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Japanese (NIKKEI) Banks Industry Analysis

UpdatedApr 20, 2026
DataAggregated Company Financials
Companies83
  • 7D0.7%
  • 3M2.3%
  • 1Y82.2%
  • YTD15.4%

Last week, the Banks industry hasn't moved much but Resona Holdings is up 3.7% in that time. As for the the longer term, the industry is up 82% over the past 12 months. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

Has the Japanese Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 20 Apr 2026JP¥116.1tJP¥26.5tJP¥5.9t14.7x19.6x4.4x
Wed, 18 Mar 2026JP¥106.7tJP¥26.5tJP¥5.9t13.1x18x4x
Fri, 13 Feb 2026JP¥126.7tJP¥26.1tJP¥5.8t15.2x21.9x4.9x
Sun, 11 Jan 2026JP¥104.6tJP¥25.3tJP¥5.6t12.8x18.7x4.1x
Tue, 09 Dec 2025JP¥95.7tJP¥24.9tJP¥5.5t11.5x17.4x3.8x
Thu, 06 Nov 2025JP¥85.4tJP¥24.3tJP¥5.0t11.4x17.3x3.5x
Sat, 04 Oct 2025JP¥84.7tJP¥24.3tJP¥4.9t11.2x17.1x3.5x
Mon, 01 Sep 2025JP¥85.2tJP¥24.4tJP¥5.0t11.1x17.1x3.5x
Wed, 30 Jul 2025JP¥78.1tJP¥24.0tJP¥4.9t10.2x16x3.2x
Fri, 27 Jun 2025JP¥73.8tJP¥28.8tJP¥6.2t9.3x11.9x2.6x
Sun, 25 May 2025JP¥72.7tJP¥28.8tJP¥6.2t9.2x11.8x2.5x
Tue, 22 Apr 2025JP¥62.7tJP¥24.6tJP¥5.9t9.1x10.7x2.6x
Thu, 20 Mar 2025JP¥77.5tJP¥24.6tJP¥5.9t10.5x13.2x3.2x
Sat, 15 Feb 2025JP¥73.4tJP¥24.7tJP¥5.9t9.8x12.5x3x
Mon, 13 Jan 2025JP¥70.9tJP¥24.1tJP¥5.4t10.1x13.1x2.9x
Wed, 11 Dec 2024JP¥70.7tJP¥24.1tJP¥5.4t10.2x13.1x2.9x
Fri, 08 Nov 2024JP¥66.7tJP¥22.7tJP¥4.7t9.8x14.2x2.9x
Sun, 06 Oct 2024JP¥58.4tJP¥22.7tJP¥4.7t9x12.4x2.6x
Tue, 03 Sep 2024JP¥61.0tJP¥22.7tJP¥4.7t9.5x13x2.7x
Thu, 01 Aug 2024JP¥69.4tJP¥23.1tJP¥4.7t12.2x14.9x3x
Sat, 29 Jun 2024JP¥68.1tJP¥25.1tJP¥4.7t12.1x14.4x2.7x
Mon, 27 May 2024JP¥63.9tJP¥25.1tJP¥4.7t11.7x13.5x2.5x
Wed, 24 Apr 2024JP¥61.6tJP¥20.8tJP¥4.7t11.9x13.1x3x
Fri, 22 Mar 2024JP¥62.6tJP¥20.6tJP¥4.7t11.9x13.4x3x
Sun, 18 Feb 2024JP¥56.0tJP¥21.2tJP¥4.7t10.6x11.9x2.6x
Tue, 16 Jan 2024JP¥52.5tJP¥20.6tJP¥4.4t10.4x11.9x2.5x
Thu, 14 Dec 2023JP¥52.4tJP¥20.8tJP¥4.5t10.6x11.5x2.5x
Sat, 11 Nov 2023JP¥51.7tJP¥22.7tJP¥4.8t10.9x10.7x2.3x
Mon, 09 Oct 2023JP¥51.9tJP¥22.7tJP¥4.8t10.2x10.8x2.3x
Wed, 06 Sep 2023JP¥50.3tJP¥22.7tJP¥4.8t9.8x10.4x2.2x
Fri, 04 Aug 2023JP¥46.7tJP¥22.6tJP¥4.3t8.8x11x2.1x
Sun, 02 Jul 2023JP¥44.4tJP¥23.0tJP¥3.8t8.1x11.8x1.9x
Tue, 30 May 2023JP¥40.9tJP¥24.3tJP¥4.2t8.2x9.7x1.7x
Thu, 27 Apr 2023JP¥39.0tJP¥19.8tJP¥1.9t7.9x20.2x2x
Price to Earnings Ratio

20.2x


Total Market Cap: JP¥39.0tTotal Earnings: JP¥1.9tTotal Revenue: JP¥19.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Banks Industry Price to Earnings3Y Average 13.8x202420252026
Current Industry PE
  • Investors are optimistic on the Japanese Banks industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 19.6x which is higher than its 3-year average PE of 13.8x.
  • The 3-year average PS ratio of 2.9x is lower than the industry's current PS ratio of 4.4x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 45% per year over the last three years.
  • Revenues for these companies have grown 10% 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 industry?

