Tokyo Gas Co., Ltd. · TSE:9531

Tokyo Gas — Q1 FY2025 Earnings Presentation

26 slides from Tokyo Gas's earnings presentation, Jul 30, 2025

  1. Slide 1: FY2025 1Q Financial Results

    TSE:9531 FY2025 1Q Financial Results ended June, 2025 July 30, 2025

  2. Slide 2: Executive Summary

    01 Executive Summary *Tokyo Gas America Ltd., and its affiliated consolidated subsidiaries have adopted Generally Accepted Accounting Principles in the U.S. (U.S. GAAP) in place of International Financial Reporting Standards (IFRS) from the end of FY2024. Accordingly, the results for FY2024 1Q have

  3. Slide 3: Progress Toward Achieving 8% ROE

    Progress Toward Achieving 8% ROE 3 FY2024 results FY2025 forecast ROE 4.3% 11.1% Profit PL attributable to 741 hundred million yen 1,830 hundred million yen owners of parent Increase in profits from US shale gas business and extraordinary profit, etc. D/E ratio 0.77 0.82 Other (unit: 100 million yen

  4. Slide 4: Financial Highlights

    Financial Highlights 4 FY2025 1Q Results (vs. FY2024 1Q Results): Profit attributable to owners of parent increased by 829 hundred million yen YoY due to higher sales in Energy solution and Overseas business segments, and extraordinary profit. FY2025 1Q FY2024 1Q (unit: 100 million yen) Change Main

  5. Slide 5: FY2025 Consolidated Financial Results

    02 FY2025 Consolidated Financial Results ended June, 2025 *Tokyo Gas America Ltd., and its affiliated consolidated subsidiaries have adopted Generally Accepted Accounting Principles in the U.S. (U.S. GAAP) in place of International Financial Reporting Standards (IFRS) from the end of FY2024. Accordi

  6. Slide 6: FY2025 1Q Consolidated Results: Sales, Profit, etc.

    FY2025 1Q Consolidated Results: Sales, Profit, etc. (Apr. 1, 2025-June 30, 2025） vs. FY2024 1Q 6 (+/- indicate impact on profit, 100 million yen) FY2025 1Q FY2024 1Q Change % Results Results Net Sales 6,473 5,868 605 10.3 Operating profit 625 258 367 141.4 Segment Profit 617 280 337 120.2 （operating

  7. Slide 7: Sales and Operating Profit/Loss by Business Segments

    7 vs. FY2024 1Q FY2025 1Q Consolidated Results: Sales and Operating Profit/Loss by Business Segments (unit: 100 million yen) Segment Profit Net sales*5 (Operating profit+Equity income/loss of subsidiaries) FY2025 1Q FY2024 1Q FY2025 1Q FY2024 1Q Change ％ Change ％ Results Results Results Results Ener

  8. Slide 8: FY2025 1Q Consolidated Results: Ordinary Profit Analysis

    FY2025 1Q Consolidated Results: Ordinary Profit Analysis vs. FY2024 1Q 8 (unit: 100 million yen)  City gas +220: Increase in city gas gross margin +142： Change in volume, etc. +94 (incl. change due to temp effect +47), time lag effect +48 Energy （Net sales） +44: Change in volume, etc. +72, Change i

  9. Slide 9: Consolidated Gas Sales Volume / Number of Customers

    FY2025 1Q Consolidated Gas Sales Volume/ Number of Customers vs. FY2024 1Q 9 Increase in sales volume, led by residential City Gas sales volume: demand, due to colder weather Number of customers (City Gas), LNG sales volume FY2025 1Q FY2024 1Q （unit: mil.m3） Change Results Results 2,480 2,428 +52 mi

  10. Slide 10: Consolidated Electricity Sales Volume / Number of Customers

    FY2025 1Q Consolidated Electricity Sales Volume/ Number of Customers vs. FY2024 1Q 10 Increase in sales volume, led by growth in retail Electricity customer base and sales expansion in the New electricity retail customers sales volume: wholesale business *Number of billed customers for electric powe

  11. Slide 11: FY2025 Full Year Forecast

    03 FY2025 Full Year Forecast Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.

  12. Slide 12: FY2025 Consolidated Forecast: Sales, Profit, etc.

    vs. Previous Forecast FY2025 Consolidated Forecast: Sales, Profit, etc. (Apr. 1, 2025-Mar. 31, 2026） vs. FY2024 12 （unit: 100 million yen） Previous FY2025 FY2024 Forecast Change % Change % Forecast Results （as of April） Net sales 27,540 27,540 0 0.0 26,368 1,172 4.4 Operating profit 1,590 1,590 0 0.

