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Japanese (NIKKEI) Medical Equipment Industry Analysis

UpdatedDec 15, 2025
DataAggregated Company Financials
Companies39
  • 7D-0.3%
  • 3M3.7%
  • 1Y-5.5%
  • YTD-3.5%

In the last week, the Medical Equipment industry is flat overall, with Terumo standing out by going down 3.4%. As for the longer term, the industry has declined 5.5% in the last year. Earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 15 Dec 2025JP¥17.7tJP¥5.8tJP¥626.6b15.7x28.3x3.1x
Wed, 12 Nov 2025JP¥18.3tJP¥5.7tJP¥615.7b15x29.7x3.2x
Fri, 10 Oct 2025JP¥17.4tJP¥5.7tJP¥623.8b15.8x28x3.1x
Sun, 07 Sep 2025JP¥17.2tJP¥5.7tJP¥624.2b16.7x27.6x3x
Tue, 05 Aug 2025JP¥16.3tJP¥5.7tJP¥628.5b16.8x25.9x2.8x
Thu, 03 Jul 2025JP¥15.6tJP¥5.7tJP¥625.3b15.6x24.9x2.7x
Sat, 31 May 2025JP¥16.0tJP¥5.7tJP¥621.6b15x25.7x2.8x
Mon, 28 Apr 2025JP¥16.1tJP¥5.7tJP¥625.3b15.4x25.7x2.8x
Wed, 26 Mar 2025JP¥17.2tJP¥5.7tJP¥627.2b16x27.4x3x
Fri, 21 Feb 2025JP¥17.2tJP¥5.7tJP¥627.2b16.2x27.4x3x
Sun, 19 Jan 2025JP¥18.7tJP¥5.5tJP¥563.2b15.3x33.2x3.4x
Tue, 17 Dec 2024JP¥19.0tJP¥5.5tJP¥563.2b15.7x33.7x3.4x
Thu, 14 Nov 2024JP¥19.4tJP¥5.5tJP¥569.0b14.4x34x3.5x
Sat, 12 Oct 2024JP¥19.8tJP¥5.4tJP¥515.0b19.3x38.5x3.6x
Mon, 09 Sep 2024JP¥18.2tJP¥5.4tJP¥515.7b16.9x35.4x3.4x
Wed, 07 Aug 2024JP¥17.1tJP¥5.3tJP¥496.1b14.2x34.4x3.2x
Fri, 05 Jul 2024JP¥18.6tJP¥5.3tJP¥491.6b15.4x37.8x3.5x
Sun, 02 Jun 2024JP¥18.4tJP¥5.4tJP¥513.4b15.6x35.9x3.4x
Tue, 30 Apr 2024JP¥17.6tJP¥5.3tJP¥485.1b17.3x36.2x3.3x
Thu, 28 Mar 2024JP¥18.5tJP¥5.3tJP¥485.2b18.3x38.1x3.5x
Sat, 24 Feb 2024JP¥18.6tJP¥5.3tJP¥485.2b16.5x38.2x3.5x
Mon, 22 Jan 2024JP¥18.2tJP¥5.2tJP¥509.6b18.1x35.7x3.5x
Wed, 20 Dec 2023JP¥17.1tJP¥5.2tJP¥510.0b17.4x33.5x3.3x
Fri, 17 Nov 2023JP¥16.7tJP¥5.2tJP¥511.2b17x32.8x3.2x
Sun, 15 Oct 2023JP¥15.4tJP¥5.1tJP¥563.7b17.1x27.4x3x
Tue, 12 Sep 2023JP¥16.2tJP¥5.1tJP¥563.4b17.4x28.8x3.2x
Thu, 10 Aug 2023JP¥16.9tJP¥5.1tJP¥574.1b16.7x29.4x3.3x
Sat, 08 Jul 2023JP¥17.0tJP¥5.1tJP¥582.9b16.7x29.1x3.3x
Mon, 05 Jun 2023JP¥17.6tJP¥5.1tJP¥583.3b16.7x30.2x3.5x
Wed, 03 May 2023JP¥16.1tJP¥5.1tJP¥558.5b17.5x28.9x3.2x
Fri, 31 Mar 2023JP¥15.2tJP¥5.1tJP¥559.2b16.7x27.1x3x
Sun, 26 Feb 2023JP¥15.0tJP¥5.1tJP¥559.2b17.1x26.8x3x
Tue, 24 Jan 2023JP¥15.4tJP¥4.9tJP¥551.3b14.8x27.9x3.1x
Thu, 22 Dec 2022JP¥15.1tJP¥4.9tJP¥551.1b15.1x27.4x3.1x
Price to Earnings Ratio

