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Hokkaido Electric Power Company,Incorporated
(9509)
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Rating:60Neutral
Price Target:
¥1,176.00
▲(7.50% 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
The company operates an essential electricity network serving residential, commercial, and industrial customers across Hokkaido. Its regulated generation, transmission, distribution, and retail activities provide an established operating platform and recurring demand base over the medium term.
Negative Factors
Revenue and margin pressure
Recent revenue contraction and the sharp 2026 gross-profit decline point to renewed pressure on the economics of electricity sales and related operations. If sustained, weaker top-line and gross-profit performance could limit earnings recovery and reduce funds available for investment.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated regional utility
The company operates an essential electricity network serving residential, commercial, and industrial customers across Hokkaido. Its regulated generation, transmission, distribution, and retail activities provide an established operating platform and recurring demand base over the medium term.
Read all positive factors
Hokkaido Electric Power Company,Incorporated (9509) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥222.97B
Dividend Yield3.08%
Average Volume (3M)1.71M
Price to Earnings (P/E)8.0
Beta (1Y)1.13
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. Volume1,668,390
30 Day Avg. Volume1,714,676
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
¥1,050.00Price Target Upside-4.02% Downside
Rating ConsensusHold
Number of Analyst Covering1
EPS Forecast (FY)139.48
Revenue Forecast (FY)¥968.95B
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
Neutral
1094.00
Price Trends
1094.15
Negative
1025.34
Positive
1031.93
Positive
Market Momentum
-0.45
Positive
47.72
Neutral
56.84
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9509, the sentiment is Neutral. The current price of 1094 is below the 20-day moving average (MA) of 1094.78, below the 50-day MA of 1094.15, and above the 200-day MA of 1031.93, indicating a neutral trend. The MACD of -0.45 indicates Positive momentum. The RSI at 47.72 is Neutral, neither overbought nor oversold. The STOCH value of 56.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | ¥647.24B | 7.88 | 7.56% | 3.09% | 2.21% | -47.89% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | ¥221.71B | 4.61 | 10.86% | 2.59% | -7.27% | -27.05% | |
60 Neutral | ¥222.97B | 7.97 | 6.17% | 3.08% | -3.77% | -56.08% | |
58 Neutral | ¥61.70B | 160.91 | 0.30% | 3.52% | -6.87% | -93.42% | |
55 Neutral | ¥360.80B | 9.62 | 4.96% | 3.20% | -4.69% | -62.74% | |
51 Neutral | ¥780.58B | 2.01 | 12.23% | 10.07% | -5.31% | ― |
* Utilities Sector Average
JP:9509
Hokkaido Electric Power Company,Incorporated
1,086.00
30.23
2.86%
JP:9504
Chugoku Electric Power Co
1,001.50
169.39
20.36%
JP:9505
Hokuriku Electric Power Company
1,062.00
223.83
26.70%
JP:9511
Okinawa Electric Power Co
1,136.00
153.87
15.67%
JP:9506
Tohoku Electric Power Company
1,295.00
274.30
26.87%
JP:9501
Tokyo Electric Power Company Holdings
487.20
-261.00
-34.88%
Hokkaido Electric Power Company,Incorporated Corporate Events
Hokkaido Electric Power Sets ¥125.5 Billion Cost for Tomari Seawall Project
Oct 9, 2026
Hokkaido Electric Power has finalized the construction cost for the new seawall at its Tomari Nuclear Power Station at 125.5 billion yen, following completion of design reviews and determination of an August 2027 finish date. The seawall, designed...
Hokkaido Electric to Raise Power Rates as Wheeling Charges Increase
Sep 25, 2026
Hokkaido Electric Power Company, Incorporated announced that it will revise its electricity rates to reflect changes in wheeling charges set by Hokkaido Electric Power Network, effective November 1, 2026. The company has notified Japan’s Min...
Hokkaido Electric Power Lifts FY2027 Earnings Forecast on Tariff and Fuel Cost Adjustments
Sep 25, 2026
Hokkaido Electric Power Company has sharply upgraded its consolidated forecast for the fiscal year ending March 31, 2027, signaling a stronger earnings outlook amid a volatile energy market. The utility now expects operating revenue of ¥1,025...
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...
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.