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Japanese (NIKKEI) Financials Sector Analysis

UpdatedJun 26, 2026
DataAggregated Company Financials
Companies199
  • 7D-4.7%
  • 3M11.3%
  • 1Y58.5%
  • YTD21.2%

In the last week, the Financials industry is down 4.7% with Mitsubishi UFJ Financial Group down the most at 4.2%. On the other hand Tokyo Kiraboshi Financial Group is actually up 14%. This takes the industry's 12 month performance to a gain of 58%. Looking forward, earnings are forecast to grow by 7.2% annually.

Sector Valuation and Performance

Has the Japanese Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 26 Jun 2026JP¥197.2tJP¥102.8tJP¥14.2t13.8x13.9x1.9x
Sun, 24 May 2026JP¥193.5tJP¥102.6tJP¥14.3t13.8x13.5x1.9x
Tue, 21 Apr 2026JP¥181.8tJP¥94.6tJP¥11.8t14.1x15.4x1.9x
Thu, 19 Mar 2026JP¥174.6tJP¥94.6tJP¥11.8t13.8x14.8x1.8x
Sat, 14 Feb 2026JP¥191.6tJP¥93.6tJP¥11.3t14.4x17x2x
Mon, 12 Jan 2026JP¥164.7tJP¥90.3tJP¥10.6t13.4x15.6x1.8x
Wed, 10 Dec 2025JP¥151.1tJP¥89.8tJP¥10.5t12.8x14.4x1.7x
Fri, 07 Nov 2025JP¥143.7tJP¥89.6tJP¥10.4t12.2x13.8x1.6x
Sun, 05 Oct 2025JP¥141.2tJP¥89.4tJP¥10.3t12.4x13.7x1.6x
Tue, 02 Sep 2025JP¥142.6tJP¥87.1tJP¥10.3t12.5x13.9x1.6x
Thu, 31 Jul 2025JP¥133.0tJP¥86.7tJP¥9.8t11.5x13.6x1.5x
Sat, 28 Jun 2025JP¥126.7tJP¥91.4tJP¥11.2t11x11.3x1.4x
Mon, 26 May 2025JP¥123.5tJP¥92.3tJP¥11.2t10.5x11.1x1.3x
Wed, 23 Apr 2025JP¥109.9tJP¥88.5tJP¥10.9t10x10x1.2x
Fri, 21 Mar 2025JP¥132.1tJP¥88.5tJP¥11.0t11x12x1.5x
Sun, 16 Feb 2025JP¥125.5tJP¥88.6tJP¥11.0t10.8x11.5x1.4x
Tue, 14 Jan 2025JP¥118.8tJP¥85.9tJP¥10.2t11x11.7x1.4x
Thu, 12 Dec 2024JP¥122.0tJP¥86.0tJP¥10.2t11.5x12x1.4x
Sat, 09 Nov 2024JP¥117.1tJP¥82.9tJP¥8.6t11.5x13.5x1.4x
Mon, 07 Oct 2024JP¥108.8tJP¥84.5tJP¥8.8t10.9x12.3x1.3x
Wed, 04 Sep 2024JP¥115.7tJP¥84.5tJP¥8.9t11.6x13.1x1.4x
Fri, 02 Aug 2024JP¥124.5tJP¥86.0tJP¥8.6t13x14.5x1.4x
Sun, 30 Jun 2024JP¥120.6tJP¥84.4tJP¥8.3t13.1x14.6x1.4x
Tue, 28 May 2024JP¥114.0tJP¥85.7tJP¥8.4t12.3x13.5x1.3x
Thu, 25 Apr 2024JP¥110.9tJP¥79.0tJP¥8.0t13.4x13.8x1.4x
Sat, 23 Mar 2024JP¥114.5tJP¥78.9tJP¥8.0t13.9x14.3x1.5x
Mon, 19 Feb 2024JP¥102.6tJP¥80.2tJP¥8.0t12.5x12.8x1.3x
Wed, 17 Jan 2024JP¥93.6tJP¥78.1tJP¥7.4t11.9x12.7x1.2x
Fri, 15 Dec 2023JP¥92.6tJP¥78.2tJP¥7.5t11.5x12.4x1.2x
Sun, 12 Nov 2023JP¥91.6tJP¥80.5tJP¥7.3t11.8x12.5x1.1x
Tue, 10 Oct 2023JP¥92.2tJP¥81.1tJP¥7.4t11.6x12.5x1.1x
Thu, 07 Sep 2023JP¥91.4tJP¥81.1tJP¥7.4t11.7x12.4x1.1x
Sat, 05 Aug 2023JP¥84.0tJP¥79.4tJP¥7.2t11.4x11.7x1.1x
Mon, 03 Jul 2023JP¥82.4tJP¥79.3tJP¥6.1t10.8x13.4x1x
Price to Earnings Ratio

