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NIPPON GAS Co
(8174)
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Rating:73Outperform
Price Target:
¥1,057.00
▼(-64.86% Downside)
Action:Reiterated
Date:09/30/26
The score is driven primarily by solid and improving financial performance (stronger margins and healthy free cash flow), supported by an attractive dividend yield. These positives are partially offset by weakening technical trend signals (price below key moving averages) and moderate balance-sheet/cash-conversion risks.
Positive Factors
Improving profitability and margins
Higher net and operating margins show that Nippon Gas is converting a stable revenue base into stronger profits. This improvement can support reinvestment, shareholder returns, and resilience over the next several quarters if operating discipline is maintained.
Negative Factors
Inconsistent revenue growth
The recovery in revenue is encouraging, but the prior decline and only modest subsequent growth indicate that demand and top-line expansion can be uneven. This may limit earnings growth compared with faster-growing industries and constrain operating leverage.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving profitability and margins
Higher net and operating margins show that Nippon Gas is converting a stable revenue base into stronger profits. This improvement can support reinvestment, shareholder returns, and resilience over the next several quarters if operating discipline is maintained.
Read all positive factors
NIPPON GAS Co (8174) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥305.58B
Dividend Yield11.23%
Average Volume (3M)216.44K
Price to Earnings (P/E)20.7
Beta (1Y)0.09
Revenue Growth5.57%
EPS Growth18.57%
CountryJP
Employees1,764
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)45.71
Shares Outstanding323,855,400
10 Day Avg. Volume195,250
30 Day Avg. Volume216,443
Financial Highlights & Ratios
PEG Ratio0.70
Price to Book (P/B)4.75
Price to Sales (P/S)1.53
P/FCF Ratio14.37
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)46.75
Revenue Forecast (FY)¥229.70B
NIPPON GAS Co Business Overview & Revenue Model
Company Description
Nippon Gas Co., Ltd. is primarily engaged in the distribution and sale of liquefied petroleum (LP) gas and natural gas across Japan. Its operations are organized into distinct LP Gas, Electricity, and City Gas business segments. Through pipeline n...
How the Company Makes Money
NIPPON GAS primarily makes money by selling LPG to end customers. Revenue is generated through recurring consumption-based sales of LPG delivered to households and businesses, with earnings influenced by customer volumes, usage levels, and the spr...
NIPPON GAS Co Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
71
Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 212.53B | 208.48B | 200.06B | 194.36B | 207.94B | 162.55B |
| Gross Profit | 76.72B | 66.27B | 63.29B | 62.48B | 58.30B | 54.81B |
| EBITDA | 31.90B | 31.93B | 28.35B | 26.49B | 26.78B | 26.47B |
| Net Income | 14.78B | 14.81B | 11.55B | 10.82B | 10.57B | 9.97B |
Balance Sheet | ||||||
| Total Assets | 150.42B | 163.59B | 156.07B | 159.56B | 154.93B | 153.90B |
| Cash, Cash Equivalents and Short-Term Investments | 18.45B | 23.93B | 19.81B | 18.99B | 13.05B | 17.02B |
| Total Debt | 49.62B | 49.96B | 46.94B | 47.19B | 40.58B | 45.94B |
| Total Liabilities | 85.61B | 96.11B | 88.61B | 86.83B | 80.63B | 82.00B |
| Stockholders Equity | 64.26B | 66.98B | 67.45B | 72.72B | 74.30B | 71.89B |
Cash Flow | ||||||
| Free Cash Flow | 22.25B | 22.14B | 22.15B | 17.36B | 15.10B | 13.32B |
| Operating Cash Flow | 28.35B | 28.19B | 27.92B | 23.44B | 19.59B | 20.69B |
| Investing Cash Flow | -6.93B | -7.16B | -8.81B | -9.19B | -7.58B | -8.79B |
| Financing Cash Flow | -16.58B | -16.68B | -18.39B | -8.71B | -16.07B | -7.41B |
NIPPON GAS Co Technical Analysis
Positive
3008.00
Price Trends
984.58
Positive
955.10
Positive
966.35
Positive
Market Momentum
11.99
Positive
53.73
Neutral
40.39
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8174, the sentiment is Positive. The current price of 3008 is above the 20-day moving average (MA) of 1020.68, above the 50-day MA of 984.58, and above the 200-day MA of 966.35, indicating a neutral trend. The MACD of 11.99 indicates Positive momentum. The RSI at 53.73 is Neutral, neither overbought nor oversold. The STOCH value of 40.39 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:8174.
