SAIBU GAS HOLDINGS CO. LTD. (9536) AI Stock Analysis

• Market Cap: ¥82.83B
• Dividend Yield: 3.61%
• Average Volume (3M): 46.29K
• Price to Earnings (P/E): 9.3
• Beta (1Y): 0.40
• Revenue Growth: 9.39%
• EPS Growth: 77.24%
• Country: JP
• Employees: 3,852
• Sector: Utilities
• Sector Strength: 65
• Industry: Regulated Gas
• EPS (TTM): 4.95
• Shares Outstanding: 37,187,570
• 10 Day Avg. Volume: 50,780
• 30 Day Avg. Volume: 46,286
• PEG Ratio: 2.97
• Price to Book (P/B): 0.61
• Price to Sales (P/S): 0.25
• P/FCF Ratio: 4.30
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 76 Outperform
• Price Target: ¥2,475.00 ▲(13.01% Upside)

The score is driven primarily by solid financial performance (strong margins and cash flow, tempered by revenue decline and leverage risk) and attractive valuation (low P/E and strong dividend yield). Technicals remain supportive of the trend, but extremely overbought momentum indicators add near-term pullback risk.

Positive Factors

Strong Cash Flow

Strong cash flow indicates effective cash management and operational efficiency, providing financial stability and flexibility for future investments.

Healthy Margins

Healthy margins suggest strong cost control and pricing power, supporting long-term profitability and competitive positioning.

Stable Revenue Generation

Stable revenue generation ensures consistent cash flow and supports ongoing operations, even amid market fluctuations.

Negative Factors

Revenue Decline

A decline in revenue can impact future growth prospects and may indicate challenges in market demand or competitive pressures.

Leverage Risk

High leverage can increase financial risk, limit flexibility, and strain cash flow, potentially affecting long-term stability.

Volatile Net Income

Volatility in net income can signal instability in earnings, impacting investor confidence and the ability to fund future growth.

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 construction works. The company was formerly known as Saibu Gas Co.,Ltd. and changed its name to Saibu Gas Holdings Co.,Ltd. in April 2021. Saibu Gas Holdings Co.,Ltd. was founded in 1902 and is headquartered in Fukuoka, Japan.

How the Company Makes Money

SAIBU GAS HOLDINGS generates revenue primarily through the sale of liquefied natural gas (LNG) to industrial and commercial customers. The company has established long-term contracts with various clients, ensuring a steady revenue stream from these agreements. Additionally, it leverages its infrastructure for the distribution and transportation of gas, which further contributes to its income. Key revenue streams include sales from LNG, ancillary services related to gas distribution, and energy management solutions. The company also engages in partnerships with local and international energy firms to enhance its market reach and operational efficiency, which bolsters its overall earnings.

SAIBU GAS HOLDINGS CO. LTD. Financial Statement Overview

Summary

SAIBU GAS HOLDINGS CO. LTD. exhibits strong operational efficiency and effective cash management, with robust margins and cash flow ratios. However, leverage remains a concern, with a high debt-to-equity ratio potentially posing future risks. Overall, the financial health is solid with areas for improvement in revenue growth and leverage management.

Income Statement

The company demonstrates stable revenue generation with a recent decline in revenue. Gross and net profit margins are healthy, reflecting efficient cost management. However, the net income has been volatile, with a notable drop in recent years. EBIT and EBITDA margins remain robust, suggesting strong operational efficiency.

Balance Sheet

The balance sheet shows a moderately high debt-to-equity ratio, indicating significant leverage. However, the company's equity ratio is stable, suggesting a balanced asset structure. The return on equity has decreased, reflecting potential challenges in profitability. Overall, the balance sheet indicates stability with potential leverage risks.

Cash Flow

The company has demonstrated strong free cash flow growth and maintains a healthy operating cash flow to net income ratio. This suggests effective cash management and operational efficiency. The free cash flow to net income ratio confirms this strength, despite fluctuations in capital expenditures.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	263.43B	254.44B	256.33B	266.32B	215.27B	191.99B
Gross Profit	80.44B	77.03B	77.52B	78.22B	69.05B	70.98B
EBITDA	33.89B	31.43B	32.45B	40.63B	24.28B	25.61B
Net Income	8.00B	6.36B	6.16B	13.21B	495.00M	1.79B
Balance Sheet
Total Assets	442.00B	447.77B	431.70B	414.27B	395.66B	389.93B
Cash, Cash Equivalents and Short-Term Investments	24.81B	29.48B	27.40B	36.78B	25.54B	20.63B
Total Debt	283.71B	280.33B	283.06B	282.36B	275.20B	260.49B
Total Liabilities	328.74B	336.06B	326.21B	320.65B	315.03B	303.81B
Stockholders Equity	105.08B	103.83B	98.27B	86.78B	74.33B	80.04B
Cash Flow
Free Cash Flow	0.00	14.72B	-1.88B	2.45B	-4.66B	778.00M
Operating Cash Flow	0.00	38.56B	22.12B	21.75B	10.54B	20.75B
Investing Cash Flow	0.00	-29.95B	-28.15B	-15.97B	-14.13B	-25.53B
Financing Cash Flow	0.00	-6.70B	-4.02B	2.96B	7.63B	4.85B

