Hokkaido Gas Co., Ltd.

TSE:9534 Stock Report

Market Cap: JP¥66.8b

Hokkaido Gas Past Earnings Performance

Past criteria checks 3/6

Hokkaido Gas has been growing earnings at an average annual rate of 18.9%, while the Gas Utilities industry saw earnings growing at 13.3% annually. Revenues have been growing at an average rate of 8.3% per year. Hokkaido Gas's return on equity is 11.6%, and it has net margins of 6.6%.

Key information

18.95%

Earnings growth rate

18.92%

EPS growth rate

Gas Utilities Industry Growth19.49%
Revenue growth rate8.26%
Return on equity11.64%
Net Margin6.60%
Next Earnings Update30 Jul 2026

Recent past performance updates

Recent updates

Analysis Article • Apr 15

Hokkaido Gas Co., Ltd.'s (TSE:9534) Subdued P/E Might Signal An Opportunity

When close to half the companies in Japan have price-to-earnings ratios (or "P/E's") above 13x, you may consider...
Analysis Article • May 02

Hokkaido Gas Co., Ltd.'s (TSE:9534) Shares Leap 38% Yet They're Still Not Telling The Full Story

Hokkaido Gas Co., Ltd. ( TSE:9534 ) shares have continued their recent momentum with a 38% gain in the last month...
Analysis Article • Apr 15

Hokkaido Gas (TSE:9534) Might Have The Makings Of A Multi-Bagger

Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...

Revenue & Expenses Breakdown

How Hokkaido Gas makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSE:9534 Revenue, expenses and earnings (JPY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26174,51911,52538,5670
31 Dec 25173,92912,45937,4130
30 Sep 25173,63811,81836,6740
30 Jun 25172,05811,03536,6060
31 Mar 25170,29510,40436,0380
31 Dec 24170,25410,48235,5010
30 Sep 24168,96210,67734,8890
30 Jun 24170,15011,46633,8540
31 Mar 24173,88511,62733,4920
31 Dec 23181,87011,91433,6660
30 Sep 23185,24112,08032,8720
30 Jun 23182,28311,19532,2550
31 Mar 23174,8409,96331,5960
31 Dec 22155,9057,49930,5270
30 Sep 22141,6965,80630,2520
30 Jun 22134,2655,59229,9700
31 Mar 22126,9575,23729,9500
31 Dec 21118,1424,30229,6910
30 Sep 21116,1815,35729,4930
30 Jun 21117,3274,95829,4610
31 Mar 21118,1614,28929,2030
31 Dec 20119,9223,98529,4770
30 Sep 20121,6363,66029,4430
30 Jun 20124,4653,57129,5370
31 Mar 20126,3753,95429,5270
31 Dec 19128,9143,52629,3720
30 Sep 19129,2063,47229,1560
30 Jun 19125,3544,51428,9350
31 Mar 19121,1743,50328,8480
31 Dec 18113,1272,44528,1800
30 Sep 18108,6962,40128,0630
30 Jun 18106,1021,69027,8920
31 Mar 18103,5801,92327,7580
31 Dec 1798,9822,24827,4730
30 Sep 1794,1541,95627,2100
30 Jun 1790,4391,66426,9430
31 Mar 1787,0401,29726,6900
31 Dec 1686,88598326,7000
30 Sep 1687,63281926,5350
30 Jun 1689,71388326,6070
31 Mar 1693,1311,15126,5590
31 Dec 1597,84494326,7000
30 Sep 15100,41662626,9260
30 Jun 15100,9461,68527,0100

Quality Earnings: 9534 has high quality earnings.

Growing Profit Margin: 9534's current net profit margins (6.6%) are higher than last year (6.1%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: 9534's earnings have grown by 18.9% per year over the past 5 years.

Accelerating Growth: 9534's earnings growth over the past year (10.8%) is below its 5-year average (18.9% per year).

Earnings vs Industry: 9534 earnings growth over the past year (10.8%) did not outperform the Gas Utilities industry 24.2%.

Return on Equity

High ROE: 9534's Return on Equity (11.6%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/22 01:28
End of Day Share Price 2026/06/22 00:00
Earnings2026/03/31
Annual Earnings2026/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Hokkaido Gas Co., Ltd. is covered by 0 analysts. 0 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.