Osaka Gas Co., Ltd. (9532.T) stock analysis

In our weekly check, Osaka Gas Co., Ltd. is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 17 pass, warnings: 5, red flags: 2.

About Osaka Gas Co., Ltd.

Osaka Gas Co., Ltd. is an Utilities company (Regulated Gas) based in Japan, listed on JPX as 9532.T.

What our checks show for 9532.T

Red flags

• Revenue fell 3.6% a year over the last 3 years.
• Recovering from its deepest fall took about 3.8 years.

Warning signs

• The net margin fell by 1.3 points over 5 years, to 6.9%: the company keeps less of each sale as profit.
• Analysts expect only about 3.4% a year of growth in revenue.
• The net margin is only 6.9%: little room if costs rise.
• The stock has fallen as much as 47% from a peak. Would you have held through that?
• Return on capital (ROCE) is only 5.5%.

Strengths

• Operating profit covers interest 11.8 times over.
• Operating cash flow is 2.44x net profit: the profit arrives as real cash.
• Earnings per share grew 38.1% a year over the last 3 years.
• Net profit grew 34.8% a year over the last 3 years.
• A large company: market value $14.03 billion.
• Beta -0.2: the stock usually moves less than the market.

Next earnings report: 2026-10-29

Similar companies

9531.T · POWERGRID.NS · 9502.T · NTPC.BO · 9503.T · ADANIPOWER.NS

Questions

What grade does Osaka Gas Co., Ltd. (9532.T) have?

In our weekly check, Osaka Gas Co., Ltd. is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 17 pass, warnings: 5, red flags: 2. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 9532.T stock?

This week's biggest flags for Osaka Gas Co., Ltd.: Weak revenue growth, Slow recovery after falls, Margins falling. In total 7 of 24 checks show a warning or a red flag.

What does Osaka Gas Co., Ltd. do?

Osaka Gas Co., Ltd. is an Utilities company (Regulated Gas) based in Japan, listed on JPX as 9532.T.

When does Osaka Gas Co., Ltd. report earnings next?

The next earnings report is expected on 2026-10-29. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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