Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Japanese (NIKKEI) Utilities Sector Analysis

UpdatedMay 17, 2026
DataAggregated Company Financials
Companies31
  • 7D0.3%
  • 3M-8.4%
  • 1Y42.1%
  • YTD2.2%

Over the last 7 days, the Utilities industry has remained flat, although notably Electric Power Development gained 13%. The past year has been better, since the industry has gained 42% in that time. As for the next few years, earnings are expected to grow by 1.1% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 17 May 2026JP¥14.8tJP¥30.9tJP¥1.2t9.9x12.8x0.5x
Tue, 14 Apr 2026JP¥15.7tJP¥31.4tJP¥1.1t11.1x14x0.5x
Thu, 12 Mar 2026JP¥15.6tJP¥31.4tJP¥1.1t9.4x14x0.5x
Sat, 07 Feb 2026JP¥15.3tJP¥31.4tJP¥1.1t10x13.7x0.5x
Mon, 05 Jan 2026JP¥14.4tJP¥31.9tJP¥1.1t10.1x12.7x0.4x
Wed, 03 Dec 2025JP¥14.4tJP¥31.9tJP¥1.1t10x12.6x0.5x
Fri, 31 Oct 2025JP¥13.1tJP¥32.3tJP¥988.8b9.9x13.3x0.4x
Sun, 28 Sep 2025JP¥13.0tJP¥32.3tJP¥924.5b10.6x14.1x0.4x
Tue, 26 Aug 2025JP¥13.1tJP¥32.3tJP¥923.8b11.1x14.2x0.4x
Thu, 24 Jul 2025JP¥11.5tJP¥32.4tJP¥1.8t10.7x6.5x0.4x
Sat, 21 Jun 2025JP¥10.8tJP¥32.4tJP¥1.8t10.3x6.1x0.3x
Mon, 19 May 2025JP¥10.7tJP¥32.4tJP¥1.8t10.2x6x0.3x
Wed, 16 Apr 2025JP¥10.3tJP¥31.9tJP¥1.7t9.6x6.1x0.3x
Fri, 14 Mar 2025JP¥11.0tJP¥31.9tJP¥1.7t9.6x6.5x0.3x
Sun, 09 Feb 2025JP¥10.4tJP¥31.9tJP¥1.7t10.5x6.1x0.3x
Tue, 07 Jan 2025JP¥10.7tJP¥31.8tJP¥1.5t11.6x7.2x0.3x
Thu, 05 Dec 2024JP¥10.8tJP¥31.8tJP¥1.5t11.4x7.3x0.3x
Sat, 02 Nov 2024JP¥11.5tJP¥31.8tJP¥1.6t10.1x7.3x0.4x
Mon, 30 Sep 2024JP¥11.8tJP¥31.7tJP¥1.9t11x6.3x0.4x
Wed, 28 Aug 2024JP¥11.8tJP¥31.7tJP¥1.9t10.5x6.3x0.4x
Fri, 26 Jul 2024JP¥11.7tJP¥32.2tJP¥2.3t9.6x5.2x0.4x
Sun, 23 Jun 2024JP¥12.5tJP¥32.2tJP¥2.3t10.4x5.5x0.4x
Tue, 21 May 2024JP¥12.8tJP¥32.2tJP¥2.3t10.9x5.6x0.4x
Thu, 18 Apr 2024JP¥12.8tJP¥34.0tJP¥3.1t8.1x4.1x0.4x
Sat, 16 Mar 2024JP¥11.7tJP¥34.0tJP¥3.1t7.7x3.7x0.3x
Mon, 12 Feb 2024JP¥10.4tJP¥34.0tJP¥3.1t7x3.3x0.3x
Wed, 10 Jan 2024JP¥10.8tJP¥35.7tJP¥2.3t9.3x4.8x0.3x
Fri, 08 Dec 2023JP¥10.7tJP¥35.7tJP¥2.3t8.9x4.7x0.3x
Sun, 05 Nov 2023JP¥10.6tJP¥35.7tJP¥2.3t8.9x4.7x0.3x
Tue, 03 Oct 2023JP¥10.2tJP¥36.2tJP¥1.0t11.3x9.8x0.3x
Thu, 31 Aug 2023JP¥10.3tJP¥36.2tJP¥1.0t11.1x9.8x0.3x
Sat, 29 Jul 2023JP¥9.5tJP¥35.4tJP¥36.9b11.6x258.7x0.3x
Mon, 26 Jun 2023JP¥9.6tJP¥35.3t-JP¥20,378,000,000.0011.6x-468.7x0.3x
Wed, 24 May 2023JP¥8.8tJP¥35.3t-JP¥21,037,000,000.0013.3x-420.2x0.3x
Price to Earnings Ratio

-420.2x


Total Market Cap: JP¥8.8tTotal Earnings: -JP¥21,037,000,000.00Total Revenue: JP¥35.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Utilities Sector Price to Earnings3Y Average -22.4x202420252026
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 12.8x which is higher than its 3-year average PE of -22.4x.
  • The industry is trading close to its 3-year average PS ratio of 0.36x.
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 declined 4.4% per year.
  • This means that less sales are being generated overall, but since the cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Japanese Utilities sector?

