Hokuriku Electric Power Company (JP:9505)
:9505
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Hokuriku Electric Power Company
(9505)
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Rating:57Neutral
Price Target:
¥903.00
▼(-7.48% Downside)
Action:ReiteratedDate: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
Return to profitability
The company moved from losses in 2022–2023 to solid earnings and positive operating profit across 2024–2026. Sustained profitability improves internal capital for maintenance and investments, reduces dependence on external financing, and strengthens resilience to cyclical shocks over the medium term.
Negative Factors
Elevated leverage
Leverage remains high with debt several times equity, which limits financial flexibility and increases refinancing and interest-rate risk. A debt-heavy capital structure can constrain capex, dividend policy and strategic investments if earnings or cash flow weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to profitability
The company moved from losses in 2022–2023 to solid earnings and positive operating profit across 2024–2026. Sustained profitability improves internal capital for maintenance and investments, reduces dependence on external financing, and strengthens resilience to cyclical shocks over the medium term.
Read all positive factors
Hokuriku Electric Power Company (9505) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥180.56B
Dividend Yield2.31%
Average Volume (3M)1.02M
Price to Earnings (P/E)―
Beta (1Y)0.87
Revenue Growth-7.70%
EPS Growth-16.43%
CountryJP
Employees8,541
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)319.43
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)174.16
Revenue Forecast (FY)¥799.67B
Hokuriku Electric Power Company Business Overview & Revenue Model
Company Description
Hokuriku Electric Power Company supplies electricity through integrated power generation, transmission, and distribution systems in Japan. The company generates electricity through hydroelectric, thermal, photovoltaic, and nuclear sources. It is a...
How the Company Makes Money
Hokuriku Electric Power primarily makes money by selling electricity to end customers in its service area and, where applicable, through broader electricity market transactions. Its main revenue stream is retail electricity sales, where customers ...
Hokuriku Electric Power Company Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
48
Neutral
Cash Flow
57
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 850.60B | 786.55B | 835.50B | 808.24B | 817.60B | 613.76B |
| Gross Profit | 95.19B | 87.46B | 135.31B | 172.41B | -22.11B | 33.92B |
| EBITDA | 159.75B | 151.70B | 142.05B | 180.14B | -10.27B | 43.23B |
| Net Income | 66.71B | 54.47B | 65.15B | 56.81B | -88.45B | -6.76B |
Balance Sheet | ||||||
| Total Assets | 1.84T | 1.84T | 1.86T | 1.86T | 1.81T | 1.66T |
| Cash, Cash Equivalents and Short-Term Investments | 208.31B | 185.48B | 239.37B | 225.04B | 165.46B | 105.60B |
| Total Debt | 1.16T | 1.10T | 1.16T | 1.19T | 1.28T | 1.04T |
| Total Liabilities | 1.42T | 1.39T | 1.46T | 1.53T | 1.55T | 1.32T |
| Stockholders Equity | 403.58B | 449.13B | 380.73B | 307.89B | 233.49B | 324.90B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 27.45B | 65.65B | 152.85B | -179.47B | -52.42B |
| Operating Cash Flow | 0.00 | 117.46B | 152.29B | 223.33B | -97.05B | 30.95B |
| Investing Cash Flow | 0.00 | -48.57B | -234.06B | -69.47B | -88.84B | -111.04B |
| Financing Cash Flow | 0.00 | -57.91B | -48.87B | -93.73B | 245.75B | 52.78B |
Hokuriku Electric Power Company Technical Analysis
Neutral
976.00
Price Trends
1057.64
Positive
1011.91
Positive
918.74
Positive
Market Momentum
7.93
Positive
45.75
Neutral