  13. Slide 13: Full Year Forecast: Operating Profit/Loss by Business Segments

    vs. Previous Forecast FY2025 Consolidated Full Year Forecast: Operating Profit/Loss by Business Segments vs. FY2024 13 （unit: 100 million yen） vs. Previous Forecast Net sales*5 Segment Profit (Operating profit+Equity income/loss of subsidiaries) (as of April) FY2025 Previous Forecast FY2025 Previous

  14. Slide 14: FY2025 Consolidated Forecast: Ordinary Profit Analysis

    FY2025 Consolidated Forecast: Ordinary Profit Analysis vs. FY2024 14 (unit: 100 million yen)  City gas +131: Increase in city gas gross margin +131: Change in volume, etc. +116 (temperatures effect, etc.), time lag effect +15 Energy （Net sales）-595: Decrease in unit price due to resource costs adju

  15. Slide 15: Segment Information: Energy Solution

    Segment Information: Energy Solution 15 （unit: 100 million yen） Summary FY2025 Previous FY2024 Forecast Change % Change % Forecast Results （as of April） 23,699 23,699 0 ― 23,404 295 1.3 Net sales City gas 14,196 14,196 0 ― 16,164 -1,968 -12.2 Electric Power 6,698 6,698 0 ― 5,981 717 12.0 Segment Pro

  16. Slide 16: Full Year Forecast: Gas Sales Volume / Number of Customers

    FY2025 Full Year Forecast: Consolidated Gas Sales Volume/ Number of Customers 16 City Gas sales volume: Expect steady progress, largely in line with the previous forecast, throughout the year （unit: mil.m3） 15,000 Number of customers (City Gas), LNG sales volume vs. Previous Forecast Previous FY2025

  17. Slide 17: Full Year Forecast: Consolidated Electricity Sales Volume

    FY2025 Full Year Forecast: Consolidated Electricity Sales Volume 17 Electricity sales volume: Expect steady progress, largely in line with the previous forecast, throughout the year （unit: mil. kWh） 30,000 27,582 vs. Previous Forecast 25,000 ±0 mil. kWh 23,440 （ー） 20,000 Retail Sales vs. FY2024 Resu

  18. Slide 18: Segment Information: Network

    Segment Information: Network 18 Summary （unit: 100 million yen） Previous FY2025 FY2024 Forecast Change % Change % Forecast Results （as of April） Net sales 3,371 3,371 0 0.0 3,278 93 2.8 Segment Profit 5 5 0 0.0 -31 36 ― (Operating profit + Equity method profit/loss) Segment Assets 6,220 6,220 0 0.0

  19. Slide 19: Segment Information: Overseas business

    Segment Information: Overseas business （unit: 100 million yen） 19 Summary FY2025 Previous Forecast Change % FY2024 Change % Forecast Results （as of April） Net sales 2,354 2,354 0 0.0 1,812 542 29.9 Segment Profit 671 671 0 0.0 228 443 193.4 (Operating profit + Equity method profit/loss) Segment Asse

  20. Slide 20: Segment Information: Urban Development

    Segment Information: Urban Development 20 （unit: 100 million yen） Summary Previous FY2025 FY2024 Forecast Change % Change % Forecast Results （as of April） 1 Net sales* Total 832（1,108） 832（1,108） 0（0） 0（0） 778（798） 54（310） 6.9（38.8） Real estate sales 214（490） 214（490） 0（0） 0（0） 190（210） 24（280） 12.2

  21. Slide 21: FY2025 Plan (Consolidated) Segment ROA

    FY2025 Plan (Consolidated) Segment ROA 21 • As part of our actions for advancing business portfolio management, we have introduced a management approach based on individual ROA targets set for each internal company and core business subsidiary. *Segment ROA = segment profit (operating profit + equit

  22. Slide 22: Progress of the FY2023-FY2025 Medium-Term Investment Plan

    Progress of the FY2023-FY2025 Medium-Term Investment Plan 22 Targets of FY2025 Medium-term FY2024 FY2023 Forecast Management Plan Results Results for FY2023-2025 FY23-FY25 FY2025 Growth investments 6,500 8,910 2,638 2,470 3,801 (portion for 2,300 1,341 265 371 703 decarbonization-related （FY23-FY25）

  23. Slide 23: Reference Materials

    Reference Materials Copyright© TOKYO GAS Co., Ltd. All Rights Reserved.

  24. Slide 24: Gas Gross Margin Sensitivity to Crude Oil Price and Exchange Rate

    Gas Gross Margin Sensitivity to Change in Crude Oil Price and Exchange Rate 24 Impact of rising JCC（Japan Crude Cocktail Prices) by $1/bbl Impact on earnings (unit: 100 million yen) 2Q 3Q 4Q Full year 2Q -2 -6 +5 -3 3Q ― -2 -8 -10 Period 4Q ― ― -1 -1 Full year -2 -8 -4 -14 Impact of depreciation of

  25. Slide 25: Crude oil price・Exchange rate

    Crude oil price・Exchange rate 25 Crude oil price（Japan Crude Cocktail Prices） （$/bbl） 120.00 110.00 100.00 90.00 80.00 70.00 60.00 50.00 40.00 FY2025 FY2024 FY2023 Exchange rate （¥/$） 160.00 155.00 150.00 145.00 140.00 135.00 130.00 125.00 120.00 FY2025 FY2024 FY2023 Copyright© TOKYO GAS Co., Ltd. A

  26. Slide 26: Overseas Projects

    Overseas Projects 26 9 1 2 4 5 7 3 6 8 Area No Country Subject Main Business Participation year TG Natural Resources Shale gas 2017 TGES America Energy Service 2015 Birdsboro Natural gas power 2017 1 U.S.A North America Aktina Solar power 2020 Longbow Battery Energy Storage System 2024 ARM Energy Ho

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