Osaka Gas Co., Ltd. Provides Dividend Guidance for the Year Ending March 31, 2015; Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2014; Provides Consolidated and Non-Consolidated Earnings Guidance for the Year Ending March 31, 2015
January 30, 2015 at 07:00 pm
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Osaka Gas Co., Ltd. provided dividend guidance for the year ending March 31, 2015. For the year, the company expects to pay dividend of ¥4.50 per share against ¥4.50 per share a year ago and annual dividend of ¥9.00 per share against ¥9.00 per share a year ago.
Osaka Gas Co., Ltd. announced consolidated earnings results for the nine months ended December 31, 2014. For the nine months, the company reported net sales of ¥1,055,301 million against ¥1,034,366 million a year ago. Operating income was ¥53,475 million against ¥59,568 million a year ago. Ordinary income was ¥58,194 million against ¥65,249 million a year ago. Income before income taxes and minority interests was ¥71,188 million against ¥38,711 million a year ago. Net income was ¥47,546 million against ¥14,375 million a year ago. Earnings per share were ¥22.85 against ¥6.90 per share a year ago. Consolidated net sales for the nine months ended December 31, 2014 increased by ¥20.9 billion year-on-year, despite a decrease in gas sales volume. This was primarily due to the continuing high unit selling price for city gas under the fuel cost adjustment system. Consolidated ordinary income was decreased by ¥7.0 billion year-on-year, primarily due to an increase in expenses of Gas business. Consolidated net income was increased by ¥33.1 billion year-on-year, primarily due to a gain on sales of investment securities in addition to impairment loss recorded in the same period of previous fiscal year.
The company provided consolidated earnings guidance for the year ending March 31, 2015. For the year, the company expects net sales of ¥1,581,500 million, operating income of ¥98,000 million, ordinary income of ¥100,000 million, net income of ¥74,000 million and net income per share of ¥35.56.
The company provided non-consolidated earnings guidance for the year ending March 31, 2015. For the year, the company expects net sales of ¥1,277,000 million, operating income of ¥62,000 million, ordinary income of ¥67,500 million, net income of ¥57,000 million and net income per share of ¥27.39.
Osaka Gas Company, Ltd. specializes in distributing natural gas. Net sales break down by activity as follows:
- transmission and distribution of natural gas (84%). The group also develops an installation of gas pipes activity;
- other (11.7%): primarily development and promotion of real estate assets.
The remaining sales (4.3%) are from the energy activity ensured abroad.
Osaka Gas Co., Ltd. Provides Dividend Guidance for the Year Ending March 31, 2015; Announces Consolidated Earnings Results for the Nine Months Ended December 31, 2014; Provides Consolidated and Non-Consolidated Earnings Guidance for the Year Ending March 31, 2015