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Osaka Gas Co
(9532)
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Rating:63Neutral
Price Target:
¥6,142.00
▲(12.70% Upside)
Action:Reiterated
Date:05/10/26
The score is driven by improving profitability and a strengthening balance sheet, supported by a reasonable P/E and dividend yield. These positives are offset by weak technicals (below key moving averages with negative MACD) and uneven free-cash-flow consistency alongside limited revenue growth.
Positive Factors
Improving Leverage
Debt-to-equity reduction reflects an improving balance sheet that increases financial flexibility. Over the next several months this stronger leverage profile lowers refinancing pressure, supports capex or strategic spending, and reduces downside risk from earnings volatility.
Negative Factors
Stagnant Revenue
Flat-to-declining top line constrains long-term growth potential and forces reliance on margin improvement for earnings gains. Without renewed volumetric demand or new customer wins, the company may face limits to scale, investment capacity, and sustainable profit expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Leverage
Debt-to-equity reduction reflects an improving balance sheet that increases financial flexibility. Over the next several months this stronger leverage profile lowers refinancing pressure, supports capex or strategic spending, and reduces downside risk from earnings volatility.
Read all positive factors
Osaka Gas Co (9532) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥2.05T
Dividend Yield1.98%
Average Volume (3M)828.48K
Price to Earnings (P/E)13.8
Beta (1Y)0.47
Revenue Growth1.99%
EPS Growth95.71%
CountryJP
Employees21,159
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)391.15
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)370.63
Revenue Forecast (FY)¥2.19T
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 ...
How the Company Makes Money
Osaka Gas primarily makes money by selling energy and related services through regulated and competitive utility markets. Its key revenue streams include: (1) City gas sales: The company earns revenue by supplying city gas to households, commercia...
Osaka Gas Co Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
66
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.03T | 2.07T | 2.08T | 2.28T | 1.59T |
| Gross Profit | 437.52B | 405.58B | 410.37B | 282.22B | 314.77B |
| EBITDA | 358.02B | 339.29B | 343.11B | 224.74B | 246.41B |
| Net Income | 152.75B | 134.41B | 132.68B | 57.11B | 130.42B |
Balance Sheet | |||||
| Total Assets | 3.32T | 3.20T | 2.98T | 2.82T | 2.59T |
| Cash, Cash Equivalents and Short-Term Investments | 58.98B | 82.81B | 77.67B | 85.09B | 131.09B |
| Total Debt | 794.22B | 972.42B | 913.00B | 902.53B | 785.08B |
| Total Liabilities | 1.47T | 1.46T | 1.38T | 1.40T | 1.29T |
| Stockholders Equity | 1.81T | 1.69T | 1.58T | 1.39T | 1.27T |
Cash Flow | |||||
| Free Cash Flow | 102.20B | 72.83B | 137.96B | -138.51B | -28.10B |
| Operating Cash Flow | 340.74B | 283.68B | 312.61B | 33.57B | 145.35B |
| Investing Cash Flow | -241.63B | -233.75B | -215.56B | -203.63B | -161.46B |
| Financing Cash Flow | -129.40B | -55.96B | -110.51B | 119.31B | -21.18B |
Osaka Gas Co Technical Analysis
Negative
5450.00
Price Trends
5575.44
Negative
5969.06
Negative
5445.59
Negative
Market Momentum
-68.11
Negative
42.31
Neutral
21.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9532, the sentiment is Negative. The current price of 5450 is above the 20-day moving average (MA) of 5449.55, below the 50-day MA of 5575.44, and above the 200-day MA of 5445.59, indicating a bearish trend. The MACD of -68.11 indicates Negative momentum. The RSI at 42.31 is Neutral, neither overbought nor oversold. The STOCH value of 21.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9532.
Osaka Gas Co Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ¥66.86B | 5.74 | ― | 2.88% | 2.48% | 10.64% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | ¥296.17B | 20.89 | 20.44% | 3.28% | 4.21% | 30.94% | |
63 Neutral | ¥2.05T | 13.81 | 10.44% | 1.98% | 1.99% | 95.71% | |
63 Neutral | ¥2.01T | 9.36 | 11.05% | 1.53% | 7.51% | 232.54% | |
61 Neutral | ¥83.57B | 11.57 | 9.07% | 3.61% | 2.90% | 13.83% | |
59 Neutral | ¥453.25B | 14.95 | 6.03% | 1.81% | -0.75% | 33.35% |
* Utilities Sector Average
JP:9532
Osaka Gas Co
5,363.00
1,706.01
46.65%
JP:8174
NIPPON GAS Co
2,837.00
249.76
9.65%
JP:9533
TOHO GAS Co
1,237.50
207.41
20.14%
JP:9531
TOKYO GAS Co
6,037.00
1,178.72
24.26%
JP:9536
SAIBU GAS HOLDINGS CO. LTD.
2,257.00
516.38
29.67%
JP:9534
Hokkaido Gas Co., Ltd.
755.00
172.71
29.66%
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.