Hokkaido Gas to Consolidate Ishikari Gas-Fired Power Business in Wholly Owned Subsidiary

Hokkaido Gas Co., Ltd. ( (JP:9534) ) has provided an update.

Hokkaido Gas will transfer the assets, rights and obligations of its natural gas-fired thermal power generation business at the Kitagas Ishikari Power Plant to its wholly owned subsidiary Energy Solution Co., Ltd. via an absorption-type company split effective February 1, 2026. By consolidating gas-fired power generation operations under Energy Solution, which already has experience in power generation and cogeneration, the company aims to strengthen operational and technical know-how in a power source it views as having long-term competitiveness; the internal reorganization involves no change in share capital, no consideration or new securities issued, requires no general meeting approval, and is not expected to impair the financial soundness or obligation-fulfillment capacity of either entity, suggesting limited immediate impact on shareholders but clearer structural positioning for future power business development.

The most recent analyst rating on (JP:9534) stock is a Buy with a Yen823.00 price target. To see the full list of analyst forecasts on Hokkaido Gas Co., Ltd. stock, see the JP:9534 Stock Forecast page.

More about Hokkaido Gas Co., Ltd.

Hokkaido Gas Co., Ltd. is a long-established Japanese utility headquartered in Sapporo that operates gas and related energy businesses, including natural gas supply and associated services, primarily in Hokkaido. Through subsidiaries such as Energy Solution Co., Ltd., which focuses on energy services and power-related operations including cogeneration, the group is expanding its role in power generation and broader energy solutions for the region.

Average Trading Volume: 103,944

Technical Sentiment Signal: Buy

Current Market Cap: Yen66.16B

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