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SAIBU GAS HOLDINGS CO. LTD.
(9536)
Select Model
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Rating:66Neutral
Price Target:
¥2,613.00
▲(19.32% Upside)
Action:Reiterated
Date:08/04/26
The score is driven primarily by mixed financial quality: improving profitability is offset by high leverage and volatile free cash flow. Technicals add support with a clear uptrend versus key moving averages and positive momentum indicators. Valuation also helps, with a low P/E and a near-3% dividend yield.
Positive Factors
Regulated city-gas business model
Operating as a regional, regulated city-gas group creates enduring structural advantages: stable, contract-driven demand, limited entrant pressure due to infrastructure needs, and predictable revenue streams for core distribution and service businesses. These traits support multi-month resilience in cash flow and customer base.
Negative Factors
High leverage
Persistently high absolute debt and elevated debt-to-equity ratios constrain financial flexibility and increase sensitivity to rising funding costs. This leverage level limits capacity for discretionary investment, raises refinancing risk, and could pressure credit metrics if cash flow weakens.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated city-gas business model
Operating as a regional, regulated city-gas group creates enduring structural advantages: stable, contract-driven demand, limited entrant pressure due to infrastructure needs, and predictable revenue streams for core distribution and service businesses. These traits support multi-month resilience in cash flow and customer base.
Read all positive factors
SAIBU GAS HOLDINGS CO. LTD. (9536) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥87.42B
Dividend Yield2.96%
Average Volume (3M)46.29K
Price to Earnings (P/E)9.7
Beta (1Y)0.42
Revenue Growth-3.23%
EPS Growth12.39%
CountryJP
Employees3,725
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)243.25
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. (9536) is a Japan-based holding company whose group primarily operates in the city gas business, supplying gas to residential, commercial, and industrial customers, and providing related energy services. Through its su...
How the Company Makes Money
SAIBU GAS HOLDINGS generates earnings primarily through consolidated subsidiary operations. The core revenue model is the sale of city gas to end customers (e.g., households, commercial facilities, and industrial users), where revenue is typically...
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 | 254.92B | 261.82B | 254.44B | 256.33B | 266.32B | 215.27B |
| Gross Profit | 80.82B | 81.27B | 66.48B | 66.58B | 67.05B | 57.50B |
| EBITDA | 29.16B | 31.25B | 31.47B | 32.45B | 40.63B | 24.27B |
| Net Income | 8.77B | 7.15B | 6.36B | 6.16B | 13.22B | 495.00M |
Balance Sheet | ||||||
| Total Assets | 460.80B | 465.85B | 447.77B | 431.79B | 414.27B | 395.66B |
| Cash, Cash Equivalents and Short-Term Investments | 18.68B | 23.48B | 29.48B | 27.40B | 36.78B | 25.54B |
| Total Debt | 278.29B | 284.81B | 280.33B | 283.06B | 282.36B | 275.20B |
| Total Liabilities | 330.58B | 342.51B | 336.06B | 326.21B | 320.64B | 315.02B |
| Stockholders Equity | 122.34B | 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. Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ¥93.44B | 8.91 | 8.20% | 3.89% | -2.47% | 15.81% | |
73 Outperform | ¥68.37B | 7.00 | ― | 2.88% | 1.28% | -11.88% | |
66 Neutral | ¥87.42B | 9.71 | 6.54% | 3.61% | -3.23% | 12.39% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | ¥2.07T | 13.07 | 13.96% | 1.75% | 6.07% | 11.20% | |
62 Neutral | ¥47.52B | 11.35 | ― | 1.81% | 1.29% | 27.31% | |
59 Neutral | ¥425.41B | 17.53 | 6.82% | 1.86% | -5.50% | -8.68% |
* Utilities Sector Average
JP:9536
SAIBU GAS HOLDINGS CO. LTD.
2,359.00
490.45
26.25%
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SAIBU GAS HOLDINGS CO. LTD. Corporate Events
Saibu Gas Holdings Boosts Earnings Despite Revenue Decline and Confirms Stable Dividend
Jul 31, 2026
Saibu Gas Holdings reported consolidated net sales of ¥60.6 billion for the three months ended June 30, 2026, down 10.2% year on year, with operating profit falling 26.0% to ¥4.1 billion even as ordinary profit rose 18.3% and profit attr...
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.