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Japanese (NIKKEI) Medical Equipment Industry Analysis

UpdatedJun 17, 2026
DataAggregated Company Financials
Companies36
  • 7D0.7%
  • 3M0.8%
  • 1Y18.2%
  • YTD4.4%

Last week, the Medical Equipment industry hasn't moved much but HOYA is up 7.4% in that time. As for the the longer term, the industry is up 18% over the past 12 months. As for the next few years, earnings are expected to grow by 10% per annum.

Industry Valuation and Performance

Has the Japanese Medical Equipment Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 18 Jun 2026JP¥18.1tJP¥5.8tJP¥629.5b14.6x28.7x3.1x
Sat, 16 May 2026JP¥18.0tJP¥5.8tJP¥602.4b14.5x29.8x3.1x
Mon, 13 Apr 2026JP¥18.8tJP¥5.7tJP¥631.0b15.6x29.8x3.3x
Wed, 11 Mar 2026JP¥17.8tJP¥5.7tJP¥630.9b15.2x28.2x3.1x
Fri, 06 Feb 2026JP¥18.2tJP¥5.8tJP¥666.5b16x27.3x3.1x
Sun, 04 Jan 2026JP¥17.6tJP¥5.8tJP¥626.5b16.1x28.1x3.1x
Tue, 02 Dec 2025JP¥17.5tJP¥5.8tJP¥627.1b15.5x28x3x
Thu, 30 Oct 2025JP¥17.9tJP¥5.7tJP¥623.0b15.4x28.7x3.1x
Sat, 27 Sep 2025JP¥16.8tJP¥5.7tJP¥624.2b16.5x26.8x2.9x
Mon, 25 Aug 2025JP¥16.7tJP¥5.7tJP¥624.2b16.4x26.8x2.9x
Wed, 23 Jul 2025JP¥15.7tJP¥5.7tJP¥624.6b15.7x25.1x2.7x
Fri, 20 Jun 2025JP¥15.9tJP¥5.7tJP¥621.6b14.8x25.6x2.8x
Sun, 18 May 2025JP¥16.4tJP¥5.7tJP¥627.3b15.4x26.2x2.9x
Tue, 15 Apr 2025JP¥15.4tJP¥5.7tJP¥626.9b14.9x24.6x2.7x
Thu, 13 Mar 2025JP¥16.8tJP¥5.7tJP¥627.2b15.8x26.7x3x
Sat, 08 Feb 2025JP¥17.9tJP¥5.6tJP¥586.3b15x30.6x3.2x
Mon, 06 Jan 2025JP¥18.9tJP¥5.5tJP¥563.2b15.9x33.6x3.4x
Wed, 04 Dec 2024JP¥19.2tJP¥5.5tJP¥563.2b15.1x34.2x3.5x
Fri, 01 Nov 2024JP¥19.5tJP¥5.4tJP¥515.0b17x37.9x3.6x
Sun, 29 Sep 2024JP¥19.7tJP¥5.4tJP¥515.7b17x38.2x3.6x
Tue, 27 Aug 2024JP¥19.1tJP¥5.4tJP¥517.1b17.1x37x3.5x
Thu, 25 Jul 2024JP¥18.1tJP¥5.3tJP¥492.0b15.1x36.9x3.4x
Sat, 22 Jun 2024JP¥18.1tJP¥5.4tJP¥513.4b15x35.2x3.3x
Mon, 20 May 2024JP¥18.6tJP¥5.4tJP¥513.3b15.3x36.2x3.4x
Wed, 17 Apr 2024JP¥17.1tJP¥5.3tJP¥485.1b17.7x35.3x3.2x
Fri, 15 Mar 2024JP¥18.3tJP¥5.3tJP¥485.2b17.6x37.8x3.5x
Sun, 11 Feb 2024JP¥18.0tJP¥5.3tJP¥506.3b18.1x35.6x3.4x
Tue, 09 Jan 2024JP¥16.9tJP¥5.2tJP¥510.0b17.8x33.2x3.2x
Thu, 07 Dec 2023JP¥17.1tJP¥5.2tJP¥510.0b17.7x33.5x3.3x
Sat, 04 Nov 2023JP¥15.7tJP¥5.1tJP¥563.5b17.7x27.9x3.1x
Mon, 02 Oct 2023JP¥15.5tJP¥5.1tJP¥563.4b17.2x27.5x3x
Wed, 30 Aug 2023JP¥16.2tJP¥5.1tJP¥563.4b17.4x28.8x3.2x
Fri, 28 Jul 2023JP¥17.2tJP¥5.1tJP¥582.7b16.7x29.4x3.4x
Sun, 25 Jun 2023JP¥17.6tJP¥5.1tJP¥583.3b16.7x30.1x3.5x
Price to Earnings Ratio

30.1x


Total Market Cap: JP¥17.6tTotal Earnings: JP¥583.3bTotal Revenue: JP¥5.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Medical Equipment Industry Price to Earnings3Y Average 31.1x202420252026
Current Industry PE
  • Investors are relatively neutral on the Japanese Medical Equipment industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 31.1x.
  • The industry is trading close to its 3-year average PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have grown 2.6% per year over the last three years.
  • Revenues for these companies have grown 4.6% 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 Healthcare industry?

