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Japanese (NIKKEI) Medical Equipment Industry Analysis

UpdatedMar 16, 2026
DataAggregated Company Financials
Companies37
  • 7D-2.7%
  • 3M1.4%
  • 1Y7.2%
  • YTD1.3%

Over the last 7 days, the Medical Equipment industry has dropped 2.7%, driven by a pullback from HOYA of 2.6%. Over the past 12 months, the industry was up 7.2%. 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
Mon, 16 Mar 2026JP¥17.7tJP¥5.7tJP¥630.9b15.3x28x3.1x
Wed, 11 Feb 2026JP¥18.7tJP¥5.7tJP¥655.2b16.2x28.6x3.3x
Fri, 09 Jan 2026JP¥18.3tJP¥5.8tJP¥626.5b17.1x29.3x3.2x
Sun, 07 Dec 2025JP¥17.8tJP¥5.8tJP¥626.6b15.5x28.4x3.1x
Tue, 04 Nov 2025JP¥18.3tJP¥5.7tJP¥628.2b15.4x29.2x3.2x
Thu, 02 Oct 2025JP¥16.7tJP¥5.7tJP¥624.2b15.6x26.7x2.9x
Sat, 30 Aug 2025JP¥16.5tJP¥5.7tJP¥624.2b16.4x26.4x2.9x
Mon, 28 Jul 2025JP¥16.8tJP¥5.7tJP¥624.3b15.8x26.9x2.9x
Wed, 25 Jun 2025JP¥16.2tJP¥5.7tJP¥625.4b15.2x25.9x2.8x
Fri, 23 May 2025JP¥16.2tJP¥5.7tJP¥620.8b14.7x26x2.8x
Sun, 20 Apr 2025JP¥15.7tJP¥5.7tJP¥626.7b15.3x25.1x2.8x
Tue, 18 Mar 2025JP¥17.0tJP¥5.7tJP¥627.2b16.1x27.1x3x
Thu, 13 Feb 2025JP¥18.0tJP¥5.6tJP¥590.8b15.4x30.5x3.2x
Sat, 11 Jan 2025JP¥18.9tJP¥5.5tJP¥563.2b16.1x33.5x3.4x
Mon, 09 Dec 2024JP¥19.3tJP¥5.5tJP¥563.2b15x34.2x3.5x
Wed, 06 Nov 2024JP¥19.4tJP¥5.5tJP¥518.3b17.5x37.5x3.6x
Fri, 04 Oct 2024JP¥19.1tJP¥5.4tJP¥515.6b16.4x37x3.5x
Sun, 01 Sep 2024JP¥19.1tJP¥5.4tJP¥517.1b17.8x36.9x3.5x
Tue, 30 Jul 2024JP¥18.3tJP¥5.3tJP¥492.0b15x37.3x3.5x
Thu, 27 Jun 2024JP¥18.4tJP¥5.4tJP¥513.4b15.1x35.8x3.4x
Sat, 25 May 2024JP¥18.2tJP¥5.4tJP¥513.4b15.1x35.4x3.3x
Mon, 22 Apr 2024JP¥16.8tJP¥5.3tJP¥485.1b17.3x34.6x3.2x
Wed, 20 Mar 2024JP¥18.8tJP¥5.3tJP¥485.2b17.9x38.6x3.5x
Fri, 16 Feb 2024JP¥18.0tJP¥5.3tJP¥501.8b17.6x35.9x3.4x
Sun, 14 Jan 2024JP¥18.2tJP¥5.2tJP¥510.3b17.8x35.7x3.5x
Tue, 12 Dec 2023JP¥17.0tJP¥5.2tJP¥510.0b17.5x33.4x3.3x
Thu, 09 Nov 2023JP¥15.8tJP¥5.1tJP¥563.3b18.4x28.1x3.1x
Sat, 07 Oct 2023JP¥15.2tJP¥5.1tJP¥563.4b17.3x27.1x3x
Mon, 04 Sep 2023JP¥16.5tJP¥5.1tJP¥563.4b17.4x29.3x3.2x
Wed, 02 Aug 2023JP¥17.7tJP¥5.1tJP¥572.6b16.7x30.9x3.5x
Fri, 30 Jun 2023JP¥17.6tJP¥5.1tJP¥583.3b16.7x30.2x3.5x
Sun, 28 May 2023JP¥16.8tJP¥5.1tJP¥583.3b16.7x28.8x3.3x
Tue, 25 Apr 2023JP¥15.9tJP¥5.1tJP¥559.5b17.1x28.3x3.1x
Thu, 23 Mar 2023JP¥15.3tJP¥5.1tJP¥559.2b16.8x27.3x3x
Price to Earnings Ratio

