Revenue distribution by sectors:

• Power generation: approx. 70%
• Renewable energies: approx. 20%
• Other services: approx. 10%

TOP 3 markets and their percentage shares:

• Japan: approx. 60%
• Southeast Asia: approx. 25%
• North America: approx. 15%

Electric Power Development Co., Ltd., also known as J-POWER, is mainly active in the field of power generation, with a significant portion of revenue coming from traditional power plants. In recent years, however, the company has increased its investments in renewable energies to support the global sustainability trend.

Japan remains the main market for J-POWER, supported by strong domestic energy demand. Southeast Asia and North America are also significant markets, strengthened by strategic investments and partnerships in the region.

Production Sites: Japan, Thailand, Indonesia, USA

Electric Power Development Co., Ltd., also known as J-POWER, mainly produces in Japan, where it operates numerous power plants. In addition, the company has expanded its international activities and also operates production facilities in Thailand, Indonesia, and the USA. This expansion enables J-POWER to strengthen its market presence and benefit from various energy sources worldwide.

Strategy for Future Growth:

1. Expansion of Renewable Energies: Electric Power Development Co., Ltd. plans to significantly increase the share of renewable energies in their portfolio. This includes investments in wind and solar power plants both domestically and internationally.

2. Technological Innovations: The company relies on technological advancements to enhance the efficiency of their existing power plants and reduce emissions. This involves the use of advanced technologies for carbon capture and storage.

3. International Expansion: Electric Power Development Co., Ltd. aims to expand into emerging markets to benefit from the rising energy demand there. This is achieved through strategic partnerships and joint ventures.

This strategy aims to strengthen the company's market position while responding to global trends of decarbonization and sustainable energy generation.

Main raw materials: Coal, natural gas, uranium

Import countries:

• Coal: Australia, Indonesia
• Natural gas: Qatar, Malaysia
• Uranium: Canada, Kazakhstan

Electric Power Development Co., Ltd., also known as J-Power, mainly imports coal, natural gas, and uranium for their energy production. Australia and Indonesia are the main suppliers of coal, as these countries have large coal reserves and are geographically well located.

For natural gas, J-Power primarily sources its supplies from Qatar and Malaysia. These countries are leading in the production of liquefied natural gas (LNG), which is suitable for transportation over long distances.

Uranium is mainly imported from Canada and Kazakhstan, as these countries are among the largest uranium producers globally and provide reliable supply chains. These raw materials are crucial for J-Power's energy production to ensure a stable and continuous supply.

Market share: 10% (estimated 2025)
Return on equity: 8.5% (2024)
EBITDA margin: 18% (2024)

Electric Power Development Co., Ltd., also known as J-POWER, has a moderate competitive advantage in the energy sector, especially in Japan. The company benefits from a diversified energy generation structure that includes both conventional and renewable energy sources. This allows for some stability in a volatile market environment.

The return on equity of 8.5% indicates solid profitability, which, however, has room for improvement compared to industry leaders. The EBITDA margin of 18% suggests an efficient cost structure that helps the company remain competitive.

J-POWER's investments in renewable energy and international projects strengthen its market position. Nevertheless, competition remains intense, particularly due to the pressure to reduce CO2 emissions and drive the energy transition. In the long term, J-POWER's success will depend on how effectively the company implements its decarbonization strategy and integrates new technologies.

Institutional Investor Share: approximately 45% (estimated for 2025)

Insider Purchases/Sales: No significant changes reported (as of 2025)

The institutional investor share in Electric Power Development Co., Ltd. is around 45%. This demonstrates the confidence of institutional investors in the company's stability and growth potential.

Regarding insider activities, there have been no significant purchases or sales indicating a substantial change in management or insider confidence in the company's future development. This can be seen as a sign of a stable internal assessment of the company's situation.

Market share of Electric Power Development Co., Ltd. (J-POWER): Estimate: approximately 5-7% (2025)

Major competitors and their market shares:

1. Tokyo Electric Power Company Holdings, Inc. (TEPCO): around 25%
2. Kansai Electric Power Co., Inc.: around 15%
3. Chubu Electric Power Co., Inc.: around 10%
4. Tohoku Electric Power Co., Inc.: around 8%
5. Kyushu Electric Power Co., Inc.: around 7%
6. Electric Power Development Co., Ltd. (J-POWER): approximately 5-7%
7. Hokkaido Electric Power Co., Inc.: around 4%
8. Shikoku Electric Power Co., Inc.: around 3%

Moat of J-POWER:

J-POWER has a moderate moat, mainly attributed to its expertise in hydropower and strategic investments in renewable energy. The company has increasingly focused on expanding wind and solar power plants in recent years, giving it an advantage in diversifying its energy portfolio.

However, compared to larger competitors like TEPCO or Kansai Electric, which have more extensive resources and a broader customer base, J-POWER's moat is less pronounced. These larger companies benefit from a stronger market presence and better infrastructure, providing them with a significant competitive edge.

In summary, while J-POWER has specific strengths, particularly in the renewable energy sector, it has a smaller moat compared to industry leaders. Competitors often have better access to capital and a larger customer base, strengthening their market position.

Revenue Growth: 4.8% (2024) Profit Growth: 3.2% (2024) Debt Ratio: 65% (2024)

Electric Power Development Co., Ltd. recorded a moderate revenue growth of 4.8% in 2024. This indicates stable demand for their services, especially in a developing energy market. The profit growth of 3.2% shows that the company is able to effectively manage its operating costs and increase its profitability.

The debt ratio of 65% is relatively high, indicating significant indebtedness. This could pose a risk in an environment of rising interest rates, as financing costs could increase. However, the high debt could also suggest investments in renewable energy or infrastructure projects that offer long-term growth potential.

Overall, Electric Power Development Co., Ltd.'s stock could be a good investment if one believes in the long-term growth opportunities in the energy sector and is willing to accept the risk of indebtedness. However, a detailed analysis of the company's strategic projects and market position would be advisable to make an informed investment decision.

Dividend Yield: 4.2% (2025, estimated)
Dividend History: Continuous payout over the last 5 years

Electric Power Development Co., Ltd., also known as J-POWER, has pursued a consistent dividend policy in recent years. The dividend yield is currently estimated at 4.2%, which is competitive compared to other companies in the energy sector.

The reliability of the payout is supported by the stable earnings and strategic direction of the company. J-POWER has proven in the past that it is able to pay dividends to its shareholders even in economically challenging times. Analysts expect the company to maintain its dividend policy unless significant market changes occur.