Hokkaido Electric Power Company,Incorporated (JP:9509)
:9509
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Hokkaido Electric Power Company,Incorporated
(9509)
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Rating:50Neutral
Price Target:
¥1,037.00
▼(-5.73% Downside)
Action:DowngradedDate:04/30/26
The score is held back mainly by constrained financial resilience (high leverage and a return to negative free cash flow) alongside weakening recent revenue and gross profit. Technicals also remain weak with the stock below key moving averages and negative MACD. These risks are partly offset by a reasonable P/E and a solid dividend yield.
Positive Factors
Regulated regional utility franchise
Hokkaido Electric’s integrated generation, transmission, distribution and retail franchise in a defined region creates durable demand and high barriers to entry. The captive customer base and network assets support predictable regulated cash flows and long-term service obligations that stabilize revenue.
Negative Factors
Elevated leverage
Debt-to-equity near 3.7x (over 4x previously) leaves the company heavily leveraged versus earnings. High leverage raises refinancing and interest-rate vulnerability, constrains strategic flexibility, and increases the probability that adverse earnings or cash shocks impair financial stability.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated regional utility franchise
Hokkaido Electric’s integrated generation, transmission, distribution and retail franchise in a defined region creates durable demand and high barriers to entry. The captive customer base and network assets support predictable regulated cash flows and long-term service obligations that stabilize revenue.
Read all positive factors
Hokkaido Electric Power Company,Incorporated (9509) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥205.32B
Dividend Yield2.36%
Average Volume (3M)4.83M
Price to Earnings (P/E)―
Beta (1Y)1.22
Revenue Growth-5.11%
EPS Growth-31.49%
CountryJP
Employees9,206
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)310.47
Shares Outstanding215,291,900
10 Day Avg. Volume3,993,260
30 Day Avg. Volume4,832,313
Financial Highlights & Ratios
PEG Ratio-0.15
Price to Book (P/B)0.47
Price to Sales (P/S)0.25
P/FCF Ratio-2.10
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥2,400.00Price Target Upside118.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)138.64
Revenue Forecast (FY)¥867.48B
Hokkaido Electric Power Company,Incorporated Business Overview & Revenue Model
Company Description
Hokkaido Electric Power Company, Incorporated generates, transmits, and distributes electricity in Japan. The company undertakes electrical and telecommunication, civil engineering and construction, piping, air-conditioning and water supply/draina...
How the Company Makes Money
The company primarily makes money by selling electricity to end users in Hokkaido under retail electricity supply arrangements, generating revenue based on the volume of electricity sold and applicable tariffs/pricing plans. A second major source ...
Hokkaido Electric Power Company,Incorporated Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
46
Neutral
Cash Flow
41
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 901.98B | 855.98B | 902.05B | 953.78B | 888.87B | 663.41B |
| Gross Profit | 85.06B | 73.24B | 157.30B | 187.70B | 55.95B | 104.75B |
| EBITDA | 157.80B | 145.79B | 149.83B | 179.37B | 62.44B | 106.91B |
| Net Income | 63.75B | 44.00B | 64.22B | 66.20B | -22.19B | 6.87B |
Balance Sheet | ||||||
| Total Assets | 2.26T | 2.47T | 2.24T | 2.16T | 2.10T | 2.00T |
| Cash, Cash Equivalents and Short-Term Investments | 144.37B | 184.61B | 156.32B | 110.71B | 89.87B | 88.89B |
| Total Debt | 1.45T | 1.56T | 1.43T | 1.41T | 1.48T | 1.39T |
| Total Liabilities | 1.82T | 2.00T | 1.84T | 1.82T | 1.84T | 1.71T |
| Stockholders Equity | 425.20B | 456.95B | 391.93B | 319.38B | 244.81B | 272.65B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -103.02B | -42.54B | 62.19B | -105.33B | 24.55B |
| Operating Cash Flow | 0.00 | 114.55B | 125.59B | 176.13B | -574.00M | 102.34B |
| Investing Cash Flow | 0.00 | -213.07B | -90.70B | -80.84B | -85.25B | -77.72B |
| Financing Cash Flow | 0.00 | 126.81B | 10.73B | -74.65B | 86.80B | -19.49B |
Hokkaido Electric Power Company,Incorporated Technical Analysis
Negative
1100.00
Price Trends
1086.79
Negative
1081.22
Negative
1044.12
Negative
Market Momentum
-7.32
Positive
44.82
Neutral
17.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9509, the sentiment is Negative. The current price of 1100 is above the 20-day moving average (MA) of 1069.44, above the 50-day MA of 1086.79, and above the 200-day MA of 1044.12, indicating a bearish trend. The MACD of -7.32 indicates Positive momentum. The RSI at 44.82 is Neutral, neither overbought nor oversold. The STOCH value of 17.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9509.
