02
Annual Report 2008
Consolidated Financial Highlights
Financial Data
Operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . Net income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital expenditure . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total shareholders’ equity/net assets . . . . . . . . . . . . . Number of shares issued and
outstanding (thousands) . . . . . . . . . . . . . . . . . . . . . Per Share Data
Net income (EPS) (yen and U.S. dollars) . . . . . . . . . . . Shareholders’ equity/net assets (BPS) (yen and U.S. dollars) . .
1998/3
1999/3
2000/3
2001/3
¥ 853,598
63,095
21,775
107,016
79,793
1,181,380
381,954
¥ 831,366
66,375
21,614
94,932
80,106
1,178,352
380,846
¥ 849,225
62,723
27,345
93,951
80,842
1,219,514
428,523
¥ 951,926
74,055
36,097
91,233
92,461
1,310,976
475,019
2,528,162
2,500,462
2,477,760
2,429,564
¥
8.61
151.08
¥
8.56
152.31
¥
10.94
172.95
¥
14.72
195.52
Key Ratios
Equity ratio (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . Debt ratio (%) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest coverage ratio (times) . . . . . . . . . . . . . . . . . . Return on assets (ROA) (%) . . . . . . . . . . . . . . . . . . . Return on equity (ROE) (%) . . . . . . . . . . . . . . . . . . . 32.3%
39.9%
5.3
1.8%
5.8%
32.3%
40.5%
6.8
1.8%
5.7%
35.1%
40.3%
7.6
2.3%
6.8%
36.2%
38.9%
9.8
2.9%
8.0%
Gas Sales by Volume (million m3) . . . . . . . . . . . . . . . . Number of Meters Installed (thousands) . . . . . . . . . . Number of Employees . . . . . . . . . . . . . . . . . . . . . . . . 6,759
6,083
9,994
6,757
6,210
9,816
7,326
6,305
15,201
7,580
6,401
15,160
Operating Revenues
Operating Income and
Net Income
(Billions of yen)
ROE and ROA
(Billions of yen)
1,500
(%)
120
1,174.4
1,200
15
1,238.1
100
92.0
95.9
13.9
100.6
93.7
1,065.9
951.3
80.7
975.3
9.9
75.6
80
10
9.9
900
60
47.0
8.1
52.9
50.6
600
6.2
6.1
40.2
40
5
3.9
4.2
300
0
3.8
2.8
20
04.3
05.3
06.3
07.3
08.3
0
04.3
05.3
n n Operating Income
n n Net Income
06.3
07.3
08.3
0
04.3
ROE
ROA
05.3
06.3
07.3
08.3
Osaka Gas Co., Ltd.
Millions of yen
2002/3
2003/3
2004/3
2005/3
2006/3
2007/3
2008/3
¥ 973,565
96,676
39,418
89,938
88,793
1,243,520
468,706
¥ 947,977
85,974
29,685
67,107
82,805
1,209,627
453,284
¥ 951,324
92,096
47,065
69,779
89,564
1,199,228
495,635
¥ 975,340
95,992
50,683
65,517
86,858
1,217,463
530,862
¥1,065,961
100,657
80,710
117,455
84,250
1,398,692
628,510
¥1,174,456
93,729
52,929
95,267
84,031
1,405,682
686,664
¥1,238,145
75,611
40,283
111,087
95,253
1,467,934
666,657
2,369,011
2,369,011
2,369,011
2,369,011
2,235,669
2,235,669
2,158,383
Yen
¥
16.33
197.85
¥
12.56
197.28
¥
20.56
222.15
¥
22.69
238.15
¥
36.18
282.12
¥
18.27
300.76
37.5%
40.9%
14.2
2.4%
6.4%
41.3%
38.0%
12.9
3.9%
9.9%
43.6%
36.8%
16.1
4.2%
9.9%
44.9%
34.9%
23.6
6.2%
13.9%
47.6%
34.7%
10.3
3.8%
8.1%
44.2%
38.5%
13.6
2.8%
6.1%
7,479
6,484
14,878
7,701
6,579
15,020
7,779
6,650
15,276
8,072
6,725
15,992
8,469
6,785
16,077
8,764
6,848
16,435
8,917
6,913
16,682
(Yen)
(Yen)
400
40
36.18
300.61
222.15
238.15
Gas Sales by Volume
(Million m3)
10,000
7,779
300.76
282.12
300
30
7,500
20
5,000
10
2,500
8,072
8,469
8,764
8,917
07.3
08.3
23.77
22.69
20.56
18.27
100
0
¥
37.7%
37.4%
13.2
3.1%
8.4%
Earnings per Share (EPS) and
Shareholders’ Equity per Share (BPS)
200
23.77
300.61
04.3
05.3
06.3
07.3
08.3 0
Earnings per Share (EPS: right scale)
Shareholders’ Equity per Share
(BPS: left scale)
0
04.3
05.3
06.3
Thousands of
U.S. dollars
2008/3
$12,357,969
754,676
402,066
1,108,763
950,723
14,651,502
6,653,927
U.S. dollars
$      0.182
3.001
Notes:
1. The conversion of Japanese yen into US dollars is
based on the exchange rate of 1 USD = 100.19 JPY
(spot rate as of March 31, 2008).
2. Equity ratio = equity/total assets (as of the end of
the fiscal year)
3. Debt ratio = interest-bearing debt/total assets (as
of the end of the fiscal year)
4. Interest coverage ratio = (operating income + interest
and dividends received)/interest e­ xpenses
5. Return on assets (ROA) = net income/total ­assets
(average)
6. Return on equity (ROE) = net income/average equity
(up to fiscal 2006, “average equity” was “shareholders’ assets (average)”)
7. Figures in the financial data are rounded down up
to page 39 and rounded off from page 40.
8. All gas sales volume shown is at the calorific value
of 45 MJ per cubic meter.
9. Gas sales by volume and number of gas meters
installed up to fiscal 2002 are shown on a
­non-consolidated basis.
03