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Japanese (NIKKEI) Utilities Sector Analysis

UpdatedJul 26, 2026
DataAggregated Company Financials
Companies31
  • 7D2.6%
  • 3M-1.4%
  • 1Y27.3%
  • YTD0.7%

The Utilities industry is up 2.6% in the last week, with Chubu Electric Power Company up 4.8%. This takes the industry's 12 month performance to a gain of 27%. As for the next few years, earnings are expected to grow by 1.5% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 26 Jul 2026JP¥14.5tJP¥30.9tJP¥1.2t10.1x12.6x0.5x
Tue, 23 Jun 2026JP¥14.1tJP¥30.9tJP¥1.2t9.5x12.2x0.5x
Thu, 21 May 2026JP¥14.5tJP¥30.9tJP¥1.2t9.7x12.5x0.5x
Sat, 18 Apr 2026JP¥15.5tJP¥31.4tJP¥1.1t10.8x13.9x0.5x
Mon, 16 Mar 2026JP¥15.6tJP¥31.4tJP¥1.1t9.8x13.9x0.5x
Wed, 11 Feb 2026JP¥15.7tJP¥31.4tJP¥1.1t9.7x14.1x0.5x
Fri, 09 Jan 2026JP¥14.4tJP¥31.9tJP¥1.1t9.8x12.7x0.5x
Sun, 07 Dec 2025JP¥13.9tJP¥31.9tJP¥1.1t9.9x12.3x0.4x
Tue, 04 Nov 2025JP¥13.5tJP¥31.9tJP¥1.1t10x12x0.4x
Thu, 02 Oct 2025JP¥12.7tJP¥32.3tJP¥924.5b10.5x13.7x0.4x
Sat, 30 Aug 2025JP¥13.0tJP¥32.3tJP¥923.8b10.9x14.1x0.4x
Mon, 28 Jul 2025JP¥11.7tJP¥32.4tJP¥1.8t10.8x6.6x0.4x
Wed, 25 Jun 2025JP¥10.6tJP¥32.4tJP¥1.8t10.1x6x0.3x
Fri, 23 May 2025JP¥10.6tJP¥32.4tJP¥1.8t10.2x6x0.3x
Sun, 20 Apr 2025JP¥10.5tJP¥31.9tJP¥1.7t9.8x6.2x0.3x
Tue, 18 Mar 2025JP¥11.3tJP¥31.9tJP¥1.7t9.6x6.7x0.4x
Thu, 13 Feb 2025JP¥10.3tJP¥31.9tJP¥1.7t10.6x6.1x0.3x
Sat, 11 Jan 2025JP¥10.2tJP¥31.8tJP¥1.5t10.8x6.9x0.3x
Mon, 09 Dec 2024JP¥10.6tJP¥31.8tJP¥1.5t11.4x7.2x0.3x
Wed, 06 Nov 2024JP¥11.4tJP¥31.8tJP¥1.5t10.1x7.7x0.4x
Fri, 04 Oct 2024JP¥11.3tJP¥31.7tJP¥1.9t10.9x6.1x0.4x
Sun, 01 Sep 2024JP¥12.0tJP¥31.7tJP¥1.9t10.5x6.4x0.4x
Tue, 30 Jul 2024JP¥11.8tJP¥32.2tJP¥2.3t9.7x5.2x0.4x
Thu, 27 Jun 2024JP¥12.6tJP¥32.2tJP¥2.3t10.4x5.6x0.4x
Sat, 25 May 2024JP¥12.8tJP¥32.2tJP¥2.3t10.5x5.6x0.4x
Mon, 22 Apr 2024JP¥12.3tJP¥34.0tJP¥3.1t8.1x3.9x0.4x
Wed, 20 Mar 2024JP¥11.6tJP¥34.0tJP¥3.1t7.7x3.7x0.3x
Fri, 16 Feb 2024JP¥10.4tJP¥34.0tJP¥3.1t7.2x3.3x0.3x
Sun, 14 Jan 2024JP¥10.9tJP¥35.7tJP¥2.3t9.4x4.8x0.3x
Tue, 12 Dec 2023JP¥11.2tJP¥35.7tJP¥2.3t9.1x4.9x0.3x
Thu, 09 Nov 2023JP¥9.9tJP¥35.7tJP¥2.3t9.8x4.4x0.3x
Sat, 07 Oct 2023JP¥9.9tJP¥36.2tJP¥1.0t11.2x9.5x0.3x
Mon, 04 Sep 2023JP¥10.4tJP¥36.2tJP¥1.0t11x9.9x0.3x
Wed, 02 Aug 2023JP¥10.1tJP¥36.0tJP¥850.6b9.6x11.8x0.3x
Price to Earnings Ratio

