Overview
Electric Power and Gas

The Kansai Electric Power Company,Incorporated

Kansai Electric Power is a vertically integrated energy and utility group operating across four core segments: Energy (electricity and gas supply, utility services), Transmission & Distribution (neutral and stable power grid operations via Kansai Electric Power Transmission and Distribution Co.), Information & Communications (comprehensive ICT services through subsidiary Optage Inc.), and Life & Business Solutions (real estate and lifestyle/business services). The company serves residential, commercial, and industrial customers primarily across the Kansai region of Japan. Its competitive strengths lie in its large-scale integrated infrastructure, diversified service portfolio, and deep regional market presence.

Market Cap
¥3,046B
US$19.4B
EV
¥6,070B
US$38.7B
Stock¥2,734▼-0.18%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
9.1
x
LTM EV/EBIT
18.3
x
LTM PER
7.3
x
LTM PBR
0.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-1.3%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 18, 26Continued asset sale expectations from Elliott
MC → EV Bridge
3,046BUS$19.4BMarket Cap4,378BUS$27.9B+ Debt534BUS$3.40B− Cash868BUS$5.54B− Inv. Sec.48.6BUS$310M+ NCI6,070BUS$38.7BEV
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Performance & Balance
Revenue 5Y (¥B)
2,852US$18.2B'22/33,952US$25.2B'23/34,059US$25.9B'24/34,337US$27.7B'25/34,057US$25.9B'26/3
EBITDA 5Y (¥B)
395US$2.52B'22/3254US$1.62B'23/31,056US$6.74B'24/3801US$5.11B'25/3776US$4.95B'26/3
Net Income 5Y (¥B)
85.8US$547M'22/317.7US$113M'23/3442US$2.82B'24/3420US$2.68B'25/3380US$2.42B'26/3
Capital Structure
45%
55%
EquityD/E 1.23xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
909US$5.80B4,042US$25.8B'22/3777US$4.96B5,020US$32.0B'23/31,157US$7.38B4,591US$29.3B'24/31,680US$10.7B4,489US$28.6B'25/31,606US$10.2B4,307US$27.5B'26/3
Shareholders
Top 10 hold 39.4%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
13.10%
2
City of Osaka
6.13%
3
Custody Bank of Japan, Ltd. (Trust Account)
4.89%
4
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
3.33%
5
ELLIOTT INTERNATIONAL LP (Standing Proxy: Citibank, N.A., Tokyo Branch)
2.99%
6
City of Kobe
2.45%
7
Nippon Life Insurance Company
1.72%
8
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.69%
9
The Kansai Electric Power Company,Incorporated Stock Ownership Association
1.61%
10
Goldman Sachs Japan Co., Ltd. BNYM
1.51%
Management
14 officers
Sadayuki SAKAKIBARA
Director, Chairman of the Board; Chair of Nomination Committee; Member of Compensation Committee
Jun 2002 President and Representative Director, Toray Industries, Inc. Jun 2010 Chairman and Representative Director, Toray Industries, Inc. Jun 2014 Chairman, Japan Business Federation (Keidanren) Jun 2014 Director and Chairman, Toray Industries, Inc. Jun 2015 Senior Adviser and Supreme Adviser, Toray Industries, Inc. Jun 2017 Senior Adviser, Toray Industries, Inc. May 2018 Honorary Chairman, Japan Business Federation (Keidanren) (current) Jun 2018 Special Adviser, Toray Industries, Inc. (retired Jun 2019) Jun 2020 Chairman of the Board, Outside Director, Kansai Electric Power Co., Inc. (current)
1943-03-22
Hiroshi TOMONO
Director; Chair of Audit Committee
Jun 2005 President and Representative Director, Sumitomo Metal Industries, Ltd. Oct 2012 President, Representative Director and COO, Nippon Steel & Sumitomo Metal Corporation Apr 2014 Vice Chairman and Representative Director, Nippon Steel & Sumitomo Metal Corporation Apr 2015 Director and Adviser, Nippon Steel & Sumitomo Metal Corporation Jun 2015 Adviser, Nippon Steel & Sumitomo Metal Corporation Apr 2019 Adviser, Nippon Steel Corporation (name changed) Jun 2020 Corporate Adviser, Nippon Steel Corporation (current) Jun 2020 Outside Director, Kansai Electric Power Co., Inc. (current)
