Osaka Gas (9532) Investor presentation summary

Strategic direction and vision

• Medium-Term Management Plan 2026 focuses on securing peace of mind today and building sustainable lifestyles for tomorrow, with three key commitments: co-creating value for a sustainable future, supporting employees, and evolving the business foundation.

• Financial targets for FY2027.3 include ROIC of approximately 5%, ROE of approximately 8%, and a shareholders' equity ratio of 45% or more.

• Major non-financial targets include 7 million tons/year avoided emissions, 4 GW renewable energy development, 67% CO2 reduction in offices and vehicles, 10.9 million customer accounts, and 25% or more female directors.

Energy procurement, supply, and resilience

• No significant impact expected from Middle East instability on LNG procurement or energy supply; diversified sourcing and long-term contracts ensure stability.

• LNG procurement is diversified across regions, with no reliance on the Strait of Hormuz, and electricity supply is secured through owned power sources.

• LNG bunkering business to support maritime decarbonization launches in 2025–2026, with stable procurement ratios from Australia, the U.S., Papua New Guinea, and others.

Domestic energy business initiatives

• Expanding customer solutions beyond energy, increasing customer accounts, and extending geographic reach outside Kansai.

• Himeji Natural Gas Power Plant Units 1 & 2 (0.6 GW each) to begin operations in 2026, supporting energy transition.

• Renewable energy development to reach 4.61 GW by FY2026.3, exceeding targets ahead of schedule, with a 5 GW target for FY2031.3.

• Storage battery business targets 1.0 GW operational capacity by FY2031.3, with integrated value chain and R&D capabilities.

• Infrastructure resilience enhanced through new pipelines, earthquake countermeasures, and DX-driven safety improvements.