Tokyo Gas

1. Currency risk- Tokyo Gas company is exposed to foreign exchange risk due to its cross border operations. Changes in foreign exchange rates could lead to decreased profits for Tokyo Gas if their sales are denominated in a currency different than the Japanese yen.

2. Fuel supply risk- Tokyo Gas relies on fuel suppliers to meet the demands of its customers. Any delays in delivery of fuel, a rise in prices, or a disruption in the supply chain due to external factors could have a negative impact on its operations.

3. Economic uncertainty- Tokyo Gas is exposed to economic uncertainty due to its energy focused business model. Factors such as recession or inflation in Japan, or an economic slowdown in other countries, could lead to decreased demand and lower profits for the company.

4. Regulatory risk- Government regulations related to the energy industry could have a significant impact on Tokyo Gas operations. Changes in regulations may require the company to take additional measures in order to remain compliant, resulting in additional costs or decreased profitability.

5. Competition risk- Tokyo Gas faces competition from other energy companies operating in Japan. This competition could lead to a decrease in market share and profits for the company.