HIKARI TSUSHIN, INC.
9435・Prime Market・Information & Communication
Electricity & Gas Business
The largest segment in the Hikari Tsushin Group. Expands stock profit through electricity and gas sales to SMEs and individuals.
| Period | Current | Previous | Change |
|---|---|---|---|
| Revenue (FY2026 full year, ending March 2026) | ¥319,571 million | ¥288,498 million | ↑ |
| Operating profit (FY2026 full year, ending March 2026) | ¥35,848 million | ¥35,442 million | ↑ |
| Operating margin (FY2026 full year, ending March 2026) | 11.2% | 12.3% | ↓ |
| Depreciation and amortization (FY2026 full year, ending March 2026) | ¥393 million | ¥307 million | ↑ |
| Government subsidies (IAS 20) | ¥12,779 million | ¥12,790 million | — |
Business Details
A segment mainly engaged in the sale and supply of electricity, gas, and related services to SMEs and individuals. The business model centers on leveraging the sales capabilities of the Hikari Tsushin Group to continuously expand stock profit through the accumulation of customer contracts. The segment also offers Eco-Friendly Electricity Service, providing effectively renewable energy through the use of non-fossil certificates. Revenue for FY2026 (ending March 2026) was ¥319,571 million, accounting for approximately 43% of the Group's total revenue of ¥734,791 million, making it the largest segment.
Recent Overview
Stock profit expanded due to an increase in customer contracts, with revenue up 10.8% year on year and operating profit up 1.1%.
In FY2026 (ending March 2026), stock profit increased due to growth in customer contracts, and revenue reached ¥319,571 million (up 10.8% year on year). On the other hand, operating profit was limited to ¥35,848 million (up 1.1% year on year), with profit growth lagging behind revenue growth. Government subsidies (IAS 20) were ¥12,779 million, roughly flat compared to the prior period (¥12,790 million). The segment's share of total Group revenue remained approximately 43%, maintaining its position as the largest segment.
Key Products
Growth Drivers
- Continuous accumulation of stock profit driven by ongoing growth in customer contracts
- Acquisition of new customers leveraging the Hikari Tsushin Group's strength in sales capability
- Capturing demand from SMEs and individuals in the liberalized electricity and gas markets
- Provision of added value and expansion of the customer base through Eco-Friendly Electricity Service
Risks
- Risk of deteriorating profitability, as operating profit growth (up 1.1% year on year) lagged significantly behind revenue growth (up 10.8% year on year), with the operating margin declining from 12.3% to 11.2%
- Risk of margin compression due to fluctuations in electricity and gas procurement costs
- Intensifying competition and price competition in the electricity and gas markets
- Risk from energy price volatility (such as rising wholesale electricity market prices)
- Impact on revenue from the reduction or termination of government subsidies (IAS 20)
Last updated: June 29, 2026