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Japanese (NIKKEI) Medical Equipment Industry Analysis

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies20
  • 7D0.9%
  • 3M-11.9%
  • 1Y-24.5%
  • YTDn/a

The Medical Equipment is pretty flat in the last 7 days, but Terumo has stood out, gaining 5.8%. Unfortunately though, the industry is down 24% over the past 12 months. As for the next few years, earnings are expected to grow by 14% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 12 Mar 2026JP¥6.8tJP¥3.6tJP¥313.4b14.6x21.6x1.9x
Sat, 07 Feb 2026JP¥7.4tJP¥3.6tJP¥356.5b15x20.8x2x
Mon, 05 Jan 2026JP¥7.8tJP¥3.6tJP¥357.7b14.8x21.8x2.1x
Wed, 03 Dec 2025JP¥7.9tJP¥3.6tJP¥357.7b14.1x22.2x2.2x
Fri, 31 Oct 2025JP¥8.1tJP¥3.6tJP¥365.4b14.1x22.3x2.3x
Sun, 28 Sep 2025JP¥8.1tJP¥3.6tJP¥365.1b14.2x22.3x2.3x
Tue, 26 Aug 2025JP¥8.3tJP¥3.6tJP¥365.1b13.5x22.7x2.3x
Thu, 24 Jul 2025JP¥8.4tJP¥3.6tJP¥370.7b12.4x22.7x2.3x
Sat, 21 Jun 2025JP¥8.7tJP¥3.6tJP¥370.8b12.3x23.4x2.4x
Mon, 19 May 2025JP¥8.8tJP¥3.6tJP¥370.2b12x23.9x2.4x
Wed, 16 Apr 2025JP¥8.9tJP¥3.6tJP¥361.7b12.6x24.6x2.5x
Fri, 14 Mar 2025JP¥9.3tJP¥3.6tJP¥361.8b13.3x25.8x2.6x
Sun, 09 Feb 2025JP¥9.8tJP¥3.5tJP¥330.6b13.6x29.8x2.8x
Tue, 07 Jan 2025JP¥10.1tJP¥3.5tJP¥318.6b14.1x31.9x2.9x
Thu, 05 Dec 2024JP¥10.5tJP¥3.5tJP¥318.6b13.5x33.1x3x
Sat, 02 Nov 2024JP¥10.5tJP¥3.5tJP¥267.5b14x39.1x3x
Mon, 30 Sep 2024JP¥10.7tJP¥3.5tJP¥269.0b14.6x39.9x3.1x
Wed, 28 Aug 2024JP¥10.3tJP¥3.5tJP¥269.0b14.6x38.4x3x
Fri, 26 Jul 2024JP¥9.9tJP¥3.4tJP¥260.5b12.5x38.1x2.9x
Sun, 23 Jun 2024JP¥10.1tJP¥3.6tJP¥282.2b12.9x35.8x2.8x
Tue, 21 May 2024JP¥10.5tJP¥3.6tJP¥282.1b13.6x37.4x3x
Thu, 18 Apr 2024JP¥9.8tJP¥3.4tJP¥270.2b13.9x36.3x2.8x
Sat, 16 Mar 2024JP¥10.0tJP¥3.4tJP¥270.0b13.9x37.2x2.9x
Mon, 12 Feb 2024JP¥10.0tJP¥3.4tJP¥289.1b12.2x34.7x2.9x
Wed, 10 Jan 2024JP¥9.6tJP¥3.4tJP¥302.0b12.8x31.6x2.8x
Fri, 08 Dec 2023JP¥9.4tJP¥3.4tJP¥302.0b13.8x31.2x2.8x
Sun, 05 Nov 2023JP¥8.8tJP¥3.3tJP¥362.6b15.7x24.2x2.6x
Tue, 03 Oct 2023JP¥8.5tJP¥3.3tJP¥361.1b14.6x23.4x2.5x
Thu, 31 Aug 2023JP¥8.9tJP¥3.3tJP¥361.1b14.7x24.8x2.7x
Sat, 29 Jul 2023JP¥9.8tJP¥3.3tJP¥366.6b14.7x26.6x3x
Mon, 26 Jun 2023JP¥10.0tJP¥3.3tJP¥366.6b14.7x27.3x3x
Wed, 24 May 2023JP¥9.6tJP¥3.3tJP¥366.6b13.6x26.2x2.9x
Fri, 21 Apr 2023JP¥9.4tJP¥3.3tJP¥342.5b13.4x27.3x2.8x
Sun, 19 Mar 2023JP¥8.8tJP¥3.3tJP¥342.5b13.6x25.7x2.7x
Price to Earnings Ratio

25.7x


Total Market Cap: JP¥8.8tTotal Earnings: JP¥342.5bTotal Revenue: JP¥3.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Medical Equipment Industry Price to Earnings3Y Average 28.8x202420252026
Current Industry PE
  • Investors are pessimistic on the Japanese Healthcare Equipment industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 21.6x which is lower than its 3-year average PE of 28.8x.
  • The 3-year average PS ratio of 2.7x is higher than the industry's current PS ratio of 1.9x.
Past Earnings Growth
  • The earnings for companies in the Healthcare Equipment industry have declined 2.9% per year over the last three years.
  • Meanwhile revenues for these companies have grown 2.9% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Comparison

How does Japanese Medical Equipment compare with similar industries?

JP Market-2.75%
Healthcare-1.53%
Medical Equipment-1.49%
Medical Equipment0.86%
Medical Supplies-2.87%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
4543 TerumoJP¥2.05k5.8%
+JP¥165.2b		-24.5%PE23.7x
6869 SysmexJP¥1.45k2.2%
+JP¥19.6b		-46.3%PE20.2x
7716 NakanishiJP¥2.79k7.4%
+JP¥15.7b		31.8%PS2.8x
6960 Fukuda DenshiJP¥9.96k3.5%
+JP¥9.3b		54.9%PE15.1x
7779 CYBERDYNEJP¥350.009.4%
+JP¥6.3b		89.2%PS18x

Latest News

7733
JP¥1,349.00
Olympus
7D
-0.9%
1Y
-33.7%
6523
JP¥1,023.00
PHC Holdings
7D
1.3%
1Y
-3.1%

6523: Future Returns Will Rely On Higher P/E And Margin Discipline

Analysts have nudged their price target on PHC Holdings slightly higher from ¥1,280 to about ¥1,284, reflecting updated assumptions around revenue growth, profit margins and future P/E expectations. What's in the News PHC Holdings has scheduled a board meeting for Feb 12, 2026.
7779
JP¥350.00
CYBERDYNE
7D
9.4%
1Y
89.2%
6869
JP¥1,452.00
Sysmex
7D
2.2%
1Y
-46.3%
4543
JP¥2,054.00
Terumo
7D
5.8%
1Y
-24.5%

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.
6849
JP¥1,537.50
Nihon Kohden
7D
-0.6%
1Y
-28.9%
7716
JP¥2,785.00
Nakanishi
7D
7.4%
1Y
31.8%
3446
JP¥2,271.00
JTEC
7D
13.4%
1Y
90.4%
4595
JP¥1,872.00
Mizuho MedyLtd
7D
2.6%
1Y
29.2%
7749
JP¥2,987.00
MedikitLtd
7D
-0.4%
1Y
10.5%
6960
JP¥9,960.00
Fukuda Denshi
7D
3.5%
1Y
54.9%

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

Feb 11
Return Trends At Fukuda Denshi (TSE:6960) Aren't Appealing