January 28, 2022

Consolidated Financial Results Bulletin for the 3rd Quarter Ended December 31, 2021
(J-GAAP)Tokyo Gas Co., Ltd.
Securities code:9531
Stock listings:(URL https://www.tokyo-gas.co.jp/IR/english/index.html)
Tokyo Stock Exchange, Nagoya Stock Exchange
Representative:
Mr. UCHIDA Takashi, Representative Corporate
Executive Officer, President and CEO
Contact:
Mr. KOMORI Rikiya, Chief Manager,
Location of head office: Tokyo
Consolidated Settlements Sect.
Scheduled date of the filing of quarterly report:
February 14, 2022
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, 2021 to December 31, 2021)(Unit: million yen)(% of change from the corresponding period of previous year)(1) Consolidated Business Performance
Net sales

Operating profit

Ordinary profit

Profit attributable toowners of parent

Nine months ended
Dec. 31, 2021

1,387,506

12.4%

37,528-43.4%

46,271-24.1%

33,852-20.3%

Nine months ended
Dec. 31, 2020

1,234,153-9.4%

66,29121.0%

60,963

7.1%

42,44926.1%

Note: Total comprehensive income
Nine months ended December 31, 2021: 20,725 million yen (-15.4%) Nine months ended December 31, 2020: 24,505 million yen (-22.0%)

Profit per share

Diluted profit
per share

Nine months ended
Dec. 31, 2021

76.99 yen—

Nine months ended
Dec. 31, 2020

96.26 yen—

Note: As provisional accounting treatments on business combinations were confirmed in the FY2020 ended March 31, 2021, the figures for thenine months ended December 31, 2020 reflect the confirmed details of the provisional accounting treatments.

(2) Consolidated Financial Position(Unit: million yen)
Total assets
As of Dec. 31, 2021
As of Mar. 31, 2021

3,144,050
2,738,348

Reference: Shareholders’ equity
As of December 31, 2021: 1,155,875 million yen

Total net assets

Equity ratio

1,170,700
1,178,271

36.8%
42.1%

As of March 31, 2021: 1,153,813 million yen

2. Dividend
Dividend per share (Unit: yen)
End of 1Q
FY2020 ended Mar. 31,
2021
FY2021 ending Mar. 31,
2022
FY2021 ending Mar. 31,
2022 (Forecast)End of 2Q

End of 3Q

—

30.00

—

—

30.00

—

Note: Revision to the dividend forecast that has been disclosed lastly: None

End of 4Q

Annual

30.00

60.00

35.00

65.00

3. Consolidated Results Forecast for FY2021 ending March 31, 2022 (April 1, 2021 - March 31, 2022)(Unit: million yen)(% of change from the corresponding period of previous year)
Net sales
Full-year

2,090,000

Operating profit
18.4%

105,000

35.2%

Ordinary profit
103,000

46.1%

Net profit attributableto owners of parent
76,00053.5%

Profitper share
172.86

Note: Revision to the consolidated results forecast that has been disclosed lastly: Yes*Notes(1) Significant changes in consolidated subsidiaries (changes in specified subsidiaries resulting in change of scope of
consolidation during the quarter) (yes/no): No
Reference: Scope of consolidation and application of equity method
Number of consolidated subsidiaries: 108 (Increased: 3, decreased: 2)
Number of subsidiaries and affiliates accounted for by equity method: 15(2) Application of accounting treatment peculiar to quarterly consolidated financial statement preparation (yes/no): Yes
Note: Please see page 9 of the Attachment, “2. Consolidated Financial Statements and Main Notes: (3) Notes on
consolidated financial statements (Application of accounting treatment peculiar to quarterly consolidated
financial statement preparation)” for details.
(3) Change in accounting policies or estimates and retrospective restatements
1) Change in accounting policies in accordance with revision of accounting standards: Yes
2) Change in accounting policies other than item 1) above: No
3) Change in accounting estimates: No4) Retrospective restatements: No(4) Number of issued shares (common stock)(Unit: share)
1) Number of issued shares at end of period(including treasury stock):

Dec. 31, 2021

440,996,559

Mar. 31, 2021

442,436,059

2) Number of shares of treasury stockat end of period:

