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Japanese (NIKKEI) Utilities Sector Analysis
UpdatedSep 17, 2025
DataAggregated Company Financials
Companies32
- 7D2.3%
- 3M25.1%
- 1Y16.8%
- YTD24.8%
Over the last 7 days, the Utilities industry has risen 2.3%, driven by gains from RENOVA of 4.4%. In the same time, Tokyo Electric Power Company Holdings was down 5.7%. This takes the industry's 12 month performance to a gain of 17%. As for the next few years, earnings are expected to grow by 1.9% per annum.
Sector Valuation and Performance
Has the Japanese Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 17 Sep 2025 | JP¥13.5t | JP¥32.3t | JP¥924.5b | 10.4x | 14.6x | 0.4x |
| Fri, 15 Aug 2025 | JP¥12.9t | JP¥32.3t | JP¥923.6b | 10.8x | 13.9x | 0.4x |
| Sun, 13 Jul 2025 | JP¥10.9t | JP¥32.4t | JP¥1.8t | 10.3x | 6.2x | 0.3x |
| Tue, 10 Jun 2025 | JP¥10.5t | JP¥32.4t | JP¥1.8t | 10.1x | 5.9x | 0.3x |
| Thu, 08 May 2025 | JP¥10.9t | JP¥32.3t | JP¥1.7t | 10.6x | 6.3x | 0.3x |
| Sat, 05 Apr 2025 | JP¥10.5t | JP¥31.9t | JP¥1.7t | 9.4x | 6.2x | 0.3x |
| Mon, 03 Mar 2025 | JP¥10.7t | JP¥31.9t | JP¥1.7t | 9.3x | 6.3x | 0.3x |
| Wed, 29 Jan 2025 | JP¥10.2t | JP¥31.8t | JP¥1.5t | 10.4x | 7x | 0.3x |
| Fri, 27 Dec 2024 | JP¥10.4t | JP¥31.8t | JP¥1.5t | 10.8x | 7.1x | 0.3x |
| Sun, 24 Nov 2024 | JP¥10.8t | JP¥31.8t | JP¥1.5t | 11.7x | 7.3x | 0.3x |
| Tue, 22 Oct 2024 | JP¥11.3t | JP¥31.7t | JP¥1.9t | 10.3x | 6.1x | 0.4x |
| Thu, 19 Sep 2024 | JP¥11.4t | JP¥31.7t | JP¥1.9t | 10.6x | 6.1x | 0.4x |
| Sat, 17 Aug 2024 | JP¥11.7t | JP¥31.7t | JP¥1.9t | 11.3x | 6.3x | 0.4x |
| Mon, 15 Jul 2024 | JP¥12.2t | JP¥32.2t | JP¥2.3t | 10.2x | 5.4x | 0.4x |
| Wed, 12 Jun 2024 | JP¥13.1t | JP¥32.2t | JP¥2.3t | 10.4x | 5.8x | 0.4x |
| Fri, 10 May 2024 | JP¥12.5t | JP¥32.4t | JP¥2.3t | 9.8x | 5.5x | 0.4x |
| Sun, 07 Apr 2024 | JP¥12.0t | JP¥34.0t | JP¥3.1t | 8x | 3.8x | 0.4x |
| Tue, 05 Mar 2024 | JP¥10.7t | JP¥34.0t | JP¥3.1t | 7.3x | 3.4x | 0.3x |
| Thu, 01 Feb 2024 | JP¥11.0t | JP¥35.6t | JP¥2.3t | 10x | 4.8x | 0.3x |
| Sat, 30 Dec 2023 | JP¥10.4t | JP¥35.7t | JP¥2.3t | 9.1x | 4.6x | 0.3x |
| Mon, 27 Nov 2023 | JP¥10.2t | JP¥35.7t | JP¥2.3t | 8.8x | 4.5x | 0.3x |
| Wed, 25 Oct 2023 | JP¥10.0t | JP¥36.2t | JP¥1.0t | 11x | 9.5x | 0.3x |
| Fri, 22 Sep 2023 | JP¥11.1t | JP¥36.2t | JP¥1.0t | 11.5x | 10.6x | 0.3x |
| Sun, 20 Aug 2023 | JP¥9.6t | JP¥36.2t | JP¥1.0t | 10.8x | 9.2x | 0.3x |
| Tue, 18 Jul 2023 | JP¥9.0t | JP¥35.3t | -JP¥16,911,000,000.00 | 11.2x | -530.8x | 0.3x |
| Thu, 15 Jun 2023 | JP¥9.4t | JP¥35.3t | -JP¥20,648,000,000.00 | 11.9x | -454.8x | 0.3x |
| Sat, 13 May 2023 | JP¥8.8t | JP¥35.3t | -JP¥25,972,000,000.00 | 15x | -337.2x | 0.2x |
| Mon, 10 Apr 2023 | JP¥8.0t | JP¥33.1t | -JP¥1,077,070,000,000.00 | 13.4x | -7.4x | 0.2x |
| Wed, 08 Mar 2023 | JP¥8.1t | JP¥33.1t | -JP¥1,075,885,000,000.00 | 13.8x | -7.5x | 0.2x |
| Fri, 03 Feb 2023 | JP¥8.1t | JP¥32.8t | -JP¥1,086,304,000,000.00 | 13x | -7.4x | 0.2x |
| Sun, 01 Jan 2023 | JP¥8.1t | JP¥29.9t | -JP¥617,227,000,000.00 | 13.4x | -13.1x | 0.3x |
| Tue, 29 Nov 2022 | JP¥8.2t | JP¥29.9t | -JP¥617,411,000,000.00 | 14.6x | -13.3x | 0.3x |
| Thu, 27 Oct 2022 | JP¥7.9t | JP¥26.7t | JP¥28.0b | 14x | 281.2x | 0.3x |
| Sat, 24 Sep 2022 | JP¥8.4t | JP¥26.7t | JP¥27.3b | 15x | 307.4x | 0.3x |
Price to Earnings Ratio
307.4x
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 14.6x which is higher than its 3-year average PE of -17.4x.
- The industry is trading close to its 3-year average PS ratio of 0.32x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 223% per year over the last three years.
- Revenues for these companies have grown 6.5% 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 | 1.55% | |
| Utilities | 2.28% | |
| Electric Utilities | 2.60% | |
| Gas Utilities | 2.49% | |
| Renewable Energy | -1.97% | |
Industry PE
- Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 2.4x.
- Analysts are expecting annual earnings growth of 6.8%, which is higher than its past year's earnings growth of 4.6% per year.
- Investors are most pessimistic about the Renewable Energy industry, which is trading below its 3-year average of 8.2x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 6.8% over the next 5 years.
- This is better than its past earnings growth rate of 4.6% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings decline by 6.4% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 9519 RENOVA | JP¥953.00 | 4.4% +JP¥3.6b | 1.0% | PE26.8x | |
| 9537 Hokuriku GasLtd | JP¥3.90k | 4.8% +JP¥838.2m | 8.6% | PE7.6x | |
| 3777 Environment Friendly Holdings | JP¥59.00 | 3.5% +JP¥603.5m | 96.7% | PS2.1x | |
| 1663 K&O Energy Group | JP¥3.17k | 0.3% +JP¥266.9m | -3.1% | PE10.6x |