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Japanese (NIKKEI) Medical Equipment Industry Analysis

UpdatedJan 30, 2026
DataAggregated Company Financials
Companies39
  • 7D-2.2%
  • 3M-3.6%
  • 1Y-8.2%
  • YTD-1.5%

Over the last 7 days, the Medical Equipment industry has dropped 2.2%, driven by a pullback from Terumo of 8.2%. However, the industry is down 8.2% over the past year. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 30 Jan 2026JP¥17.6tJP¥5.8tJP¥626.8b15.4x28.1x3.1x
Sun, 28 Dec 2025JP¥17.7tJP¥5.8tJP¥626.5b15.9x28.2x3.1x
Tue, 25 Nov 2025JP¥17.7tJP¥5.8tJP¥627.1b15.8x28.3x3.1x
Thu, 23 Oct 2025JP¥17.9tJP¥5.7tJP¥623.7b15.5x28.8x3.1x
Sat, 20 Sep 2025JP¥16.8tJP¥5.7tJP¥624.2b16.5x26.9x2.9x
Mon, 18 Aug 2025JP¥16.8tJP¥5.7tJP¥624.2b16.5x26.9x2.9x
Wed, 16 Jul 2025JP¥15.9tJP¥5.7tJP¥624.7b15.6x25.5x2.8x
Fri, 13 Jun 2025JP¥16.1tJP¥5.7tJP¥621.6b15.1x25.9x2.8x
Sun, 11 May 2025JP¥16.7tJP¥5.7tJP¥621.0b15.9x26.9x2.9x
Tue, 08 Apr 2025JP¥14.9tJP¥5.7tJP¥627.1b13.3x23.8x2.6x
Thu, 06 Mar 2025JP¥17.0tJP¥5.7tJP¥627.2b16.2x27x3x
Sat, 01 Feb 2025JP¥19.1tJP¥5.5tJP¥563.4b16x34x3.5x
Mon, 30 Dec 2024JP¥19.2tJP¥5.5tJP¥563.2b15.8x34x3.5x
Wed, 27 Nov 2024JP¥19.2tJP¥5.5tJP¥563.1b15.4x34.1x3.5x
Fri, 25 Oct 2024JP¥19.3tJP¥5.4tJP¥515.0b16.6x37.5x3.6x
Sun, 22 Sep 2024JP¥18.7tJP¥5.4tJP¥515.7b19.1x36.3x3.4x
Tue, 20 Aug 2024JP¥18.2tJP¥5.4tJP¥516.8b17.6x35.1x3.3x
Thu, 18 Jul 2024JP¥19.3tJP¥5.3tJP¥492.0b15.5x39.3x3.7x
Sat, 15 Jun 2024JP¥18.4tJP¥5.4tJP¥513.4b15.6x35.8x3.4x
Mon, 13 May 2024JP¥17.8tJP¥5.4tJP¥481.9b17.5x36.9x3.3x
Wed, 10 Apr 2024JP¥17.3tJP¥5.3tJP¥485.4b17.5x35.7x3.3x
Fri, 08 Mar 2024JP¥18.8tJP¥5.3tJP¥485.2b18x38.8x3.5x
Sun, 04 Feb 2024JP¥18.0tJP¥5.3tJP¥518.0b19.1x34.7x3.4x
Tue, 02 Jan 2024JP¥17.2tJP¥5.2tJP¥510.0b18x33.8x3.3x
Thu, 30 Nov 2023JP¥17.1tJP¥5.2tJP¥510.3b18x33.5x3.3x
Sat, 28 Oct 2023JP¥15.1tJP¥5.1tJP¥563.7b17x26.7x2.9x
Mon, 25 Sep 2023JP¥15.8tJP¥5.1tJP¥563.4b17.2x28.1x3.1x
Wed, 23 Aug 2023JP¥15.6tJP¥5.1tJP¥563.4b17.2x27.7x3x
Fri, 21 Jul 2023JP¥16.7tJP¥5.1tJP¥582.7b16.7x28.6x3.3x
Sun, 18 Jun 2023JP¥17.9tJP¥5.1tJP¥583.3b16.7x30.7x3.5x
Tue, 16 May 2023JP¥16.5tJP¥5.1tJP¥578.6b16.7x28.6x3.2x
Thu, 13 Apr 2023JP¥15.7tJP¥5.1tJP¥559.5b16.8x28.1x3.1x
Sat, 11 Mar 2023JP¥15.6tJP¥5.1tJP¥559.2b17.2x27.9x3.1x
Mon, 06 Feb 2023JP¥15.8tJP¥5.0tJP¥533.7b15.4x29.5x3.2x
Price to Earnings Ratio