13.4x


Total Market Cap: JP¥82.4tTotal Earnings: JP¥6.1tTotal Revenue: JP¥79.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Financials Sector Price to Earnings3Y Average 13.1x202420252026
Current Industry PE
  • Investors are relatively neutral on the Japanese Financials industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 13.1x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 32% per year over the last three years.
  • Revenues for these companies have grown 9.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Japanese Financials sector?

JP Market-0.82%
Financials-4.66%
Mortgage Finance0%0
Consumer Finance-1.60%
Diversified Financial-2.64%
Capital Markets-4.11%
Banks-4.72%
Insurance-5.55%
Industry PE
  • Investors are most optimistic about the Banks industry which is trading above its 3-year average PE ratio of 14.0x.
    • Analysts are expecting annual earnings growth of 8.6%, which is lower than the prior year's growth of 30.2% per year.
  • Investors are most pessimistic about the Capital Markets industry, which is trading below its 3-year average of 14.9x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Financial industry, expecting annual earnings growth of 8.7% over the next 5 years.
  • However this is lower than its past earnings growth rate of 17% per year.
  • In contrast, the Capital Markets industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
7173 Tokyo Kiraboshi Financial GroupJP¥14.42k15.4%
+JP¥68.7b		135.6%PB1.2x
3769 GMO Payment GatewayJP¥8.92k8.2%
+JP¥51.1b		-5.4%PE28.2x
8604 Nomura HoldingsJP¥1.42k1.0%
+JP¥39.5b		50.6%PE11.5x
8524 North Pacific BankLtdJP¥1.12k10.0%
+JP¥38.2b		92.3%PB1.1x
8377 Hokuhoku Financial GroupJP¥6.68k4.1%
+JP¥31.5b		145.9%PB1.1x

Latest News

7173
JP¥14,420.00
Tokyo Kiraboshi Financial Group
7D
15.4%
1Y
135.6%
8439
JP¥2,483.50
Tokyo Century
7D
2.0%
1Y
53.6%
8308
JP¥2,086.50
Resona Holdings
7D
-5.0%
1Y
54.8%
8725
JP¥4,230.00
MS&AD Insurance Group Holdings
7D
-7.1%
1Y
32.0%
New Narrative • Jun 24

Overseas Expansion And Rate Revisions Will Support Steadier Insurance Earnings Ahead

Catalysts About MS&AD Insurance Group Holdings MS&AD Insurance Group Holdings is a Japan based insurance group with domestic non life, domestic life and international insurance operations. What are the underlying business or industry changes driving this perspective?
8750
JP¥1,717.50
Daiichi Life Group
7D
-5.3%
1Y
58.4%
Narrative Update • Jun 24

8750: Higher Dividends And Stock Compensation Shift Will Support Balanced Outlook

Analysts have raised their price target for Daiichi Life Group from ¥1,630 to ¥1,781, citing updated assumptions that incorporate an expected revenue growth rate of 3.5%, along with a slightly revised profit margin and forward P/E framework. What’s in the News for Daiichi Life Group Daiichi Life Group plans to issue new restricted and performance-linked shares to directors and executives across the group, aiming to align management incentives with shareholder interests while keeping dilution limited.
8604
JP¥1,422.00
Nomura Holdings
7D
1.0%
1Y
50.6%
Narrative Update • Jun 23

