Electric Power Development Co., Ltd. logo

Electric Power Development Co., Ltd.

9513.T

JPXUtilitiesRenewable Utilities

Latest quote

¥3,973

−¥4.00 · -0.10%

Aug 24, 3:30 PM JST

9513.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

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 transmitting electricity, the company is involved in manufacturing various fuels, such as wood, carbonized sewage sludge, and other biomass materials. J-POWER's activities span a broad range, including the complete coal supply chain from investment and import to transportation and sales. The company also generates revenue from its by-products, selling fly ash and producing fertilizers from ash, alongside manufacturing activated coke. It manages and maintains diverse facilities, including welfare centers, wood pellet production sites, nuclear power plants, telecommunication infrastructure, waste-fueled power plants, and electronic/communication systems. Beyond its core energy operations, J-POWER offers an array of specialized services. These encompass ocean transportation for coal, ash, and fly ash; environmental conservation research and analysis; surveying and compensation for construction sites; investment management and project R&D; facility maintenance and business process outsourcing; and computer software development. The company further provides civil engineering, construction management, and engineering services specifically for controlling atmospheric and water pollutants. Domestically, J-POWER commands a significant infrastructure, with 60 hydroelectric plants (totaling 8,560 MW), 12 thermal power facilities (9,117 MW), 23 wind farms (540 MW), and one geothermal plant (23 MW). Its extensive grid includes 2,404.8 kilometers of power transmission lines and 9 substations or converter stations. Internationally, the company operates 33 power generation facilities with a combined capacity of 6,544 MW, located in countries such as Thailand, the United States, and China. Founded in 1952, Electric Power Development Co., Ltd. maintains its headquarters in Tokyo, Japan.

Industry
Renewable Utilities
Sector
Utilities
Headquarters
JP
CEO
Hideaki Kato
Listed since
Oct 6, 2004
Employees
7,202

Market position

Volume
539.3K
0.68× average
Average volume
794.84K
Average daily volume
Market cap
699.28B JPY
Beta
0.03
Market reference 1

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
2.27T JPY
EV / EBITDA
8.9×
Earnings yield
7.52%
Free cash flow yield
6.02%

Profitability & efficiency

Return on equity
4.16%
Return on assets
1.57%
Return on invested capital
1.97%

Financial health

Current ratio
1.67×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends15%12%8%4%Gross margin, FY2022: 12.60%Gross margin, FY2023: 12.83%Gross margin, FY2024: 12.69%Gross margin, FY2025: 14.38%Gross margin, FY2026: 8.54%Operating margin, FY2022: 8.02%Operating margin, FY2023: 9.98%Operating margin, FY2024: 8.40%Operating margin, FY2025: 10.50%Operating margin, FY2026: 8.54%Net margin, FY2022: 6.43%Net margin, FY2023: 6.17%Net margin, FY2024: 6.18%Net margin, FY2025: 7.02%Net margin, FY2026: 4.95%FY2022FY2023FY2024FY2025FY2026
Gross margin FY2022 12.60%. Gross margin FY2023 12.83%. Gross margin FY2024 12.69%. Gross margin FY2025 14.38%. Gross margin FY2026 8.54%. Operating margin FY2022 8.02%. Operating margin FY2023 9.98%. Operating margin FY2024 8.40%. Operating margin FY2025 10.50%. Operating margin FY2026 8.54%. Net margin FY2022 6.43%. Net margin FY2023 6.17%. Net margin FY2024 6.18%. Net margin FY2025 7.02%. Net margin FY2026 4.95%.

