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Osaka Gas (9532) · InitiativeAdvancedLatest Revision of earnings forecasts (2026-07-30): "Other"

Entry into retail electricity sales and expansion of the power generation business

First written in FY2016. 25 of 34 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-07-30.

34entries
11years
2from disclosures
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How it moved
ProgressHeldSoftenedWorseAdvancedFY2017-Q1 – FY2022OtherFY2023-Q1 – FY2024-Q3AdvancedFY2025-H1 – FY20262016: 220162017: 220172018: 420182019: 420192020: 420202021: 420212022: 420222023: 420232024: 220242025: 120252026: 32026
Same theme, other companies
Integrated expansion of retail electricity and power generation businessesA theme 1 companies write about · 0 as a headwind · 1 as a tailwind

No other company in this theme has enough history to compare yet.

Full recordFilings, disclosures and news, newest first
  1. 2026-07-30OtherRevision of earnings forecasts

    「Retail 1,412 -3.1 Wholesale and other 2,329 +15.5 Total 3,741 +7.7」

    While retail electricity sales volume decreased, wholesale and other sales volume increased, bringing total electricity sales volume up 7.7% year on year.
  2. FY2026AdvancedAnnual report

    「In January 2026, Unit 1 of the Himeji Natural Gas Power Plant in Himeji, Hyogo Prefecture, with generating capacity of approximately 620,000 kW, was completed and began commercial operations. In May 2026, Unit 2, also with generating capacity of approximately 620,000 kW, was completed and began commercial operations.」

    The 2 units at the Himeji Natural Gas Power Plant in Japan were completed and began commercial operation.
  3. 2026-05-08AdvancedResults presentation

    「Electricity sales volume was reduced as procurement prices rose during the surge in energy prices in the fiscal year ending March 2023, but the company will expand sales volume following the start of operations at the Himeji Natural Gas Power Plant from the fiscal year ending March 2026 onward.」

    The company outlined a policy of expanding electricity sales volume following the start of operations at the Himeji Natural Gas Power Plant and raised its sales volume outlook for the fiscal year ending March 2027.
  4. FY2026-H1AdvancedAnnual report

    「The number of low-voltage electricity supply contracts increased 4.5% from the end of the previous fiscal year to 1.936 million, while electricity sales volume rose 3.3% year on year to 8.141 billion kWh as both wholesale and retail sales increased.」

    The number of supply contracts and sales volume for electricity retail, wholesale and other operations increased year on year, and the electricity business continued to expand.
  5. FY2025-H1AdvancedAnnual report

    「The number of low-voltage electricity supply contracts increased 5.2% from the end of the previous fiscal year to 1.853 million, while electricity sales volume rose 12.5% year on year to 7.878 billion kWh as both wholesale and retail sales increased.」

    Both scale indicators for electricity retail, wholesale and other operations exceeded the year-earlier period, and sales volume turned from a decline through the previous period to an increase.
  6. FY2024-Q3Continued increase in supply contracts and decrease in sales volumeAnnual report

    「The number of low-voltage electricity supply contracts increased 7.5% from the end of the third quarter of the previous fiscal year to 1.811 million, while electricity sales volume fell 6.7% year on year to 10.713 billion kWh, as the decline in sales to wholesale and other customers outweighed the increase in new retail customer acquisitions.」

    Although the number of low-voltage electricity retail supply contracts increased to 1.811 million, electricity sales volume fell 6.7% year on year due to lower sales volumes to wholesale and other customers.
  7. FY2024-Q2Continued increase in supply contracts and decrease in sales volumeAnnual report

    「The number of low-voltage electricity supply contracts increased 5.4% from the end of the second quarter of the previous fiscal year to 1.761 million, while electricity sales volume fell 8.7% year on year to 7.01 billion kWh, as the decline in sales to wholesale and other customers outweighed the increase in new retail customer acquisitions.」

