Keiyo Gas

Basic Information

Stock Code
9539
Industry
Electricity and Gas Industry
Category Detail
Electric Power & Gas
Prefecture
Chiba Prefecture
Establishment Year
January 1927
Listing Year
August 1962
Official Website
https://www.keiyogas.co.jp
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Non-public competitor, TOKAI Holdings, Atom Ribin, IC, Nichigas, Tokyo Gas, Osaka Gas, Toho Gas, Hokkaido Gas, Hiroshima Gas, Saibu Gas Holdings, Hokuriku Gas, Shizuoka Gas

Overview

Keiyo Gas is a mid-sized energy company founded in 1927, centered in Chiba Prefecture, providing city gas and electricity supply, characterized by stable community-focused supply and diversified business development through group collaboration.

Current Situation

Keiyo Gas recorded consolidated sales of approximately 80.9 billion yen in fiscal 2023, securing a mid-tier position in the electricity and gas industry. Its core city gas supply is focused on northwestern Chiba, with stable raw material procurement via pipelines from Tokyo Gas. It launched retail electricity services in 2016 to address regional energy diversification. Following full gas retail liberalization in 2017, it emphasizes customer service enhancement and competitiveness improvement. Collaborating with group companies, it diversifies into gas appliance sales, elderly care-related businesses, solar power generation, and more, while contributing to the community. It actively promotes environmental technologies such as fuel cells and solar power generation. In 2024, it is advancing the redevelopment of the former Ichikawa plant site into 'Leaf City Ichikawa' to contribute to local economic revitalization. It also features regional sports promotion through its judo corporate team operations. It aims to evolve into a comprehensive lifestyle industry operator.

Trivia

Interesting Facts

  • City gas company established in 1927, steadfast in community-focused approach
  • Headquarters in Ichikawa City, Chiba Prefecture, supplied via Tokyo Bay undersea pipeline
  • Early adopter of household fuel cell 'Ene-Farm' sales
  • Famous judo corporate team that has produced Olympic athletes
  • Large-scale redevelopment of former Ichikawa plant site contributing to local revitalization
  • Enhancing competitiveness in response to full gas retail liberalization
  • Collaborating with Ichikawa City and local governments to contribute to decarbonization pioneer area designation
  • Provides energy and lifestyle services centered on diverse group companies
  • Promotes brand penetration in the region via wrapped advertising trains and buses
  • Expansion into lifestyle-related fields such as elderly care services

Hidden Connections

  • Core city gas operator that imports city gas from Tokyo Gas and Tokyo Electric Power without in-house production
  • Redeveloping former gas manufacturing plant site as regional real estate business, focusing on town building
  • Partnered with All-Day Security to offer home security with gas detection functions
  • Strengthening regional contributions and social recognition domestically and internationally through judo corporate team support
  • Expanding into lifestyle industries beyond energy through diverse group company collaborations
  • Regional community-focused advertising via wrapped trains on Shin-Keisei Electric Railway
  • Provides services under long-term care insurance in an integrated manner with group companies
  • Joint investment in LNG pipeline business contributing to stabilization of surrounding gas supply network

Future Outlook

Growth Drivers

  • Potential business expansion from full energy retail liberalization
  • Expansion of renewable energy demand and increased equipment investments
  • Diversification of regional services through elderly care and lifestyle support
  • Coordination with regional decarbonization policies and technology adoption
  • Business efficiency improvement via IoT and smart meters
  • Strengthened customer base and brand trust through regional focus
  • Improved real estate-related revenue from former factory site development
  • Integrated service deployment of gas, electricity, and telecommunications
  • Expanded social recognition through sports organization support
  • Growth in energy-saving equipment market due to strengthened environmental regulations
  • Enhanced customer acquisition through utilization of diverse sales channels
  • Advancement of region-solving businesses through administrative collaboration

Strategic Goals

  • Achieve over 50% renewable energy ratio
  • Expand non-gas sales business revenue composition to over 30%
  • Build and disseminate regional decarbonization model
  • Complete and operationalize town development project on former factory site
  • Maintain and improve customer satisfaction above 90%
  • Establish smart energy supply system using IoT and AI
  • Expand comprehensive regional elderly care business
  • Steady expansion of electricity sales scale
  • Continue regional social contributions through judo business
  • Sustain safe and stable gas supply infrastructure

