Analysis Article • Jul 31
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Japanese (NIKKEI) Capital Markets Industry Analysis
UpdatedAug 02, 2026
DataAggregated Company Financials
Companies56
- 7D-1.3%
- 3M15.5%
- 1Y36.8%
- YTD12.5%
Over the last 7 days, the Capital Markets industry has dropped 1.3%, driven by Nomura Holdings declining 5.0%. On the other hand SBI Holdings is actually up 7.6%. Over the past 12 months, the industry was up 37%. Looking forward, earnings are forecast to decline by 1.3% per year.
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 |
|---|---|---|---|---|---|---|
| Sun, 02 Aug 2026 | JP¥13.9t | JP¥7.2t | JP¥1.4t | 11x | 9.9x | 1.9x |
| Tue, 30 Jun 2026 | JP¥10.5t | JP¥5.3t | JP¥1.1t | 11.6x | 9.7x | 2x |
| Thu, 28 May 2026 | JP¥10.1t | JP¥5.3t | JP¥1.1t | 11.3x | 9.4x | 1.9x |
| Sat, 25 Apr 2026 | JP¥10.1t | JP¥5.1t | JP¥1.0t | 13.2x | 10.1x | 2x |
| Mon, 23 Mar 2026 | JP¥10.0t | JP¥5.1t | JP¥1.0t | 13.6x | 9.9x | 2x |
| Wed, 18 Feb 2026 | JP¥11.0t | JP¥5.1t | JP¥1.0t | 13.9x | 10.8x | 2.1x |
| Fri, 16 Jan 2026 | JP¥7.0t | JP¥2.8t | JP¥494.2b | 16x | 14.2x | 2.5x |
| Sun, 14 Dec 2025 | JP¥6.4t | JP¥2.7t | JP¥485.8b | 14.8x | 13.2x | 2.3x |
| Tue, 11 Nov 2025 | JP¥9.6t | JP¥4.7t | JP¥865.5b | 14x | 11.1x | 2x |
| Thu, 09 Oct 2025 | JP¥9.7t | JP¥4.6t | JP¥804.1b | 16.4x | 12.1x | 2.1x |
| Sat, 06 Sep 2025 | JP¥9.3t | JP¥4.6t | JP¥811.1b | 16.5x | 11.5x | 2x |
| Mon, 04 Aug 2025 | JP¥8.7t | JP¥4.6t | JP¥810.8b | 15x | 10.7x | 1.9x |
| Wed, 02 Jul 2025 | JP¥8.1t | JP¥4.4t | JP¥708.1b | 13.1x | 11.4x | 1.8x |
| Fri, 30 May 2025 | JP¥7.8t | JP¥4.4t | JP¥708.1b | 13.1x | 10.9x | 1.8x |
| Sun, 27 Apr 2025 | JP¥7.2t | JP¥4.2t | JP¥677.6b | 11.9x | 10.6x | 1.7x |
| Tue, 25 Mar 2025 | JP¥8.1t | JP¥4.3t | JP¥684.7b | 12x | 11.9x | 1.9x |
| Thu, 20 Feb 2025 | JP¥8.4t | JP¥4.3t | JP¥685.2b | 12.1x | 12.3x | 2x |
| Sat, 18 Jan 2025 | JP¥5.3t | JP¥2.3t | JP¥323.6b | 12.6x | 16.3x | 2.3x |
| Mon, 16 Dec 2024 | JP¥5.6t | JP¥2.3t | JP¥312.0b | 13.8x | 17.9x | 2.4x |
| Wed, 13 Nov 2024 | JP¥5.4t | JP¥2.3t | JP¥307.7b | 13.6x | 17.5x | 2.3x |
| Fri, 11 Oct 2024 | JP¥7.5t | JP¥3.9t | JP¥499.5b | 14x | 15x | 1.9x |
| Sun, 08 Sep 2024 | JP¥7.4t | JP¥3.9t | JP¥506.2b | 13.2x | 14.5x | 1.9x |
| Tue, 06 Aug 2024 | JP¥6.2t | JP¥3.9t | JP¥504.7b | 10.4x | 12.3x | 1.6x |
| Thu, 04 Jul 2024 | JP¥5.9t | JP¥2.2t | JP¥297.4b | 14.1x | 19.8x | 2.7x |
| Sat, 01 Jun 2024 | JP¥8.4t | JP¥3.7t | JP¥456.7b | 14x | 18.3x | 2.2x |
| Mon, 29 Apr 2024 | JP¥8.2t | JP¥3.6t | JP¥425.9b | 16x | 19.2x | 2.3x |
| Wed, 27 Mar 2024 | JP¥8.8t | JP¥3.5t | JP¥362.4b | 20.1x | 24.2x | 2.5x |
| Fri, 23 Feb 2024 | JP¥8.1t | JP¥3.5t | JP¥362.6b | 17.3x | 22.3x | 2.3x |
| Sun, 21 Jan 2024 | JP¥6.3t | JP¥3.1t | JP¥334.3b | 16.9x | 19x | 2.1x |
| Tue, 19 Dec 2023 | JP¥5.7t | JP¥3.1t | JP¥334.1b | 15.8x | 17.1x | 1.8x |
| Thu, 16 Nov 2023 | JP¥6.3t | JP¥3.4t | JP¥380.3b | 15.7x | 16.7x | 1.8x |
| Sat, 14 Oct 2023 | JP¥7.4t | JP¥4.3t | JP¥417.9b | 15.7x | 17.7x | 1.7x |
| Mon, 11 Sep 2023 | JP¥7.1t | JP¥4.3t | JP¥416.3b | 16.1x | 17.2x | 1.7x |
| Wed, 09 Aug 2023 | JP¥5.6t | JP¥3.3t | JP¥338.4b | 15.1x | 16.6x | 1.7x |
Price to Earnings Ratio
16.6x
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 14.6x.
- 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 58% per year over the last three years.
- Revenues for these companies have grown 28% 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 | -0.42% | |
| Financials | -3.55% | |
| Capital Markets | -1.28% | |
| Asset Management | 1.95% | |
| Financial Exchanges and Data | -0.96% | |
| Investment Banking and Brokerage | -1.50% | |
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 30.1x.
- Analysts are expecting annual earnings decline of 1.1%, which is lower than the prior year's growth of 91.8% per year.
- Investors are most pessimistic about the Investment Banking and Brokerage industry, which is trading below its 3-year average of 12.7x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Financial Exchanges and Data industry since they expect its earnings to decline by only 1.1% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 92% per year.
- 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 | |
|---|---|---|---|---|---|
| 8473 SBI Holdings | JP¥3.04k | 7.6% +JP¥138.7b | 4.4% | PE4x | |
| 8609 Okasan Securities Group | JP¥1.12k | 5.6% +JP¥11.8b | 70.0% | PE8.1x | |
| 4765 SBI Global Asset Management | JP¥621.00 | 9.5% +JP¥7.5b | -1.6% | PE21.7x | |
| 5842 Integral | JP¥2.93k | 7.6% +JP¥7.0b | -15.5% | PE7.6x | |
| 319A Next Generation Technology Group | JP¥16.56k | 4.1% +JP¥5.7b | 200.5% | PE36.7x |