    Although the number of low-voltage electricity retail supply contracts continued to increase, electricity sales volume fell 8.7% year on year due to lower sales volumes to wholesale and other customers.
  8. FY2024-Q1Continued increase in supply contracts and decrease in sales volumeAnnual report

    「The number of low-voltage electricity supply contracts increased 5.7% from the end of the first quarter of the previous fiscal year to 1.743 million, while electricity sales volume fell 15.7% year on year to 2.86 billion kWh, as the decline in sales to wholesale and other customers outweighed the increase in new retail customer acquisitions.」

    Although the number of electricity retail supply contracts increased to 1.743 million, electricity sales volume fell 15.7% year on year due to lower sales volumes to wholesale and other customers.
  9. FY2023Increase in supply contracts; decrease in sales volumeAnnual report

    「The number of low-voltage electricity supply contracts increased 5.8% from the end of the previous fiscal year to 1.707 million, while electricity sales volume fell 5.2% from the previous fiscal year to 15.883 billion kWh.」

    The scale indicators for electricity retail, wholesale and other operations showed an increase in supply contracts alongside a decrease in sales volume.
  10. FY2023-Q3Increase in supply contracts; decrease in sales volumeAnnual report

    「The number of low-voltage electricity supply contracts increased 5.8% from the end of the third quarter of the previous fiscal year to 1.685 million, while electricity sales volume fell 4.1% year on year to 11.487 billion kWh, as the decline in sales to wholesale and other customers outweighed the increase in new retail customer acquisitions.」

    The number of electricity retail supply contracts continued to increase, but electricity sales volume fell 4.1% year on year due to lower sales volumes to wholesale and other customers.
  11. FY2023-Q2Increase in supply contracts; decrease in sales volumeAnnual report

    「The number of low-voltage electricity supply contracts increased 6.6% from the end of the second quarter of the previous fiscal year to 1.67 million, while electricity sales volume fell 4.7% year on year to 7.668 billion kWh, as the decline in sales to wholesale and other customers outweighed the increase in new retail customer acquisitions.」

    Although the number of electricity retail supply contracts increased to 1.67 million, electricity sales volume fell 4.7% year on year.
  12. FY2023-Q1Increase in supply contracts; decrease in sales volumeAnnual report

    「The number of low-voltage electricity supply contracts increased 6.8% from the end of the first quarter of the previous fiscal year to 1.649 million, while electricity sales volume fell 3.3% year on year to 3.391 billion kWh, as the decline in sales to wholesale and other customers outweighed the increase in new retail customer acquisitions.」

    Although the number of low-voltage electricity supply contracts increased, electricity sales volume fell 3.3% year on year due to lower sales volumes to wholesale and other customers.
  13. FY2022AdvancedAnnual report

    「The number of low-voltage electricity supply connections increased 6.8% from the end of the previous fiscal year to 1.613 million, while electricity sales volume increased 3.9% from the previous fiscal year to 16.76 billion kWh.」

    The scale of electricity retail and wholesale sales, among other businesses, expanded, and the contribution from renewable energy power sources reached approximately 1.4 million kW.
  14. FY2022-Q3AdvancedAnnual report

    「The number of low-voltage electricity supply contracts increased 7.9% from the end of the third quarter of the previous fiscal year to 1.592 million, while electricity sales volume rose 4.8% year on year to 11.983 billion kWh, mainly due to higher wholesale sales.」

    The scale of electricity retail and wholesale sales, among other businesses, expanded, with low-voltage electricity supply contracts reaching 1.592 million and electricity sales volume reaching 11.983 billion kWh.
  15. FY2022-Q2AdvancedAnnual report

    「The number of low-voltage electricity supply contracts increased 10.0% from the end of the second quarter of the previous fiscal year to 1.567 million, while electricity sales volume rose 6.0% year on year to 8.047 billion kWh, mainly due to higher wholesale sales.」