Business Segments

Business City Gas Supply

Overview
Business city gas supply and energy solutions tailored to diverse needs.
Competitiveness
Detailed community-focused services and integrated response through group collaboration.
Customers
  • Factories and Manufacturing
  • Commercial Facilities
  • Hospitals and Medical Institutions
  • Restaurants and Hotels
  • Schools and Educational Institutions
  • Public Facilities
  • Large-volume Customers
  • Logistics Facilities
  • Research Institutions
  • Office Buildings
Products
  • City Gas Supply
  • Gas Heating Equipment
  • GHP (Gas Heat Pump)
  • Business Cogeneration Systems
  • Gas Alarm Devices
  • Energy Management Services
  • Gas Appliance Sales and Maintenance
  • Equipment Design and Construction
  • Energy-Saving Systems
  • Electricity Supply Plans

Retail Electricity Business

Overview
Provides energy-saving support and stable supply through electricity retailing tailored to regional characteristics.
Competitiveness
Plan design tailored to the region and strengthened collaboration with existing customers.
Customers
  • Small and Medium Enterprises
  • Retail Stores
  • Small Corporations
  • Schools
  • Municipalities
  • Factories
Products
  • Electricity Retailing
  • Energy-Saving Consulting
  • New Electricity Plans

Gas Appliances and Equipment Construction

Overview
Handles safe and efficient gas equipment construction and appliance sales.
Competitiveness
Technical collaboration within the group and community-focused sales.
Customers
  • General Housing
  • Commercial Buildings
  • Public Facilities
  • Industrial Plants
  • Real Estate Management Companies
Products
  • Gas Cooking Appliances
  • Water Heating and Heating Appliances
  • Air Conditioning Equipment
  • Piping Work
  • Renovation Work

Elderly Care and Lifestyle Support Business

Overview
Provides lifestyle services centered on support for the elderly in the community.
Competitiveness
Collaboration with group companies specialized in elderly care.
Customers
  • Elderly
  • Disabled Persons
  • Community Comprehensive Support Centers
  • Municipalities
Products
  • Visiting Care
  • Home Care Support
  • Visiting Nursing
  • Rental and Sales of Welfare Equipment for Care
  • Renovation Services

Renewable Energy Business

Overview
Renewable energy services aimed at reducing environmental impact.
Competitiveness
Local trust and long track record in equipment operations.
Customers
  • Municipalities
  • Corporations
  • General Households
  • Public Institutions
Products
  • Solar Power Systems
  • Biomass Power Generation
  • Energy-Saving Equipment Related
  • Energy Management Systems

Information Systems Services

Overview
Business efficiency improvement and operational support using information and communication technology.
Competitiveness
IT support leveraging specialized knowledge in the gas industry.
Customers
  • Group Companies
  • General Corporations
  • Public Organizations
Products
  • IT Solutions
  • Network Services
  • System Development and Maintenance
  • Information Consulting

Real Estate and Construction Business

Overview
Comprehensive provision of urban infrastructure development, construction, and real estate management.
Competitiveness
Multi-faceted services through collaboration within and outside the group.
Customers
  • Home Buyers
  • Corporations
  • Within Group
Products
  • Land Development
  • Construction Work
  • Real Estate Sales and Brokerage
  • Renovations
  • Facility Management

Insurance Agency and Leasing Business

Overview
Provides risk management and leasing services in one package.
Competitiveness
Synergies with energy-related businesses.
Customers
  • Individuals
  • Corporations
Products
  • Casualty Insurance
  • Life Insurance
  • Leasing of Company Vehicles and OA Equipment

Marketing and Call Center Business

Overview
Provides support services centered on customer response and market research.
Competitiveness
Careful service provision tailored to the region.
Customers
  • Group Companies
  • External Clients
Products
  • Call Center Operations
  • Advertising and Promotion Services
  • Survey and Marketing Operations

