Reference Materials (FY2024 1Q)
Consolidated

1．<Consolidated> Financial Results
2．<Consolidated> Main Consolidated Subsidiaries Results・Forecast

Non-consolidated

3．<Non-consolidated> Financial Data
4．<Non-consolidated> Impact of Sliding Time Lag
5．<Non-consolidated> Analysis of Gas Gross Profit

Assumptions

6．<Assumptions> Oil Price and Currency Forecasts, and their Impacts on Gross Profit

Reference Materials
1. <Consolidated> Financial Results<FY2024 1Q vs FY2023 1Q>

FY24 1Q
Net sales<FY2024 Forecast vs FY2023 Results>

ChangeFY23 1Q

5,8696,496

Reference

1,130

2,203-1,073

1,110

2,281-1,171-51.4% Decrease in gain on foreign exchange, etc.

249929-680

Ordinary profit

270

1,072-802-74.8% Decrease in gain on foreign exchange, etc.

Equity(*1)
Equity ratio(*1)
Factoring in hybrid bonds/loans

Reference

Energy solution -1,016, Urban Development -69, Overseas-48.7%-47, Network +51, etc.

Operating profit

Total assets(*1)<FY2024 Forecast vs Previous Forecast (Apr.)>ChangeFY23-627

Energy solution -564, Overseas -100, Urban Development-73.2%-31, Network +19, etc.

199776-577[FY24]Compensation income for damage-74.4%[FY23]Gain on sale of investment securities

38,19338,888-695-1.8%Profit attributable to owners of parent

FY24 Forecast

Energy solution -716, Urban Development -35, Overseas +102,-9.7%
Network +29, etc.

Current assets -1,838（Notes and accounts receivable - trade, andcontract assets -1,058, Cash and deposits -891）, Non-current
assets +1,143（Investments and other assets +728, Intangible
assets +407, Property, plant and equipment +9）
Profit +199, Foreign currency translation adjustment +637,
3.9%
Dividend payments -149, etc.

26,38026,645-265

810

1,699-889

39,16038,888272

113

Reference

26,420

-40

1,130

0－

1,110

0－

800

100.7%

39,1600－

0.7%

17,0700－[Forecast]Compensation income for damage-52.3% [FY23] Gain on sale of investment securities,Gain on valuation oflong term loans receivable, Impairment loss

17,613

16,957656

17,07016,957

(%)

46.1%

43.6%

2.5%

－

43.6%

43.6%

－－

43.6%

－

(%)

47.2%

44.7%

2.5%

－

44.7%

44.7%

－－44.7%

－

0.15

0.18

-0.03

－

0.68

0.71

-0.03

－

0.68

-0.2% Overseas -40

1.3%－－－

Total assets turnover(*2)（times）

ROA（*2）

(%)

－－－－

2.1%

4.5%

-2.4%

－

2.1%

ROE（*2）

(%)

－－－－

4.8%

10.4%

-5.6%

－

4.7%

0.1%

－

14,01014,411-401

14,010

0－

－

833

833

－

833

0－

Interest-bearing debt(*1)

13,88814,411-523

833

833

－

Hybrid bond/loan component
Ｄ/Ｅ ratio
Factoring in hybrid bonds/loans-3.6% Tokyo Gas -720, etc.

－-2.8%

0－－－－－－

0.82

0.85

-0.03

－

0.82

0－－－－－

0.78

0.81

-0.03

－

0.78

0－

Profit attributable to owners of parent

199

776

-577

-74.4%

810

1,699

-889

-52.3%

800

10Depreciation(*3･4)

625

506

119

23.6%

2,560

2,123

437

20.6%

2,560

0

Operating cash flow(*5)

824

1,283

-459

-35.7%

3,370

3,822-452-11.8%

3,360

10

Capital expenditure(*3)

625

401

224

55.9% Consolidated subsidiaries +246, Tokyo Gas -23

3,290

2,052

1,238

60.3%

3,290

0－-1,007－Investments and Financing(after offset)
WACC

203－

(%)

0.3%

－-447

1,654

-2,101－

560

－

3.2%

2.7%

0.5%

－

3.2%

207.53411.88-204.35-49.6%

205.402.13

1.0%

4,403.01

4,249.83

153.183.6%

4,414.79-11.78-0.3%

approximately
40%

40.3%

187

EPS（￥/share）

50.17

180.91-130.74-72.3%

BPS(*1)（￥/share）

4,465.51

4,249.83

215.68

5.1%－－

Total return ratio(*6)

