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Regional electric utility serving Nagoya/Chubu, Toyota's home region, with generation, grid and gas businesses.
Regional electric utility serving Nagoya/Chubu, Toyota's home region, with generation, grid and gas businesses.
Since 2015 its fuel and thermal power generation has been run in JERA, a joint venture with TEPCO, so it shows up as a share of JERA's profit rather than directly. What it runs itself is the regulated grid, retail sales to households and companies, and the Hamaoka nuclear plant, which has been shut since 2011.
In one line: A Japanese regional power utility, akin to Duke Energy.
Moat: narrow (regulatory licence, installed base). Regulated regional grid monopoly, but faces liberalized retail competition and nuclear restart uncertainty.
Headquarters: Nagoya, Japan · Founded: 1951 · Employees: 22,700
Size Chubu Electric Power (9502.T) is a Japan Utilities company (Electric Utilities) with a market value of $11.2B, the 123rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,333 on 6 Nov 2026.
Performance Over six months the shares fell 13.3%, against +0.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 2.5% over the last twelve months (peer median +6.7%); the operating margin is 0.2% (peer median 14.0%).
Valuation It trades at 10.3× forward earnings against a peer median of 17.3× (5th cheapest of 19).
Capital Return on invested capital runs 4.9 points below its cost of capital (5.0% WACC).
Next results Next results expected around 22 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥3.74T | ¥3.55T | ¥3.67T | ¥3.61T | ¥3.99T |
| Revenue growth | — | -3% | +2% | -9% | — |
| Gross profit | ¥93.1B | ¥523B | ¥531B | ¥618B | ¥343B |
| EBITDA | n/a | ¥402B | ¥412B | ¥527B | ¥274B |
| Net income | -¥219B | ¥228B | ¥202B | ¥403B | ¥38.2B |
| Free cash flow | n/a | ¥20.9B | ¥28.8B | ¥95.4B | ¥46.8B |
| Capital expenditure | n/a | ¥313B | ¥273B | ¥249B | ¥249B |
| Total debt | ¥3.35T | ¥3.25T | ¥3.10T | ¥2.98T | ¥2.91T |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Chubu Electric Power 9502.T | $11.2B | -13% | +3% | 0% | 10.3× | n/a |
| Tokyo Elec Power Co Hldgs 9501.T | $4.17B | -31% | -2% | 1% | 3.7× | n/a |
| Kansai Electric Power 9503.T | $17.3B | +2% | +2% | 6% | 8.2× | 11.0% |
| Kyushu Electric Power Company,Incorporated 9508.T | n/a | +13% | n/a | n/a | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 9502.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.2% | +1.3% | 2nd lowest of 21 |
| 6-month return | -13.3% | +0.2% | 4th lowest of 21 |
| Distance from 52-week high | -29.0% | -14.8% | 3rd lowest of 21 |
| Revenue growth (TTM) | +2.5% | +6.7% | 9th lowest of 21 |
| Operating margin | 0.2% | 14.0% | 2nd lowest of 21 |
| Forward P/E | 10.3× | 17.3× | 5th cheapest of 19 |
| ROIC minus cost of capital | -4.9 pp | -1.2 pp | 3rd lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Chubu Electric Power 9502.T | Japan | $11.2B | -13% | +3% | 0% | 10.3× | n/a | n/a |
| Zhejiang Zheneng Electric Power 600023.SS | China | $10.8B | -5% | -7% | -1% | 17.4× | 7.0% | +9.0% |
| Datang International Power Generation 601991.SS | China | $10.8B | +14% | 0% | 12% | 12.2× | -2.3% | +4.9% |
| Guangxi Guiguan Electric Power 600236.SS | China | $10.7B | -10% | +26% | 48% | 20.7× | -2.8% | +3.0% |
| AES AES | United States | $10.6B | +4% | +12% | 20% | 6.8× | n/a | n/a |
| Tata Power TATAPOWER.NS | India | $11.9B | -20% | -4% | 13% | 25.0× | n/a | n/a |
| OGE Energy OGE | United States | $10.5B | +7% | +2% | 26% | 21.6× | 8.1% | +9.0% |
| Jiangsu Eastern Shenghong 000301.SZ | China | $10.3B | -22% | +4% | 7% | 12.4× | -2.1% | +28.4% |
| JSW Energy JSWENERGY.NS | India | $10.1B | -9% | +26% | 36% | 39.7× | n/a | n/a |
| Hikari Tsushin 9435.T | Japan | $10.0B | -5% | +7% | 15% | 12.5× | 6.7% | +5.6% |
| Pinnacle West Capital PNW | United States | $12.6B | +5% | +8% | 23% | 19.1× | n/a | n/a |
| Edison EDNR.MI | Italy | $9.87B | -12% | +6% | 3% | n/a | n/a | n/a |
| Keppel BN4.SI | Singapore | $13.0B | -13% | +11% | 11% | 18.9× | 14.8% | -1.9% |
| Sichuan Chuantou Energy 600674.SS | China | $13.0B | +16% | -1% | 29% | 17.2× | 32.3% | +10.0% |
| Redeia Corporacion RED.MC | Spain | $9.47B | +8% | +15% | 43% | 16.7× | n/a | n/a |
| Brookfield Renewable Partners LP BEP-UN.TO | Canada | $9.41B | -7% | +7% | 11% | n/a | n/a | n/a |
| China Res Power 0836.HK | Hong Kong | $13.5B | +6% | +2% | 18% | 9.0× | n/a | n/a |
| PGE Polska Grupa Energetyczna PGE.WA | Poland | $9.02B | +47% | -2% | 12% | 5.5× | n/a | n/a |
| Huadian Power International 1071.HK | Hong Kong | $8.73B | 0% | +13% | 8% | 9.6× | n/a | n/a |
| NHPC NHPC.NS | India | $8.72B | +1% | +12% | 30% | 19.4× | n/a | n/a |
| GD Power Development 600795.SS | China | $14.4B | +13% | -1% | 9% | 19.2× | -0.4% | +3.4% |