Japanese Utilities Strong Balance Sheet Stocks

ToellLtd

Market Cap: JP¥16.5b

Engages in the energy and water businesses in Japan.

K&O Energy Group

Market Cap: JP¥102.5b

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

Hokuriku GasLtd

Market Cap: JP¥20.2b

Operates gas business in Japan.

Toho Gas

Market Cap: JP¥437.7b

Engages in the gas, LPG and other energy, electric power, and other businesses in Japan and internationally.

Shizuoka Gas

Market Cap: JP¥96.4b

Produces, supplies, and sells city gas in Japan.

DIGITAL GRID

Market Cap: JP¥32.6b

Operates power trading platform in Japan.

HIROSHIMA GASLtd

Market Cap: JP¥29.2b

Engages in the gas business in Japan.

Earth InfinityLtd

Market Cap: JP¥8.8b

Engages in the electricity and gas retail businesses in Japan.

Nippon Gas

Market Cap: JP¥317.0b

Engages in the supply and sale of LP gas and natural gas in Japan.

Environment Friendly Holdings

Market Cap: JP¥16.9b

Engages in the renewable energy and resource recycling business.

eREXLtd

Market Cap: JP¥68.0b

Engages in the electric power business in Japan and internationally.

Osaka Gas

Market Cap: JP¥2.1t

Provides natural gas, electricity, and other energy products and services in Japan and internationally.

GreenEnergy

Market Cap: JP¥19.3b

Engages in the sale, construction, and maintenance of solar power generation facilities and compact houses equipped with solar power generation.

Tokyo GasLtd

Market Cap: JP¥2.0t

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

Keiyo Gas

Market Cap: JP¥44.5b

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

Hokkaido Gas

Market Cap: JP¥72.3b

Engages in gas business in Japan.