29.5x


Total Market Cap: JP¥15.8tTotal Earnings: JP¥533.7bTotal Revenue: JP¥5.0tTotal 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 5.5% per year over the last three years.
  • Revenues for these companies have grown 5.2% 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-1.87%
Healthcare-1.79%
Medical Equipment-2.16%
Medical Supplies0.43%
Medical Equipment-5.63%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio of 34.1x.
    • Analysts are expecting annual earnings growth of 11.7%, which is higher than its past year's earnings growth of 0.2% per year.
  • Investors are most pessimistic about the Medical Equipment industry, which is trading below its 3-year average of 29.0x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Supplies industry, expecting annual earnings growth of 12% over the next 5 years.
  • This is better than its past earnings growth rate of 0.2% per year.
  • In contrast, the Medical Equipment industry is expected to see its earnings grow by 12% 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¥26.04k2.3%
+JP¥201.4b		24.1%PE42.1x
5187 Create MedicJP¥1.13k4.9%
+JP¥448.9m		23.6%PE12.5x
7634 Hoshi Iryo-SankiJP¥5.09k1.6%
+JP¥249.9m		13.9%PE10.9x
7749 MedikitLtdJP¥3.00k0.5%
+JP¥219.4m		14.2%PE14.2x

Latest News

7733
JP¥1,847.00
Olympus
7D
-2.8%
1Y
-22.0%

Olympus (TSE:7733) Has Announced That It Will Be Increasing Its Dividend To ¥30.00

Jan 28
Olympus (TSE:7733) Has Announced That It Will Be Increasing Its Dividend To ¥30.00
6960
JP¥8,510.00
Fukuda Denshi
7D
-8.6%
1Y
26.4%
4543
JP¥2,011.00
Terumo
7D
-6.9%
1Y
-31.4%

These 4 Measures Indicate That Terumo (TSE:4543) Is Using Debt Safely

Jan 27
These 4 Measures Indicate That Terumo (TSE:4543) Is Using Debt Safely
7730
JP¥1,529.00
Mani
7D
-5.6%
1Y
5.7%

7730: Fair Value View Will Depend On Dividend Outlook And Stable Margins

Analysts now place Mani’s fair value at $1,673, up from $1,563, reflecting updated assumptions around slightly higher revenue growth, modestly stronger profit margins, and a somewhat higher future P/E multiple. What's in the News Mani issued dividend guidance for the second quarter, with an expected dividend of ¥17.00 per share compared with ¥16.00 per share a year earlier (Key Developments).
6523
JP¥1,085.00
PHC Holdings
7D
-7.2%
1Y
4.2%

6523: Future Returns Will Depend On FX Management And Margin Stability

Analysts have lifted their price target on PHC Holdings from ¥1,244.29 to ¥1,280.00, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E as key drivers of the revision. What's in the News PHC Holdings revised consolidated earnings guidance for the fiscal year ending March 31, 2026, keeping revenue guidance at ¥363,100 million.
6849
JP¥1,714.50
Nihon Kohden
7D
-6.4%
1Y
-22.8%
7741
JP¥26,035.00
HOYA
7D
2.3%
1Y
24.1%

HOYA (TSE:7741) Is Investing Its Capital With Increasing Efficiency

Jan 10
HOYA (TSE:7741) Is Investing Its Capital With Increasing Efficiency
6869
JP¥1,468.00
Sysmex
7D
-6.2%
1Y
-50.8%

Sysmex Corporation's (TSE:6869) Share Price Matching Investor Opinion

Jan 05
Sysmex Corporation's (TSE:6869) Share Price Matching Investor Opinion
7747
JP¥2,576.50
Asahi Intecc
7D
-8.0%
1Y
-1.6%

Estimating The Fair Value Of Asahi Intecc Co., Ltd. (TSE:7747)

Dec 24
Estimating The Fair Value Of Asahi Intecc Co., Ltd. (TSE:7747)
5187
JP¥1,126.00
Create Medic
7D
4.9%
1Y
23.6%
7634
JP¥5,090.00
Hoshi Iryo-Sanki
7D
1.6%
1Y
13.9%
7749
JP¥2,998.00
MedikitLtd
7D
0.5%
1Y
14.2%