1.3%
－－

16－－－

Went down due to decrease in profit attributable to owners ofparent （-577）(*1)Figures in B/S items for FY23 are the figures as of the end of FY23 (end of March 2024)(*2)The calculation of total assets turnover, ROA, and ROE are based upon average Total assets and Shareholders' equity in each period.
(*3)Amounts for capital expenditure and depreciation are after offsetting of internal transactions.
(*4)Depreciation includes amortization of long-term prepaid expenses.
(*5)Operating cash flow is calculated using the simplified accounting treatment of “Net profit attributable to the parent + Depreciation and amortization.”(simplified accounting treatment; differs from amount in Consolidated Statement of Cash Flows)(*6)FYn Total return ratio = ((FYn total annual dividend) + (FYn +1 stock repurchases)) / (FYn profit attributable to owners of the parent)

1－－

approximately
40%

100 million yen

ChangePrevious

Energy solution -1,069, Urban Development -190, Overseas +626,-1.0%
Network +104, etc.

－－－－

[Forecast]Compensation income for damage[Previous]None2. <Consolidated> Main Consolidated Subsidiaries Results(1)FY2024 1Q vs. FY2023 1QSegmentEnergy & Solution
seg. and Other

Company nameTokyo Gas Co.,Ltd.

Tokyo Gas Engineering Solutions
Energy & Solution seg. Group(*1,*2)

100 million yen

Net sales
FY24 1Q

Reference

ChangeFY23 1Q

Operating profit
FY24 1Q

Reference

ChangeFY23 1Q

5,150

5,805-655-11.3%

129677-548-80.9%501555-54-9.6% Sales decrease due to demerger of gas equipment business, etc.

48252388.2%－Increase in revenue due to higher profits in energy service
business, Increase in profit due to decrease in costs, etc.

Overseas seg.

TG Australia Group(*1)

1182-181-99.3% Sale of LNG upstream interests, etc.

-3101-104

Overseas seg.

TG America Group(*1)

423

133

290

217.7% Increase in production, etc.

3523

1251.0% Increase in profit due to increase in sales, etc.

Other

2,038

1,991

47

2.3%

96127-31-24.3%

Consolidated subsidiaries total

2,964

2,862

102

3.5%

178

279-101-36.2%

5,869

6,496-627

-9.7%

249

929-680-73.2%

Consolidated total

Decrease in profit due to decrease in sales, etc.

(2)FY2024 Forecast vs. FY2023 Results
SegmentCompany nameTokyo Gas Engineering Solutions
Energy & Solution seg. Group(*1,*2)

100 million yen

Net sales
FY24 Forecast

Reference

ChangeFY23

Operating profit
FY24 Forecast

ReferenceChange

FY232,1282,1280－109

1090－

Overseas seg.

TG Australia Group(*1)

330－-13-130－

Overseas seg.

TG America Group(*1)

1,818

1,858-40

317

357-40

Other

9,301

9,301

0375

3750

Consolidated subsidiaries total

13,25013,290-40-0.3%

788

828-4026,38026,420-40-0.2%

1,130

1,1300Consolidated total-2.2% Decrease in sales due to decrease in unit sales prices, etc.
－(*1)Consolidated figures are simple sums before elimination of intra-company transactions.
(*2)Figures after reorganisation

2-12.6% Decrease in profit due to decrease in sales, etc.
－-5.1%－3. <Non-consolidated> Financial Data
100 million yen<FY2024 1Q vs FY2023 1Q>
FY24 1Q

ChangeFY23 1Q

Gas Sales

2,729

3,086

Gas raw materials and supplies

1,777

1,714

63952

1,372-420

Gas gross profit-357

Reference-11.6% Volume/composition, etc. -68, Sliding time lag effect -289
3.7%Volume/composition, etc. +14, Sliding time lag effect +49(Foreignexchange +137, Oil price -56, etc.)-30.6% Volume/composition, etc. -82, Sliding time lag effect -338

