Osaka Gas : Financial Report for FY2021.3 (April 2020－March 2021)

May 13, 2021

Osaka Gas Co., Ltd.

Osaka Gas Co., Ltd. has made corrections to the Financial Report for FY2021.3 (April 2020－ March 2021), originally released on April 27, 2021. The changes are presented below. The financial report with the corrected figures is attached to this notice. The corrected parts are indicated with underlines.

Page 32 Depreciation

Before Correction

• FY22.3 forecast: 119.5 billion yen
• YoY Change: +18.0 billion yenAfter Correction
• FY22.3 forecast: 105.5 billion yen
• YoY Change: +4.0 billion yen

Financial Report for FY2021.3 (April 2020 - March 2021)

Creating Value for a Sustainable Future

April 2021

Osaka Gas Co., Ltd.

*Errors in the forecast for FY2022.3 were corrected on May 13, 2021.

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Contents

Ⅰ . Our initiatives to create value for a sustainable future

Ⅲ. Business Results for FY2021.3

• Medium-termManagement Plan 2023 Creating Value for a Sustainable Future
• Achieving a low carbon/carbon neutral society
• Establishing lifestyles and businesses adjusted to the new normal
• Enhancing resilience of customers and society
• Topics in FY2021.3

-	3	 YoY Comparison of FY2021.3	-	19-23
		 Results for Each Segment	-	24-26
-	4-5	 Comparison of Forecasts for FY2021.3	-	27-28

• 6
• 7
• 8-9

Ⅱ. Summary of Business Results for FY2021.3 and Forecasts for FY2022.3

 Summary of Business Results for FY2021.3	-	11
 Summary of Forecasts for FY2022.3	-	12
 YoY Comparison of FY2021.3	-	13
 Comparison of Forecasts for FY2021.3	-	14
 YoY Comparison of FY2022.3 Forecasts	-	15
 Investment for Growth	-	16
 Review of Med-term Management Plan 2020	-	17
(FY2018.3 - FY2021.3)

Ⅳ. Forecasts for FY2022.3

 YoY Comparison of FY2022.3 Forecasts	-	30-34
 Forecasts for FY2022.3 in Each Segment	-	35-37
 Risk Factors for Annual Earnings Results	-	38
Forecasts

Management information is available on Osaka Gas websites.
Financial reports, annual reports and road show materials can be accessed and downloaded at the following URL. https://www.osakagas.co.jp/en/ir/
Disclaimer
Certain statements contained herein are forward-looking statements, strategies, and plans, which reflect our judgment based on the information so far available. Actual results may
differ materially from those discussed in such statements. Among the factors that could cause actual results to differ materially are: economic trends in Japan, sharp fluctuations in
exchange rates and crude oil prices, and extraordinary weather conditions.
Note regarding gas sales volume
All gas sales volumes are indicated based on the standard heating value at 45 MJ/m3.
Note regarding consolidated gas sales volume
Thefiscal year of Nabari Kintetsu Gas, Toyooka Energy, and Shingu Gas ends on December 31.	Copyright © 2021 OSAKA GAS CO., LTD. All Rights Reserved.	1
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Ⅰ . Our initiatives to create value for a sustainable future

2

• Our initiatives to create value for a sustainable future

Medium-Term Management Plan 2023 - Creating Value for a Sustainable Future

Key Strategy

1. Co-createvalue for a sustainable future: Pursuing the creation of value for solving social issues alongside stakeholders.

1. Evolve our corporate group: Building a robust business portfolio and strengthening the management foundation to support the enhancement of our business portfolio management.

Key Initiatives

Co-create value for a sustainable future

neutral society businesses adjusted to

customers and society

Cooperate with stakeholders globally

		1.	Enhancing Business Portfolio Management
	Evolve our corporate group	2.	Promoting business transformation with digital
		transformation (DX)
		3.	Maximizing value for each employee
Key points	Achieving approx. 5％ In ROIC	Increasing cash flows from	Distributing shareholder returns
operating activities by 50%*	when we achieve profit growth

*Total amount from FY2022.3-FY2024.3 divided by Total forecasts from 2019.3-2021.3

	Copyright © 2021 OSAKA GAS CO., LTD. All Rights Reserved.	3