Header cover image

Japanese (NIKKEI) Medical Equipment Industry Analysis

UpdatedJun 25, 2024
DataAggregated Company Financials
Companies41
  • 7D1.7%
  • 3M-0.4%
  • 1Y6.3%
  • YTD7.9%

In the last week, the Medical Equipment industry is up 1.7%, with HOYA up 3.3%. This takes the industry's 12 month performance to a gain of 6.3%. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 25 Jun 2024JP¥18.3tJP¥5.4tJP¥513.4b15.6x35.6x3.4x
Thu, 23 May 2024JP¥18.1tJP¥5.4tJP¥513.4b15.2x35.3x3.3x
Sat, 20 Apr 2024JP¥17.3tJP¥5.3tJP¥485.1b17.4x35.7x3.3x
Mon, 18 Mar 2024JP¥18.4tJP¥5.3tJP¥485.2b18x38x3.5x
Wed, 14 Feb 2024JP¥18.2tJP¥5.3tJP¥504.9b17.8x36x3.4x
Fri, 12 Jan 2024JP¥17.8tJP¥5.2tJP¥510.0b17.9x34.9x3.4x
Sun, 10 Dec 2023JP¥16.9tJP¥5.2tJP¥510.0b17.4x33.2x3.2x
Tue, 07 Nov 2023JP¥16.1tJP¥5.1tJP¥563.4b18x28.5x3.1x
Thu, 05 Oct 2023JP¥15.3tJP¥5.1tJP¥563.4b17.1x27.2x3x
Sat, 02 Sep 2023JP¥16.5tJP¥5.1tJP¥563.4b17.4x29.4x3.2x
Mon, 31 Jul 2023JP¥17.0tJP¥5.1tJP¥581.8b16.7x29.3x3.3x
Wed, 28 Jun 2023JP¥17.2tJP¥5.1tJP¥583.3b16.7x29.5x3.4x
Fri, 26 May 2023JP¥16.7tJP¥5.1tJP¥583.3b16.7x28.7x3.3x
Sun, 23 Apr 2023JP¥15.8tJP¥5.1tJP¥559.5b17x28.2x3.1x
Tue, 21 Mar 2023JP¥15.2tJP¥5.1tJP¥559.2b16.5x27.1x3x
Thu, 16 Feb 2023JP¥15.4tJP¥5.1tJP¥559.3b16.7x27.5x3x
Sat, 14 Jan 2023JP¥14.9tJP¥4.9tJP¥551.3b14.8x27x3x
Mon, 12 Dec 2022JP¥16.3tJP¥4.9tJP¥551.1b15.3x29.6x3.3x
Wed, 09 Nov 2022JP¥16.7tJP¥4.8tJP¥545.5b14.4x30.7x3.5x
Fri, 07 Oct 2022JP¥17.4tJP¥4.8tJP¥540.4b14.6x32.1x3.6x
Sun, 04 Sep 2022JP¥17.1tJP¥4.8tJP¥540.3b15.3x31.6x3.6x
Tue, 02 Aug 2022JP¥17.2tJP¥4.7tJP¥546.0b15.8x31.4x3.7x
Thu, 30 Jun 2022JP¥15.4tJP¥4.7tJP¥544.7b14.8x28.3x3.3x
Sat, 28 May 2022JP¥16.0tJP¥4.7tJP¥544.7b14.4x29.3x3.4x
Mon, 25 Apr 2022JP¥15.7tJP¥4.6tJP¥549.5b13.1x28.5x3.4x
Wed, 23 Mar 2022JP¥15.5tJP¥4.6tJP¥549.6b13.4x28.3x3.4x
Fri, 18 Feb 2022JP¥16.3tJP¥4.6tJP¥562.3b12.9x29.1x3.6x
Sun, 16 Jan 2022JP¥17.4tJP¥4.5tJP¥558.5b14.3x31.1x3.9x
Tue, 14 Dec 2021JP¥19.8tJP¥4.5tJP¥558.2b15.1x35.4x4.4x
Thu, 11 Nov 2021JP¥20.0tJP¥4.5tJP¥553.0b16.9x36.1x4.5x
Sat, 09 Oct 2021JP¥19.1tJP¥4.0tJP¥493.4b17.7x38.8x4.7x
Mon, 06 Sep 2021JP¥20.3tJP¥4.0tJP¥493.9b19.5x41.1x5x
Wed, 04 Aug 2021JP¥18.5tJP¥4.0tJP¥493.9b19.4x37.5x4.6x
Price to Earnings Ratio

36x


Total Market Cap: JP¥17.8tTotal Earnings: JP¥493.6bTotal Revenue: JP¥4.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Medical Equipment Industry Price to Earnings3Y Average 32.1x202220232024
Current Industry PE
  • Investors are optimistic on the Japanese Medical Equipment industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 35.6x which is higher than its 3-year average PE of 32.1x.
  • The industry is trading close to its 3-year average PS ratio of 3.6x.
Past Earnings Growth
  • The earnings for companies in the Medical Equipment industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 10% 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 and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Japanese Healthcare industry?