<FY2024 Forecast vs FY2023 Results>

100 million yen
FY24 ForecastChange

FY23

Reference-4.5% Volume/composition, etc. +166, Sliding time lag effect -730

Gas Sales

12,047

12,611-564

Gas raw materials and supplies

8,009

8,086-77-1.0%

Gas gross profit

4,038

4,525-487-10.8% Volume/composition, etc. +61, Sliding time lag effect -548

Volume/composition, etc. -105, Sliding time lag effect-182(Foreign exchange +50, Oil price -342, etc.)<FY2024 Forecast vs Previous Forecast (Apr.)>100 million yen
FY24 Forecast

ChangePreviousReference

Gas Sales

12,047

12,0470-

Gas raw materials and supplies

8,009

8,0090-Gas gross profit

4,038

4,0380-

4. <Non-consolidated> Impact of Sliding Time Lag
100 million yen
Change<FY2024 1Q vs FY2023 1Q>
FY24 1Q

FY23 1Q

Impact of Sliding Time Lag(*)
Revenue from sliding system

793

1,082

Increase in gas raw materials and supplies

69864949

Change95433-338<FY2024 Forecast vs FY2023 Results>
FY24 Forecast-289

100 million yen
ChangeFY23

Impact of Sliding Time Lag(*)
Revenue from sliding system

2,755

3,485-730

Increase in gas raw materials and supplies

2,688

2,870-182

67615

Change<FY2024 Forecast vs Previous Forecast (Apr.)>FY24 Forecast-548
100 million yen
ChangePrevious

Impact of Sliding Time Lag(*)
Revenue from sliding system

2,755

2,7550

Increase in gas raw materials and supplies

2,688

2,688067670Change(*)Change from standard average resource cost3

5. <Non-consolidated> Analysis of Gas Gross Profit
100 million yen
Change<FY2024 1Q vs FY2023 1Q>(Breakdown)

Volume, etc.
Gas Sales-68

Gas raw materials and supplies

Temp. effect

10

Other-78

Temp. effect

6

Other

814

Gas gross profit-82-28949

Temp. effect

4

Other-86

Change<FY2024 Forecast vs FY2023 Results>(Breakdown)

Unit price

-338

Total

Sliding-289

Other0Sliding49(crude oil price)-56(exchange rate)

137

Sliding-338

Other0(Breakdown)

Volume, etc.
-357

16663

Temp. effect

228

Other-62

Temp. effect

87

Other

18-730105-420

61

141

Other-80-548

TotalSliding-730

Other

0Sliding

-182

-182

Temp. effect-357<FY2024 Forecast vs Previous Forecast (Apr.)>(Breakdown)

Unit price(crude oil price)-342(exchange rate)

50Sliding

-548

Other

0

6. <Assumptions> Oil Price and Currency Forecasts, and their Impacts on Gross Profit(1) Economic Frame <Consolidated/Non-consolidated>
FY24 Results
1Q
FY24Forecast (Jul.)JCCEX Rate

100 million yen
FY24 Forecast
2-4Q■Gross Profit Sensitivity to Changes in Oil Price

100 million yen

２Q

３Q

4Q

Full-year

$/bbl

87.43

80.00

80.00

Gas sales

1440

¥/$

155.86145.00145.00Gas raw materials and supplies

1815

235

Gas gross profit-4-11-2-17

FY24 Previous Forecast (Apr.)
1Q
FY24 Previous Forecast JCC(Apr.)
EX Rate(2) Gross Profit Sensitivity <Non-consolidated>

Full-year

2-4Q

$/bbl

80.00

¥/$145.00

18

Full-year■Gross Profit Sensitivity to Changes in EX Rate

100 million yen

２Q

３Q

4Q

Gas sales1413

Gas raw materials and supplies

11Gas gross profit

3291312360-10-7< Cautionary Statement regarding Forward-looking Statements >Statements made in this presentation with respect to Tokyo Gas’s present plans, forecasts, strategies, and other informatio n herein that are not expressions of historical fact are forward-looking statements about the future performance of the Company. The
Company’s actual performance may greatly differ from these projections due to critical factors which include general econom ic conditions in Japan, crude oil prices, the weather, changes in the foreign exchange rate of the yen, rapid technological innovations, andthe Company’s responses to the progress of deregulation.

4Full-year
2(Breakdown)

Volume, etc.
-564-77-487

0Temp. effect0

Other0Temp. effect0

Other000(Breakdown)

Unit price00

Temp. effect0

Other00

Total

Sliding

0

Other

0

Sliding0(crude oil price)0(exchange rate)0

Sliding0

Other0000