Japanese Utilities Low Leverage High Rewards

Toho Gas

Market Cap: JP¥387.6b

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

Shizuoka Gas

Market Cap: JP¥80.5b

Produces, supplies, and sells city gas in Japan.

ToellLtd

Market Cap: JP¥14.7b

Engages in the production, wholesale, and retail of liquefied petroleum gas (LPG) in Japan and internationally.

Keiyo Gas

Market Cap: JP¥35.4b

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

Hokuriku GasLtd

Market Cap: JP¥16.3b

Operates gas business in Japan.