Dec. 31, 2021

1,446,213

Mar. 31, 2021

1,437,924

3) Average number of shares during period:

Apr. – Dec. 2021

439,714,082

Apr. – Dec. 2020

441,007,553* Quarterly review procedures by a certified public accountant or an audit firm do not apply to quarterly consolidated
financial results bulletins.
* Explanation related to appropriate use of results forecasts and other items warranting special mention
1. The consolidated and non-consolidated results forecasts include numerous elements of uncertainty, including the impactof the COVID-19 pandemic. Therefore, the forecasts are subject to drastic changes depending on future developments.
For details of the above forecasts, please refer to “1. Overview of Business Performance, etc. (2) Future outlook” on page
3 of the Attachment.
2. The information related to this Financial Results will be posted on the Web site of the Company.

Non-Consolidated Results Forecast for FY2021 ending March 31, 2022 (April 1, 2021 - March 31, 2022)(Unit: million yen)(% of change from the corresponding period of previous year)
Net sales
Full-year

1,887,000

17.0%Operating profit

Ordinary profit

41,00035,000-12.9%

Note: Revision to the non-consolidated results forecast that has been disclosed lastly: Yes-25.2%Net income
29,000-31.8%

Profitper share
65.96 yenContents of Attachment
1.

2.

Overview of Business Performance, etc............................................................................................................................. 2(1) Overview of business performance of the 3rd quarter............................................................................................. 2(2) Future outlook ......................................................................................................................................................... 3
Consolidated Financial Statements and Main Notes ........................................................................................................ 4(1) Consolidated balance sheets .................................................................................................................................... 4(2) Consolidated statements of income and comprehensive income............................................................................. 6
Consolidated statement of income............................................................................................................................. 6(Nine months ended December 31, 2021)
Consolidated statement of comprehensive income ................................................................................................... 7(Nine months ended December 31, 2021)(3) Notes on consolidated financial statements ............................................................................................................. 8(Note on going concerns’ premise) ............................................................................................................................ 8(Additional information) ........................................................................................................................................... 8(Significant changes in shareholders’ equity) ............................................................................................................ 9(Application of accounting treatment peculiar to quarterly consolidated financial statement preparation) .............. 9(Change in accounting policies) .............................................................................................................................. 10

1

1. Overview of Business Performance, etc.
(1) Overview of business performance of the 3rd quarter<Summary by segment>(Unit: million yen)
Electric
EnergyGas
Overseas
Real estate
Otherspower
relatedFY2021
892,059
308,615
62,430227,548
43,34873,781(% of total)(55.4%)(19.2%)(3.9%)(14.2%)(2.7%)(4.6%)FY2020795,847
282,337
31,768236,149
35,57378,999Sales(% of total)(54.5%)(19.3%)(2.2%)(16.2%)(2.4%)(5.4%)
Amount of change
96,212
26,27830,662-8,601
7,775-5,218(Rate of change)
12.1%
9.3%
96.5%
-3.6%
21.9%
-6.6%
FY2021
875,625
296,988
44,450216,622
31,24572,424(% of total)(57.0%)(19.3%)(2.9%)(14.1%)(2.0%)(4.7%)
731,410
267,484
28,987224,361
29,64576,552
Operating FY2020
expenses (% of total)(53.9%)(19.7%)(2.1%)(16.5%)(2.2%)(5.6%)
Amount of change
144,215
29,504
15,463-7,7391,600-4,128(Rate of change)
19.7 %
11.0%
53.3%
-3.4%
5.4%
-5.4%
FY2021
16,433
11,626
21,70910,925
12,8181,415(% of total)(21.9%)(15.5%)(29.0%)(14.6%)(17.1%)(1.9%)
64,436
14,853
2,329
11,787
6,674
2,439
Segment FY2020
profit/loss (% of total)(62.8%)(14.5%)(2.3%)(11.5%)(6.5%)(2.4%)
Amount of change-48,003-3,227
19,380-862
6,144-1,024(Rate of change)-74.5%-21.7%
831.8%-7.3%
92.1%-42.0%
Notes:
1. Figures for sales include internal transactions. Figures for operating expenses do not include expenses that cannot beallocated to specific segments. Figures for segment profit/loss are adjusted against the amount based on operating
profit/loss of consolidated financial statements plus or minus investment income or loss on equity method.
2. As provisional accounting treatments on business combinations were confirmed in the FY2020 ended March 31,
2021, the figures for the nine months ended December 31, 2021 reflect the confirmed details of the provisional
accounting treatments.

