Electric Power Development Co (JP:9513)
:9513
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Electric Power Development Co
(9513)
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Rating:82Outperform
Price Target:
¥5,124.00
▲(24.76% Upside)
Action:ReiteratedDate:03/13/26
The score is driven primarily by strong financial performance (improving margins, solid cash flow, and manageable leverage) and very attractive valuation (low P/E with a solid dividend). Technicals are supportive due to a clear uptrend, but overbought momentum readings add some near-term risk, slightly tempering the overall score.
Positive Factors
Cash generation
Consistently strong operating cash flow (250B) and sizeable free cash flow (126B) provide durable internal funding for maintenance capex, dividends and debt servicing. This improves resilience to cyclical swings and funds renewables investment without immediate external financing.
Negative Factors
Fuel price exposure
Material reliance on thermal generation makes earnings and margins sensitive to fuel and commodity price volatility. Persistent or structural fuel-cost increases can compress margins and cash flow, raising long-term earnings uncertainty without hedging or fuel mix shifts.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Consistently strong operating cash flow (250B) and sizeable free cash flow (126B) provide durable internal funding for maintenance capex, dividends and debt servicing. This improves resilience to cyclical swings and funds renewables investment without immediate external financing.
Read all positive factors
Electric Power Development Co (9513) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥751.78B
Dividend Yield3.22%
Average Volume (3M)894.44K
Price to Earnings (P/E)6.7
Beta (1Y)0.49
Revenue Growth-1.56%
EPS Growth9.17%
CountryJP
Employees7,083
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)118.70
Shares Outstanding183,051,100
10 Day Avg. Volume729,060
30 Day Avg. Volume894,443
Financial Highlights & Ratios
PEG Ratio0.27
Price to Book (P/B)0.35
Price to Sales (P/S)0.35
P/FCF Ratio3.66
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥3,019.53Price Target Upside-26.48% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)383.76
Revenue Forecast (FY)¥1.24T
Electric Power Development Co Business Overview & Revenue Model
Company Description
Electric Power Development Co., Ltd. engages in the wholesale supply of hydroelectric and thermal power in Japan. It also produces wood fuel, carbonized sewage sludge fuel, and other biomass fuels, as well as generates and transmits electricity. I...
How the Company Makes Money
J-POWER primarily makes money by generating electricity and selling it, mainly as a wholesale supplier to electric utilities, retailers, and other large customers in Japan. Its core revenue stream is electricity sales from its portfolio of power p...
Electric Power Development Co Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.31T | 1.32T | 1.26T | 1.84T | 1.08T | 909.14B |
| Gross Profit | 138.11B | 189.34B | 159.64B | 236.35B | 136.62B | 143.04B |
| EBITDA | 254.87B | 255.00B | 216.02B | 291.51B | 183.98B | 174.22B |
| Net Income | 119.09B | 92.47B | 77.78B | 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 | 1.88T | 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
Positive
4107.00
Price Trends
3758.08
Positive
3428.69
Positive
3048.78
Positive
Market Momentum
144.83
Positive
53.79
Neutral
22.83
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 4107 is below the 20-day moving average (MA) of 4108.24, above the 50-day MA of 3758.08, and above the 200-day MA of 3048.78, indicating a neutral trend. The MACD of 144.83 indicates Positive momentum. The RSI at 53.79 is Neutral, neither overbought nor oversold. The STOCH value of 22.83 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
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥751.78B | 6.68 | 7.17% | 3.22% | -1.56% | 9.17% | |
75 Outperform | ¥2.77T | 6.37 | 14.42% | 2.44% | 2.08% | 19.52% | |
74 Outperform | ¥581.77B | 5.14 | 16.40% | 3.47% | -8.73% | -6.98% | |
71 Outperform | ¥219.59B | 13.52 | 13.70% | 2.36% | -1.60% | -10.41% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
65 Neutral | ¥357.35B | 16.42 | 12.27% | 3.23% | -1.02% | 79.80% | |
52 Neutral | ¥1.07T | 5.29 | -22.13% | ― | -2.28% | -794.92% |
* Utilities Sector Average
JP:9513
Electric Power Development Co
4,107.00
1,703.52
70.88%
JP:9504
Chugoku Electric Power Co
991.90
197.69
24.89%
JP:9503
Kansai Electric Power Company
2,593.50
1,002.52
63.01%
JP:9506
Tohoku Electric Power Company
1,164.00
211.71
22.23%
JP:9501
Tokyo Electric Power Company Holdings
665.10
249.50
60.03%
JP:9509
Hokkaido Electric Power Company,Incorporated
1,069.50
416.71
63.83%
Electric Power Development Co Corporate Events
J-POWER Cuts Forecast for Hydroelectric Sales Volume in Earnings Update Correction
Apr 1, 2026
Electric Power Development Co., Ltd. corrected a previously disclosed revision of its full-year earnings forecast after identifying an error in its operational assumptions. The company stated that only the hydroelectric power sales volume forecast...
J-POWER Cuts Profit Outlook on Heavy Special Losses but Keeps Dividend
Mar 31, 2026
Electric Power Development Co. (J-POWER) has revised its full-year forecast for the fiscal year ending March 31, 2026, projecting lower operating revenue but higher ordinary profit on a consolidated basis, driven by improved domestic thermal power...
J-POWER Completes Nearly ¥20 Billion Share Buyback Program
Mar 25, 2026
Electric Power Development Co., Ltd. has completed a share buyback program authorized by its board in May 2025, acquiring its own common shares on the market. The move is part of its capital management strategy and may support shareholder value by...
J-POWER Nears Completion of ¥20 Billion Share Buyback Program
Mar 6, 2026
Electric Power Development Co., Ltd. (J-POWER) is a Japanese electric power utility that generates and supplies electricity, with its shares listed on the TSE Prime market. The company targets stable operations and financial policies aimed at enha...
J-POWER Reports Continued Progress on ¥20 Billion Share Buyback Program
Feb 6, 2026
Electric Power Development Co., Ltd. (J-POWER) reported progress on its ongoing share buyback program, disclosing that it repurchased 475,200 common shares in January 2026 for a total of 1.57 billion yen. The buyback is being conducted under a Boa...
Electric Power Development Announces CEO Resignation and Leadership Transition
Jan 30, 2026
Electric Power Development Co., Ltd. announced that President and CEO Hitoshi Kanno will resign from his roles as representative director, president, and chief executive officer for health reasons, with his resignation effective March 31, 2026. Th...
J-POWER Profits Rise Despite Revenue Drop as Utility Maintains Dividend and Cautious Outlook
Jan 30, 2026
Electric Power Development Co. (J-POWER) reported consolidated results for the nine months to 31 December 2025 showing operating revenue down 9.8% year-on-year to ¥864.6 billion, but profit attributable to owners of the parent rose 5.4% to &#...
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.