Osaka Gas raises full-year dividend forecast on strong performance

At its board of directors meeting on October 30, 2025, Osaka Gas resolved to pay an interim dividend of JPY 60.0 per share for the fiscal year ending March 31, 2026 (FY2026.3). This is an increase from the JPY 52.5 per share previously forecast on March 13, 2025, and the JPY 47.5 paid in FY2025.3. This decision follows strong operational performance in the first half of FY2026.3, with ordinary profit rising to JPY 105.4 bn, a JPY 33.5 bn increase year-on-year, driven by time-lag profits in the domestic energy segment and growth in international energy, including Freeport LNG and Sabine in the U.S.

The company also revised its full-year dividend forecast to JPY 120.0 per share, up from JPY 105.0, reflecting an increase in its Dividend on Equity (DOE) target from 3.0% to 3.5%. This adjustment is based on a projected increase in full-year ordinary profit to JPY 186.0 bn, a JPY 21.0 bn upward revision from previous forecasts. The updated financial outlook anticipates continued profit growth, particularly from domestic time-lag gains and strong performance in U.S. shale gas and LNG operations.