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Japanese (NIKKEI) Industrials Sector Analysis

UpdatedNov 24, 2025
DataAggregated Company Financials
Companies1024
  • 7D3.2%
  • 3M10.2%
  • 1Y31.6%
  • YTD27.0%

In the last week, the Industrials industry is up 2.2%, with Hitachi up 5.5%. In the last 12 months, the industry was up 30%. Earnings are forecast to grow by 7.3% annually.

Sector Valuation and Performance

Has the Japanese Industrials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 29 Nov 2025JP¥267.8tJP¥272.7tJP¥16.6t12.5x16.2x1x
Mon, 27 Oct 2025JP¥267.9tJP¥270.6tJP¥15.9t13.3x16.9x1x
Wed, 24 Sep 2025JP¥255.4tJP¥271.3tJP¥15.9t13.3x16.1x0.9x
Fri, 22 Aug 2025JP¥251.9tJP¥271.8tJP¥15.9t12.9x15.8x0.9x
Sun, 20 Jul 2025JP¥232.5tJP¥271.9tJP¥16.1t12.1x14.5x0.9x
Tue, 17 Jun 2025JP¥227.6tJP¥272.0tJP¥16.2t11.6x14.1x0.8x
Thu, 15 May 2025JP¥223.7tJP¥270.7tJP¥16.0t11.6x14x0.8x
Sat, 12 Apr 2025JP¥198.9tJP¥268.4tJP¥15.8t10.6x12.6x0.7x
Mon, 10 Mar 2025JP¥217.5tJP¥268.3tJP¥15.9t11.6x13.7x0.8x
Wed, 05 Feb 2025JP¥217.6tJP¥266.2tJP¥15.2t11.8x14.3x0.8x
Fri, 03 Jan 2025JP¥224.3tJP¥265.9tJP¥15.0t12.1x15x0.8x
Sun, 01 Dec 2024JP¥214.0tJP¥264.6tJP¥14.9t11.7x14.3x0.8x
Tue, 29 Oct 2024JP¥214.9tJP¥262.4tJP¥14.7t11.7x14.6x0.8x
Thu, 26 Sep 2024JP¥215.7tJP¥261.9tJP¥14.7t12.1x14.7x0.8x
Sat, 24 Aug 2024JP¥211.5tJP¥261.9tJP¥14.6t11.8x14.4x0.8x
Mon, 22 Jul 2024JP¥228.3tJP¥257.8tJP¥14.2t12.9x16.1x0.9x
Wed, 19 Jun 2024JP¥217.3tJP¥257.9tJP¥14.2t12.9x15.3x0.8x
Fri, 17 May 2024JP¥221.9tJP¥258.4tJP¥14.1t12.7x15.8x0.9x
Sun, 14 Apr 2024JP¥219.8tJP¥256.8tJP¥13.9t13.2x15.9x0.9x
Tue, 12 Mar 2024JP¥208.5tJP¥256.6tJP¥13.9t12.9x15.1x0.8x
Thu, 08 Feb 2024JP¥199.9tJP¥255.7tJP¥13.5t12.9x14.8x0.8x
Sat, 06 Jan 2024JP¥193.8tJP¥264.0tJP¥13.7t12.6x14.2x0.7x
Mon, 04 Dec 2023JP¥190.3tJP¥263.9tJP¥13.7t12.3x13.9x0.7x
Wed, 01 Nov 2023JP¥179.6tJP¥264.9tJP¥14.9t12.1x12.1x0.7x
Fri, 29 Sep 2023JP¥190.2tJP¥264.9tJP¥14.8t12.5x12.8x0.7x
Sun, 27 Aug 2023JP¥186.2tJP¥264.8tJP¥14.8t12.2x12.6x0.7x
Tue, 25 Jul 2023JP¥189.8tJP¥264.3tJP¥15.6t12.4x12.1x0.7x
Thu, 22 Jun 2023JP¥191.7tJP¥264.2tJP¥15.6t12.1x12.3x0.7x
Sat, 20 May 2023JP¥176.5tJP¥263.7tJP¥15.6t11.7x11.3x0.7x
Mon, 17 Apr 2023JP¥163.4tJP¥258.1tJP¥15.7t11.2x10.4x0.6x
Wed, 15 Mar 2023JP¥156.9tJP¥257.2tJP¥15.6t10.9x10x0.6x
Fri, 10 Feb 2023JP¥159.5tJP¥255.6tJP¥15.8t10.8x10.1x0.6x
Sun, 08 Jan 2023JP¥149.2tJP¥249.4tJP¥15.8t10.2x9.4x0.6x
Tue, 06 Dec 2022JP¥157.0tJP¥249.3tJP¥15.8t10.5x9.9x0.6x
Price to Earnings Ratio

