News Summary:
On August 17, 2026, the US arm of Osaka Gas Co Ltd divested a 150-MW portfolio of operational community solar parks in Maine and Illinois, a deal advised by Marathon Capital. Previously, on August 9, 2026, Osaka Gas invested $50 million in Koloma for geologic hydrogen exploration, an investment first announced on August 5, 2026, as part of Koloma's $400 million funding round. This funding aligns with a shift in the hydrogen sector from high-cost manufactured green hydrogen to low-cost extracted geologic hydrogen, influenced by the U.S. Geological Survey's national geologic hydrogen assessment released on January 16, 2025. Earlier, Osaka Gas repurchased 863,400 common shares for ¥4.75 billion between July 1 and July 31, 2026, on the Tokyo Stock Exchange. This action falls under its plan to acquire up to 28 million shares, or 7.04% of total issued shares, for a maximum of ¥80 billion through March 31, 2027. On July 30, 2026, Osaka Gas reported its first-quarter consolidated financial results for the period ended June 30, 2026, with net sales increasing 1.5% to ¥478.0 billion, while operating profit decreased 34.3% to ¥31.3 billion, and profit attributable to owners of parent fell 26.5% to ¥35.6 billion. The company projects a 6.9% increase in net sales to ¥2.17 trillion but a 14.2% decrease in operating profit to ¥150 billion for the fiscal year ending March 31, 2027.
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