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Hokuriku Electric Power Company
(9505)
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Rating:64Neutral
Price Target:
¥980.00
▲(0.41% Upside)
Action:Reiterated
Date:08/06/26
The score is supported primarily by attractive valuation (very low P/E and a ~2.6% dividend yield). Financial performance is improving with a clear return to profitability and positive cash generation, but the overall score is capped by still-high leverage and uneven revenue/free-cash-flow consistency. Technicals are mixed and do not add a strong positive catalyst.
Positive Factors
Return to Profitability
A sustained return to operating profitability across 2024–2026 demonstrates the company regained operational control after the prior loss period. That durability supports coverage of fixed grid costs, underpins internal cash generation and reduces reliance on emergency financing over the medium term.
Negative Factors
Elevated Leverage
Very high debt-to-equity ratios leave the company exposed to interest-cost increases and limit strategic flexibility. Sustained leverage above 3x constrains the ability to fund large capital needs, raises refinancing risk, and amplifies earnings volatility if margins or demand weaken.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to Profitability
A sustained return to operating profitability across 2024–2026 demonstrates the company regained operational control after the prior loss period. That durability supports coverage of fixed grid costs, underpins internal cash generation and reduces reliance on emergency financing over the medium term.
Read all positive factors
Hokuriku Electric Power Company (9505) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥206.84B
Dividend Yield2.56%
Average Volume (3M)1.02M
Price to Earnings (P/E)4.3
Beta (1Y)0.75
Revenue Growth-7.27%
EPS Growth-27.05%
CountryJP
Employees6,895
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)233.00
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 Company makes money mainly by providing electricity services across the value chain: (1) Electricity retail (sales to end users): The company earns revenue by selling electricity to households, businesses, and industrial us...
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 | 799.49B | 786.55B | 835.50B | 808.24B | 817.60B | 613.76B |
| Gross Profit | 77.78B | 87.46B | 135.31B | 172.41B | -22.11B | 33.92B |
| EBITDA | 137.69B | 151.08B | 167.39B | 135.79B | -22.99B | 64.97B |
| Net Income | 48.68B | 54.47B | 65.15B | 56.81B | -88.45B | -6.76B |
Balance Sheet | ||||||
| Total Assets | 1.87T | 1.84T | 1.86T | 1.86T | 1.81T | 1.66T |
| Cash, Cash Equivalents and Short-Term Investments | 134.30B | 185.48B | 239.37B | 225.04B | 165.46B | 105.60B |
| Total Debt | 1.15T | 1.10T | 1.16T | 1.19T | 1.28T | 1.04T |
| Total Liabilities | 1.40T | 1.39T | 1.46T | 1.53T | 1.55T | 1.32T |
| Stockholders Equity | 471.02B | 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
Positive
976.00
Price Trends
915.71
Positive
932.92
Positive
955.43
Positive
Market Momentum
16.79
Negative
58.25
Neutral
86.59
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9505, the sentiment is Positive. The current price of 976 is above the 20-day moving average (MA) of 956.59, above the 50-day MA of 915.71, and above the 200-day MA of 955.43, indicating a bullish trend. The MACD of 16.79 indicates Negative momentum. The RSI at 58.25 is Neutral, neither overbought nor oversold. The STOCH value of 86.59 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥2.79T | 6.98 | 11.51% | 3.17% | -2.90% | -7.99% | |
72 Outperform | ¥664.99B | 7.95 | 7.93% | 3.50% | 2.21% | -47.89% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
64 Neutral | ¥206.84B | 4.25 | 12.63% | 2.31% | -7.27% | -27.05% | |
60 Neutral | ¥223.38B | 7.99 | 9.95% | 3.18% | -3.77% | -56.08% | |
55 Neutral | ¥355.58B | 9.42 | 9.14% | 2.87% | -4.69% | -62.74% | |
51 Neutral | ¥880.08B | 2.20 | -14.76% | ― | -5.31% | ― |
* Utilities Sector Average
JP:9505
Hokuriku Electric Power Company
976.20
112.63
13.04%
JP:9504
Chugoku Electric Power Co
980.10
116.87
13.54%
JP:9503
Kansai Electric Power Company
2,582.00
627.34
32.09%
JP:9506
Tohoku Electric Power Company
1,309.50
206.31
18.70%
JP:9501
Tokyo Electric Power Company Holdings
536.00
-169.20
-23.99%
JP:9509
Hokkaido Electric Power Company,Incorporated
1,074.50
0.81
0.08%
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.