TYO:9532

Osaka Gas' Fiscal Q1 Attributable Profit Plummets 27%

Osaka Gas (TYO:9532) posted a 27% year-over-year drop in attributable profit for the fiscal first quarter to 35.7 billion yen from 48.5 billion yen.Earnings per share were 93.38 yen, compared with 122.59 yen a year earlier, according to a Tokyo bourse filing on Thursday.Net sales rose 1.5% to 478.0 billion yen from 471.0 billion yen for the three months ended June 30.For the fiscal year ending March 31, 2027, the gas company expects an attributable profit of 145.0 billion yen.The company raised its full-year EPS forecast to 380.73 yen from 377.75 yen and net sales to 2.170 trillion yen from 2.070 trillion yen.The revision was due to the increase in city gas' unit selling price under the fuel cost adjustment system.For the current year, the company intends to distribute interim and year-end dividends of 65 yen per share apiece, an increase from the previous year.Shares of the company fell more than 2% in recent trade.

Iwai Cosmo Starts Osaka Gas at Outperform with 6,800 Yen Price Target

Osaka Gas (TYO:9532) has an average rating of buy and mean price target of 6,291.67 yen, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

Market Chatter: Japan Monitors LNG Supply Risks Amid Strike at Inpex's Ichthys Project

Japan is monitoring the impact of an ongoing strike at Inpex's (TYO:1605) Ichthys LNG project in Australia after a court rejected a bid to halt the action, Reuters reported on Wednesday, citing Industry Minister Ryosei Akazawa.Akazawa said the government remains in close contact with Inpex and is tracking labour negotiations, fuel procurement, and utilities' contingency measures to maintain stable energy supplies, the newswire said.The Offshore Alliance reportedly plans to extend the strike until July 6, potentially disrupting LNG shipments from the facility, which produces roughly 9.3 million tons annually, the publication said.The project is majority-owned by Inpex at 67.82%, with TotalEnergies, Taiwan's CPC, Osaka Gas(TYO:9532), Kansai Electric Power (TYO:9503), JERA and Toho Gas (TYO:9533) holding the remainder, the report said.Japanese utilities, including equity partners along with Kyushu Electric (TYO:9508) and Tokyo Gas( TYO:9531), collectively purchase about 5.7 million tons per year from the project, it said.Inpex declined to comment on the strike's effect on production or shipment volumes, the news agency said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Nomura Upgrades Osaka Gas to Buy from Neutral; Price Target is 7,420 Yen

Osaka Gas' Full-Year Profit Climbs 14%

Osaka Gas' (TYO:9532) profit attributable to owners of the parent rose 14% to 152.8 billion yen in the fiscal year ended March 31 from 134.4 billion yen a year earlier.The electric services company's earnings per share increased to 391.15 yen from 333.31 yen a year ago, according to a Tokyo bourse filing on Friday.Net sales dropped 1.9% to 2.030 trillion yen from 2.069 trillion yen in the prior year.Osaka Gas declared a final dividend of 60 yen per share, payable June 1.For the fiscal year ending March 31, 2027, the company expects attributable profit of 145 billion yen, EPS of 377.75 yen, and net sales of 2.070 trillion yen.Osaka Gas plans to pay interim and year-end dividends of 65.00 yen per share each for the year, higher than the amount paid in the year-ago period.