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Japanese (NIKKEI) Financials Sector Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies201
  • 7D2.6%
  • 3M10.5%
  • 1Y33.1%
  • YTD30.7%

Over the last 7 days, the Financials industry has dropped 1.1%, driven by pullbacks in Financial Partners GroupLtd and Rakuten Bank of 18% and 2.5%, respectively. This takes the industry's 12 month performance to a gain of 32%. Looking forward, earnings are forecast to grow by 8.6% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025JP¥157.8tJP¥90.3tJP¥10.5t12.9x15x1.7x
Fri, 21 Nov 2025JP¥145.8tJP¥91.4tJP¥11.3t11.8x12.9x1.6x
Sun, 19 Oct 2025JP¥137.3tJP¥89.4tJP¥10.3t12.2x13.3x1.5x
Tue, 16 Sep 2025JP¥144.8tJP¥87.1tJP¥10.3t12.7x14.1x1.7x
Thu, 14 Aug 2025JP¥141.3tJP¥87.2tJP¥10.1t12x13.9x1.6x
Sat, 12 Jul 2025JP¥126.1tJP¥86.6tJP¥9.7t11x13x1.5x
Mon, 09 Jun 2025JP¥126.9tJP¥92.3tJP¥11.2t10.8x11.4x1.4x
Wed, 07 May 2025JP¥114.7tJP¥88.6tJP¥11.0t10.8x10.5x1.3x
Fri, 04 Apr 2025JP¥117.3tJP¥88.5tJP¥11.0t10x10.7x1.3x
Sun, 02 Mar 2025JP¥123.7tJP¥88.5tJP¥11.0t10.6x11.3x1.4x
Tue, 28 Jan 2025JP¥121.6tJP¥86.0tJP¥10.2t11.3x11.9x1.4x
Thu, 26 Dec 2024JP¥119.3tJP¥86.0tJP¥10.2t11.3x11.7x1.4x
Sat, 23 Nov 2024JP¥119.0tJP¥84.2tJP¥10.1t11.2x11.8x1.4x
Mon, 21 Oct 2024JP¥113.5tJP¥84.5tJP¥8.8t11.2x12.8x1.3x
Wed, 18 Sep 2024JP¥103.6tJP¥83.4tJP¥8.7t10.8x11.9x1.2x
Fri, 16 Aug 2024JP¥110.8tJP¥84.5tJP¥8.8t11x12.5x1.3x
Sun, 14 Jul 2024JP¥124.0tJP¥84.1tJP¥8.3t13.1x14.9x1.5x
Tue, 11 Jun 2024JP¥118.3tJP¥85.9tJP¥8.4t12.9x14x1.4x
Thu, 09 May 2024JP¥109.8tJP¥79.3tJP¥8.1t13x13.5x1.4x
Sat, 06 Apr 2024JP¥109.5tJP¥78.9tJP¥8.0t13.1x13.7x1.4x
Mon, 04 Mar 2024JP¥108.2tJP¥79.0tJP¥8.0t13x13.5x1.4x
Wed, 31 Jan 2024JP¥96.6tJP¥78.1tJP¥7.3t12.5x13.2x1.2x
Fri, 29 Dec 2023JP¥88.9tJP¥78.2tJP¥7.5t11.6x11.9x1.1x
Sun, 26 Nov 2023JP¥92.7tJP¥81.1tJP¥8.1t11.8x11.5x1.1x
Tue, 24 Oct 2023JP¥91.7tJP¥81.2tJP¥7.4t11.5x12.5x1.1x
Thu, 21 Sep 2023JP¥96.3tJP¥81.1tJP¥7.3t12.1x13.2x1.2x
Sat, 19 Aug 2023JP¥82.3tJP¥80.8tJP¥7.3t10.8x11.3x1x
Mon, 17 Jul 2023JP¥82.2tJP¥78.8tJP¥6.2t10.9x13.4x1x
Wed, 14 Jun 2023JP¥78.8tJP¥79.4tJP¥6.6t10.3x11.9x1x
Fri, 12 May 2023JP¥74.9tJP¥76.3tJP¥4.2t11.1x17.8x1x
Sun, 09 Apr 2023JP¥71.3tJP¥76.0tJP¥4.3t10.6x16.7x0.9x
Tue, 07 Mar 2023JP¥78.5tJP¥75.9tJP¥4.3t10.6x18.1x1x
Thu, 02 Feb 2023JP¥74.9tJP¥73.3tJP¥4.4t9.7x17x1x
Sat, 31 Dec 2022JP¥73.5tJP¥73.8tJP¥4.4t9.8x16.6x1x
Price to Earnings Ratio