27.4x


Total Market Cap: JP¥15.1tTotal Earnings: JP¥551.1bTotal Revenue: JP¥4.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Medical Equipment Industry Price to Earnings3Y Average 31x202320242025
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 4.4% per year over the last three years.
  • Revenues for these companies have grown 5.3% 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 Market1.69%
Healthcare0.78%
Medical Equipment-0.31%
Medical Supplies0.014%
Medical Equipment-0.71%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry, which is trading close to its 3-year average PE ratio of 33.7x.
    • Analysts are expecting annual earnings growth of 10.7%, 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 29.2x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 11% over the next 5 years.
  • This is better than its past earnings growth rate of 9.4% per year.
  • In contrast, the Medical Supplies industry is expected to see its earnings grow by 11% 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¥24.07k0.6%
+JP¥49.0b		20.8%PE38.9x
6869 SysmexJP¥1.52k4.6%
+JP¥41.5b		-48.9%PE20.2x
3593 Hogy MedicalLtdJP¥6.75k18.4%
+JP¥22.6b		40.6%PE259.9x
6849 Nihon KohdenJP¥1.64k2.2%
+JP¥5.7b		-23.7%PE14.7x
6960 Fukuda DenshiJP¥7.21k2.6%
+JP¥4.9b		2.4%PE10.6x

Latest News

3593
JP¥6,750.00
Hogy MedicalLtd
7D
18.4%
1Y
40.6%
7730
JP¥1,462.00
Mani
7D
2.5%
1Y
-18.3%
6523
JP¥1,098.00
PHC Holdings
7D
2.2%
1Y
13.8%

6523: Earnings Upside Will Emerge From Improved Margins Despite Segment Weakness

Analysts have modestly raised their price target on PHC Holdings to approximately ¥1,244 from about ¥1,223, citing slightly faster expected revenue growth, improved profit margins, and a lower discount rate, despite a marginally reduced future P/E multiple. What's in the News PHC Holdings lowered its consolidated earnings guidance for the fiscal year ending March 31, 2026, cutting profit and EPS forecasts while keeping revenue unchanged at JPY 363.1 billion (Key Developments).
6960
JP¥7,210.00
Fukuda Denshi
7D
2.6%
1Y
2.4%
7741
JP¥24,070.00
HOYA
7D
0.6%
1Y
20.8%

HOYA (TSE:7741) Has A Rock Solid Balance Sheet

Dec 08
HOYA (TSE:7741) Has A Rock Solid Balance Sheet
7733
JP¥2,034.00
Olympus
7D
-2.1%
1Y
-14.0%

Olympus (TSE:7733) Will Pay A Larger Dividend Than Last Year At ¥30.00

Dec 08
Olympus (TSE:7733) Will Pay A Larger Dividend Than Last Year At ¥30.00
4543
JP¥2,290.00
Terumo
7D
-3.4%
1Y
-25.3%

4543: US Imaging Advances Will Support Earnings And Dividend Expansion

Analysts have modestly trimmed their price target on Terumo by approximately ¥44 to reflect slightly lower projected profit margins, partially offset by a small uptick in expected revenue growth and a marginally reduced discount rate. What's in the News Revised full year 2026 guidance now assumes higher revenue of JPY 1,108,000 million but lower operating profit of JPY 181,500 million and EPS of JPY 92.20.
7747
JP¥2,978.00
Asahi Intecc
7D
-2.5%
1Y
18.3%

Asahi Intecc Co., Ltd.'s (TSE:7747) P/E Is Still On The Mark Following 28% Share Price Bounce

Dec 05
Asahi Intecc Co., Ltd.'s (TSE:7747) P/E Is Still On The Mark Following 28% Share Price Bounce
6869
JP¥1,515.00
Sysmex
7D
4.6%
1Y
-48.9%
6849
JP¥1,637.50
Nihon Kohden
7D
2.2%
1Y
-23.7%
4595
JP¥1,637.00
Mizuho MedyLtd
7D
-0.3%
1Y
8.3%
7716
JP¥1,981.00
Nakanishi
7D
-0.1%
1Y
-19.7%
7792
JP¥1,442.00
Colan Totte.Co.Ltd
7D
-0.9%
1Y
43.3%
7749
JP¥2,810.00
MedikitLtd
7D
-0.4%
1Y
2.6%
7575
JP¥1,561.00
Japan Lifeline
7D
3.2%
1Y
16.1%

Japan Lifeline's (TSE:7575) Upcoming Dividend Will Be Larger Than Last Year's

Nov 28
Japan Lifeline's (TSE:7575) Upcoming Dividend Will Be Larger Than Last Year's
3446
JP¥1,216.00
JTEC
7D
-4.6%
1Y
1.3%