Hokkaido Gas Co., Ltd. 9534

Scrum Ventures, a San Francisco and Tokyo-based venture capital firm, and its subsidiary Scrum Studio, today announced 8 startups selected to join the second year of Hokkaido F Village X (HFX), a global co-creation program designed to foster innovation among international startups, leading Japanese corporations, and local municipalities in Hokkaido. The program is based at the Hokkaido Ballpark F Village in Kitahiroshima City, Japan, and aims to leverage new technology to enhance the region's ap

Scrum Ventures, a San Francisco and Tokyo-based venture capital firm, and its subsidiary Scrum Studio, today announced that Hokkaido Gas Co., Ltd. has joined as a new corporate partner of Hokkaido F Village X (HFX), a global co-creation program based at Hokkaido Ballpark F Village in Japan. HFX brings together global startups, corporate partners, and local government entities to drive business co-creation focused on bringing prosperity to Hokkaido and addressing regional challenges.

Hokkaido Gas (TSE:9534) reported a net profit margin of 6.8%, up from 6.3% previously, as annual earnings growth reached 10.7%. This is slower than its five-year average of 22.7% per year. The share price sits at ¥678.0, and with a price-to-earnings ratio of just 5.1x, the company is trading well below both the Asian Gas Utilities industry average of 13.7x and its estimated fair value of ¥2158.75. Investors may see these results as confirmation of a solid profit track record and ongoing...