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Japanese (NIKKEI) Utilities Sector Analysis

UpdatedAug 21, 2025
DataAggregated Company Financials
Companies32
  • 7D2.6%
  • 3M25.2%
  • 1Y9.1%
  • YTD21.4%

In the last week, the Utilities industry is up 2.6%, with Kansai Electric Power Company leading the way with a 2.7% gain. During this same period, the DIGITAL GRID underperformed, falling 6.4%. This means that the industry has gained 9.1% over the past year. In the next few years earnings are forecast to be pretty stable.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 21 Aug 2025JP¥13.1tJP¥32.3tJP¥923.8b11x14.2x0.4x
Sat, 19 Jul 2025JP¥11.2tJP¥32.4tJP¥1.8t10.3x6.3x0.3x
Mon, 16 Jun 2025JP¥10.5tJP¥32.4tJP¥1.8t10.3x5.9x0.3x
Wed, 14 May 2025JP¥10.8tJP¥32.4tJP¥1.8t10.8x6.1x0.3x
Fri, 11 Apr 2025JP¥10.5tJP¥31.9tJP¥1.7t9.8x6.2x0.3x
Sun, 09 Mar 2025JP¥10.8tJP¥31.9tJP¥1.7t9.6x6.4x0.3x
Tue, 04 Feb 2025JP¥10.3tJP¥31.9tJP¥1.7t9.4x6x0.3x
Thu, 02 Jan 2025JP¥10.7tJP¥31.8tJP¥1.5t11.6x7.3x0.3x
Sat, 30 Nov 2024JP¥10.8tJP¥31.8tJP¥1.5t11.4x7.3x0.3x
Mon, 28 Oct 2024JP¥11.0tJP¥31.7tJP¥1.9t10x5.9x0.3x
Wed, 25 Sep 2024JP¥11.5tJP¥31.7tJP¥1.9t10.8x6.2x0.4x
Fri, 23 Aug 2024JP¥11.8tJP¥31.7tJP¥1.9t9.8x6.3x0.4x
Sun, 21 Jul 2024JP¥12.3tJP¥32.2tJP¥2.3t10x5.4x0.4x
Tue, 18 Jun 2024JP¥12.7tJP¥32.2tJP¥2.3t10.3x5.6x0.4x
Thu, 16 May 2024JP¥12.2tJP¥32.2tJP¥2.3t11.1x5.4x0.4x
Sat, 13 Apr 2024JP¥12.7tJP¥34.0tJP¥3.1t8.5x4x0.4x
Mon, 11 Mar 2024JP¥11.2tJP¥34.0tJP¥3.1t7.9x3.6x0.3x
Wed, 07 Feb 2024JP¥10.7tJP¥34.0tJP¥3.2t7.1x3.4x0.3x
Fri, 05 Jan 2024JP¥10.6tJP¥35.7tJP¥2.3t9.2x4.7x0.3x
Sun, 03 Dec 2023JP¥10.3tJP¥35.7tJP¥2.3t8.9x4.6x0.3x
Tue, 31 Oct 2023JP¥10.2tJP¥36.0tJP¥1.3t9.5x7.8x0.3x
Thu, 28 Sep 2023JP¥10.7tJP¥36.2tJP¥1.0t11.5x10.2x0.3x
Sat, 26 Aug 2023JP¥10.0tJP¥36.2tJP¥1.0t11x9.6x0.3x
Mon, 24 Jul 2023JP¥9.3tJP¥35.3t-JP¥16,911,000,000.0011.7x-549x0.3x
Wed, 21 Jun 2023JP¥9.3tJP¥35.3t-JP¥20,378,000,000.0011.9x-456.5x0.3x
Fri, 19 May 2023JP¥8.8tJP¥35.3t-JP¥22,586,000,000.0014.1x-387.5x0.2x
Sun, 16 Apr 2023JP¥8.2tJP¥33.1t-JP¥1,077,070,000,000.0014.1x-7.6x0.2x
Tue, 14 Mar 2023JP¥8.1tJP¥33.1t-JP¥1,077,460,000,000.0013.4x-7.5x0.2x
Thu, 09 Feb 2023JP¥8.0tJP¥33.1t-JP¥1,078,163,000,000.0011.8x-7.4x0.2x
Sat, 07 Jan 2023JP¥7.8tJP¥29.9t-JP¥617,227,000,000.0012.6x-12.6x0.3x
Mon, 05 Dec 2022JP¥7.8tJP¥29.9t-JP¥617,411,000,000.0014.1x-12.7x0.3x
Wed, 02 Nov 2022JP¥7.9tJP¥28.3t-JP¥286,777,000,000.0014.7x-27.6x0.3x
Fri, 30 Sep 2022JP¥8.2tJP¥26.7tJP¥27.3b14.2x300.1x0.3x
Sun, 28 Aug 2022JP¥8.7tJP¥26.7tJP¥27.9b16.1x310.8x0.3x
Price to Earnings Ratio

310.8x


Total Market Cap: JP¥8.7tTotal Earnings: JP¥27.9bTotal Revenue: JP¥26.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Utilities Sector Price to Earnings3Y Average -11x202320242025
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 14.2x which is higher than its 3-year average PE of -11.0x.
  • The industry is trading close to its 3-year average PS ratio of 0.31x.
Past Earnings Growth
  • The earnings for companies in the Utilities industry have grown 221% 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 Market0.34%
Utilities2.62%
Renewable Energy3.83%
Electric Utilities3.24%
Gas Utilities1.48%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 1.6x.
    • Analysts are expecting annual earnings growth of 5.1%, 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 8.4x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 5.1% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 8.2% 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
9503 Kansai Electric Power CompanyJP¥2.05k2.7%
+JP¥60.7b
-17.6%PE5.7x
9502 Chubu Electric Power CompanyJP¥2.07k3.4%
+JP¥51.0b
17.4%PE8.3x
9531 Tokyo GasLtdJP¥5.74k2.4%
+JP¥46.7b
61.8%PE12.8x
9508 Kyushu Electric Power CompanyJP¥1.53k5.8%
+JP¥39.9b
2.1%PE5.4x
9501 Tokyo Electric Power Company HoldingsJP¥735.702.7%
+JP¥31.1b
6.2%PS0.2x

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