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Japanese (NIKKEI) Utilities Sector Analysis

UpdatedSep 02, 2026
DataAggregated Company Financials
Companies32
  • 7D7.2%
  • 3M12.9%
  • 1Y23.3%
  • YTD11.9%

Over the last 7 days, the Utilities industry has risen 3.1%, driven by gains from Kansai Electric Power Company of 14%. In the last 12 months, the industry was up 20%. Looking forward, earnings are forecast to grow by 1.6% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 02 Sep 2026JP¥16.2tJP¥31.4tJP¥1.8t10.8x8.8x0.5x
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
Price to Earnings Ratio

10x


Total Market Cap: JP¥10.4tTotal Earnings: JP¥1.0tTotal Revenue: JP¥36.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Utilities Sector Price to Earnings3Y Average 8.5x202420252026
Current Industry PE
  • Investors are relatively neutral on the Japanese Utilities industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 8.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.38x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 21% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.6% 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 Market1.96%
Utilities7.20%
Electric Utilities9.24%
Renewable Energy4.81%
Gas Utilities4.32%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 9.1x.
    • Analysts are expecting annual earnings growth of 9.2%, which is lower than the prior year's growth of 69.7% per year.
  • Investors are most pessimistic about the Electric Utilities industry, which is trading below its 3-year average of 8.7x.
Forecasted Growth
  • Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 9.2% over the next 5 years.
  • However this is lower than its past earnings growth rate of 70% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings growth to stay flat 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¥2.90k11.3%
+JP¥328.1b		39.2%PE7.7x
9532 Osaka GasJP¥5.84k4.3%
+JP¥91.6b		37.2%PE15.9x
9508 Kyushu Electric Power CompanyJP¥2.12k7.1%
+JP¥66.9b		36.1%PE6.2x
9531 Tokyo GasLtdJP¥6.25k2.4%
+JP¥49.2b		9.0%PE12.8x
9501 Tokyo Electric Power Company HoldingsJP¥564.104.8%
+JP¥41.3b		-21.3%PE2.3x

Latest News

9532
JP¥5,841.00
Osaka Gas
7D
4.3%
1Y
37.2%
9535
JP¥425.00
HIROSHIMA GASLtd
7D
-1.4%
1Y
10.7%
9514
JP¥344.00
EF-ON
7D
-0.9%
1Y
-19.2%
9539
JP¥1,361.00
Keiyo Gas
7D
-0.8%
1Y
19.6%
9503
JP¥2,903.00
Kansai Electric Power Company
7D
11.3%
1Y
39.2%
9506
JP¥1,356.50
Tohoku Electric Power Company
7D
2.2%
1Y
19.8%
9501
JP¥564.10
Tokyo Electric Power Company Holdings
7D
4.8%
1Y
-21.3%
9507
JP¥2,036.00
Shikoku Electric Power Company
7D
4.1%
1Y
48.2%
9519
JP¥886.00
RENOVA
7D
-9.2%
1Y
5.0%
Narrative Update • Aug 21

To resume power after some planned stoppage

Q1 FY3/27 results update Profit decline due to planned maintenance, FY target unchanged – Although the 68.4% YoY decline in Q1 FY3/27 OP may appear soft on the surface, this dip was anticipated and primarily driven by the planned concentration of regular biomass facility maintenance. Looking past this temporary noise, execution against core growth pillars remains robust.
9517
JP¥845.00
eREXLtd
7D
-4.4%
1Y
18.2%
9508
JP¥2,123.00
Kyushu Electric Power Company
7D
7.1%
1Y
36.1%
9511
JP¥1,170.00
Okinawa Electric Power Company
7D
-0.2%
1Y
16.9%
9513
JP¥4,157.00
Electric Power Development
7D
3.3%
1Y
48.2%
9531
JP¥6,248.00
Tokyo GasLtd
7D
2.4%
1Y
9.0%
9502
JP¥2,840.00
Chubu Electric Power Company
7D
-3.2%
1Y
37.7%
350A
JP¥770.00
DIGITAL GRID
7D
-1.8%
1Y
-57.7%