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Regional electric utility supplying power to Japan's Hokkaido island.
Regional electric utility supplying power to Japan's Hokkaido island.
Earns from electricity sold to households and businesses on Hokkaido, a market open to competition since 2016, with a fuel-cost adjustment letting it pass fuel price changes to customers with a lag. Its Tomari nuclear plant has been idle since 2012, so it leans on thermal plants and imported fuel.
Moat: wide (regulatory licence, installed base, scale). Regulated regional monopoly transmission/distribution network serving Hokkaido.
Headquarters: Sapporo, Japan · Founded: 1951 · Employees: 9,239
Size Hokkaido Electric Power Company,Incorporated (9509.T) is a Japan Utilities company (Electric Utilities) with a market value of $1.38B, the 599th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,061 on 6 Nov 2026.
Performance Over six months the shares gained 5.0%, against -16.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th highest of 20 in its peer set.
Growth Revenue fell 1.3% over the last twelve months (peer median +3.4%); the operating margin is 4.5% (peer median 12.0%).
Valuation It trades at 7.3× forward earnings against a peer median of 10.3× (4th cheapest of 14).
Capital Return on invested capital runs 3.7 points below its cost of capital (5.0% WACC).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥885B | ¥856B | ¥902B | ¥954B | ¥889B |
| Revenue growth | — | -5% | -5% | +7% | — |
| Gross profit | ¥93.8B | ¥153B | ¥157B | ¥188B | ¥55.9B |
| EBITDA | n/a | ¥146B | ¥150B | ¥179B | ¥62.4B |
| Net income | ¥19.7B | ¥44.0B | ¥64.2B | ¥66.2B | -¥22.2B |
| Free cash flow | n/a | -¥103B | -¥42.5B | ¥62.2B | -¥105B |
| Capital expenditure | n/a | ¥218B | ¥168B | ¥114B | ¥105B |
| Total debt | ¥1.67T | ¥1.57T | ¥1.43T | ¥1.41T | ¥1.48T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Hokkaido Electric Power Company,Incorporated 9509.T | $1.38B | +5% | -1% | 4% | 7.3× | n/a |
| Tohoku Electric Power 9506.T | $3.89B | +13% | +17% | 3% | 4.9× | n/a |
| Chugoku Electric Power 9504.T | $2.41B | +18% | 0% | 0% | 9.3× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 9509.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.5% | -4.9% | 9th highest of 21 |
| 6-month return | +5.0% | -16.4% | 5th highest of 20 |
| Distance from 52-week high | -18.1% | -29.2% | 7th highest of 21 |
| Revenue growth (TTM) | -1.3% | +3.4% | 8th lowest of 21 |
| Operating margin | 4.5% | 12.0% | 4th lowest of 21 |
| Forward P/E | 7.3× | 10.3× | 4th cheapest of 14 |
| ROIC minus cost of capital | -3.7 pp | +0.8 pp | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hokkaido Electric Power Company,Incorporated 9509.T | Japan | $1.38B | +5% | -1% | 4% | 7.3× | n/a | n/a |
| Xinjiang Tianfu Energy 600509.SS | China | $1.40B | -16% | +9% | 7% | 14.7× | -4.3% | +11.5% |
| Jinneng Holding Shanxi Electric Power 000767.SZ | China | $1.40B | -20% | -6% | 6% | n/a | 2.5% | +5.6% |
| Hokuriku Electric Power 9505.T | Japan | $1.34B | +16% | -5% | 7% | 7.6× | 8.4% | +3.7% |
| Hawaiian Electric Industries HE | United States | $1.45B | -43% | +2% | 11% | 5.2× | n/a | n/a |
| Vedanta Power VEDPOWER.NS | India | $1.46B | n/a | +5% | -13% | n/a | n/a | n/a |
| Electricite de Strasbourg ELEC.PA | France | $1.29B | -34% | -10% | 8% | n/a | -10.7% | +11.1% |
| Jiangxi Ganneng 000899.SZ | China | $1.26B | -31% | +24% | 13% | 7.4× | -4.4% | +22.6% |
| Harbin Hatou Investment 600864.SS | China | $1.56B | -18% | 0% | -17% | n/a | -17.2% | -3.8% |
| Jiangsu New Energy Development 603693.SS | China | $1.56B | -21% | -3% | 35% | 20.9× | 0.7% | +6.1% |
| Nava NAVA.NS | India | $1.59B | -26% | +9% | 29% | n/a | 19.8% | +11.0% |
| Dynagreen Environmental Protection 1330.HK | Hong Kong | $1.59B | +8% | +17% | 31% | 10.3× | -2.7% | +8.4% |
| Guizhou Qianyuan Power 002039.SZ | China | $1.19B | -8% | +14% | 45% | 19.5× | -10.1% | +4.4% |
| Hunan Energy Group Development 000722.SZ | China | $1.19B | -13% | +126% | 48% | n/a | 0.8% | +2.4% |
| naturenergie NEAG.SW | Switzerland | $1.17B | -12% | -16% | 13% | 12.1× | -15.5% | +5.6% |
| Central Puerto SA Sponsored ADR CEPU | United States | $1.64B | -29% | +51% | 29% | 5.0× | -5.0% | +10.3% |
| CGN New Energy 1811.HK | Hong Kong | $1.16B | -23% | -12% | 26% | 6.2× | 4.2% | +8.2% |
| Kasumigaseki Capital 3498.T | Japan | $1.16B | +15% | +70% | 17% | 7.6× | n/a | n/a |
| SG Mart SGMART.NS | India | $1.15B | +55% | +9% | 3% | 50.0× | 30.1% | +298.2% |
| Romande Energie REHN.SW | Switzerland | $1.68B | -1% | +2% | 8% | 15.1× | 7.4% | +7.2% |
| Arendals Fossekompani AFK.OL | Norway | $1.11B | -2% | -7% | 11% | n/a | 14.4% | +3.6% |