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

• Market Cap: ¥71.79B
• Dividend Yield: 3.61%
• Average Volume (3M): 46.29K
• Price to Earnings (P/E): 8.0
• Beta (1Y): 0.39
• 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: Moderate Buy
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: ¥2,040.00 ▲(5.21% Upside)

The overall stock score is driven primarily by strong financial performance and attractive valuation metrics. However, technical analysis indicates bearish momentum, which tempers the overall score. The absence of earnings call insights and corporate events means these factors do not influence the score.

Positive Factors

Operational Efficiency

The company's operational efficiency and cash management indicate a strong ability to generate cash and maintain healthy margins, supporting long-term sustainability.

Revenue Streams

Long-term contracts provide revenue stability and predictability, allowing the company to plan and invest in growth initiatives with reduced financial risk.

Cash Flow Management

Effective cash flow management ensures the company can meet its obligations, invest in growth opportunities, and return value to shareholders, enhancing financial resilience.

Negative Factors

Leverage Concerns

High leverage can strain financial flexibility and increase vulnerability to economic downturns, potentially impacting long-term financial health and investment capacity.

Revenue Decline

A decline in revenue can signal challenges in market demand or competitive pressures, potentially affecting profitability and growth prospects if not addressed.

Profitability Challenges

Decreasing return on equity indicates potential inefficiencies in generating profits from shareholders' equity, which could impact investor confidence and future capital raising.

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: 1939.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

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 1939 is above the 20-day moving average (MA) of 1911.75, above the 50-day MA of 1911.02, and above the 200-day MA of 1816.90, indicating a bullish trend. The MACD of 3.56 indicates Negative momentum. The RSI at 57.13 is Neutral, neither overbought nor oversold. The STOCH value of 88.06 is Negative, 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	¥66.24B	5.58	―	2.87%	2.77%	10.64%
9533	73 Outperform	¥463.97B	16.49	6.03%	1.80%	7.08%	43.50%
9543	70 Outperform	¥89.74B	9.15	8.29%	3.92%	1.08%	37.11%
9537	69 Neutral	¥17.67B	5.86	―	2.17%	6.66%	―
9536	68 Neutral	¥71.79B	8.01	9.07%	3.61%	9.39%	77.24%
9539	68 Neutral	¥38.04B	11.67	―	1.80%	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 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.

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.

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.

SAIBU GAS HOLDINGS Announces Share Acquisition Progress

SAIBU GAS HOLDINGS CO., LTD. announced the acquisition of 55,600 of its own shares, amounting to approximately ¥109,898,000, through market purchases on the Tokyo Stock Exchange during September 2025. This acquisition is part of a broader resolution by the Board of Directors to acquire up to 1,500,000 shares, with a total cost cap of ¥2,000 million, aimed at enhancing shareholder value and optimizing capital structure.