Contents

Progress of the Medium-termManagement Plan and KPIs

Introduction
CEO’s Message
How We Create Value

Compass2030
Overall Strategy
CFO’s Message

Project portfolio
composition: Operatingprofits + equity method
incomeOverseas* 1Solutions, etc.* 2

Energy* 3 (gas + electricity)

Medium-term Management Plan

Progress of the Medium-termManagement Plan and KPIs

Compass2030

Challenge 1: Leadership in the effort
to achieve Net-Zero CO2

12%
5%
36%
59%

25%

Challenge 2: Establishment a value
co-creation ecosystem

25%

Challenge 3: Transformation of theLNG value chain

23%
23%

28%

54%

60%50%FY2021 results

FY2022 Medium-termManagement Plan

Management guidelines
and key figures inCompass2030

Invisible Assets
Information Disclosure Basedon TCFD Recommendations
Corporate Governance

FY2020 results

Reason for setting this KPICO2Financial Data

No. of customer
accounts

This KPI has been set as an indicator tomeasure the effects of our efforts to maximize
our customer base at an early stage in orderto ensure stable profit in the gas/electricity/service business.

KGI

This KPI has been set as an indicator toquantify the expansion of business with LNGas a commodity, including LNG trading andthe overseas LNG business, in addition todomestic gas sales.

Financial indicators

Natural gas
transaction volumeSegment profit fromOverseas BusinessThis KPI has been set as an indicator tomeasure the growth of our overseas business,
which drives future profit, toward its target.

Contribution to CO 2
emission reductions

This KPI has been set as an indicator tocontinuously measure outcomes from CO 2
emissions reduction contributions, including
those from customers, through expanded
effective use of natural gas, increases in thescale of use of renewable energy, etc.

Renewable energy
transaction volume

This KPI has been set as an indicator toquantify the increased use of renewable energy
power sources and business expansion.

Cost structure reform

This KPI has been set as an indicator tomeasure the effects of our efforts to drasticallyreview operations and their structure, which
create resources for growth to be allocatedto immediate profit contribution and key
strategies.

Business Overview

Operating profits + equity methodincome¥79.1 billion¥121.5 billion¥140.0 billion

Approx. ¥200.0 billion

ROA

1.9%

3.0%

Approx.4 %

ROE

4.3%

7.5%

Approx.8 %D/E ratio

0.92

0.99

Approx.0.9

12.31 million

12.48 million

14.8 million

20 million

18.20 million tons

19.18 million tons

17.0 million tons

20 million tons
—KPI
No. of customer accounts (as of theend of FY)
Natural gas transaction volume (per FY)
Segment profit from Overseas
Business (per FY)¥3.8 billion¥28.2 billion¥16.0 billion

Contribution to CO2 emission reductions(as compared to FY2013 levels)

6.68 million tons

5.39 million tons

6.5 million tons

17 million tons* 4

Renewable energy transaction volume(as of the end of FY)

1.383 million kW

1.498 million kW

2.0 million kW

6 million kW* 5-¥12.0 billion reduction -¥21.0 billion reduction-¥30.0 billion reduction

Cost structure reform (compared toFY2019)

Web Site

Investor Relations Website
Investors’ Guide (Financial
Data and Industry Data)—

Financial Results
Presentation Materials*1 Overseas: All overseas business *2 Solutions, etc.: Energy-related, real estate, other *3 Energy: Gas and electricity business in Japan *4: The Compass2030 initial target: 10 million tons (Japan only) *5: The Compass2030 initial target: 5 million kW

Financial Results Bulletin
Corporate Governance
ReportTokyo Gas Group Integrated Report 2022

23

Sustainability ReportContents

Results to date of the Medium-term Management Plan

Introduction
CEO’s Message
How We Create Value

Medium-termManagement Plan

Key Strategy (1)Evolution of customer
solutions

Key Strategy (2)Expansion of LNG
business

Key Strategy (3)Acceleration ofoverseas businessPress
releasemonth andyearPressreleasemonth andyear

Progress in Key Strategies and Enhancement of Business BaseProgress in Key Strategies and Enhancement of Business BaseApril 2020

Established Ekimachi Energy Create Co.,Ltd. with East Japan Railway Company

Aug. 2020

Tokyo Gas acquisition of wood pellet biomass power generation facilities in Toyamaand Chiba Prefecture

June 2020

Tokyo Gas venture Sumilena Co.,Ltd. initiated fixed monthly fees for appliance rental

Oct. 2020

Launched the “Hinatao Solar” solar energy service for condominiums and buildings

Nov. 2020

Tokyo Gas to Join Joint Venture for Offshore Wind Projects in Japan (ChibaOffshore Wind Inc.)

