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Japanese (NIKKEI) Utilities Sector Analysis

UpdatedJun 05, 2026
DataAggregated Company Financials
Companies31
  • 7D-1.7%
  • 3M-10.4%
  • 1Y38.7%
  • YTD-2.6%

Over the last 7 days, the Utilities industry has dropped 1.7%, driven by a pullback from Chubu Electric Power Company of 4.2%. Over the past 12 months, the industry was up 39%. Looking forward, earnings are forecast to grow by 1.4% annually.

Sector Valuation and Performance

Has the Japanese Utilities Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 05 Jun 2026JP¥14.1tJP¥30.9tJP¥1.2t9.3x12.2x0.5x
Sun, 03 May 2026JP¥14.6tJP¥30.9tJP¥1.2t10.4x11.9x0.5x
Tue, 31 Mar 2026JP¥16.0tJP¥31.4tJP¥1.1t10.9x14.3x0.5x
Thu, 26 Feb 2026JP¥16.1tJP¥31.4tJP¥1.1t10.1x14.4x0.5x
Sat, 24 Jan 2026JP¥14.8tJP¥31.9tJP¥1.1t10.2x13.1x0.5x
Mon, 22 Dec 2025JP¥14.4tJP¥31.9tJP¥1.1t9.6x12.6x0.4x
Wed, 19 Nov 2025JP¥14.3tJP¥31.9tJP¥1.1t9.8x12.6x0.4x
Fri, 17 Oct 2025JP¥13.3tJP¥32.3tJP¥924.5b10.7x14.3x0.4x
Sun, 14 Sep 2025JP¥13.4tJP¥32.3tJP¥924.5b10.4x14.5x0.4x
Tue, 12 Aug 2025JP¥12.6tJP¥32.3tJP¥923.3b10.7x13.6x0.4x
Thu, 10 Jul 2025JP¥11.2tJP¥32.4tJP¥1.8t10.1x6.3x0.3x
Sat, 07 Jun 2025JP¥10.4tJP¥32.4tJP¥1.8t10.2x5.9x0.3x
Mon, 05 May 2025JP¥10.9tJP¥32.3tJP¥1.7t10.6x6.3x0.3x
Wed, 02 Apr 2025JP¥10.9tJP¥31.9tJP¥1.7t9.7x6.4x0.3x
Fri, 28 Feb 2025JP¥10.7tJP¥31.9tJP¥1.7t9.3x6.3x0.3x
Sun, 26 Jan 2025JP¥10.3tJP¥31.8tJP¥1.5t10.6x7x0.3x
Tue, 24 Dec 2024JP¥10.3tJP¥31.8tJP¥1.5t10.8x7x0.3x
Thu, 21 Nov 2024JP¥10.9tJP¥31.8tJP¥1.5t11.9x7.4x0.3x
Sat, 19 Oct 2024JP¥11.6tJP¥31.7tJP¥1.9t10.4x6.2x0.4x
Mon, 16 Sep 2024JP¥11.3tJP¥31.7tJP¥1.9t10x6.1x0.4x
Wed, 14 Aug 2024JP¥11.3tJP¥31.7tJP¥1.9t11.1x6.1x0.4x
Fri, 12 Jul 2024JP¥12.2tJP¥32.2tJP¥2.3t10x5.4x0.4x
Sun, 09 Jun 2024JP¥13.0tJP¥32.2tJP¥2.3t10.6x5.8x0.4x
Tue, 07 May 2024JP¥12.7tJP¥32.5tJP¥2.3t8.6x5.5x0.4x
Thu, 04 Apr 2024JP¥11.8tJP¥34.0tJP¥3.1t7.8x3.7x0.3x
Sat, 02 Mar 2024JP¥10.8tJP¥34.0tJP¥3.1t7.5x3.4x0.3x
Mon, 29 Jan 2024JP¥10.6tJP¥35.7tJP¥2.3t9.6x4.7x0.3x
Wed, 27 Dec 2023JP¥10.1tJP¥35.7tJP¥2.3t9.1x4.5x0.3x
Fri, 24 Nov 2023JP¥10.2tJP¥35.7tJP¥2.3t8.8x4.5x0.3x
Sun, 22 Oct 2023JP¥10.0tJP¥36.2tJP¥1.0t11.1x9.6x0.3x
Tue, 19 Sep 2023JP¥11.2tJP¥36.2tJP¥1.0t11.3x10.7x0.3x
Thu, 17 Aug 2023JP¥9.8tJP¥36.2tJP¥1.0t10.8x9.4x0.3x
Sat, 15 Jul 2023JP¥9.0tJP¥35.3t-JP¥20,011,000,000.0011.2x-448.6x0.3x
Mon, 12 Jun 2023JP¥9.4tJP¥35.3t-JP¥20,776,000,000.0013.4x-452.8x0.3x
Price to Earnings Ratio

