Japanese Utilities Potentially Undervalued Companies

EF-ON

Market Cap: JP¥7.7b

Operates as an energy service company in Japan.

Tokyo GasLtd

Market Cap: JP¥2.3t

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

Tohoku Electric Power Company

Market Cap: JP¥552.9b

Operates as an energy service in Japan and internationally.

YTL Corporation Berhad

Market Cap: JP¥24.4b

Operates as an integrated infrastructure developer.

Hokkaido Gas

Market Cap: JP¥71.0b

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

Hokuriku GasLtd

Market Cap: JP¥17.9b

Operates gas business in Japan.

Saibu Gas HoldingsLtd

Market Cap: JP¥82.1b

Produces, supplies, and sells natural gas in Japan.

RENOVA

Market Cap: JP¥61.8b

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

Kyushu Electric Power Company

Market Cap: JP¥800.7b

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

Hokuriku Electric Power

Market Cap: JP¥201.2b

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

Tokyo Electric Power Company Holdings

Market Cap: JP¥893.0b

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

ToellLtd

Market Cap: JP¥16.2b

Engages in the energy and water businesses in Japan.

K&O Energy Group

Market Cap: JP¥109.8b

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

Electric Power Development

Market Cap: JP¥574.8b

Operates as electric utility company in Japan.

Chugoku Electric Power

Market Cap: JP¥352.9b

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

eREXLtd

Market Cap: JP¥47.9b

Engages in the electric power business in Japan and internationally.