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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedDec 04, 2025
DataAggregated Company Financials
Companies3947
  • 7D-0.7%
  • 3M7.6%
  • 1Y20.8%
  • YTD20.4%

In the last week, the market has been flat, with a notable exception in the Utilities sector dropping 6.0%. As for the longer term, the market has risen 21% in the past 12 months. Earnings are forecast to grow by 8.3% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Japanese Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 04 Dec 2025JP¥1129.6tJP¥1029.9tJP¥64.5t14x17.5x1.1x
Sat, 01 Nov 2025JP¥1137.2tJP¥1026.5tJP¥60.8t14.4x18.7x1.1x
Mon, 29 Sep 2025JP¥1095.4tJP¥1026.1tJP¥59.8t14.9x18.3x1.1x
Wed, 27 Aug 2025JP¥1058.2tJP¥1026.5tJP¥59.8t14.5x17.7x1x
Fri, 25 Jul 2025JP¥1022.5tJP¥1021.0tJP¥61.9t13.8x16.5x1x
Sun, 22 Jun 2025JP¥958.9tJP¥1029.0tJP¥63.5t13.2x15.1x0.9x
Tue, 20 May 2025JP¥955.1tJP¥1030.5tJP¥63.7t13x15x0.9x
Thu, 17 Apr 2025JP¥876.0tJP¥1021.5tJP¥64.2t12.3x13.6x0.9x
Sat, 15 Mar 2025JP¥945.4tJP¥1020.0tJP¥64.3t13.2x14.7x0.9x
Mon, 10 Feb 2025JP¥954.9tJP¥1017.3tJP¥64.9t13.3x14.7x0.9x
Wed, 08 Jan 2025JP¥969.9tJP¥1011.2tJP¥61.9t13.7x15.7x1x
Fri, 06 Dec 2024JP¥955.2tJP¥1008.5tJP¥61.8t13.5x15.5x0.9x
Sun, 03 Nov 2024JP¥929.2tJP¥1002.9tJP¥59.6t13.2x15.6x0.9x
Tue, 01 Oct 2024JP¥932.5tJP¥999.9tJP¥60.1t13.4x15.5x0.9x
Thu, 29 Aug 2024JP¥949.8tJP¥999.6tJP¥60.0t13.5x15.8x1x
Sat, 27 Jul 2024JP¥949.9tJP¥986.9tJP¥58.4t14.2x16.3x1x
Mon, 24 Jun 2024JP¥961.3tJP¥989.0tJP¥58.6t14.2x16.4x1x
Wed, 22 May 2024JP¥973.0tJP¥989.2tJP¥58.5t14.1x16.6x1x
Fri, 19 Apr 2024JP¥950.0tJP¥975.0tJP¥57.0t14.4x16.7x1x
Sun, 17 Mar 2024JP¥952.9tJP¥975.8tJP¥56.9t14.5x16.8x1x
Tue, 13 Feb 2024JP¥916.4tJP¥974.1tJP¥56.6t14.4x16.2x0.9x
Thu, 11 Jan 2024JP¥881.2tJP¥971.1tJP¥52.4t14.5x16.8x0.9x
Sat, 09 Dec 2023JP¥842.6tJP¥974.2tJP¥52.5t13.9x16x0.9x
Mon, 06 Nov 2023JP¥842.9tJP¥972.9tJP¥56.8t13.8x14.8x0.9x
Wed, 04 Oct 2023JP¥842.8tJP¥971.5tJP¥55.3t13.9x15.2x0.9x
Fri, 01 Sep 2023JP¥850.4tJP¥971.1tJP¥55.2t14.2x15.4x0.9x
Sun, 30 Jul 2023JP¥836.6tJP¥961.3tJP¥51.5t14.1x16.2x0.9x
Tue, 27 Jun 2023JP¥825.2tJP¥957.2tJP¥51.1t13.9x16.2x0.9x
Thu, 25 May 2023JP¥787.8tJP¥958.8tJP¥51.0t13.5x15.4x0.8x
Sat, 22 Apr 2023JP¥748.2tJP¥935.1tJP¥46.6t13x16x0.8x
Mon, 20 Mar 2023JP¥703.0tJP¥922.5tJP¥46.1t12.5x15.2x0.8x
Wed, 15 Feb 2023JP¥733.7tJP¥930.2tJP¥46.7t12.7x15.7x0.8x
Fri, 13 Jan 2023JP¥704.7tJP¥902.3tJP¥49.1t12.2x14.4x0.8x
Sun, 11 Dec 2022JP¥727.1tJP¥902.8tJP¥49.1t12.5x14.8x0.8x
Price to Earnings Ratio

14.8x


Total Market Cap: JP¥727.1tTotal Earnings: JP¥49.1tTotal Revenue: JP¥902.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 16x202320242025
Current Market PE
  • Investors are relatively neutral on the Japanese market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
  • The market is trading close to its 3-year average PE ratio of 16.0x.
Past Earnings Growth
  • The earnings for Japanese listed companies have grown 9.5% per year over the last three years.
  • Revenues for these companies have grown 4.5% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Japanese Market?