8604: Digital Asset Charter And Global Expansion Will Support Fairly Valued Shares

Analysts have raised their fair value estimate for Nomura Holdings from ¥1,503.75 to ¥1,516.25, citing updated assumptions for revenue growth, profit margins and a slightly lower future P/E multiple. What’s in the News for Nomura Holdings Nomura’s digital asset subsidiary, Laser Digital, received conditional approval from the US Office of the Comptroller of the Currency for a national trust bank charter.
8306
JP¥3,231.00
Mitsubishi UFJ Financial Group
7D
-1.4%
1Y
62.9%
Narrative Update • Jun 23

8306: Stablecoin Ambitions And Buybacks Will Still Fail To Sustain Optimism

The analyst price target for Mitsubishi UFJ Financial Group has been raised from ¥2,120 to ¥2,330. Analysts cite a slightly lower discount rate, a higher forecast profit margin of 39.88%, and a modest adjustment to the future P/E estimate as key drivers of the change.
8411
JP¥7,742.00
Mizuho Financial Group
7D
-1.8%
1Y
94.8%
Narrative Update • Jun 22

8411: Alliance With Rakuten Bank And Buybacks Will Support Measured Future Earnings Multiple

Analysts have lifted their price target for Mizuho Financial Group from about ¥7,617 to roughly ¥7,831, citing updated assumptions on revenue growth, profit margins and future P/E expectations that modestly adjust their valuation model. What's in the News On May 20, Mizuho Financial Group and Rakuten Bank agreed on a capital and business alliance that includes Mizuho Bank acquiring shares in Rakuten Bank and working together on a new credit model that connects large corporate banking expertise with digital retail banking reach.
8377
JP¥6,680.00
Hokuhoku Financial Group
7D
4.1%
1Y
145.9%
Analysis Article • Jun 21

Brokers Are Upgrading Their Views On Hokuhoku Financial Group, Inc. (TSE:8377) With These New Forecasts

Hokuhoku Financial Group, Inc. ( TSE:8377 ) shareholders will have a reason to smile today, with the analysts making...
8524
JP¥1,119.00
North Pacific BankLtd
7D
10.0%
1Y
92.3%
8316
JP¥6,352.00
Sumitomo Mitsui Financial Group
7D
-2.0%
1Y
75.2%
Analysis Article • Jun 19

Sumitomo Mitsui Financial Group (TSE:8316) Stock Could Be 30% Below Fair Value After BOJ Move

Sumitomo Mitsui Financial Group (TSE:8316) stock came under pressure after the Bank of Japan lifted its benchmark policy rate to 1.00% and outlined gradual cuts to long term government bond purchases. See our latest analysis for Sumitomo Mitsui Financial Group. That policy move comes after a strong run for Sumitomo Mitsui Financial Group, with the stock at ¥6,727 and recent gains including a 30.47% 90 day share price return and a very large 5 year total shareholder return of 540.45%. This...
7182
JP¥3,063.00
JAPAN POST BANK
7D
-4.0%
1Y
99.0%
8766
JP¥6,878.00
Tokio Marine Holdings
7D
-4.4%
1Y
13.0%
Narrative Update • Jun 15

8766: Share Buybacks And Berkshire Partnership Are Expected To Support Future Returns

Analysts have lifted their price target for Tokio Marine Holdings from ¥8,154 to ¥8,249, citing updated assumptions around revenue growth, profit margins, and a slightly higher future P/E multiple. What's in the News Tokio Marine has launched a large scale share buyback program of up to ¥200b, authorizing repurchases of as many as 130,000,000 common shares between May 21, 2023 and December 23, 2026, with the stated aim of improving capital efficiency and returning cash to shareholders.
3769
JP¥8,920.00
GMO Payment Gateway
7D
8.2%
1Y
-5.4%
8366
JP¥2,413.00
Shiga Bank
7D
5.2%
1Y
105.9%
5830
JP¥3,170.00
Iyogin HoldingsInc
7D
3.2%
1Y
102.8%