OSAKA GAS CO., LTD.
9532・Prime Market・Electric Power & Gas
Governance
As a company with an Audit and Supervisory Committee, the Board consists of 15 directors (of which 7 are outside directors, a 46.7% outside ratio), and three voluntary advisory committees have been established: Management, Nomination, and Compensation. After the Annual General Meeting of Shareholders in June 2026, the Board is expected to consist of 13 directors (of which 7 are outside directors), with outside directors forming a majority.
Risk Management
The Risk Management Committee, chaired by the CRO, meets twice a year to deliberate on the selection of key risks and preventive measures. Company-wide committees such as the Cybersecurity Committee and the Safety and Disaster Prevention Committee have also been established, building a comprehensive risk management framework that covers geopolitical risk and climate change risk, among others.
Shareholder Returns
The annual dividend for FY2026 (ending March 2026) is ¥120.00 per share (consolidated payout ratio of 30.7%), a significant increase from ¥95.00 in the previous period. ¥130.00 is forecast for FY2027 (ending March 2027). As a subsequent event, a share buyback of up to ¥80,000 million and 28 million shares was resolved.
Dividend Policy
The annual dividend for FY2026 (ending March 2026) consists of an interim dividend of ¥60.00 and a year-end dividend of ¥60.00, totaling ¥120.00 (consolidated payout ratio of 30.7%, dividend on equity ratio of 2.7%). This represents an increase of ¥25.00 from the previous period (¥95.00). For FY2027 (ending March 2027), an annual dividend of ¥130.00 (interim ¥65.00, year-end ¥65.00) is forecast, with a consolidated payout ratio expected to be 34.4%. In addition, at the Board of Directors meeting held on May 8, 2026, a resolution was passed to conduct a share buyback of common stock, for the purpose of shareholder returns and improving capital efficiency, up to 28 million shares (maximum) and a total acquisition price of ¥80,000 million (maximum) (acquisition period: May 11, 2026 to March 31, 2027).
ESG
The company conducts scenario analysis based on the TCFD framework toward realizing carbon neutrality by 2050, setting FY2030 targets of a 10-million-ton contribution to CO₂ emission reductions, a 5-million-kW contribution to renewable energy diffusion, and a renewable energy power source ratio of approximately 50%. On the human capital front, initiatives include promoting DE&I, targeting a female director ratio of 30% or more (FY2030 target), and expanding career-track hiring. Total GHG emissions (Scope 1+2+3) were 24.42 million tons (FY2024 actual, third-party verified).
Last updated: June 22, 2026