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Hokkaido Gas Co., Ltd. logo

Hokkaido Gas Co., Ltd.

9534.T

JPXUtilitiesRegulated Gas

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Latest quote

¥820

−¥2.00 · -0.24%

Aug 24, 3:30 PM JST

9534.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Hokkaido Gas Co., Ltd. operates as an energy provider in Japan, primarily focusing on the supply of gas, heating, and electricity. Beyond these core offerings, the company also refines and markets gas by-products, manufactures and distributes gas-powered appliances, and undertakes associated installation and construction projects. Its comprehensive services extend across numerous cities in Hokkaido, including Sapporo, Otaru, Hakodate, Chitose, Ishikari, Kitahiroshima, Eniwa, Hokuto, and Kitami. Established in 1911, the firm maintains its headquarters in Sapporo, Japan.

Industry
Regulated Gas
Sector
Utilities
Headquarters
JP
CEO
Chisato Kawamura
Listed since
Jan 1, 2001
Employees
1,641

Market position

Day range

Current ¥820

52-week range

Current ¥820

Open
¥822
Previous close
¥822
Volume
123.4K
0.69× average
Average volume
179.78K
Average daily volume
Market cap
72.38B JPY
Beta
0.51
Market reference 1
50-day average
¥768.16
+6.75% above average
200-day average
¥803.08
+2.11% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
119.66B JPY
P/E (TTM)
7.43×
P/B (TTM)
0.73×
P/S (TTM)
0.42×
EV / EBITDA
3.7×
Earnings yield
15.00%
Free cash flow yield
16.42%
Dividend yield
2.99%

Profitability & efficiency

Gross margin
30.98%
Operating margin
8.06%
Net margin
5.59%
Return on equity
11.83%
Return on assets
5.82%
Return on invested capital
7.31%

Financial health

Debt / equity
0.53×
Current ratio
1.03×
Altman Z-score
2.35
Piotroski F-score
5 of 9

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends34%23%12%1%Gross margin, FY2021: 29.15%Gross margin, FY2022: 25.70%Gross margin, FY2023: 28.23%Gross margin, FY2024: 29.58%Gross margin, FY2025: 31.52%Operating margin, FY2021: 5.56%Operating margin, FY2022: 7.63%Operating margin, FY2023: 8.97%Operating margin, FY2024: 8.41%Operating margin, FY2025: 9.42%Net margin, FY2021: 4.12%Net margin, FY2022: 5.70%Net margin, FY2023: 6.69%Net margin, FY2024: 6.11%Net margin, FY2025: 6.60%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 29.15%. Gross margin FY2022 25.70%. Gross margin FY2023 28.23%. Gross margin FY2024 29.58%. Gross margin FY2025 31.52%. Operating margin FY2021 5.56%. Operating margin FY2022 7.63%. Operating margin FY2023 8.97%. Operating margin FY2024 8.41%. Operating margin FY2025 9.42%. Net margin FY2021 4.12%. Net margin FY2022 5.70%. Net margin FY2023 6.69%. Net margin FY2024 6.11%. Net margin FY2025 6.60%.

Income trends

Revenue

174.52B JPY+2.48%

Operating income

16.44B JPY+14.72%

Net income

11.53B JPY+10.78%
Income trends across reported periods191.8B JPY123.96B JPY56.12B JPY−11.72B JPYRevenue, FY2021: 126.96B JPYRevenue, FY2022: 174.84B JPYRevenue, FY2023: 173.89B JPYRevenue, FY2024: 170.3B JPYRevenue, FY2025: 174.52B JPYOperating income, FY2021: 7.05B JPYOperating income, FY2022: 13.34B JPYOperating income, FY2023: 15.6B JPYOperating income, FY2024: 14.33B JPYOperating income, FY2025: 16.44B JPYNet income, FY2021: 5.24B JPYNet income, FY2022: 9.96B JPYNet income, FY2023: 11.63B JPYNet income, FY2024: 10.4B JPYNet income, FY2025: 11.53B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 126.96B JPY. Revenue FY2022 174.84B JPY. Revenue FY2023 173.89B JPY. Revenue FY2024 170.3B JPY. Revenue FY2025 174.52B JPY. Operating income FY2021 7.05B JPY. Operating income FY2022 13.34B JPY. Operating income FY2023 15.6B JPY. Operating income FY2024 14.33B JPY. Operating income FY2025 16.44B JPY. Net income FY2021 5.24B JPY. Net income FY2022 9.96B JPY. Net income FY2023 11.63B JPY. Net income FY2024 10.4B JPY. Net income FY2025 11.53B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue174.52B JPY170.3B JPY173.89B JPY174.84B JPY126.96B JPY
Cost of goods sold119.51B JPY119.93B JPY124.8B JPY129.9B JPY89.95B JPY
Gross profit55.01B JPY50.37B JPY49.09B JPY44.94B JPY37B JPY
Research and development—283M JPY244M JPY267M JPY293M JPY
Selling, general, and administrative38.57B JPY36.04B JPY33.49B JPY31.6B JPY29.95B JPY
Operating expenses38.57B JPY36.04B JPY33.49B JPY31.6B JPY29.95B JPY
Interest income——13M JPY14M JPY15.63M JPY
Interest expense387M JPY401M JPY409M JPY356M JPY309.53M JPY
Depreciation and amortization15.94B JPY14.98B JPY13.99B JPY13.61B JPY13.63B JPY
Operating income16.44B JPY14.33B JPY15.6B JPY13.34B JPY7.05B JPY
Net income11.53B JPY10.4B JPY11.63B JPY9.96B JPY5.24B JPY

