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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedDec 08, 2025
DataAggregated Company Financials
Companies3949
  • 7D-0.6%
  • 3M6.6%
  • 1Y22.3%
  • YTD21.4%

The market has been flat in the last week, however the Utilities sector is down 7.4%. Meanwhile, the market is actually up 22% over the past year. Looking forward, 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
Mon, 08 Dec 2025JP¥1138.8tJP¥1030.1tJP¥64.2t14x17.7x1.1x
Wed, 05 Nov 2025JP¥1129.9tJP¥1027.9tJP¥61.3t14.4x18.4x1.1x
Fri, 03 Oct 2025JP¥1056.5tJP¥1023.7tJP¥59.7t14.3x17.7x1x
Sun, 31 Aug 2025JP¥1061.4tJP¥1026.5tJP¥59.8t14.5x17.7x1x
Tue, 29 Jul 2025JP¥1008.3tJP¥1020.9tJP¥61.6t13.8x16.4x1x
Thu, 26 Jun 2025JP¥962.5tJP¥1029.5tJP¥63.6t13.3x15.1x0.9x
Sat, 24 May 2025JP¥952.3tJP¥1032.3tJP¥63.7t12.8x14.9x0.9x
Mon, 21 Apr 2025JP¥897.8tJP¥1021.5tJP¥64.3t12.6x14x0.9x
Wed, 19 Mar 2025JP¥967.3tJP¥1020.1tJP¥64.4t13.4x15x0.9x
Fri, 14 Feb 2025JP¥965.7tJP¥1017.6tJP¥63.8t13.4x15.1x0.9x
Sun, 12 Jan 2025JP¥945.7tJP¥1009.6tJP¥61.9t13.5x15.3x0.9x
Tue, 10 Dec 2024JP¥953.1tJP¥1009.4tJP¥61.8t13.5x15.4x0.9x
Thu, 07 Nov 2024JP¥948.5tJP¥1001.5tJP¥59.3t13.3x16x0.9x
Sat, 05 Oct 2024JP¥947.8tJP¥1000.1tJP¥60.1t13.5x15.8x0.9x
Mon, 02 Sep 2024JP¥956.4tJP¥999.7tJP¥60.0t13.6x15.9x1x
Wed, 31 Jul 2024JP¥967.9tJP¥987.2tJP¥58.5t14.3x16.5x1x
Fri, 28 Jun 2024JP¥983.4tJP¥988.6tJP¥58.6t14.5x16.8x1x
Sun, 26 May 2024JP¥965.8tJP¥988.0tJP¥58.6t14x16.5x1x
Tue, 23 Apr 2024JP¥932.2tJP¥975.0tJP¥57.0t14.2x16.4x1x
Thu, 21 Mar 2024JP¥981.0tJP¥976.6tJP¥56.9t14.7x17.2x1x
Sat, 17 Feb 2024JP¥938.6tJP¥976.7tJP¥56.9t14.3x16.5x1x
Mon, 15 Jan 2024JP¥897.5tJP¥971.2tJP¥52.5t14.4x17.1x0.9x
Wed, 13 Dec 2023JP¥852.2tJP¥974.3tJP¥52.5t14x16.2x0.9x
Fri, 10 Nov 2023JP¥847.9tJP¥973.8tJP¥56.4t13.9x15x0.9x
Sun, 08 Oct 2023JP¥824.4tJP¥971.2tJP¥55.2t13.9x14.9x0.8x
Tue, 05 Sep 2023JP¥864.0tJP¥971.1tJP¥55.2t14.4x15.6x0.9x
Thu, 03 Aug 2023JP¥839.1tJP¥963.4tJP¥52.8t14.1x15.9x0.9x
Sat, 01 Jul 2023JP¥835.8tJP¥957.3tJP¥51.1t14x16.4x0.9x
Mon, 29 May 2023JP¥784.8tJP¥958.8tJP¥51.1t13.4x15.4x0.8x
Wed, 26 Apr 2023JP¥751.0tJP¥935.1tJP¥46.6t13.1x16.1x0.8x
Fri, 24 Mar 2023JP¥709.6tJP¥932.7tJP¥46.1t12.6x15.4x0.8x
Sun, 19 Feb 2023JP¥733.6tJP¥933.1tJP¥46.5t12.6x15.8x0.8x
Tue, 17 Jan 2023JP¥695.9tJP¥902.0tJP¥49.1t12.1x14.2x0.8x
Thu, 15 Dec 2022JP¥732.8tJP¥902.8tJP¥49.1t12.6x14.9x0.8x
Price to Earnings Ratio