JP Market2.89%
Healthcare0.59%
Medical Equipment0.74%
Medical Supplies4.06%
Medical Equipment-3.94%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry, which is trading close to its 3-year average PE ratio of 34.6x.
    • Analysts are expecting annual earnings growth of 8.7%, which is higher than its past year's earnings growth of 2.8% per year.
  • Investors are most pessimistic about the Medical Equipment industry, which is trading below its 3-year average of 28.5x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings decline of 0.2% per year.
  • In contrast, the Medical Supplies industry is expected to see its earnings grow by 8.7% 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
7741 HOYAJP¥27.62k7.4%
+JP¥638.9b		61.1%PE36.5x
7730 ManiJP¥1.70k1.2%
+JP¥2.1b		42.0%PE30x
6823 RionJP¥3.76k4.3%
+JP¥1.9b		53.4%PE13.8x
368A KitazatoJP¥1.21k1.8%
+JP¥840.0m		n/aPE12.4x
7749 MedikitLtdJP¥2.82k1.3%
+JP¥506.7m		12.8%PE13.6x

Latest News

6869
JP¥1,424.50
Sysmex
7D
-2.9%
1Y
-42.5%
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6960
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Fukuda Denshi
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61.9%
8086
JP¥1,660.00
Nipro
7D
-4.4%
1Y
32.8%
7733
JP¥1,612.00
Olympus
7D
-10.6%
1Y
-16.2%
Narrative Update • Jun 15

7733: New Leadership And Capital Returns Will Likely Support Fairly Valued Shares

Analysts have raised their price target on Olympus to ¥2,300 from ¥1,700, citing increased confidence in the new management team and its external medtech operating experience as key drivers of the reassessment. What's in the News The Board of Directors approved a share repurchase program on May 12, 2026, authorizing buybacks of up to 46,000,000 shares, or 4.18% of issued share capital, for ¥60,000 million.
4543
JP¥2,246.00
Terumo
7D
-2.7%
1Y
-14.6%
Narrative Update • Jun 15

4543: Dividend Increases And Development Center Progress Will Support Balanced Return Potential

Analysts kept Terumo's price target steady at ¥2,100, citing relatively unchanged fair value assumptions along with small adjustments to the discount rate, revenue growth, profit margin and future P/E inputs. What's in the News Terumo proposed a full-year dividend for the year ended March 31, 2026 of ¥15.00 per share, compared with ¥13.00 per share paid a year earlier, with dividend payments scheduled to start on June 29, 2026 and the annual general meeting set for June 26, 2026.
7747
JP¥3,609.00
Asahi Intecc
7D
-4.1%
1Y
59.7%
7741
JP¥27,620.00
HOYA
7D
7.4%
1Y
61.1%
7730
JP¥1,704.00
Mani
7D
1.2%
1Y
42.0%
Narrative Update • Jun 07

7730: Dividend Increase And Refined Assumptions Will Shape Balanced Future Outlook

Analysts have adjusted their price target on Mani to ¥1,915 from ¥1,872, citing updated assumptions around the discount rate, revenue growth, profit margin, and future P/E, which lead to a modestly higher assessed fair value. What's in the News Mani announced a cash dividend of ¥17.00 per share for the second quarter ended February 28, 2026, compared with ¥16.00 per share for the same quarter a year earlier.
6823
JP¥3,755.00
Rion
7D
4.3%
1Y
53.4%
368A
JP¥1,206.00
Kitazato
7D
1.8%
1Y
n/a
7792
JP¥1,447.00
Colan Totte.Co.Ltd
7D
2.1%
1Y
-1.0%
7749
JP¥2,821.00
MedikitLtd
7D
1.3%
1Y
12.8%
3446
JP¥1,673.00
JTEC
7D
3.5%
1Y
34.4%
Narrative Update • May 28

Optical keeps strong momentum, and Semiconductor is poised to deliver

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7716
JP¥3,000.00
Nakanishi
7D
-1.6%
1Y
57.3%
4574
JP¥267.00
Taiko PharmaceuticalLtd
7D
3.5%
1Y
7.7%
7779
JP¥257.00
CYBERDYNE
7D
-11.7%
1Y
47.7%