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Japanese (NIKKEI) Industrials Sector Analysis

UpdatedJul 15, 2026
DataAggregated Company Financials
Companies1011
  • 7D-2.4%
  • 3M-1.3%
  • 1Y39.6%
  • YTD10.3%

Over the last 7 days, the Industrials industry has dropped 2.4%, driven by YASKAWA Electric declining 17%. Meanwhile, Fujikura actually outperformed within the industry, gaining 6.5% in the last week. This takes the industry's 12 month performance to a gain of 40%. Looking forward, earnings are forecast to grow by 9.1% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Jul 2026JP¥309.2tJP¥274.1tJP¥17.0t12.6x18.2x1.1x
Fri, 12 Jun 2026JP¥298.4tJP¥274.1tJP¥17.0t12.1x17.6x1.1x
Sun, 10 May 2026JP¥331.0tJP¥277.3tJP¥16.8t13.2x19.7x1.2x
Tue, 07 Apr 2026JP¥312.3tJP¥275.0tJP¥16.5t13.5x18.9x1.1x
Thu, 05 Mar 2026JP¥314.6tJP¥275.8tJP¥16.6t13.8x19x1.1x
Sat, 31 Jan 2026JP¥299.3tJP¥272.6tJP¥16.6t13.4x18x1.1x
Mon, 29 Dec 2025JP¥281.7tJP¥272.3tJP¥16.5t13.1x17.1x1x
Wed, 26 Nov 2025JP¥268.0tJP¥272.1tJP¥16.5t12.5x16.2x1x
Fri, 24 Oct 2025JP¥265.6tJP¥270.6tJP¥15.9t13.2x16.7x1x
Sun, 21 Sep 2025JP¥255.1tJP¥271.3tJP¥15.9t13.4x16.1x0.9x
Tue, 19 Aug 2025JP¥254.6tJP¥271.8tJP¥15.9t12.9x16x0.9x
Thu, 17 Jul 2025JP¥231.0tJP¥271.9tJP¥16.1t12x14.4x0.8x
Sat, 14 Jun 2025JP¥225.5tJP¥271.9tJP¥16.2t11.5x13.9x0.8x
Mon, 12 May 2025JP¥221.8tJP¥270.2tJP¥16.0t11.5x13.9x0.8x
Wed, 09 Apr 2025JP¥193.2tJP¥268.3tJP¥15.8t10.4x12.2x0.7x
Fri, 07 Mar 2025JP¥219.8tJP¥268.3tJP¥15.8t11.6x13.9x0.8x
Sun, 02 Feb 2025JP¥221.3tJP¥266.2tJP¥15.2t12x14.6x0.8x
Tue, 31 Dec 2024JP¥224.3tJP¥265.9tJP¥15.0t12.1x15x0.8x
Thu, 28 Nov 2024JP¥213.6tJP¥264.5tJP¥14.9t11.6x14.3x0.8x
Sat, 26 Oct 2024JP¥212.2tJP¥262.4tJP¥14.7t11.5x14.4x0.8x
Mon, 23 Sep 2024JP¥212.5tJP¥261.9tJP¥14.7t12x14.5x0.8x
Wed, 21 Aug 2024JP¥211.0tJP¥261.9tJP¥14.6t11.8x14.4x0.8x
Fri, 19 Jul 2024JP¥229.6tJP¥257.8tJP¥14.2t13x16.1x0.9x
Sun, 16 Jun 2024JP¥220.9tJP¥257.9tJP¥14.2t12.9x15.6x0.9x
Tue, 14 May 2024JP¥221.4tJP¥257.9tJP¥14.0t12.9x15.8x0.9x
Thu, 11 Apr 2024JP¥218.3tJP¥256.7tJP¥13.9t13.1x15.7x0.9x
Sat, 09 Mar 2024JP¥213.3tJP¥256.6tJP¥13.9t13x15.4x0.8x
Mon, 05 Feb 2024JP¥204.4tJP¥264.2tJP¥13.8t13x14.8x0.8x
Wed, 03 Jan 2024JP¥191.1tJP¥264.0tJP¥13.7t12.4x14x0.7x
Fri, 01 Dec 2023JP¥189.6tJP¥264.1tJP¥13.7t12.3x13.8x0.7x
Sun, 29 Oct 2023JP¥180.3tJP¥265.0tJP¥14.8t12x12.1x0.7x
Tue, 26 Sep 2023JP¥194.3tJP¥264.9tJP¥14.8t12.6x13.1x0.7x
Thu, 24 Aug 2023JP¥187.0tJP¥264.8tJP¥14.8t12.2x12.6x0.7x
Sat, 22 Jul 2023JP¥188.2tJP¥264.2tJP¥15.6t12.2x12x0.7x
Price to Earnings Ratio

12x


Total Market Cap: JP¥188.2tTotal Earnings: JP¥15.6tTotal Revenue: JP¥264.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Industrials Sector Price to Earnings3Y Average 15.4x202420252026
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 18.2x which is higher than its 3-year average PE of 15.4x.
  • The 3-year average PS ratio of 0.88x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 2.8% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Japanese Industrials sector?