16.6x


Total Market Cap: JP¥73.5tTotal Earnings: JP¥4.4tTotal Revenue: JP¥73.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Financials Sector Price to Earnings3Y Average 13.3x202320242025
Current Industry PE
  • Investors are optimistic on the Japanese Financials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 14.8x which is higher than its 3-year average PE of 13.3x.
  • The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Financials industry have grown 33% per year over the last three years.
  • Revenues for these companies have grown 6.9% 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 Market1.62%
Financials2.65%
Consumer Finance4.04%
Insurance3.36%
Banks2.51%
Capital Markets2.24%
Diversified Financial1.71%
Mortgage Finance0%0
Industry PE
  • Investors are most optimistic about the Banks industry which is trading above its 3-year average PE ratio of 14.1x.
    • Analysts are expecting annual earnings growth of 12.0%, which is lower than the prior year's growth of 25.6% per year.
  • Investors are most pessimistic about the Insurance industry, which is trading below its 3-year average of 12.5x.
Forecasted Growth
  • Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 12% over the next 5 years.
  • However this is lower than its past earnings growth rate of 26% per year.
  • In contrast, the Capital Markets industry is expected to see its earnings decline by 2.2% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
8316 Sumitomo Mitsui Financial GroupJP¥5.10k3.8%
+JP¥714.1b		37.2%PB1.3x
8306 Mitsubishi UFJ Financial GroupJP¥2.48k1.2%
+JP¥335.4b		37.9%PB1.4x
7182 JAPAN POST BANKJP¥2.13k4.6%
+JP¥332.4b		44.8%PB0.8x
8591 ORIXJP¥4.56k3.2%
+JP¥156.7b		36.5%PE11.5x
8411 Mizuho Financial GroupJP¥5.70k0.9%
+JP¥126.5b		49.0%PB1.3x

Latest News

7182
JP¥2,131.00
JAPAN POST BANK
7D
4.6%
1Y
44.8%

JAPAN POST BANK (TSE:7182) Is Increasing Its Dividend To ¥66.00

Dec 23
JAPAN POST BANK (TSE:7182) Is Increasing Its Dividend To ¥66.00
8308
JP¥1,527.50
Resona Holdings
7D
-0.7%
1Y
34.4%
7148
JP¥1,895.00
Financial Partners GroupLtd
7D
-12.6%
1Y
-32.2%

Market Cool On Financial Partners Group Co.,Ltd.'s (TSE:7148) Earnings Pushing Shares 26% Lower

Dec 22
Market Cool On Financial Partners Group Co.,Ltd.'s (TSE:7148) Earnings Pushing Shares 26% Lower
8604
JP¥1,290.00
Nomura Holdings
7D
3.4%
1Y
41.5%

8604: Dividend Will Rise As Earnings Multiple And Profitability Remain Steady

Analysts have raised their price target on Nomura Holdings modestly to approximately ¥1,294 from ¥1,260, citing a slightly higher assumed future price to earnings multiple while keeping growth and profitability expectations broadly unchanged. What's in the News Nomura Holdings declared a dividend of JPY 27 per share for shareholders of record as of September 30, 2025, payable on December 1, 2025 (Key Developments).
8306
JP¥2,483.00
Mitsubishi UFJ Financial Group
7D
1.2%
1Y
37.9%

8306: Future Shareholder Returns Will Benefit From Buybacks And Dividend Increase

