Narrative Update • Jun 04
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Japanese (NIKKEI) Capital Markets Industry Analysis
UpdatedJun 06, 2026
DataAggregated Company Financials
Companies54
- 7D2.2%
- 3M1.3%
- 1Y33.8%
- YTD0.3%
The Capital Markets industry is up 2.2% in the last week, with Nomura Holdings up 5.9%. Meanwhile, Next Generation Technology Group actually underperformed within the industry, shrinking 11% in the last week. This means that the industry has gained 34% over the past year. As for the next few years, earnings are forecast to decline by 1.2% per annum.
Industry Valuation and Performance
Has the Japanese Capital Markets Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 06 Jun 2026 | JP¥10.5t | JP¥5.3t | JP¥1.1t | 11.1x | 9.7x | 2x |
| Mon, 04 May 2026 | JP¥10.0t | JP¥5.3t | JP¥1.0t | 12.7x | 9.7x | 1.9x |
| Wed, 01 Apr 2026 | JP¥9.7t | JP¥5.1t | JP¥1.0t | 12.6x | 9.6x | 1.9x |
| Fri, 27 Feb 2026 | JP¥11.1t | JP¥5.1t | JP¥1.0t | 14x | 10.9x | 2.2x |
| Sun, 25 Jan 2026 | JP¥6.8t | JP¥2.8t | JP¥494.3b | 16.1x | 13.7x | 2.4x |
| Tue, 23 Dec 2025 | JP¥6.3t | JP¥2.7t | JP¥487.6b | 15.2x | 12.9x | 2.3x |
| Thu, 20 Nov 2025 | JP¥9.2t | JP¥4.7t | JP¥859.2b | 13.8x | 10.7x | 1.9x |
| Sat, 18 Oct 2025 | JP¥9.3t | JP¥4.6t | JP¥804.2b | 15.9x | 11.6x | 2x |
| Mon, 15 Sep 2025 | JP¥9.4t | JP¥4.6t | JP¥811.1b | 16.4x | 11.6x | 2.1x |
| Wed, 13 Aug 2025 | JP¥9.2t | JP¥4.6t | JP¥813.7b | 15.4x | 11.3x | 2x |
| Fri, 11 Jul 2025 | JP¥8.1t | JP¥4.4t | JP¥715.2b | 13.1x | 11.3x | 1.8x |
| Sun, 08 Jun 2025 | JP¥7.8t | JP¥4.4t | JP¥708.1b | 13.2x | 11x | 1.8x |
| Tue, 06 May 2025 | JP¥7.2t | JP¥4.3t | JP¥687.5b | 13.1x | 10.4x | 1.7x |
| Thu, 03 Apr 2025 | JP¥7.6t | JP¥4.3t | JP¥676.0b | 11.2x | 11.2x | 1.8x |
| Sat, 01 Mar 2025 | JP¥8.1t | JP¥4.3t | JP¥685.2b | 11.6x | 11.8x | 1.9x |
| Mon, 27 Jan 2025 | JP¥5.4t | JP¥2.3t | JP¥323.6b | 12.7x | 16.6x | 2.3x |
| Wed, 25 Dec 2024 | JP¥5.4t | JP¥2.3t | JP¥312.0b | 13x | 17.3x | 2.3x |
| Fri, 22 Nov 2024 | JP¥5.2t | JP¥2.3t | JP¥311.9b | 13.8x | 16.8x | 2.3x |
| Sun, 20 Oct 2024 | JP¥7.5t | JP¥3.9t | JP¥499.1b | 13x | 15x | 1.9x |
| Tue, 17 Sep 2024 | JP¥7.2t | JP¥3.9t | JP¥506.2b | 13x | 14.3x | 1.9x |
| Thu, 15 Aug 2024 | JP¥7.3t | JP¥3.9t | JP¥506.3b | 12.2x | 14.4x | 1.9x |
| Sat, 13 Jul 2024 | JP¥7.6t | JP¥3.4t | JP¥417.2b | 14.3x | 18.3x | 2.2x |
| Mon, 10 Jun 2024 | JP¥8.5t | JP¥3.7t | JP¥456.7b | 14.3x | 18.6x | 2.3x |
| Wed, 08 May 2024 | JP¥8.3t | JP¥3.7t | JP¥455.4b | 15x | 18.1x | 2.2x |
| Fri, 05 Apr 2024 | JP¥8.5t | JP¥3.5t | JP¥362.4b | 18.6x | 23.4x | 2.4x |
