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Japanese (NIKKEI) Utilities Sector Analysis

UpdatedFeb 07, 2026
DataAggregated Company Financials
Companies31
  • 7D5.9%
  • 3M12.2%
  • 1Y52.7%
  • YTD5.7%

The Utilities industry is up 4.7% in the last week, with Osaka Gas up 11%. In the last 12 months, the industry was up 48%. Looking forward, earnings are forecast to decline by 2.3% per year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 07 Feb 2026JP¥15.3tJP¥31.4tJP¥1.1t10x13.7x0.5x
Mon, 05 Jan 2026JP¥14.4tJP¥31.9tJP¥1.1t10.1x12.7x0.4x
Wed, 03 Dec 2025JP¥14.4tJP¥31.9tJP¥1.1t10x12.6x0.5x
Fri, 31 Oct 2025JP¥13.1tJP¥32.3tJP¥988.8b9.9x13.3x0.4x
Sun, 28 Sep 2025JP¥13.0tJP¥32.3tJP¥924.5b10.6x14.1x0.4x
Tue, 26 Aug 2025JP¥13.1tJP¥32.3tJP¥923.8b11.1x14.2x0.4x
Thu, 24 Jul 2025JP¥11.5tJP¥32.4tJP¥1.8t10.7x6.5x0.4x
Sat, 21 Jun 2025JP¥10.8tJP¥32.4tJP¥1.8t10.3x6.1x0.3x
Mon, 19 May 2025JP¥10.7tJP¥32.4tJP¥1.8t10.2x6x0.3x
Wed, 16 Apr 2025JP¥10.3tJP¥31.9tJP¥1.7t9.6x6.1x0.3x
Fri, 14 Mar 2025JP¥11.0tJP¥31.9tJP¥1.7t9.6x6.5x0.3x
Sun, 09 Feb 2025JP¥10.4tJP¥31.9tJP¥1.7t10.5x6.1x0.3x
Tue, 07 Jan 2025JP¥10.7tJP¥31.8tJP¥1.5t11.6x7.2x0.3x
Thu, 05 Dec 2024JP¥10.8tJP¥31.8tJP¥1.5t11.4x7.3x0.3x
Sat, 02 Nov 2024JP¥11.5tJP¥31.8tJP¥1.6t10.1x7.3x0.4x
Mon, 30 Sep 2024JP¥11.8tJP¥31.7tJP¥1.9t11x6.3x0.4x
Wed, 28 Aug 2024JP¥11.8tJP¥31.7tJP¥1.9t10.5x6.3x0.4x
Fri, 26 Jul 2024JP¥11.7tJP¥32.2tJP¥2.3t9.6x5.2x0.4x
Sun, 23 Jun 2024JP¥12.5tJP¥32.2tJP¥2.3t10.4x5.5x0.4x
Tue, 21 May 2024JP¥12.8tJP¥32.2tJP¥2.3t10.9x5.6x0.4x
Thu, 18 Apr 2024JP¥12.8tJP¥34.0tJP¥3.1t8.1x4.1x0.4x
Sat, 16 Mar 2024JP¥11.7tJP¥34.0tJP¥3.1t7.7x3.7x0.3x
Mon, 12 Feb 2024JP¥10.4tJP¥34.0tJP¥3.1t7x3.3x0.3x
Wed, 10 Jan 2024JP¥10.8tJP¥35.7tJP¥2.3t9.3x4.8x0.3x
Fri, 08 Dec 2023JP¥10.7tJP¥35.7tJP¥2.3t8.9x4.7x0.3x
Sun, 05 Nov 2023JP¥10.6tJP¥35.7tJP¥2.3t8.9x4.7x0.3x
Tue, 03 Oct 2023JP¥10.2tJP¥36.2tJP¥1.0t11.3x9.8x0.3x
Thu, 31 Aug 2023JP¥10.3tJP¥36.2tJP¥1.0t11.1x9.8x0.3x
Sat, 29 Jul 2023JP¥9.5tJP¥35.4tJP¥36.9b11.6x258.7x0.3x
Mon, 26 Jun 2023JP¥9.6tJP¥35.3t-JP¥20,378,000,000.0011.6x-468.7x0.3x
Wed, 24 May 2023JP¥8.8tJP¥35.3t-JP¥21,037,000,000.0013.3x-420.2x0.3x
Fri, 21 Apr 2023JP¥8.2tJP¥33.1t-JP¥1,077,648,000,000.0013.8x-7.6x0.2x
Sun, 19 Mar 2023JP¥8.0tJP¥33.2t-JP¥1,077,044,000,000.0014.2x-7.4x0.2x
Tue, 14 Feb 2023JP¥8.0tJP¥33.1t-JP¥1,074,143,000,000.0013.9x-7.4x0.2x
Price to Earnings Ratio