Transportation and Logistics Business

Overview
Deploys logistics support and delivery services for group companies.
Competitiveness
Specialized transportation expertise and regional collaboration.
Customers
  • Within Group
  • General Customers
Products
  • Delivery Services
  • Logistics Management
  • Special Vehicle Rental

Sports Promotion Business

Overview
Fosters regional sports culture through industry-academia-government collaboration.
Competitiveness
Proven track record in operating one of Japan's top corporate teams.
Customers
  • Local Residents
  • Sports Organizations
Products
  • Judo Team Operations
  • Sports Event Hosting
  • Social Contribution Activities

Environmental Conservation and Water Treatment Business

Overview
Provides environmentally harmonious water treatment equipment with advanced technology.
Competitiveness
Specialized engineering capabilities.
Customers
  • Industrial Users
  • Municipalities
  • Public Institutions
Products
  • Water Treatment Equipment Design and Construction
  • Sludge Treatment
  • Environmental Equipment Sales

Competitive Advantage

Strengths

  • Long-term stable supply system focused on the region
  • Revenue stability through diversified business
  • Synergies from collaboration with group companies
  • Strong customer base and service network
  • Promotion of environmental response technologies
  • Strong trust relationship with the local community
  • High technical capabilities in equipment maintenance
  • Growth orientation through new business development
  • Community-rooted judo corporate team operations
  • Stable financial foundation
  • Business advancement through public-private partnerships
  • Flexible customer response capabilities
  • High safety management system
  • Expansion of renewable energy business
  • Business diversification through entry into retail electricity

Competitive Advantages

  • Competitive strength as the main city gas supplier in northwestern Chiba Prefecture
  • Mid-tier regional status following Tokyo Gas and Osaka Gas
  • Customer-focused services leveraging regional characteristics
  • One-stop service through integrated gas and electricity supply
  • Value creation through collaboration with diverse group businesses
  • Differentiation through renewable energy and energy-saving equipment support
  • High employee expertise and regional knowledge
  • Regional contributions and branding through judo team
  • Local revitalization and new revenue sources from former factory site development
  • Advanced response in energy management services
  • Participation in decarbonization promotion projects with local governments
  • Expansion of customer touchpoints using diverse sales channels
  • Coverage of wide customer segments from small to large-volume users
  • Enhanced customer services through IT introduction and support systems
  • Strengthened reliability through enriched environmental and disaster prevention systems

Threats

  • Intensifying competition with major city gas companies
  • Intensified price competition due to gas retailing liberalization
  • Cost increases from fluctuations in raw material prices (naphtha and natural gas)
  • Risk of contraction in traditional businesses due to spread of renewable energy
  • Stagnant city gas demand and impact of population decline
  • Increased operational costs from strengthened regulations
  • Risk of equipment damage from natural disasters
  • Demand decline due to regional economic fluctuations
  • Delays in adoption of fuel cells and new technologies
  • Impact on business plans from changes in energy policy
  • Increased entry of competing companies due to electricity liberalization
  • Decline in competitiveness from delays in technological innovation

Innovations

2024: Leaf City Ichikawa development on former Ichikawa plant site

Overview
Converting the site into commercial and residential areas as an urban redevelopment project.
Impact
Local economic revitalization and creation of new revenue sources

2023: Promotion of high-efficiency fuel cell 'Ene-Farm'

Overview
Strengthening sales of household fuel cells and expanding maintenance systems.
Impact
CO2 emission reductions and improved regional energy efficiency

2022: Expansion of solar power generation business

Overview
Start of operations at Shirai Solar Power Plant and related equipment setup.
Impact
Increase in renewable energy sales

2021: Introduction of new plans with retail electricity launch

Overview
Launch of household and business low-voltage electricity sales and strengthened customer services.
Impact
Business revenue diversification and customer base expansion

2020: Response to full gas retail liberalization

Overview
Separation of pipeline and retail business accounting and establishment of liberalization framework.
Impact
Improved competitiveness and market responsiveness

Sustainability

  • Promoting CO2 reductions through dissemination of household fuel cell 'Ene-Farm'
  • Active introduction and equipment setup for renewable energy
  • Environmental impact reduction and local revitalization of former factory site
  • Participation in regional decarbonization promotion projects
  • Maintaining safe and stable gas supply systems