18 companies · FY2026 results (earnings releases, consolidated)
Hokuriku Electric ranks first for operating margin in the Electric Power & Gas industry at 11.1%. The top three are Hokuriku Electric (11.1%), Kansai Electric (10.8%) and NICIGAS (10.2%).
Across the 18 companies the average is 8.0% and the median 8.6%. Okinawa Electric comes last at 4.2%, a gap of 6.9 percentage points to the leader.
10 of 18 companies are above the average.
Electric Power & Gas Industry TOP3
Shares 1Y is a closing-price reference (vs. about a year earlier).
| Rank | Company | Operating margin | Average salary | Revenue | Operating profit |
|---|---|---|---|---|---|
| 1 | Hokuriku Electric9505 | 11.1% | ¥8.26M | ¥786.6B | ¥87.5B |
| 2 | Kansai Electric9503 | 10.8% | ¥9.73M | ¥4.1T | ¥437.6B |
| 3 | NICIGAS8174 | 10.2% | ¥6.72M | ¥208.5B | ¥21.3B |
| 4 | Kyuden9508 | 10.0% | ¥8.07M | ¥2.2T | ¥224.9B |
| 4 | Kyuden642A | 10.0% | - | ¥2.2T | ¥224.9B |
| 6 | RENOVA9519 | 9.5% | ¥10.9M | ¥87.6B | ¥8.3B |
| 7 | Shikoku Electric9507 | 8.9% | ¥8.18M | ¥761.9B | ¥67.8B |
| 8 | Osaka Gas9532 | 8.6% | ¥7.38M | ¥2.0T | ¥174.8B |
| 8 | Hokkaido Electric9509 | 8.6% | ¥7.95M | ¥856.0B | ¥73.2B |
| 10 | J-POWER9513 | 8.5% | ¥11.2M | ¥1.2T | ¥101.0B |
| 11 | Tokyo Gas9531 | 7.0% | ¥7.65M | ¥2.8T | ¥197.7B |
| 11 | Shizuoka Gas9543 | 7.0% | ¥7.74M | ¥201.2B | ¥14.1B |
| 13 | Tohoku Electric9506 | 6.8% | ¥8.33M | ¥2.4T | ¥160.4B |
| 14 | Chubu Electric9502 | 6.5% | ¥8.99M | ¥3.5T | ¥230.0B |
| 15 | EnerGia9504 | 6.3% | ¥8.95M | ¥1.4T | ¥90.2B |
| 16 | TEPCO9501 | 5.3% | ¥8.83M | ¥6.3T | ¥337.7B |
| 17 | Toho Gas9533 | 4.9% | ¥7.33M | ¥651.1B | ¥31.8B |
| 18 | Okinawa Electric9511 | 4.2% | ¥8.08M | ¥220.2B | ¥9.3B |
Revenue and operating profit are from the latest full-year consolidated results. Average salary is for the reporting entity per its annual securities report; pure holding companies with fewer than 50 staff are excluded.