JP Market-0.68%
Industrials-2.39%
Marine and Shipping4.41%
Professional Services2.27%
Transportation0.44%
Logistics0.096%
Trade Distributors-0.83%
Infrastructure-1.23%
Commercial Services-1.32%
Industrials-2.31%
Machinery-4.20%
Building-4.29%
Airlines-4.55%
Electrical-4.84%
Aerospace & Defense-5.84%
Construction-6.02%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 21.5x.
    • Analysts are expecting annual earnings growth of 14.4%, which is lower than the prior year's growth of 17.6% per year.
Forecasted Growth
  • Analysts are most optimistic on the Aerospace & Defense industry, expecting annual earnings growth of 43% over the next 5 years.
  • This is better than its past earnings growth rate of 27% per year.
  • In contrast, the Infrastructure industry is expected to see its earnings decline by 6.6% 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
6098 Recruit HoldingsJP¥12.58k3.3%
+JP¥555.7b		58.4%PE35.2x
5803 FujikuraJP¥5.15k6.7%
+JP¥531.5b		288.1%PE54.2x
8031 MitsuiJP¥4.82k3.6%
+JP¥473.3b		61.6%PE16.4x
8058 MitsubishiJP¥4.59k2.7%
+JP¥443.0b		60.3%PE21x
8001 ITOCHUJP¥1.94k3.1%
+JP¥405.4b		28.0%PE15x

Latest News

8058
JP¥4,585.00
Mitsubishi
7D
2.7%
1Y
60.3%
6506
JP¥5,490.00
YASKAWA Electric
7D
-17.3%
1Y
91.3%
Analysis Article • Jul 14

YASKAWA Electric Corporation Just Missed Earnings - But Analysts Have Updated Their Models

YASKAWA Electric Corporation ( TSE:6506 ) missed earnings with its latest quarterly results, disappointing...
8031
JP¥4,824.00
Mitsui
7D
3.6%
1Y
61.6%
7012
JP¥2,725.50
Kawasaki Heavy Industries
7D
-3.6%
1Y
34.7%
Narrative Update • Jul 14

7012: Capital Raise And Segment Volatility Will Shape Balanced Future Risk Reward

The analyst price target for Kawasaki Heavy Industries has been reset from an implied fair value of ¥2,717 to ¥3,000, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E. Analysts highlight mixed recent segment performance and a more balanced near term risk/reward profile.
7013
JP¥2,811.50
IHI
7D
-2.8%
1Y
25.5%
Narrative Update • Jul 13

7013: Nuclear And Low Carbon Energy Collaboration Will Drive Future Upside

Analysts have modestly adjusted their price target for IHI to approximately ¥5,431 from about ¥5,544, reflecting updated assumptions for revenue growth, profit margins, discount rate, and future P/E levels. What’s in the News for IHI IHI scheduled an Analyst and Investor Day to cover its technology strategy, nuclear energy business and LCB in the Energy segment, bridge business, and other business topics.
8001
JP¥1,936.00
ITOCHU
7D
3.1%
1Y
28.0%
8002
JP¥5,110.00
Marubeni
7D
3.0%
1Y
74.6%
6301
JP¥6,420.00
Komatsu
7D
-1.6%
1Y
33.8%
Narrative Update • Jul 09

6301: Export Controls Risk Will Likely Pressure Shares Despite Earnings Guidance

Analysts have lifted their price target on Komatsu to ¥5,000 from ¥4,600, citing updated assumptions around revenue growth, a slightly lower discount rate, a modestly adjusted profit margin outlook, and a higher future P/E multiple. What’s in the News for Komatsu China reportedly expanded its export control blacklist to include units of Komatsu, alongside other major Japanese companies, in the context of ongoing trade tensions with Japan, according to recent coverage of Canada’s trade mission to Japan.
6273
JP¥75,000.00
SMC
7D
6.4%
1Y
50.3%
6954
JP¥7,008.00
Fanuc
7D
4.6%
1Y
86.2%
6098
JP¥12,580.00
Recruit Holdings
7D
3.3%
1Y
58.4%
Narrative Update • Jul 01

6098: Higher Profitability Outlook And 2027 Guidance Will Support Upside Potential

Analysts have lifted their price target on Recruit Holdings from ¥9,761 to ¥12,638, citing updated assumptions for revenue growth, profit margins and forward P/E that reflect a different view of the company’s long term earnings potential. What's in the News for Recruit Holdings Board meeting on May 15, 2026 to approve purchase of Recruit Holdings shares in May 2026 for use in the company’s equity compensation plan, based on prior approvals by relevant decision-making bodies.
5803
JP¥5,145.00
Fujikura
7D
6.7%
1Y
288.1%
Analysis Article • Jun 29

Upgrade: Analysts Just Made A Captivating Increase To Their Fujikura Ltd. (TSE:5803) Forecasts

Fujikura Ltd. ( TSE:5803 ) shareholders will have a reason to smile today, with the analysts making substantial...
7911
JP¥4,887.00
TOPPAN Holdings
7D
-6.6%
1Y
27.4%
6367
JP¥24,990.00
Daikin IndustriesLtd
7D
-1.8%
1Y
37.2%
1812
JP¥5,715.00
Kajima
7D
-2.1%
1Y
55.6%
9201
JP¥2,913.00
Japan Airlines
7D
-4.3%
1Y
-1.4%