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Hokuriku Gas Co., Ltd.
(9537)
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Rating:78Outperform
Price Target:
¥5,090.00
▲(36.64% Upside)
Action:Upgraded
Date:08/21/26
The score is driven primarily by strong financial fundamentals (notably very low leverage and improving profitability) and an attractive valuation (low P/E with a moderate dividend yield). Technical signals are mixed/neutral, limiting upside conviction in the near term.
Positive Factors
Very Low Leverage
Minimal debt and expanding equity provide substantial financial resilience. This strengthens the company’s ability to maintain its pipeline network, absorb operating volatility, and fund necessary investment without relying heavily on external financing.
Negative Factors
Margin Volatility
Uneven margins show that earnings remain sensitive to the relationship between gas procurement costs and customer rates. The lower-margin regulated model may limit profitability expansion and leave results vulnerable when cost recovery is delayed.
Read all positive and negative factors
Positive Factors
Negative Factors
Very Low Leverage
Minimal debt and expanding equity provide substantial financial resilience. This strengthens the company’s ability to maintain its pipeline network, absorb operating volatility, and fund necessary investment without relying heavily on external financing.
Read all positive factors
Hokuriku Gas Co., Ltd. (9537) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥20.71B
Dividend Yield1.88%
Average Volume (3M)1.74K
Price to Earnings (P/E)6.1
Beta (1Y)0.26
Revenue Growth1.67%
EPS Growth34.46%
CountryJP
Employees652
SectorGeneral
Sector StrengthN/A
IndustryRegulated Gas
Share Statistics
EPS (TTM)692.67
Shares Outstanding4,800,000
10 Day Avg. Volume1,350
30 Day Avg. Volume1,743
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)0.39
Price to Sales (P/S)0.32
P/FCF Ratio6.82
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
Hokuriku Gas Co., Ltd. Business Overview & Revenue Model
Company Description
Hokuriku Gas Co.,Ltd. is a prominent utility company primarily engaged in Japan's natural gas industry. The firm is responsible for the production, distribution, and retail of gas to residential and commercial customers across specific regions, in...
How the Company Makes Money
The company primarily makes money by selling city gas to end users. Revenue is generated through recurring consumption-based charges (based on metered gas usage) and customer tariffs/fees associated with providing service (e.g., basic charges embe...
Hokuriku Gas Co., Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
88
Very Positive
Cash Flow
73
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 64.45B | 64.44B | 61.77B | 61.41B | 69.63B | 52.36B |
| Gross Profit | 24.97B | 25.08B | 16.41B | 13.62B | 14.81B | 15.94B |
| EBITDA | 15.03B | 9.71B | 7.34B | 5.13B | 6.46B | 7.34B |
| Net Income | 3.23B | 3.18B | 1.95B | -1.76B | 420.15M | 953.81M |
Balance Sheet | ||||||
| Total Assets | 69.90B | 71.51B | 65.19B | 63.03B | 64.22B | 64.08B |
| Cash, Cash Equivalents and Short-Term Investments | 8.28B | 8.23B | 8.75B | 7.19B | 6.97B | 6.75B |
| Total Debt | 62.89M | 69.23M | 109.67M | 1.15B | 188.74M | 661.77M |
| Total Liabilities | 11.85B | 14.58B | 13.04B | 13.32B | 13.08B | 13.36B |
| Stockholders Equity | 54.67B | 53.56B | 48.83B | 46.44B | 47.90B | 47.51B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.05B | 3.64B | 35.39M | 694.82M | 3.25B |
| Operating Cash Flow | 0.00 | 9.01B | 7.76B | 4.75B | 5.54B | 7.96B |
| Investing Cash Flow | 0.00 | -10.00B | -4.94B | -5.06B | -4.09B | -4.97B |
| Financing Cash Flow | 0.00 | -401.84M | -1.40B | 299.84M | -1.05B | -1.09B |
Hokuriku Gas Co., Ltd. Technical Analysis
Negative
3725.00
Price Trends
4316.20
Negative
4533.30
Negative
4231.80
Positive
Market Momentum
-2.25
Positive
34.91
Neutral
23.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9537, the sentiment is Negative. The current price of 3725 is below the 20-day moving average (MA) of 4462.50, below the 50-day MA of 4316.20, and below the 200-day MA of 4231.80, indicating a neutral trend. The MACD of -2.25 indicates Positive momentum. The RSI at 34.91 is Neutral, neither overbought nor oversold. The STOCH value of 23.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9537.
Hokuriku Gas Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥20.71B | 6.14 | ― | 2.18% | 1.67% | 34.46% | |
73 Outperform | ¥94.78B | 9.84 | 8.20% | 3.89% | 0.10% | 40.92% | |
69 Neutral | ¥72.53B | 7.50 | ― | 2.88% | 1.28% | -11.88% | |
66 Neutral | ¥92.60B | 10.24 | 6.54% | 3.61% | -3.23% | 12.39% | |
62 Neutral | ¥45.14B | 10.78 | ― | 1.81% | -0.15% | 21.66% | |
59 Neutral | ¥447.76B | 18.25 | 6.82% | 1.86% | -5.50% | -8.68% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:9537
Hokuriku Gas Co., Ltd.
4,250.00
565.01
15.33%
JP:9533
TOHO GAS Co
1,221.00
119.33
10.83%
JP:9536
SAIBU GAS HOLDINGS CO. LTD.
2,491.00
567.21
29.48%
JP:9543
SHIZUOKA GAS CO. LTD.
1,287.00
186.40
16.94%
JP:9534
Hokkaido Gas Co., Ltd.
827.00
158.34
23.68%
JP:9539
Keiyo Gas Co., Ltd.
1,372.00
224.24
19.54%
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.