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Japanese (NIKKEI) Utilities Sector Analysis

UpdatedNov 23, 2024
DataAggregated Company Financials
Companies33
  • 7D-1.4%
  • 3M-8.8%
  • 1Y8.1%
  • YTD4.4%

Over the last 7 days, the Utilities industry has dropped 1.4%, driven by a pullback from Kansai Electric Power Company of 6.4%. On the other hand Tokyo GasLtd is actually up 19%. This takes the industry's 12 month performance to a gain of 8.1%. Earnings are forecast to grow by 3.0% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 23 Nov 2024JP¥10.8tJP¥31.8tJP¥1.5t11.7x7.3x0.3x
Mon, 21 Oct 2024JP¥11.6tJP¥31.7tJP¥1.9t10.4x6.2x0.4x
Wed, 18 Sep 2024JP¥11.2tJP¥31.7tJP¥1.9t10.6x6x0.4x
Fri, 16 Aug 2024JP¥11.5tJP¥31.7tJP¥1.9t11.1x6.2x0.4x
Sun, 14 Jul 2024JP¥12.2tJP¥32.2tJP¥2.3t10.2x5.4x0.4x
Tue, 11 Jun 2024JP¥13.1tJP¥32.2tJP¥2.3t10.5x5.8x0.4x
Thu, 09 May 2024JP¥12.6tJP¥32.5tJP¥2.3t8.5x5.4x0.4x
Sat, 06 Apr 2024JP¥12.0tJP¥34.0tJP¥3.1t8x3.8x0.4x
Mon, 04 Mar 2024JP¥10.8tJP¥34.0tJP¥3.1t7.5x3.4x0.3x
Wed, 31 Jan 2024JP¥10.8tJP¥35.7tJP¥2.3t9.8x4.8x0.3x
Fri, 29 Dec 2023JP¥10.3tJP¥35.7tJP¥2.3t9.1x4.5x0.3x
Sun, 26 Nov 2023JP¥10.2tJP¥35.7tJP¥2.3t8.8x4.5x0.3x
Tue, 24 Oct 2023JP¥10.0tJP¥36.2tJP¥1.0t11.1x9.6x0.3x
Thu, 21 Sep 2023JP¥10.9tJP¥36.2tJP¥1.0t11.5x10.5x0.3x
Sat, 19 Aug 2023JP¥9.6tJP¥36.2tJP¥1.0t10.8x9.2x0.3x
Mon, 17 Jul 2023JP¥9.0tJP¥35.3t-JP¥16,911,000,000.0011.2x-530.8x0.3x
Wed, 14 Jun 2023JP¥9.4tJP¥35.3t-JP¥20,648,000,000.0012x-455.5x0.3x
Fri, 12 May 2023JP¥8.6tJP¥35.2t-JP¥7,626,000,000.0015.1x-1131.3x0.2x
Sun, 09 Apr 2023JP¥8.0tJP¥33.1t-JP¥1,077,070,000,000.0013.4x-7.4x0.2x
Tue, 07 Mar 2023JP¥8.1tJP¥33.1t-JP¥1,075,885,000,000.0013.6x-7.5x0.2x
Thu, 02 Feb 2023JP¥8.1tJP¥32.1t-JP¥658,098,000,000.0013.2x-12.3x0.3x
Sat, 31 Dec 2022JP¥8.1tJP¥29.9t-JP¥617,227,000,000.0013.4x-13.1x0.3x
Mon, 28 Nov 2022JP¥8.3tJP¥29.9t-JP¥616,706,000,000.0014.5x-13.4x0.3x
Wed, 26 Oct 2022JP¥7.9tJP¥26.7tJP¥28.0b14x280.9x0.3x
Fri, 23 Sep 2022JP¥8.4tJP¥26.7tJP¥27.3b15x307.4x0.3x
Sun, 21 Aug 2022JP¥8.6tJP¥26.7tJP¥27.9b16.2x309.3x0.3x
Tue, 19 Jul 2022JP¥8.8tJP¥24.6tJP¥246.7b17.5x35.6x0.4x
Thu, 16 Jun 2022JP¥8.2tJP¥24.6tJP¥252.2b15x32.4x0.3x
Sat, 14 May 2022JP¥8.4tJP¥24.6tJP¥253.5b15.7x33.2x0.3x
Mon, 11 Apr 2022JP¥7.5tJP¥24.0tJP¥237.9b15.6x31.5x0.3x
Wed, 09 Mar 2022JP¥7.7tJP¥24.0tJP¥237.3b15.5x32.4x0.3x
Fri, 04 Feb 2022JP¥7.4tJP¥24.4tJP¥241.0b15.5x30.6x0.3x
Sun, 02 Jan 2022JP¥7.4tJP¥23.7tJP¥522.0b15.2x14.1x0.3x
Tue, 30 Nov 2021JP¥7.5tJP¥23.7tJP¥522.6b16.1x14.3x0.3x
Price to Earnings Ratio

