Operating Results for the First Quarter of
the Fiscal Year Ending March 31, 2025 (207th Term)
July 29, 2024
Osaka Gas Co., Ltd.

1. Operating Results (April 1, 2024 – June 30, 2024)(1) Overview of Operating Results
Consolidated net sales for the three months ended June 30, 2024 decreased year-on-year primarily due tothe lower unit selling price of city gas under the raw material cost adjustment system in the Domestic
Energy Business. Consolidated ordinary profit decreased due to the contraction of the positive impact of atime lag (*) between fluctuations in raw material costs, etc., and their reflection in the unit selling prices inthe Domestic Energy Business. Profit attributable to owners of parent decreased.
(*) There is a time lag between fluctuations in raw material costs and fuel costs and their reflection in the unit selling prices under
the raw material cost adjustment system and the fuel cost adjustment system, which causes a temporary increase/decrease in profit.

[billion yen]

Consolidated

Net sales

Operating profit

Ordinary profit

470.9 (-8.1%)[512.6, -41.6]

28.7 (-61.0%)[73.6, -44.9]

43.6 (-47.2%)[82.6, -38.9]

Profit attributableto owners of parent
30.7 (-49.2%)[60.5, -29.7]

The figures in [ ] brackets in each box represent actual results for and differences from the same period of the previous fiscal year.
The percentage figures in ( ) parentheses in each box represent the changes from the same period of the previous fiscal year.

(2) Overview by Segment
Segment profit of “Domestic Energy” decreased primarily due to the contraction of the positive impact ofa time lag between fluctuations in raw material costs, etc. and their reflection in the unit selling prices.
Segment profit of “International Energy” increased primarily due to the foreign exchange effects of theweaker yen. Segment profit of “Life & Business Solutions” was generally on par with the same period of
the previous fiscal year because although profit increased in the Materials Solutions Business, profit
decreased in the Information Solutions Business and other areas.
[billion yen]Domestic Energy
International EnergyLife & Business Solutions

Net sales
395.7 (-11.0%)[444.6, -48.9]
25.5 (+15.8%)[22.0, +3.4]
63.0 (+6.7%)[59.0, +3.9]

Segment profit (Note)
12.9 (-77.7%)[58.1, -45.1]
17.5 (+26.6%)[13.8, +3.6]
5.1 (+4.9%)[4.9, +0.2](Note) Segment profit: Operating profit + Share of profit of entities accounted for using equity method.
The figures in [ ] brackets in each box represent actual results for and differences from the same period of the previous fiscal year.
The percentage figures in ( ) parentheses in each box represent the changes from the same period of the previous fiscal year.

1(3) Domestic Gas Sales Breakdown
Consolidated domestic gas sales [45MJ/m3] decreased year-on-year. Sales volume of residential gas
decreased from the level of the same period of the previous fiscal year primarily due to high air and watertemperatures. Sales volume of non-residential gas decreased year-on-year primarily due to a decrease inoperation of specific customers’ facilities.
Consolidated number of gas supply (thousands)
Consolidated gas sales volume (million m3)
Residential
Non-residential

5,084 (+1.2%)
1,463 (-4.7%)
344 (-8.5%)
1,119 (-3.5%)

The percentage figures in ( ) parentheses in each box represent the changes from the same period of the previous fiscal year.

(4) Domestic Electricity Sales Breakdown
Sales volume of domestic electricity increased from the same period of the previous fiscal year due toincreases in both the retail and wholesale sales volumes.
Number of low-voltage electricity supply (thousands)
Electricity sales volume (million kWh)RetailWholesale, etc.

1,848 (+6.0%)
3,131 (+9.5%)
1,343 (+5.6%)
1,788 (+12.6%)

The percentage figures in ( ) parentheses in each box represent the changes from the same period of the previous fiscal year.

2. Forecast for the Fiscal Year Ending March 31, 2025
There are no changes from the financial results forecasts announced on May 8, 2024.
[billion yen]

Consolidated
1,986.0 (-4.7%)
123.5 (-28.4%)
153.0 (-32.5%)
112.0 (-15.6%)

Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent

The percentage figures in ( ) parentheses in each box represent the changes from the fiscal year ended March 31, 2024.
(Reference) Assumptions for the crude oil price and exchange rate (April 1, 2024 - March 31, 2025)
Crude oil price (All Japan CIF price) at 75 USD/bbl
Exchange rate (TTM) at 145 JPY/USD2