Japanese Utilities Strong Balance Sheet Stocks

ToellLtd

Market Cap: JP¥15.1b

Engages in the energy and water businesses in Japan.

K&O Energy Group

Market Cap: JP¥89.1b

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

Nippon Gas

Market Cap: JP¥326.8b

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

Hokuriku GasLtd

Market Cap: JP¥16.9b

Operates gas business in Japan.

Toho Gas

Market Cap: JP¥452.7b

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

Shizuoka Gas

Market Cap: JP¥87.7b

Produces, supplies, and sells city gas in Japan.

Earth InfinityLtd

Market Cap: JP¥11.3b

Engages in the electricity and gas retail businesses in Japan.

Environment Friendly Holdings

Market Cap: JP¥15.4b

Engages in the renewable energy business.

eREXLtd

Market Cap: JP¥50.0b

Engages in the electric power business in Japan and internationally.

Osaka Gas

Market Cap: JP¥2.0t

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

Keiyo Gas

Market Cap: JP¥37.0b

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

Tokyo GasLtd

Market Cap: JP¥2.1t

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

HIROSHIMA GASLtd

Market Cap: JP¥25.3b

Engages in the gas business in Japan.

Rezil

Market Cap: JP¥52.3b

Provides electricity services to condominium residents and corporations in Japan.

Hokkaido Gas

Market Cap: JP¥63.7b

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