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Japanese (NIKKEI) Banks Industry Analysis

UpdatedDec 24, 2025
DataAggregated Company Financials
Companies83
  • 7D2.5%
  • 3M13.5%
  • 1Y43.7%
  • YTD41.1%

Over the last 7 days, the Banks industry has dropped 1.4%, driven by Rakuten Bank declining 2.5%. In the past year, the industry has gained 44%. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 24 Dec 2025JP¥99.6tJP¥25.3tJP¥5.6t12x17.8x3.9x
Fri, 21 Nov 2025JP¥88.8tJP¥25.0tJP¥5.5t10.6x16.2x3.5x
Sun, 19 Oct 2025JP¥81.3tJP¥24.3tJP¥4.9t10.7x16.4x3.3x
Tue, 16 Sep 2025JP¥86.0tJP¥24.4tJP¥5.0t11.2x17.3x3.5x
Thu, 14 Aug 2025JP¥83.1tJP¥24.4tJP¥5.0t10.6x16.7x3.4x
Sat, 12 Jul 2025JP¥74.2tJP¥24.0tJP¥4.9t9.7x15.2x3.1x
Mon, 09 Jun 2025JP¥73.6tJP¥28.8tJP¥6.2t9.4x11.9x2.6x
Wed, 07 May 2025JP¥64.6tJP¥24.6tJP¥5.9t9.2x11x2.6x
Fri, 04 Apr 2025JP¥67.3tJP¥24.6tJP¥5.9t9.2x11.4x2.7x
Sun, 02 Mar 2025JP¥72.0tJP¥24.6tJP¥5.9t9.7x12.2x2.9x
Tue, 28 Jan 2025JP¥72.5tJP¥24.1tJP¥5.4t10.4x13.4x3x
Thu, 26 Dec 2024JP¥69.7tJP¥24.1tJP¥5.4t10.2x12.9x2.9x
Sat, 23 Nov 2024JP¥69.9tJP¥23.6tJP¥5.4t9.9x13x3x
Mon, 21 Oct 2024JP¥62.5tJP¥22.7tJP¥4.7t9.5x13.3x2.8x
Wed, 18 Sep 2024JP¥55.9tJP¥21.9tJP¥4.6t9.1x12.2x2.6x
Fri, 16 Aug 2024JP¥60.4tJP¥22.7tJP¥4.7t9.6x12.9x2.7x
Sun, 14 Jul 2024JP¥68.4tJP¥23.1tJP¥4.7t11.6x14.7x3x
Tue, 11 Jun 2024JP¥66.0tJP¥25.1tJP¥4.7t11.7x13.9x2.6x
Thu, 09 May 2024JP¥61.3tJP¥20.8tJP¥4.7t11.8x13.1x3x
Sat, 06 Apr 2024JP¥60.4tJP¥20.6tJP¥4.7t11.5x13x2.9x
Mon, 04 Mar 2024JP¥60.3tJP¥20.8tJP¥4.7t11.6x12.9x2.9x
Wed, 31 Jan 2024JP¥54.2tJP¥20.7tJP¥4.4t10.6x12.2x2.6x
Fri, 29 Dec 2023JP¥49.6tJP¥20.8tJP¥4.5t10.1x10.9x2.4x
Sun, 26 Nov 2023JP¥52.4tJP¥23.7tJP¥5.1t10.4x10.4x2.2x
Tue, 24 Oct 2023JP¥51.7tJP¥22.8tJP¥4.8t10.3x10.7x2.3x
Thu, 21 Sep 2023JP¥54.0tJP¥22.6tJP¥4.8t10.5x11.4x2.4x
Sat, 19 Aug 2023JP¥46.0tJP¥23.4tJP¥4.8t8.9x9.6x2x
Mon, 17 Jul 2023JP¥44.7tJP¥22.2tJP¥3.8t8.4x11.9x2x
Wed, 14 Jun 2023JP¥41.7tJP¥24.2tJP¥4.2t8.1x9.9x1.7x
Fri, 12 May 2023JP¥40.1tJP¥19.8tJP¥1.9t8x20.8x2x
Sun, 09 Apr 2023JP¥38.2tJP¥19.7tJP¥1.9t7.9x19.9x1.9x
Tue, 07 Mar 2023JP¥42.9tJP¥19.7tJP¥2.0t8.7x21.2x2.2x
Thu, 02 Feb 2023JP¥41.7tJP¥19.1tJP¥1.9t8.3x21.8x2.2x
Sat, 31 Dec 2022JP¥39.7tJP¥18.9tJP¥1.9t8x21x2.1x
Price to Earnings Ratio

