Hokuriku Gas Co., Ltd. (JP:9537)
:9537
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Hokuriku Gas Co., Ltd.
(9537)
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Rating:69Neutral
Price Target:
¥4,692.00
▲(25.96% Upside)
Action:ReiteratedDate:03/17/26
The score is driven primarily by stable financial performance (low leverage, strong equity position, and improving profitability/FCF). Technicals are supportive with strong trend momentum, but overbought signals raise near-term risk. Valuation is a key headwind due to the negative P/E and only modest dividend yield.
Positive Factors
Strong balance sheet
Low leverage and a strong equity ratio give Hokuriku Gas durable financial resilience. That capital structure reduces refinancing and interest burden risk, preserves investment capacity for pipeline maintenance or upgrades, and supports operations through commodity or demand cycles over months to years.
Negative Factors
Regulatory pricing constraints
Dependence on tariffs set within Japan's city-gas regulatory framework limits pricing flexibility and the firm's ability to expand margins independently. Regulatory cost-recovery mechanisms can mute upside from efficiency gains and expose earnings to policy or tariff timing risk over months to years.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong balance sheet
Low leverage and a strong equity ratio give Hokuriku Gas durable financial resilience. That capital structure reduces refinancing and interest burden risk, preserves investment capacity for pipeline maintenance or upgrades, and supports operations through commodity or demand cycles over months to years.
Read all positive factors
Hokuriku Gas Co., Ltd. (9537) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥20.54B
Dividend Yield2.18%
Average Volume (3M)1.74K
Price to Earnings (P/E)―
Beta (1Y)0.14
Revenue Growth6.66%
EPS GrowthN/A
CountryJP
Employees640
SectorUtilities
Sector Strength65
IndustryRegulated Gas
Share Statistics
EPS (TTM)-54.87
Shares Outstanding4,800,000
10 Day Avg. Volume1,350
30 Day Avg. Volume1,743
Financial Highlights & Ratios
PEG Ratio-0.04
Price to Book (P/B)0.33
Price to Sales (P/S)0.26
P/FCF Ratio4.40
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
Hokuriku Gas Co., Ltd. Business Overview & Revenue Model
Company Description
Hokuriku Gas Co.,Ltd. operates gas business in Japan. The company produces, sells, and supplies gas to customers in Niigata, Nagaoka, Sanjo, Kashiwazaki, and Kamo cities, as well as in Tagami town and Kariwa village. It also undertakes gas constru...
How the Company Makes Money
Hokuriku Gas primarily earns revenue by selling city gas to end users within its service area. Its main revenue stream is gas sales volume multiplied by tariffs/fees set under Japan’s city-gas regulatory framework (where applicable), which typical...
Hokuriku Gas Co., Ltd. Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
80
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 63.39B | 61.77B | 61.41B | 69.63B | 52.36B | 48.33B |
| Gross Profit | 23.20B | 16.41B | 13.62B | 14.81B | 15.94B | 16.13B |
| EBITDA | 8.59B | 7.34B | 5.13B | 6.46B | 7.34B | 8.59B |
| Net Income | 2.40B | 1.95B | -1.76B | 420.15M | 953.81M | 1.61B |
Balance Sheet | ||||||
| Total Assets | 64.56B | 65.19B | 63.03B | 64.22B | 64.08B | 62.41B |
| Cash, Cash Equivalents and Short-Term Investments | 6.78B | 8.75B | 7.19B | 6.97B | 6.75B | 6.33B |
| Total Debt | 103.92M | 109.67M | 1.15B | 188.74M | 661.77M | 1.35B |
| Total Liabilities | 11.48B | 13.04B | 13.32B | 13.08B | 13.36B | 12.14B |
| Stockholders Equity | 49.75B | 48.83B | 46.44B | 47.90B | 47.51B | 47.11B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.64B | 35.39M | 694.82M | 3.25B | 3.37B |
| Operating Cash Flow | 0.00 | 7.76B | 4.75B | 5.54B | 7.96B | 7.83B |
| Investing Cash Flow | 0.00 | -4.94B | -5.06B | -4.09B | -4.97B | -8.67B |
| Financing Cash Flow | 0.00 | -1.40B | 299.84M | -1.05B | -1.09B | -127.37M |
Hokuriku Gas Co., Ltd. Technical Analysis
Neutral
3725.00
Price Trends
4322.90
Negative
3980.02
Positive
3787.75
Positive
Market Momentum
-7.67
Positive
41.18
Neutral
4.13
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9537, the sentiment is Neutral. The current price of 3725 is below the 20-day moving average (MA) of 4734.63, below the 50-day MA of 4322.90, and below the 200-day MA of 3787.75, indicating a neutral trend. The MACD of -7.67 indicates Positive momentum. The RSI at 41.18 is Neutral, neither overbought nor oversold. The STOCH value of 4.13 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:9537.
Hokuriku Gas Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥95.05B | 8.94 | 9.07% | 3.61% | 9.39% | 77.24% | |
75 Outperform | ¥113.01B | 8.99 | 7.99% | 3.89% | 1.08% | 37.11% | |
74 Outperform | ¥78.02B | 19.04 | ― | 2.88% | 2.77% | 10.64% | |
73 Outperform | ¥477.24B | 28.19 | 6.03% | 1.81% | 7.08% | 43.50% | |
69 Neutral | ¥20.54B | -17.01 | ― | 2.18% | 6.66% | ― | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
62 Neutral | ¥41.75B | 11.82 | ― | 1.81% | 0.93% | 1212.45% |
* Utilities Sector Average
JP:9537
Hokuriku Gas Co., Ltd.
4,285.00
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30.75%
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JP:9536
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JP:9534
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102.63%
JP:9539
Keiyo Gas Co., Ltd.
1,281.00
385.55
43.06%
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.