1945-07-13
Fumio NAITO
Director; Member of Audit Committee
Apr 1990 Associate Professor, Faculty of Business Administration, Kobe University Apr 1997 Professor, Faculty of Business Administration, Kobe University Apr 1999 Professor, Graduate School of Business Administration, Kobe University Apr 2006 Professor Emeritus, Kobe University (current) Apr 2006 Professor, Faculty of Business Administration, Konan University Jun 2020 Outside Director, Kansai Electric Power Co., Inc. (current) Apr 2025 Professor Emeritus, Konan University (current)
1956-11-11
Seishi MANABE
Director; Member of Nomination Committee; Chair of Compensation Committee
May 2012 President, Representative Director and Executive Officer, West Japan Railway Company Jun 2016 Director and Chairman, West Japan Railway Company Jun 2021 Adviser, West Japan Railway Company (current) Jun 2023 Outside Director, Kansai Electric Power Co., Inc. (current)
1953-10-21
Kiyoshi SONO
Director; Member of Nomination Committee; Member of Audit Committee
May 2014 Director and Vice Chairman, The Bank of Tokyo-Mitsubishi UFJ, Ltd. Jun 2014 Chairman of the Board, Mitsubishi UFJ Financial Group, Inc. Jun 2015 Chairman and Representative Executive Officer, Mitsubishi UFJ Financial Group, Inc. Jun 2017 Director, Vice Chairman and Executive Officer, The Bank of Tokyo-Mitsubishi UFJ, Ltd. Apr 2018 Director, Vice Chairman and Executive Officer, MUFG Bank, Ltd. (name changed) Apr 2019 Chairman of the Board, MUFG Bank, Ltd. Apr 2019 Director and Executive Managing Officer, Mitsubishi UFJ Financial Group, Inc. Jun 2019 Managing Executive Officer, Mitsubishi UFJ Financial Group, Inc. (retired Apr 2021) Apr 2021 Special Adviser, MUFG Bank, Ltd. (current) Jun 2024 Outside Director, Kansai Electric Power Co., Inc. (current)
1953-04-18
Noriyo YAHAGI
Director; Member of Compensation Committee
Apr 2018 Assistant General Manager, Market Operations Department, Marubeni Corporation (resigned Mar 2020) Apr 2020 Supervisor for Public Relations and Exchange Policy, City of Sanda, Hyogo Prefecture (resigned Mar 2023) Mar 2023 Director, Expo Sakuyahime Council, General Incorporated Association (current) Jun 2024 Outside Director, Kansai Electric Power Co., Inc. (current)
1959-12-18
Etsuko HARA
Director; Member of Audit Committee
Oct 2001 Registered as attorney-at-law in Japan (current) Apr 2007 Registered as attorney in the State of New York (current) Jan 2011 Partner, Anderson Mori & Tomotsune Jan 2021 Partner, Anderson Mori & Tomotsune Foreign Law Joint Enterprise (office name changed) (current) Jun 2025 Outside Director, Kansai Electric Power Co., Inc. (current)
1974-10-18
Nobuhiro ENDO
Director; Member of Compensation Committee
Apr 2010 President, Representative Director and Executive Officer, NEC Corporation Apr 2016 Chairman, Representative Director, NEC Corporation Jun 2019 Chairman and Director, NEC Corporation Jun 2022 Special Adviser, NEC Corporation (current) Jun 2026 Outside Director, Kansai Electric Power Co., Inc. (current)
1953-11-08
Naomi MOTOJIMA
Director; Member of Nomination Committee
Apr 2018 Executive Officer (in charge of DE&I), MS&AD Insurance Group Holdings, Inc.; Executive Officer, Mitsui Sumitomo Insurance Company, Limited Jun 2018 President and Representative Director, MS&AD Ability Works Co., Ltd. (resigned Mar 2020) Apr 2021 Managing Executive Officer, General Manager of Claims Support Headquarters, Mitsui Sumitomo Insurance Company, Limited Apr 2023 Managing Executive Officer (in charge of Sustainability and DE&I), Mitsui Sumitomo Insurance Company, Limited (retired Mar 2024) Managing Executive Officer (Group CSuO, in charge of DE&I), MS&AD Insurance Group Holdings, Inc. (retired Mar 2026) Jun 2026 Outside Director, Kansai Electric Power Co., Inc. (current)
