(9537) Stock Price

Hokuriku Gas Co., Ltd. is primarily engaged in the manufacturing, supply, and sales of city gas. The company also sells gas appliances and handles gas-related construction projects. Its consolidated subsidiary, Kamohara Gas Co., Ltd., operates similar businesses. Myoko Green Energy Co., Ltd. took over gas operations from Myoko City and also operates water and sewerage services.

Hokuriku Gas also sells LPG (liquefied petroleum gas), with Hokuriku Natural Gas Industry Co., Ltd. and Kamohara Gas operating in this sector. These companies handle LPG equipment sales and piping work, while Hokuriku Natural Gas Industry provides wholesale LPG to Kamohara Gas.

Hokuriku Gas Engineering Co., Ltd. is responsible for gas facility maintenance and design-construction services. Hokuriku Gas outsources safety inspection operations to this company. Hokuriku Gas Living Service Co., Ltd. handles sales and installation of residential equipment and also performs meter reading services.

In the civil engineering and plumbing construction sector, Hokuei Construction Co., Ltd. performs gas and civil engineering work. Hokuriku Gas outsources a portion of its gas construction projects to this company. Additionally, Hokuriku Gas operates power generation business through mega solar facilities.

Other operations include Hokuriku Real Estate Co., Ltd., which leases and manages buildings, and Hokuriku Lease Co., Ltd., which provides leasing services for office equipment and vehicles. Hokuriku Gas receives real estate brokerage services from Hokuriku Land Development Co., Ltd. and procures construction materials from Tsutui Industry Co., Ltd.

Hokuriku Gas Co., Ltd. has established a growth strategy aimed at improving business performance while contributing to regional community development. The company operates under the mission of "stable supply, ensuring safety, and expanding natural gas adoption." By building a community-focused operational structure, the company is advancing service improvements and creating new energy utilization opportunities. The company also prioritizes strengthening corporate ethics and legal compliance to fulfill its social responsibilities.

To address challenging business conditions—including intensifying competition among energy providers, population decline, and climate change—the company is focusing on several key areas. First, it is working to establish a stable revenue structure by implementing appropriate gas pricing and introducing new services. Specifically, the company is strengthening bundled gas and electricity sales and expanding energy service-related businesses.

Additionally, to reinforce its business foundation, the company is considering enhanced disaster response capabilities and the adoption of smart safety systems. It is actively advancing information security measures and digital transformation initiatives to improve operational efficiency across all business functions. These efforts aim to strengthen disaster response capacity and maintain stable supply.

Efforts toward carbon neutrality by 2050 are also a key component of the strategy. To realize a decarbonized society, the company is promoting the supply of carbon-offset city gas and expanding the adoption of energy-efficient equipment. Through these initiatives, the company aims to advance low-carbon operations and achieve sustainable energy utilization.

Through these efforts, Hokuriku Gas aims to become a trusted and preferred corporate group for regional customers. In 2025, the company plans to acquire the gas business in Ojiya City to further enhance service quality. This expansion will strengthen the company's contribution to regional communities and support sustained growth.