Tokyo Gas: Surplus Allocation Notice

April 27, 2022

Company:

Tokyo Gas Co., Ltd.

Uchida Takashi,

Representing:

Representative Business Executive, President and Chief Executive Officer

(Security code: 9531, TSE Prime Market and NSE Prime Market)

NAGATOMO Osamu

Contact:

Director General, Legal Section, General Administration Department

Press release

Notice Regarding Allocation of Surplus

Tokyo Gas Co., Ltd., hereby gives notice that at a meeting held on April 27, 2022, the Board of Directors decided to allocate the excess funds, as specified below, in the form of dividends with a record date March 31, 2022.

1. Details of the proposed dividend

Proposed dividend

Prior projection for fiscal year 2021 ending March 2022 (announced January 28, 2022)

Actual dividend payments for the 2020 fiscal year ended March 2021

Registration Date

March 31, 2022

March 31, 2022

March 31, 2021

Divide by share

35 yen

35 yen

30 yen

Total dividend

15,392 million yen

13,229 million yen

Effective date

June 6, 2022

June 30, 2021

Source of funds

Retained earnings

Retained earnings

2. Reasons

Following the amendment of the articles of association on June 29, 2021, it became possible for the Company to determine the dividends based on the decision of its board of directors. In order return profits to the shareholders of the Company as soon as possible, it was decided at the meeting of the board of directors to pay the dividends earlier than before and to increase the dividend payment from 5 yen to 35 yen per share.

Tokyo Gas intends to continue to make dividend decisions at its board meeting and pay stable dividends to our shareholders as soon as possible in the future.

Annual dividend payments

Dividend per share (yen)

Registration Date

End of 1st half

End of the fiscal year

Full year

Financial year 2021 (actual)

30.00 yen

35.00 yen

65.00 yen

Financial year 2020 ended in March 2021

(real)

30.00 yen

30.00 yen

60.00 yen

Warning

Tokyo Gas Co.Ltd. published this content on April 27, 2022 and is solely responsible for the information contained therein. Distributed by Audienceunedited and unmodified, on April 27, 2022 05:04:17 UTC.

Comments are closed.