Hokkaido Electric Power Company,Incorporated 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% | |
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% | |
49 Neutral | ¥50.94B | -2.83 | 4.73% | 2.31% | -6.92% | 44.23% | |
43 Neutral | ¥981.66B | 1.23 | -22.13% | ― | -7.07% | -381.65% |
* Utilities Sector Average
JP:9509
Hokkaido Electric Power Company,Incorporated
1,000.00
282.28
39.33%
JP:9504
Chugoku Electric Power Co
896.40
174.80
24.22%
JP:9505
Hokuriku Electric Power Company
864.90
152.30
21.37%
JP:9511
Okinawa Electric Power Co
938.00
48.74
5.48%
JP:9506
Tohoku Electric Power Company
1,064.00
64.66
6.47%
JP:9501
Tokyo Electric Power Company Holdings
612.70
201.30
48.93%
Hokkaido Electric Power Company,Incorporated Corporate Events
Hokkaido Electric Power Subsidiary HOKKAIDENKO Beats Forecasts With Strong FY2026 Earnings
Apr 28, 2026
Hokkaido Electric Power said its subsidiary HOKKAIDENKO CORPORATION reported stronger-than-expected results for the fiscal year ended March 31, 2026, with operating revenue, operating income, ordinary income and profit attributable to owners of pa...
Hokkaido Electric Power Lifts Year-End Dividend, Targets Higher Shareholder Returns
Apr 28, 2026
Hokkaido Electric Power has resolved to increase its year-end dividend for the fiscal year ended March 31, 2026, reflecting improved earnings and balance-sheet recovery. The board approved a dividend of 17 yen per share, up from the previously for...
Hokkaido Electric Power Lifts Dividends Despite Profit Decline and Weak Outlook
Apr 28, 2026
Hokkaido Electric Power reported consolidated operating revenue of ¥855.98 billion for the fiscal year ended March 31, 2026, down 5.1% year-on-year, with operating income slipping 3.4% to ¥73.24 billion and ordinary income down 4.2% to &...
Hokkaido Electric Power Lifts Profit Outlook Despite Lower Revenue Forecast
Apr 24, 2026
Hokkaido Electric Power revised its consolidated forecast for the fiscal year ended March 31, 2026, ahead of its results announcement on April 28. The utility now expects operating revenue of ¥856.0 billion, down ¥11.0 billion from its J...
Hokkaido Electric Power Ups Output, Accelerates Work at Ishikariwan Shinko Plant
Feb 27, 2026
Hokkaido Electric Power has revised the planned output and construction schedule for its Ishikariwan Shinko LNG thermal power station, increasing total capacity and moving up work on a key unit. The adjustments reflect detailed design reviews of f...
Mizuho Entities Plan Purchase of Hokkaido Electric’s 2031 Convertible Bonds
Feb 12, 2026
Hokkaido Electric Power said it has been notified that Mizuho Securities and its subsidiary Mizuho International plan to purchase portions of the company’s zero coupon convertible bonds due 2031, which are scheduled to be issued in overseas ...
Hokkaido Electric Power Sets Terms for 2031 Zero-Coupon Convertible Bonds
Feb 12, 2026
Hokkaido Electric Power has set the key terms for its Zero Coupon Convertible Bonds due 2031, following a board resolution on February 12, 2026. The bonds are structured as bonds with stock acquisition rights, with the asset contribution on exerci...
Hokkaido Electric Power to Issue ¥40 Billion Zero-Coupon Convertible Bonds for Gas and Clean Energy Push
Feb 12, 2026
Hokkaido Electric Power Company has approved the issuance of ¥40 billion in zero-coupon convertible bonds due 2031, aiming to strengthen its financial base, diversify funding sources and reduce capital costs as it pushes forward with decarbon...
Hokkaido Electric Power Confirms Reviewed Nine-Month Results, Profit Dips as Earnings Mix Shifts
Feb 6, 2026
Hokkaido Electric Power Company reported consolidated operating revenue of ¥617.7 billion for the nine months ended December 31, 2025, down 4.4% year on year, while operating income rose 22.7% to ¥79.2 billion and ordinary income increas...
Hokkaido Electric Power Lifts Profitability but Cuts Full-Year Forecast, Raises Dividend
Jan 30, 2026
For the nine months ended December 31, 2025, Hokkaido Electric Power reported a 4.4% year-on-year decline in operating revenue to ¥617.7 billion, but operating and ordinary income rose 22.7% and 19.7% respectively, reflecting improved profita...
Hokkaido Electric Launches Tomakomai-Centered Energy Chain to Drive Carbon Neutrality and Growth
Jan 30, 2026
Hokkaido Electric Power Company has unveiled a new energy supply chain initiative centered on the Tomakomai area to drive carbon neutrality in Hokkaido and underpin its long‑term growth. Leveraging the region’s heavy dependence on oil ...
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.