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Japanese (NIKKEI) Capital Markets Industry Analysis

UpdatedApr 22, 2026
DataAggregated Company Financials
Companies54
  • 7D0.2%
  • 3M-2.6%
  • 1Y47.8%
  • YTD-0.005%

In the last week, the Capital Markets industry is up 2.3%, with Nomura Holdings up 1.3%. This takes the industry's 12 month performance to a gain of 50%. In the next few years, earnings are forecast to decline by 2.4% annually.

Industry Valuation and Performance

Has the Japanese Capital Markets Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 22 Apr 2026JP¥10.4tJP¥5.1tJP¥1.0t13.6x10.3x2x
Fri, 20 Mar 2026JP¥10.0tJP¥5.1tJP¥1.0t13.6x9.9x2x
Sun, 15 Feb 2026JP¥11.0tJP¥5.1tJP¥1.0t13.9x10.9x2.2x
Tue, 13 Jan 2026JP¥6.7tJP¥2.8tJP¥494.3b15.9x13.5x2.4x
Thu, 11 Dec 2025JP¥6.4tJP¥2.7tJP¥485.8b14.8x13.1x2.3x
Sat, 08 Nov 2025JP¥9.5tJP¥4.7tJP¥863.4b13.7x11x2x
Mon, 06 Oct 2025JP¥9.2tJP¥4.6tJP¥804.0b16.1x11.4x2x
Wed, 03 Sep 2025JP¥9.4tJP¥4.6tJP¥811.1b16.2x11.6x2x
Fri, 01 Aug 2025JP¥8.6tJP¥4.5tJP¥750.6b14.2x11.5x1.9x
Sun, 29 Jun 2025JP¥8.0tJP¥4.4tJP¥708.1b13.2x11.3x1.8x
Tue, 27 May 2025JP¥7.5tJP¥4.4tJP¥708.1b12.8x10.6x1.7x
Thu, 24 Apr 2025JP¥7.1tJP¥4.2tJP¥667.6b11.7x10.6x1.7x
Sat, 22 Mar 2025JP¥8.1tJP¥4.3tJP¥684.7b11.9x11.9x1.9x
Mon, 17 Feb 2025JP¥8.4tJP¥4.3tJP¥685.4b12x12.2x1.9x
Wed, 15 Jan 2025JP¥5.2tJP¥2.3tJP¥322.8b13x16.2x2.2x
Fri, 13 Dec 2024JP¥5.7tJP¥2.3tJP¥312.0b13.6x18.1x2.5x
Sun, 10 Nov 2024JP¥5.3tJP¥2.3tJP¥307.8b13.6x17.3x2.3x
Tue, 08 Oct 2024JP¥7.7tJP¥3.9tJP¥499.6b13.9x15.4x2x
Thu, 05 Sep 2024JP¥7.4tJP¥3.9tJP¥506.2b13.2x14.7x1.9x
Sat, 03 Aug 2024JP¥7.3tJP¥3.8tJP¥507.6b12x14.4x1.9x
Mon, 01 Jul 2024JP¥5.8tJP¥2.2tJP¥290.8b14x19.8x2.7x
Wed, 29 May 2024JP¥8.4tJP¥3.7tJP¥456.4b14x18.4x2.3x
Fri, 26 Apr 2024JP¥8.0tJP¥3.5tJP¥366.2b16.8x21.9x2.3x
Sun, 24 Mar 2024JP¥8.7tJP¥3.5tJP¥362.6b19.8x24.1x2.5x
Tue, 20 Feb 2024JP¥8.1tJP¥3.5tJP¥362.6b16.9x22.3x2.3x
Thu, 18 Jan 2024JP¥6.3tJP¥3.1tJP¥334.3b17x18.9x2x
Sat, 16 Dec 2023JP¥5.7tJP¥3.1tJP¥334.1b15.9x17.2x1.9x
Mon, 13 Nov 2023JP¥6.3tJP¥3.4tJP¥380.4b15.7x16.7x1.8x
Wed, 11 Oct 2023JP¥7.5tJP¥4.3tJP¥417.9b16.2x18x1.7x
Fri, 08 Sep 2023JP¥7.2tJP¥4.3tJP¥416.3b16.1x17.2x1.7x
Sun, 06 Aug 2023JP¥5.6tJP¥3.2tJP¥311.5b16x17.9x1.7x
Tue, 04 Jul 2023JP¥6.6tJP¥4.0tJP¥336.0b17.7x19.7x1.7x
Thu, 01 Jun 2023JP¥6.0tJP¥4.0tJP¥335.2b16.1x17.8x1.5x
Sat, 29 Apr 2023JP¥6.0tJP¥3.8tJP¥310.6b22.1x19.2x1.6x
Price to Earnings Ratio

