KEIYO GAS CO., LTD. (9539) Stock Price

Market cap
¥43.3B
P/E ratio
12.9x
Keiyo Gas supplies city gas and electricity to customers across six Japanese cities including Ichikawa, Matsudo, and Funabashi, while also operating real estate and customer service businesses.

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Business Overview

Keiyo Gas has four main business segments. First, in the gas business, it manufactures, supplies, and sells city gas primarily in Ichikawa, Matsudo, Kamagaya, Urayasu, Funabashi, and Kashiwa. Its affiliated company Keiwa Gas performs similar operations in Nagareyama, while Nanohana Pipeline operates gas pipeline infrastructure.

Second, in the retail electricity business, Keiyo Gas and Keiwa Gas sell electricity to city gas customers. This business works in conjunction with the gas business to provide customers with comprehensive energy services.

In the real estate business, Keiyo Gas and Keiyo Gas Real Estate engage in property leasing. Keiyo Gas leases part of its office space from Keiyo Gas Real Estate and leases portions of its land. This business aims to maximize the utilization of assets.

Other businesses include gas interior piping work and gas appliance sales. Keiyo Gas Customer Service handles gas meter readings and bill collection, while Keiyo Gas Information Systems provides information processing services. The company also operates Michi-no-Eki Shonan.

Management Policy

Chiba Gas prioritizes stable energy supply and safety assurance while aiming to enhance customer satisfaction. Based on its "Medium-Term Management Plan 2025-2027," the company seeks to become an enterprise that meets customer expectations through stable city gas supply and the provision of new value.

The company's growth strategy focuses on three business domains: Energy, Life Services, and Real Estate. In the Energy domain, the company aims to achieve carbon neutrality through expanding city gas and electricity offerings and promoting renewable energy.

In the Life Services domain, the company seeks to become customers' "trusted lifestyle partner" by increasing customer touchpoints and strengthening life support services and renovation businesses. In the Real Estate domain, the company is expanding its real estate operations while promoting regional revitalization.

Additionally, Chiba Gas is strengthening its management foundation. Through human resources strategy, the company is enhancing employee engagement and aims to provide new value to customers by integrating CX and DX initiatives. Through these efforts, the company is working to achieve sustainable corporate growth.

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