Industries›19 companies · latest full-year results
Infrastructure industry involved in the supply of electricity and gas and the operation of energy infrastructure.
The 19 electric power & gas companies we cover had combined revenue of ¥32.1T (-4.9% year over year) and operating profit of ¥2.5T, an industry-wide operating margin of 7.8%.
TEPCO leads on revenue (¥6.3T, a 19.7% share), and the top three hold 43% of industry sales. 3 grew both revenue and operating profit; 8 saw both fall.
Hokuriku Electric has the highest operating margin (11.1%); average pay across the industry is ¥8.40M, highest at J-POWER (¥11.2M).
Industry total
Electric Power & Gas · 19 companies
YoY compares companies with prior-year figures
StockShares are +12.2% over a year, behind the all-industry average (+14.9%) — #27 of 53 industries.Details
GuidanceCompany plans for FY2027 (17 companies combined): revenue +14.6%, operating profit −17.6%. Planned profit growth is below the all-industry plan (+13.0%).Details
Revisions4 raised and 2 cut this year's forecast. The biggest revision: Hokkaido Electric (operating profit +27.1%).Details
Latest resultsYear to date through Q2, 12 companies combined: revenue +13.7%, operating profit −39.6% year over year. 8 are ahead of an even pace toward their full-year plan, 8 behind.Details
Disclosures28 TSE filings in the last 90 days (guidance revisions 5, buybacks 4, dividends 2).Details
Earnings dates3 companies report within 30 days, starting with TOKAI on Nov 5 and RENOVA on Nov 11.Details
| Company | Op. profit (last FY) | This year's plan | Plan change | Revision | Progress (Q2 cumulative) |
|---|---|---|---|---|---|
| ¥437.6B | ¥250.0B | −42.9% | Unchanged | 33% |
| ¥230.0B | - | - | Up +7.7% | - |
| ¥197.7B | ¥174.0B | −12.0% | Down −6.5% | 59% |
| ¥160.4B | ¥210.0B | +30.9% | - | 29% |
| ¥224.9B | ¥210.0B | −6.6% | Unchanged | 40% |
| ¥224.9B | ¥210.0B | −6.6% | Unchanged | 40% |
| ¥174.8B | ¥150.0B | −14.2% | Unchanged | 40% |
 | ¥90.2B | ¥43.0B | −52.3% | Down −17.3% | -11% |
 | ¥101.0B | ¥125.0B | +23.8% | Unchanged | 65% |
 | ¥73.2B | ¥61.0B | −16.7% | Up +27.1% | 56% |
 | ¥87.5B | ¥42.0B | −52.0% | Up +5.0% | 99% |
 | ¥67.8B | ¥44.5B | −34.4% | Up +20.3% | 108% |
 | ¥31.8B | ¥19.0B | −40.2% | Unchanged | -2% |
 | ¥9.3B | ¥7.4B | −20.3% | - | -93% |
 | ¥21.3B | ¥20.0B | −6.0% | Unchanged | 22% |
Plans are each company's forecast for the current year from its earnings release. Plan change compares with last year's results; revisions compare the latest forecast with the first one given for the year. Progress is cumulative operating profit ÷ the full-year plan, against an even pace of 25% after Q1, 50% after Q2 and 75% after Q3 (a rough guide for seasonal businesses).
| Change | 1M | 3M | 1Y |
|---|---|---|---|
| Electric Power & Gas | −3.6% | +3.7% | +12.2% |
| All industries | −2.7% | −0.9% | +14.9% |
| vs. market | −0.9pt | +4.7pt | −2.8pt |
Rank among industries:3M #17/531Y #27/53
Industry returns are an equal-weighted (geometric) average of member companies. Prices are split-adjusted closes for reference, not real-time.
Totals for the 12 covered companies with full-year results for every year from FY2022 to FY2026. The set is fixed, so adding or removing coverage doesn't move the figures.
Average salary is the reporting entity's figure (often a holding company) from its annual securities report. Holding companies with fewer than 50 staff are excluded.
| Company | Revenue | YoY | Operating profit | Margin | Share | Average salary | Average age | Employees |
|---|---|---|---|---|---|---|---|---|
| 1 | ¥6.3T | −7.1% | ¥337.7B | 5.3% | 19.7% | ¥8.83M | 45.1 | 7,157 |
| 2 | ¥4.1T | −6.5% | ¥437.6B | 10.8% | 12.7% | ¥9.73M | 42.6 | 8,258 |
| 3 | ¥3.5T | −3.4% | ¥230.0B | 6.5% | 11.1% | ¥8.99M | 42.8 | 3,289 |
| 4 | ¥2.8T | +7.5% | ¥197.7B | 7.0% | 8.8% | ¥7.65M | 43.3 | 3,276 |
| 5 | ¥2.4T | −10.3% | ¥160.4B | 6.8% | 7.4% | ¥8.33M | 44.0 | 4,661 |
| 6 | ¥2.2T | −4.7% | ¥224.9B | 10.0% | 7.0% | ¥8.07M | 41.3 | 4,446 |
| 7 | ¥2.2T | −4.7% | ¥224.9B | 10.0% | 7.0% | - | - | - |
| 8 | ¥2.0T | −1.9% | ¥174.8B | 8.6% | 6.3% | ¥7.38M | 43.8 | 1,283 |
| 9 | ¥1.4T | −5.7% | ¥90.2B | 6.3% | 4.5% | ¥8.95M | 42.1 | 3,584 |
| 10 | ¥1.2T | −10.2% | ¥101.0B | 8.5% | 3.7% | ¥11.2M | 41.4 | 1,899 |
| 11 | ¥856.0B | −5.1% | ¥73.2B | 8.6% | 2.7% | ¥7.95M | 41.5 | 2,302 |
| 12 | ¥786.6B | −8.4% | ¥87.5B | 11.1% | 2.5% | ¥8.26M | 41.4 | 2,301 |
| 13 | ¥761.9B | −10.5% | ¥67.8B | 8.9% | 2.4% | ¥8.18M | 42.0 | 2,121 |
| 14 | ¥651.1B | −0.8% | ¥31.8B | 4.9% | 2.0% | ¥7.33M | 41.4 | 973 |
| 15 | ¥220.2B | −6.9% | ¥9.3B | 4.2% | 0.7% | ¥8.08M | 43.9 | 1,511 |
| 16 | ¥208.5B | +4.2% | ¥21.3B | 10.2% | 0.7% | ¥6.72M | 39.7 | 1,135 |
17 | ¥201.2B | −0.5% | ¥14.1B | 7.0% | 0.6% | ¥7.74M | 44.3 | 657 |
| 18 | ¥87.6B | +24.7% | ¥8.3B | 9.5% | 0.3% | ¥10.9M | 42.1 | 220 |
19 | - | - | - | - | - | ¥6.95M | 39.9 | 99 |
| Industry total / average | ¥32.1T | −4.9% | ¥2.5T | 7.8% | 100% | ¥8.40M | 42.4 | 49,172 |
Revenue and operating profit are from each company's latest full-year results. Green margins are at or above the industry margin. Financial institutions may not report operating profit.
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