FY2022 Tokyo Gas Group Management Plan[PDF : 549KB]

March 23, 2022

FY2022 Tokyo Gas Group Management Plan

Tokyo Gas Co., Ltd.

Tokyo Gas Co., Ltd. (President: UCHIDA Takashi; "Tokyo Gas") decided FY2022 Tokyo Gas Group Management Plan.

FY2022 falls under the final year of Tokyo Gas Group FY2020-2022Medium-term Management Plan and the first year of the transition to the holdings group structure and the spin-off of the network business. Amid increasing uncertainties surrounding our management environment due to international situation and COVID-19, we will expand profits from our gas business and promote the transformation into a corporate group with multiple business pillars in order to realize"Compass2030*1, 2".

１．FY2022 Revenue and expenditure plan

We plan to achieve a profit level equivalent to the FY2020-2022Medium-term Management Plan targets. (Impact of recent international situation on LNG procurement has not been reflected.)

Revenue and expenditure plan	Consolidated
FY2022 Plan
Net sales	¥2,468.0	billion
Operating profit	¥140.0	billion
Segment profit (operating profit +	¥143.5 billion
equity income of subsidiaries)
Ordinary profit	¥127.0	billion
Profit attributable to owners of parent	¥92.0	billion
ROA		3.1%
ROE		7.4%
D/E ratio		1.05

＜Segment profit＞

(Reference)

FY2021 Forecast

¥2,090.0 billion

¥105.0 billion

¥109.9 billion

¥103.0 billion

¥76.0 billion

2.7%

6.4%

0.99

As a result of the transition to the holding group structure from April 1, 2022, business segments for disclosure have been changed from FY2022.

Segment profit	Consolidated
FY2022 Plan
Energy solution business	¥112.3 billion
Network business	¥10.0	billion
Overseas business	¥33.4	billion
Urban business	¥13.5	billion
Adjustment	-¥25.7	billion

Total segment profit

¥143.5 billion

*Assumptions for FY 2022: crude oil price: 80$/bbl, exchange rate: 115 yen/dollar (Impact of recent international situation on LNG procurement has not been reflected.)

２．Gas sales volume and Electricity sales volume

For the FY2022, our forecast of Gas sales volume is 12,398 million m3 and that of Electricity sales volume is 34,801 million kWh on a consolidated basis.

Gas sales volume and Electricity sales	Consolidated
	volume	FY2022 Plan
Gas sales volume	12,398 million ｍ3
(45MJ)
	Residential	3,061	million ｍ3
	Others	9,337	million ｍ3
Electricity sales volume	34,801 million kWh

(Reference)

FY2021 Forecast

12,963 million ｍ3

3,084 million ｍ3

9,879 million ｍ3

27,874 million kWh

３．Investment plan

For the FY2022, our forecast of investment is ¥367.8 billion on a consolidated basis. In accordance with the strategies presented in Compass Action, we will expand our investments in growth areas such as Net-Zero CO2, power sources including renewable energy, and overseas business.

Investment plan	Consolidated
FY2022 Plan
Capital Expenditure	¥267.0 billion
Investments and Financing	¥100.8 billion
Total	¥367.8 billion

(Reference)

FY2021 Forecast

¥223.0 billion

¥55.4 billion

¥278.4 billion

*1:Tokyo Gas Group Management Vision Compass 2030 (announced on November 27, 2019)

*2:Compass Action-Adetailed roadmap for achieving Compass 2030- (announced on November 26, 2021)