    Low-voltage electricity supply contracts reached 1.567 million and electricity sales volume reached 8.047 billion kWh, expanding the scale of the electricity retail and wholesale businesses, among others.
  16. FY2022-Q1AdvancedAnnual report

    「The number of low-voltage electricity supply contracts increased 12.2% from the end of the first quarter of the previous fiscal year to 1.544 million, while electricity sales volume rose 6.7% year on year to 3.505 billion kWh, mainly due to an increase in new retail customer acquisitions.」

    The number of electricity retail supply contracts and sales volume increased, and the electricity retail business continued to grow.
  17. FY2021AdvancedAnnual report

    「The number of low-voltage electricity supply connections increased 14.2% from the end of the previous fiscal year to 1.51 million, while electricity sales volume increased 22.3% from the previous fiscal year to 16.133 billion kWh.」

    The number of electricity retail supply contracts and sales volume increased, while progress was made in developing natural gas-fired, biomass, wind and solar power sources and in securing long-term renewable energy procurement agreements.
  18. FY2021-Q3AdvancedAnnual report

    「The number of low-voltage electricity supply contracts increased 18.9% from the end of the third quarter of the previous fiscal year to 1.476 million, while electricity sales volume increased 21.6% from the same quarter of the previous year to 11.435 billion kWh, with both retail and wholesale sales increasing. Revenue increased ¥20.1 billion to ¥163.1 billion, owing to higher electricity sales volume, among other factors. As a result, segment profit increased ¥7.2 billion to ¥11.8 billion.」

    Higher retail and wholesale sales volume brought the number of supply contracts to 1.476 million, electricity sales volume to 11.435 billion kWh, revenue to ¥163.1 billion and segment profit to ¥11.8 billion.
  19. FY2021-Q2AdvancedAnnual report

    「The number of low-voltage electricity supply contracts increased 22.8% from the end of the second quarter of the previous fiscal year to 1.424 million, while electricity sales volume increased 19.6% from the same quarter of the previous year to 7.594 billion kWh, with both retail and wholesale sales increasing. Revenue increased ¥13.3 billion to ¥111.1 billion, owing to higher electricity sales volume, among other factors. As a result, segment profit increased ¥6.8 billion to ¥11.6 billion.」

    Higher retail and wholesale sales volume brought the number of supply contracts to 1.424 million, electricity sales volume to 7.594 billion kWh, revenue to ¥111.1 billion and segment profit to ¥11.6 billion.
  20. FY2021-Q1AdvancedAnnual report

    「The number of low-voltage electricity supply contracts increased 27.7% from the end of the first quarter of the previous fiscal year to 1.375 million, while electricity sales volume increased 18.0% from the same quarter of the previous year to 3.285 billion kWh, mainly due to higher retail sales volume. Revenue increased ¥5.1 billion to ¥46.3 billion, owing to higher electricity sales volume, among other factors. As a result, segment profit increased ¥2.6 billion to ¥3.7 billion.」

    The number of electricity retail supply contracts and sales volume increased, bringing revenue in the domestic energy and electricity business to ¥46.3 billion and segment profit to ¥3.7 billion.
  21. FY2020AdvancedAnnual report

    「The number of low-voltage electricity supply contracts increased 39.9% from the end of the previous fiscal year to 1.322 million, while electricity sales volume increased 13.2% to 13.189 billion kWh. In September 2019, 姫路天然ガス発電㈱ decided to construct a natural gas-fired power plant in Himeji, Hyogo Prefecture, with generating capacity of approximately 1.2 million kW and scheduled to commence commercial operations in 2026.」

    Electricity retail supply contracts and sales volume increased, and the construction of a natural gas-fired power plant with capacity of approximately 1.2 million kW was also approved.
  22. FY2020-Q3AdvancedAnnual report

