Electric Power Development Co (JP:9513)
:9513
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Electric Power Development Co
(9513)
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Rating:58Neutral
Price Target:
¥4,335.00
▲(11.13% 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
J-POWER's mix of thermal and hydropower generation plus transmission-related businesses creates diversified, asset-backed revenue streams. That structural portfolio reduces single-source exposure (fuel or hydrology) and supports steady contracted and wholesale cash flows over multi-year horizons.
Negative Factors
Revenue decline and margin compression
A meaningful revenue drop and sharp gross/net margin compression point to structural pressure on spreads or pricing. Over several quarters this reduces ability to cover fixed plant costs, increases earnings volatility, and weakens self-financing capacity for capex or debt reduction.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified generation & infrastructure
J-POWER's mix of thermal and hydropower generation plus transmission-related businesses creates diversified, asset-backed revenue streams. That structural portfolio reduces single-source exposure (fuel or hydrology) and supports steady contracted and wholesale cash flows over multi-year horizons.
Read all positive factors
Electric Power Development Co (9513) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥698.11B
Dividend Yield3.22%
Average Volume (3M)894.44K
Price to Earnings (P/E)12.4
Beta (1Y)0.49
Revenue Growth-10.21%
EPS Growth-35.69%
CountryJP
Employees7,083
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)651.18
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
¥3,160.00Price Target Upside-19.00% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering2
EPS Forecast (FY)372.64
Revenue Forecast (FY)¥1.22T
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
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 | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.31T | 1.18T | 1.32T | 1.26T | 1.84T | 1.08T |
| Gross Profit | 138.11B | 100.99B | 189.34B | 159.64B | 236.35B | 136.62B |
| EBITDA | 254.87B | 217.07B | 255.00B | 216.02B | 291.51B | 183.98B |
| Net Income | 119.09B | 58.54B | 92.47B | 77.78B | 113.69B | 69.69B |
Balance Sheet | ||||||
| Total Assets | 3.62T | 3.74T | 3.67T | 3.48T | 3.36T | 3.07T |
| Cash, Cash Equivalents and Short-Term Investments | 352.72B | 396.96B | 416.46B | 431.96B | 342.02B | 223.07B |
| Total Debt | 1.83T | 1.88T | 1.88T | 1.87T | 1.89T | 1.79T |
| Total Liabilities | 2.15T | 2.21T | 2.21T | 2.14T | 2.17T | 2.10T |
| Stockholders Equity | 1.35T | 1.41T | 1.34T | 1.22T | 1.08T | 916.03B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 46.88B | 126.42B | 138.18B | 10.97B | -6.90B |
| Operating Cash Flow | 0.00 | 224.26B | 250.34B | 254.02B | 155.83B | 128.38B |
| Investing Cash Flow | 0.00 | -193.25B | -122.83B | -161.95B | -150.84B | -178.85B |
| Financing Cash Flow | 0.00 | -64.22B | -133.70B | -65.86B | 96.02B | 84.07B |
Electric Power Development Co Technical Analysis
Neutral
3901.00
Price Trends
4043.85
Negative
3772.99
Positive
3325.70
Positive
Market Momentum
-12.60
Positive
46.35
Neutral
22.92
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9513, the sentiment is Neutral. The current price of 3901 is below the 20-day moving average (MA) of 4083.10, below the 50-day MA of 4043.85, and above the 200-day MA of 3325.70, indicating a neutral trend. The MACD of -12.60 indicates Positive momentum. The RSI at 46.35 is Neutral, neither overbought nor oversold. The STOCH value of 22.92 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
62 Neutral | ¥496.45B | 5.85 | 16.40% | 3.47% | -10.30% | -53.53% | |
59 Neutral | ¥2.50T | 6.86 | 14.42% | 2.44% | -6.47% | -23.93% | |
58 Neutral | ¥698.11B | 12.40 | 7.17% | 3.22% | -10.21% | -35.69% | |
50 Neutral | ¥190.08B | 4.32 | 13.70% | 2.36% | -5.11% | -31.49% | |
49 Neutral | ¥309.36B | 4.50 | 12.27% | 3.23% | -5.68% | -30.36% | |
43 Neutral | ¥846.59B | -1.86 | -22.13% | ― | -7.07% | -381.65% |
* Utilities Sector Average
JP:9513
Electric Power Development Co
3,959.00
1,675.89
73.40%
JP:9504
Chugoku Electric Power Co
858.70
186.00
27.65%
JP:9503
Kansai Electric Power Company
2,341.00
803.36
52.25%
JP:9506
Tohoku Electric Power Company
993.30
36.95
3.86%
JP:9501
Tokyo Electric Power Company Holdings
528.40
157.20
42.35%
JP:9509
Hokkaido Electric Power Company,Incorporated
925.80
252.76
37.55%
Electric Power Development Co Corporate Events
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...
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...
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.