JP Market0.56%
Utilities0.31%
Renewable Energy11.04%
Gas Utilities1.00%
Electric Utilities-1.38%
Industry PE
  • Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 8.2x.
    • Analysts are expecting annual earnings growth of 2.3%, which is lower than the prior year's growth of 74.5% per year.
  • Investors are most pessimistic about the Gas Utilities industry, which is trading close to its 3-year average of 11.2x.
Forecasted Growth
  • Analysts are most optimistic on the Electric Utilities industry, expecting annual earnings growth of 4.9% over the next 5 years.
  • This is better than its past earnings decline of 13% per year.
  • In contrast, the Gas Utilities industry is expected to see its earnings decline by 4.8% 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
9513 Electric Power DevelopmentJP¥4.27k12.6%
+JP¥83.8b		73.1%PE12.8x
9531 Tokyo GasLtdJP¥6.72k1.8%
+JP¥40.6b		45.1%PE9.9x
9533 Toho GasJP¥1.29k6.9%
+JP¥30.0b		22.3%PE14.9x
9519 RENOVAJP¥1.35k16.0%
+JP¥16.8b		91.5%PE36.8x
9508 Kyushu Electric Power CompanyJP¥1.79k1.9%
+JP¥15.8b		39.6%PE5.7x

Latest News

9533
JP¥1,285.50
Toho Gas
7D
6.9%
1Y
22.3%
9502
JP¥2,715.50
Chubu Electric Power Company
7D
0.6%
1Y
54.7%
1663
JP¥4,605.00
K&O Energy Group
7D
3.8%
1Y
55.9%
8174
JP¥2,729.00
Nippon Gas
7D
-1.7%
1Y
7.1%
9519
JP¥1,346.00
RENOVA
7D
16.0%
1Y
91.5%
9513
JP¥4,266.00
Electric Power Development
7D
12.6%
1Y
73.1%
9517
JP¥967.00
eREXLtd
7D
-6.0%
1Y
21.3%
9506
JP¥1,051.50
Tohoku Electric Power Company
7D
-0.4%
1Y
4.5%
9503
JP¥2,333.50
Kansai Electric Power Company
7D
-3.1%
1Y
38.4%
New Narrative • May 11

Long Term Asset Recycling And ¥15t Investment Plan Will Reshape Earnings Mix

Catalysts About Kansai Electric Power Company Kansai Electric Power Company supplies electricity and related energy services, and is expanding into transmission and distribution, ICT, real estate and other adjacent businesses. What are the underlying business or industry changes driving this perspective?
9532
JP¥5,732.00
Osaka Gas
7D
-0.6%
1Y
58.2%
9501
JP¥592.70
Tokyo Electric Power Company Holdings
7D
-6.3%
1Y
46.2%
9508
JP¥1,785.00
Kyushu Electric Power Company
7D
1.9%
1Y
39.6%
Analysis Article • May 07

Kyushu Electric Power Company's (TSE:9508) Profits Appear To Have Quality Issues

Kyushu Electric Power Company, Incorporated's ( TSE:9508 ) healthy profit numbers didn't contain any surprises for...
9509
JP¥980.90
Hokkaido Electric Power Company
7D
-1.7%
1Y
33.6%
Analysis Article • May 06

Hokkaido Electric Power Company's (TSE:9509) Shareholders Have More To Worry About Than Only Soft Earnings

A lackluster earnings announcement from Hokkaido Electric Power Company, Incorporated ( TSE:9509 ) last week didn't...
9531
JP¥6,722.00
Tokyo GasLtd
7D
1.8%
1Y
45.1%
Analysis Article • May 05

Tokyo GasLtd's (TSE:9531) Solid Profits Have Weak Fundamentals

Despite posting some strong earnings, the market for Tokyo Gas Co.,Ltd.'s ( TSE:9531 ) stock hasn't moved much. We did...
9534
JP¥784.00
Hokkaido Gas
7D
-2.1%
1Y
47.9%
9507
JP¥1,541.50
Shikoku Electric Power Company
7D
1.5%
1Y
32.1%