Against the backdrop of the government's hydrogen strategy and market expansion, this article identifies 7 leading Japanese hydrogen-related stocks and provides a detailed overview of each company's business development and earnings outlook.
Amid the recent progress in decarbonisation, the Japanese government has revised its strategy centred on hydrogen. Under the framework of the Basic Strategy for Hydrogen, public- and private-sector support and infrastructure development are advancing, with deployment targets through 2030 and long-term growth potential set out.
The article highlights the growth potential of the hydrogen market and identifies 7 leading hydrogen-related stocks against the backdrop of global investment trends and Japanese policy support. The market is expected to achieve high growth, and the article also points to the presence of undervalued stocks.
The leading stocks are Iwatani Corporation, ENEOS Holdings, Kawasaki Heavy Industries, Toyoda Gosei, Toyo Kanetsu, Mitsubishi Kakoki Kaisha and Toyota Motor. The companies are advancing their businesses across different parts of the supply chain, including hydrogen production, transportation and storage, mobility, and infrastructure development.
The article identifies the continuity of government support and the importance of a long-term perspective, changes in competitiveness resulting from the commercialisation of new technologies such as MOFs, and the risk of recovering infrastructure investment as key investment considerations. It explains that the outlook requires ongoing assessment.