    「The number of low-voltage electricity supply contracts increased 44.8% from the end of the third quarter of the previous fiscal year to 1.241 million, while electricity sales volume increased 10.6% from the same quarter of the previous year to 9.405 billion kWh, mainly due to higher retail sales volume. Revenue increased ¥13.9 billion to ¥145.4 billion, owing mainly to higher electricity sales volume accompanying the increase in low-voltage electricity supply contracts. Segment profit fell ¥0.6 billion to ¥4.5 billion, despite higher retail sales volume, due to low summer temperatures, lower unit sales prices resulting from rate reductions and unplanned power plant outages, among other factors.」

    The number of electricity retail supply contracts, sales volume and revenue increased. However, segment profit declined to ¥4.5 billion due to lower rates, lower unit sales prices and unplanned power plant outages, among other factors.
  23. FY2020-Q2AdvancedAnnual report

    「The number of low-voltage electricity supply contracts increased 50.6% from the end of the second quarter of the previous fiscal year to 1.16 million, while electricity sales volume increased 7.8% from the same quarter of the previous year to 6.349 billion kWh, mainly due to higher retail sales volume. Revenue increased ¥7.6 billion to ¥99.4 billion, owing mainly to higher electricity sales volume accompanying the increase in low-voltage electricity supply contracts. Segment profit fell ¥1.7 billion to ¥4.9 billion, despite higher retail sales volume, due to lower rates, higher operating expenses, low summer temperatures and unplanned power plant outages, among other factors.」

    The number of electricity retail supply contracts, sales volume and revenue increased, while segment profit declined due to lower rates, higher operating expenses, low temperatures and unplanned power plant outages, among other factors.
  24. FY2020-Q1AdvancedAnnual report

    「The number of low-voltage electricity supply contracts increased 53.3% from the end of the first quarter of the previous fiscal year to 1.077 million, while electricity sales volume increased 6.5% from the same quarter of the previous year to 2.783 billion kWh, mainly due to higher retail sales volume. Segment profit fell ¥1.0 billion to ¥1.1 billion, owing to lower unit sales prices resulting from rate reductions and higher operating expenses, among other factors.」

    The number of electricity retail supply contracts and sales volume increased, while segment profit declined to ¥1.1 billion due to lower unit sales prices resulting from rate reductions and higher operating expenses, among other factors.
  25. FY2019AdvancedAnnual report

    「The number of low-voltage electricity supply contracts increased 52.6% from the end of the previous fiscal year to 945,000, while electricity sales volume increased 6.4% to 11.653 billion kWh. In August 2018, ㈱CDエナジーダイレクト, a 50%-owned joint venture of the Company and Chubu Electric Power Company,Incorporated, began selling electricity and gas in the Tokyo metropolitan area.」

    Low-voltage electricity retail supply contracts reached 945,000 and electricity sales volume reached 11.653 billion kWh, while sales by the joint venture also began in the Tokyo metropolitan area.
  26. FY2019-Q3AdvancedAnnual report

    「The number of low-voltage electricity supply contracts increased 57.3% from the end of the third quarter of the previous fiscal year to 857,000, while electricity sales volume increased 10.0% from the same quarter of the previous year to 8.502 billion kWh, mainly due to higher retail sales volume. Revenue increased ¥23.4 billion to ¥131.4 billion, owing mainly to higher electricity sales volume accompanying the increase in low-voltage electricity supply contracts. Segment profit fell ¥8.0 billion to ¥5.2 billion, mainly due to the impact of lower electricity rates.」

    The number of electricity retail supply contracts, sales volume and revenue increased, while segment profit declined to ¥5.2 billion due to the impact of lower electricity rates, among other factors.
  27. FY2019-Q2AdvancedAnnual report

    「The number of low-voltage electricity supply accounts increased 63.0% from the end of the second quarter of the previous consolidated accounting period to 770,000, while electricity sales volume increased 17.2% from the same quarter of the previous year to 5.88 billion kWh, owing mainly to higher retail sales volume.」

    The number of electricity retail supply contracts and sales volume increased, and the electricity retail business continued to expand. However, segment profit declined due to the impact of lower electricity rates, among other factors.
  28. FY2019-Q1AdvancedAnnual report