City gas sales volume< Consolidated City Gas Sales Volume, etc.>
Apr. – Dec. 2021 Apr. – Dec. 2020
Change% change
No. of customers for cityThousands
8,733
8,935
-202
-2.3
gas retail sales
Thousands
No. of customers (meters)
12,161
12,041120
1.0
Residential
1,827
1,962
-135
-6.9
Mil. m3
Commercial
1,514
1,572
-58
-3.7
Mil. m3
3
Industrial
4,532
4,105
427
10.4
Mil. mSubtotal
6,046
5,677
369
6.5
Mil. m3
3
Supplies to other utilities
1,149
1,273
-124
-9.8
Mil. m
Total
9,022
8,912
110
1.2
Mil. m3
Average temperature
°C
19.7
19.4
0.3
—
Notes:
1. No. of customers for city gas retail sales indicates the number of billed customers for city gas retail sales.
2. No. of customers (meters) indicates the number of meters that includes inactive meters and meters for gas supply
from other retail companies.
3. “Commercial” indicates sales to commercial, public and medical institutions.
4. City gas sales volumes are on the basis of 45MJ/m3.
5. Average temperature is the average temperature during the period of use by each customer (from date of initialmonth’s meter reading to final month’s meter reading).
The aforementioned notes also apply to the relevant tables.

2

< Consolidated Electric Power Sales Volume, etc.>
Apr. – Dec. 2021 Apr. – Dec. 2020
Change% change
No. of customers for
Thousands
2,934
2,629
305
11.6
electric power retail sales
Electric Retailmillion kWh
7,687
7,152
535
7.5
power
Wholesale etc. million kWh
12,33910,533
1,806
17.1
sales
million kWh
20,025
17,6852,340
13.2
volume Total
Note: No. of customers for electric power retail sales indicates the number of billed customers for electric power retailsales.
<Foreign Exchange Rate and Crude Oil Price>
Apr. – Dec. Apr. – Dec.
Change¥/$ rate2021
2020
111.14106.10
5.04

Crude oilprice($/bbl)(2) Future outlook
a. Consolidated city gas sales volume forecast for FY2021
FY2021(Forecast)Mil. m3
3,084
City gas Residential
sales
OthersMil. m3
9,879
volume Total
Mil. m3
12,963
Average temperature°C
16.4

Apr. – Dec.
2021
73.95

FY2020(Results)
3,207
9,783
12,99016.5

b. Consolidated electric power sales volume forecast for FY2021
FY2021(Forecast)
Total electric power sales
million kWh
27,874volumeFY2020(Results)

Apr. – Dec.
2020
39.05

Change

-3.8%
1.0%
-0.2%
—

Change% change

3,113

c. Consolidated earnings forecast for FY2021

34.90% change

-123
96
-27
-0.1

24,761

Change

12.6(Unit: hundred million yen)
Operating profit

Ordinary profit

Profit attributableto owners ofparent20,90013,7587,142
1,050
17,651
11,467
6,183
776
Change
3,249
2,291
959
274
% change
18.4%
20.0%
15.5%
35.2%
Note: Internal sales between segments are adjusted in the “Other sales” column.

1,030
705
325
46.1%

760
495
265
53.5%

Net sales

Gas sales

Other sales

FY2021 (forecast)
FY2020 (results)< Foreign exchange rate and crude oil price forecast for FY2021>
FY2021
FY2020
Crude oil
Change(Forecast)(Results)¥/$ rate
price($/bbl)112.11106.106.01

3FY2021(Forecast)
74.21

FY2020(Results)
43.35

Change30.86

2.Quarterly Consolidated Financial Statements(１)Quarterly Consolidated Balance Sheets(Million yen)
As of March 31,2021

As of December 31,2021

AssetsNon-current assets
Property, plant and equipment
Production facilities
Distribution facilities

