Osaka Gas (9532) Q3 2026 earnings summary

Executive summary

• Net sales for 3Q FY2026.3 were largely flat year-over-year at ¥1,438.8B, while ordinary profit rose significantly, driven by strong International Energy performance and time-lag gains in Domestic Energy.

• Profit attributable to owners of parent increased by ¥49.5B YoY to ¥140.3B, reflecting extraordinary income from gains on sale of shares in subsidiaries and associates.

• Comprehensive income rose to ¥127.3B, up 60.4% YoY.

Financial highlights

• 3Q FY2026.3 net sales: ¥1,438.8B (down ¥5.3B YoY); ordinary profit: ¥163.1B (up ¥37.6B YoY); EBITDA: ¥259.3B (up ¥45.2B YoY); EPS: ¥357.97 (up ¥133.52 YoY).

• Operating profit for the nine months was ¥133.7B, up 34.4% YoY.

• Free cash flow for 3Q: ¥49.3B, a significant improvement from -¥70.2B in the prior year.

• Total assets at 3Q end: ¥3,326.7B; shareholders' equity: ¥1,732.5B.

• Net assets totaled ¥1,779.8B, with a shareholders' equity ratio of 52.1%.

Outlook and guidance

• FY2026.3 full-year forecasts for net sales, operating profit, ordinary profit, and profit attributable to owners of parent remain unchanged from previous guidance.

• Net sales projected at ¥2,050.0B (down ¥19.0B YoY); ordinary profit at ¥186.0B (down ¥3.6B YoY); profit attributable to owners of parent at ¥142.0B (up ¥7.5B YoY); EPS forecast at ¥363.17.

• Annual dividend forecast raised to ¥120 per share (up ¥25 YoY).