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Japanese (NIKKEI) Utilities Sector Analysis

UpdatedJul 31, 2026
DataAggregated Company Financials
Companies31
  • 7D0.2%
  • 3M-1.0%
  • 1Y27.5%
  • YTD0.3%

Last week, the Utilities industry hasn't moved much but Kansai Electric Power Company is up 3.7% in that time. As for the the longer term, the industry is up 28% over the past 12 months. In the next few years earnings are forecast to be pretty stable.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 31 Jul 2026JP¥14.5tJP¥31.2tJP¥1.9t10.3x7.5x0.5x
Sun, 28 Jun 2026JP¥14.0tJP¥30.9tJP¥1.2t9.9x12.1x0.5x
Tue, 26 May 2026JP¥14.4tJP¥30.9tJP¥1.2t9.5x12.5x0.5x
Thu, 23 Apr 2026JP¥14.8tJP¥31.4tJP¥1.1t10.5x13.3x0.5x
Sat, 21 Mar 2026JP¥15.6tJP¥31.4tJP¥1.1t9.5x14x0.5x
Mon, 16 Feb 2026JP¥16.2tJP¥31.4tJP¥1.1t10.3x14.5x0.5x
Wed, 14 Jan 2026JP¥14.7tJP¥31.9tJP¥1.1t10x12.9x0.5x
Fri, 12 Dec 2025JP¥14.0tJP¥31.9tJP¥1.1t9.7x12.4x0.4x
Sun, 09 Nov 2025JP¥13.8tJP¥31.9tJP¥1.1t9.8x12.2x0.4x
Tue, 07 Oct 2025JP¥12.9tJP¥32.3tJP¥924.5b10.8x13.9x0.4x
Thu, 04 Sep 2025JP¥13.1tJP¥32.3tJP¥923.8b10.9x14.1x0.4x
Sat, 02 Aug 2025JP¥11.9tJP¥32.3tJP¥922.0b10.6x13x0.4x
Mon, 30 Jun 2025JP¥10.7tJP¥32.4tJP¥1.8t10x6.1x0.3x
Wed, 28 May 2025JP¥10.6tJP¥32.4tJP¥1.8t10.2x6x0.3x
Fri, 25 Apr 2025JP¥10.7tJP¥31.9tJP¥1.7t9.9x6.3x0.3x
Sun, 23 Mar 2025JP¥11.5tJP¥31.9tJP¥1.7t9.8x6.7x0.4x
Tue, 18 Feb 2025JP¥10.5tJP¥31.9tJP¥1.7t9.4x6.2x0.3x
Thu, 16 Jan 2025JP¥10.3tJP¥31.8tJP¥1.5t10.8x7x0.3x
Sat, 14 Dec 2024JP¥10.5tJP¥31.8tJP¥1.5t11.1x7.1x0.3x
Mon, 11 Nov 2024JP¥11.6tJP¥31.8tJP¥1.5t12.1x7.8x0.4x
Wed, 09 Oct 2024JP¥11.7tJP¥31.7tJP¥1.9t10.8x6.3x0.4x
Fri, 06 Sep 2024JP¥11.7tJP¥31.7tJP¥1.9t10.4x6.3x0.4x
Sun, 04 Aug 2024JP¥11.2tJP¥31.7tJP¥1.9t10.9x6.1x0.4x
Tue, 02 Jul 2024JP¥12.4tJP¥32.2tJP¥2.3t9.9x5.5x0.4x
Thu, 30 May 2024JP¥13.2tJP¥32.2tJP¥2.3t10.4x5.8x0.4x
Sat, 27 Apr 2024JP¥12.3tJP¥33.7tJP¥3.1t8.5x4x0.4x
Mon, 25 Mar 2024JP¥11.9tJP¥34.0tJP¥3.1t7.9x3.8x0.3x
Wed, 21 Feb 2024JP¥10.6tJP¥34.0tJP¥3.1t7.5x3.4x0.3x
Fri, 19 Jan 2024JP¥10.8tJP¥35.7tJP¥2.3t9.4x4.8x0.3x
Sun, 17 Dec 2023JP¥10.6tJP¥35.7tJP¥2.3t8.9x4.7x0.3x
Tue, 14 Nov 2023JP¥10.2tJP¥35.7tJP¥2.3t8.7x4.5x0.3x
Thu, 12 Oct 2023JP¥10.3tJP¥36.2tJP¥1.0t11.1x9.8x0.3x
Sat, 09 Sep 2023JP¥10.4tJP¥36.2tJP¥1.0t11.4x10x0.3x
Mon, 07 Aug 2023JP¥9.6tJP¥36.1tJP¥1.1t9.5x9.1x0.3x
Price to Earnings Ratio

