Hokkaido Electric Launches Tomakomai-Centered Energy Chain to Drive Carbon Neutrality and Growth

Hokkaido Electric Power Company,Incorporated ( (JP:9509) ) has issued an announcement.

Hokkaido Electric Power Company has unveiled a new energy supply chain initiative centered on the Tomakomai area to drive carbon neutrality in Hokkaido and underpin its long‑term growth. Leveraging the region’s heavy dependence on oil and coal, high household energy use and expected demand growth from digital industries, the utility plans a full‑scale entry into the gas business, including acquiring gas production, sales and pipeline operations from Japan Petroleum Exploration and building an integrated supply chain together with the Ishikari LNG terminal. It will roll out combined electricity‑and‑gas pricing and services to households, businesses and high heat‑demand customers, actively promoting fuel switching from oil and coal to gas across the island. In parallel, the company is studying installation of new LNG‑fired power sources and development of a large‑vessel LNG and ammonia terminal in Tomakomai to support rising electricity demand, stabilize the grid alongside nuclear and renewables, cut LNG procurement costs and ultimately transition from LNG to decarbonized fuels such as hydrogen and ammonia, reinforcing both regional decarbonization and the company’s competitive positioning.

The most recent analyst rating on (JP:9509) stock is a Hold with a Yen1064.00 price target. To see the full list of analyst forecasts on Hokkaido Electric Power Company,Incorporated stock, see the JP:9509 Stock Forecast page.

More about Hokkaido Electric Power Company,Incorporated

Hokkaido Electric Power Company, Incorporated is a regional utility serving Japan’s northernmost island, supplying electricity across Hokkaido’s cold, sparsely populated and energy‑intensive territory. The company is expanding beyond power generation and retail into an integrated energy provider, including gas production, pipelines and LNG infrastructure, with a strategic focus on decarbonization, electrification and meeting rising demand from next‑generation semiconductor plants and large‑scale data centers.

Average Trading Volume: 4,926,205

Technical Sentiment Signal: Buy

Current Market Cap: Yen217.2B

Learn more about 9509 stock on TipRanks’ Stock Analysis page.