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Hokuriku Electric Power Company
(9505)
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Rating:57Neutral
Price Target:
¥995.00
▲(1.95% Upside)
Action:Reiterated
Date:05/01/26
The score is supported primarily by the profitability/cash-flow recovery and improving balance-sheet trend, plus a very low P/E with a moderate dividend yield. These positives are tempered by still-elevated leverage and clearly bearish technicals (below major moving averages with negative MACD).
Positive Factors
Profitability recovery
A multi-year return to profitability and positive cash flow restores the firm's core earnings capacity and underwriting of regulated operations. This durable recovery improves internal funding for maintenance, reduces short-term reliance on markets, and strengthens resilience vs. the 2022–2023 loss period.
Negative Factors
Elevated leverage
Structurally high leverage leaves limited headroom for new investment and raises interest expense sensitivity. For a capital-intensive regulated utility, sustained debt several times equity constrains strategic flexibility, heightens refinancing risk, and can amplify earnings stress if margins or cash flow weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Profitability recovery
A multi-year return to profitability and positive cash flow restores the firm's core earnings capacity and underwriting of regulated operations. This durable recovery improves internal funding for maintenance, reduces short-term reliance on markets, and strengthens resilience vs. the 2022–2023 loss period.
Read all positive factors
Hokuriku Electric Power Company (9505) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥200.73B
Dividend Yield2.6%
Average Volume (3M)1.02M
Price to Earnings (P/E)4.1
Beta (1Y)0.70
Revenue Growth-7.27%
EPS Growth-27.05%
CountryJP
Employees6,895
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)260.74
Shares Outstanding210,333,700
10 Day Avg. Volume1,183,270
30 Day Avg. Volume1,015,083
Financial Highlights & Ratios
PEG Ratio-0.25
Price to Book (P/B)0.50
Price to Sales (P/S)0.28
P/FCF Ratio8.12
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥970.00Price Target Upside-0.61% Downside
Rating ConsensusHold
Number of Analyst Covering2
EPS Forecast (FY)130.19
Revenue Forecast (FY)¥771.67B
Hokuriku Electric Power Company Business Overview & Revenue Model
Company Description
Hokuriku Electric Power Company supplies electricity through power generation, transmission, and distribution systems in Japan. The company generates electricity through hydroelectric, thermal, and nuclear sources. It is also involved in the sale ...
How the Company Makes Money
Hokuriku Electric Power primarily makes money by selling electricity to end customers in its service area. Revenue is generated from electricity charges billed to regulated/standard supply customers and, where applicable, from offerings in competi...
Hokuriku Electric Power Company Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
48
Neutral
Cash Flow
57
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 786.55B | 835.50B | 808.24B | 817.60B | 613.76B |
| Gross Profit | 87.46B | 135.31B | 172.41B | -22.11B | 33.92B |
| EBITDA | 151.08B | 167.39B | 135.79B | -22.99B | 64.97B |
| Net Income | 54.47B | 65.15B | 56.81B | -88.45B | -6.76B |
Balance Sheet | |||||
| Total Assets | 1.84T | 1.86T | 1.86T | 1.81T | 1.66T |
| Cash, Cash Equivalents and Short-Term Investments | 185.48B | 239.37B | 225.04B | 165.46B | 105.60B |
| Total Debt | 1.10T | 1.16T | 1.19T | 1.28T | 1.04T |
| Total Liabilities | 1.39T | 1.46T | 1.53T | 1.55T | 1.32T |
| Stockholders Equity | 449.13B | 380.73B | 307.89B | 233.49B | 324.90B |
Cash Flow | |||||
| Free Cash Flow | 27.45B | 65.65B | 152.85B | -179.47B | -52.42B |
| Operating Cash Flow | 117.46B | 152.29B | 223.33B | -97.05B | 30.95B |
| Investing Cash Flow | -48.57B | -234.06B | -69.47B | -88.84B | -111.04B |
| Financing Cash Flow | -57.91B | -48.87B | -93.73B | 245.75B | 52.78B |
Hokuriku Electric Power Company Technical Analysis
Neutral
976.00
Price Trends
884.12
Positive
945.53
Negative
950.52
Negative
Market Momentum
19.16
Positive
51.79
Neutral
20.78
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9505, the sentiment is Neutral. The current price of 976 is above the 20-day moving average (MA) of 932.50, above the 50-day MA of 884.12, and above the 200-day MA of 950.52, indicating a neutral trend. The MACD of 19.16 indicates Positive momentum. The RSI at 51.79 is Neutral, neither overbought nor oversold. The STOCH value of 20.78 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9505.
Hokuriku Electric Power Company Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ¥2.61T | 6.51 | 11.51% | 3.17% | -2.90% | -7.99% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
62 Neutral | ¥590.02B | 7.08 | 7.93% | 3.50% | 2.21% | -47.89% | |
57 Neutral | ¥200.73B | 4.13 | 12.63% | 2.31% | -7.27% | -27.05% | |
55 Neutral | ¥338.86B | 8.91 | 9.14% | 2.87% | -4.69% | -62.74% | |
50 Neutral | ¥210.65B | 7.52 | 9.95% | 3.18% | -3.77% | -56.08% | |
43 Neutral | ¥833.13B | 2.12 | -14.76% | ― | -5.31% | ― |
* Utilities Sector Average
JP:9505
Hokuriku Electric Power Company
931.90
139.62
17.62%
JP:9504
Chugoku Electric Power Co
912.10
97.57
11.98%
JP:9503
Kansai Electric Power Company
2,387.50
509.94
27.16%
JP:9506
Tohoku Electric Power Company
1,186.50
138.86
13.25%
JP:9501
Tokyo Electric Power Company Holdings
522.80
-107.20
-17.02%
JP:9509
Hokkaido Electric Power Company,Incorporated
1,014.00
76.74
8.19%
Hokuriku Electric Power Company Corporate Events
Hokuriku Electric Power Posts Higher Revenue but Profit Slump, Keeps Dividend Outlook
Jul 29, 2026
Hokuriku Electric Power Company reported a 7.0% rise in operating revenues to ¥199.0 billion for the quarter ended June 30, 2026, but profits declined sharply amid weaker margins. Operating profit fell 26.7% to ¥26.6 billion and profit a...
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.