Japanese Utilities Strong Balance Sheet Stocks

HIROSHIMA GASLtd

Market Cap: JP¥28.8b

Engages in the gas business in Japan.

ToellLtd

Market Cap: JP¥16.3b

Engages in the energy and water businesses in Japan.

K&O Energy Group

Market Cap: JP¥96.2b

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¥434.4b

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¥30.0b

Operates power trading platform in Japan.

Earth InfinityLtd

Market Cap: JP¥8.6b

Engages in the electricity and gas retail businesses in Japan.

Environment Friendly Holdings

Market Cap: JP¥16.2b

Engages in the renewable energy and resource recycling business.

Nippon Gas

Market Cap: JP¥312.2b

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

eREXLtd

Market Cap: JP¥67.0b

Engages in the electric power business in Japan and internationally.

GreenEnergy

Market Cap: JP¥15.7b

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

SDS HOLDINGSLtd

Market Cap: JP¥2.4b

Engages in renewable energy, energy saving, and facility solution businesses in Japan.

Keiyo Gas

Market Cap: JP¥46.9b

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

Tokyo GasLtd

Market Cap: JP¥2.1t

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

Hokkaido Gas

Market Cap: JP¥69.1b

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

Osaka Gas

Market Cap: JP¥2.1t

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