11.8x


Total Market Cap: JP¥10.1tTotal Earnings: JP¥850.6bTotal Revenue: JP¥36.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Utilities Sector Price to Earnings3Y Average 7.8x202420252026
Current Industry PE
  • Investors are optimistic on the Japanese Utilities industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 12.6x which is higher than its 3-year average PE of 7.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.37x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 11% per year over the last three years.
  • Meanwhile revenues for these companies have declined 5.0% per year.
  • This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

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

JP Market2.14%
Utilities2.61%
Renewable Energy3.67%
Electric Utilities2.80%
Gas Utilities2.13%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 8.5x.
    • Analysts are expecting annual earnings growth of 4.5%, which is higher than its past year's earnings decline of 13.0% per year.
  • Investors are most pessimistic about the Gas Utilities industry, which is trading close to its 3-year average of 11.5x.
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 3.7% 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
9502 Chubu Electric Power CompanyJP¥3.00k4.8%
+JP¥103.1b		59.8%PE9.9x
9503 Kansai Electric Power CompanyJP¥2.37k3.0%
+JP¥77.4b		27.4%PE6.9x
9532 Osaka GasJP¥5.52k2.9%
+JP¥59.3b		45.0%PE13.8x
9531 Tokyo GasLtdJP¥6.23k2.3%
+JP¥45.9b		24.5%PE9.1x
9513 Electric Power DevelopmentJP¥3.83k4.9%
+JP¥31.5b		48.8%PE11.5x

Latest News

9507
JP¥1,548.00
Shikoku Electric Power Company
7D
2.9%
1Y
20.7%
9504
JP¥926.20
Chugoku Electric Power
7D
-0.5%
1Y
12.5%
9513
JP¥3,834.00
Electric Power Development
7D
4.9%
1Y
48.8%
8174
JP¥2,863.50
Nippon Gas
7D
-1.0%
1Y
6.1%
9531
JP¥6,226.00
Tokyo GasLtd
7D
2.3%
1Y
24.5%
9535
JP¥420.00
HIROSHIMA GASLtd
7D
-0.5%
1Y
16.7%
9502
JP¥2,999.50
Chubu Electric Power Company
7D
4.8%
1Y
59.8%
9506
JP¥1,142.00
Tohoku Electric Power Company
7D
1.3%
1Y
3.4%
9532
JP¥5,523.00
Osaka Gas
7D
2.9%
1Y
45.0%
9534
JP¥775.00
Hokkaido Gas
7D
-0.1%
1Y
29.2%
9501
JP¥516.70
Tokyo Electric Power Company Holdings
7D
2.0%
1Y
-9.6%
7692
JP¥78.00
Earth InfinityLtd
7D
-1.3%
1Y
-32.8%
9517
JP¥871.00
eREXLtd
7D
-1.8%
1Y
14.6%
350A
JP¥758.00
DIGITAL GRID
7D
-0.7%
1Y
-59.0%
9503
JP¥2,366.50
Kansai Electric Power Company
7D
3.0%
1Y
27.4%
Narrative Update • Jul 10

9503: Incident Resolution And Revised Shareholder Returns Will Offer Future Entry Opportunity

Analysts have trimmed their price target on Kansai Electric Power Company from ¥2,678 to ¥2,562, reflecting updated views on slightly different revenue growth, profit margin, and future P/E assumptions in their models. What’s in the News for Kansai Electric Power Company A steam leak at Mihama Nuclear Power Station Unit 3 on May 8, 2026 triggered an alarm on the high-pressure turbine casing temperature.