Notice Regarding Change of Specified Subsidiary

Overview of Capital Policy

Osaka Gas Co., Ltd. decided on September 9, 2025, to increase the capital of its consolidated subsidiary Himeji Natural Gas Power Generation Co., Ltd., and executed the capital increase on October 31, 2025. The payment amount for the capital increase was 5,500 million yen, resulting in a capital of 15,149 million yen after the increase. The purpose of the capital increase is to meet the funding needs necessary for the commercial operation of Units 1 and 2 at the Himeji Natural Gas Power Plant. Details such as the number of shares issued, issue price, and allottees related to the capital increase are not disclosed in the documents.

Impact on Shareholders and Use of Funds

As a result of the capital increase, Himeji Natural Gas Power Generation Co., Ltd. became a specified subsidiary of Osaka Gas Co., Ltd.; however, the absence of information on the number of shares issued and total outstanding shares makes it impossible to calculate the dilution rate. Osaka Gas Co., Ltd.'s shareholding ratio remains unchanged at 100%, suggesting a limited dilution impact on shareholders, although no specific figures are provided in the documents. The payment amount is paid, and the use of funds is for the operating capital demand of the power plant arising from the capital increase.