Notice of Revision of Dividend Forecasts for the year ended on March 31, 2022[PDF]
October 28, 2021 at 01:12 am
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October 28, 2021
Tokyo Gas Co., Ltd.
UCHIDA Takashi,
Representative Corporate Executive Officer, President and CEO (Securities code: 9531, TSE 1 & NSE 1) NAKAJIMA Kei,
General Affairs Group Manager
Press Release
Notice of Revision of Dividend Forecasts for the year ended on March 31, 2022
Tokyo Gas Co., Ltd. ("Tokyo Gas") hereby announces that it has decided to revise the dividend forecasts per share announced on July 28, 2021 as below.
1. Reasons for revision
Tokyo Gas has considered acquisition of treasury stock for retirement as one way of providing shareholder return in addition to dividends and set a target for total return ratio to shareholders (ratio of dividends on current consolidated net income and acquisition of own shares) of roughly 50% in each fiscal year up through FY 2022. Considering the performance trends, Tokyo Gas has revised the year-end dividend forecast for the year ended on March 31,2022 up to ¥35 through increasing it by ¥5 per share (annual dividend will be ¥65 including 2Q-end dividend ¥30)
2. Revision of Dividend Forecasts
Dividend per share (yen)
2Q-end
Year-end
Total
Previous forecast
30.00
60.00
(July 28, 2021)
Revised forecast
35.00
65.00
Results for the year ended
30.00
March 31, 2022
Results for the year ended
30.00
30.00
60.00
March 31, 2021
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Disclaimer
Tokyo Gas Co. Ltd. published this content on 28 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 October 2021 05:10:02 UTC.
Tokyo Gas Co., Ltd. specializes in production and distribution of natural gas. Net sales break down by activity as follows:
- production and distribution of natural gas (56.9%): 13billion m3 gas distributed in 2019/20;
- electric power distribution (22.4%);
- valves and gas pipes installation services (16.6%);
- real estate leasing (1.2%);
- other (0.5%): energy services, power distribution, natural gas transportation, etc.
The remaining sales (2.4%) are from international activities