HOKKAIDO GAS CO., LTD.
9534・Prime Market・Electric Power & Gas
Gas
Hokkaido Gas Co., Ltd.'s core business. The revenue foundation responsible for City Gas and LNG Sales.
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment net sales (including internal transactions) | ¥108,064 million | ¥104,856 million | ↑ |
| Segment profit (operating income basis) | ¥15,129 million | ¥12,626 million | ↑ |
| Segment assets | ¥115,263 million | ¥116,622 million | ↓ |
| Depreciation and amortization | ¥10,942 million | ¥10,632 million | ↑ |
| Number of installed meters | 606,177 units | 604,618 units | ↑ |
| Number of retail customers | 487,990 | 488,500 | ↓ |
| Total Gas sales volume | 684,628 thousand m³ | 647,200 thousand m³ | ↑ |
Business Details
The company manufactures, supplies, and sells City Gas mainly in Sapporo City, Otaru City, Hakodate City, Chitose City, Kitami City and other supply areas. LNG shipment and transportation is outsourced to Hokkaido LNG Co., Ltd., meter reading operations to Hokugas Service Co., Ltd., and safety/inspection operations to Hokugas Fleast Co., Ltd. and other consolidated subsidiaries and equity-method affiliates. The main products and services are City Gas and LNG Sales. This is the core segment of the Group, accounting for approximately 62% of consolidated net sales, and is responsible for the energy business centered on natural gas.
Recent Overview
Achieved significant profit growth with sales volume up 5.8% and segment profit up 19.8%.
In FY2026 (ending March 2026), Gas segment net sales were ¥108,064 million (up 3.1% year on year), and segment profit was ¥15,129 million (up 19.8% year on year). Although the selling unit price under the raw material cost adjustment system declined, this was offset by increased residential heating demand (up 6.8%) due to low temperatures and record snowfall in early spring and early winter, and increased commercial air conditioning demand (up 5.1%) due to high summer temperatures. The consolidation of Muroran Gas Co., Ltd. (during the fiscal year) expanded the supply area and customer base. On the other hand, the number of retail customers continued a slight decline, down 510 to 487,990.
Key Products
Growth Drivers
- Increase in residential Gas sales volume (expanded heating demand due to low temperatures and record snowfall, increase in installed meters mainly at rental properties)
- Expansion of commercial demand (increased air conditioning demand due to high summer temperatures, improved operating rates in commercial and industrial sectors)
- Expansion of wholesale supply to other operators (FY2026 (ending March 2026): up 6.9% year on year to 34,293 thousand m³)
- Expansion of supply area and customer base through consolidation of Muroran Gas Co., Ltd. as a subsidiary
- Capture of new demand such as LNG bunkering supply for marine fuel
- Improved operational efficiency and customer convenience through promotion of heating/cooking single-meter integration construction
Risks
- Decline in selling unit price under the raw material cost adjustment system (foreign exchange and crude oil price fluctuation risk)
- Profit pressure due to increased strategic expenses such as DX investment and smart meter introduction
- Declining trend in number of retail customers due to decrease in completed new detached houses and condominiums (FY2026 (ending March 2026): down 510 year on year to 487,990)
- Uncertainty in LNG procurement costs due to prolonged geopolitical risk and U.S. policy developments
- Risk of long-term structural change in natural gas demand due to the trend toward decarbonization
- Recording of a provision for repairs related to periodic inspection and dredging work at the Ishikari Power Plant (a decrease in profit of ¥113 million due to a change in accounting estimates)
- Seasonal fluctuation factor with sales concentrated from winter to early spring
Last updated: June 23, 2026