JP Market-0.71%
Tech1.73%
Financials1.16%
Materials0.28%
Industrials-0.097%
Telecom-1.66%
Consumer Discretionary-2.09%
Real Estate-2.15%
Energy-2.47%
Consumer Staples-2.70%
Healthcare-3.32%
Utilities-6.02%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 23.8x.
    • Analysts are expecting annual earnings growth of 13.5%, which is lower than the prior year's growth of 15.2% per year.
  • The Utilities sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Materials sector, expecting annual earnings growth of 15% over the next 5 years.
  • This is better than its past earnings growth rate of 6.9% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 2.9% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuationSector
9984 SoftBank GroupJP¥18.20k8.1%
+JP¥1.9t		100.1%PE8.2xTelecom
8306 Mitsubishi UFJ Financial GroupJP¥2.52k4.1%
+JP¥1.1t		38.2%PB1.4xFinancials
6954 FanucJP¥5.95k19.8%
+JP¥918.2b		49.5%PE35.3xIndustrials
8316 Sumitomo Mitsui Financial GroupJP¥4.90k4.8%
+JP¥830.1b		29.4%PB1.2xFinancials
8035 Tokyo ElectronJP¥33.82k5.1%
+JP¥751.8b		37.6%PE28.6xTech
See more

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6954
JP¥5,953.00
Fanuc
7D
19.8%
1Y
49.5%
6503
JP¥4,500.00
Mitsubishi Electric
7D
6.5%
1Y
69.7%
5803
JP¥16,950.00
Fujikura
7D
-6.4%
1Y
165.9%

Fujikura's (TSE:5803) Dividend Will Be ¥95.00

Dec 03
Fujikura's (TSE:5803) Dividend Will Be ¥95.00
8316
JP¥4,900.00
Sumitomo Mitsui Financial Group
7D
4.8%
1Y
29.4%

Sumitomo Mitsui Financial Group's (TSE:8316) Dividend Will Be Increased To ¥79.00

Dec 03
Sumitomo Mitsui Financial Group's (TSE:8316) Dividend Will Be Increased To ¥79.00
8267
JP¥2,622.50
Aeon
7D
-8.9%
1Y
114.6%
4568
JP¥3,572.00
Daiichi Sankyo Company
7D
-6.2%
1Y
-24.7%
6758
JP¥4,418.00
Sony Group
7D
-3.6%
1Y
39.5%

6758: Games And Subscription Content Will Drive Future Earnings Re-Rating

Analysts have nudged their price target on Sony Group modestly higher, reflecting a roughly 1 percent increase in fair value to about ¥5,150. They point to upgraded ratings, better than expected quarterly results, and growing confidence in the company’s games, music, and subscription businesses.
9984
JP¥18,200.00
SoftBank Group
7D
8.1%
1Y
100.1%
7974
JP¥12,875.00
Nintendo
7D
-2.2%
1Y
38.5%

Nintendo (TSE:7974) Will Pay A Larger Dividend Than Last Year At ¥139.00

Dec 03
Nintendo (TSE:7974) Will Pay A Larger Dividend Than Last Year At ¥139.00
8058
JP¥3,838.00
Mitsubishi
7D
4.5%
1Y
49.8%

Mitsubishi's (TSE:8058) Dividend Will Be ¥55.00

Dec 02
Mitsubishi's (TSE:8058) Dividend Will Be ¥55.00
6701
JP¥5,727.00
NEC
7D
-4.4%
1Y
121.1%

6701: Earnings and Merger Activity Will Guide Future Market Performance

Analysts have raised their fair value estimate for NEC from ¥5,445 to ¥5,860, citing modest improvements in profit margin expectations and future earnings multiples, even though revenue growth projections are slightly lower. What's in the News Broadcom announced plans to expand its strategic partnership with NEC Corporation, adopting VMware Cloud Foundation to modernize private cloud solutions and offer flexible hybrid cloud resources to customers (Client Announcements).
8035
JP¥33,820.00
Tokyo Electron
7D
5.1%
1Y
37.6%

Tokyo Electron's (TSE:8035) Dividend Will Be ¥269.00

Nov 29
Tokyo Electron's (TSE:8035) Dividend Will Be ¥269.00
6861
JP¥55,740.00
Keyence
7D
4.5%
1Y
-15.2%

Keyence's (TSE:6861) Dividend Will Be ¥275.00

Nov 27
Keyence's (TSE:6861) Dividend Will Be ¥275.00
7203
JP¥3,103.00
Toyota Motor
7D
-1.1%
1Y
17.9%

7203: Upcoming North Carolina Plant and Next-Gen Models Will Influence Performance Outlook

Toyota Motor Price Target Updated Amid Subtle Valuation Shifts Analysts have raised Toyota Motor's price target from ¥3,228 to ¥3,325, citing minor improvements in profit margin projections. This comes despite slightly lower expected revenue growth and a marginally higher discount rate.
8306
JP¥2,515.00
Mitsubishi UFJ Financial Group
7D
4.1%
1Y
38.2%

8306: Debt Financing Initiatives And Stake Accumulation Will Influence Forward Performance

Analysts have modestly raised their price target for Mitsubishi UFJ Financial Group from ¥2,453 to ¥2,469. They cite improved profit margins and a lower discount rate, despite expectations for slightly slower revenue growth.
9501
JP¥655.60
Tokyo Electric Power Company Holdings
7D
-17.1%
1Y
26.0%