1963-08-21
Nozomu MORI
Director
Apr 1988 Joined Kansai Electric Power Co., Inc. Jun 2018 Executive Officer, General Manager of Electricity Supply-Demand and Transaction Promotion Office Jul 2019 Executive Officer, Deputy General Manager of Energy Supply-Demand Headquarters, in charge of Supply-Demand Planning and Electricity Trading Oct 2019 Managing Executive Officer, General Manager of Renewable Energy Business Headquarters and Regional Energy Headquarters Jun 2020 Executive Managing Officer Jun 2021 Director, Representative Executive Vice President Jun 2022 Director, Representative Executive President (current) Feb 2026 Chairman, Federation of Electric Power Companies of Japan (current)
1962-06-06
Hiroshi OGAWA
Director
Apr 1988 Joined Kansai Electric Power Co., Inc. Jun 2020 Executive Officer, General Manager of Energy and Environment Planning Office Jun 2022 Executive Managing Officer Jun 2024 Director, Representative Executive Vice President (current)
1965-07-04
Toru TANAKA
Director
Apr 1990 Joined Kansai Electric Power Co., Inc. Jul 2021 Executive Officer, General Manager of Accounting Office Jun 2023 Executive Managing Officer Jun 2026 Director, Representative Executive Vice President (current)
1967-02-18
Nobuhiro NISHIZAWA
Director; Member of Audit Committee
Apr 1982 Joined Kansai Electric Power Co., Inc. Jun 2016 Executive Officer, General Manager of Accounting Office Jun 2019 Managing Executive Officer, General Manager of Procurement Headquarters; in charge of Nuclear Fuel Cycle Office (Fuel Cycle Business) and Accounting Office Jun 2020 Executive Managing Officer Jun 2022 Director, Representative Executive Vice President Jun 2023 Director (current)
1959-08-02
Makoto ARAKI
Director; Member of Audit Committee
Apr 1987 Joined Kansai Electric Power Co., Inc. Jun 2016 Executive Officer, General Manager of IT Strategy Office Jun 2017 Executive Officer; Representative Director and Executive Vice President, K-Opticom Corporation Jun 2018 Executive Officer; President and Representative Director, K-Opticom Corporation Apr 2019 Executive Officer; President and Representative Director, Optage Inc. (name changed) (retired Jun 2021) Jun 2021 Executive Managing Officer Jun 2023 Director, Representative Executive Vice President Jun 2026 Director (current)
1963-02-15
Large Shareholding Reports
City of Osaka
2026-05-01
7.27%→6.12%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 6.13%
City of Osaka
2026-04-06
7.27%→6.12%
Annual report (as of 2026-03-31): 6.13%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-06-24
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2026-06-24
Amended Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2026-06-24
Amended Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2026-06-24
Amended Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-05-01
Change Report
EDINET
2026-04-30
中期経営計画
EDINET
2026-04-06
Large Shareholding Report
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-30
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINETAmended
2024-11-26
Amended Securities Registration Statement
EDINETAmended
2024-11-26
Amended Securities Registration Statement
EDINET
2024-11-13
Securities Registration Statement
EDINET
2024-11-13
Securities Registration Statement
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-30
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINETAmended
2022-06-29
Amended Annual Securities Report
EDINET
2022-06-29
Annual Securities Report
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