The Kansai Electric Power Company, Incorporated (9503.T) stock analysis

In our weekly check, The Kansai Electric Power Company, Incorporated is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 5, red flags: 6.

About The Kansai Electric Power Company, Incorporated

The Kansai Electric Power Company, Incorporated is an Utilities company (Regulated Electric) based in Japan, listed on JPX as 9503.T.

What our checks show for 9503.T

Red flags

• Net debt is 4.9x a year of EBITDA (debt/equity 1.23). That limits room in a downturn and raises refinancing risk.
• The gross margin fell by 5.1 points, to 7.9%: costs are rising faster than prices.
• Analysts expect the net margin to shrink by 3.4 points from today's 10.1%.
• The stock has fallen as much as 87% from a peak. Would you have held through that?
• The share count grew by 24.8% in 2 years: each shareholder owns a smaller slice.
• Return on capital (ROCE) is only 4.1%.

Warning signs

• Analysts expect earnings per share to shrink about 7.8% a year.
• Analysts expect only about 3.2% a year of growth in revenue.
• Revenue grew only 1.6% a year over the last 3 years.
• Free cash flow is only 2.2% of revenue.
• The stock is still below its previous peak.

Strengths

• The net margin rose by 7.1 points over 5 years, to 10.1%.
• Operating cash flow is 1.56x net profit: the profit arrives as real cash.
• Earnings per share grew 167% a year over the last 3 years.
• Net profit grew 187% a year over the last 3 years.
• The price is 7.3 times earnings (P/E), reasonable for its growth.
• A large company: market value $19.41 billion.

Next earnings report: 2026-10-29

Similar companies

NTPC.BO · POWERGRID.NS · 9502.T

Questions

What grade does The Kansai Electric Power Company, Incorporated (9503.T) have?

In our weekly check, The Kansai Electric Power Company, Incorporated is graded C (A to F). Of 25 checks on debt, profit, cash flow and trend: 14 pass, warnings: 5, red flags: 6. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of 9503.T stock?

This week's biggest flags for The Kansai Electric Power Company, Incorporated: High debt, Gross margin falling, Margins expected to shrink. In total 11 of 25 checks show a warning or a red flag.

What does The Kansai Electric Power Company, Incorporated do?

The Kansai Electric Power Company, Incorporated is an Utilities company (Regulated Electric) based in Japan, listed on JPX as 9503.T.

When does The Kansai Electric Power Company, Incorporated report earnings next?

The next earnings report is expected on 2026-10-29. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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