9.1x


Total Market Cap: JP¥9.6tTotal Earnings: JP¥1.1tTotal Revenue: JP¥36.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Utilities Sector Price to Earnings3Y Average 8.5x202420252026
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 7.5x which is lower than its 3-year average PE of 8.5x.
  • 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 22% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.8% 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 Market-2.90%
Utilities0.20%
Gas Utilities1.24%
Electric Utilities-0.26%
Renewable Energy-1.78%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 8.7x.
    • Analysts are expecting annual earnings growth of 2.3%, which is lower than the prior year's growth of 81.8% per year.
  • Investors are most pessimistic about the Electric Utilities industry, which is trading below its 3-year average of 8.9x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 2.3% over the next 5 years.
  • In contrast, the Gas Utilities industry is expected to see its earnings decline by 3.2% 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
9503 Kansai Electric Power CompanyJP¥2.44k3.1%
+JP¥82.4b		29.5%PE7.2x
9507 Shikoku Electric Power CompanyJP¥1.67k7.6%
+JP¥24.1b		31.3%PE6.7x
9506 Tohoku Electric Power CompanyJP¥1.18k3.4%
+JP¥19.3b		11.2%PE7.1x
9511 Okinawa Electric Power CompanyJP¥1.05k14.2%
+JP¥7.1b		8.7%PE9.2x
9505 Hokuriku Electric PowerJP¥961.502.8%
+JP¥5.5b		20.5%PE4.1x

Latest News

9507
JP¥1,666.00
Shikoku Electric Power Company
7D
7.6%
1Y
31.3%
9532
JP¥5,515.00
Osaka Gas
7D
-0.1%
1Y
39.8%
8174
JP¥2,851.00
Nippon Gas
7D
-0.4%
1Y
1.3%
9509
JP¥1,026.00
Hokkaido Electric Power Company
7D
1.8%
1Y
9.4%
9511
JP¥1,054.00
Okinawa Electric Power Company
7D
14.2%
1Y
8.7%
9531
JP¥6,219.00
Tokyo GasLtd
7D
-0.1%
1Y
16.9%
9501
JP¥520.00
Tokyo Electric Power Company Holdings
7D
0.6%
1Y
-12.6%
9506
JP¥1,180.50
Tohoku Electric Power Company
7D
3.4%
1Y
11.2%
9505
JP¥961.50
Hokuriku Electric Power
7D
2.8%
1Y
20.5%
9502
JP¥2,787.00
Chubu Electric Power Company
7D
-7.1%
1Y
48.2%
9533
JP¥1,161.50
Toho Gas
7D
-4.2%
1Y
7.3%
9504
JP¥940.60
Chugoku Electric Power
7D
1.6%
1Y
13.9%
9513
JP¥3,800.00
Electric Power Development
7D
-0.9%
1Y
41.8%
9519
JP¥930.00
RENOVA
7D
-7.5%
1Y
28.1%
New Narrative • Jul 23

Empowering the future with “new energy”

Initiating coverage Biomass is the cash cow for now; BESS is the future – Renova’s early growth as an IPP was driven by high-margin FIT solar assets. Following a strategic withdrawal from offshore wind post-auction losses, the company has successfully pivoted to its stable biomass operations.
9517
JP¥845.00
eREXLtd
7D
-3.0%
1Y
11.2%
9503
JP¥2,440.50
Kansai Electric Power Company
7D
3.1%
1Y
29.5%
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.