231,177594,662

221,888573,659

Service and maintenance facilities
Other facilities

15,992564,495

14,322572,766

Inactive facilities
Construction in progress

316
89,283316
120,868

1,495,927

1,503,821

Total property, plant and equipment
Intangible assets
Goodwill

5,320

5,871

Other intangible assets

290,316

289,144

Total intangible assets

295,637

295,016

Investment securities
Long-term loans receivable

230,782
57,279246,437
65,195Retirement benefit asset
Deferred tax assets

114
47,36810,70347,762Other investments
Allowance for doubtful accounts

60,814(301)

95,299(282)

Investments and other assets

Total investments and other assets
Total non-current assets

396,057

465,1142,187,623

2,263,951

157,881
218,985

157,155--

287,798

Current assets
Cash and deposits
Notes and accounts receivable - trade
Notes and accounts receivable - trade, and contract
assetsLease receivables and investments in leases

19,61818,904

Securities
Merchandise and finished goods

1,210
1,980

10
3,330

Work in process
Raw materials and supplies

11,59546,464

22,79785,251Other current assets
Allowance for doubtful accounts

93,848(857)

307,255(2,405)

Total current assets
Total assets

4

550,725880,098

2,738,348

3,144,050

(Million yen)
As of March 31,2021

As of December 31,2021

Liabilities
Non-current liabilities
Bonds payable
Long-term borrowings

474,998
458,881

528,523562,723

Deferred tax liabilities
Retirement benefit liability
Provision for share awards for directors (and otherofficers)
Provision for gas holder repairs
Provision for safety measures

24,26958,41633,13866,601

-

57

3,172
349

3,192
195

Provision for appliance warranties
Provision for point card certificates

10,843
1,635

423

Asset retirement obligations
Other noncurrent liabilities

23,31389,18826,660105,126

Total non-current liabilities

1,145,067

1,326,641

Current portion of non-current liabilities
Notes and accounts payable - trade108,704
84,26552,387
124,450

Short-term borrowings
Income taxes payable

5,706
11,710

6,582
12,264

Other current liabilities

204,623

451,022

Current liabilities

Total current liabilities

415,010646,708

1,560,077

1,973,350

Share capital
Capital surplus

141,844
1,145

141,844846

Retained earnings
Treasury shares

990,762(3,907)

999,527(3,519)1,129,845

1,138,699

22,99020,550(11,240)
4,322(28,813)
23,460Total liabilities
Net assets
Shareholders' equity

Total shareholders' equity
Accumulated other comprehensive income
Valuation difference on available-for-salesecurities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans

7,895

1,977

Total accumulated other comprehensive income

23,96817,175

Non-controlling interests
Total net assets
Total liabilities and net assets

5

24,457

14,824

1,178,271

1,170,700

2,738,348

3,144,050

(２)Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the nine months)d(Million yen)
For the nine months
ended December 31,2020

For the nine months
ended December 31,2021

Net sales
Cost of sales

1,234,153
831,224

1,387,506
1,007,732

Gross profit

402,928

379,773

Selling, general and administrative expenses
Supply and sales expenses

290,311

297,156

General and administrative expenses

46,32545,088

Total selling, general and administrative expenses

336,636

342,244

Operating profit

66,291

37,528Non-operating income
Interest income

1,226

864

Dividend income
Share of profit of entities accounted for using equity
methodForeign exchange gains
Gain on sales of raw materials

1,822

1,255

286

4,502

537
-

9,626
6,817

Miscellaneous income

10,394

10,604

Total non-operating income

14,26733,672

Interest expenses
Miscellaneous expenses

8,925
10,66910,91814,011

Total non-operating expenses

19,59524,92960,963

46,271Gain on bargain purchase
Gain on sale of investment securities

2,008
4,728

3,691

Total extraordinary income

6,736

3,691

7,538

-

Loss on valuation of investment securities

4,608

-

Total extraordinary losses

12,146-

Profit before income taxes

55,55349,962

Income taxes

12,47015,023

Profit43,08334,939634

1,086

42,44933,852Non-operating expenses

Ordinary profit
Extraordinary income

Extraordinary losses
Impairment losses

Profit attributable to non-controlling interests
Profit attributable to owners of parent

