April 28, 2017
Securities code: | 9531 | Stock listings: |
(URL http://www.tokyo-gas.co.jp/IR/english/index.html) | Tokyo Stock Exchange, Nagoya Stock Exchange | |
Representative: | Mr. Michiaki HIROSE, President | |
Contact: | Mr. Masami Adachi, General Manager, | Location of head office: Tokyo |
Consolidated Settlements Group | ||
General shareholders' meeting schedule: | June 29, 2017 | |
Scheduled date of the filing of securities report: | June 29, 2017 | |
Scheduled date of the start of dividend payments: | June 30, 2017 | |
Preparation of earnings presentation material (yes/no): | Yes | |
Holding of earnings announcement (yes/no): | Yes (for institutional investors) |
(Amounts are rounded down to the nearest million yen)
-
Consolidated Performance for FY2016 ended March 31, 2017 (from April 1, 2016 to March 31, 2017)
(Unit: million yen)
Consolidated Business Performance (% of change from the corresponding period of previous year)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
FY2016 ended Mar. 31, 2017
1,587,085
-15.8%
58,365
-69.6%
55,688
-70.5%
53,134
-52.5%
FY2015 ended Mar. 31, 2016
1,884,656
-17.8%
192,008
11.8%
188,809
12.3%
111,936
16.8%
Note: Total comprehensive income
FY2016 ended March 31, 2017: 70,835 million yen (-21.2%) FY2015 ended March 31, 2016: 89,874 million yen (-28.6%)
Net profit per share
Diluted net profit per share
Ratio of net profit to
shareholders' equity
Ratio of ordinary profit to total assets
Ratio of operating profit to net
sales
FY2016 ended Mar. 31, 2017
23.02 yen
-
4.8%
2.5%
3.7%
FY2015 ended Mar. 31, 2016
46.68 yen
-
10.3%
8.4%
10.2%
Reference: Profit or loss on investment accounted for by equity method
FY2016 ended March 31, 2017: 3,583 million yen FY2015 ended March 31, 2016: 2,122 million yen
Total assets
Total net assets
Equity ratio
Net assets per share
As of Mar. 31, 2017
2,230,269
1,112,807
49.4%
479.74 yen
As of Mar. 31, 2016
2,251,518
1,115,172
48.9%
460.35 yen
Consolidated Financial Position
Reference: Shareholders' equity
As of March 31, 2017: 1,101,498 million yen As of March 31, 2016: 1,100,271 million yen
Consolidated Cash Flows
(Unit: million yen)
(Unit: million yen)
Cash flows from operating activities
Cash flows from investing activities
Cash flows from financing activities
Cash and cash equivalents at end of period
FY2016 ended Mar. 31, 2017
238,734
(204,873)
(70,899)
132,566
FY2015 ended Mar. 31, 2016
354,658
(236,406)
(75,418)
170,102
-
Dividend
Dividend per share (Unit: yen)
Total dividend payments (Full-year)
(Unit: million yen)
Payout ratio (Consolidated)
Dividend on equity
(Consolidated)
End of 1Q
End of 2Q
End of 3Q
End of 4Q
Full- year
FY2015 ended Mar. 31, 2016
-
5.00
-
6.00
11.00
26,291
23.6%
2.4%
FY2016 ended Mar. 31, 2017
-
5.50
-
5.50
11.00
25,256
47.8%
2.3%
FY2017 ending
Mar. 31, 2018 (Forecast)
-
5.50
-
27.50
-
45.7%
*Since the Company plans to carry out a share consolidation at a ratio of 5 common shares to 1 effective October 1, 2017, the dividend per share at end of 4Q of FY2017 ending March 31, 2018 (forecast) indicates the amount after taking into consideration the impact of the share consolidation, and the total full-year dividend is shown as "-". Without taking into consideration the share consolidation, the dividend per share at end of 4Q of FY2017 ending March 31, 2018 (forecast) will be 5.50 yen, and the full-year dividend per share will be 11.00 yen. Please see "Explanation related to appropriate use of results forecasts and other items warranting special mention" for details.
- Consolidated Results Forecast for FY2017 ending March 31, 2018 (April 1, 2017 - March 31, 2018)
(Unit: million yen) (% of change from the corresponding period of previous year)
Net sales
Operating profit
Ordinary profit
Net profit attributable to owners of parent
Net profit per share
Full-year
1,813,000
14.2%
82,000
40.5%
75,000
34.7%
55,000
3.5%
120.23 yen
*Net profit per share of the consolidated results forecast for FY2017 ending March 31, 2018 takes into consideration the impact of the share consolidation. Please refer to "Explanation related to appropriate use of results forecasts and other items warranting special mention" for details.