Company facts updated Aug 24, 2026.

Earnings

Latest EPS result
28.51

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates82.0351.921.78-8.35Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 31, 2024: actual -2.12, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 31, 2025: actual 2.71, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 28, 2025: actual 75.8, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 31, 2025: actual 48.82, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 31, 2025: actual 6.72, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 29, 2026: actual 9.98, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 30, 2026: actual 65.1, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 30, 2026: actual 28.51, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly Revenue actual values compared with estimates62.16B51.14B40.12B29.1BQ4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Oct 31, 2024: actual 31.49B JPY, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Jan 31, 2025: actual 43.09B JPY, estimate —, surprise —, Comparison unavailable. Q2 2025, reported Apr 28, 2025: actual 59.18B JPY, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Jul 31, 2025: actual 38.3B JPY, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 31, 2025: actual 33.07B JPY, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Jan 29, 2026: actual 43.39B JPY, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 30, 2026: actual 59.77B JPY, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Jul 30, 2026: actual 38.04B JPY, estimate —, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥21.50

2025 complete year+95.5% since 2021

2026 partial: ¥13.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥13.50

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥13.50

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥13.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 10, 2026

Dividend

Ex-dividend Sep 29, 2025

¥11.50

Semi-Annual

Record Sep 30, 2025 · Payment Dec 1, 2025

Dividend

Ex-dividend Mar 28, 2025

¥10.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 5, 2025

Dividend

Ex-dividend Sep 27, 2024

¥45.00

Semi-Annual

Record Sep 30, 2024 · Payment Dec 2, 2024

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ETFs holding 9534.T

Funds reporting this stock among their holdings, ordered by reported position size.

iShares Core TOPIX ETF logoiShares Core TOPIX ETF1475.T
Market value
124.78M
Weight
0.00%
AUM
2.89T JPY
Expense ratio
0.05%
Price / 1D
¥417.7-0.07%
Vanguard Total International Stock ETF logoVanguard Total International Stock ETFVXUS
Market value
4.56M
Weight
0.00%
AUM
646.2B USD
Expense ratio
0.05%
Price / 1D
$87.20-0.58%
Vanguard FTSE Developed Markets ETF logoVanguard FTSE Developed Markets ETFVEA
Market value
3.33M
Weight
0.00%
AUM
315B USD
Expense ratio
0.03%
Price / 1D
$73.085-0.46%
Vanguard FTSE All-World ex-US Small-Cap ETF logoVanguard FTSE All-World ex-US Small-Cap ETFVSS
Market value
1.28M
Weight
0.01%
AUM
13.6B USD
Expense ratio
0.06%
Price / 1D
$159.61-0.28%
Schwab International Small-Cap Equity ETF logoSchwab International Small-Cap Equity ETFSCHC
Market value
854.16K
Weight
0.01%
AUM
5.73B USD
Expense ratio
0.06%
Price / 1D
$51.27+0.04%
Dimensional - International Small Cap ETF logoDimensional - International Small Cap ETFDFIS
Market value
438.5K
Weight
0.01%
AUM
5.91B USD
Expense ratio
0.39%
Price / 1D
$37.485-0.16%
WisdomTree International SmallCap Dividend Fund logoWisdomTree International SmallCap Dividend FundDLS
Market value
408.2K
Weight
0.04%
AUM
1.06B USD
Expense ratio
0.58%
Price / 1D
$88.705-0.21%
WisdomTree Japan SmallCap Dividend Fund logoWisdomTree Japan SmallCap Dividend FundDFJ
Market value
354.91K
Weight
0.09%
AUM
388.69M USD
Expense ratio
0.58%
Price / 1D
$112.58-0.42%

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