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Japanese (NIKKEI) Utilities Sector Analysis
UpdatedApr 27, 2026
DataAggregated Company Financials
Companies31
- 7D-5.0%
- 3M1.6%
- 1Y39.8%
- YTD2.1%
Over the last 7 days, the Utilities industry has dropped 5.0%, driven by Chubu Electric Power Company declining 7.7%. Meanwhile, eREXLtd actually outperformed within the industry, gaining 5.6% in the last week. Over the past 12 months, the industry was up 40%. Looking forward, earnings are expected to remain mostly flat in the next few years.
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 |
|---|---|---|---|---|---|---|
| Mon, 27 Apr 2026 | JP¥14.8t | JP¥31.4t | JP¥1.1t | 10.4x | 13.2x | 0.5x |
| Wed, 25 Mar 2026 | JP¥15.4t | JP¥31.4t | JP¥1.1t | 9.3x | 13.7x | 0.5x |
| Fri, 20 Feb 2026 | JP¥16.4t | JP¥31.4t | JP¥1.1t | 10.4x | 14.7x | 0.5x |
| Sun, 18 Jan 2026 | JP¥14.6t | JP¥31.9t | JP¥1.1t | 10.3x | 12.9x | 0.5x |
| Tue, 16 Dec 2025 | JP¥14.4t | JP¥31.9t | JP¥1.1t | 9.6x | 12.7x | 0.5x |
| Thu, 13 Nov 2025 | JP¥14.2t | JP¥31.9t | JP¥1.1t | 9.9x | 12.5x | 0.4x |
| Sat, 11 Oct 2025 | JP¥12.9t | JP¥32.3t | JP¥924.5b | 10.7x | 13.9x | 0.4x |
| Mon, 08 Sep 2025 | JP¥13.1t | JP¥32.3t | JP¥923.8b | 11x | 14.2x | 0.4x |
| Wed, 06 Aug 2025 | JP¥12.0t | JP¥32.3t | JP¥926.4b | 9.9x | 13x | 0.4x |
| Fri, 04 Jul 2025 | JP¥11.2t | JP¥32.4t | JP¥1.8t | 9.9x | 6.3x | 0.3x |
| Sun, 01 Jun 2025 | JP¥10.7t | JP¥32.4t | JP¥1.8t | 10.3x | 6x | 0.3x |
| Tue, 29 Apr 2025 | JP¥10.9t | JP¥31.9t | JP¥1.7t | 9.8x | 6.4x | 0.3x |
| Thu, 27 Mar 2025 | JP¥11.3t | JP¥31.9t | JP¥1.7t | 9.8x | 6.7x | 0.4x |
| Sat, 22 Feb 2025 | JP¥10.6t | JP¥31.9t | JP¥1.7t | 9.2x | 6.2x | 0.3x |
| Mon, 20 Jan 2025 | JP¥10.4t | JP¥31.8t | JP¥1.5t | 10.7x | 7x | 0.3x |
| Wed, 18 Dec 2024 | JP¥10.3t | JP¥31.8t | JP¥1.5t | 10.9x | 7x | 0.3x |
| Fri, 15 Nov 2024 | JP¥10.7t | JP¥31.8t | JP¥1.5t | 11.5x | 7.2x | 0.3x |
| Sun, 13 Oct 2024 | JP¥11.5t | JP¥31.7t | JP¥1.9t | 10.4x | 6.2x | 0.4x |
| Tue, 10 Sep 2024 | JP¥11.7t | JP¥31.7t | JP¥1.9t | 10.2x | 6.3x | 0.4x |
| Thu, 08 Aug 2024 | JP¥11.4t | JP¥31.7t | JP¥1.9t | 10.8x | 6.2x | 0.4x |
| Sat, 06 Jul 2024 | JP¥12.2t | JP¥32.2t | JP¥2.3t | 9.8x | 5.4x | 0.4x |
| Mon, 03 Jun 2024 | JP¥13.4t | JP¥32.2t | JP¥2.3t | 10.5x | 5.9x | 0.4x |
| Wed, 01 May 2024 | JP¥12.5t | JP¥33.7t | JP¥3.1t | 8.6x | 4.1x | 0.4x |
| Fri, 29 Mar 2024 | JP¥11.7t | JP¥34.0t | JP¥3.1t | 7.7x | 3.7x | 0.3x |
| Sun, 25 Feb 2024 | JP¥10.7t | JP¥34.0t | JP¥3.1t | 7.4x | 3.4x | 0.3x |
| Tue, 23 Jan 2024 | JP¥10.9t | JP¥35.7t | JP¥2.3t | 9.5x | 4.8x | 0.3x |
| Thu, 21 Dec 2023 | JP¥10.2t | JP¥35.7t | JP¥2.3t | 9x | 4.5x | 0.3x |
| Sat, 18 Nov 2023 | JP¥10.4t | JP¥35.7t | JP¥2.3t | 8.9x | 4.6x | 0.3x |
| Mon, 16 Oct 2023 | JP¥10.2t | JP¥36.2t | JP¥1.0t | 11.1x | 9.8x | 0.3x |
| Wed, 13 Sep 2023 | JP¥10.6t | JP¥36.2t | JP¥1.0t | 11.4x | 10.2x | 0.3x |
| Fri, 11 Aug 2023 | JP¥9.8t | JP¥36.2t | JP¥1.1t | 9.3x | 9.3x | 0.3x |
| Sun, 09 Jul 2023 | JP¥9.3t | JP¥35.3t | -JP¥20,011,000,000.00 | 11.5x | -465.1x | 0.3x |
| Tue, 06 Jun 2023 | JP¥9.0t | JP¥35.3t | -JP¥21,037,000,000.00 | 13.2x | -430x | 0.3x |
| Thu, 04 May 2023 | JP¥8.6t | JP¥35.0t | JP¥18.4b | 13.8x | 466.1x | 0.2x |
Price to Earnings Ratio
466.1x
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 13.2x which is higher than its 3-year average PE of -23.2x.
- The industry is trading close to its 3-year average PS ratio of 0.36x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 293% per year over the last three years.
- Meanwhile revenues for these companies have declined 3.5% 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 | -0.95% | |
| Utilities | -4.96% | |
| Renewable Energy | -2.13% | |
| Gas Utilities | -4.96% | |
| Electric Utilities | -5.27% | |
Industry PE
- Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 6.7x.
- Analysts are expecting annual earnings growth of 2.6%, which is lower than the prior year's growth of 9.8% per year.
- Investors are most pessimistic about the Renewable Energy industry, which is trading close to its 3-year average of 8.1x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 2.6% over the next 5 years.
- However this is lower than its past earnings growth rate of 9.8% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings decline by 7.2% 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 | |
|---|---|---|---|---|---|
| 9513 Electric Power Development | JP¥3.81k | 1.0% +JP¥6.5b | 51.6% | PE6.9x | |
| 9517 eREXLtd | JP¥996.00 | 5.7% +JP¥4.2b | 17.6% | PE54x | |
| 9519 RENOVA | JP¥1.07k | 3.6% +JP¥3.3b | 59.7% | PE13.4x | |
| 9539 Keiyo Gas | JP¥1.37k | 4.5% +JP¥1.9b | 19.6% | PE13.8x | |
| 9537 Hokuriku GasLtd | JP¥5.55k | 5.1% +JP¥1.3b | 51.4% | PE8.6x |