Tokyo Gas : Financial Results for FY2016 3Q ended December 2016

January 31, 2017

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 14, 2017 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, 2016 to December 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
   Nine months ended Dec. 31, 2016	1,086,075	-18.9%	28,162	-78.1%	25,574	-79.6%	17,441	-77.9%
   Nine months ended Dec. 31, 2015	1,339,907	-15.2%	128,412	126.3%	125,378	143.6%	78,900	108.8%

   Note: Total comprehensive income

   Nine months ended December 31, 2016: -6,020 million yen (-%) Nine months ended December 31, 2015: 75,756 million yen (89.8%)

   	Net income per share	Diluted net income per share
   Nine months ended Dec. 31, 2016	7.54 yen	-
   Nine months ended Dec. 31, 2015	32.87 yen	-

3. Consolidated Financial Position

4. (Unit: million yen)

   	Total assets	Net assets	Equity ratio
   As of Dec. 31, 2016	2,118,788	1,036,025	48.4%
   As of Mar. 31, 2016	2,251,518	1,115,172	48.9%

   Reference: Shareholders' equity

   As of December 31, 2016: 1,025,100 million yen As of March 31, 2016: 1,100,271 million yen

5. Dividend

   	Dividend per share (Unit: yen)
   	End of 1Q	End of 2Q	End of 3Q	End of 4Q	Annual
   FY2015 ended Mar. 31, 2016	-	5.00	-	6.00	11.00
   FY2016 ending Mar. 31, 2017	-	5.50	-
   FY2016 ending Mar. 31, 2017 (Forecast)	5.50	11.00

   Note: Revision to the dividend forecast that has been disclosed lastly: No

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

8. 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	1,617,000	-14.2%	53,000	-72.4%	46,000	-75.6%	41,000	-63.4%	17.76 yen

   	Total assets	Net assets	Equity ratio
   Full-year	2,192,000	1,053,000	47.3%

9. Consolidated Financial Position

   Reference: Shareholders' equity: 1,037,000 million yen

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

   (Unit: million yen)

   *Notes

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

11. 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.

12. Change in accounting policies or estimates and retrospective restatements

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

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

15. Change in accounting estimates: No

16. 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.

17. Number of issued shares (common stock)

18. (Unit: share)

    1) Number of issued shares at end of period (including treasury stock):	Dec. 31, 2016	2,302,856,295	Mar. 31, 2016	2,396,778,295
    2) Number of shares of treasury stock at end of period:	Dec. 31, 2016	6,791,514	Mar. 31, 2016	6,700,416
    3) Average number of shares during period:	Apr. - Dec. 2016	2,312,483,751	Apr. - Dec. 2015	2,400,641,850

    • 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

19. 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.

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

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

(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	1,423,000	-15.2%	25,000	-83.9%	32,000	-80.5%	60,000	-35.9%	25.99 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. Additional information 5

9. Consolidated Financial Statements 6

10. Consolidated balance sheets 6

11. Consolidated statements of income and comprehensive income 8

    Consolidated statement of income 8

    (Nine months ended December 31, 2016)

    Consolidated statement of comprehensive income 9

    (Nine months ended December 31, 2016)

12. Notes on consolidated financial statements 10

    (Note on going concerns' premise) 10

    (Significant changes in shareholders' equity) 10

    (Segment information) 11

13. Supplementary Information 13

14. Non-consolidated 3rd quarter business performance 13

15. 1