Announcement of revision to forecast results[PDF : 98KB]

October 21, 2016 Tokyo Gas Co., Ltd.

Based on recent business results trends, Tokyo Gas Co., Ltd. is announcing revisions to the forecast results released on July 29, 2016, as shown below.

1. Revisions to Forecast Results

   (1) Consolidated

   Revisions to 1st half forecast for the year ending March 2017 (April 1, 2016 - September 30, 2016) Unit: ¥ million

   Net sales	Operating income	Ordinary income	Net income attributable to the parent company	Net income per share (Yen)
   Previous forecasts (A) (Announced on July 29, 2016)	709,000	23,000	20,000	15,000	6.46
   Revised forecasts (B)	707,000	36,000	34,000	26,000	11.20
   Change (B - A)	-2,000	13,000	14,000	11,000
   Rate of change (%)	-0.3	56.5	70.0	73.3
   Ref.)Results for previous 1st half (Results ended September 2015)	901,418	110,061	107,000	80,600	33.50

   (2)Non-consolidated

   Revisions to 1st half forecast for the year ending March 2017 (April 1, 2016 -September 30, 2016) Unit: ¥ million

   Net sales	Operating income	Ordinary income	Net income	Net income per share (Yen)
   Previous forecasts (A) (Announced on July 29,2016)	622,000	13,000	23,000	47,000	20.25
   Revised forecasts (B)	627,000	23,000	32,000	55,000	23.70
   Change (B - A)	5,000	10,000	9,000	8,000
   Rate of change (%)	0.8	76.9	39.1	17.0
   Ref.)Results for previous 1st half (Results ended September 2015)	804,180	94,012	98,831	77,609	32.26

2. Reasons

As for the 1st half forecasts on non-consolidated basis, net sales, operating income, ordinary income and net income are to change from previous forecasts respectively with the decreased gas material cost due to a strong yen, the increased gas sales volume and some expenses will be shifted to the 2nd half of the year, etc.

As for the 1st half forecasts on consolidated basis, net sales, operating income, ordinary income and net income attributable to the parent company are to change from previous forecasts respectively reflecting the revisions on non-consolidated basis

mentioned above and some expenses of consolidated subsidiaries will be shifted to the 2nd half of the year, etc.

These revisions to 1st half forecast will not entirely reflected on the full year forecasts, because the decreased gas material cost gas in the 1st half will lead to lower the gas sales unit price in the 2nd half from gas rate adjustment system and some expenses will be shifted to the 2nd half of the year. We will disclose the full year forecasts when we announce the 1st half financial results

* : The forecast above was prepared on the basis of information available at the time of the release of this document. Due to various factors, the actual result may vary from these forecast data.