Key Facts
• On October 30, Osaka Gas announced its 2025 midterm consolidated earnings.
• Net profit rose 86.7% year-on-year to ¥94.8 billion, a record high.
• LNG procurement price declines led to temporary profit margins.
• Revenue increased 1.0% to ¥959.1 billion due to higher domestic gas and electricity sales.
• Full-year profit forecast for March 2026 revised up from ¥127 billion to ¥142 billion.
• Revenue forecast adjusted from ¥2.04 trillion to ¥2.05 trillion.
• Dividend payout ratio raised from 3.0% to 3.5%; per-share dividend forecast increased to ¥120.
• CEO Masataka Fujiwara stated U.S. Alaska LNG development remains a future option.
• Alaska LNG project involves a 1,300 km pipeline and aims to export 20 million tons annually.
• Total investment for the Alaska project is estimated to exceed ¥6 trillion.
Summary
Osaka Gas achieved a record-breaking 86.7% increase in net profit for its 2025 midterm earnings, reaching ¥94.8 billion. This growth was driven by declining LNG procurement costs and increased domestic gas and electricity sales, which also boosted revenue by 1.0% to ¥959.1 billion. The company revised its full-year profit forecast for March 2026 to ¥142 billion and raised its revenue projection to ¥2.05 trillion. Shareholders will benefit from a higher dividend payout ratio of 3.5%, with a per-share dividend forecast of ¥120. CEO Masataka Fujiwara noted that while the U.S. Alaska LNG project is not an immediate priority, it remains a potential future energy source, contingent on favorable conditions. The Alaska project, with an estimated investment exceeding ¥6 trillion, plans to export 20 million tons of LNG annually to Asia, including Japan.