NIPPON GAS Co Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥305.58B | 20.74 | 22.88% | 7.85% | 5.57% | 18.57% | |
73 Outperform | ¥97.15B | 10.03 | 7.33% | 3.39% | 0.10% | 40.92% | |
72 Outperform | ¥2.03T | 12.77 | 9.68% | 1.98% | 6.07% | 11.20% | |
66 Neutral | ¥2.17T | 15.67 | 7.95% | 2.20% | -1.54% | -5.29% | |
66 Neutral | ¥91.53B | 10.16 | 7.73% | 2.83% | -3.23% | 12.39% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
59 Neutral | ¥450.87B | 18.58 | 5.13% | 1.83% | -5.50% | -8.68% |
* Utilities Sector Average
JP:8174
NIPPON GAS Co
948.00
57.40
6.44%
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NIPPON GAS Co Corporate Events
Nippon Gas Completes Treasury Stock Disposal for Employee RSU Plan
Sep 24, 2026
Nippon Gas Co., Ltd. has completed the payment procedures for the disposal of 12,000 shares of its treasury stock under a restricted stock unit plan for employees of the NICIGAS Group. The shares, allocated to 40 employees at a disposal price of &...
Nippon Gas Reports Progress on Share Buyback Ahead of Stock Split
Sep 1, 2026
Nippon Gas Co., Ltd. reported progress on its ongoing share repurchase program, stating it bought back 40,600 common shares for a total of 112,732,500 yen between August 1 and August 31, 2026 through market purchases on the Tokyo Stock Exchange. T...
Nippon Gas Announces 3-for-1 Stock Split and Boosts Shareholder Returns
Aug 28, 2026
Nippon Gas Co., Ltd. (NICIGAS), a Japanese gas utilities provider listed on the Tokyo Stock Exchange Prime Market, supplies gas and related energy services to customers across Japan and actively uses capital markets tools, including share splits, ...
Nippon Gas to Dispose of Treasury Shares for Employee RSU Plan
Aug 27, 2026
Nippon Gas Co. has approved the disposal of 12,000 shares of its treasury stock to employees under its Restricted Stock Unit plan, with a payment date of September 24, 2026 and a disposal price set at ¥2,973 per share, matching the prior day&...
Nippon Gas Reports Early Progress on Share Buyback Program
Aug 3, 2026
Nippon Gas Co., Ltd. reported progress on its share repurchase program, buying back 1,000 common shares for approximately 2.8 million yen via market purchases on the Tokyo Stock Exchange between July 1 and July 31, 2026. This activity reflects the...
Nippon Gas Beats Q1 Targets on Strong LP Gas and Margin Gains
Jul 30, 2026
Nippon Gas Co., Ltd. is a Japanese energy utility engaged in LP gas, city gas, electricity and platform services for residential and commercial and industrial users. The company also grows its gas-related equipment business, using a diversified en...
NIPPON GAS Delivers Higher Sales but Lowers Full-Year Profit Outlook
Jul 30, 2026
NIPPON GAS Co., Ltd. reported consolidated net sales of ¥49,910 million for the quarter ended 30 June 2026, up 8.8% year on year, with operating income rising 5.0% to ¥3,836 million while profit attributable to owners of parent slipped 1...
Nippon Gas Reports Early Progress on Share Buyback Program
Jul 1, 2026
Nippon Gas announced progress on its ongoing share repurchase program, disclosing that it bought back 63,100 common shares on the Tokyo Stock Exchange between June 1 and June 30, 2026, for a total of about ¥170.7 million. This activity forms ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.