OREANDA-NEWS. Tokyo Gas Co., Ltd. hereby announces that at a meeting held on January 29, 2016 the Board of Directors resolve to revise the dividend forecasts per share.

Reasons for the Revision Tokyo Gas have set a target for the total payout ratio to shareholders (dividends plus treasury stock repurchases as a percentage of consolidated net income) of roughly 60% in each year until fiscal 2020 and returned profits to shareholders through a combination of dividends and treasury stock repurchases.

Considering the performance trends, the Company has revised the year-end dividend forecast for the year ended on March 31,2016 up to JPN 6 through increasing it by JPN 1 per share (annual dividend will be JPN 11 including 2Q-end dividend JPN 5)