SAIBU GAS HOLDINGS CO. LTD. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2190.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: 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 above the 20-day moving average (MA) of 2136.85, above the 50-day MA of 1995.84, and above the 200-day MA of 1860.86, indicating a bullish trend. The MACD of 79.06 indicates Negative momentum. The RSI at 76.07 is Negative, neither overbought nor oversold. The STOCH value of 45.21 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9534	77 Outperform	¥71.20B	6.04	―	2.88%	2.77%	10.64%
9536	76 Outperform	¥82.83B	9.28	9.07%	3.61%	9.39%	77.24%
9533	73 Outperform	¥481.65B	17.33	6.03%	1.81%	7.08%	43.50%
9543	70 Outperform	¥88.70B	9.02	8.29%	3.89%	1.08%	37.11%
9537	69 Neutral	¥17.93B	5.97	―	2.18%	6.66%	―
9539	68 Neutral	¥38.75B	11.88	―	1.81%	0.93%	1212.45%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%

SAIBU GAS HOLDINGS CO. LTD. Corporate Events

Saibu Gas Holdings Updates Progress on ¥2 Billion Share Buyback Program

Saibu Gas Holdings has disclosed the progress of its share buyback program authorized by its board on April 30, 2025, under the provisions of the Companies Act. During the period from December 1 to December 31, 2025, the company repurchased 67,500 common shares on the Tokyo Stock Exchange for a total of ¥128.4 million, bringing cumulative buybacks under the current authorization to 929,200 shares at a cost of approximately ¥1.72 billion as of December 31, 2025. This is part of a broader authorization to acquire up to 1.5 million shares, or 4.0% of outstanding shares, for a maximum of ¥2.0 billion by March 31, 2026, underscoring the company’s continued emphasis on capital efficiency and shareholder returns through treasury share acquisition.

The most recent analyst rating on (JP:9536) stock is a Buy with a Yen2475.00 price target. To see the full list of analyst forecasts on SAIBU GAS HOLDINGS CO. LTD. stock, see the JP:9536 Stock Forecast page.

Saibu Gas Holdings Launches Point-Based Shareholder Benefit Program to Bolster Investor Appeal

Saibu Gas Holdings has approved the introduction of a new shareholder benefit program as part of its ACT 2027 medium-term management plan to enhance shareholder returns and make its shares more appealing to a broader investor base. Starting with shareholders of record at the end of March 2026 who hold at least 200 shares, the company will award benefit points twice a year, in March and September, with 6,000 points per period for holdings of 200–399 shares and 12,000 points for 400 shares or more. These points, roughly equivalent to yen in value, can be redeemed via a dedicated “SAIBU GAS HOLDINGS Premium Yutai Club” website for a wide range of products and experiences, or converted into common shareholder benefit currency WILLsCoin, with unused points carryable for up to three consecutive periods if holding conditions are maintained. The program, including a new shareholder-only website planned for launch around May 2026, is designed to incentivize long-term shareholding and could strengthen the company’s retail investor base and capital-market presence by giving shareholders additional non-cash returns.

The most recent analyst rating on (JP:9536) stock is a Hold with a Yen2040.00 price target. To see the full list of analyst forecasts on SAIBU GAS HOLDINGS CO. LTD. stock, see the JP:9536 Stock Forecast page.

SAIBU GAS HOLDINGS Announces Share Buyback Progress

SAIBU GAS HOLDINGS CO., LTD. has announced the acquisition of its own shares, as resolved by its Board of Directors. This acquisition, conducted through market purchases on the Tokyo Stock Exchange, involved 71,100 common shares at a cost of ¥135,164,000 during November 2025. The move is part of a broader resolution to acquire up to 1,500,000 shares, representing 4.0% of the total issued shares, with a budget of ¥2,000 million, aiming to enhance shareholder value.

The most recent analyst rating on (JP:9536) stock is a Hold with a Yen2040.00 price target. To see the full list of analyst forecasts on SAIBU GAS HOLDINGS CO. LTD. stock, see the JP:9536 Stock Forecast page.

SAIBU GAS HOLDINGS Announces Share Buyback Progress

SAIBU GAS HOLDINGS CO., LTD. has announced the acquisition of 151,600 of its own shares, amounting to a cost of ¥289,582,200, through market purchases on the Tokyo Stock Exchange during October 2025. This move is part of a larger plan approved by the Board of Directors to acquire up to 1,500,000 shares by March 2026, reflecting the company’s strategy to manage its capital structure and potentially enhance shareholder value.

The most recent analyst rating on (JP:9536) stock is a Hold with a Yen2040.00 price target. To see the full list of analyst forecasts on SAIBU GAS HOLDINGS CO. LTD. stock, see the JP:9536 Stock Forecast page.

SAIBU GAS HOLDINGS Reports Strong Financial Growth for H1 2025

SAIBU GAS HOLDINGS CO., LTD. reported a significant increase in its financial performance for the six months ending September 30, 2025, with net sales rising by 14.5% and profit attributable to owners of the parent increasing by 231.5% compared to the previous year. This robust growth reflects a strong operational performance, positioning the company favorably within the industry and potentially benefiting its stakeholders.

The most recent analyst rating on (JP:9536) stock is a Buy with a Yen2162.00 price target. To see the full list of analyst forecasts on SAIBU GAS HOLDINGS CO. LTD. stock, see the JP:9536 Stock Forecast page.