-7.4x


Total Market Cap: JP¥8.0tTotal Earnings: -JP¥1,074,143,000,000.00Total Revenue: JP¥33.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Utilities Sector Price to Earnings3Y Average -24.8x202420252026
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 13.4x which is higher than its 3-year average PE of -24.8x.
  • The industry is trading close to its 3-year average PS ratio of 0.34x.
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 remained mostly flat. This means that the industry has become more efficient since profits are increasing while sales have been flat.

Industry Trends

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

JP Market3.35%
Utilities5.95%
Gas Utilities6.88%
Electric Utilities5.56%
Renewable Energy2.81%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 5.3x.
    • Analysts are expecting annual earnings growth of 2.5%, which is lower than the prior year's growth of 8.0% per year.
  • Investors are most pessimistic about the Renewable Energy industry, which is trading close to its 3-year average of 7.9x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 2.5% over the next 5 years.
  • However this is lower than its past earnings growth rate of 8.0% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 8.4% 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
9532 Osaka GasJP¥6.41k10.7%
+JP¥234.0b		107.4%PE13.4x
9502 Chubu Electric Power CompanyJP¥2.42k7.8%
+JP¥131.8b		56.2%PE7.7x
9503 Kansai Electric Power CompanyJP¥2.58k4.7%
+JP¥129.8b		48.9%PE7.2x
9531 Tokyo GasLtdJP¥7.24k5.7%
+JP¥109.3b		67.2%PE11.8x
9501 Tokyo Electric Power Company HoldingsJP¥634.009.1%
+JP¥85.1b		58.5%PS0.2x

Latest News

9502
JP¥2,423.50
Chubu Electric Power Company
7D
7.8%
1Y
56.2%
8174
JP¥2,885.50
Nippon Gas
7D
-1.6%
1Y
32.2%
9536
JP¥2,384.00
Saibu Gas HoldingsLtd
7D
-0.1%
1Y
43.1%

Saibu Gas HoldingsLtd's (TSE:9536) Dividend Will Be ¥35.00

Feb 05
Saibu Gas HoldingsLtd's (TSE:9536) Dividend Will Be ¥35.00
9532
JP¥6,412.00
Osaka Gas
7D
10.7%
1Y
107.4%

Osaka Gas (TSE:9532) Is Due To Pay A Dividend Of ¥60.00

Feb 04
Osaka Gas (TSE:9532) Is Due To Pay A Dividend Of ¥60.00
9504
JP¥979.10
Chugoku Electric Power
7D
-0.9%
1Y
14.5%
9503
JP¥2,584.50
Kansai Electric Power Company
7D
4.7%
1Y
48.9%
9506
JP¥1,170.00
Tohoku Electric Power Company
7D
4.8%
1Y
6.9%
9508
JP¥1,792.50
Kyushu Electric Power Company
7D
4.1%
1Y
38.4%
9531
JP¥7,236.00
Tokyo GasLtd
7D
5.7%
1Y
67.2%
9513
JP¥3,404.00
Electric Power Development
7D
3.7%
1Y
37.8%
9501
JP¥634.00
Tokyo Electric Power Company Holdings
7D
9.1%
1Y
58.5%
9519
JP¥683.00
RENOVA
7D
-0.9%
1Y
10.5%

Insufficient Growth At RENOVA, Inc. (TSE:9519) Hampers Share Price

Jan 15
Insufficient Growth At RENOVA, Inc. (TSE:9519) Hampers Share Price
7692
JP¥100.00
Earth InfinityLtd
7D
-2.0%
1Y
22.0%
1436
JP¥2,505.00
GreenEnergy
7D
-3.6%
1Y
-2.8%

We Think GreenEnergy's (TSE:1436) Healthy Earnings Might Be Conservative

Dec 22
We Think GreenEnergy's (TSE:1436) Healthy Earnings Might Be Conservative
3361
JP¥861.00
ToellLtd
7D
-0.5%
1Y
12.3%
1711
JP¥263.00
SDS HOLDINGSLtd
7D
-5.1%
1Y
-15.2%

Take Care Before Diving Into The Deep End On SDS HOLDINGS Co.,Ltd. (TSE:1711)

Nov 19
Take Care Before Diving Into The Deep End On SDS HOLDINGS Co.,Ltd. (TSE:1711)