Regulated Utility Business ModelAs a regulated city‑gas provider serving households, businesses and industry in the Keiyo region, the company benefits from predictable, contract‑based demand and tariff frameworks. That underpins stable recurring revenue and long‑term cash visibility versus commoditized peers.

Manageable Leverage And Growing Equity BaseA modest debt-to-equity ratio and steadily growing assets/equity provide financial stability and flexibility for necessary network investment. This balance-sheet strength reduces refinancing pressure and supports capex and regulatory obligations over the medium term.

Top-line Rebound And Improving ProfitabilityA strong revenue recovery and margin improvement after recent weakness indicate operational recovery and demand normalization. If sustained, this trend can rebuild earnings power and improve the company’s ability to fund investments and service obligations over multiple quarters.

Bears Say

Persistent Negative Free Cash FlowRepeated negative free cash flow constrains internal funding for dividends, debt paydown and network capex, forcing reliance on external financing or equity. Over time, weak cash conversion limits strategic flexibility and increases vulnerability to funding cost increases.

Modest Margins And Low ReturnsSubdued net and operating margins and low ROE reduce the firm’s capacity to generate shareholder returns and build retained capital. Structurally low profitability provides less buffer against cost shocks or regulatory headwinds and slows equity growth long term.

Exposure To Procurement Cost And Demand CyclesEarnings depend on the spread between regulated tariffs and volatile upstream gas costs plus regional demand patterns. Tariff lag, commodity price swings, or weaker industrial demand in the concentrated Chiba area can compress margins and produce multi‑period earnings pressure.

9539 FAQ

What was Keiyo Gas Co., Ltd.’s price range in the past 12 months?

Keiyo Gas Co., Ltd. lowest stock price was ¥916.00 and its highest was ¥1400.00 in the past 12 months.

What is Keiyo Gas Co., Ltd.’s market cap?

Keiyo Gas Co., Ltd.’s market cap is ¥45.01B.

When is Keiyo Gas Co., Ltd.’s upcoming earnings report date?

Keiyo Gas Co., Ltd.’s upcoming earnings report date is May 18, 2026 which is in 70 days.

How were Keiyo Gas Co., Ltd.’s earnings last quarter?

Keiyo Gas Co., Ltd. released its earnings results on Feb 13, 2026. The company reported -¥10.23 earnings per share for the quarter, missing the consensus estimate of N/A by -¥10.23.

Is Keiyo Gas Co., Ltd. overvalued?

According to Wall Street analysts Keiyo Gas Co., Ltd.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Keiyo Gas Co., Ltd. pay dividends?

Keiyo Gas Co., Ltd. pays a Notavailable dividend of ¥13 which represents an annual dividend yield of 1.81%. See more information on Keiyo Gas Co., Ltd. dividends here

What is Keiyo Gas Co., Ltd.’s EPS estimate?

Keiyo Gas Co., Ltd.’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Keiyo Gas Co., Ltd. have?

Keiyo Gas Co., Ltd. has 32,805,000 shares outstanding.

What happened to Keiyo Gas Co., Ltd.’s price movement after its last earnings report?

Keiyo Gas Co., Ltd. reported an EPS of -¥10.23 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went up 2.095%.

Which hedge fund is a major shareholder of Keiyo Gas Co., Ltd.?

Currently, no hedge funds are holding shares in JP:9539

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Keiyo Gas Co., Ltd.

Keiyo Gas Co., Ltd. engages in the production, supply, and sale of gas in northwest of Chiba Prefecture, Japan. It is also involved in the sale of gas equipment; and provision of gas fitting services. It provides its services to residential, commercial, industrial, and other customers. Keiyo Gas Co., Ltd. was incorporated in 1926 and is headquartered in Ichikawa, Japan.