6

Quarterly Consolidated Statements of Comprehensive Income (For the nine months)(Million yen)
For the nine months
ended December 31,2020
ProfitOther comprehensive income

For the nine months
ended December 31,2021

43,08334,939Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

4,898(11,016)(2,453)(26,741)

Foreign currency translation adjustment
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Total other comprehensive income(5,723)(598)

17,475(5,905)(6,137)

3,411(18,578)(14,213)Comprehensive income

24,505

20,725Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to non-controllinginterests

24,14027,094364(6,368)7

(3) Notes on consolidated financial statements(Note on going concerns’ premise)
Not applicable(Additional information)
Accounting estimates on the impact of COVID-19
It is difficult to determine the impact of the COVID-19 pandemic on the Group since we cannot currently
foresee when the pandemic will abate.
Accounting treatments require estimations to be made based on certain assumptions. The Group has madeaccounting estimates by assuming that the impact of the COVID-19 pandemic will continue to a certain extent
during FY2021, in view of the impact of each business on the operating results for the nine months ended
December 31, 2021.
Share-based compensation plan for directors, corporate executive officers and executive officers
At its Compensation Committee held on June 29, 2021, the Company resolved to introduce a trust-type
share-based Compensation Plan for its directors and corporate executive officers with the aim of providing
incentives to improve the Company’s corporate value over the medium to long term. The Company has alsodecided to introduce a similar share-based compensation plan for its executive officers (the two share-based
compensation plans are hereinafter collectively referred to as the “Plan”; the directors, corporate executive
officers and executive officers are hereinafter collectively referred to as the “Executives”).
Accounting for the Plan is based on the Practical Solution on Transactions of Delivering the Company’s Own
Stock to Employees etc. through Trusts (PITF No. 30, March 26, 2015).
(1) Overview of transaction
The Plan is a trust-type share-based compensation plan under which a trust established by the Company
by contributing cash (hereinafter, the “Trust”) acquires Company shares equivalent to the number of points
granted by the Company to each Executive, who then receives delivery of the shares.
Under the Plan, Company shares will be delivered to Executives in office during the three fiscal years
from the fiscal year ending March 31, 2022, to the fiscal year ending March 31, 2024 (hereinafter, the“Applicable Period”). As a general rule, Executives shall receive the Company shares when they
resign/retire.
(2) Company shares remaining in trust
Company shares remaining in trust have been recorded as treasury stock at their carrying amount in thetrust (excluding the amount of incidental expenses) under net assets. The carrying amount and number ofshares of said treasury stock at the end of the third quarter ended December 31, 2021, were ¥461 million and
224,600 shares, respectively.

8

(Significant changes in shareholders’ equity)
Purchase of treasury stock
The Company purchases treasury stock from the market as per the provisions of Article 156 of the Companies
Act that is applied in an alternative interpretation of Article 165, Section 3 of the Companies Act.
The purchase of treasury stock that was decided at the Board of Directors meeting held on April 28, 2021, hasended with the purchases of up to May 18, 2021.
(1) Purchase period
May 10 – May 18, 2021 (contract basis)(2) Number of shares purchased
1,439,500 shares(3) Total amount of purchase¥3,299,881,550(4) Purchase method
Market purchase on the Tokyo Stock Exchange
Retirement of treasury stock
At its Board of Directors meeting held on July 28, 2021, the Company resolved to retire its treasury stock
pursuant to Article 178 of the Companies Act and carried out the retirement as follows.
(1) Class of shares retired
Common stock(2) Number of shares retired
1,439,500 shares(3) Date of retirement
August 17, 2021
(Application of accounting treatment peculiar to quarterly consolidated financial statement preparation)
Calculation of taxes
Taxes are calculated by multiplying profit before income taxes for the third-quarter period under review by thereasonably estimated effective tax rate subsequent to the application of tax effect accounting to the profit income
before income taxes for the current consolidated fiscal year ending March 31, 2022 including the third quarter
under review.

