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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedApr 07, 2026
DataAggregated Company Financials
Companies3906
  • 7D2.9%
  • 3M3.0%
  • 1Y56.9%
  • YTD4.6%

Over the last 7 days, the market has remained flat, although notably the Communication Services sector declined by 3.0%. Meanwhile, the market is actually up 45% over the past year. Earnings are forecast to grow by 9.9% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 07 Apr 2026JP¥1227.8tJP¥1038.4tJP¥65.6t14.5x18.7x1.2x
Thu, 05 Mar 2026JP¥1231.6tJP¥1040.4tJP¥65.7t14.5x18.7x1.2x
Sat, 31 Jan 2026JP¥1207.1tJP¥1027.3tJP¥64.9t14.7x18.6x1.2x
Mon, 29 Dec 2025JP¥1161.6tJP¥1029.2tJP¥64.3t14.4x18.1x1.1x
Wed, 26 Nov 2025JP¥1118.1tJP¥1030.9tJP¥64.5t13.9x17.3x1.1x
Fri, 24 Oct 2025JP¥1112.1tJP¥1025.7tJP¥59.8t14.7x18.6x1.1x
Sun, 21 Sep 2025JP¥1084.6tJP¥1026.6tJP¥59.8t14.8x18.1x1.1x
Tue, 19 Aug 2025JP¥1070.3tJP¥1022.4tJP¥60.0t14.4x17.9x1x
Thu, 17 Jul 2025JP¥972.3tJP¥1021.0tJP¥62.0t13.5x15.7x1x
Sat, 14 Jun 2025JP¥959.2tJP¥1034.9tJP¥63.7t13.1x15.1x0.9x
Mon, 12 May 2025JP¥954.9tJP¥1026.7tJP¥64.3t13.1x14.9x0.9x
Wed, 09 Apr 2025JP¥851.2tJP¥1021.0tJP¥64.1t11.9x13.3x0.8x
Fri, 07 Mar 2025JP¥956.1tJP¥1019.7tJP¥64.3t13.1x14.9x0.9x
Sun, 02 Feb 2025JP¥969.5tJP¥1011.9tJP¥63.0t13.5x15.4x1x
Tue, 31 Dec 2024JP¥971.2tJP¥1010.9tJP¥61.7t13.7x15.7x1x
Thu, 28 Nov 2024JP¥930.8tJP¥1008.2tJP¥61.7t13.3x15.1x0.9x
Sat, 26 Oct 2024JP¥919.6tJP¥1001.6tJP¥60.1t13x15.3x0.9x
Mon, 23 Sep 2024JP¥932.2tJP¥1000.0tJP¥60.1t13.4x15.5x0.9x
Wed, 21 Aug 2024JP¥940.8tJP¥999.3tJP¥60.0t13.4x15.7x0.9x
Fri, 19 Jul 2024JP¥1006.1tJP¥987.5tJP¥58.6t14.6x17.2x1x
Sun, 16 Jun 2024JP¥966.9tJP¥988.9tJP¥58.6t14.2x16.5x1x
Tue, 14 May 2024JP¥962.4tJP¥980.4tJP¥57.5t14.4x16.7x1x
Thu, 11 Apr 2024JP¥975.3tJP¥975.9tJP¥56.9t14.8x17.2x1x
Sat, 09 Mar 2024JP¥972.0tJP¥975.9tJP¥56.9t14.6x17.1x1x
Mon, 05 Feb 2024JP¥912.1tJP¥972.2tJP¥53.3t14.7x17.1x0.9x
Wed, 03 Jan 2024JP¥855.2tJP¥971.2tJP¥52.5t14.1x16.3x0.9x
Fri, 01 Dec 2023JP¥862.5tJP¥977.8tJP¥53.1t14.2x16.2x0.9x
Sun, 29 Oct 2023JP¥821.6tJP¥972.1tJP¥55.2t13.7x14.9x0.8x
Tue, 26 Sep 2023JP¥867.3tJP¥971.5tJP¥55.3t14.5x15.7x0.9x
Thu, 24 Aug 2023JP¥831.0tJP¥971.1tJP¥55.2t13.9x15.1x0.9x
Sat, 22 Jul 2023JP¥826.3tJP¥957.7tJP¥50.6t14x16.3x0.9x
Mon, 19 Jun 2023JP¥839.7tJP¥959.3tJP¥51.1t13.9x16.4x0.9x
Wed, 17 May 2023JP¥780.1tJP¥953.1tJP¥49.0t13.4x15.9x0.8x
Fri, 14 Apr 2023JP¥738.6tJP¥934.8tJP¥46.6t12.9x15.8x0.8x
Price to Earnings Ratio

