Tokyo Gas : Financial Results for FY2015 3Q ended December 2015

ee48fbc9-ee30-4eb6-99bd-01d8c717321d.pdf

January 29, 2016

Consolidated Financial Results Bulletin for the 3rd Quarter Ended December 31, 2015 (J-GAAP) Tokyo Gas Co., Ltd.

Securities code: 9531 Stock listings:

(URL http://www.tokyo-gas.co.jp/IR/english/index.html) Tokyo Stock Exchange, Nagoya Stock Exchange Representative: Mr. Michiaki HIROSE, President

Contact: Mr. Narumi TOMITA, General Manager, Location of head office: Tokyo Consolidated Settlements Group

Scheduled date of the filing of quarterly report: February 15, 2016 Scheduled date of the start of dividend payments: -

Preparation of 3Q earnings presentation material (yes/no): Yes

Holding of 3Q earnings announcement (yes/no): Yes (for institutional investors)

(Amounts are rounded down to the nearest million yen)

1. Consolidated Performance for 3rd Quarter (from April 1, 2015 to - December 31, 2015)

   (Unit: million yen)

2. Consolidated Business Performance (% of change from the corresponding period of previous year)

   	Net sales		Operating income		Ordinary income		Net income attributable to the parent company
   Nine months ended Dec. 31, 2015	1,339,907	-15.2%	128,412	126.3%	125,378	143.6%	78,900	108.8%
   Nine months ended Dec. 31, 2014	1,580,129	10.1%	56,747	-35.4%	51,472	-38.1%	37,788	-31.5%

   Note: Total comprehensive income

   Nine months ended December 31, 2015: 75,756 million yen (89.8%) Nine months ended December 31, 2014: 39,915 million yen (-50.9%)

   
   

   	Net income per share	Diluted net income per share
   Nine months ended Dec. 31, 2015 Nine months ended Dec. 31, 2014	32.87 yen 15.42 yen	- -

   
   

3. Consolidated Financial Position




(Unit: million yen)

	Total assets	Net assets	Equity ratio
As of Dec. 31, 2015 As of Mar. 31, 2015	2,203,590 2,257,662	1,104,776 1,087,262	49.3% 47.4%

Reference: Shareholders' equity

As of December 31, 2015: 1,086,297 million yen As of March 31, 2015: 1,069,515 million yen




4. Dividend

   
   

   	Dividend per share (Unit: yen)
   	End of 1Q	End of 2Q	End of 3Q	End of 4Q	Annual
   FY2014 ended Mar. 31, 2015 FY2015 ending Mar. 31, 2016	- -	5.00 5.00	- -	5.00	10.00
   FY2015 ending Mar. 31, 2016 (Forecast)	6.00	11.00

   Note: Revision to the dividend forecast that has been disclosed lastly: Yes

5. Consolidated Results Forecast for FY2015 ending March 31, 2016 (April 1, 2015 - March 31, 2016)

1. Consolidated Business Performance

   (Unit: million yen) (% of change from the corresponding period of previous year)

   	Net sales		Operating income		Ordinary income		Net income attributable to the parent company		Net income per share
   Full-year	1,895,000	-17.3%	188,000	9.5%	181,000	7.6%	122,000	27.3%	50.88 yen

   
   

   	Total assets	Net assets	Equity ratio
   Full-year	2,296,000	1,151,000	49.3%

2. Consolidated Financial Position

   
   

   
   

   Reference: Shareholders' equity: 1,132,000 million yen

   Note: Revision to the consolidated results forecast that has been disclosed lastly: Yes

   
   

   (Unit: million yen)

   
   

   *Notes

3. Significant changes in consolidated subsidiaries (changes in specified subsidiaries resulting in change of scope of consolidation during the quarter) (yes/no): No

   
   

4. Application of accounting treatment peculiar to quarterly consolidated financial statement preparation (yes/no): Yes

   Note: Please see page 5 of the Attachment, "2. Summary Information (Notes): (1) Application of accounting treatment peculiar to quarterly consolidated financial statement preparation" for details.

   
   

5. Change in accounting policies or estimates and retrospective restatements

6. Change in accounting policies in accordance with revision of accounting standards: Yes

7. Change in accounting policies other than item 1) above: No

8. Change in accounting estimates: No

9. Retrospective restatements: No

   Note: Please see page 5 of the Attachment, "2. Summary Information (Notes): (2) Changes in accounting policies or estimates and retrospective restatements" for details.

   
   

10. Number of issued shares (common stock)




(Unit: share)




1) Number of issued shares at end of period (including treasury stock):	Dec. 31, 2015	2,396,778,295	Mar. 31, 2015	2,446,778,295
2) Number of shares of treasury stock at end of period:	Dec. 31, 2015	6,679,607	Mar. 31, 2015	6,540,207
3) Average number of shares during period:	Apr. - Dec. 2015	2,400,641,850	Apr. - Dec. 2014	2,450,539,628




• Presentation of implementation status for quarterly review procedures

  The quarterly review procedure based on the Financial Instruments and Exchange Act does not apply to this Consolidated Financial Results Bulletin, and the quarterly review procedure based on the Financial Instruments and Exchange Act had not been completed as of the release of this Consolidated Financial Results Bulletin.

  
  

• Explanation related to appropriate use of results forecasts and other items warranting special mention

1. The above forecasts are based on the information available at the time this report was prepared, and Tokyo Gas makes no guarantee that these figures will be achieved. Actual results may differ from these forecasts for a variety of reasons. Please see page 3 of the Attachment, "1. Qualitative Information on 3rd Quarter Results: (3) Qualitative information on consolidated results forecast" for details.

2. Supplementary explanation materials for financial results will be posted on the Company's website.

Non-Consolidated Results Forecast for FY2015 ending March 31, 2016 (April 1, 2015 - March 31, 2016)

(Unit: million yen) (% of change from the corresponding period of previous year)

	Net sales		Operating income		Ordinary income		Net income		Net income per share
Full-year	1,693,000	-18.7%	154,000	22.0%	161,000	15.0%	102,000	-1.8%	42.54 yen

Note: Revision to the non-consolidated results forecast that has been disclosed lastly: Yes

Contents of Attachment
1. Qualitative Information on 3rd Quarter Results 2
2. Qualitative information on consolidated business performance 2
3. Qualitative information on consolidated financial position 3
4. Qualitative information on consolidated results forecast 3
5. Summary Information (Notes) 5
6. Application of accounting treatment peculiar to quarterly consolidated financial statement preparation 5
7. Changes in accounting policies or estimates and retrospective restatements 5
8. Consolidated Financial Statements 6
9. Consolidated balance sheets 6
10. Consolidated statements of income and comprehensive income 8 Consolidated statement of income 8 (Nine months ended December 31, 2015) Consolidated statement of comprehensive income 9 (Nine months ended December 31, 2015)
11. Notes on consolidated financial statements 10 (Note on going concerns' premise) 10 (Significant changes in shareholders' equity) 10 (Segment information) 11
12. Supplementary Information 12
13. Non-consolidated 3rd quarter business performance 12




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