Komori
Results presentation9532OSAKA GAS CO.,LTD.Electricity and gas

Daigas Group Fiscal Year Ending March 2027 Second-Quarter Results Presentation Materials

In the second quarter of the fiscal year ending March 2027, revenue increased, while ordinary income and net income declined due to time-lag losses caused by higher crude oil prices. For the full year, the forecast for ordinary income excluding the time-lag impact was raised by ¥29 billion and the net income forecast by ¥20.6 billion, and the crude oil price and foreign exchange assumptions were also revised.

Worth reading
69In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
290
¥100 million (increase from the previous full-year forecast for ordinary income excluding the time-lag impact)
Wording
Conditional
How definitive the wording is.

Contents of this document

Results presentationSecond quarter (interim period) of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥10,253 100 million
Ordinary income¥827 100 million
Net income¥666 100 million
Full-year earnings forecast
Net Sales
¥22,540 100 million
Ordinary income
¥1,900 100 million
Profit attributable to owners of the parent
¥1,450 100 million
EBITDA
¥3,370 100 million
ROIC
5.3 %
ROE
8 %
Dividend
¥130 per share
Ordinary income excluding time-lag effects
¥2,260 100 million
Net income attributable to owners of the parent excluding time-lag effects
¥1,705 100 million
ROIC excluding time-lag effects
6.2 %
ROE excluding time-lag effects
9.4 %
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Time lag¥-450 100 million
  • Gross profit from the gas business¥123 100 million
  • US, Australia and other businesses¥152 100 million
  • Urban development, information and materials¥36 100 million
  • Segment adjustments¥-38 100 million
  • Non-operating income and expenses¥43 100 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Crude oil price (JCC)
$100 /bbl
Period CoveredOctober 2026 to March 2027
Exchange rate
¥155 /$
Period CoveredOctober 2026 to March 2027
Temperature and water-temperature sensitivity of residential gas sales volume
-7 % per +1°C in air and water temperature
New initiatives
  • Develop a four-year medium-term management plan for fiscal years 2027–2030
  • Expand electricity sales volumes, renewable energy PPAs, diversify rate plans, and roll out the solutions business nationwide
  • Strengthen energy and cybersecurity resilience
  • Reinvest in growth areas, DX and AI
  • Consider establishing strategic investment and flexible capital allocation frameworks
Key KPIsA metric the company considers important as a management benchmark.
  • Domestic gas sales volume2,947 million m³
  • Number of gas supply accounts5,165 thousand cases
  • Domestic electricity sales volume8,977 million kWh
  • Number of low-voltage electricity supply accounts1,968 thousand cases
  • U.S. shale gas production volume213 10,000 tonnes
  • City gas sales volume in India367 million m³
  • Growth investment¥920 100 million
  • Number of customer accounts1,089 ten thousand items
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Residential gas sales volume
554 million m³
Commercial and other gas sales volume
2,393 million m³
Retail electricity sales volume
3,656 million kWh
Wholesale and other electricity sales volume
5,322 million kWh
Segment results
Domestic Energy
Ordinary income
¥-22 100 million
Year-on-year change
¥-423 100 million
Overseas Energy
Ordinary income
¥605 100 million
Year-on-year change
¥154 100 million
LBS
Ordinary income
¥202 100 million
Year-on-year change
¥36 100 million
Other
Ordinary income
¥41 100 million
Year-on-year change
¥5 100 million
Medium-term management plan targets
ROIC
5 %
ROE
8 %
Equity ratio
45 % or higher
D/E ratio
0.8 or lower
Early 2030s ROIC
6 Approximately %
Early 2030s ROE
10 Approximately %
Financial targets
Equity ratio
Target45% or higher
Actual results52.3 % as of the end of the second quarter of the fiscal year ending March 2027
D/E ratio
Target0.8 or lower
Actual results0.61 times as of the end of the second quarter of the fiscal year ending March 2027
ROIC
Target5 % full-year forecast, including the time-lag impact
Actual results5.3 % full-year forecast, including the time-lag impact
ROE
Target8 % full-year forecast, including the time-lag impact
Actual results8 % full-year forecast, including the time-lag impact
Annual Dividend
Annual¥130 per share
Acquisition of treasury shares
¥800 100 million
PeriodAcquisition amount limit through 31 March 2027, including acquisitions completed by 24 April 2026
Contents of this document
ItemDetails
Document typeResults presentation
Fiscal Period CoveredSecond quarter (interim period) of the fiscal year ending March 2027
Net Sales¥10,253 100 million
