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Osaka Gas (9532) investor relations material
Osaka Gas Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Ordinary profit and profit attributable to owners increased year-over-year, driven by strong International Energy performance, especially in the U.S., offsetting declines in domestic energy.
Net sales for FY ended March 31, 2026, decreased 1.9% YoY to ¥2,030.3 billion, mainly due to lower city gas prices under the fuel cost adjustment system.
ROIC and ROE improved, and the Medium-Term Management Plan is progressing as scheduled.
Comprehensive income grew 15.8% YoY to ¥221.3 billion.
Limited impact from Middle East instability on LNG procurement or energy supply; diversified sourcing and risk management in place.
Financial highlights
FY26.3 net sales: ¥2,030.3B (down ¥38.7B YoY); ordinary profit: ¥204.5B (up ¥14.8B YoY); profit attributable to owners: ¥152.7B (up ¥18.3B YoY).
EBITDA: ¥333.8B (up ¥24.9B YoY); EPS: ¥391.15 (up ¥57.84 YoY); shareholders’ equity per share: ¥4,705.00.
Operating profit increased 8.8% YoY to ¥174.8B; operating profit margin rose to 8.6%.
Free cash flow was ¥98.8B, up from ¥28.0B YoY.
Annual dividend: ¥120/share (up ¥25 YoY).
Outlook and guidance
FY27.3 forecasts: net sales ¥2,070.0B (+¥39.6B YoY), ordinary profit ¥190.0B (–¥14.5B YoY), profit attributable to owners ¥145.0B (–¥7.7B YoY).
Operating profit projected to fall 14.2% YoY to ¥150.0B; EPS forecasted at ¥377.75.
ROIC expected at 5.3%, ROE at 8.0%; annual dividend to rise to ¥130/share.
Share buyback up to ¥80B planned for FY27.3.
- Accelerating renewables, digital transformation, and global growth to achieve strong FY2027.3 targets.9532
Investor presentation16 Mar 2026 - Profit surged on U.S. energy and time-lag gains; guidance and dividend raised.9532
Q3 20262 Feb 2026 - Profits surged on time-lag gains; outlook and dividends raised, share buyback ongoing.9532
Q2 202630 Oct 2025 - Profit jumped on cost timing and LNG, but full-year outlook remains cautious.9532
Q1 202631 Jul 2025 - Profits dropped on lower LNG sales, but guidance and share buybacks remain steady.9532
Q2 202513 Jun 2025 - Profits dropped on lower gas prices and time-lag profit, but guidance and dividend are steady.9532
Q1 202513 Jun 2025 - Profits fell on lower LNG and gas sales, but guidance and shareholder returns are steady.9532
Q3 20256 Jun 2025 - Profit rose on asset sales, but further declines are forecast for FY2026.9532
Q4 20256 Jun 2025
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