Japanese Utilities Potentially Undervalued Companies

EF-ON

Market Cap: JP¥7.6b

Operates as an energy service company in Japan.

Tokyo GasLtd

Market Cap: JP¥2.2t

Engages in the production, supply, and sale of city gas and LNG in Japan.

Tohoku Electric Power Company

Market Cap: JP¥557.4b

Operates as an energy service in Japan and internationally.

YTL Corporation Berhad

Market Cap: JP¥25.0b

Operates as an integrated infrastructure developer.

Hokkaido Gas

Market Cap: JP¥72.0b

Engages in gas, and heat and power supply businesses in Japan.

Hokuriku GasLtd

Market Cap: JP¥17.8b

Operates gas business in Japan.

Saibu Gas HoldingsLtd

Market Cap: JP¥82.6b

Produces, supplies, and sells natural gas in Japan.

RENOVA

Market Cap: JP¥62.0b

Engages in the development and operation of renewable energy power plant in Japan.

Kyushu Electric Power Company

Market Cap: JP¥792.6b

Engages in the power generation, transmission, distribution, and retail in Japan and internationally.

Tokyo Electric Power Company Holdings

Market Cap: JP¥976.6b

Engages in the generation, transmission, distribution, and retail of electric power in Japan and internationally.

Hokuriku Electric Power

Market Cap: JP¥205.1b

Supplies electricity through power generation, transmission, and distribution systems in Japan.

ToellLtd

Market Cap: JP¥16.1b

Engages in the energy and water businesses in Japan.

K&O Energy Group

Market Cap: JP¥111.6b

Engages in the development, production, supply, and sale of natural gas and iodine in Japan.

Chugoku Electric Power

Market Cap: JP¥352.5b

Engages in generation, transmission, and distribution of electric power in Japan.

Electric Power Development

Market Cap: JP¥577.3b

Operates as electric utility company in Japan.

eREXLtd

Market Cap: JP¥48.4b

Engages in the electric power business in Japan and internationally.