9.9x


Total Market Cap: JP¥157.0tTotal Earnings: JP¥15.8tTotal Revenue: JP¥249.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Industrials Sector Price to Earnings3Y Average 13.7x202320242025
Current Industry PE
  • Investors are optimistic on the Japanese Industrials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 16.2x which is higher than its 3-year average PE of 13.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.78x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 3.0% 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 Industrials sector?

JP Market2.30%
Industrials3.19%
Industrials4.97%
Trade Distributors3.74%
Commercial Services3.50%
Machinery3.38%
Building3.17%
Construction2.86%
Electrical2.80%
Professional Services2.75%
Aerospace & Defense2.50%
Transportation1.67%
Infrastructure1.47%
Logistics0.93%
Marine and Shipping0.37%
Airlines-0.88%
Industry PE
  • Investors are most optimistic about the Industrials industry which is trading above its 3-year average PE ratio of 19.3x.
    • Analysts are expecting annual earnings growth of 9.8%, which is lower than the prior year's growth of 24.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Aerospace & Defense industry, expecting annual earnings growth of 58% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Marine and Shipping industry is expected to see its earnings decline 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
6501 HitachiJP¥4.97k5.5%
+JP¥1.2t		32.4%PE28.3x
8002 MarubeniJP¥4.12k7.7%
+JP¥484.1b		82.7%PE11.9x
8031 MitsuiJP¥4.15k4.0%
+JP¥457.1b		32.2%PE13.1x
8001 ITOCHUJP¥9.36k3.3%
+JP¥425.0b		26.8%PE13.9x
6098 Recruit HoldingsJP¥8.01k3.9%
+JP¥421.7b		-22.9%PE26.1x

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7011
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7011: New Guidance And Margin Expansion Will Drive Results In 2025

Narrative Update on Mitsubishi Heavy Industries: Analyst Price Target Revision Analysts have raised their price target for Mitsubishi Heavy Industries from approximately ¥4,001 to ¥4,373. They cited improved forecasts for revenue growth and profit margins as the rationale for the revision.
6501
JP¥4,968.00
Hitachi
7D
5.5%
1Y
32.4%

6501: Government Projects And Infrastructure Modernization Will Drive Profitable Upside Potential

Analysts have raised Hitachi's fair value estimate by approximately ¥400 to ¥5,415, citing incremental improvements in projected revenue growth and profit margins. What's in the News Hitachi Vantara enabled Asia Airfreight Terminal at Hong Kong International Airport to modernize its IT infrastructure with the VSP One platform, achieving zero downtime, triple storage capacity, and 50% better energy efficiency.
7012
JP¥9,882.00
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1Y
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7012: Share Price Will Rise With Higher Dividend And Margin Outlook

Analysts have modestly raised their price target for Kawasaki Heavy Industries from ¥12,892 to ¥12,975, citing slight improvements in profit margin expectations and adjustments to future growth assumptions. What's in the News Kawasaki Heavy Industries has issued new consolidated earnings guidance for the fiscal year ending March 31, 2026, forecasting revenue of JPY 2,340,000 million, business profit of JPY 145,000 million, profit attributable to owners of the parent of JPY 82,000 million, and basic earnings per share of JPY 490.61 (company guidance).
8031
JP¥4,147.00
Mitsui
7D
4.0%
1Y
32.2%

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