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Hokkaido Electric Power Company,Incorporated
(9509)
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Rating:50Neutral
Price Target:
¥907.00
▼(-17.55% Downside)
Action:Downgraded
Date: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
Operating as the primary utility in Hokkaido gives durable structural advantages: regulated transmission and distribution revenues, captive residential and commercial demand, and limited local competition. These characteristics support predictable, contract-like cash flows and long-term planning over the coming months.
Negative Factors
High leverage
Debt levels many times equity leave the company exposed to interest-rate and refinancing risk; high leverage restricts strategic flexibility, elevates default risk if earnings slip, and increases the share of cash flow devoted to interest—weakening resilience over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated regional utility
Operating as the primary utility in Hokkaido gives durable structural advantages: regulated transmission and distribution revenues, captive residential and commercial demand, and limited local competition. These characteristics support predictable, contract-like cash flows and long-term planning over the coming months.
Read all positive factors
Hokkaido Electric Power Company,Incorporated (9509) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥199.14B
Dividend Yield2.36%
Average Volume (3M)4.83M
Price to Earnings (P/E)4.5
Beta (1Y)1.21
Revenue Growth-5.11%
EPS Growth-31.49%
CountryJP
Employees9,239
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)214.27
Shares Outstanding215,291,900
10 Day Avg. Volume3,993,260
30 Day Avg. Volume4,832,313
Financial Highlights & Ratios
PEG Ratio-0.16
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
¥1,980.00Price Target Upside80.00% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)131.93
Revenue Forecast (FY)¥894.13B
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, water supply and drain...
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 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 854.76B | 902.05B | 953.78B | 888.87B | 663.41B |
| Gross Profit | 73.24B | 157.30B | 187.70B | 55.95B | 104.75B |
| EBITDA | 148.67B | 168.59B | 179.40B | 67.94B | 103.77B |
| Net Income | 44.00B | 64.22B | 66.20B | -22.19B | 6.87B |
Balance Sheet | |||||
| Total Assets | 2.47T | 2.24T | 2.16T | 2.10T | 2.00T |
| Cash, Cash Equivalents and Short-Term Investments | 184.61B | 156.32B | 110.71B | 89.87B | 88.89B |
| Total Debt | 1.56T | 1.43T | 1.41T | 1.48T | 1.39T |
| Total Liabilities | 2.00T | 1.84T | 1.82T | 1.84T | 1.71T |
| Stockholders Equity | 456.95B | 391.93B | 319.38B | 244.81B | 272.65B |
Cash Flow | |||||
| Free Cash Flow | -103.02B | -42.54B | 62.19B | -105.33B | 24.55B |
| Operating Cash Flow | 114.55B | 125.59B | 176.13B | -574.00M | 102.34B |
| Investing Cash Flow | -213.07B | -90.70B | -80.84B | -85.25B | -77.72B |
| Financing Cash Flow | 126.81B | 10.73B | -74.65B | 86.80B | -19.49B |
Hokkaido Electric Power Company,Incorporated Technical Analysis
Negative
1100.00
Price Trends
945.79
Positive
1011.79
Negative
1044.29
Negative
Market Momentum
7.95
Negative
51.68
Neutral
67.85
Neutral
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 939.37, above the 50-day MA of 945.79, and above the 200-day MA of 1044.29, indicating a neutral trend. The MACD of 7.95 indicates Negative momentum. The RSI at 51.68 is Neutral, neither overbought nor oversold. The STOCH value of 67.85 is Neutral, 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 | ¥544.53B | 6.46 | 16.40% | 3.47% | -10.30% | -53.53% | |
57 Neutral | ¥187.97B | 3.44 | 17.23% | 2.31% | -8.96% | -16.42% | |
50 Neutral | ¥199.14B | 4.52 | 13.70% | 2.36% | -5.11% | -31.49% | |
49 Neutral | ¥331.98B | 4.84 | 12.27% | 3.23% | -5.68% | -30.36% | |
49 Neutral | ¥49.59B | 8.00 | 4.73% | 2.31% | -6.92% | 44.24% | |
43 Neutral | ¥769.69B | -1.71 | -22.13% | ― | -7.07% | -381.73% |
* Utilities Sector Average
JP:9509
Hokkaido Electric Power Company,Incorporated
990.80
223.09
29.06%
JP:9504
Chugoku Electric Power Co
923.00
197.03
27.14%
JP:9505
Hokuriku Electric Power Company
902.20
191.26
26.90%
JP:9511
Okinawa Electric Power Co
918.00
21.94
2.45%
JP:9506
Tohoku Electric Power Company
1,103.00
81.92
8.02%
JP:9501
Tokyo Electric Power Company Holdings
503.10
-13.40
-2.59%
Hokkaido Electric Power Company,Incorporated Corporate Events
Hokkaido Electric Power Lowers Conversion Price on 2031 Zero Coupon Convertible Bonds
Jun 25, 2026
Hokkaido Electric Power Company has adjusted the conversion price of its zero coupon convertible bonds with stock acquisition rights due 2031 from ¥1,353.0 to ¥1,332.4, effective April 1, 2026. The change follows shareholder approval of ...
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...
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.