27.3x


Total Market Cap: JP¥15.3tTotal Earnings: JP¥559.2bTotal Revenue: JP¥5.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Medical Equipment Industry Price to Earnings3Y Average 31x202420252026
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 31.0x.
  • 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 4.1% per year over the last three years.
  • Revenues for these companies have grown 4.1% 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 Market-2.28%
Healthcare-1.31%
Medical Equipment-2.73%
Medical Equipment-2.27%
Medical Supplies-3.00%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry, which is trading close to its 3-year average PE ratio of 34.4x.
    • Analysts are expecting annual earnings growth of 8.4%, which is higher than its past year's earnings decline of 3.1% per year.
  • Investors are most pessimistic about the Medical Equipment industry, which is trading below its 3-year average of 28.8x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings decline of 3.6% per year.
  • In contrast, the Medical Supplies industry is expected to see its earnings grow by 8.4% 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¥27.57k3.0%
+JP¥271.1b		58.1%PE37.1x
4543 TerumoJP¥2.07k1.6%
+JP¥47.9b		-25.0%PE23.9x
7716 NakanishiJP¥2.82k5.0%
+JP¥11.0b		31.7%PS2.8x
6960 Fukuda DenshiJP¥10.11k4.1%
+JP¥10.9b		58.2%PE15.4x
7743 SEEDLtdJP¥623.0017.8%
+JP¥2.8b		19.3%PE16.1x

Latest News

6849
JP¥1,489.50
Nihon Kohden
7D
-2.4%
1Y
-30.5%
7979
JP¥1,752.00
Shofu
7D
-3.9%
1Y
-13.1%
7733
JP¥1,330.50
Olympus
7D
-2.5%
1Y
-33.2%
7743
JP¥623.00
SEEDLtd
7D
17.8%
1Y
19.3%
7730
JP¥1,548.00
Mani
7D
0.7%
1Y
13.5%

7730: Future Dividend Guidance Will Drive Fair Value View

Analysts have nudged their price target for Mani higher to ¥1,752 from ¥1,731, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E as the drivers of this adjustment. What's in the News Mani issued dividend guidance for the second quarter, indicating a planned dividend of ¥17.00 per share compared with ¥16.00 per share a year earlier (Key Developments).
8086
JP¥1,489.00
Nipro
7D
-2.8%
1Y
11.2%
7779
JP¥314.00
CYBERDYNE
7D
3.0%
1Y
70.7%
6869
JP¥1,399.50
Sysmex
7D
-10.0%
1Y
-51.8%
7575
JP¥1,396.00
Japan Lifeline
7D
-4.0%
1Y
-11.7%
4543
JP¥2,074.50
Terumo
7D
1.6%
1Y
-25.0%

4543: US Imaging Advances Will Support Future Earnings And Dividend Expansion

Analysts have adjusted their price target for Terumo from ¥3,136 to ¥2,956. This change reflects updated assumptions around fair value, discount rate, revenue growth, profit margins and future P/E expectations.
7716
JP¥2,822.00
Nakanishi
7D
5.0%
1Y
31.7%
4549
JP¥2,880.00
Eiken Chemical
7D
-4.3%
1Y
23.8%
7747
JP¥3,127.00
Asahi Intecc
7D
-1.2%
1Y
32.2%
6960
JP¥10,110.00
Fukuda Denshi
7D
4.1%
1Y
58.2%

Return Trends At Fukuda Denshi (TSE:6960) Aren't Appealing

Feb 11
Return Trends At Fukuda Denshi (TSE:6960) Aren't Appealing
7634
JP¥5,690.00
Hoshi Iryo-Sanki
7D
12.9%
1Y
28.9%
7741
JP¥27,570.00
HOYA
7D
3.0%
1Y
58.1%

HOYA Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Feb 03
HOYA Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions