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Hokkaido Electric Power Company,Incorporated
(9509)
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Rating:60Neutral
Price Target:
¥1,181.00
▲(7.95% Upside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by constrained financial resilience—very high leverage and a return to negative free cash flow—despite improved profitability versus 2023. Offsetting this, technicals show moderate positive momentum and valuation is supportive with a low P/E and a ~3.1% dividend yield.
Positive Factors
Regulated regional utility position
Serving an established regional customer base through regulated generation, transmission, and distribution operations provides an enduring role in Hokkaido’s energy system. This infrastructure-centered model supports recurring demand and preserves the company’s relevance across economic cycles.
Negative Factors
Very high leverage
Debt remains very large relative to equity for the company’s earnings profile, reducing financial flexibility and increasing exposure to refinancing and interest-rate pressure. High leverage also makes earnings swings more consequential because a larger cash commitment is directed toward debt obligations.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated regional utility position
Serving an established regional customer base through regulated generation, transmission, and distribution operations provides an enduring role in Hokkaido’s energy system. This infrastructure-centered model supports recurring demand and preserves the company’s relevance across economic cycles.
Read all positive factors
Hokkaido Electric Power Company,Incorporated (9509) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥230.98B
Dividend Yield2.84%
Average Volume (3M)2.15M
Price to Earnings (P/E)8.3
Beta (1Y)1.14
Revenue Growth-3.77%
EPS Growth-56.08%
CountryJP
Employees9,239
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)214.26
Shares Outstanding215,291,900
10 Day Avg. Volume2,605,160
30 Day Avg. Volume2,145,930
Financial Highlights & Ratios
PEG Ratio-0.16
Price to Book (P/B)0.47
Price to Sales (P/S)0.25
P/FCF Ratio-2.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥1,515.00Price Target Upside38.48% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)127.43
Revenue Forecast (FY)¥957.70B
Hokkaido Electric Power Company,Incorporated Business Overview & Revenue Model
Company Description
Hokkaido Electric Power Company, Incorporated generates, transmits, and distributes electricity in Japan. The company undertakes electrical and telecommunication, civil engineering and construction, piping, air-conditioning, water supply and drain...
How the Company Makes Money
Hokkaido Electric Power primarily makes money by selling electricity to end users in Hokkaido. Its main revenue stream is retail electricity sales to customers (households and businesses), where revenue is generally driven by the volume of electri...
Hokkaido Electric Power Company,Incorporated Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
46
Neutral
Cash Flow
41
Neutral
| Breakdown | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 854.76B | 902.05B | 953.78B | 888.87B | 663.41B |
| Gross Profit | 73.24B | 157.30B | 187.70B | 55.95B | 104.75B |
| EBITDA | 148.67B | 168.59B | 179.40B | 67.94B | 103.77B |
| Net Income | 44.00B | 64.22B | 66.20B | -22.19B | 6.87B |
Balance Sheet | |||||
| Total Assets | 2.47T | 2.24T | 2.16T | 2.10T | 2.00T |
| Cash, Cash Equivalents and Short-Term Investments | 184.61B | 156.32B | 110.71B | 89.87B | 88.89B |
| Total Debt | 1.56T | 1.43T | 1.41T | 1.48T | 1.39T |
| Total Liabilities | 2.00T | 1.84T | 1.82T | 1.84T | 1.71T |
| Stockholders Equity | 456.95B | 391.93B | 319.38B | 244.81B | 272.65B |
Cash Flow | |||||
| Free Cash Flow | -103.02B | -42.54B | 62.19B | -105.33B | 24.55B |
| Operating Cash Flow | 114.55B | 125.59B | 176.13B | -574.00M | 102.34B |
| Investing Cash Flow | -213.07B | -90.70B | -80.84B | -85.25B | -77.72B |
| Financing Cash Flow | 126.81B | 10.73B | -74.65B | 86.80B | -19.49B |
Hokkaido Electric Power Company,Incorporated Technical Analysis
Positive
1094.00
Price Trends
1024.67
Positive
995.57
Positive
1037.85
Positive
Market Momentum
31.98
Negative
60.68
Neutral
62.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9509, the sentiment is Positive. The current price of 1094 is above the 20-day moving average (MA) of 1078.75, above the 50-day MA of 1024.67, and above the 200-day MA of 1037.85, indicating a bullish trend. The MACD of 31.98 indicates Negative momentum. The RSI at 60.68 is Neutral, neither overbought nor oversold. The STOCH value of 62.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9509.
Hokkaido Electric Power Company,Incorporated Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | ¥683.48B | 8.21 | 7.56% | 2.93% | 2.21% | -47.89% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | ¥220.14B | 4.53 | 10.86% | 2.37% | -7.27% | -27.05% | |
60 Neutral | ¥230.98B | 8.25 | 6.17% | 2.84% | -3.77% | -56.08% | |
58 Neutral | ¥64.03B | 167.00 | 0.30% | 2.54% | -6.87% | -93.42% | |
55 Neutral | ¥375.21B | 9.86 | 4.96% | 2.59% | -4.69% | -62.74% | |
51 Neutral | ¥889.21B | 2.26 | 12.23% | 10.07% | -5.31% | ― |
* Utilities Sector Average
JP:9509
Hokkaido Electric Power Company,Incorporated
1,125.00
-32.73
-2.83%
JP:9504
Chugoku Electric Power Co
1,041.50
182.26
21.21%
JP:9505
Hokuriku Electric Power Company
1,054.50
146.17
16.09%
JP:9511
Okinawa Electric Power Co
1,179.00
189.64
19.17%
JP:9506
Tohoku Electric Power Company
1,367.50
261.42
23.63%
JP:9501
Tokyo Electric Power Company Holdings
555.00
-206.50
-27.12%
Hokkaido Electric Power Company,Incorporated Corporate Events
Hokkaido Electric Power Confirms Sharp Profit Drop Despite Higher Revenue in Q1 FY2026
Aug 7, 2026
Hokkaido Electric Power reported consolidated operating revenue of ¥214.5 billion for the quarter ended June 30, 2026, up 5.9% year on year, while operating income fell 44.3% to ¥24.4 billion and profit attributable to owners of parent d...
Hokkaido Electric Power Revenue Rises but Profit Falls Sharply in First Quarter
Jul 30, 2026
Hokkaido Electric Power reported consolidated operating revenue of ¥214.5 billion for the quarter ended June 30, 2026, up 5.9% year on year, but saw operating income fall 44.3% to ¥24.4 billion and profit attributable to owners of parent...
Hokkaido Electric Sets 2027 Completion Target for Tomari Nuclear Seawall
Jul 30, 2026
Hokkaido Electric Power Company, Inc. has set August 2027 as the scheduled completion date for the new tsunami protection seawall at its Tomari Nuclear Power Station, after previously starting construction without a defined end date. The project r...
Hokkaido Electric Power Sets Terms for ¥80 Billion Hybrid Bond Issue
Jul 23, 2026
Hokkaido Electric Power Company has set the final terms for its first series of publicly offered hybrid subordinated corporate bonds, issuing ¥80 billion of unsecured notes with an initial fixed interest rate of 3.393 percent and a legal matu...
Hokkaido Electric to Refinance ¥80bn Hybrid Loan with New Subordinated Bonds
Jun 29, 2026
Hokkaido Electric Power Company will issue its first publicly offered hybrid subordinated corporate bonds to refinance an existing 80 billion yen hybrid loan raised in 2019, which reaches its first optional prepayment date in August 2026. The new ...
Hokkaido Electric Power Lowers Conversion Price on 2031 Zero Coupon Convertible Bonds
Jun 25, 2026
Hokkaido Electric Power Company has adjusted the conversion price of its zero coupon convertible bonds with stock acquisition rights due 2031 from ¥1,353.0 to ¥1,332.4, effective April 1, 2026. The change follows shareholder approval of ...
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.