JP Market0.68%
Financials0.44%
Banks0.71%
Regional Banks0.76%
Diversified Banks0.69%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 14.7x.
    • Analysts are expecting annual earnings growth of 12.8%, which is lower than the prior year's growth of 17.1% per year.
  • Investors are most pessimistic about the Regional Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 12.1x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 13% over the next 5 years.
  • However this is lower than its past earnings growth rate of 17% per year.
  • In contrast, the Regional Banks industry is expected to see its earnings grow by 12% 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
8308 Resona HoldingsJP¥1.95k3.8%
+JP¥162.2b		92.6%PB1.5x
8306 Mitsubishi UFJ Financial GroupJP¥2.87k0.4%
+JP¥118.5b		73.7%PB1.5x
8411 Mizuho Financial GroupJP¥6.78k0.6%
+JP¥97.5b		100.2%PB1.5x
7384 Procrea HoldingsJP¥3.87k15.5%
+JP¥14.7b		147.8%PB0.7x
8345 Bank of IwateJP¥2.04k9.3%
+JP¥12.0b		195.8%PB0.7x

Latest News

8308
JP¥1,953.50
Resona Holdings
7D
3.8%
1Y
92.6%

8308: Executive Changes And Completed Buybacks Will Support A Steady Fairly Valued Outlook

Analysts now set their average price target for Resona Holdings at approximately ¥1,939, up from about ¥1,862. This reflects updated assumptions around a slightly lower discount rate, a modestly smaller revenue decline, a largely steady profit margin near 37%, and a marginally higher future P/E multiple.
5831
JP¥2,728.00
Shizuoka Financial GroupInc
7D
-4.1%
1Y
85.2%
8306
JP¥2,870.50
Mitsubishi UFJ Financial Group
7D
0.4%
1Y
73.7%

8306: Ongoing Share Buybacks And Fixed Income Offering Will Support Returns

Analysts have kept their ¥3,760 price target on Mitsubishi UFJ Financial Group broadly unchanged, pointing to slight adjustments in discount rate, revenue growth, profit margin, and future P/E assumptions rather than a major shift in their view. What's in the News MUFG Securities Americas Inc.
5838
JP¥6,549.00
Rakuten Bank
7D
-2.3%
1Y
16.6%
8358
JP¥2,289.00
Suruga Bank
7D
1.9%
1Y
89.2%
5830
JP¥3,080.00
Iyogin HoldingsInc
7D
-3.2%
1Y
99.7%
8411
JP¥6,775.00
Mizuho Financial Group
7D
0.6%
1Y
100.2%

8411: Extended Buybacks And Stable Earnings Outlook Will Support Fair Value

Analysts have kept their ¥6,920 price target for Mizuho Financial Group unchanged, citing only slight refinements in assumptions such as the discount rate and future P/E ratio, rather than any change in the core earnings outlook. What's in the News Mizuho Financial Group completed a share repurchase of 47,016,600 shares, representing 1.9% of shares for ¥299,999.89 million under the buyback program announced on November 14, 2025 (company disclosure).
8522
JP¥5,890.00
Bank of Nagoya
7D
3.2%
1Y
169.4%
7182
JP¥2,710.00
JAPAN POST BANK
7D
-0.6%
1Y
96.3%
8334
JP¥2,180.00
Gunma Bank
7D
-4.1%
1Y
93.7%
7186
JP¥1,491.00
Yokohama Financial Group
7D
-2.7%
1Y
76.4%
8331
JP¥2,167.50
Chiba Bank
7D
-1.9%
1Y
82.8%
7384
JP¥3,870.00
Procrea Holdings
7D
15.5%
1Y
147.8%
8345
JP¥2,040.00
Bank of Iwate
7D
9.3%
1Y
195.8%
8354
JP¥6,384.00
Fukuoka Financial Group
7D
-2.4%
1Y
86.2%
8368
JP¥1,851.00
Hyakugo Bank
7D
2.1%
1Y
185.6%