Electric Power Development Co (9513) AI Stock Analysis

• Market Cap: ¥565.80B
• Dividend Yield: 3.24%
• Average Volume (3M): 894.44K
• Price to Earnings (P/E): 5.3
• Beta (1Y): 0.61
• Revenue Growth: -1.56%
• EPS Growth: 9.17%
• Country: JP
• Employees: 7,083
• Sector: Utilities
• Sector Strength: 65
• Industry: Renewable Utilities
• EPS (TTM): 61.14
• Shares Outstanding: 183,051,100
• 10 Day Avg. Volume: 729,060
• 30 Day Avg. Volume: 894,443
• PEG Ratio: 0.27
• Price to Book (P/B): 0.35
• Price to Sales (P/S): 0.35
• P/FCF Ratio: 3.66
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 536.33
• Revenue Forecast (FY): ¥1.21T

• Rating: 82 Outperform
• Price Target: ¥3,408.00 ▲(10.26% Upside)

Electric Power Development Co's strong financial performance and attractive valuation are the primary drivers of its high score. The technical analysis supports a positive outlook, though caution is advised due to indicators nearing overbought levels. The absence of recent earnings call data and corporate events does not detract from the overall positive assessment.

Positive Factors

Revenue Growth

The company's consistent revenue growth indicates a strong market position and effective business strategies, supporting long-term financial stability.

Margin Improvement

Improving margins reflect enhanced operational efficiency, which can lead to better profitability and competitive advantage over time.

Cash Flow Generation

Strong cash flow generation supports strategic investments and shareholder returns, enhancing the company's financial flexibility and growth potential.

Negative Factors

Debt Levels

While leverage is balanced, maintaining moderate debt levels is crucial to ensure financial flexibility and mitigate risks associated with high interest obligations.

Equity Ratio

A stable equity ratio is positive, but a higher ratio could provide more cushion against financial volatility, suggesting room for improvement in capital structure.

Regulatory Framework

While providing stable cash flows, reliance on regulated frameworks may limit pricing flexibility and responsiveness to market changes, impacting growth potential.

Electric Power Development Co Business Overview & Revenue Model

Company Description

Electric Power Development Co. (9513), commonly known as J-POWER, is a leading Japanese electric utility company primarily engaged in the generation and sale of electricity. Founded in 1952, the company operates a diverse portfolio of power generation facilities, including hydroelectric, thermal, and renewable energy sources. J-POWER plays a significant role in Japan's energy sector, focusing on enhancing energy security and sustainability while contributing to the reduction of greenhouse gas emissions through its investments in clean energy technologies.

How the Company Makes Money

Electric Power Development Co. generates revenue primarily through the sale of electricity produced from its various power generation facilities. The company operates under a regulated framework, allowing it to earn revenue based on the volume of electricity supplied to both wholesale and retail markets. Key revenue streams include long-term power purchase agreements (PPAs) with utilities and large industrial customers, which provide stable cash flows. Additionally, J-POWER engages in international power generation projects and partnerships, broadening its revenue base. The company also benefits from government incentives for renewable energy production, further enhancing its earnings potential. Strategic collaborations with other energy firms and investments in new technologies play a crucial role in driving its growth and profitability.

Electric Power Development Co Financial Statement Overview

Summary

Electric Power Development Co demonstrates strong financial performance with consistent revenue growth and improved margins. The balance sheet is solid with a manageable level of debt and a strong equity base. Cash flow generation is robust, supporting strategic investments and shareholder returns. Overall, the company is well-positioned in the renewable utilities sector.

Income Statement

Electric Power Development Co has shown consistent revenue growth, with a significant increase from 1,254 billion yen in 2024 to 1,316 billion yen in 2025. Gross profit margin improved from 8.4% to 10.5%, and net profit margin rose from 6.2% to 7.0%. The EBIT and EBITDA margins are strong at 10.5% and 22.0% respectively, reflecting solid operational efficiency.

Balance Sheet

The company maintains a moderate debt-to-equity ratio of 1.41, indicating balanced leverage. Return on equity improved to 6.9%, and the equity ratio is stable at 36.4%, showcasing a solid capital structure with a good balance between debt and equity.

