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Osaka Gas Co (9532) AI Stock Analysis

JP:9532

Osaka Gas Co

(TSE/TYO:9532)

Select Model
Rating:72Outperform
Price Target:JPY 6,618.00â–²(12.32% Upside)
Action:reiterated
Date:08/11/26

Osaka Gas demonstrates a strong financial foundation with improving profitability, a robust balance sheet, and solid cash generation. These strengths are partially offset by near-term technical weakness, as the stock trades below its moving averages with bearish momentum. Valuation is fair relative to the sector. The overall score of 72 reflects a favorable long-term outlook tempered by short-term price pressure.

Positive Factors
Profitability RecoveryMaterial margin expansion and rising EBIT and net income indicate that Osaka Gas has rebuilt earnings quality after the FY2023 weakness. Stronger profitability can support investment, debt service, and resilience across the next several quarters even without rapid revenue growth.
Negative Factors
Weak Revenue MomentumPersistent flat-to-declining revenue limits Osaka Gas's growth profile and places greater reliance on margin improvement for earnings progress. If delivered volumes or tariffs do not strengthen, the company may have less operating leverage to sustain profit growth over coming quarters.

Osaka Gas Co (9532) vs. iShares MSCI Japan ETF (EWJ)

-10%0%10%20%30%40%50%JP:9532+26.29%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 13.84B
Dividend Yield
2.12%
Average Volume (3M)
1.05M
Price to Earnings (P/E)
18.1
Beta (1Y)
0.45
Revenue Growth
0.88%
EPS Growth
-27.81%
Country
Japan
Employees
21,835
Sector
Utilities
Sector Strength
66
Industry
Regulated Gas

Osaka Gas Co Business Overview & Revenue Model

Company Description

Osaka Gas Co., Ltd., established in Osaka, Japan, in 1897, is a diversified energy provider offering gas, electricity, and various ancillary services both within Japan and internationally. The company's operations are structured into four primary seg...

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, and...

Osaka Gas Co Financial Statement Overview

Summary

Strong balance sheet with low debt (D/E 0.44), improving margins, and healthy cash flows. Slight revenue decline is a minor concern.

Income Statement

75Positive

Balance Sheet

85Very Positive

Cash Flow

80Positive
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue2.04T2.03T2.07T2.08T2.28T1.59T
Gross Profit422.09B437.52B405.58B410.37B282.22B314.77B
EBITDA321.44B358.02B339.29B343.11B224.74B246.41B
Net Income139.91B152.75B134.41B132.68B57.11B130.42B
Balance Sheet
Total Assets3.49T3.32T3.20T2.98T2.82T2.59T
Cash, Cash Equivalents and Short-Term Investments178.64B58.98B82.81B77.67B85.09B131.09B
Total Debt795.48B794.22B972.42B913.00B902.53B785.08B
Total Liabilities1.61T1.47T1.46T1.38T1.40T1.29T
Stockholders Equity1.83T1.81T1.69T1.58T1.39T1.27T
Cash Flow
Free Cash Flow0102.20B72.83B137.96B-138.51B-28.10B
Operating Cash Flow0340.74B283.68B312.61B33.57B145.35B
Investing Cash Flow0-241.63B-233.75B-215.56B-203.63B-161.46B
Financing Cash Flow0-129.40B-55.96B-110.51B119.31B-21.18B

Osaka Gas Co Technical Analysis

Technical Analysis SentimentPositive
Last Price5892.00

Price Trends

50DMA5731.25Positive
100DMA5559.05Positive
200DMA5749.05Positive

Market Momentum

MACD42.30Negative
RSI58.19Neutral
STOCH65.95Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9532, the sentiment is Positive. The current price of 5892.00 is above the 20-day moving average (MA) of 5718.30, above the 50-day MA of 5731.25, and above the 200-day MA of 5749.05, indicating a bullish trend. The MACD of 42.30 indicates Negative momentum. The RSI at 58.19 is Neutral, neither overbought nor oversold. The STOCH value of 65.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9532.

Osaka Gas Co Peers Comparison

Overall Rating

UnderperformOutperform
Sector (66)

Financial Indicators

JP:9532 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:9534JP:953474OutperformJPY 78.11B8.44―3.00%0.69%-22.03%
JP:9533JP:953373OutperformJPY 466.98B25.763.73%1.76%-2.49%-30.83%
JP:9532JP:953272OutperformJPY 2.25T18.096.91%2.12%0.88%-27.81%
Sector *66Neutral$17.65B18.105.60%3.62%6.62%11.55%
JP:8174JP:817462NeutralJPY 279.18B19.5922.07%8.06%7.75%9.01%
JP:9536JP:953662NeutralJPY 100.51B9.568.87%2.51%-5.67%20.75%
JP:9531JP:953150NeutralJPY 2.17T11.0711.52%1.84%3.63%14.06%

* Utilities Sector Average

Performance Comparison

0%20%40%JP:9532JP:8174JP:9533JP:9531JP:9536JP:9534Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:9532 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:9532Osaka Gas Co 5892.001142.4724.05%
JP:8174NIPPON GAS Co866.10-82.58-8.70%
JP:9533TOHO GAS Co 1275.00146.1212.94%
JP:9531TOKYO GAS Co 6517.001209.1122.78%
JP:9536SAIBU GAS HOLDINGS CO. LTD.2794.00995.2955.33%
JP:9534Hokkaido Gas Co., Ltd.882.00223.8334.01%
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.

Date of analysis: Aug 11, 2026