    「The number of low-voltage electricity supply accounts increased 87.3% from the end of the first quarter of the previous consolidated accounting period to 702,000, while electricity sales volume increased 21.6% from the same quarter of the previous year to 2.614 billion kWh, owing mainly to higher retail sales volume.」

    The number of electricity retail supply contracts and sales volume increased year on year, and the electricity retail business continued to expand.
  29. FY2018AdvancedAnnual report

    「The number of low-voltage electricity supply contracts increased 103.1% from the end of the previous fiscal year to 619,000, while electricity sales volume increased 22.4% to 10.951 billion kWh. In April 2018, the Company and Chubu Electric Power Company,Incorporated each invested 50% to establish ㈱CDエナジーダイレクト, which sells electricity and gas in the Tokyo metropolitan area.」

    The number of electricity retail supply contracts and sales volume increased, and a joint sales company with Chubu Electric Power Company,Incorporated was established in the Tokyo metropolitan area.
  30. FY2018-Q3AdvancedAnnual report

    「② Domestic energy and electricity Revenue increased ¥35.2 billion from the same quarter of the previous year to ¥108.0 billion. Segment profit increased ¥2.7 billion to ¥13.2 billion.」

    Revenue and segment profit in the domestic energy and electricity business exceeded the same quarter of the previous year, demonstrating the expansion of the power business.
  31. FY2018-Q2AdvancedAnnual report

    「② Domestic energy and electricity Revenue increased ¥21.9 billion from the same quarter of the previous year to ¥70.8 billion. Segment profit increased ¥1.0 billion to ¥9.4 billion.」

    Higher sales volumes in the power business drove revenue and profit in the domestic energy and electricity segment above the same quarter of the previous year.
  32. FY2017AdvancedAnnual report

    「In March 2017, the Company acquired a 20% interest in the company operating the Shore Project, an operating natural gas-fired power generation business in New Jersey, US, with generating capacity of 725,000 kW, and joined the power generation business. It also acquired a 50% interest in the company operating the Fairview Project, a natural gas-fired power generation business under construction in Pennsylvania, US, and joined that power generation business.」

    The Company made a 20% investment in the operating Shore Project in the US and a 50% investment in the Fairview Project, which was under construction.
  33. FY2017-Q1AdvancedAnnual report

    「姫路天然ガス発電㈱ became a new subsidiary through the acquisition of its shares and has therefore been included among consolidated subsidiaries from the first quarter of the current consolidated accounting period.」

    The disclosure describes tangible progress in expanding the power generation business through the acquisition of shares in 姫路天然ガス発電㈱ and its conversion into a consolidated subsidiary.
  34. FY2016First statedAnnual report

    「The Company entered the electricity retail business following the full liberalisation of electricity retail. It began accepting applications in January 2016 and started supply in April 2016. (Number of applications as of the end of March 2016: 107,000.)」

    The disclosure gives the specific dates for accepting electricity retail applications and starting supply, as well as the 107,000 applications received.
Moved together

"Building a competitive power generation portfolio" moved the same way as this thread, in the same document, in 23 of its 34 moves.

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  1. ★This thread
  2. 1Building a competitive power generation portfolio23×
  3. 2Expanding the business scope through acquisitions and equity investments22×
  4. 3Expanding the marketer business in Japan and overseas21×
  5. 4Overseas Energy Supply and Services Businesses and Development of New Projects21×
  6. 5Streamlining the business portfolio through mergers and sales of consolidated subsidiaries17×
  7. 6Guarantees of indebtedness and guarantee-like transactions for non-consolidated companies14×

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Osaka Gas's next results are scheduled for 2026-10-29. Read the earnings preview It last moved in the Revision of earnings forecasts of 2026-07-30: "Other".
Entry into retail electricity sales and expansion of the power generation business | OSAKA GAS CO.,LTD. (9532) | Komori