Analysts have raised their price target on Mitsubishi UFJ Financial Group from ¥2,700 to ¥2,910, citing expectations of slightly faster revenue growth, modestly higher profit margins, and a lower future price-to-earnings multiple supported by a reduced discount rate. What's in the News MUFG will promote MUFG Bank President Junichi Hanzawa to Group CEO from April 1, 2026, with current President Hironori Kamezawa becoming chairman, as the group targets faster growth, higher lending profitability, and expansion of its domestic and global digital platforms (Executive Changes) The Board of Directors authorized a large share repurchase program of up to 130,000,000 shares, or 1.14% of outstanding shares, for ¥250 billion, with all repurchased shares to be cancelled by February 27, 2026, to improve capital efficiency and shareholder returns (Buyback Transaction Announcements) MUFG raised its earnings guidance for the year ending March 31, 2026, lifting the target for profits attributable to owners of parent to ¥2,100 billion from ¥2,000 billion, supported by stronger customer business performance and higher equity method earnings from Morgan Stanley (Corporate Guidance, Raised) The group revised its year end dividend forecast for fiscal 2026 to ¥39 per share from ¥35, which implies an annual dividend of ¥74 per share, and reaffirmed a policy of stable, sustainable dividend growth with a target payout ratio of about 40 percent (Dividend Increases) Media reports suggesting MUFG is in advanced talks to acquire a 20 percent stake in India based Shriram Finance for about $2.6 billion were followed by an exchange filing from Shriram Finance calling the stories rumour and speculation, which underscores uncertainty around any potential deal (M&A Rumors and Discussions) Valuation Changes The fair value estimate has risen modestly from ¥2,700 to ¥2,910, reflecting a slightly more optimistic outlook for the shares.
7172
JP¥2,068.00
Japan Investment Adviser
7D
-6.2%
1Y
90.2%
8766
JP¥5,803.00
Tokio Marine Holdings
7D
-0.6%
1Y
3.9%

8766: AI Partnership Will Drive Future Profits And Capital Returns

Narrative Update on Analyst Price Target Analysts have modestly raised their price target on Tokio Marine Holdings to ¥6,675, citing slightly improved projected profit margins that more than offset marginally lower revenue growth expectations and a small compression in assumed future valuation multiples. What's in the News Tokio Marine is partnering with OpenAI to develop AI agents that leverage in depth data analysis to improve insurance product planning and handle customer inquiries more efficiently (Nikkei Asia).
8729
JP¥158.50
Sony Financial Group
7D
-1.7%
1Y
n/a
8303
JP¥1,745.00
SBI Shinsei Bank
7D
7.5%
1Y
n/a
8309
JP¥4,743.00
Sumitomo Mitsui Trust Group
7D
2.8%
1Y
29.2%

Sumitomo Mitsui Trust Group (TSE:8309) Will Pay A Larger Dividend Than Last Year At ¥90.00

Dec 17
Sumitomo Mitsui Trust Group (TSE:8309) Will Pay A Larger Dividend Than Last Year At ¥90.00
8591
JP¥4,564.00
ORIX
7D
3.2%
1Y
36.5%

8591: Expanded Capital Returns And Leadership Transition Will Support Steady Future Outlook

Analysts have modestly raised their price target on ORIX, lifting fair value from ¥4,506.25 to ¥4,565.00, as incremental improvements in forecast discount rate, revenue growth, profit margin, and future P E multiples support a slightly more optimistic outlook. What’s in the News The board has appointed Hidetake Takahashi as Chief Executive Officer, effective January 1, 2026, succeeding Makoto Inoue and adding responsibility for the Digital Innovation and Corporate Strategy and Management units (company announcement).
8411
JP¥5,703.00
Mizuho Financial Group
7D
0.9%
1Y
49.0%

8411: Buyback And Higher Dividend Will Support Cautious Longer-Term Returns

Analysts have modestly raised their price target on Mizuho Financial Group to approximately ¥5,435 from about ¥5,335, citing slightly lower discount rates, a marginally improved profit margin outlook, and a higher expected future price to earnings multiple. What's in the News Mizuho Financial Group announced a new share repurchase program of up to 60,000,000 shares, or about 2.41% of its issued share capital, for ¥200,000 million, with all repurchased shares to be cancelled and the program running until February 28, 2026 (Key Developments).
6993
JP¥59.00
Daikokuya HoldingsLtd
7D
-20.3%
1Y
145.8%
7167
JP¥1,049.00
Mebuki Financial GroupInc
7D
-0.7%
1Y
65.9%
8725
JP¥3,658.00
MS&AD Insurance Group Holdings
7D
-1.7%
1Y
7.8%

MS&AD Insurance Group Holdings (TSE:8725) Has Announced A Dividend Of ¥77.50

Dec 05
MS&AD Insurance Group Holdings (TSE:8725) Has Announced A Dividend Of ¥77.50
8316
JP¥5,104.00
Sumitomo Mitsui Financial Group
7D
3.8%
1Y
37.2%