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Japanese (NIKKEI) Utilities Sector Analysis
UpdatedMar 31, 2026
DataAggregated Company Financials
Companies31
- 7D6.0%
- 3M12.4%
- 1Y53.0%
- YTD10.4%
Over the last 7 days, the Utilities industry has risen 2.9%, driven by gains in Kansai Electric Power Company and Tokyo GasLtd of 6.8% and 7.4%, respectively. This means that the industry has gained 51% over the past year. Looking forward, earnings are forecast to decline by 1.9% per year.
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 |
|---|---|---|---|---|---|---|
| Tue, 31 Mar 2026 | JP¥16.0t | JP¥31.4t | JP¥1.1t | 10.9x | 14.3x | 0.5x |
| Thu, 26 Feb 2026 | JP¥16.1t | JP¥31.4t | JP¥1.1t | 10.1x | 14.4x | 0.5x |
| Sat, 24 Jan 2026 | JP¥14.8t | JP¥31.9t | JP¥1.1t | 10.2x | 13.1x | 0.5x |
| Mon, 22 Dec 2025 | JP¥14.4t | JP¥31.9t | JP¥1.1t | 9.6x | 12.6x | 0.4x |
| Wed, 19 Nov 2025 | JP¥14.3t | JP¥31.9t | JP¥1.1t | 9.8x | 12.6x | 0.4x |
| Fri, 17 Oct 2025 | JP¥13.3t | JP¥32.3t | JP¥924.5b | 10.7x | 14.3x | 0.4x |
| Sun, 14 Sep 2025 | JP¥13.4t | JP¥32.3t | JP¥924.5b | 10.4x | 14.5x | 0.4x |
| Tue, 12 Aug 2025 | JP¥12.6t | JP¥32.3t | JP¥923.3b | 10.7x | 13.6x | 0.4x |
| Thu, 10 Jul 2025 | JP¥11.2t | JP¥32.4t | JP¥1.8t | 10.1x | 6.3x | 0.3x |
| Sat, 07 Jun 2025 | JP¥10.4t | JP¥32.4t | JP¥1.8t | 10.2x | 5.9x | 0.3x |
| Mon, 05 May 2025 | JP¥10.9t | JP¥32.3t | JP¥1.7t | 10.6x | 6.3x | 0.3x |
| Wed, 02 Apr 2025 | JP¥10.9t | JP¥31.9t | JP¥1.7t | 9.7x | 6.4x | 0.3x |
| Fri, 28 Feb 2025 | JP¥10.7t | JP¥31.9t | JP¥1.7t | 9.3x | 6.3x | 0.3x |
| Sun, 26 Jan 2025 | JP¥10.3t | JP¥31.8t | JP¥1.5t | 10.6x | 7x | 0.3x |
| Tue, 24 Dec 2024 | JP¥10.3t | JP¥31.8t | JP¥1.5t | 10.8x | 7x | 0.3x |
| Thu, 21 Nov 2024 | JP¥10.9t | JP¥31.8t | JP¥1.5t | 11.9x | 7.4x | 0.3x |
| Sat, 19 Oct 2024 | JP¥11.6t | JP¥31.7t | JP¥1.9t | 10.4x | 6.2x | 0.4x |
| Mon, 16 Sep 2024 | JP¥11.3t | JP¥31.7t | JP¥1.9t | 10x | 6.1x | 0.4x |
| Wed, 14 Aug 2024 | JP¥11.3t | JP¥31.7t | JP¥1.9t | 11.1x | 6.1x | 0.4x |
| Fri, 12 Jul 2024 | JP¥12.2t | JP¥32.2t | JP¥2.3t | 10x | 5.4x | 0.4x |
| Sun, 09 Jun 2024 | JP¥13.0t | JP¥32.2t | JP¥2.3t | 10.6x | 5.8x | 0.4x |
| Tue, 07 May 2024 | JP¥12.7t | JP¥32.5t | JP¥2.3t | 8.6x | 5.5x | 0.4x |
| Thu, 04 Apr 2024 | JP¥11.8t | JP¥34.0t | JP¥3.1t | 7.8x | 3.7x | 0.3x |
| Sat, 02 Mar 2024 | JP¥10.8t | JP¥34.0t | JP¥3.1t | 7.5x | 3.4x | 0.3x |
| Mon, 29 Jan 2024 | JP¥10.6t | JP¥35.7t | JP¥2.3t | 9.6x | 4.7x | 0.3x |
| Wed, 27 Dec 2023 | JP¥10.1t | JP¥35.7t | JP¥2.3t | 9.1x | 4.5x | 0.3x |
| Fri, 24 Nov 2023 | JP¥10.2t | JP¥35.7t | JP¥2.3t | 8.8x | 4.5x | 0.3x |
| Sun, 22 Oct 2023 | JP¥10.0t | JP¥36.2t | JP¥1.0t | 11.1x | 9.6x | 0.3x |
| Tue, 19 Sep 2023 | JP¥11.2t | JP¥36.2t | JP¥1.0t | 11.3x | 10.7x | 0.3x |
| Thu, 17 Aug 2023 | JP¥9.8t | JP¥36.2t | JP¥1.0t | 10.8x | 9.4x | 0.3x |
| Sat, 15 Jul 2023 | JP¥9.0t | JP¥35.3t | -JP¥20,011,000,000.00 | 11.2x | -448.6x | 0.3x |
| Mon, 12 Jun 2023 | JP¥9.4t | JP¥35.3t | -JP¥20,776,000,000.00 | 13.4x | -452.8x | 0.3x |
| Wed, 10 May 2023 | JP¥8.8t | JP¥35.2t | -JP¥6,553,000,000.00 | 15.4x | -1339.5x | 0.2x |
| Fri, 07 Apr 2023 | JP¥8.1t | JP¥33.1t | -JP¥1,077,070,000,000.00 | 13.8x | -7.5x | 0.2x |
Price to Earnings Ratio
-7.5x
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 14.1x which is higher than its 3-year average PE of -23.8x.
- The industry is trading close to its 3-year average PS ratio of 0.35x.
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 Market | 1.38% | |
| Utilities | 5.95% | |
| Renewable Energy | 11.76% | |
| Gas Utilities | 5.82% | |
| Electric Utilities | 5.41% | |
Industry PE
- Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 6.2x.
- Analysts are expecting annual earnings growth of 2.0%, which is lower than the prior year's growth of 8.0% per year.
- Investors are most pessimistic about the Renewable Energy industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 8.0x.
Forecasted Growth
- Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 2.0% 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 8.1% 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 | |
|---|---|---|---|---|---|
| 9503 Kansai Electric Power Company | JP¥2.65k | 6.8% +JP¥187.7b | 49.3% | PE7.4x | |
| 9531 Tokyo GasLtd | JP¥7.60k | 7.4% +JP¥174.7b | 59.6% | PE12.3x | |
| 9532 Osaka Gas | JP¥6.47k | 5.4% +JP¥128.8b | 91.2% | PE13.6x | |
| 9502 Chubu Electric Power Company | JP¥2.64k | 4.7% +JP¥89.1b | 62.4% | PE8.4x | |
| 9513 Electric Power Development | JP¥4.33k | 11.5% +JP¥79.0b | 71.1% | PE7.9x |