Cash Flow

Operating cash flow remains robust at 250 billion yen, with a strong free cash flow of 126 billion yen, reflecting effective cash management. The free cash flow to net income ratio is healthy, indicating efficient conversion of earnings into cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.31T	1.32T	1.26T	1.84T	1.08T	909.14B
Gross Profit	230.63B	230.83B	105.71B	183.87B	86.98B	77.78B
EBITDA	306.03B	254.72B	216.02B	305.80B	192.28B	174.22B
Net Income	119.09B	92.47B	77.77B	113.69B	69.69B	22.30B
Balance Sheet
Total Assets	3.62T	3.67T	3.48T	3.36T	3.07T	2.84T
Cash, Cash Equivalents and Short-Term Investments	352.72B	416.46B	431.96B	342.02B	223.07B	189.84B
Total Debt	1.83T	1.66T	1.87T	1.89T	1.79T	1.67T
Total Liabilities	2.15T	2.21T	2.14T	2.17T	2.10T	1.99T
Stockholders Equity	1.35T	1.34T	1.22T	1.08T	916.03B	809.14B
Cash Flow
Free Cash Flow	0.00	126.42B	138.18B	10.97B	-6.90B	8.66B
Operating Cash Flow	0.00	250.34B	254.02B	155.83B	128.38B	167.96B
Investing Cash Flow	0.00	-122.83B	-161.95B	-150.84B	-178.85B	-143.27B
Financing Cash Flow	0.00	-133.70B	-65.86B	96.02B	84.07B	7.03B

Electric Power Development Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3091.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9513, the sentiment is Positive. The current price of 3091 is above the 20-day moving average (MA) of 3066.80, above the 50-day MA of 2970.82, and above the 200-day MA of 2650.89, indicating a bullish trend. The MACD of 34.94 indicates Positive momentum. The RSI at 56.35 is Neutral, neither overbought nor oversold. The STOCH value of 58.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9513.

Electric Power Development Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
9513	82 Outperform	¥565.80B	5.26	7.92%	3.24%	-1.56%	9.17%
9503	75 Outperform	¥2.68T	6.25	14.42%	2.39%	2.08%	19.52%
9506	74 Outperform	¥566.03B	3.45	16.13%	3.53%	-8.73%	-6.98%
9509	71 Outperform	¥213.63B	3.66	14.57%	2.40%	-1.60%	-10.41%
9504	69 Neutral	¥356.59B	3.19	15.45%	3.23%	-1.02%	79.80%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
9501	52 Neutral	¥1.02T	-1.38	-22.13%	―	-2.28%	-794.92%

Electric Power Development Co Corporate Events

J-POWER Advances Treasury Share Buyback Plan

Electric Power Development Co., Ltd. (J-POWER) announced the progress of its treasury share purchase plan, which was initially resolved by the Board of Directors in May 2025. In November 2025, the company purchased 617,600 common shares valued at approximately 1.8 billion yen. This move is part of a broader plan to buy back up to 9 million shares, with a total value cap of 20 billion yen, aimed at optimizing capital structure and enhancing shareholder value.

J-POWER Reports Progress in Treasury Share Buyback Program

Electric Power Development Co., Ltd. (J-POWER) has announced the progress of its treasury share purchase program, which was approved by the Board of Directors on May 9, 2025. In October 2025, the company purchased 827,400 common shares valued at approximately 2.37 billion yen. This initiative is part of a broader strategy to buy back up to 9 million shares, with a total value cap of 20 billion yen, during the period from September 1, 2025, to March 31, 2026. As of the end of October, J-POWER has acquired a cumulative total of 4,393,000 shares, amounting to over 12.4 billion yen. This move is expected to impact the company’s financial structure and shareholder value positively.

J-POWER Boosts Investment in Dutch Subsidiary for Southeast Asia Expansion

J-POWER announced a capital increase for its subsidiary, JH International B.V., in the Netherlands, to support hydroelectric power plant development in Southeast Asia. This move aligns with J-POWER’s mid-term management plan to focus on carbon-neutral assets. The capital increase will make JH International B.V. a specified subsidiary, with minimal expected impact on J-POWER’s financial results for the fiscal year ending March 2026.

J-POWER Reports Mixed Financial Results for First Half of 2025

Electric Power Development Co., Ltd. (J-POWER) reported a decrease in operating revenue and profit for the six months ended September 30, 2025, compared to the same period in the previous year. Despite the decline in operating revenue and profit, the company experienced an increase in ordinary profit and profit attributable to owners of the parent, reflecting a strategic shift or operational efficiency improvements. The financial results indicate a challenging market environment, but the company maintains its dividend forecast and continues to focus on its strategic objectives.

Electric Power Development Co. Receives Dividend from Subsidiary

Electric Power Development Co., Ltd. announced it will receive a dividend of 20.5 million USD from its subsidiary, J-POWER North America Holdings Co., Ltd. This dividend will be recorded as non-operating income in the company’s non-consolidated financial statements for the fiscal year ending March 31, 2026, without affecting the consolidated financial results.

J-POWER Reports Progress on Treasury Share Purchase

Electric Power Development Co., Ltd. announced the progress of its treasury share purchase, which was authorized by the Board of Directors in May 2025. In September 2025, the company purchased 3,565,600 common shares valued at approximately 10 billion yen, as part of a larger plan to acquire up to 9 million shares by March 2026. This strategic move aims to enhance shareholder value and optimize capital structure, reflecting the company’s commitment to financial stability and market competitiveness.