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Japanese (NIKKEI) Utilities Sector Analysis

UpdatedApr 30, 2026
DataAggregated Company Financials
Companies31
  • 7D2.3%
  • 3M6.4%
  • 1Y42.3%
  • YTD5.0%

In the last week, the Utilities industry is up 2.3%, with Kansai Electric Power Company leading the way with a 2.7% gain. In the last 12 months, the industry was up 42%. Earnings are forecast to be flat in the coming years.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 01 May 2026JP¥15.2tJP¥31.3tJP¥1.1t10.6x14.1x0.5x
Sun, 29 Mar 2026JP¥16.1tJP¥31.4tJP¥1.1t10x14.4x0.5x
Tue, 24 Feb 2026JP¥16.1tJP¥31.4tJP¥1.1t10.3x14.4x0.5x
Thu, 22 Jan 2026JP¥14.7tJP¥31.9tJP¥1.1t10.2x13x0.5x
Sat, 20 Dec 2025JP¥14.4tJP¥31.9tJP¥1.1t9.6x12.7x0.4x
Mon, 17 Nov 2025JP¥14.4tJP¥31.9tJP¥1.1t9.9x12.7x0.5x
Wed, 15 Oct 2025JP¥12.8tJP¥32.3tJP¥924.5b10.5x13.8x0.4x
Fri, 12 Sep 2025JP¥13.5tJP¥32.3tJP¥923.8b10.9x14.6x0.4x
Sun, 10 Aug 2025JP¥12.6tJP¥32.3tJP¥922.9b10.7x13.6x0.4x
Tue, 08 Jul 2025JP¥11.3tJP¥32.4tJP¥1.8t9.9x6.3x0.3x
Thu, 05 Jun 2025JP¥10.5tJP¥32.4tJP¥1.8t10.3x5.9x0.3x
Sat, 03 May 2025JP¥10.9tJP¥32.3tJP¥1.7t10.6x6.2x0.3x
Mon, 31 Mar 2025JP¥11.0tJP¥31.9tJP¥1.7t9.8x6.5x0.3x
Wed, 26 Feb 2025JP¥10.7tJP¥31.9tJP¥1.7t9.2x6.3x0.3x
Fri, 24 Jan 2025JP¥10.3tJP¥31.8tJP¥1.5t10.6x7x0.3x
Sun, 22 Dec 2024JP¥10.1tJP¥31.8tJP¥1.5t10.6x6.8x0.3x
Tue, 19 Nov 2024JP¥11.0tJP¥31.8tJP¥1.5t11.9x7.4x0.3x
Thu, 17 Oct 2024JP¥11.4tJP¥31.7tJP¥1.9t10.4x6.1x0.4x
Sat, 14 Sep 2024JP¥11.3tJP¥31.7tJP¥1.9t10x6.1x0.4x
Mon, 12 Aug 2024JP¥11.1tJP¥31.7tJP¥1.9t10.8x6x0.4x
Wed, 10 Jul 2024JP¥12.0tJP¥32.2tJP¥2.3t9.9x5.3x0.4x
Fri, 07 Jun 2024JP¥13.2tJP¥32.2tJP¥2.3t10.5x5.8x0.4x
Sun, 05 May 2024JP¥12.7tJP¥32.5tJP¥2.3t8.6x5.5x0.4x
Tue, 02 Apr 2024JP¥11.6tJP¥34.0tJP¥3.1t7.7x3.7x0.3x
Thu, 29 Feb 2024JP¥10.9tJP¥34.0tJP¥3.1t7.6x3.5x0.3x
Sat, 27 Jan 2024JP¥10.6tJP¥35.7tJP¥2.3t9.6x4.7x0.3x
Mon, 25 Dec 2023JP¥10.2tJP¥35.7tJP¥2.3t9x4.5x0.3x
Wed, 22 Nov 2023JP¥10.2tJP¥35.7tJP¥2.3t8.8x4.5x0.3x
Fri, 20 Oct 2023JP¥10.1tJP¥36.2tJP¥1.0t11.2x9.6x0.3x
Sun, 17 Sep 2023JP¥11.2tJP¥36.2tJP¥1.0t11.3x10.7x0.3x
Tue, 15 Aug 2023JP¥9.7tJP¥36.2tJP¥1.0t10.2x9.3x0.3x
Thu, 13 Jul 2023JP¥9.1tJP¥35.3t-JP¥20,011,000,000.0011x-454.3x0.3x
Sat, 10 Jun 2023JP¥9.4tJP¥35.3t-JP¥21,037,000,000.0013.4x-447.2x0.3x
Mon, 08 May 2023JP¥8.6tJP¥35.0tJP¥18.4b13.8x466.1x0.2x
Price to Earnings Ratio

