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Japanese (NIKKEI) Medical Equipment Industry Analysis

UpdatedJan 15, 2026
DataAggregated Company Financials
Companies39
  • 7D1.9%
  • 3M8.8%
  • 1Y0.3%
  • YTD4.8%

The Medical Equipment industry is up 1.9% in the last week, with HOYA up 2.1%. Overall in the last year, the industry is flat. As for the next few years, earnings are expected to grow by 11% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 15 Jan 2026JP¥18.7tJP¥5.8tJP¥626.5b16.5x29.8x3.2x
Sat, 13 Dec 2025JP¥17.8tJP¥5.8tJP¥626.6b15.7x28.3x3.1x
Mon, 10 Nov 2025JP¥18.3tJP¥5.7tJP¥615.7b14.9x29.6x3.2x
Wed, 08 Oct 2025JP¥17.7tJP¥5.7tJP¥624.0b15.9x28.3x3.1x
Fri, 05 Sep 2025JP¥16.8tJP¥5.7tJP¥624.2b16.4x26.9x2.9x
Sun, 03 Aug 2025JP¥16.2tJP¥5.7tJP¥628.5b16.5x25.7x2.8x
Tue, 01 Jul 2025JP¥16.0tJP¥5.7tJP¥625.3b15.8x25.6x2.8x
Thu, 29 May 2025JP¥16.2tJP¥5.7tJP¥621.6b14.9x26x2.8x
Sat, 26 Apr 2025JP¥16.1tJP¥5.7tJP¥625.3b15.4x25.7x2.8x
Mon, 24 Mar 2025JP¥17.0tJP¥5.7tJP¥627.2b16.3x27.1x3x
Wed, 19 Feb 2025JP¥17.8tJP¥5.7tJP¥627.2b16.3x28.4x3.1x
Fri, 17 Jan 2025JP¥18.8tJP¥5.5tJP¥563.2b15.3x33.5x3.4x
Sun, 15 Dec 2024JP¥19.0tJP¥5.5tJP¥563.2b15.6x33.8x3.4x
Tue, 12 Nov 2024JP¥19.9tJP¥5.5tJP¥569.1b15.7x34.9x3.6x
Thu, 10 Oct 2024JP¥19.9tJP¥5.4tJP¥515.0b18.3x38.6x3.7x
Sat, 07 Sep 2024JP¥18.2tJP¥5.4tJP¥515.7b16.9x35.4x3.4x
Mon, 05 Aug 2024JP¥16.9tJP¥5.3tJP¥496.1b14.6x34x3.2x
Wed, 03 Jul 2024JP¥18.2tJP¥5.3tJP¥491.6b15.3x37x3.5x
Fri, 31 May 2024JP¥18.0tJP¥5.4tJP¥513.4b15.2x35.1x3.3x
Sun, 28 Apr 2024JP¥17.6tJP¥5.3tJP¥485.1b17.3x36.2x3.3x
Tue, 26 Mar 2024JP¥18.3tJP¥5.3tJP¥485.2b18.2x37.8x3.5x
Thu, 22 Feb 2024JP¥18.3tJP¥5.3tJP¥485.2b16.5x37.7x3.4x
Sat, 20 Jan 2024JP¥18.2tJP¥5.2tJP¥509.6b18.1x35.7x3.5x
Mon, 18 Dec 2023JP¥17.0tJP¥5.2tJP¥510.0b17.3x33.3x3.2x
Wed, 15 Nov 2023JP¥15.9tJP¥5.2tJP¥499.3b16.9x31.9x3.1x
Fri, 13 Oct 2023JP¥15.6tJP¥5.1tJP¥563.5b17.2x27.6x3x
Sun, 10 Sep 2023JP¥16.2tJP¥5.1tJP¥563.4b17.4x28.8x3.2x
Tue, 08 Aug 2023JP¥17.3tJP¥5.1tJP¥572.5b16.7x30.3x3.4x
Thu, 06 Jul 2023JP¥17.4tJP¥5.1tJP¥582.9b16.7x29.8x3.4x
Sat, 03 Jun 2023JP¥17.6tJP¥5.1tJP¥583.3b16.7x30.2x3.5x
Mon, 01 May 2023JP¥15.9tJP¥5.1tJP¥558.5b17.2x28.4x3.1x
Wed, 29 Mar 2023JP¥15.1tJP¥5.1tJP¥559.2b16.9x27x3x
Fri, 24 Feb 2023JP¥14.9tJP¥5.1tJP¥559.2b17x26.6x2.9x
Sun, 22 Jan 2023JP¥15.3tJP¥4.9tJP¥551.3b14.8x27.7x3.1x
Price to Earnings Ratio

