Nippon Gas Co., Ltd.
Nippon Gas Co., Ltd. engages in the supply and sale of LP gas and natural gas in Japan. It operates through LP Gas Business, Electricity Business, and City Gas Business segments. The company supplies LP gas through pipelines to homes built for sale, company dormitories, apartment buildings, other residential apartment complexes, as well as for residential, commercial, industrial, agricultural, an… Read more
Nippon Gas Co., Ltd. (NPNGY) - Net Assets
Latest net assets as of September 2025: $64.69 Billion USD
Based on the latest financial reports, Nippon Gas Co., Ltd. (NPNGY) has net assets worth $64.69 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($138.93 Billion) and total liabilities ($74.23 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $64.69 Billion |
| % of Total Assets | 46.57% |
| Annual Growth Rate | -0.27% |
| 5-Year Change | -2.73% |
| 10-Year Change | N/A |
| Growth Volatility | 4.09 |
Nippon Gas Co., Ltd. - Net Assets Trend (2020–2025)
This chart illustrates how Nippon Gas Co., Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nippon Gas Co., Ltd. (2020–2025)
The table below shows the annual net assets of Nippon Gas Co., Ltd. from 2020 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $67.45 Billion | -7.26% |
| 2024-03-31 | $72.72 Billion | -2.12% |
| 2023-03-31 | $74.30 Billion | +3.35% |
| 2022-03-31 | $71.89 Billion | +3.68% |
| 2021-03-31 | $69.34 Billion | +1.44% |
| 2020-03-31 | $68.35 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nippon Gas Co., Ltd.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $62.71 Billion | 92.98% |
| Other Components | $4.73 Billion | 7.02% |
| Total Equity | $67.45 Billion | 100.00% |
Nippon Gas Co., Ltd. Competitors by Market Cap
The table below lists competitors of Nippon Gas Co., Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Insperity Inc
NYSE:NSP
|
$843.87 Million |
|
Iradimed Co
NASDAQ:IRMD
|
$843.89 Million |
|
Pan Ocean Co Ltd
KO:028670
|
$843.96 Million |
|
Com7 Public Company Limited
BK:COM7-R
|
$844.43 Million |
|
INDOF.CBP SUK.MAKM.RP 50
F:48I
|
$843.58 Million |
|
Limbach Holdings Inc
NASDAQ:LMB
|
$843.48 Million |
|
Jiangsu Flowers King
SHG:603007
|
$843.20 Million |
|
President Securities Corp
TW:2855
|
$842.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nippon Gas Co., Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 72,724,000,000 to 67,446,000,000, a change of -5,278,000,000 (-7.3%).
- Net income of 11,548,000,000 contributed positively to equity growth.
- Dividend payments of 9,414,000,000 reduced retained earnings.
- Share repurchases of 6,770,000,000 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $11.55 Billion | +17.12% |
| Dividends Paid | $9.41 Billion | -13.96% |
| Share Repurchases | $6.77 Billion | -10.04% |
| Other Changes | $-642.00 Million | -0.95% |
| Total Change | $- | -7.26% |
Book Value vs Market Value Analysis
This analysis compares Nippon Gas Co., Ltd.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.01x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-03-31 | $570.88 | $8.15 | x |
| 2021-03-31 | $592.63 | $8.15 | x |
| 2022-03-31 | $624.78 | $8.15 | x |
| 2023-03-31 | $652.62 | $8.15 | x |
| 2024-03-31 | $650.53 | $8.15 | x |
| 2025-03-31 | $618.67 | $8.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nippon Gas Co., Ltd. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 17.12%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.77%
- • Asset Turnover: 1.28x
- • Equity Multiplier: 2.31x
- Recent ROE (17.12%) is above the historical average (14.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 11.33% | 5.84% | 1.00x | 1.94x | $907.00 Million |
| 2021 | 13.52% | 6.53% | 1.02x | 2.02x | $2.44 Billion |
| 2022 | 13.87% | 6.13% | 1.06x | 2.14x | $2.78 Billion |
| 2023 | 14.22% | 5.08% | 1.34x | 2.08x | $3.14 Billion |
| 2024 | 14.89% | 5.57% | 1.22x | 2.19x | $3.55 Billion |
| 2025 | 17.12% | 5.77% | 1.28x | 2.31x | $4.80 Billion |
Industry Comparison
This section compares Nippon Gas Co., Ltd.'s net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $9,591,711,655
- Average return on equity (ROE) among peers: 15.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nippon Gas Co., Ltd. (NPNGY) | $64.69 Billion | 11.33% | 1.15x | $843.73 Million |
| APA Group (APAJF) | $3.21 Billion | 8.05% | 4.14x | $6.28 Billion |
| Ascopiave S.p.A (ASCOF) | $409.67 Million | 8.69% | 1.12x | $220.54 Million |
| Atmos Energy Corporation (ATO) | $1.65 Billion | 8.96% | 2.47x | $30.35 Billion |
| Beijing Gas Blue Sky Holdings Limited (BJGBF) | $25.42 Million | 42.17% | 3.14x | $31.34 Million |
| Black Hills Corporation (BKH) | $205.40 Million | 15.77% | 1.48x | $5.29 Billion |
| CF Energy Corp (CGFEF) | $47.11 Million | 14.33% | 1.32x | $2.67 Million |
| China Gas Holdings Limited (CGHOF) | $45.80 Billion | 20.06% | 1.45x | $2.35 Billion |
| Chesapeake Utilities Corporation (CPK) | $561.58 Million | 11.60% | 2.18x | $3.01 Billion |
| China Resources Gas Group Limited (CRGGF) | $31.61 Billion | 14.08% | 1.33x | $2.74 Billion |
| China Suntien Green Energy Corporation Limited (CSGEF) | $12.40 Billion | 10.23% | 2.16x | $894.23 Million |