466.1x


Total Market Cap: JP¥8.6tTotal Earnings: JP¥18.4bTotal Revenue: JP¥35.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Utilities Sector Price to Earnings3Y Average -24x202420252026
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 -23.6x.
  • 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 288% per year over the last three years.
  • Meanwhile revenues for these companies have declined 3.7% 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 Market0.55%
Utilities2.34%
Renewable Energy3.68%
Gas Utilities3.64%
Electric Utilities1.30%
Industry PE
  • Investors are most optimistic about the Electric Utilities industry which is trading above its 3-year average PE ratio of 6.8x.
    • Analysts are expecting annual earnings growth of 3.2%, which is higher than its past year's earnings decline of 2.0% 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 3.2% over the next 5 years.
  • This is better than its past earnings decline of 2.0% per year.
  • In contrast, the Renewable Energy industry is expected to see its earnings decline by 7.1% 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¥2.51k2.7%
+JP¥73.0b		51.4%PE7x
9502 Chubu Electric Power CompanyJP¥2.69k3.7%
+JP¥72.9b		45.4%PE8.9x
9531 Tokyo GasLtdJP¥6.67k3.1%
+JP¥64.3b		40.4%PE9.8x
9513 Electric Power DevelopmentJP¥3.86k1.8%
+JP¥12.3b		54.0%PE7x
9501 Tokyo Electric Power Company HoldingsJP¥592.201.3%
+JP¥11.9b		42.4%PS0.1x

Latest News

9507
JP¥1,556.50
Shikoku Electric Power Company
7D
-6.1%
1Y
32.9%
8174
JP¥2,679.50
Nippon Gas
7D
-7.5%
1Y
3.5%
9503
JP¥2,505.50
Kansai Electric Power Company
7D
2.7%
1Y
51.4%
9533
JP¥1,186.50
Toho Gas
7D
-4.6%
1Y
12.3%
9506
JP¥1,088.50
Tohoku Electric Power Company
7D
-2.6%
1Y
5.9%
9504
JP¥894.20
Chugoku Electric Power
7D
-5.7%
1Y
20.0%
9502
JP¥2,690.50
Chubu Electric Power Company
7D
3.7%
1Y
45.4%
9531
JP¥6,670.00
Tokyo GasLtd
7D
3.1%
1Y
40.4%
9536
JP¥2,236.00
Saibu Gas HoldingsLtd
7D
-8.4%
1Y
25.3%
9505
JP¥872.80
Hokuriku Electric Power
7D
-11.8%
1Y
18.8%
9519
JP¥1,111.00
RENOVA
7D
12.4%
1Y
71.2%
1663
JP¥4,775.00
K&O Energy Group
7D
2.5%
1Y
73.8%
9517
JP¥1,010.00
eREXLtd
7D
5.1%
1Y
23.3%
9513
JP¥3,855.00
Electric Power Development
7D
1.8%
1Y
54.0%
9532
JP¥5,682.00
Osaka Gas
7D
-3.0%
1Y
56.9%
9501
JP¥592.20
Tokyo Electric Power Company Holdings
7D
1.3%
1Y
42.4%