Osaka GAS Decides to Repurchase Own Shares Up to ¥80 Billion

TOKYO, May 08 (Pulse News Wire) – Osaka GAS CO.,LTD. (9532.T) announced today that its board of directors, held on May 08, resolved to repurchase up to 28 million shares shares of its own common stock based on the provisions of Article 165, Paragraph 3 of the Companies Act, which applies retroactively per Article 156 of the same act.

This decision is aimed at enhancing capital efficiency and shareholder returns according to the company's dividend policy. The total number of shares that may be repurchased represents 7.04% of the outstanding shares. The aggregate amount for the share repurchase is capped at ¥80.00 billion.

The repurchase period will run from May 11, 2026, through March 31, 2027. Additionally, while some of the acquired shares might be retained within necessary limits for employee stock compensation programs, the majority will generally be retired. As of April 30, 2026, the company had 15,076,694 shares of treasury stock out of a total of 397,881,800 outstanding shares.