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OSAKA GAS, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 13%, Dividend Revised Upward by 15 Yen

Thu Oct 30, 2025 3:00 pm JST Earnings

9532 OSAKA GAS CO.,LTD. 【J-GAAP】

Earnings Report

OSAKA GAS CO.,LTD. <9532> [TSE Prime] announced its financial results in the afternoon session on October 30th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 105 billion yen, an increase 46.7% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 12.7%, from the previous forecast of 165 billion yen to 186 billion yen (compared to 189 billion yen in the previous period), and the declining rate is expected to decrease from 13.0% to 1.9%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop 31.6% from the same period last year to 80.5 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 105 yen to 120 yen (compared to 95 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased 63.6% from the same period last year, reaching 46.1 billion yen. The operating profit margin significantly improved from 5.5% in the same period last year to 8.6%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 995,693 96,731 123,851 89,351 214.9 54.7 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 950,110 54,939 71,869 50,797 125.0 37.9 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 959,167 89,669 105,461 94,855 240.7 56.7 Oct 30, 2025 J-GAAP
YoY +1.0% +63.2% +46.7% +86.7% +92.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 52.50 May 8, 2025 J-GAAP
Apr - Sep, 2025 Results 959,167 89,669 105,461 94,855 240.7 60 Oct 30, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 2,040,000 139,000 165,000 127,000 326.7 105 May 8, 2025 J-GAAP
Mar, 2026 New 2,050,000 160,000 186,000 142,000 365.3 120 Oct 30, 2025 J-GAAP
Revision Rate +0.5% +15.1% +12.7% +11.8% +11.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 1,118,909 105,792 117,778 83,617 207.4 47.50 May 8, 2025 J-GAAP
Oct - Mar, 2025 Guidance 1,090,833 70,331 80,539 47,145 121.3 60 Oct 30, 2025 J-GAAP
YoY -2.5% -33.5% -31.6% -43.6% -41.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 2,083,050 172,553 226,563 132,679 320.6 82.50 May 8, 2024 J-GAAP
Mar, 2025 2,069,019 160,731 189,647 134,414 333.3 95 May 8, 2025 J-GAAP
Mar, 2026 Guidance 2,050,000 160,000 186,000 142,000 365.3 120 Oct 30, 2025 J-GAAP
YoY -0.9% -0.5% -1.9% +5.6% +9.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 479,182 26,189 28,196 20,008 49.3 5.5 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 494,021 44,568 53,657 40,085 99.0 9.0 Feb 3, 2025 J-GAAP
Jan - Mar, 2025 624,888 61,224 64,121 43,532 108.0 9.8 May 8, 2025 J-GAAP
Apr - Jun, 2025 470,993 47,679 59,341 48,521 122.6 10.1 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 488,174 41,990 46,120 46,334 117.6 8.6 Oct 30, 2025 J-GAAP
YoY +1.9% +60.3% +63.6% +131.6% +138.7%

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