21x


Total Market Cap: JP¥39.7tTotal Earnings: JP¥1.9tTotal Revenue: JP¥18.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Banks Industry Price to Earnings3Y Average 14.1x202320242025
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 17.7x which is higher than its 3-year average PE of 14.1x.
  • The 3-year average PS ratio of 2.7x is lower than the industry's current PS ratio of 3.9x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 43% 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 Market1.62%
Financials2.65%
Banks2.51%
Diversified Banks2.75%
Regional Banks1.73%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry which is trading above its 3-year average PE ratio of 16.0x.
    • Analysts are expecting annual earnings growth of 12.7%, which is lower than the prior year's growth of 15.3% 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 11.6x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Banks industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Regional Banks industry is expected to see its earnings grow by 9.2% 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¥5.13k4.4%
+JP¥833.2b		37.1%PB1.3x
8306 Mitsubishi UFJ Financial GroupJP¥2.52k1.5%
+JP¥432.0b		39.1%PB1.4x
7182 JAPAN POST BANKJP¥2.13k4.6%
+JP¥336.0b		44.3%PB0.8x
8411 Mizuho Financial GroupJP¥5.77k2.3%
+JP¥322.3b		50.5%PB1.3x
8309 Sumitomo Mitsui Trust GroupJP¥4.77k2.9%
+JP¥95.3b		28.8%PB1x

Latest News

7182
JP¥2,125.00
JAPAN POST BANK
7D
4.6%
1Y
44.3%

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
8306
JP¥2,515.00
Mitsubishi UFJ Financial Group
7D
1.5%
1Y
39.1%

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.
7150
JP¥498.00
Shimane BankLtd
7D
-0.4%
1Y
-0.4%
8309
JP¥4,765.00
Sumitomo Mitsui Trust Group
7D
2.9%
1Y
28.8%

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
8338
JP¥416.00
Tsukuba Bank
7D
-0.2%
1Y
69.8%

Tsukuba Bank (TSE:8338) Has Announced A Dividend Of ¥5.00

Dec 16
Tsukuba Bank (TSE:8338) Has Announced A Dividend Of ¥5.00
8411
JP¥5,770.00
Mizuho Financial Group
7D
2.3%
1Y
50.5%

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).
5832
JP¥2,472.50
Chugin Financial GroupInc
7D
5.2%
1Y
49.3%

Chugin Financial GroupInc (TSE:5832) Is Increasing Its Dividend To ¥42.00

Dec 14
Chugin Financial GroupInc (TSE:5832) Is Increasing Its Dividend To ¥42.00
5830
JP¥2,618.00
Iyogin HoldingsInc
7D
3.0%
1Y
69.0%

Iyogin HoldingsInc (TSE:5830) Has Announced A Dividend Of ¥30.00

Dec 11
Iyogin HoldingsInc (TSE:5830) Has Announced A Dividend Of ¥30.00
8331
JP¥1,753.00
Chiba Bank
7D
2.5%
1Y
43.7%
5838
JP¥7,018.00
Rakuten Bank
7D
-2.5%
1Y
56.1%
8316
JP¥5,129.00
Sumitomo Mitsui Financial Group
7D
4.4%
1Y
37.1%
8559
JP¥537.00
Howa Bank
7D
-0.2%
1Y
14.3%
8554
JP¥975.00
Minami-Nippon BankLtd
7D
-2.1%
1Y
23.9%