June 2026
Proprietary AI analyst is now available
Largest Renewable Energy Public Companies in Japan
Benchmark revenue and EBITDA valuation multiples for public comps like
Kansai Electric Power, Tokyo Electric Power, J-Power, Tohoku Electric Power and Chugoku Electric Power.
 | Kansai Electric Power Co Inc is a Japan-based company that provides energy and information technology solutions. The company operates in four business segments. The Energy segment offers electricity, gas, and utility solutions. The Information and Communications segment provides comprehensive communication services. The Lifestyle/Business Solutions segment delivers consumer and business-related services. The Power Transmission and Distribution segment ensures a safe and reliable electricity supply from a neutral and fair standpoint. It generates the majority of its revenue from the Energy business segment. | $15 | +35% | $16B | $35B | 1.3x | 5.5x | ||
| Tokyo Electric Power Co Holdings is a Japan-based company engaged in the generation and distribution of electric power. The company operates through five segments. The Energy Partner segment provides optimal total solutions, customer services, and low-cost power procurement. The Fuel & Power segment focuses on thermal power generation, fuel procurement, and related investments. The Holdings segment provides management support, shared services, and oversees nuclear power operations. The Power Grid segment handles electricity transmission, transformation, distribution, and related facility construction and maintenance. The Renewable Power segment generates and sells renewable energy, manages facilities, and develops new renewable projects in Japan and overseas. | $3 | +12% | $5B | $39B | 0.9x | 9.9x | ||
| Electric Power Development Co Ltd is a Japanese electric utility company involved in the generation, transmission, distribution, and retail sale of energy. The company operates through four segments. The Power Generation segment covers hydro, thermal, and wind power generation, along with maintenance, operation, and electricity sales. The Power Transmission and Transformation segment focuses on grid and network operations. Electricity-related Businesses support generation and transmission activities to ensure smooth and efficient operations. The Overseas Business engages in power generation and related services abroad. It generates the majority of its revenue from the Power Generation Business segment. | $24 | +58% | $4B | $14B | 1.7x | 7.5x | ||
| Tohoku Electric Power Co Inc is engaged in the supply and distribution of electricity. The company operates through two reportable segments: Power Generation and Sales, which provides stable electricity from thermal, nuclear, and renewable energy sources and offers electricity retail and related services; and Power Transmission and Distribution, which provides neutral and fair electricity network services. It generates the majority of its revenue from the Power generation and sales business segment. | $6 | -6% | $3B | $18B | 1.1x | 6.0x | ||
| Chugoku Electric Power Co Inc is a Japanese electric utility company mainly serving the industrial region of Chugoku on the western end of Japan’s main island of Honshu. The company is involved in the generation, transmission, distribution, and supply of energy. Chugoku Electric owns and operates a portfolio of thermal, nuclear, and hydroelectric power plants located mainly in its home region. While majority of these energy-generating facilities are hydroelectric, the vast majority of the company’s total energy production comes from its thermal sites. It generates revenue mainly from the sale of electric power to commercial and industrial customers in Chugoku. The company also owns assets and offers consulting and training services throughout Southeast Asia. | $5 | +19% | $2B | $18B | 1.9x | 11.4x | ||
| Toyo Co Ltd along with its subsidiaries, is engaged in research and development, production, and sales of solar cells. Geographically, the company generates revenue from Asia and the USA, out of which the majority of revenue is generated from Asia. | $17 | +249% | $643M | $657M | 1.5x | 5.9x | ||
| West Holdings Corp is engaged in the solar power generation. The company generates solar power for municipalities, residential and industrial use. Its business activities are divided into different divisions including Stadtberg business, Solar power generation for municipalities, special high-pressure solar power generation, Industrial solar power generation, Residential solar power generation, O & M (operation and management), Sales of electricity and Esco Business. Stadtberg division provides consulting and operation support for infrastructure services centered on renewable energy. O & M division monitors the photovoltaic power plant and maintains the maximum amount of power generation. Its Esco division provides various energy-saving measures. | $15 | +45% | $604M | $927M | 3.0x | 12.8x | ||
| Environment Friendly Holdings Corp has three segments: Natural Resources & Energy, Reuse Business, and Environmental Business. The Natural Resources & Energy segment deals with biomass, sorghum, solar power development, electricity retail, and energy consulting. The Reuse Business involves selling new and used appliances, ICT platform and web system development, and cybersecurity services. The Environmental Business handles installation, maintenance, and repair of multi-story parking lots, as well as facility management for apartments and office buildings. | $0 | -18% | $103M | $106M | 11.8x | 70.6x | ||
| Abalance Corp is a Japan-based software company. It operates in three business divisions including Information technology (IT) division that provides outsourcing services and consulting, Solar power generation division is engaged in planning, manufacturing, import, export, and sale of products related to solar power generation system, smart grid system, and Construction machine sales business is engaged in the leasing and rental business of construction equipment in the Japan and overseas markets. | $3 | -26% | $59M | $164M | 0.4x | 2.3x | ||
| NIX Inc is engaged in planning, development, manufacture, and sale of parts like industrial plastic parts and plastic fasteners, mechanism parts, magazine racks storing, and label plastic machines. | $5 | -- | $13M | ($1M) | (0.0x) | (0.4x) | ||
| Median | $6 | +19% | $1B | $7B | 1.4x | 6.8x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.