Osaka Gas Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2013. For the quarter, the company reported net sales of JPY 339,690 million against JPY 328,515 million a year ago. This was primarily due to the continuing high unit selling price on a non-consolidated basis for city gas under the fuel cost adjustment system. Operating income was JPY 28,088 million against JPY 33,105 million a year ago, primarily due to the decrease in gas sales volume and an increase in raw material costs on a non-consolidated basis. Ordinary income was JPY 30,269 million against JPY 36,347 million a year ago. Net income was JPY 21,059 million against JPY 23,657 million a year ago. Earnings per diluted share were JPY 10.11 against JPY 11.36 a year ago. Income before income taxes and minority interests was JPY 30,269 million against JPY 36,347 million a year ago.

The company provided consolidated earnings guidance for the six months ending September 30, 2013, the company expects net sales of JPY 684,000 million, operating income of JPY 40,000 million, ordinary income of JPY 41,500 million, net income of JPY 27,000 million and earnings per share of JPY 12.97.

The company provided consolidated earnings guidance for the full year ending March 31, 2014, the company expects net sales of JPY 1,508,000 million, operating income of JPY 100,000 million, ordinary income of JPY 100,000 million, net income of JPY 64,500 million and earnings per share of JPY 30.98.

On non-consolidated basis, the company provided earnings guidance for the six months ending September 30, 2013, the company expects net sales of JPY 544,000 million, operating income of JPY 22,000 million, ordinary income of JPY 25,000 million, net income of JPY 17,500 million and earnings per share of JPY 8.40.

On non-consolidated basis, the company provided earnings guidance for the full year ending March 31, 2014, the company expects net sales of JPY 1,193,500 million, operating income of JPY 57,000 million, ordinary income of JPY 62,000 million, net income of JPY 42,500 million and earnings per share of JPY 20.41.