Tokyo Gas : Financial Results for FY2015 ended March 2016

21e7fdb0-9afc-48ae-9d99-062372675aa7.pdf Consolidated Financial Results Bulletin for the Fiscal Year Ended March 31, 2016 (J-GAAP) Tokyo Gas Co., Ltd.

Securities code: 9531 Stock listings:

April 28, 2016

(URL http://www.tokyo-gas.co.jp/index_e.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

General shareholders' meeting schedule: June 29, 2016 Scheduled date of the filing of securities report: June 29, 2016 Scheduled date of the start of dividend payments: June 30, 2016 Preparation of earnings presentation material (yes/no): Yes

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

(Amounts are rounded down to the nearest million yen)

1. Consolidated Performance for FY2015 ended March 31, 2016 (from April 1, 2015 to - March 31, 2016)

   (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
   FY2015 ended Mar. 31, 2016	1,884,656	-17.8%	192,008	11.8%	188,809	12.3%	111,936	16.8%
   FY2014 ended Mar. 31, 2015	2,292,548	8.5%	171,753	3.4%	168,169	5.4%	95,828	-11.6%

   Note: Total comprehensive income

   FY2015 ended March 31, 2016: 89,874 million yen (-28.6%) FY2014 ended March 31, 2015: 125,826 million yen (-14.5%)

   	Net income per share	Diluted net income per share	Ratio of net income to shareholders' equity	Ratio of ordinary income to total assets	Ratio of operating income to net sales
   FY2015 ended Mar. 31, 2016	46.68 yen	-	10.3%	8.4%	10.2%
   FY2014 ended Mar. 31, 2015	39.15 yen	-	9.2%	7.6%	7.5%

   Reference: Income or loss on investment accounted for by equity method

   FY2015 ended March 31, 2016: 2,122 million yen FY2014 ended March 31, 2015: 3,313 million yen

   	Total assets	Net assets	Equity ratio	Net assets per share
   As of Mar. 31, 2016	2,251,518	1,115,172	48.9%	460.35 yen
   As of Mar. 31, 2015	2,257,662	1,087,262	47.4%	438.28 yen

3. Consolidated Financial Position

   Reference: Shareholders' equity

   As of March 31, 2016: 1,100,271 million yen As of March 31, 2015: 1,069,515 million yen

4. Consolidated Cash Flows

5. (Unit: million yen)

   (Unit: million yen)

   	Cash flows from operating activities	Cash flows from investment activities	Cash flows from financing activities	Cash and cash equivalents at end of year
   FY2015 ended Mar. 31, 2016	354,658	(236,406)	(75,418)	170,102
   FY2014 ended Mar. 31, 2015	223,225	(184,838)	(67,741)	128,333

6. Dividend

   	Dividend per share (Unit: yen)					Total dividend payments (Full-year) (Unit: million yen)	Payout ratio (Consolidated)	Dividend on equity (Consolidated)
   	End of 1Q	End of 2Q	End of 3Q	End of 4Q	Full- year
   FY2014 ended Mar. 31, 2015	-	5.00	-	5.00	10.00	24,402	25.5%	2.4%
   FY2015 ended Mar. 31, 2016	-	5.00	-	6.00	11.00	26,291	23.6%	2.4%
   FY2016 ending Mar. 31, 2017 (Forecast)	-	5.50	-	5.50	11.00	73.3%

7. Consolidated Results Forecast for FY2016 ending March 31, 2017 (April 1, 2016 - March 31, 2017)

8. 	Net sales		Operating income		Ordinary income		Net income attributable to the parent company		Net income per share
   Half-year	718,000	-20.3%	26,000	-76.4%	22,000	-79.4%	16,000	-80.1%	6.74 yen
   Full-year	1,581,000	-16.1%	48,000	-75.0%	40,000	-78.8%	35,000	-68.7%	15.01 yen

9. Consolidated Business Performance

   	Ratio of net income to shareholders' equity	Ratio of ordinary income to total assets	Ratio of operating income to net sales
   Full-year	3.3%	1.8%	3.0%

   	Total assets	Net assets	Equity ratio	Net assets per share
   Full-year	2,227,000	1,038,000	45.9%	446.27 yen

10. Consolidated Financial Position

Reference: Shareholders' equity 1,022,000 million yen

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

(Unit: million yen)

*Notes

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

   Reference: Scope of consolidation and application of equity method

   Number of consolidated subsidiaries: 67 (Increased by 1 company and decreased by 3 companies Number of subsidiaries and affiliates accounted for by equity method: 7 (Increased by 1 company)

2. Change in accounting policies or estimates and retrospective restatements

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

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

5. Change in accounting estimates: No

6. Retrospective restatements: No

7. Note: Please see page 23 of the Attachment, "(5) Notes on consolidated financial statements: 3) Change in accounting policies or estimates and retrospective restatements" for details.

8. Number of issued shares (common stock)

9. (Unit: share)

   1) Number of issued shares at end of period (including treasury stock):	Mar. 31, 2016	2,396,778,295	Mar. 31, 2015	2,446,778,295
   2) Number of shares of treasury stock at end of period:	Mar. 31, 2016	6,700,416	Mar. 31, 2015	6,540,207
   3) Average number of shares during period:	Apr. 2015- Mar. 2016	2,398,002,800	Apr. 2014- Mar. 2015	2,447,967,930

   (Reference)
10. Non-Consolidated Business Results for FY2015 ended March 31, 2016 (April 1, 2015 - March 31, 2016)

11. Non-Consolidated Business Performance

    (Unit: million yen)

    (% of change from the corresponding period of previous year)

    	Net sales		Operating income		Ordinary income		Net income
    FY2015 ended Mar. 31, 2016	1,677,345	-19.5%	155,028	22.9%	164,052	17.1%	93,566	-9.9%
    FY2014 ended Mar. 31, 2015	2,083,595	9.2%	126,192	-1.9%	140,048	7.5%	103,863	15.3%

    	Net income per share	Diluted net income per share
    FY2015 ended Mar. 31, 2016	39.02 yen	-
    FY2014 ended Mar. 31, 2015	42.43 yen	-

    	Total assets	Net assets	Equity ratio	Net assets per share
    As of Mar. 31, 2016	1,810,657	840,020	46.4%	351.46 yen
    As of Mar. 31, 2015	1,827,125	810,965	44.4%	332.33 yen

12. Non-Consolidated Financial Position

13. Reference: Shareholders' equity

    As of Mar. 31, 2016: 840,020 million yen As of Mar. 31, 2015: 810,965 million yen

    (Unit: million yen)

14. Non-Consolidated Results Forecast for FY2016 ending March 31, 2017 (April 1, 2016 - March 31, 2017)

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

    	Net sales		Operating income		Ordinary income		Net income		Net income per share
    Half-year	624,000	-22.4%	16,000	-83.0%	28,000	-71.7%	50,000	-35.6%	21.07 yen
    Full-year	1,377,000	-17.9%	28,000	-81.9%	40,000	-75.6%	65,000	-30.5%	27.88 yen

    • Presentation of implementation status for auditing procedures

      The auditing procedure based on the Financial Instruments and Exchange Act does not apply to this Consolidated Financial Results Bulletin, and the auditing 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

16. 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 5 of the Attachment, "I. Business Performance and Financial Position: (1) Analysis on business performance:

    " for details.

17. The information related to this Financial Results will be posted on the Web site of the Company.