JP Market1.54%
Healthcare1.99%
Medical Equipment1.68%
Medical Supplies3.18%
Medical Equipment0.54%
Industry PE
  • Investors are most optimistic about the Medical Equipment industry which is trading above its 3-year average PE ratio of 30.8x.
    • Analysts are expecting annual earnings growth of 15.7%, which is higher than its past year's earnings growth of 11.2% per year.
  • Investors are most pessimistic about the Medical Supplies industry, which is trading close to its 3-year average of 34.0x.
Forecasted Growth
  • Analysts are most optimistic on the Medical Equipment industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Medical Supplies industry is expected to see its earnings grow by 9.9% 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¥18.81k2.5%
+JP¥157.5b		13.8%PE36.3x
6869 SysmexJP¥2.56k1.6%
+JP¥25.3b		-21.5%PE32.1x
6960 Fukuda DenshiJP¥6.71k12.2%
+JP¥21.0b		41.3%PE10.3x
6951 JEOLJP¥6.76k5.1%
+JP¥16.9b		35.1%PE15.9x
4543 TerumoJP¥2.60k0.4%
+JP¥14.8b		17.1%PE36.3x
Simply Wall St™
Simply Wall Street Pty Ltd
Level 7, 320 Pitt Street, Sydney
Download on the App StoreGet it on Google Play
Popular Markets
USAUUKINCAZA
About UsCareersPlansLogin
Help CenterLatest CoveragePodcastsAffiliate ProgramBusiness & Enterprise
Financial Services GuideTerms and ConditionsPrivacy Policy
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.

Latest News

7979

JP¥4,635.00

Shofu

7D

8.9%

1Y

99.6%

6951

JP¥6,760.00

JEOL

7D

5.1%

1Y

35.1%

JEOL Ltd. (TSE:6951) Shares Could Be 30% Below Their Intrinsic Value Estimate

Jun 23
JEOL Ltd. (TSE:6951) Shares Could Be 30% Below Their Intrinsic Value Estimate

7716

JP¥2,527.00

Nakanishi

7D

6.4%

1Y

-21.3%

With EPS Growth And More, Nakanishi (TSE:7716) Makes An Interesting Case

Jun 20
With EPS Growth And More, Nakanishi (TSE:7716) Makes An Interesting Case

4595

JP¥3,390.00

Mizuho MedyLtd

7D

-0.6%

1Y

57.6%

4543

JP¥2,599.50

Terumo

7D

0.4%

1Y

17.1%

Return Trends At Terumo (TSE:4543) Aren't Appealing

Jun 20
Return Trends At Terumo (TSE:4543) Aren't Appealing

7741

JP¥18,805.00

HOYA

7D

2.5%

1Y

13.8%

6960

JP¥6,710.00

Fukuda Denshi

7D

12.2%

1Y

41.3%

3604

JP¥782.00

Kawamoto

7D

-0.6%

1Y

-16.2%

6869

JP¥2,556.50

Sysmex

7D

1.6%

1Y

-21.5%

Sysmex Corporation's (TSE:6869) Business Is Yet to Catch Up With Its Share Price

Jun 12
Sysmex Corporation's (TSE:6869) Business Is Yet to Catch Up With Its Share Price

6849

JP¥4,708.00

Nihon Kohden

7D

-1.0%

1Y

24.5%

Is Nihon Kohden Corporation (TSE:6849) Trading At A 22% Discount?

Jun 07
Is Nihon Kohden Corporation (TSE:6849) Trading At A 22% Discount?

6823

JP¥2,727.00

Rion

7D

-1.6%

1Y

43.0%

8086

JP¥1,264.00

Nipro

7D

3.6%

1Y

23.6%

Nipro (TSE:8086) Has A Somewhat Strained Balance Sheet

Jun 06
Nipro (TSE:8086) Has A Somewhat Strained Balance Sheet

7634

JP¥5,140.00

Hoshi Iryo-Sanki

7D

-1.7%

1Y

26.3%

7749

JP¥2,948.00

MedikitLtd

7D

-0.6%

1Y

16.8%

7733

JP¥2,579.00

Olympus

7D

-2.2%

1Y

15.3%

6678

JP¥1,810.00

Techno Medica

7D

-0.4%

1Y

-0.2%