Dec. 2020

Formed a strategic alliance with Octopus Energy Group Limited (U.K.)
and established TG Octopus Energy Co., Ltd. (February 2021)

Mar. 2021

Establishment of a Carbon Neutral LNG Buyers AllianceApril 2021

Established Tokyo Gas Nomura Real Estate Energy Co.,Ltd., for supplying energy
to the Shibaura 1-Chome Project

April 2021

Acceleration of the Development of Kashima Port Offshore Wind ProjectMay 2021

Tokyo Gas and SCREEN Agree to Jointly Develop a Water Electrolysis Cell Stackfor Low-cost Green Hydrogen Production

June 2021

Launched “Sasutena Denki,” an electricity rate plan with 100% real renewable energy

July 2021

Launch of Commercial Solar Power Operations Begins in Iwakuni, Yamaguchi Prefecture

Information Disclosure Basedon TCFD Recommendations
Corporate GovernanceMedium-termManagement Plan

Compass2030
Overall Strategy
CFO’s Message

Progress of the Medium-termManagement Plan and KPIs
Challenge 1: Leadership in the effort
to achieve Net-Zero CO2
Challenge 2: Establishment a value
co-creation ecosystem
Challenge 3: Transformation of the
LNG value chain

May 2021

Launched “Tokyo Gas Housecleaning” service

July 2021

Reached a basic agreement with JT Group to take over its software business,
which holds the top share of its market segment in Japan

Nov. 2021

Launched “EVrest” EV charging service for housing complexes

Nov. 2021

Signed a business alliance agreement with The Kansai Electric Power Co., Inc. for
VPP business using decentralized energy resources

July 2021

World’s 1st! Commence Manufacturing of CO 2 -absorbing Concrete that Uses
Exhaust Gas Emitted During the Use of Cit Gas Devices

Feb. 2022

Full-scale entry into plumbing-related repair!
Launched high-quality, reasonable-price “Tokyo Gas Repair Service”

July 2021

Commencing hydrogen demonstration experiment using megawatt-class waterelectrolyser

Sep. 2021

Produced Japan’s first potassium carbonate using CO2 from city gas devices

April 2022

Tokyo Gas launches Demand Response services and delivers one-day
worth of renewable energy-based electric power-Commemorating about 3 million electric power contracts, Tokyo Gas is weaving asustainable future with customers-

Oct. 2021

Introduced carbon-neutral city gas in Tokyo’s Marunouchi district, as the largest
project of its kind in Japan

Oct. 2021

Jointly implemented the Sakaide biomass power generation project

June 2020

Receiving the First Commingling LNG Cargo at Hatsukaichi LNG Terminal

Sep. 2020

Establishment of the ‘‘TG Global Trading’’

Nov. 2021

Started feasibility study toward creation of carbon-neutral methane supply chainwith Petronas, Sumitomo Corporation and Mitsubishi CorporationMar. 2022

Started the supply of LNG from the Niihama LNG terminal
Jan. 2022

May 2020

Tokyo Gas Invests In Principle Power, A Leading Floating Wind Power Technology
Company

Tokyo Gas selected as the prospective recipient in NEDO’s Green Innovation Fund
Project / Offshore Wind Power Cost Reduction Project (for the development of lowcost technology for manufacturing and installing floating foundations)

July 2020

Tokyo Gas Acquires Oil and Gas Assets in Louisiana Through Castleton Resources
and Takes Majority Interest in Castleton Resources

Mar. 2022

Launched demonstration testing of the methanation process toward achievingcarbon neutrality and a decarbonized society by 2050

July 2020

Establishment of a Subsidiary in the United States and the Acquisition of a 500MW
Solar Power Project (Aktina)

Mar. 2022

Participated in the dedicated biomass combustion power generation project in
Sendai City, Miyagi Pref

Oct. 2020

Signing of a Joint Cooperation Agreement with First Gen to Pursue Construction
and Operation of Interim Offshore LNG Terminal in the Philippines

April 2022Tokyo Gas selected as the prospective recipient in NEDO’s Green Innovation
Fund Project / Development of Fuel Manufacturing Technology using CO2 etc. (forinnovative technology for synthetic methane)

June 2022

MOU Signed with Shell for Joint Exploration of Decarbonization Accelerate various
types of decarbonization solutions, including synthetic gas, hydrogen, and CCUS

June 2021

Transition to a Company with a Nominating Committee, etc

Investor Relations Website

April 2022

Announcement of Group’s Management Philosophy

Investors’ Guide (FinancialData and Industry Data)

April 2022

Tokyo Gas Network Co., Ltd. began business operationFinancial Results
Presentation Materials

Nov. 2020

Investment in gas distribution company in Indonesia

Aug. 2021

The Aktina Solar Power Project in the U.S. began partial operation (150 MW)

Sep. 2021

Tokyo Gas to divest its share in MT Falcon Holdings

Oct. 2021

Establishment of the Joint Venture with the PTT Group Company-Promotion of Decarbonization through On-site Energy Service Businessincluding Improving Efficiency Technology Solutions and Fuel Supply in Thailand -Jan. 2022

Establishment of a subsidiary in Denmark and joint development of renewableenergy in the Nordics through business collaboration with EWII S/IKey Strategy (4)Shaping of Net-Zero CO 2

Key Strategy (5)Strengthening ofbusiness base:
Implementation of cost
structure reform; DX;
and Establishment of aflexible organization

Invisible Assets

Business Overview
Financial Data

Web Site

Financial Results Bulletin
Corporate Governance
ReportTokyo Gas Group Integrated Report 2022

24

Sustainability Report