14.3x


Total Market Cap: JP¥7.5tTotal Earnings: JP¥522.6bTotal Revenue: JP¥23.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Utilities Sector Price to Earnings3Y Average -1.1x202220232024
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 7.3x which is higher than its 3-year average PE of -1.1x.
  • The industry is trading close to its 3-year average PS ratio of 0.31x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 41% per year over the last three years.
  • Revenues for these companies have grown 10% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

JP Market-0.51%
Utilities-1.41%
Gas Utilities5.74%
Renewable Energy0.93%
Other Utilities0%
Water Utilities0%
Electric Utilities-5.87%
Industry PE
  • Investors are most optimistic about the Gas Utilities industry which is trading above its 3-year average PE ratio of 10.4x.
    • Analysts are expecting annual earnings growth of 6.7%, which is higher than its past year's earnings decline of 46.6% per year.
  • Investors are most pessimistic about the Electric Utilities industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 2.0x.
Forecasted Growth
  • Analysts are most optimistic on the Gas Utilities industry, expecting annual earnings growth of 6.7% over the next 5 years.
  • This is better than its past earnings decline of 47% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 4.4% 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
9531 Tokyo GasLtdJP¥4.53k19.0%
+JP¥280.9b		34.3%PE21.1x
9522 Renewable JapanJP¥1.25k95.1%
+JP¥18.2b		72.2%PE85.4x
176A RezilJP¥1.95k25.3%
+JP¥7.3b		n/an/a
9543 Shizuoka GasJP¥1.04k3.0%
+JP¥2.3b		2.5%PE10.8x
1663 K&O Energy GroupJP¥3.00k1.3%
+JP¥1.0b		35.5%PE11.9x
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Latest News

9531

JP¥4,531.00

Tokyo GasLtd

7D

19.0%

1Y

34.3%

Why Tokyo GasLtd's (TSE:9531) Shaky Earnings Are Just The Beginning Of Its Problems

Nov 23
Why Tokyo GasLtd's (TSE:9531) Shaky Earnings Are Just The Beginning Of Its Problems

9507

JP¥1,233.50

Shikoku Electric Power Company

7D

-5.9%

1Y

20.4%

9502

JP¥1,639.50

Chubu Electric Power Company

7D

-3.6%

1Y

-10.0%

Chubu Electric Power Company (TSE:9502) Seems To Be Using A Lot Of Debt

Nov 21
Chubu Electric Power Company (TSE:9502) Seems To Be Using A Lot Of Debt

9532

JP¥3,183.00

Osaka Gas

7D

-4.0%

1Y

10.6%

Some Investors May Be Willing To Look Past Osaka Gas' (TSE:9532) Soft Earnings

Nov 19
Some Investors May Be Willing To Look Past Osaka Gas' (TSE:9532) Soft Earnings

9522

JP¥1,245.00

Renewable Japan

7D

95.1%

1Y

72.2%

9503

JP¥1,850.00

Kansai Electric Power Company

7D

-6.4%

1Y

-4.8%

The Kansai Electric Power Company, Incorporated (TSE:9503) Not Doing Enough For Some Investors As Its Shares Slump 26%

Nov 17
The Kansai Electric Power Company, Incorporated (TSE:9503) Not Doing Enough For Some Investors As Its Shares Slump 26%

1663

JP¥2,997.00

K&O Energy Group

7D

1.3%

1Y

35.5%

9508

JP¥1,386.50

Kyushu Electric Power Company

7D

-9.6%

1Y

39.5%

9543

JP¥1,038.00

Shizuoka Gas

7D

3.0%

1Y

2.5%

Shizuoka Gas (TSE:9543) Is Paying Out A Larger Dividend Than Last Year

Nov 11
Shizuoka Gas (TSE:9543) Is Paying Out A Larger Dividend Than Last Year

9514

JP¥421.00

EF-ON

7D

5.8%

1Y

-18.6%

3777

JP¥31.00

Environment Friendly Holdings

7D

6.9%

1Y

-27.9%

Not Many Are Piling Into Environment Friendly Holdings Corp. (TSE:3777) Just Yet

Nov 08
Not Many Are Piling Into Environment Friendly Holdings Corp. (TSE:3777) Just Yet

9501

JP¥558.80

Tokyo Electric Power Company Holdings

7D

-3.8%

1Y

-13.6%

9504

JP¥965.90

Chugoku Electric Power

7D

-6.1%

1Y

-2.7%

9506

JP¥1,203.00

Tohoku Electric Power Company

7D

-8.5%

1Y

29.4%

1436

JP¥2,051.00

GreenEnergy

7D

2.5%

1Y

157.0%

176A

JP¥1,945.00

Rezil

7D

25.3%

1Y

n/a