27.7x


Total Market Cap: JP¥15.3tTotal Earnings: JP¥551.3bTotal Revenue: JP¥4.9tTotal 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 4.4% 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 Market3.51%
Healthcare1.94%
Medical Equipment1.92%
Medical Supplies2.61%
Medical Equipment1.02%
Industry PE
  • Investors are most optimistic about the Medical Supplies industry which is trading above its 3-year average PE ratio of 34.0x.
    • 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 29.1x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 12% 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¥25.61k2.2%
+JP¥189.5b		26.0%PE41.4x
6869 SysmexJP¥1.60k2.1%
+JP¥20.6b		-45.7%PE21.4x
6960 Fukuda DenshiJP¥8.78k5.7%
+JP¥12.8b		30.7%PE13x
7730 ManiJP¥1.61k8.8%
+JP¥12.8b		11.1%PE32x
6849 Nihon KohdenJP¥1.83k2.7%
+JP¥7.9b		-11.7%PE16.3x

Latest News

7730
JP¥1,605.00
Mani
7D
8.8%
1Y
11.1%
7733
JP¥2,073.00
Olympus
7D
-0.7%
1Y
-9.9%

Olympus Corporation's (TSE:7733) Price In Tune With Earnings

Jan 14
Olympus Corporation's (TSE:7733) Price In Tune With Earnings
368A
JP¥1,599.00
Kitazato
7D
-3.7%
1Y
n/a
6523
JP¥1,182.00
PHC Holdings
7D
0.9%
1Y
23.0%
7779
JP¥241.00
CYBERDYNE
7D
9.5%
1Y
39.3%

CYBERDYNE Inc.'s (TSE:7779) Earnings Haven't Escaped The Attention Of Investors

Jan 13
CYBERDYNE Inc.'s (TSE:7779) Earnings Haven't Escaped The Attention Of Investors
7741
JP¥25,610.00
HOYA
7D
2.2%
1Y
26.0%

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

Jan 10
HOYA (TSE:7741) Is Investing Its Capital With Increasing Efficiency
6849
JP¥1,825.50
Nihon Kohden
7D
2.7%
1Y
-11.7%

Estimating The Intrinsic Value Of Nihon Kohden Corporation (TSE:6849)

Jan 08
Estimating The Intrinsic Value Of Nihon Kohden Corporation (TSE:6849)
4543
JP¥2,240.00
Terumo
7D
-1.8%
1Y
-24.0%

4543: Dividend Increases And U.S. Device Adoption Will Support Balanced Outlook

Analysts have kept their price target for Terumo steady at ¥2,500, citing only minor model tweaks in the discount rate, revenue growth, profit margin and future P/E assumptions, rather than a material change in their view of the shares. What's in the News Terumo announced a second quarter dividend for the period ending in 2026 of ¥15.00 per share, with payment scheduled for December 2, 2025.
6869
JP¥1,600.00
Sysmex
7D
2.1%
1Y
-45.7%

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

Jan 05
Sysmex Corporation's (TSE:6869) Share Price Matching Investor Opinion
6960
JP¥8,780.00
Fukuda Denshi
7D
5.7%
1Y
30.7%
7747
JP¥2,978.50
Asahi Intecc
7D
-0.7%
1Y
20.5%

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

Dec 24
Estimating The Fair Value Of Asahi Intecc Co., Ltd. (TSE:7747)
197A
JP¥515.00
TAUNS LaboratoriesInc
7D
-1.2%
1Y
-23.5%
7716
JP¥2,048.00
Nakanishi
7D
2.1%
1Y
-18.9%
3593
JP¥6,680.00
Hogy MedicalLtd
7D
-0.1%
1Y
39.2%
4549
JP¥2,438.00
Eiken Chemical
7D
-3.4%
1Y
13.6%

Eiken Chemical (TSE:4549) Is Due To Pay A Dividend Of ¥29.00

Dec 02
Eiken Chemical (TSE:4549) Is Due To Pay A Dividend Of ¥29.00
7575
JP¥1,611.00
Japan Lifeline
7D
-0.6%
1Y
17.7%

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