SAIBU GAS HOLDINGS CO. LTD. (JP:9536)
:9536
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SAIBU GAS HOLDINGS CO. LTD.
(9536)
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Rating:61Neutral
Price Target:
¥2,359.00
▲(7.72% Upside)
Action:ReiteratedDate:05/01/26
The score is anchored by attractive valuation (low P/E and a ~3.13% dividend yield), but is held back by high leverage and inconsistent free cash flow, alongside weak technical momentum with the stock trading below key moving averages and a negative MACD.
Positive Factors
Regulated regional gas franchise
Operating as a regulated city gas supplier in Kyushu gives Saibu Gas durable, utility-like revenue streams and a captive customer base. Pipeline distribution and long-term supply relationships create barriers to entry and predictable demand, supporting steady cash flows over time.
Negative Factors
High and persistent leverage
Sustained total debt near 275–285B and elevated debt/equity (~2.7–2.9x) constrain financial flexibility. High leverage raises refinancing and interest-rate vulnerability, limits ability to fund strategic investments, and increases default risk if cash flows deteriorate.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated regional gas franchise
Operating as a regulated city gas supplier in Kyushu gives Saibu Gas durable, utility-like revenue streams and a captive customer base. Pipeline distribution and long-term supply relationships create barriers to entry and predictable demand, supporting steady cash flows over time.
Read all positive factors
SAIBU GAS HOLDINGS CO. LTD. (9536) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥81.75B
Dividend Yield3.61%
Average Volume (3M)46.29K
Price to Earnings (P/E)19.6
Beta (1Y)0.45
Revenue Growth2.90%
EPS Growth13.95%
CountryJP
Employees3,852
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)216.25
Shares Outstanding37,187,570
10 Day Avg. Volume50,780
30 Day Avg. Volume46,286
Financial Highlights & Ratios
PEG Ratio0.91
Price to Book (P/B)0.80
Price to Sales (P/S)0.35
P/FCF Ratio-20.96
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)N/A
Revenue Forecast (FY)N/A
SAIBU GAS HOLDINGS CO. LTD. Business Overview & Revenue Model
Company Description
Saibu Gas Holdings Co.,Ltd. produces, supplies, and sells natural gas in Japan. The company also utilizes LNG cryogenic energy; and sells LNG. In addition, it produces, sells, and installs gas equipment and apparatus, as well as undertakes related...
How the Company Makes Money
The company makes money primarily through its city gas business. Key revenue streams include (1) retail sales of city gas to residential customers (usage-based billing and, where applicable, basic charges), (2) supply contracts with commercial and...
SAIBU GAS HOLDINGS CO. LTD. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
48
Neutral
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 263.43B | 261.82B | 254.44B | 256.33B | 266.32B | 215.27B |
| Gross Profit | 80.44B | 81.27B | 66.48B | 66.58B | 67.05B | 57.50B |
| EBITDA | 30.56B | 28.83B | 29.11B | 30.77B | 32.23B | 22.63B |
| Net Income | 8.00B | 7.15B | 6.36B | 6.16B | 13.22B | 495.00M |
Balance Sheet | ||||||
| Total Assets | 442.00B | 465.85B | 447.77B | 431.79B | 414.27B | 395.66B |
| Cash, Cash Equivalents and Short-Term Investments | 24.81B | 23.48B | 29.48B | 27.40B | 36.78B | 25.54B |
| Total Debt | 283.71B | 284.81B | 280.33B | 283.06B | 282.36B | 275.20B |
| Total Liabilities | 328.74B | 342.51B | 336.06B | 326.21B | 320.64B | 315.02B |
| Stockholders Equity | 105.08B | 115.25B | 103.83B | 98.35B | 86.79B | 74.33B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -4.42B | 14.72B | -1.88B | 2.45B | -4.66B |
| Operating Cash Flow | 0.00 | 25.33B | 38.56B | 22.12B | 21.75B | 10.54B |
| Investing Cash Flow | 0.00 | -33.81B | -29.95B | -28.15B | -15.97B | -14.13B |
| Financing Cash Flow | 0.00 | 2.90B | -6.70B | -4.02B | 2.96B | 7.63B |
SAIBU GAS HOLDINGS CO. LTD. Technical Analysis
Positive
2190.00
Price Trends
2509.55
Positive
2291.02
Positive
2075.33
Positive
Market Momentum
28.56
Positive
56.78
Neutral
62.01
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9536, the sentiment is Positive. The current price of 2190 is below the 20-day moving average (MA) of 2559.95, below the 50-day MA of 2509.55, and above the 200-day MA of 2075.33, indicating a bullish trend. The MACD of 28.56 indicates Positive momentum. The RSI at 56.78 is Neutral, neither overbought nor oversold. The STOCH value of 62.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9536.
SAIBU GAS HOLDINGS CO. LTD. Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥102.41B | 27.62 | 7.99% | 3.89% | -0.51% | 14.01% | |
71 Outperform | ¥69.52B | 3.34 | ― | 2.88% | 2.48% | 10.65% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | ¥2.21T | 10.29 | 11.05% | 1.53% | 7.51% | 232.54% | |
62 Neutral | ¥44.33B | 3.72 | ― | 1.81% | 1.29% | 27.31% | |
61 Neutral | ¥81.75B | 19.64 | 9.07% | 3.61% | 2.90% | 13.95% | |
59 Neutral | ¥451.24B | 15.57 | 6.03% | 1.81% | -0.75% | 33.35% |
* Utilities Sector Average
JP:9536
SAIBU GAS HOLDINGS CO. LTD.
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SAIBU GAS HOLDINGS CO. LTD. Corporate Events
Saibu Gas Holdings Lifts Full-Year Profit, Keeps Dividend as EPS Climbs
Apr 28, 2026
Saibu Gas Holdings reported consolidated net sales of ¥261.8 billion for the year ended March 31, 2026, up 2.9% year on year, with operating profit rising 18.4% to ¥12.5 billion and profit attributable to owners of the parent climbing 12...
Saibu Gas Holdings Revamps Leadership and Board Ahead of 2026
Feb 19, 2026
Saibu Gas Holdings has announced a broad reshuffle of its leadership, promoting several executives and bringing in new officers from key group companies as of April 1, 2026. Senior roles are being elevated, including the promotion of Shogo Morita ...
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.