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  3. •

    Renewable Utilities
Electric Power Development Co., Ltd.

Electric Power Development Co., Ltd.

EPWDF
Electric Power Development Co., Ltd.US flagOther OTC
15.39
USD
- -
- -
2.71BMarket Cap
Electric Power Development Co., Ltd.
EPWDF
(Other OTC)

Recent

price

15.39

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
3,895.18
4,238.34
4,362.49
4,372.18
4,710.63
4,941.35
4,261.52
4,066.68
4,677.71
4,902.32
4,991.99
4,966.69
5,925.33
10,069.06
6,879.26
7,199.89
3,425.31
Revenue per Share
194.26
130.51
107.38
198.65
191.23
284.42
218.96
226.33
373.93
252.68
230.96
121.85
380.7
621.49
425.3
505.64
273.65
Basic EPS, GAAP
1,127.26
1,007.88
838.98
798.3
813.79
973.05
798.31
630.65
875.78
810.84
869.96
917.57
701.35
851.87
1,389.09
1,368.89
- -
Free Cash Flow per Basic Share
70
70
69.99
69.98
70
69.15
69.99
69.99
69.98
75
74.99
75
74.98
80.07
95.07
105.05
- -
Dividend per Share
2,719.65
2,780.17
2,817.58
2,946.23
3,067.48
3,420.27
2,955.04
3,111.84
3,415.78
3,593.45
3,749.44
3,796.29
4,102.5
4,646.62
4,978.68
5,379.06
5,190.32
Book Value per Share
2,765.56
2,765.01
2,707.01
3,024.86
3,461.98
4,583.7
3,689.88
4,173.84
4,567.76
4,619.43
4,683.94
4,663.72
5,266.94
6,520.25
7,290.14
8,002.77
7,851.83
Tangible Book Value per Share
150
150
150
150
150
152
183
183
183
183
183
183
183
183
183
183
183
Basic Weighted Avg Shares
584,483
635,975
654,600
656,055
706,834
750,626
780,071
744,401
856,251
897,365
913,774
909,143
1,084,620
1,841,921
1,257,996
1,316,673
626,403
Sales/Revenue/Turnover
8.37
11.1
7.61
8.32
8.37
9.71
11.27
10.98
12.19
8.79
9.15
8.55
8.02
9.98
8.4
10.5
9.69
Operating Margin (%)
120,313
111,644
105,271
95,254
91,408
93,309
94,582
75,660
82,298
79,979
83,009
96,445
96,997
107,642
110,313
116,405
- -
Depreciation Expense
29,149
19,583
16,113
29,808
28,694
43,206
40,081
41,429
68,448
46,252
42,277
22,304
69,687
113,689
77,774
92,469
50,043
Net Income, GAAP
31.24
59.02
52.12
34.45
34.96
28.22
30.61
31.99
16.57
19.26
18.28
51.78
- -
30.33
28.55
26.81
26.74
Effective Tax Rate (%)
4.99
3.08
2.46
4.54
4.06
5.76
5.14
5.57
7.99
5.15
4.63
2.45
6.43
6.17
6.18
7.02
7.99
Profit Margin (%)
-117,561
-107,836
-118,150
-118,599
-107,074
54,672
4,341
-9,134
72,701
66,291
28,397
91,644
55,864
289,283
340,999
260,354
316,600
Working Capital
1,271,619
1,236,904
1,238,304
1,304,889
1,433,836
1,524,604
1,442,834
1,386,544
1,430,402
1,468,367
1,472,580
1,549,828
1,548,368
1,669,143
1,662,600
1,653,156
1,705,713
LT Debt
414,981
414,898
406,193
453,886
519,473
696,296
675,433
764,017
836,123
845,582
857,385
853,684
964,103
1,192,741
1,333,133
1,463,498
1,435,903
Total Equity
1.93
1.68
1.34
1.86
1.84
2.26
2.56
2.35
3.61
2.58
2.72
1.47
- -
4.36
2.38
3.07
1.34
Return on Invested Capital (%)
2.61
1.91
1.52
2.34
2.25
2.85
2.74
2.61
3.49
2.55
2.22
1.04
- -
4.69
3.24
3.62
1.88
Return on Capital (%)
7.31
4.75
3.84
6.89
6.36
8.82
7.56
7.46
11.46
7.21
6.29
3.23
9.64
14.2
8.84
9.76
5.51
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
204,479
- -
234,498
LT Borrowings
1,661,390
- -
1,704,481
LT Finance Leases
1,210
- -
1,232
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
183
- -
183
Market Capitalization
420,119
446,589
398,766

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
690,254
- -
719,123
Cash, Cash Equivalents & STI
431,960
- -
418,656
Accounts Receivable, Net
98,119
- -
136,644
Inventories
80,059
- -
71,107
Total Current Liabilities
349,255
- -
402,523
Payables & Accruals
- -
- -
- -
ST Debt
204,479
- -
234,498
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.99%
11.55%
9.78%
Free Cash Flow
8.14%
12.97%
-1.45%
Net Income, GAAP
23.6%
43.13%
18.89%
Sales/Revenue/Turnover
8.26%
12.31%
4.66%
Total Cash Common Dividend
- -
7.18%
10.49%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
281,381
350,212
329,249
297,154
1,257,996
2025
- -
- -
- -
- -
1,316,673
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
96.31
- -
- -
- -
425.3
2025
- -
- -
- -
- -
505.64
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
95.07
2025
- -
- -
- -
- -
105.05
2026
- -
- -
- -
- -
- -
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Business
Electric Power Development Co., Ltd. (J-POWER) is a Japan-based electric utility company engaged primarily in the development, generation, and sale of electric power. Its main products and services include hydroelectric power generation through 60 owned plants with a capacity of 8,577 MW; wind power with 477 MW capacity; geothermal power with 38 MW capacity; thermal power generation with 8,810 MW capacity; as well as solar, biomass, and nuclear power operations. The company also provides welfare facility management, building maintenance services, administrative and labor services, and computer software development. Additionally, J-POWER offers extensive engineering, consulting, design, construction, and maintenance services for power generation and transmission infrastructure, coal unloading and transportation for thermal plants, fly ash sales, marine transportation related to power generation, environmental research and planning, and production and sales of fertilizers derived from coal ash. Founded in 1952 and headquartered in Tokyo, Japan, J-POWER operates domestically and internationally across electric power and electric power-related business segments. It serves a broad market including industrial, commercial, and government customers. Recent major company changes include the full acquisition of Genex Power Limited, an Australian renewable energy company, completed in July 2024, expanding its renewable energy portfolio. The acquisition involved a significant cash investment and made Genex a wholly owned subsidiary. This deal aligns with J-POWER’s strategic expansion in renewable energy and international markets. Additionally, the company is advancing a treasury share buyback plan as of late 2025. J-POWER’s energy portfolio diversification and its integrated services in power plant operation, facility management, engineering, and environmental solutions position it as a comprehensive provider in the independent power producer and energy trading industry within Japan and overseas. The company also focuses on technological advancements and operational excellence to enhance efficiency and environmental sustainability.