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    9532   JP3180400008

OSAKA GAS CO., LTD.

(9532)
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Osaka Gas : Financial Report for 1st Quarter of FY2022.3 (April 2021 - June 2021)

07/29/2021 | 02:07am EST

Financial Report

for 1st Quarter of FY2022.3 (April 2021 - June 2021)

Creating Value for a Sustainable Future

July 2021

Osaka Gas Co., Ltd.

Contents

. Summary of Business Results for 1st Quarter of

. Forecasts for FY2022.3

FY2022.3 and Forecasts for FY2022.3

Summary of Business Results for 1st Quarter of

FY2022.3

-

4

Summary of Forecasts for FY2022.3

-

5

YoY Comparison of 1st Quarter of FY2022.3

-

6

FY2022.3 Forecasts against Previous Forecasts

-

7

YoY Comparison of FY2022.3 Forecasts

-

8

Results of Investment for growth for 1st Quarter of

-

9

FY2022.3

. Business Results for 1st Quarter of FY2022.3

YoY Comparison of 1st Quarter of FY2022.3

-

11-15

Results for 1st Quarter of FY2022.3 in Each Segment

-

16-18

YoY Comparison of FY2022.3 Forecasts

-

20-24

Forecasts for FY2022.3 in Each Segment

-

25-27

Risk Factors for Annual Earnings Results Forecasts

-

28

ReferenceTopics in 1st Quarter of FY2022.3

-

29

Management information is available on Osaka Gas websites.

Financial reports, annual reports and road show materials can be accessed and downloaded at the following URL. https://www.osakagas.co.jp/en/ir/

Disclaimer

Certain statements contained herein are forward-looking statements, strategies, and plans, which reflect our judgment based on the information so far available. Actual results may

differ materially from those discussed in such statements. Among the factors that could cause actual results to differ materially are: economic trends in Japan, sharp fluctuations in

exchange rates and crude oil prices, and extraordinary weather conditions.

Note regarding gas sales volume

All gas sales volumes are indicated based on the standard heating value at 45 MJ/m3.

Note regarding consolidated gas sales volume

The fiscal year of Nabari Kintetsu Gas, Toyooka Energy, and Shingu Gas ends on December 31.

2

. Summary of Business Results for 1st Quarter of FY2022.3 and Forecasts for FY2022.3

Summary of Business Results for 1st Quarter of FY2022.3

  • Ordinary profit increased by 31.4% (¥10.0 billion) from the same period last year to ¥42.1 billion, due to the increase in the profit contribution from Freeport LNG Project and Sabine Shale Gas Project in the International Energy business and the increased profit in the Life & Business Solution business, including the information solutions business and the fitness business, due to the reduced impact of the COVID-19.

billion yen

A. FY22.3

B. FY21.3

A-B

(A-B)/B

Remarks

1Q

1Q

Net sales

314.3

317.2

-2.9

-0.9

Ordinary profit

42.1

32.0

+10.0

+31.4%

Increase in the International Energy business

(Freeport, Sabine) and in the LBS*2

(information, fitness), etc.

Time-lag effect (Gas and

-11.0

0.4

-11.5

-

Breakdown of difference from previous year

Electricity)*1

(-11.5) Gas -8.0, Electricity -3.5

Ordinary profit

53.2

31.6

+21.6

+68.4%

excluding time-lag effect

Profit attributable to owners of

31.5

21.6

+9.8

+45.8%

parent

*1 Included in Domestic Energy

*2 Life & Business Solutions

A. FY22.3

B. FY21.3

A-B

Remarks

1Q

1Q

Crude oil price

USD/bbl

66.9

32.2

+34.7

A: Average of preliminary monthly data up to June 2021

Exchange rate

JPY/USD

109.5

107.6

+1.9

4

Summary of Forecasts for FY2022.3: Revision of Business Forecasts

  • We have revised our business forecasts for FY2022.3 due to changes in the business environment, which is the basis of our business forecasts, such as rising crude oil prices.
  • Net sales are expected to increase by ¥105.0 billion from the initial forecast to ¥1,510.0 billion, mainly due to the expected increase in unit sales prices in the gas and electric power businesses caused by the rise in crude oil prices.
  • Ordinary profit is expected to remain unchanged from the initial forecast at ¥95.0 billion, partly due to increased profits in the International Energy businesses resulting from rising crude oil prices and U.S. interest rates, despite the negative time-lag effect in the Domestic Energy business.

billion yen

A. FY22.3

B. FY22.3

A-B

(A-B)/B

Remarks

forecasts

previous

forecasts

Net sales

1,510.0

1,405.0

105.0

+7.5

Increase in the unit selling prices due to rising

crude oil price, etc.

Ordinary profit

95.0

95.0

0.0

-

±

Time-lag effect (Gas and

-29.9

-11.9

-17.9

-

Breakdown of difference from previous year

Electricity)*1

(-17.9) Gas -13.9, Electricity -3.9

Ordinary profit

124.9

106.9

+17.9

+16.8%

Increase profit in the International Energy

excluding time-lag effect

Profit attributable to owners of

70.5

70.5

0.0

-

parent

±

*1 Included in Domestic Energy

Assumptions

A. FY22.3

B. FY22.3

A-B

Remarks

forecasts

previous

forecasts

Crude oil price

USD/bbl

73.0

60.0

+13.0

July 2021 to March 2022 : 75.0 USD/bbl

Exchange rate

JPY/USD

109.9

105.0

+4.9

July 2021 to March 2022 :110.0 JPY/USD

5

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

Osaka Gas Co. Ltd. published this content on 29 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2021 06:06:15 UTC.


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Sales 2022 1 423 B 12 616 M 12 616 M
Net income 2022 68 529 M 608 M 608 M
Net Debt 2022 624 B 5 533 M 5 533 M
P/E ratio 2022 11,3x
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Nbr of Employees 20 941
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Osaka Gas Co., Ltd. Technical Analysis Chart | 9532 | JP3180400008 | MarketScreener
Technical analysis trends OSAKA GAS CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Last Close Price 1 868,00 JPY
Average target price 2 311,43 JPY
Spread / Average Target 23,7%
EPS Revisions
Managers and Directors
Masataka Fujiwara President & Representative Director
Takehiro Honjo Chairman
Issei Nomura Team Manager-Consolidated Administration
Hideo Miyahara Independent Outside Director
Kazutoshi Murao Independent Outside Director
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