19.2x


Total Market Cap: JP¥6.0tTotal Earnings: JP¥310.6bTotal Revenue: JP¥3.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Capital Markets Industry Price to Earnings3Y Average 15.4x202420252026
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 10.4x which is lower than its 3-year average PE of 15.4x.
  • 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 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 Market0.42%
Financials-1.30%
Capital Markets0.19%
Asset Management1.71%
Investment Banking and Brokerage0.47%
Financial Exchanges and Data-1.25%
Industry PE
  • Investors are most optimistic about the Financial Exchanges and Data industry, which is trading close to its 3-year average PE ratio of 30.2x.
    • Analysts are expecting annual earnings growth of 0.8%, which is lower than the prior year's growth of 21.1% per year.
  • Investors are most pessimistic about the Investment Banking and Brokerage industry, which is trading below its 3-year average of 13.8x.
Forecasted Growth
  • Analysts are most optimistic on the Asset Management industry, expecting annual earnings growth of 34% over the next 5 years.
  • However this is lower than its past earnings growth rate of 62% per year.
  • In contrast, the Investment Banking and Brokerage industry is expected to see its earnings decline by 3.8% 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
5842 IntegralJP¥3.71k5.9%
+JP¥7.0b		27.2%PE20.8x
7177 GMO Financial HoldingsJP¥996.004.3%
+JP¥4.8b		29.7%PE11.2x
2127 Nihon M&A Center HoldingsJP¥690.002.0%
+JP¥4.3b		18.3%PE15.5x
7347 Mercuria HoldingsJP¥785.008.9%
+JP¥1.2b		-2.4%PE9x
319A Next Generation Technology GroupJP¥13.62k0.5%
+JP¥619.2m		206.1%PE39x

Latest News

8616
JP¥717.00
Tokai Tokyo Financial Holdings
7D
-5.9%
1Y
52.9%
7177
JP¥996.00
GMO Financial Holdings
7D
4.3%
1Y
29.7%
7347
JP¥785.00
Mercuria Holdings
7D
8.9%
1Y
-2.4%
7175
JP¥1,383.00
Imamura Securities
7D
3.6%
1Y
29.7%
8708
JP¥1,461.00
Aizawa Securities Group
7D
-9.1%
1Y
13.3%
2127
JP¥690.00
Nihon M&A Center Holdings
7D
2.0%
1Y
18.3%

2127: Fund Business Split And Governance Changes Will Support Future Repricing

Analysts have lifted their price target for Nihon M&A Center Holdings from ¥860 to ¥1,000, citing updated assumptions for discount rates, revenue growth, profit margins, and a higher future P/E multiple. What's in the News Board meeting scheduled for Apr 15, 2026, to consider changes in directors and corporate officers at a consolidated subsidiary, which could affect how that business is overseen (Key Developments).
8628
JP¥963.00
Matsui Securities
7D
-1.7%
1Y
28.6%
319A
JP¥13,620.00
Next Generation Technology Group
7D
0.5%
1Y
206.1%
5842
JP¥3,705.00
Integral
7D
5.9%
1Y
27.2%
8601
JP¥1,507.50
Daiwa Securities Group
7D
-4.1%
1Y
61.1%

8601: Stable Outlook Will Reflect Leadership Review And Balanced Earnings Assumptions

Analysts have adjusted their price target for Daiwa Securities Group to ¥1,525 from ¥1,473.75, citing updated assumptions for revenue growth, profit margins and future P/E levels. What's in the News Daiwa Securities Group has scheduled a board meeting for Feb 26, 2026 to review potential changes in Representative Corporate Executive Officers (Key Developments).
8697
JP¥1,859.00
Japan Exchange Group
7D
-3.1%
1Y
20.6%
8473
JP¥3,037.00
SBI Holdings
7D
-4.1%
1Y
66.5%

8473: Capital Returns And Blockchain Platform Will Support Future Bullish Re Rating

Analysts have trimmed their price target on SBI Holdings from ¥4,300 to ¥4,000 as they factor in softer revenue expectations, slightly higher profit margin forecasts, and a lower assumed future P/E multiple. What's in the News A board meeting is scheduled for March 19, 2026 to consider changing a second tier subsidiary into a direct subsidiary, which could reshape parts of the group structure (Key Developments).
8604
JP¥1,335.50
Nomura Holdings
7D
-2.0%
1Y
67.8%

8604: Share Repurchase Program Will Support Undervalued Shares Despite Slightly Lower Multiple

Analysts have slightly lowered their price target for Nomura Holdings, reducing their estimate of fair value from ¥1,532.5 to ¥1,507.5. They attribute this adjustment to updated assumptions for revenue growth, profit margins and future P/E expectations. What's in the News Nomura completed a share repurchase of 32,551,600 shares, equal to 1.11% of its shares, for ¥41,478.45 million between January 30, 2026 and March 31, 2026 under its existing buyback program (company filing).
8698
JP¥686.00
Monex Group
7D
-2.4%
1Y
-5.1%
7343
JP¥1,226.00
Broad-mindedLtd
7D
3.2%
1Y
28.4%
9552
JP¥675.00
Quants Research Institute Holdings
7D
0.9%
1Y
-45.0%