9(Change in accounting policies)
Application of Accounting Standard for Revenue Recognition, etc.
The Company has applied the Accounting Standard for Revenue Recognition (ASBJ No. 29, March 31, 2020)and others effective the start of the three months ended June 30, 2021, and has decided to recognize the amount
expected to be received in exchange for goods or services as revenue when the control of the promised goods orservices has been transferred to the customer.
Therefore, revenues associated with the electric power business, which had been recognized on the basis of thedate of meter reading, are now recognized on the basis of delivery by reasonably estimating the performanceobligation that is fulfilled at the end of the term. For the provision of certain gas equipment maintenance services,
the maintenance cost expected to be incurred in the future had been booked as provision for appliance warranties,
and the amount provided had been booked as expenses. However, said services are now identified as aperformance obligation, and the amount expected as consideration for future provision of the services is now
treated as a contractual liability. The advanced billing use to promote renewable energy power generation is nolonger included in the transaction price upon revenue recognition as it is collected for a third party. It is now
accounted for as a liability item instead of the previous operating revenue item. The corresponding payments inaccordance with the Act on Special Measures concerning the Procurement of Renewable Electric Energy are now
also accounted for as said liability item instead of an operating expense. With regard to points that are granted
according to the purchase amount of gas and electricity, the amount expected to be used in the future had been
booked as provision for point card certificates and the amount provided had been booked as expenses. The points
granted are now identified as a performance obligation, and the amount expected to be received in exchange for
future services are now booked as a contractual liability.
The Accounting Standard for Revenue Recognition, etc. are applied in accordance with the transitional
procedures set forth in the proviso of paragraph 84 of the Accounting Standard for Revenue Recognition. Under
this application method, the cumulative effect of retroactively applying the new accounting policies to before thestart of the three months ended June 30, 2021, is added to or deducted from the retained earnings at the start of
the three months ended June 30, 2021, and the new accounting policies are applied from said starting balance.
However, by applying the method set forth in paragraph 86 of the Accounting Standard for Revenue
Recognition, the new accounting policies have not been applied retroactively to contracts for which almost all
revenues had been recognized in accordance with the previous treatment before the start of the three months
ended June 30, 2021. In addition, by applying the method set forth in proviso (1) of paragraph 86 of the
Accounting Standard for Revenue Recognition, changes to contracts carried out before the start of the threemonths ended June 30, 2021, have been accounted for based on the contract terms after all contract changes havebeen reflected, and their cumulative effects have been added to or deducted from retained earnings at the start of
the three months ended June 30, 2021.
As a result, retained earnings at the start of the nine months ended December 31, 2021, increased by ¥5,255
million, net sales for the nine months ended December 31, 2021, decreased by ¥26,566 million, and operating
profit, ordinary profit, and profit before income taxes increased by ¥5,782 million each.
Due to the application of the Accounting Standard for Revenue Recognition, etc., “notes and accounts
receivable - trade,” which were presented under “current assets” in the consolidated balance sheet for theprevious fiscal year, have been included in “notes and accounts receivable - trade, and contractual assets,”starting the beginning of the three months ended June 30, 2021. The “provision for appliance warranties,” which
was presented under “non-current liabilities” in the consolidated balance sheet for the previous fiscal year, hasbeen included as “contractual liabilities” under “other current liabilities,” starting the beginning of the threemonths ended June 30, 2021. Of the “provision for point card certificates” that was presented under “non-current
liabilities” in the consolidated balance sheet for the previous fiscal year, the amount corresponding to contractual
liabilities under the Accounting Standard for Revenue Recognition, etc. has been included as “contractual
liabilities” under “other current liabilities,” starting the beginning of the three months ended June 30, 2021. In
accordance with the transitional procedures set forth in paragraph 89-2 of the Accounting Standard for Revenue
Recognition, reclassification based on the new presentation method has not been carried out for the previous
fiscal year.
Application of Accounting Standard for Fair Value Measurement, etc.
The Company has applied the Accounting Standard for Fair Value Measurement (ASBJ Statement No. 30, July4, 2019) and others effective the start of the three months ended June 30, 2021, and has decided to apply the new
accounting policy set forth by the Accounting Standard for Fair Value Measurement, etc. into the future inaccordance with the transitional procedures stipulated in paragraph 19 of the Accounting Standard for Fair Value
Measurement and paragraph 44-2 of the Accounting Standard for Financial Instruments (ASBJ Statement No. 10,
July 4, 2019). This will have no impact on quarterly consolidated financial statements.
10