Income trends

Revenue

1.18T JPY-10.21%

Operating income

100.99B JPY-26.98%

Net income

58.54B JPY-36.70%
Income trends across reported periods2.02T JPY1.31T JPY593.55B JPY−119.8B JPYRevenue, FY2022: 1.08T JPYRevenue, FY2023: 1.84T JPYRevenue, FY2024: 1.26T JPYRevenue, FY2025: 1.32T JPYRevenue, FY2026: 1.18T JPYOperating income, FY2022: 86.98B JPYOperating income, FY2023: 183.87B JPYOperating income, FY2024: 105.71B JPYOperating income, FY2025: 138.31B JPYOperating income, FY2026: 100.99B JPYNet income, FY2022: 69.69B JPYNet income, FY2023: 113.69B JPYNet income, FY2024: 77.78B JPYNet income, FY2025: 92.47B JPYNet income, FY2026: 58.54B JPYFY2022FY2023FY2024FY2025FY2026
Revenue FY2022 1.08T JPY. Revenue FY2023 1.84T JPY. Revenue FY2024 1.26T JPY. Revenue FY2025 1.32T JPY. Revenue FY2026 1.18T JPY. Operating income FY2022 86.98B JPY. Operating income FY2023 183.87B JPY. Operating income FY2024 105.71B JPY. Operating income FY2025 138.31B JPY. Operating income FY2026 100.99B JPY. Net income FY2022 69.69B JPY. Net income FY2023 113.69B JPY. Net income FY2024 77.78B JPY. Net income FY2025 92.47B JPY. Net income FY2026 58.54B JPY.
Metric (JPY)FY2026FY2025FY2024FY2023FY2022
Revenue1.18T JPY1.32T JPY1.26T JPY1.84T JPY1.08T JPY
Cost of goods sold1.08T JPY1.13T JPY1.1T JPY1.61T JPY948B JPY
Gross profit100.99B JPY189.34B JPY159.64B JPY236.35B JPY136.62B JPY
Research and development7.04B JPY7.71B JPY10.34B JPY8.59B JPY
Selling, general, and administrative43.99B JPY46.23B JPY42.15B JPY41.05B JPY
Operating expenses51.03B JPY53.94B JPY52.49B JPY49.64B JPY
Interest income10.16B JPY9.42B JPY7.45B JPY3.47B JPY1.81B JPY
Interest expense31.93B JPY33B JPY30.94B JPY27.37B JPY22.44B JPY
Depreciation and amortization116.07B JPY116.69B JPY110.31B JPY107.64B JPY97B JPY
Operating income100.99B JPY138.31B JPY105.71B JPY183.87B JPY86.98B JPY
Net income58.54B JPY92.47B JPY77.78B JPY113.69B JPY69.69B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
70%
7 beats, 3 misses, 0 met estimates
Average EPS surprise
+57.93%
10 comparable reports
Latest EPS result
155.8

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates318.73154.8-9.14-173.07Q1 '25BeatQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26No estimateQ4 '26Estimate
Q1 2025, reported Jan 31, 2025: actual 171.03, estimate 60, surprise +185.05%, Beat. Q2 2025, reported May 9, 2025: actual 70.3, estimate 47.5, surprise +48.00%, Beat. Q3 2025, reported Jul 29, 2025: actual 284.81, estimate 101.4, surprise +180.88%, Beat. Q4 2025, reported Oct 29, 2025: actual 61.14, estimate 109.8, surprise -44.32%, Miss. Q1 2026, reported Jan 30, 2026: actual 118.7, estimate 119.7, surprise -0.84%, Miss. Q2 2026, reported May 12, 2026: actual -139.15, estimate 46.3, surprise -400.54%, Miss. Q3 2026, reported Jul 31, 2026: actual 155.8, estimate —, surprise —, Comparison unavailable. Q4 2026, reported Nov 4, 2026: actual —, estimate 133.9, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates463.11B382.19B301.26B220.34BQ1 '25MissQ2 '25MissQ3 '25BeatQ4 '25BeatQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Jan 31, 2025: actual 318.23B JPY, estimate 320.3B JPY, surprise -0.65%, Miss. Q2 2025, reported May 9, 2025: actual 357.72B JPY, estimate 358.47B JPY, surprise -0.21%, Miss. Q3 2025, reported Jul 29, 2025: actual 250.3B JPY, estimate 238.15B JPY, surprise +5.10%, Beat. Q4 2025, reported Oct 29, 2025: actual 321.12B JPY, estimate 296.85B JPY, surprise +8.18%, Beat. Q1 2026, reported Jan 30, 2026: actual 293.15B JPY, estimate 300.6B JPY, surprise -2.48%, Miss. Q2 2026, reported May 12, 2026: actual 317.7B JPY, estimate 334.1B JPY, surprise -4.91%, Miss. Q3 2026, reported Jul 31, 2026: actual 280.27B JPY, estimate 296.99B JPY, surprise -5.63%, Miss. Q4 2026, reported Nov 4, 2026: actual —, estimate 445.3B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥100

2025 complete year+33.3% since 2021

2026 partial: ¥50.00

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥50.00

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥55.00

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥50.00

Semi-Annual

Record Mar 31, 2026 · Payment Jun 26, 2026

Dividend

Ex-dividend Sep 29, 2025

¥50.00

Semi-Annual

Record Sep 30, 2025 · Payment Nov 28, 2025

Dividend

Ex-dividend Mar 28, 2025

¥50.00

Semi-Annual

Record Mar 31, 2025 · Payment Jun 27, 2025

Dividend

Ex-dividend Sep 27, 2024

¥50.00

Semi-Annual

Record Sep 30, 2024 · Payment Nov 29, 2024

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