1. Japan Stocks

  2. •

    Utilities

  3. •

    Regulated Gas
Osaka Gas Co., Ltd.

Osaka Gas Co., Ltd.

9532.T
Osaka Gas Co., Ltd.JP flagTokyo Stock Exchange
5,528.00
JPY
+13.00
- -
2.04TMarket Cap
Osaka Gas Co., Ltd.
9532.T
(Tokyo Stock Exchange)

Recent

price

5,528.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
2,791.16
3,108.98
3,313.98
3,632.82
3,671.68
3,176.99
2,845.89
3,116.86
3,299.09
3,291.72
3,280.89
3,826.92
5,473.34
5,033.4
5,130.6
5,199.01
2,666.74
Revenue per Share
108.08
108.55
125.99
100.21
184.31
202.64
147.29
90.71
80.8
100.5
194.47
313.69
137.39
320.6
333.31
391.15
106.26
Basic EPS, GAAP
135.7
64.25
47.48
71.68
101.46
394.75
134.81
215.62
-88.8
135.03
89.09
-102.57
-386.31
302.63
703.45
872.54
- -
Free Cash Flow per Basic Share
37.84
39.98
40
45
45.03
50.01
50.01
50.01
50.02
50.02
50.01
54.98
59.97
62.73
98.06
108.12
- -
Dividend per Share
1,484.83
1,585.93
1,672.58
1,727.89
1,876.64
2,029.62
2,127.58
2,168.82
2,199.67
2,247.44
2,390.52
2,669.92
2,747.95
2,972.24
3,236.5
3,570.76
3,091.23
Book Value per Share
1,524.57
1,610.69
1,718.72
1,773.09
1,970.64
2,033.48
2,198.13
2,282.04
2,226.26
2,235.09
2,445.29
2,888.23
3,156.48
3,614.27
4,083.9
4,545.09
3,935.69
Tangible Book Value per Share
425
416
416
416
416
416
416
416
416
416
416
416
416
414
403
391
408
Basic Weighted Avg Shares
1,187,142
1,294,781
1,380,060
1,512,581
1,528,164
1,322,012
1,183,846
1,296,238
1,371,863
1,368,689
1,364,106
1,591,120
2,275,113
2,083,050
2,069,019
2,030,302
1,087,357
Sales/Revenue/Turnover
7.46
5.97
6.14
6.57
6.88
11.09
8.21
6.03
4.96
6.12
8.25
6.23
2.64
8.28
7.77
8.61
6.97
Operating Margin (%)
97,569
93,624
82,818
83,806
87,785
86,747
86,206
88,722
99,745
91,925
101,444
108,902
119,823
123,565
127,549
135,138
- -
Depreciation Expense
45,968
45,207
52,467
41,725
76,709
84,324
61,271
37,724
33,601
41,788
80,857
130,421
57,110
132,679
134,414
152,751
43,328
Net Income, GAAP
41.34
37.49
35.11
45.03
35.25
30.86
30.99
39.98
29.81
39.05
22.89
- -
30.05
31.57
28.64
24.72
38.4
Effective Tax Rate (%)
3.87
3.49
3.8
2.76
5.02
6.38
5.18
2.91
2.45
3.05
5.93
8.2
2.51
6.37
6.5
7.52
3.98
Profit Margin (%)
136,548
157,596
135,015
162,995
253,800
217,300
219,793
179,139
178,982
247,707
260,563
307,461
321,138
368,543
402,994
378,670
375,273
Working Capital
460,163
459,585
424,923
486,627
550,514
485,563
462,645
408,239
512,407
653,750
688,258
715,500
811,534
814,587
864,938
794,219
885,753
LT Debt
688,695
708,904
774,317
828,565
918,869
935,786
991,870
1,028,799
1,035,044
1,027,667
1,114,597
1,296,089
1,417,178
1,604,992
1,739,291
1,854,028
1,715,626
Total Equity
4.23
3.92
4.37
4.1
4.66
6.74
4.5
3.14
3.12
3.12
4.91
- -
1.98
5.08
4.57
5.01
1.83
Return on Invested Capital (%)
4.26
4.14
4.65
3.48
6.06
6.53
4.74
3.01
2.66
3.1
5.19
- -
3.39
6.97
6.74
7.32
2.15
Return on Capital (%)
7.32
7
7.73
5.89
10.22
10.37
7.08
4.22
3.7
4.52
8.39
12.4
5.07
11.19
10.6
11.32
3.49
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
- -
- -
47,443
LT Borrowings
814,587
- -
885,753
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
409
- -
403
Market Capitalization
1,409,980
1,444,649
1,314,577

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
762,479
- -
862,324
Cash, Cash Equivalents & STI
77,668
- -
182,933
Accounts Receivable, Net
270,527
- -
241,984
Inventories
211,828
- -
234,081
Total Current Liabilities
393,936
- -
487,051
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
47,443
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.19%
10.77%
6.6%
Free Cash Flow
-40.32%
6%
20.11%
Net Income, GAAP
19.35%
30.47%
13.64%
Sales/Revenue/Turnover
5.3%
9.73%
-1.87%
Total Cash Common Dividend
- -
16.45%
6.77%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
512,611
483,082
514,454
572,903
2,083,050
2025
- -
- -
- -
- -
2,069,019
2026
- -
- -
- -
- -
2,030,302

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
145.69
- -
- -
- -
320.6
2025
- -
- -
- -
- -
333.31
2026
- -
- -
- -
- -
391.15

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
62.73
2025
- -
- -
- -
- -
98.06
2026
- -
- -
- -
- -
108.12
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Business
Osaka Gas Co., Ltd. engages in the production, supply, and sale of natural gas, electricity, and other energy products primarily in the Kansai region of Japan, including Osaka, Kyoto, and Hyogo. Its main products and services include city gas supply; sale of gas appliances; gas pipe installation; LNG and LPG sales; industrial gas sales; power generation and electricity sales; and international energy development and investment, including LNG transport and upstream oil and gas assets in countries such as Norway, Australia, and Oman. The company also operates in life and business solutions sectors, providing real estate development and leasing, information processing services, and sales of fine and carbon materials. Founded in 1897 and headquartered in Osaka, Japan, the company operates under its group brand Daigas Group since 2018. Recently, Osaka Gas signed a long-term Heads of Agreement with ADNOC for the supply of up to 0.8 million metric tonnes per annum of LNG, marking a significant strategic partnership to enhance LNG procurement stability, support energy transition to lower carbon sources, and progress toward net-zero targets. Additionally, in late 2023, it made joint investments in companies managing renewable energy infrastructure assets, reflecting increased focus on renewable energy and infrastructure. The company’s subsidiaries include Osaka Gas Chemicals Co., Ltd., which manufactures specialty chemicals, carbon fiber, and fine materials. These strategic moves and diversified energy portfolio position Osaka Gas as a comprehensive energy provider with both domestic and international operations.