According to the company’s website press release on April 24, 2023, Osaka Gas Co., Ltd. announced that it has revised its financial forecasts for the fiscal year ending March 31, 2023, which was announced on February 6, 2023
1. Revision of forecasts of consolidated financial results for the fiscal year ending March 31, 2023
* Figures for the previous year were calculated retroactively in accordance with the Regulation on Consolidated Financial Statements ("Regulation"). Starting in FY2023.3, we prepare consolidated financial statements by following the Regulation. Until the previous fiscal year, our consolidated financial statements followed the Accounting Rules for Gas Utilities as well as the Regulation.
2. Reason for revising the financial forecasts for the fiscal year ending March 31, 2023
We have revised our forecasts as shown above mainly due to the gas business income growth in the Domestic Energy segment resulting from the higher LNG sales prices and stronger yen than the assumption and income growth in the Life & Business Solutions segment.
Note: The revised forecasts above were based on calculations using the information available as of the date of this announcement. Actual results may differ from these forecasts due to various factors in the future.
