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Osaka Gas Co
(9532)
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Rating:66Neutral
Price Target:
¥5,851.00
▲(5.94% Upside)
Action:Reiterated
Date:08/11/26
The score is driven primarily by improved financial performance (stronger profitability, better leverage, and rebounding cash flow), tempered by weak technical momentum (negative MACD and price below multiple moving averages). Valuation is supportive but not compelling, with a reasonable P/E and moderate dividend yield.
Positive Factors
Profitability Recovery
The substantial margin recovery and steadily rising EBIT and net income indicate improved earnings quality and operating performance. If sustained, stronger profitability can provide greater resilience against procurement costs and support investment in the utility network.
Negative Factors
Weak Revenue Momentum
Several years of flat-to-declining revenue limit the company’s structural growth profile, even as margins improve. Persistent top-line weakness may constrain operating leverage and make future profit gains more dependent on cost control or favorable procurement spreads.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability Recovery
The substantial margin recovery and steadily rising EBIT and net income indicate improved earnings quality and operating performance. If sustained, stronger profitability can provide greater resilience against procurement costs and support investment in the utility network.
Read all positive factors
Osaka Gas Co (9532) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.14T
Dividend Yield2.14%
Average Volume (3M)828.48K
Price to Earnings (P/E)15.5
Beta (1Y)0.49
Revenue Growth-1.54%
EPS Growth-5.29%
CountryJP
Employees21,835
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)361.94
Shares Outstanding383,176,500
10 Day Avg. Volume826,580
30 Day Avg. Volume828,480
Financial Highlights & Ratios
PEG Ratio0.94
Price to Book (P/B)1.38
Price to Sales (P/S)1.23
P/FCF Ratio24.38
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)372.01
Revenue Forecast (FY)¥2.20T
Osaka Gas Co Business Overview & Revenue Model
Company Description
Osaka Gas Co., Ltd. (9532) is a Japanese utility company that supplies city gas and related energy services, primarily in the Kansai region. The company’s core business centers on the procurement (including LNG), manufacturing, distribution, and r...
How the Company Makes Money
Osaka Gas generates revenue primarily by selling energy and related services. Its core earnings are from (1) city gas sales: it procures fuel (such as LNG and other gas feedstocks), operates LNG receiving/storage and gas pipeline infrastructure, a...
Osaka Gas Co Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.04T | 2.03T | 2.07T | 2.08T | 2.28T | 1.59T |
| Gross Profit | 422.09B | 437.52B | 405.58B | 410.37B | 282.22B | 314.77B |
| EBITDA | 321.44B | 358.02B | 339.29B | 343.11B | 224.74B | 246.41B |
| Net Income | 139.91B | 152.75B | 134.41B | 132.68B | 57.11B | 130.42B |
Balance Sheet | ||||||
| Total Assets | 3.49T | 3.32T | 3.20T | 2.98T | 2.82T | 2.59T |
| Cash, Cash Equivalents and Short-Term Investments | 178.64B | 58.98B | 82.81B | 77.67B | 85.09B | 131.09B |
| Total Debt | 795.48B | 794.22B | 972.42B | 913.00B | 902.53B | 785.08B |
| Total Liabilities | 1.61T | 1.47T | 1.46T | 1.38T | 1.40T | 1.29T |
| Stockholders Equity | 1.83T | 1.81T | 1.69T | 1.58T | 1.39T | 1.27T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 102.20B | 72.83B | 137.96B | -138.51B | -28.10B |
| Operating Cash Flow | 0.00 | 340.74B | 283.68B | 312.61B | 33.57B | 145.35B |
| Investing Cash Flow | 0.00 | -241.63B | -233.75B | -215.56B | -203.63B | -161.46B |
| Financing Cash Flow | 0.00 | -129.40B | -55.96B | -110.51B | 119.31B | -21.18B |
Osaka Gas Co Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥73.24B | 7.53 | ― | 2.88% | 1.28% | -11.88% | |
72 Outperform | ¥316.45B | 21.67 | 22.86% | 3.28% | 5.57% | 18.57% | |
66 Neutral | ¥2.14T | 15.46 | 8.93% | 2.17% | -1.54% | -5.29% | |
66 Neutral | ¥92.23B | 10.22 | 6.54% | 3.61% | -3.23% | 12.39% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | ¥2.03T | 12.70 | 13.96% | 1.75% | 6.07% | 11.20% | |
59 Neutral | ¥447.21B | 18.27 | 6.82% | 1.86% | -5.50% | -8.68% |
* Utilities Sector Average
JP:9532
Osaka Gas Co
5,618.00
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36.26%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.