Consolidated Subsidiaries and Equity-Method Affiliates

As of March 31, 2015

Main Consolidated Subsidiaries

CompanyBusiness

1

Manufacturing and sales of gas appliances,

Gastar Co., Ltd.

sales and maintenance of air-conditioners (gas heat pump)2

Capty Co., Ltd.

Capital(¥ million)

Equity ownedby Tokyo Gas Net sales（%）(¥ million)

OperatingIncome(¥ million)

2,450

66.7

35,653

2,577

1,000

100.0

56,889

1,569

3,000

100.0

91,017

1,337

Installation of gas supply lines, water supply and drainage lines,
air conditioning systems, new construction, andconstruction of gas mains and branch lines

3ENERGY ADVANCE Co., Ltd.

Energy service, district heating and cooling, cogeneration orders,and maintenance businesses

4Nijio Co., Ltd.

Wholesale of electricity

5Ohgishima Power Co., Ltd.

Generation, supply and sales of electricity

47

100.0

140,449

10,119

5,350

75.0

8,679

6Tokyo Gas Yokosuka Power Co., Ltd.

558

Independent Power Producer for TEPCO (IPP businesses)

980

75.0

10,7727Chiba Gas Co., Ltd.

608

Supply of city gas to Yachiyo city, Narita city, and surrounding cities

480

100.0

20,8581,1378Nagano Toshi Gas Co., Ltd.

Supply of city gas in Nagano Pref.

3,800

89.2

14,946

1,060

9Tokyo Gas Energy Co., Ltd.

Sales of liquefied petroleum gas (LPG) and coke

1,000

66.6

38,585-1,157

10 TOKYO GAS PLUTO PTY LTD

Participation in Pluto LNG project

11 Tokyo LNG Tanker Co., Ltd.

LNG transportation and chartering carriers

12 Tokyo Gas Chemicals Co., Ltd.

Sales of gas for industry and chemical products, anddevelopment of LNG cryogenic utilization technology

13 Tokyo Gas Engineering Co., Ltd.

Total engineering services with a particular focus on theenergy-related field

14 Tokyo Gas Urban Development Co., Ltd.

Real estate leasing, management, brokerage andnon-life insurance agents, etc.

15 Tokyo Gas Site Development Co., Ltd.

Real estate development and administration management

16 TG Information Network Co., Ltd.

Information processing services, software development, andsales of computer equipment, etc.

Number of consolidated subsidiaries: 69 (As of March 31, 2015)

202

100.0

27,797

11,112

1,200

100.0

22,871

2,627

1,000

100.0

23,874

396

100

100.0

62,5572,629

11,867100.0

24,219

3,996

5,000

100.0

2,184

387

400

100.0

22,335581

Figures are rounded off to the nearest million yen.

Other Subsidiaries
Tosetz Co., Ltd., Tokyo Kiko Co., Ltd., Tokyo Gas Remodeling Co., Ltd., Tokyo Gas Lease Co., Ltd., Tokyo Gas Telemarketing Co., Ltd., Living DesignCenter Co., Ltd., Tokyo Gas Living Line Co., Ltd., Tokyo Gas Lifeval Minami-Setagaya Co., Ltd., Tokyo Gas Lifeval Chiba Co., Ltd., Tokyo Gas Lifeval
Kazusa Co., Ltd., Tachikawa Toshi-Center Co., Ltd., Tokyo Gas Baypower Co., Ltd., Tsukuba Gakuen Gas Co., Ltd., Tokyo Gas Yamanashi Co., Ltd.,Showa Unyu Co., Ltd., Washinomiya Gas Co., Ltd., Shoei Gas Co., Ltd., Tochigi Gas Co., Ltd., Miho Gas Co., Ltd., Enelife Carrier Co., Ltd., Tokyo AutoGas Co., Ltd., Tokyo Gas LPG Terminal Co., Ltd., Capty Tech Co., Ltd., Kawasaki Gas Pipeline Co., Ltd., Tokyo Gas Pipeline Co., Ltd., Tokyo Gas
International Holdings B.V., Tokyo Gas-Mitsui&Co.Holdings Sdn. Bhd., Tokyo Gas Bajio B.V., Tokyo Gas Shale Investment Ltd., TG Europower B.V.,TOKYO GAS AUSTRALIA PTY LTD, TOKYO GAS DARWIN LNG PTY LTD, TOKYO GAS GORGON PTY LTD, TOKYO GAS QCLNG PTY LTD, TOKYOGAS ICHTHYS F&E PTY LTD, TOKYO GAS ICHTHYS PTY LTD, Tokyo Gas America Ltd., TGBI 1.LLC, TGBI 2. LLC, TG Barnett Resources LP, Tokyo
Gas Asia Pte. Ltd., TG PLUS Co., Ltd., Tokyo Oxygen and Nitrogen Co., Ltd., Tokyo Carbonic Co., Ltd., Tokyo Rare Gases Co., Ltd., TGE (SHANGHAI)LNG ENGINEERING CO., LTD., Japan Super Freeze Co., Ltd., NICCHO OPERATION CO., LTD., Park Tower Hotel Co., Ltd., Urban Communications,Inc., Tokyo Gas Auto Service Co., Ltd., Tokyo Gas Facility Service Co., Ltd., TGES America Ltd.

Equity-Method Affiliates
TOKYO TIMOR SEA RESOURCES INC.
GAS MALAYSIA BERHAD
East Japan Housing Evaluation Center Co., Ltd.
Bajio Generating VOF
MT Falcon Holdings Company, S.A.P.I. de C.V.
T-Power NV49

Tokyo Gas Annual Report 2015