Loading…
← CockpitCompetitor Analysis › 9543.T Shizuoka Gas Co. Ltd.Open in the cockpit ↗

Shizuoka Gas Co. Ltd.9543.TCompetitor analysis, valuation and peers

Japan · JPY·Utilities›Gas Distributors
Momentum strong 67
Mkt cap
$631M
US dollars, full cap
Free float
48%
of shares outstanding
$/day
$1.17M
20-day average traded
Fwd P/E
11.6×
forward earnings
ROIC−WACC
+1.2 pp
WACC 5.0%
Hurdle
-20 pp
Req g minus delivered
Next earnings
5 days
11 Nov 2026
Close · JPY¥1,342
1D-4.8%
1W-2.0%
1M+4.1%
3M+7.1%
6M-5.0%
YTD+11.8%
1Y+18.7%
ATR %2.4%
52w lowhigh17.4% off high

What Shizuoka Gas does

Employees: 1,586

Shizuoka Gas at a glance

Size Shizuoka Gas (9543.T) is a Japan Utilities company (Gas Distributors) with a market value of $631M, the 953rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,342 on 6 Nov 2026.

Performance Over six months the shares fell 5.0%, against -11.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th highest of 21 in its peer set.

Growth Revenue grew 0.1% over the last twelve months (peer median -1.1%); the operating margin is 6.5% (peer median 7.7%).

Valuation It trades at 11.6× forward earnings against a peer median of 14.4× (4th cheapest of 8).

Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -20 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 1.2 points above its cost of capital (5.0% WACC).

Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).

Relative performance

85909510011 May 202611 Aug 20266 Nov 20269543.T 97Peer median 90
Six months, rebased to 100: Shizuoka Gas against the median of its 20 peers (local-currency closes).

Shizuoka Gas financials

Reported figures in JPY; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥201B¥201B¥202B¥214B¥207B
Revenue growth—-1%-5%+3%—
Gross profit¥45.1B¥37.6B¥32.1B¥40.3B¥30.6B
EBITDA¥22.9B¥23.5B¥20.0B¥27.7B¥17.4B
Net income¥9.85B¥10.0B¥8.78B¥14.1B¥5.98B
Free cash flown/a¥4.70B¥3.61B¥23.7B-¥8.30B
Capital expendituren/a¥29.9B¥7.37B¥14.0B¥12.4B
Total debt¥20.6B¥18.0B¥18.9B¥18.3B¥32.2B

Quarterly statements and history in the cockpit →

Shizuoka Gas competitor charts

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.

Performance: 6-month against 1-month return

-30%-20%-10%0%+10%-10%0%+10%95360000966036891663605368ASC3003326037060004079534273400225936330005939908CLNEYU00129931676009039543.T6-month return →1-month return →
Up and to the right = strong over both horizons. Shizuoka Gas is the large dot.

Fundamentals: revenue growth against valuation

-10%0%+10%+20%+30%10×15×20×6036891663605368ASC300332YU31679543.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Shizuoka Gas is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%6036891663605368ASC3003326037060004070022590005939908CLNEYU6009039543.TGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Shizuoka Gas is the large dot.

Shizuoka Gas competitors and peer comparison

How Shizuoka Gas compares with its peers

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.

Shizuoka Gas against its 20 peers (data as of 6 Nov 2026)
Measure9543.TPeer medianRank in peer set
1-month return+4.1%-3.2%6th highest of 21
6-month return-5.0%-11.6%7th highest of 21
Distance from 52-week high-17.4%-34.2%6th highest of 21
Revenue growth (TTM)+0.1%-1.1%9th highest of 21
Operating margin6.5%7.7%9th lowest of 21
Forward P/E11.6×14.4×4th cheapest of 8
Growth the price implies (Req g, 7 yrs)-9.0%0.0%3rd least demanding of 16
Growth delivered (Del g)+10.6%+8.1%2nd highest of 16
Hurdle (Req g minus delivered)-19.7 pp-2.7 pp3rd least demanding of 16
ROIC minus cost of capital+1.2 pp-0.4 pp5th highest of 20
EV / EBITDA4.3×8.0×4th cheapest of 12
Net debt / EBITDA-0.3×2.1×5th least indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Shizuoka Gas 9543.TJapan$631M-5%0%6%11.6×-9.0%+10.6%
Saibu Gas 9536.TJapan$630M+23%-6%5%n/an/an/a
Shenzhen Guangju Energy 000096.SZChina$634M-18%+4%4%n/an/an/a
Anhui Province Natural Gas Development 603689.SSChina$601M-10%-9%9%8.5×0.6%+1.4%
K&O Energy 1663.TJapan$585M-28%-1%12%19.6×-8.6%+9.3%
Henan Lantian Gas 605368.SSChina$687M-18%-9%8%10.8×0.0%+2.7%
Ascopiave ASC.MIItaly$699M-8%+34%26%15.6×4.4%+8.3%
Top Resource Energy 300332.SZChina$556M-20%-3%0%22.4×12.9%+8.8%
Xinjiang East Universe (Group) Gas 603706.SSChina$521M-15%-14%20%n/a-11.7%+10.6%
Shandong Shengli 000407.SZChina$512M-20%0%7%n/a-3.1%-2.0%
Hokkaido Gas 9534.TJapan$468M+3%+1%8%n/a-6.6%+8.1%
Sala 2734.TJapan$456M+9%+3%4%n/an/an/a
Sichuan Shengda Forestry Industry 002259.SZChina$447M-27%-1%10%n/a16.9%+0.9%
Zhongyu Energy 3633.HKHong Kong$896M-7%-7%6%n/an/an/a
Delong Composite Energy 000593.SZChina$896M-34%-24%6%n/a31.8%+3.7%
Great Taipei Gas 9908.TWTaiwan$435M-3%0%14%n/a-5.4%-1.0%
Clean Energy Fuels CLNEUnited States$421M-14%+4%-7%n/a17.0%+8.1%
Yu Group PLC YU..LUnited Kingdom$414M+3%+14%8%8.2×-9.4%+47.1%
Shaanxi Meineng Clean Energy 001299.SZChina$411M-19%-6%11%n/an/an/a
Tokai 3167.TJapan$1.02B+9%+1%8%14.4×-5.6%+4.5%
Guizhou Gas (Group) 600903.SSChina$1.02B-9%-6%4%n/a8.0%+9.4%

Questions

Which companies are Shizuoka Gas's closest peers?
The cockpit's peer set: Saibu Gas (9536.T), Shenzhen Guangju Energy (000096.SZ), Anhui Province Natural Gas Development (603689.SS), K&O Energy (1663.T), Henan Lantian Gas (605368.SS), Ascopiave (ASC.MI), Top Resource Energy (300332.SZ), Xinjiang East Universe (Group) Gas (603706.SS).
Is Shizuoka Gas expensive compared with its peers?
On forward p/e it trades at 11.6× against a peer median of 14.4×, 4th cheapest of 8 in its peer set. For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -20 pp: the price already allows for a slowdown.
How has Shizuoka Gas stock performed?
Over six months to 6 Nov 2026 the shares returned -5.0% against -11.6% for the median peer; over one year +18.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.