Latest Tokyo Brief coverage on OSAKA GAS CO.,LTD., tracking filings, financial news, and market signals from Japan.
TSE:9532
Osaka Gas raised its full-year sales forecast by ¥84bn to ¥2.25tn while holding ordinary profit guidance at ¥190bn, after a delay in passing fuel costs into gas tariffs cut interim ordinary profit by 21.6%.
A three-month gap between rising fuel costs and the tariffs that recover them cut Osaka Gas's quarterly ordinary profit by 15.3%, while the loss of a one-off insurance payout booked a year earlier pulled net profit down 26.5%. The utility still lifted its full-year sales forecast by ¥100bn while leaving profit guidance and its dividend untouched.
Current holdings disclosed by tracked funds.