11-Year SummaryTokyo Gas Co., Ltd. and Consolidated Subsidiaries
Years ended March 312003

2002

2001

2000

Net sales.....................................................................................

¥1,127,634¥1,097,589¥1,086,771¥992,255

Gas sales................................................................................

789,688

750,439

740,731

672,070

Gas appliance sales ..............................................................

141,225

148,271

145,435

126,747

Related construction............................................................

67,04567,63367,611

63,949Real estate rental business ..................................................

14,944

15,685

15,60214,959

Other.....................................................................................

114,732

115,561

117,392

114,530

Operating income.....................................................................

123,294

110,608

103,659

69,233

Net income ................................................................................

59,201

51,912

27,595

26,698Depreciation..............................................................................

137,300

141,646

146,420

136,214

Accounting basis ..................................................................

110,188

104,291

109,899

121,806

Payment basis.......................................................................

107,164

112,675

111,208

120,501

Net income (Basic)................................................................

¥21.18¥18.47

¥9.82

¥9.50

Net income (Diluted) ...........................................................

19.11

16.66

9.13

8.84

Net income and depreciation .............................................

70.4

68.9

61.9

58.0

Cash dividends applicable to the year ...............................

6.00

6.00

6.00

5.00

Total assets ................................................................................

¥1,676,064¥1,702,713¥1,797,669¥1,805,086

Long-term debt due after one year ........................................

598,322680,887

708,329

843,634

Total stockholders’ equity........................................................

579,706

564,078

552,790484,239

Net income/Net sales ................................................................

5.3%

4.7%

2.5%

2.7%

ROE ..........................................................................................

10.4%

9.3%

5.3%

5.9%

ROA ..........................................................................................

3.5%

3.0%

1.5%

1.5%

Equity ratio................................................................................

34.6%

33.1%

30.8%

26.8%

For the Year:

Capital expenditures
Tokyo Gas Co., Ltd.

30Per share (Yen):

Annual Report 2003

At Year-End:

Ratios:Note: Capital expenditures (accounting basis) represents the amount of payments for fixed assets in the relevant fiscal year. Capital expenditures (payment basis) represents
the net amount of “Purchases of property, plant and equipment” and “Purchases of intangible fixed assets” on the Consolidated Statements of Cash Flows for therelevant fiscal year.

Millions of yen except per share amounts

1997

1996

1995

1994

1993

¥997,767¥1,009,155¥988,077¥958,662¥915,862¥909,673¥844,443

674,997

686,649

663,066

633,253

601,990622,632599,820

132,749

126,840

134,174

135,669

137,209

115,158

103,869

63,63066,69569,966

68,82570,03473,15870,92815,617

16,495

18,423

18,468–––110,774

112,476

102,448

102,447

106,629

98,72569,82672,30376,48562,163

67,10960,10559,26356,082

17,764

17,241

15,432

16,762

11,072

16,173

16,368132,568

114,893

123,569

120,569–––

142,030

159,433

162,282

180,080–––

150,202

154,143

–

–

–

––

¥6.32

¥6.14

¥5.49

¥5.97

¥3.94

¥5.76

¥5.82

5.94

5.76

5.37

–

–

––

53.5

47.0

49.5

–

–

–

–

5.00

5.00

5.00

5.00

5.00

5.00

5.00

¥1,707,446¥1,720,684¥1,772,132¥1,657,176¥1,608,244¥1,513,038¥1,436,450

820,753765,304

878,674

743,177

724,523

721,980

623,979

421,442

417,755

414,906

413,725

411,164

409,713404,848

1.8%

1.7%

1.6%

1.7%

1.2%

1.8%

1.9%

4.2%

4.1%

3.7%

4.1%

2.7%

4.0%

4.1%

1.0%

1.0%

0.9%

1.0%

0.7%

1.1%

1.2%

24.7%

24.3%

23.4%

25.0%

25.6%27.1%

28.2%

31
Annual Report 2003

1998

Tokyo Gas Co., Ltd.

1999