TOKYO, May 08 (Pulse News Wire) – Osaka GAS CO.,LTD. (9532.T) reported strong operating profit of ¥2.045 billion for the fiscal year ending March 2026, marking a 148% increase compared to the previous year.
Despite domestic energy sales declining due to lower gas prices, overseas operations, particularly in the United States, contributed significantly to the overall growth. The company also revised its outlook for the next fiscal year, projecting a slight decrease in operating profit to ¥1.9 billion amid challenges such as reduced power trading margins and increased operational costs. However, the firm remains committed to achieving its medium-term targets and enhancing shareholder returns through strategic initiatives.
In addition, Osaka Gas announced plans to repurchase up to ¥80.00 billion worth of shares over approximately one year, beginning on May 11, 2026 and ending on March 31, 2027. This move aligns with the company's strategy to boost shareholder value and maintain robust capital ratios. The dividend payout ratio will remain consistent with the previously stated policy, aiming for a dividend per share of ¥130, representing a 10-yen increase from the previous year.
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