15.8x


Total Market Cap: JP¥738.6tTotal Earnings: JP¥46.6tTotal Revenue: JP¥934.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 16.4x202420252026
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 18.7x which is higher than its 3-year average PE of 16.4x.
Past Earnings Growth
  • The earnings for Japanese listed companies have grown 12% per year over the last three years.
  • Revenues for these companies have grown 3.6% 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 Market2.88%
Tech4.56%
Financials4.50%
Materials2.96%
Consumer Discretionary2.65%
Industrials2.62%
Consumer Staples2.59%
Real Estate2.41%
Healthcare2.29%
Telecom0.67%
Utilities-0.76%
Energy-2.08%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 25.2x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 18.4%, which is higher than its past year's earnings growth of 11.3% per year.
  • The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 22.9x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 3.3% 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
8306 Mitsubishi UFJ Financial GroupJP¥2.80k7.9%
+JP¥2.3t		69.1%PB1.5xFinancials
285A Kioxia HoldingsJP¥23.29k22.1%
+JP¥2.3t		1,193.9%PE76.1xTech
7011 Mitsubishi Heavy IndustriesJP¥4.78k13.2%
+JP¥1.9t		106.7%PE51.6xIndustrials
8316 Sumitomo Mitsui Financial GroupJP¥5.43k8.4%
+JP¥1.6t		70.6%PB1.3xFinancials
6501 HitachiJP¥4.78k7.2%
+JP¥1.4t		55.7%PE26.1xIndustrials
See more

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Latest News

8035
JP¥38,370.00
Tokyo Electron
7D
-1.2%
1Y
124.9%

8035: Future Buybacks And Dividend Policy Will Support A Higher Share Price

Analysts have lifted their price target on Tokyo Electron from ¥54,000 to ¥62,000. This reflects updated assumptions that include a slightly higher discount rate, more moderate revenue growth and profit margin expectations, and a higher future P/E multiple of 38.93 versus the prior 25.55.
6501
JP¥4,719.00
Hitachi
7D
4.1%
1Y
75.2%

6501: Nuclear Project And Buybacks Will Drive Future Upside

Analysts have trimmed their average price target for Hitachi slightly to ¥5,807 from ¥5,869, reflecting small adjustments to assumptions around the discount rate, expected revenue growth, profit margins, and future P/E multiples. What's in the News President Donald Trump and Sanae Takaichi are reported to be preparing a ¥40 billion nuclear project announcement that references Hitachi, according to Bloomberg (Bloomberg).
3659
JP¥2,637.00
NEXON
7D
-9.9%
1Y
39.2%

3659: Post Correction Rebound Will Depend On Execution And Capital Return Delivery

Analysts have trimmed NEXON's fair value estimate while keeping a ¥3,000 price target in focus, pointing to a slightly lower assumed P/E multiple and discount rate, along with steady revenue growth and margin expectations following recent upgrades to Neutral and Outperform. Analyst Commentary Recent Street research on NEXON has centered on where the current share price sits versus updated fair value estimates, especially after the Q4 results and the share price moves that followed.
9984
JP¥3,648.00
SoftBank Group
7D
-1.2%
1Y
150.1%
7011
JP¥4,735.00
Mitsubishi Heavy Industries
7D
7.2%
1Y
129.2%
8058
JP¥5,405.00
Mitsubishi
7D
-4.7%
1Y
131.6%
8306
JP¥2,792.00
Mitsubishi UFJ Financial Group
7D
6.5%
1Y
86.7%

8306: Leadership Shift And Buybacks Will Support Stronger Future Upside

The analyst price target for Mitsubishi UFJ Financial Group has been raised from ¥2,596 to ¥3,060, with analysts pointing to updated assumptions for revenue growth, profit margin, discount rate and future P/E as the key drivers of this change. What's in the News A board meeting is scheduled for March 5, 2026, to consider changes in Representative Corporate Executives, which could affect the senior leadership mix at Mitsubishi UFJ Financial Group (Key Developments).
1605
JP¥4,512.00
Inpex
7D
-7.8%
1Y
165.6%

1605: Future Cash Flows And Beetaloo Development Will Support Shareholder Returns

Analysts have raised their price target on Inpex to ¥5,000 from ¥4,859, citing updated assumptions for future revenue growth, profit margins, and a lower forward P/E multiple, while also noting that some expect softer oil and gas prices ahead. Analyst Commentary Recent research on Inpex reflects a split view, with some analysts focusing on potential downside risks from softer oil and gas price assumptions and others pointing to valuation support and execution on current projects.
6098
JP¥6,940.00
Recruit Holdings
7D
9.9%
1Y
4.5%
8411
JP¥6,475.00
Mizuho Financial Group
7D
5.5%
1Y
121.4%

8411: Extended Buybacks And Earnings Guidance Will Likely Support Fair Value

The analyst price target for Mizuho Financial Group has shifted from about ¥6,753 to ¥6,920, reflecting updated assumptions on fair value, discount rate, revenue growth, profit margin and future P/E that analysts see as better aligning with their latest valuation work. What's in the News Mizuho Financial Group provided earnings guidance for the fiscal year ending March 31, 2026, projecting profit attributable to owners of parent of ¥1,130,000 million and earnings per share of common stock of ¥454.39 (company guidance).
7269
JP¥1,803.00
Suzuki Motor
7D
-3.3%
1Y
14.8%
8316
JP¥5,379.00
Sumitomo Mitsui Financial Group
7D
6.5%
1Y
87.5%
9531
JP¥7,224.00
Tokyo GasLtd
7D
-5.0%
1Y
61.5%
9843
JP¥2,366.00
Nitori Holdings
7D
-7.0%
1Y
-20.5%
285A
JP¥22,800.00
Kioxia Holdings
7D
13.9%
1Y
1,402.0%
9983
JP¥65,130.00
Fast Retailing
7D
5.7%
1Y
56.4%