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Hiroshima Gas Co., Ltd.
(9535)
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Rating:59Neutral
Price Target:
¥434.00
▲(18.26% Upside)
Action:Reiterated
Date:08/17/26
The score is driven primarily by middling financial performance: improved leverage is a positive, but profitability and ROE have declined significantly and cash flow has been inconsistent. Technical indicators are broadly neutral with mild support from trend positioning and a positive MACD, while valuation is reasonable (moderate P/E and ~2.9% yield) but constrained by the weaker earnings profile.
Positive Factors
Utility Network and Recurring Demand
The core city-gas network provides an established customer base and recurring demand across residential, commercial, and industrial users, supporting business continuity over the medium term despite volume and tariff variability.
Negative Factors
Material Profitability Compression
The sustained decline in net and EBIT margins signals weaker earnings conversion and reduced operating cushion, making future profitability more sensitive to procurement costs, pricing, volumes, and operating expenses.
Read all positive and negative factors
Positive Factors
Negative Factors
Utility Network and Recurring Demand
The core city-gas network provides an established customer base and recurring demand across residential, commercial, and industrial users, supporting business continuity over the medium term despite volume and tariff variability.
Read all positive factors
Hiroshima Gas Co., Ltd. (9535) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥29.26B
Dividend Yield2.78%
Average Volume (3M)48.07K
Price to Earnings (P/E)15.4
Beta (1Y)0.36
Revenue Growth-1.78%
EPS Growth21.11%
CountryJP
Employees1,676
SectorGeneral
Sector StrengthN/A
IndustryRegulated Gas
Share Statistics
EPS (TTM)27.92
Shares Outstanding68,854,805
10 Day Avg. Volume47,970
30 Day Avg. Volume48,066
Financial Highlights & Ratios
PEG Ratio0.53
Price to Book (P/B)0.38
Price to Sales (P/S)0.31
P/FCF Ratio6.96
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)N/A
Revenue Forecast (FY)N/A
Hiroshima Gas Co., Ltd. Business Overview & Revenue Model
Company Description
HIROSHIMA GAS Co.,Ltd. operates as a Japanese energy firm, predominantly focusing on the gas sector. Its diverse operations are categorized into three primary divisions: Gas, LPG, and various auxiliary services. In its core Gas segment, the compan...
How the Company Makes Money
Hiroshima Gas primarily generates revenue by selling city gas to end users through its regulated/utility distribution network. Revenue is largely volume- and tariff-driven: customers are billed based on gas consumption (and typically a fixed/basic...
Hiroshima Gas Co., Ltd. Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
62
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 89.28B | 88.40B | 91.59B | 90.67B | 95.22B | 76.80B |
| Gross Profit | 26.26B | 26.36B | 25.84B | 23.07B | 31.57B | 22.41B |
| EBITDA | 9.00B | 9.19B | 8.81B | 10.54B | 14.34B | 10.63B |
| Net Income | 1.92B | 2.10B | 1.69B | 2.33B | 5.22B | 3.66B |
Balance Sheet | ||||||
| Total Assets | 125.56B | 131.83B | 129.59B | 137.63B | 142.00B | 123.80B |
| Cash, Cash Equivalents and Short-Term Investments | 14.98B | 18.51B | 20.61B | 27.71B | 35.64B | 20.20B |
| Total Debt | 35.62B | 40.45B | 38.91B | 44.90B | 59.77B | 45.49B |
| Total Liabilities | 50.57B | 57.02B | 58.00B | 67.11B | 74.13B | 58.73B |
| Stockholders Equity | 71.65B | 71.50B | 68.26B | 67.13B | 64.54B | 61.87B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.95B | -3.52B | 5.37B | 405.00M | 743.00M |
| Operating Cash Flow | 0.00 | 11.67B | 5.87B | 14.83B | 8.95B | 7.91B |
| Investing Cash Flow | 0.00 | -8.43B | -9.26B | -9.68B | -7.06B | -7.14B |
| Financing Cash Flow | 0.00 | -5.41B | -3.65B | -13.17B | 13.61B | 3.80B |
Hiroshima Gas Co., Ltd. Technical Analysis
Positive
367.00
Price Trends
410.78
Positive
404.19
Positive
386.83
Positive
Market Momentum
3.65
Negative
65.69
Neutral
83.46
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9535, the sentiment is Positive. The current price of 367 is below the 20-day moving average (MA) of 418.30, below the 50-day MA of 410.78, and below the 200-day MA of 386.83, indicating a bullish trend. The MACD of 3.65 indicates Negative momentum. The RSI at 65.69 is Neutral, neither overbought nor oversold. The STOCH value of 83.46 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9535.
Hiroshima Gas Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥253.87B | 11.60 | ― | 3.19% | -3.25% | 28.06% | |
72 Outperform | ¥3.62T | 5.12 | 8.16% | 2.57% | 2.30% | 437.64% | |
70 Outperform | ¥1.69T | 4.30 | 9.71% | 2.78% | -2.72% | 3087.62% | |
69 Neutral | ¥692.71B | 4.22 | ― | 3.93% | -0.10% | 446.81% | |
67 Neutral | ¥79.93B | 16.31 | ― | 1.37% | -2.76% | 56.84% | |
59 Neutral | ¥29.26B | 15.37 | ― | 3.23% | -1.78% | 21.11% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:9535
Hiroshima Gas Co., Ltd.
431.00
61.28
16.57%
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Hiroshima Gas Co., Ltd. Corporate Events
Hiroshima Gas Profit Slumps Despite Higher Sales, Keeps Dividend and Forecasts Intact
Aug 7, 2026
Hiroshima Gas Co., Ltd. reported consolidated net sales of ¥22.35 billion for the three months ended June 30, 2026, up 4.1% year on year, while operating profit fell 22.6% to ¥704 million and profit attributable to owners of parent decli...
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.