| Sun, 03 Mar 2024 | JP¥8.3t | JP¥3.5t | JP¥362.6b | 17.3x | 23x | 2.4x |
| Tue, 30 Jan 2024 | JP¥6.4t | JP¥3.1t | JP¥293.3b | 17.4x | 21.9x | 2.1x |
| Thu, 28 Dec 2023 | JP¥5.8t | JP¥3.1t | JP¥334.1b | 16.2x | 17.4x | 1.9x |
| Sat, 25 Nov 2023 | JP¥5.9t | JP¥3.1t | JP¥334.0b | 15.9x | 17.6x | 1.9x |
| Mon, 23 Oct 2023 | JP¥7.3t | JP¥4.3t | JP¥418.3b | 15.8x | 17.4x | 1.7x |
| Wed, 20 Sep 2023 | JP¥7.5t | JP¥4.3t | JP¥416.3b | 16.8x | 18.1x | 1.8x |
| Fri, 18 Aug 2023 | JP¥5.5t | JP¥3.3t | JP¥340.6b | 14.3x | 16.2x | 1.7x |
| Sun, 16 Jul 2023 | JP¥6.5t | JP¥4.0t | JP¥337.9b | 18x | 19.3x | 1.6x |
| Tue, 13 Jun 2023 | JP¥6.3t | JP¥4.0t | JP¥335.2b | 16.6x | 18.7x | 1.6x |
Price to Earnings Ratio
18.7x
Current Industry PE
- Investors are pessimistic on the Japanese Capital Markets industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 9.7x which is lower than its 3-year average PE of 15.1x.
- The industry is trading close to its 3-year average PS ratio of 2.0x.
Past Earnings Growth
- The earnings for companies in the Capital Markets industry have grown 48% per year over the last three years.
- Revenues for these companies have grown 9.6% 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 Market | -0.18% | |
| Financials | 3.41% | |
| Capital Markets | 2.19% | |
| Investment Banking and Brokerage | 2.55% | |
| Financial Exchanges and Data | 2.46% | |
| Asset Management | -3.84% | |
Industry PE
- Investors are most optimistic about the Financial Exchanges and Data industry even though it's trading below its 3-year average PE ratio of 30.2x.
- Analysts are expecting annual earnings growth of 0.6%, which is lower than the prior year's growth of 58.1% per year.
- Investors are most pessimistic about the Investment Banking and Brokerage industry, which is trading below its 3-year average of 13.3x.
Forecasted Growth
- Analysts are most optimistic on the Financial Exchanges and Data industry, expecting annual earnings growth of 0.6% over the next 5 years.
- In contrast, the Asset Management industry is expected to see its earnings decline by 7.6% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 8604 Nomura Holdings | JP¥1.36k | 5.9% +JP¥222.1b | 52.1% | PE11x | |
| 8601 Daiwa Securities Group | JP¥1.56k | 4.0% +JP¥83.8b | 60.9% | PE12.3x | |
| 8697 Japan Exchange Group | JP¥2.00k | 2.7% +JP¥54.5b | 27.6% | PE26x | |
| 9552 Quants Research Institute Holdings | JP¥1.18k | 33.7% +JP¥16.1b | -12.1% | PE20.7x | |
| 8616 Tokai Tokyo Financial Holdings | JP¥709.00 | 2.2% +JP¥3.8b | 46.5% | PE10.9x |