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Japanese (NIKKEI) Utilities Sector Analysis

UpdatedJul 10, 2026
DataAggregated Company Financials
Companies31
  • 7D2.0%
  • 3M-9.6%
  • 1Y33.0%
  • YTD-0.4%

In the last week, the Utilities industry is up 2.9%, with Chubu Electric Power Company up 4.6%. In the last 12 months, the industry was up 31%. Earnings are forecast to grow by 1.3% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 10 Jul 2026JP¥14.4tJP¥30.9tJP¥1.2t10.4x12.4x0.5x
Sun, 07 Jun 2026JP¥14.1tJP¥30.9tJP¥1.2t9.3x12.2x0.5x
Tue, 05 May 2026JP¥14.6tJP¥30.9tJP¥1.2t10.4x11.9x0.5x
Thu, 02 Apr 2026JP¥16.3tJP¥31.4tJP¥1.1t11x14.6x0.5x
Sat, 28 Feb 2026JP¥16.5tJP¥31.4tJP¥1.1t10.3x14.8x0.5x
Mon, 26 Jan 2026JP¥14.8tJP¥31.9tJP¥1.1t10.2x13.1x0.5x
Wed, 24 Dec 2025JP¥14.3tJP¥31.9tJP¥1.1t9.7x12.6x0.4x
Fri, 21 Nov 2025JP¥14.5tJP¥31.9tJP¥1.1t9.9x12.7x0.5x
Sun, 19 Oct 2025JP¥13.0tJP¥32.3tJP¥924.5b10.6x14.1x0.4x
Tue, 16 Sep 2025JP¥13.4tJP¥32.3tJP¥924.5b10.4x14.5x0.4x
Thu, 14 Aug 2025JP¥12.8tJP¥32.3tJP¥923.3b11x13.8x0.4x
Sat, 12 Jul 2025JP¥11.1tJP¥32.4tJP¥1.8t10.3x6.2x0.3x
Mon, 09 Jun 2025JP¥10.4tJP¥32.4tJP¥1.8t10.2x5.9x0.3x
Wed, 07 May 2025JP¥10.9tJP¥32.3tJP¥1.7t10.6x6.3x0.3x
Fri, 04 Apr 2025JP¥10.5tJP¥31.9tJP¥1.7t9.6x6.2x0.3x
Sun, 02 Mar 2025JP¥10.7tJP¥31.9tJP¥1.7t9.3x6.3x0.3x
Tue, 28 Jan 2025JP¥10.4tJP¥31.8tJP¥1.5t10.5x7.1x0.3x
Thu, 26 Dec 2024JP¥10.4tJP¥31.8tJP¥1.5t11x7.1x0.3x
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
Price to Earnings Ratio

-530.8x


Total Market Cap: JP¥9.0tTotal Earnings: -JP¥16,911,000,000.00Total Revenue: JP¥35.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Utilities Sector Price to Earnings3Y Average 0.2x202420252026
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 12.4x which is higher than its 3-year average PE of -0.27x.
  • The industry is trading close to its 3-year average PS ratio of 0.37x.
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 Market0.19%
Utilities2.04%
Electric Utilities2.82%
Gas Utilities1.40%
Renewable Energy-1.25%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 8.2x.
    • Analysts are expecting annual earnings growth of 4.1%, 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 11.4x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 4.1% 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
9501 Tokyo Electric Power Company HoldingsJP¥481.903.6%
+JP¥27.1b		-5.3%PS0.1x
9502 Chubu Electric Power CompanyJP¥3.21k1.0%
+JP¥23.4b		79.5%PE10.6x
9506 Tohoku Electric Power CompanyJP¥1.09k2.3%
+JP¥12.5b		5.9%PE6.4x
9532 Osaka GasJP¥5.39k0.4%
+JP¥3.7b		47.4%PE13.4x
9505 Hokuriku Electric PowerJP¥900.501.6%
+JP¥3.0b		25.7%PE3.5x

Latest News

9502
JP¥3,205.00
Chubu Electric Power Company
7D
1.0%
1Y
79.5%
9533
JP¥1,203.00
Toho Gas
7D
-2.8%
1Y
17.1%
Analysis Article • Jul 03

Concerns Surrounding Toho Gas' (TSE:9533) Performance

The recent earnings posted by Toho Gas Co., Ltd. ( TSE:9533 ) were solid, but the stock didn't move as much as we...
9501
JP¥481.90
Tokyo Electric Power Company Holdings
7D
3.6%
1Y
-5.3%
9531
JP¥5,952.00
Tokyo GasLtd
7D
-1.4%
1Y
25.6%
9504
JP¥922.30
Chugoku Electric Power
7D
0.6%
1Y
25.9%
9506
JP¥1,094.00
Tohoku Electric Power Company
7D
2.3%
1Y
5.9%
9519
JP¥923.00
RENOVA
7D
-7.7%
1Y
24.7%
9532
JP¥5,387.00
Osaka Gas
7D
0.4%
1Y
47.4%
9517
JP¥792.00
eREXLtd
7D
3.8%
1Y
7.6%
9503
JP¥2,271.00
Kansai Electric Power Company
7D
-0.2%
1Y
34.0%
Narrative Update • Jun 26

9503: Incident-Driven Uncertainty Will Create Future Entry Opportunity For Patient Buyers

Analysts have trimmed their price target for Kansai Electric Power Company from ¥2,828 to ¥2,678, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E as key drivers of the revised view. What's in the News for Kansai Electric Power Company On May 8, 2026, Kansai Electric Power Company manually shut down Mihama Nuclear Power Station Unit 3 after an alarm indicated a high metal temperature difference in the high pressure turbine casing and operators identified steam leaking from the high pressure turbine area.
9513
JP¥3,602.00
Electric Power Development
7D
-1.6%
1Y
44.8%
9505
JP¥900.50
Hokuriku Electric Power
7D
1.6%
1Y
25.7%
1663
JP¥1,847.00
K&O Energy Group
7D
-2.3%
1Y
32.5%
1436
JP¥1,415.00
GreenEnergy
7D
-9.3%
1Y
90.4%
8174
JP¥2,818.50
Nippon Gas
7D
-0.7%
1Y
6.0%
9536
JP¥2,334.00
Saibu Gas HoldingsLtd
7D
3.4%
1Y
30.1%