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Electric Power Development Co
(9513)
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Rating:58Neutral
Price Target:
¥3,801.00
▲(0.03% Upside)
Action:Downgraded
Date:05/14/26
The score is primarily constrained by weakening financial performance (margin compression and softer free cash flow, with leverage still meaningful). Technicals are supportive of a broader uptrend but lack strong momentum, while valuation is reasonable with a modest dividend yield.
Positive Factors
Diversified generation & infrastructure
Owning thermal and hydropower plants plus transmission-related services provides a diversified generation mix and multiple revenue streams. This structural asset base yields recurring cash flows, operational resilience to single-source shocks and long-term demand for grid services.
Negative Factors
Revenue decline and margin compression
A material revenue step-down and falling gross/net margins indicate weakening pricing spreads and cost pressure. Structural margin compression erodes sustainable profitability, limits reinvestment capacity, and increases sensitivity of earnings to commodity and market shifts.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified generation & infrastructure
Owning thermal and hydropower plants plus transmission-related services provides a diversified generation mix and multiple revenue streams. This structural asset base yields recurring cash flows, operational resilience to single-source shocks and long-term demand for grid services.
Read all positive factors
Electric Power Development Co (9513) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥670.07B
Dividend Yield2.63%
Average Volume (3M)894.44K
Price to Earnings (P/E)11.7
Beta (1Y)0.44
Revenue Growth-7.32%
EPS Growth-70.76%
CountryJP
Employees7,202
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)325.19
Shares Outstanding176,337,900
10 Day Avg. Volume729,060
30 Day Avg. Volume894,443
Financial Highlights & Ratios
PEG Ratio-0.37
Price to Book (P/B)0.55
Price to Sales (P/S)0.66
P/FCF Ratio16.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥3,547.50Price Target Upside-6.64% Downside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)441.95
Revenue Forecast (FY)¥1.34T
Electric Power Development Co Business Overview & Revenue Model
Company Description
Electric Power Development Co., Ltd. (J-POWER) is a prominent entity in Japan's energy sector, primarily responsible for the wholesale supply of electricity derived from hydroelectric and thermal power generation. In addition to producing and tran...
How the Company Makes Money
Electric Power Development Co. (J-POWER) primarily makes money by generating electricity and selling it to customers in Japan’s power market. Its key revenue streams generally include: (1) Electricity sales from owned and operated power plants (e....
Electric Power Development Co Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
52
Neutral
Cash Flow
49
Neutral
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.18T | 1.32T | 1.26T | 1.84T | 1.08T |
| Gross Profit | 100.99B | 189.34B | 159.64B | 236.35B | 136.62B |
| EBITDA | 254.72B | 289.79B | 259.79B | 305.80B | 192.28B |
| Net Income | 58.54B | 92.47B | 77.78B | 113.69B | 69.69B |
Balance Sheet | |||||
| Total Assets | 3.74T | 3.67T | 3.48T | 3.36T | 3.07T |
| Cash, Cash Equivalents and Short-Term Investments | 396.96B | 416.46B | 431.96B | 342.02B | 223.07B |
| Total Debt | 1.88T | 1.88T | 1.87T | 1.89T | 1.79T |
| Total Liabilities | 2.21T | 2.21T | 2.14T | 2.17T | 2.10T |
| Stockholders Equity | 1.41T | 1.34T | 1.22T | 1.08T | 916.03B |
Cash Flow | |||||
| Free Cash Flow | 46.88B | 126.42B | 138.18B | 10.97B | -6.90B |
| Operating Cash Flow | 224.26B | 250.34B | 254.02B | 155.83B | 128.38B |
| Investing Cash Flow | -193.25B | -122.83B | -161.95B | -150.84B | -178.85B |
| Financing Cash Flow | -64.22B | -133.70B | -65.86B | 96.02B | 84.07B |
Electric Power Development Co Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
62 Neutral | ¥590.02B | 7.08 | 7.93% | 3.50% | 2.21% | -47.89% | |
59 Neutral | ¥2.61T | 7.15 | 11.51% | 3.17% | -2.90% | -7.99% | |
58 Neutral | ¥670.07B | 11.69 | 4.27% | 2.63% | -7.32% | -70.76% | |
50 Neutral | ¥210.65B | 7.52 | 9.95% | 3.18% | -3.77% | -56.08% | |
49 Neutral | ¥338.86B | 4.93 | 9.14% | 2.87% | -4.69% | -62.74% | |
43 Neutral | ¥833.13B | 2.12 | -14.76% | ― | -5.31% | ― |
* Utilities Sector Average
JP:9513
Electric Power Development Co
3,800.00
1,267.42
50.04%
JP:9504
Chugoku Electric Power Co
940.60
148.53
18.75%
JP:9503
Kansai Electric Power Company
2,440.50
622.10
34.21%
JP:9506
Tohoku Electric Power Company
1,180.50
165.70
16.33%
JP:9501
Tokyo Electric Power Company Holdings
520.00
-64.70
-11.07%
JP:9509
Hokkaido Electric Power Company,Incorporated
1,026.00
95.54
10.27%
Electric Power Development Co Corporate Events
J-POWER Drops Shareholder-Backed Articles Amendment from AGM Agenda
Jun 8, 2026
Electric Power Development Co. has announced that shareholder proposals previously submitted for its 74th Ordinary General Meeting, notably a proposal to partially amend the Articles of Incorporation, have been withdrawn by the proposing sharehold...
J-POWER Board Rejects Climate-Related Shareholder Proposals, Citing Existing Strategy
May 22, 2026
Electric Power Development Co., Ltd. (J-POWER) operates in Japan’s electric power sector, supplying energy through a portfolio that increasingly targets CO2-free and zero-emission power sources. Its strategy aligns with Japan’s goal of...
J-POWER Cancels 3.7% of Shares to Tighten Capital Base
May 15, 2026
Electric Power Development Co., Ltd. (J-POWER), a Japanese electric utility specializing in power generation and energy services, is listed on the TSE Prime market and plays a key role in supplying electricity to domestic and overseas markets. Its...
J-POWER Profit Falls on Lower Revenue but Signals Earnings Rebound and Higher Dividend
May 12, 2026
Electric Power Development Co. reported a 10.2% decline in operating revenue to ¥1.18 trillion and a 36.7% drop in profit attributable to owners of the parent to ¥58.5 billion for the year ended March 31, 2026, as operating profit fell a...
J-POWER to Cancel 3.7% of Shares in Capital Policy Move
Apr 30, 2026
Electric Power Development Co., Ltd. (J-POWER), a major Japanese power producer listed on the TSE Prime, focuses on generating and supplying electricity and operating energy infrastructure across Japan. Its activities support stable power supply f...
J-POWER Receives Shareholder Proposals on Climate-Related Investment Disclosure
Apr 30, 2026
Electric Power Development Co., Ltd. (J-POWER), a major Japanese electric utility focused on power generation and listed on the TSE Prime, is working toward carbon neutrality by 2050. Its operations and investment decisions are increasingly shaped...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.