Ordinary income¥827 100 million
Net income¥666 100 million
Full-year earnings forecastNet Sales ¥22,540 100 million / Ordinary income ¥1,900 100 million / Profit attributable to owners of the parent ¥1,450 100 million / EBITDA ¥3,370 100 million / ROIC 5.3 % / ROE 8 % / Dividend ¥130 per share / Ordinary income excluding time-lag effects ¥2,260 100 million / Net income attributable to owners of the parent excluding time-lag effects ¥1,705 100 million / ROIC excluding time-lag effects 6.2 % / ROE excluding time-lag effects 9.4 %
Segment resultsDomestic Energy Ordinary income ¥-22 100 million / Year-on-year change ¥-423 100 million / Overseas Energy Ordinary income ¥605 100 million / Year-on-year change ¥154 100 million / LBS Ordinary income ¥202 100 million / Year-on-year change ¥36 100 million / Other Ordinary income ¥41 100 million / Year-on-year change ¥5 100 million
Breakdown of Factors Affecting the ChangeFactors Time lag / Amount ¥-450 100 million, Factors Gross profit from the gas business / Amount ¥123 100 million, Factors US, Australia and other businesses / Amount ¥152 100 million, Factors Urban development, information and materials / Amount ¥36 100 million, Factors Segment adjustments / Amount ¥-38 100 million, Factors Non-operating income and expenses / Amount ¥43 100 million
Key KPIsIndicator name Domestic gas sales volume / Value 2,947 million m³, Indicator name Number of gas supply accounts / Value 5,165 thousand cases, Indicator name Domestic electricity sales volume / Value 8,977 million kWh, Indicator name Number of low-voltage electricity supply accounts / Value 1,968 thousand cases, Indicator name U.S. shale gas production volume / Value 213 10,000 tonnes, Indicator name City gas sales volume in India / Value 367 million m³, Indicator name Growth investment / Value ¥920 100 million, Indicator name Number of customer accounts / Value 1,089 ten thousand items
Unit price and quantity metricsResidential gas sales volume 554 million m³ / Commercial and other gas sales volume 2,393 million m³ / Retail electricity sales volume 3,656 million kWh / Wholesale and other electricity sales volume 5,322 million kWh
Assumptions Underlying the Business OutlookCrude oil price (JCC) $100 /bbl / Exchange rate ¥155 /$ / Temperature and water-temperature sensitivity of residential gas sales volume -7 % (per +1°C in air and water temperature)
Medium-term management plan targetsROIC 5 % / ROE 8 % / Equity ratio 45 % or higher / D/E ratio 0.8 or lower / Early 2030s ROIC 6 Approximately % / Early 2030s ROE 10 Approximately %
Financial targetsEquity ratio Target 45% or higher / Actual results 52.3 % (as of the end of the second quarter of the fiscal year ending March 2027) / D/E ratio Target 0.8 or lower / Actual results 0.61 times (as of the end of the second quarter of the fiscal year ending March 2027) / ROIC Target 5 % (full-year forecast, including the time-lag impact) / Actual results 5.3 % (full-year forecast, including the time-lag impact) / ROE Target 8 % (full-year forecast, including the time-lag impact) / Actual results 8 % (full-year forecast, including the time-lag impact)
Annual DividendAnnual ¥130 per share / Interim Not disclosed / End of period Not disclosed
Acquisition of treasury sharesAmount ¥800 100 million / Period Acquisition amount limit through 31 March 2027, including acquisitions completed by 24 April 2026
New initiativesDevelop a four-year medium-term management plan for fiscal years 2027–2030, Expand electricity sales volumes, renewable energy PPAs, diversify rate plans, and roll out the solutions business nationwide, Strengthen energy and cybersecurity resilience, Reinvest in growth areas, DX and AI, Consider establishing strategic investment and flexible capital allocation frameworks
Items this document does not state (15)
Operating profitGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout ratioCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

In the second quarter, revenue increased as electricity sales volumes rose in the domestic energy business, while time-lag losses associated with higher crude oil prices weighed on ordinary income. Profit excluding the time-lag impact increased due to improved competitiveness of long-term LNG contracts and higher earnings from the US and Australian businesses. The full-year forecast was raised due to improved competitiveness of long-term LNG contracts, higher earnings at the US Freeport liquefaction facility and higher earnings from the Australian upstream business.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Daigas Group Fiscal Year Ending March 2027 Second-Quarter Results Presentation Materials | OSAKA GAS CO.,LTD. (9532) timely disclosure | Komori