8.82
Positive
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 below the 20-day moving average (MA) of 1083.80, below the 50-day MA of 1057.64, and above the 200-day MA of 918.74, indicating a neutral trend. The MACD of 7.93 indicates Positive momentum. The RSI at 45.75 is Neutral, neither overbought nor oversold. The STOCH value of 8.82 is Positive, 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
62 Neutral | ¥531.79B | -4.76 | 16.40% | 3.47% | -10.30% | -53.53% | |
59 Neutral | ¥2.57T | 18.06 | 14.42% | 2.44% | -6.47% | -23.93% | |
57 Neutral | ¥180.56B | -9.52 | 17.23% | 2.31% | -7.70% | -16.43% | |
50 Neutral | ¥205.32B | -11.24 | 13.70% | 2.36% | -5.11% | -31.49% | |
49 Neutral | ¥322.94B | -53.90 | 12.27% | 3.23% | -5.68% | -30.36% | |
43 Neutral | ¥981.66B | 1.23 | -22.13% | ― | -7.07% | -381.65% |
* Utilities Sector Average
JP:9505
Hokuriku Electric Power Company
864.90
136.50
18.74%
JP:9504
Chugoku Electric Power Co
896.40
171.79
23.71%
JP:9503
Kansai Electric Power Company
2,404.00
793.63
49.28%
JP:9506
Tohoku Electric Power Company
1,064.00
56.93
5.65%
JP:9501
Tokyo Electric Power Company Holdings
612.70
197.10
47.43%
JP:9509
Hokkaido Electric Power Company,Incorporated
1,000.00
259.11
34.97%
Hokuriku Electric Power Company Corporate Events
Hokuriku Electric Power Faces 20 Billion Yen Hit After Major Transformer Failure
Apr 28, 2026
Hokuriku Electric Power Company reported that its 700,000 kW Nanao Ohta Thermal Power Station Unit 2 automatically shut down on December 30, 2025, after protective equipment reacted to an abnormality in the main transformer. An internal inspection...
Hokuriku Electric Finalizes Output for New LNG Unit at Toyama Shinko Plant
Apr 28, 2026
Hokuriku Electric Power Company has finalized the output specifications for the new LNG-fired Unit 2 at its Toyama Shinko Thermal Power Station, setting capacity at 630,000 kW with an approximate generation-end efficiency of 64 percent using LNG f...
Hokuriku Electric Power Revamps Executive Lineup Ahead of 2026 Shareholders’ Meetings
Apr 28, 2026
Hokuriku Electric Power Company has announced a slate of executive appointments for both the parent company and its transmission and distribution subsidiary, centering on leadership continuity and targeted shifts in key operational areas. Represen...
Hokuriku Electric Power Posts Lower Earnings but Raises Dividend, Warns of Further Profit Drop
Apr 28, 2026
Hokuriku Electric Power reported a decline in fiscal 2026 performance, with operating revenues down 8.4% to ¥786.6 billion and profit attributable to owners of the parent falling 16.4% to ¥54.5 billion, even as equity and the equity-to-a...
Hokuriku Electric Lowers Profit Outlook After Fukui Thermal Plant Decision
Mar 24, 2026
Hokuriku Electric Power Company has revised its consolidated earnings forecast for the fiscal year ending March 2026, keeping operating revenue, operating profit, and ordinary profit unchanged but cutting profit attributable to owners of parent fr...
Hokuriku Electric to Retire Aging Fukui Thermal Unit, Book ¥8.5 Billion Loss
Mar 24, 2026
Hokuriku Electric Power Company will decommission the Fukui Thermal Power Station Mikuni Unit 1, a 250,000 kW heavy oil-fired plant that began operation in 1978, by March 31, 2028, citing aging facilities, a worsening fuel procurement environment,...
Hokuriku Electric Power Lifts FY2026 Profit and Dividend Forecasts on Strong Hydropower
Feb 27, 2026
Hokuriku Electric Power Company has raised its consolidated earnings forecast for the fiscal year ending March 2026, keeping operating revenue unchanged at ¥780 billion but lifting operating profit from ¥70 billion to ¥89 billion an...
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.