*Notes
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: 68 (Increased by 7 companies and decreased by 6 companies) Number of subsidiaries and affiliates accounted for by equity method: 8 (Increased by 1 company)
Change in accounting policies or estimates and retrospective restatements
Change in accounting policies in accordance with revision of accounting standards: Yes
Change in accounting policies other than item 1) above: No
Change in accounting estimates: No
Retrospective restatements: No
Note: Please see page 17 of the Attachment, "(5) Notes on consolidated financial statements: 2) Change in accounting policies or estimates and retrospective restatements" for details.
Number of issued shares (common stock)
(Unit: share)
1) Number of issued shares at end of period (including treasury stock):
Mar. 31, 2017
2,302,856,295
Mar. 31, 2016
2,396,778,295
2) Number of shares of treasury stock at end of period:
Mar. 31, 2017
6,826,541
Mar. 31, 2016
6,700,416
3) Average number of shares during period:
Apr. 2016- Mar. 2017
2,308,373,092
Apr. 2015- Mar. 2016
2,398,002,800
(Reference)
- Non-Consolidated Business Results for FY2016 ended March 31, 2017 (April 1, 2016 - March 31, 2017)
Non-Consolidated Business Performance
(Unit: million yen)
(% of change from the corresponding period of previous year)
Net sales
Operating profit
Ordinary profit
Net profit
FY2016 ended Mar. 31, 2017
1,408,452
-16.0%
29,486
-81.0%
37,034
-77.4%
68,777
-26.5%
FY2015 ended Mar. 31, 2016
1,677,345
-19.5%
155,028
22.9%
164,052
17.1%
93,566
-9.9%
Net profit per share
Diluted net profit per share
FY2016 ended Mar. 31, 2017
29.79 yen
-
FY2015 ended Mar. 31, 2016
39.02 yen
-
Total assets
Total net assets
Equity ratio
Net assets per share
As of Mar. 31, 2017
1,847,788
842,515
45.6%
366.94 yen
As of Mar. 31, 2016
1,810,657
840,020
46.4%
351.46 yen
Non-Consolidated Financial Position
Reference: Shareholders' equity
As of Mar. 31, 2017: 842,515 million yen As of Mar. 31, 2016: 840,020 million yen
(Unit: million yen)
- Non-Consolidated Results Forecast for FY2017 ending March 31, 2018 (April 1, 2017 - March 31, 2018)
(Unit: million yen) (% of change from the corresponding period of previous year)
Net sales
Operating profit
Ordinary profit
Net profit
Net profit per share
Full-year
1,606,000
14.0%
53,000
79.7%
53,000
43.1%
39,000
-43.3%
85.25 yen
*Net profit per share of the non-consolidated results forecast for FY2017 ending March 31, 2018 takes into consideration the impact of the share consolidation. Please refer to "Explanation related to appropriate use of results forecasts and other items warranting special mention" for details.
*Auditing procedures do not apply to the Consolidated Financial Results Bulletins.
* Explanation related to appropriate use of results forecasts and other items warranting special mention
The above forecasts are based on the information available at the time this report was prepared, and Tokyo Gas makes no guarantee that these figures will be achieved. Actual results may differ from these forecasts for a variety of reasons. Please see page 6 of the Attachment "1. Overview of Business Performance, etc.: (2) Future outlook" for matters concerning the above forecasts.
The Company resolved at its board meeting on January 31, 2017 to submit the matter of share consolidation to the 217th annual shareholders meeting to be held on June 29, 2017, and plans to consolidate its common shares at a rate of 5 shares to 1 effective October 1, 2017 subject to approval at the annual shareholders meeting. The consolidated results forecast, non-consolidated results forecast, and dividend forecast for FY2017 ending March 31, 2018 converted to the basis before taking the share consolidation into consideration are as follows:
Consolidated results forecast for FY2017 ending March 31, 2018 Net income per share: 24.05 yen
Non-consolidated results forecast for FY2017 ending March 31, 2018 Net income per share: 17.05 yen
Dividend forecast for FY2017 ending March 31, 2018 Dividend per share: 11.00 yen
The information related to this Financial Results will be posted on the Web site of the Company.
Contents of Attachment
- Overview of Business Performance, etc. 2
Overview of business performance and financial position of FY2016 2
Future outlook 6
- Group Companies 7
- Basic Concept Regarding Selection of Accounting Standards 8
- Consolidated Financial Statements and Main Notes 9
Consolidated balance sheets 9
Consolidated statements of income and comprehensive income 11
(Consolidated statement of income) 11
(Consolidated statement of comprehensive income) 12
Consolidated statements of changes in net assets 13
Consolidated statements of cash flows 15
Notes on consolidated financial statements 17
(Note on going concerns' premise) 17
(Change in accounting policies or estimates and retrospective restatements) 17
(Segment information, etc.) 17
(Per share information) 20
(Material subsequent events) 20
- Non-Consolidated Financial Statements 21
Balance sheets 21
Statements of income 23
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Tokyo Gas Co. Ltd. published this content on 28 April 2017 and is solely responsible for the information contained herein.
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