NIPPON GAS CoLtd (JP:8174)
:8174
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NIPPON GAS Co
(8174)
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Rating:65Neutral
Price Target:
¥3,000.00
▼(-0.27% Downside)
Action:ReiteratedDate:05/02/26
The score is primarily supported by solid fundamentals—improving profitability and strong free cash flow—tempered by moderate balance-sheet leverage and longer-term margin pressure. Technicals are the main drag due to weak trend and negative momentum signals, while valuation is mixed with a supportive dividend yield but a mid-range P/E.
Positive Factors
Free cash flow generation
Consistently strong free cash flow (22.1B in FY2026) provides durable internal funding for maintenance capex, safety investments, dividends and debt service. High FCF coverage of earnings (~79%) supports capital allocation flexibility and reduces reliance on external financing over a multi‑month horizon.
Negative Factors
Rising leverage trend
A steady uptick in leverage, while moderate for the sector, reduces financial flexibility if interest rates rise or capex needs accelerate. The upward drift in debt-to-equity constrains capacity for opportunistic investments and increases sensitivity to funding costs over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Free cash flow generation
Consistently strong free cash flow (22.1B in FY2026) provides durable internal funding for maintenance capex, safety investments, dividends and debt service. High FCF coverage of earnings (~79%) supports capital allocation flexibility and reduces reliance on external financing over a multi‑month horizon.
Read all positive factors
NIPPON GAS Co (8174) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥304.97B
Dividend Yield3.28%
Average Volume (3M)291.71K
Price to Earnings (P/E)11.0
Beta (1Y)0.26
Revenue Growth4.21%
EPS Growth30.94%
CountryJP
Employees1,716
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)136.90
Shares Outstanding112,827,194
10 Day Avg. Volume227,610
30 Day Avg. Volume291,713
Financial Highlights & Ratios
PEG Ratio0.70
Price to Book (P/B)4.75
Price to Sales (P/S)1.53
P/FCF Ratio14.37
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)146.94
Revenue Forecast (FY)¥210.04B
NIPPON GAS Co Business Overview & Revenue Model
Company Description
NIPPON GAS Co (8174) is a prominent Japanese company primarily involved in the gas utility sector, focusing on the distribution and retail of natural gas to residential, commercial, and industrial customers. The company also engages in energy-rela...
How the Company Makes Money
The company’s earnings are primarily driven by the sale and distribution of LP gas to end users. Revenue is generated through (1) ongoing, recurring fuel sales where customers consume LP gas for cooking, hot water, and heating and are billed based...
NIPPON GAS Co Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
68
Positive
Cash Flow
77
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 208.48B | 200.06B | 194.36B | 207.94B | 162.55B |
| Gross Profit | 66.27B | 63.29B | 62.48B | 58.30B | 54.81B |
| EBITDA | 31.72B | 29.85B | 28.63B | 26.62B | 24.65B |
| Net Income | 14.81B | 11.55B | 10.82B | 10.57B | 9.97B |
Balance Sheet | |||||
| Total Assets | 163.59B | 156.07B | 159.56B | 154.93B | 153.90B |
| Cash, Cash Equivalents and Short-Term Investments | 23.93B | 19.81B | 18.99B | 13.05B | 17.02B |
| Total Debt | 49.96B | 46.94B | 47.19B | 40.58B | 45.94B |
| Total Liabilities | 96.11B | 88.61B | 86.83B | 80.63B | 82.00B |
| Stockholders Equity | 66.98B | 67.45B | 72.72B | 74.30B | 71.89B |
Cash Flow | |||||
| Free Cash Flow | 22.14B | 22.15B | 17.36B | 15.10B | 13.32B |
| Operating Cash Flow | 28.19B | 27.92B | 23.44B | 19.59B | 20.69B |
| Investing Cash Flow | -7.16B | -8.81B | -9.19B | -7.58B | -8.79B |
| Financing Cash Flow | -16.68B | -18.39B | -8.71B | -16.07B | -7.41B |
NIPPON GAS Co Technical Analysis
Neutral
3008.00
Price Trends
2951.04
Negative
2938.08
Negative
2828.71
Positive
Market Momentum
-19.80
Positive
45.81
Neutral
48.41
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:8174, the sentiment is Neutral. The current price of 3008 is above the 20-day moving average (MA) of 2919.84, above the 50-day MA of 2951.04, and above the 200-day MA of 2828.71, indicating a neutral trend. The MACD of -19.80 indicates Positive momentum. The RSI at 45.81 is Neutral, neither overbought nor oversold. The STOCH value of 48.41 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:8174.
NIPPON GAS Co Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥102.41B | 27.62 | 7.99% | 3.89% | -0.51% | 14.01% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | ¥304.97B | 11.01 | 20.44% | 3.28% | 4.21% | 30.94% | |
63 Neutral | ¥2.21T | 10.29 | 11.05% | 1.53% | 7.51% | 232.54% | |
63 Neutral | ¥2.26T | 11.58 | 10.44% | 1.98% | 1.99% | 95.71% | |
61 Neutral | ¥81.75B | 19.64 | 9.07% | 3.61% | 2.90% | 13.95% | |
59 Neutral | ¥451.24B | 15.57 | 6.03% | 1.81% | -0.75% | 33.35% |
* Utilities Sector Average
JP:8174
NIPPON GAS Co
2,791.00
332.61
13.53%
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NIPPON GAS Co Corporate Events
Nippon Gas to Cancel 4.3% of Shares in Capital Optimization Move
Apr 30, 2026
Nippon Gas Co. has resolved to cancel 4,875,400 shares of its treasury stock, equivalent to 4.3% of its outstanding shares excluding treasury holdings. Following the cancellation, scheduled for 14 May 2026, the company’s total shares outstan...
Nippon Gas Delivers Strong FY2026 Earnings and Hikes Dividend Despite Softer Outlook
Apr 30, 2026
Nippon Gas reported solid results for the fiscal year ended March 31, 2026, with net sales rising 4.2% to ¥208.48 billion and operating income climbing 14.7% to ¥21.28 billion. Profit attributable to owners of parent jumped 28.3% to ...
Nippon Gas Concludes Share Buyback as Part of Capital Efficiency Drive
Apr 1, 2026
Nippon Gas Co., Ltd. has completed a share repurchase program authorized in October 2025, buying back 281,900 common shares for about ¥858 million between March 1 and March 31, 2026 via market purchases on the Tokyo Stock Exchange. In total u...
Nippon Gas Reshapes Branch Network and Leadership in Regional Expansion Drive
Mar 19, 2026
Nippon Gas Co., Ltd. will establish a new Chubu Branch within its Sales Headquarters on April 1, 2026, to focus on the Yamanashi, Nagano, and Shizuoka prefectures, expanding its network to 11 branches and aiming to reinforce its regional sales cap...
Nippon Gas Nears Halfway Mark in Share Buyback Program
Mar 2, 2026
Nippon Gas Co., Ltd. reported progress on its ongoing share repurchase program, disclosing that it bought back 590,500 common shares for approximately 1.73 billion yen via market purchases on the Tokyo Stock Exchange between February 1 and Februar...
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.