-452.8x


Total Market Cap: JP¥9.4tTotal Earnings: -JP¥20,776,000,000.00Total Revenue: JP¥35.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Utilities Sector Price to Earnings3Y Average -14.9x202420252026
Current Industry PE
  • Investors are pessimistic on the Japanese Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 12.2x which is higher than its 3-year average PE of -14.9x.
  • The industry is trading close to its 3-year average PS ratio of 0.36x.
Past Earnings Growth
  • Total earnings for the Utilities industry have gone up over the last three years and the industry is now profitable.
  • Revenues have declined 4.4% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Japanese Utilities sector?

JP Market1.38%
Utilities-1.69%
Gas Utilities-0.85%
Electric Utilities-1.86%
Renewable Energy-5.06%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 8.3x.
    • Analysts are expecting annual earnings growth of 3.1%, which is lower than the prior year's growth of 74.5% per year.
  • Investors are most pessimistic about the Gas Utilities industry, which is trading close to its 3-year average of 11.3x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 4.5% over the next 5 years.
  • This is better than its past earnings decline of 13% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings decline by 3.8% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
9532 Osaka GasJP¥5.48k2.2%
+JP¥45.2b		51.1%PE13.7x
9539 Keiyo GasJP¥1.38k1.4%
+JP¥610.9m		12.5%PE10.7x
9536 Saibu Gas HoldingsLtdJP¥2.20k0.3%
+JP¥215.9m		21.8%PE11.1x
9511 Okinawa Electric Power CompanyJP¥908.000.1%
+JP¥54.3m		2.8%PE7.9x

Latest News

9532
JP¥5,479.00
Osaka Gas
7D
2.2%
1Y
51.1%
9531
JP¥6,170.00
Tokyo GasLtd
7D
-3.3%
1Y
27.8%
9511
JP¥908.00
Okinawa Electric Power Company
7D
0.1%
1Y
2.8%
9533
JP¥1,210.00
Toho Gas
7D
-1.6%
1Y
20.4%
9513
JP¥3,937.00
Electric Power Development
7D
-2.0%
1Y
66.4%
Analysis Article • May 19

Electric Power Development's (TSE:9513) Conservative Accounting Might Explain Soft Earnings

The market was pleased with the recent earnings report from Electric Power Development Co., Ltd. ( TSE:9513 ), despite...
9502
JP¥2,803.00
Chubu Electric Power Company
7D
-4.2%
1Y
64.8%
8174
JP¥2,685.50
Nippon Gas
7D
-3.0%
1Y
2.8%
9519
JP¥1,029.00
RENOVA
7D
-14.5%
1Y
56.6%
9501
JP¥527.70
Tokyo Electric Power Company Holdings
7D
-6.6%
1Y
41.5%
9536
JP¥2,201.00
Saibu Gas HoldingsLtd
7D
0.3%
1Y
21.8%
9507
JP¥1,411.50
Shikoku Electric Power Company
7D
-3.2%
1Y
20.6%
9539
JP¥1,379.00
Keiyo Gas
7D
1.4%
1Y
12.5%