14.9x


Total Market Cap: JP¥732.8tTotal 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 optimistic on the Japanese market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 17.7x which is higher than its 3-year average PE of 16.0x.
Past Earnings Growth
  • The earnings for Japanese listed companies have grown 9.4% 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-0.64%
Financials2.21%
Telecom0.92%
Tech0.78%
Industrials0.02%
Materials-0.71%
Energy-2.40%
Healthcare-2.41%
Consumer Discretionary-2.76%
Consumer Staples-3.26%
Real Estate-3.26%
Utilities-7.43%
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 13.6%, 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 4.3% 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¥18.66k12.8%
+JP¥2.9t		102.1%PE8.4xTelecom
7011 Mitsubishi Heavy IndustriesJP¥4.21k7.8%
+JP¥1.0t		83.4%PE53.7xIndustrials
6954 FanucJP¥5.91k17.2%
+JP¥810.9b		47.5%PE35xIndustrials
6503 Mitsubishi ElectricJP¥4.62k9.0%
+JP¥783.8b		78.2%PE23.9xIndustrials
8035 Tokyo ElectronJP¥33.16k4.8%
+JP¥701.4b		39.6%PE28.1xTech
See more

Market Insights

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Latest News

9984
JP¥18,580.00
SoftBank Group
7D
12.4%
1Y
101.3%
7011
JP¥4,204.00
Mitsubishi Heavy Industries
7D
7.7%
1Y
83.2%

7011: Updated Guidance And Margins Will Support Balanced Returns Ahead

Analysts have inched up their price target for Mitsubishi Heavy Industries by approximately ¥23.00 per share, as slightly stronger long term margin expectations and modestly higher valuation multiples are seen as more than offsetting a small downgrade to revenue growth assumptions and a marginally higher discount rate. What's in the News Mitsubishi Heavy Industries revised its consolidated earnings guidance for the fiscal year ending March 31, 2026, now expecting revenue of JPY 4,800,000 million and profit attributable to owners of the parent of JPY 230,000 million, reflecting stronger than expected performance in the first half of fiscal 2025 (company guidance).
7974
JP¥12,340.00
Nintendo
7D
-5.5%
1Y
33.9%
5803
JP¥18,475.00
Fujikura
7D
13.0%
1Y
198.6%
6954
JP¥5,916.00
Fanuc
7D
17.4%
1Y
47.7%
6503
JP¥4,616.00
Mitsubishi Electric
7D
9.0%
1Y
78.2%
8267
JP¥2,364.50
Aeon
7D
-14.7%
1Y
90.9%
4568
JP¥3,441.00
Daiichi Sankyo Company
7D
-9.9%
1Y
-25.0%
6758
JP¥4,299.00
Sony Group
7D
-2.6%
1Y
34.1%

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.
3382
JP¥2,069.50
Seven & i Holdings
7D
-3.5%
1Y
-18.9%
2914
JP¥5,742.00
Japan Tobacco
7D
-2.1%
1Y
36.5%

2914: Executive Changes And Dividend Increase Will Drive Steady Performance

Analysts have raised their fair value estimate for Japan Tobacco from ¥5,240 to ¥5,440. This change reflects increased confidence in revenue growth and profitability projections.
7269
JP¥2,341.00
Suzuki Motor
7D
-3.7%
1Y
41.7%

Suzuki Motor's (TSE:7269) Shareholders Will Receive A Bigger Dividend Than Last Year

Nov 30
Suzuki Motor's (TSE:7269) Shareholders Will Receive A Bigger Dividend Than Last Year
8035
JP¥33,110.00
Tokyo Electron
7D
4.7%
1Y
39.4%

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

Nov 29
Tokyo Electron's (TSE:8035) Dividend Will Be ¥269.00
6861
JP¥54,910.00
Keyence
7D
4.7%
1Y
-15.2%

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

Nov 27
Keyence's (TSE:6861) Dividend Will Be ¥275.00
285A
JP¥10,155.00
Kioxia Holdings
7D
14.3%
1Y
n/a
7203
JP¥3,048.00
Toyota Motor
7D
-1.1%
1Y
15.2%

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.