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Japanese (NIKKEI) Industrials Sector Analysis

UpdatedApr 14, 2026
DataAggregated Company Financials
Companies1015
  • 7D2.9%
  • 3M7.5%
  • 1Y65.9%
  • YTD12.3%

In the last week, the Industrials industry is up 2.9%, with Fujikura up 36%. This means that the industry has gained 66% over the past year. As for the next few years, earnings are expected to grow by 9.1% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 15 Apr 2026JP¥321.2tJP¥275.0tJP¥16.6t13.5x19.4x1.2x
Fri, 13 Mar 2026JP¥315.0tJP¥275.5tJP¥16.6t13.8x19x1.1x
Sun, 08 Feb 2026JP¥315.3tJP¥274.8tJP¥16.4t13.9x19.2x1.1x
Tue, 06 Jan 2026JP¥288.4tJP¥272.3tJP¥16.5t13.2x17.5x1.1x
Thu, 04 Dec 2025JP¥273.2tJP¥272.7tJP¥16.6t12.7x16.5x1x
Sat, 01 Nov 2025JP¥272.0tJP¥271.2tJP¥16.1t13.1x16.9x1x
Mon, 29 Sep 2025JP¥258.0tJP¥270.8tJP¥15.9t13.4x16.3x1x
Wed, 27 Aug 2025JP¥251.5tJP¥271.8tJP¥15.9t13x15.8x0.9x
Fri, 25 Jul 2025JP¥244.9tJP¥271.8tJP¥16.1t12.3x15.2x0.9x
Sun, 22 Jun 2025JP¥226.1tJP¥272.0tJP¥16.2t11.6x14x0.8x
Tue, 20 May 2025JP¥223.2tJP¥271.2tJP¥16.0t11.5x14x0.8x
Thu, 17 Apr 2025JP¥200.3tJP¥268.2tJP¥15.8t10.7x12.6x0.7x
Sat, 15 Mar 2025JP¥216.7tJP¥268.3tJP¥15.8t11.6x13.7x0.8x
Mon, 10 Feb 2025JP¥216.8tJP¥267.9tJP¥15.6t11.8x13.9x0.8x
Wed, 08 Jan 2025JP¥223.8tJP¥265.9tJP¥15.0t12x14.9x0.8x
Fri, 06 Dec 2024JP¥221.3tJP¥265.8tJP¥15.0t11.9x14.8x0.8x
Sun, 03 Nov 2024JP¥213.8tJP¥263.0tJP¥14.5t11.8x14.8x0.8x
Tue, 01 Oct 2024JP¥215.1tJP¥261.9tJP¥14.7t11.9x14.7x0.8x
Thu, 29 Aug 2024JP¥212.4tJP¥261.9tJP¥14.7t12x14.5x0.8x
Sat, 27 Jul 2024JP¥214.2tJP¥257.9tJP¥14.2t12.6x15.1x0.8x
Mon, 24 Jun 2024JP¥218.2tJP¥257.8tJP¥14.2t13x15.4x0.8x
Wed, 22 May 2024JP¥224.2tJP¥258.6tJP¥14.2t12.8x15.8x0.9x
Fri, 19 Apr 2024JP¥213.3tJP¥256.8tJP¥13.9t12.9x15.4x0.8x
Sun, 17 Mar 2024JP¥209.3tJP¥256.6tJP¥13.9t12.9x15.1x0.8x
Tue, 13 Feb 2024JP¥199.3tJP¥256.5tJP¥13.7t12.6x14.5x0.8x
Thu, 11 Jan 2024JP¥197.1tJP¥264.0tJP¥13.7t12.9x14.4x0.7x
Sat, 09 Dec 2023JP¥183.9tJP¥263.9tJP¥13.7t12.1x13.4x0.7x
Mon, 06 Nov 2023JP¥184.7tJP¥263.6tJP¥14.5t12.1x12.8x0.7x
Wed, 04 Oct 2023JP¥187.2tJP¥264.9tJP¥14.8t12.2x12.6x0.7x
Fri, 01 Sep 2023JP¥192.6tJP¥264.8tJP¥14.8t12.5x13x0.7x
Sun, 30 Jul 2023JP¥190.3tJP¥265.0tJP¥15.8t12.2x12x0.7x
Tue, 27 Jun 2023JP¥187.9tJP¥264.2tJP¥15.6t12x12x0.7x
Thu, 25 May 2023JP¥175.5tJP¥263.9tJP¥15.6t11.7x11.3x0.7x
Sat, 22 Apr 2023JP¥164.6tJP¥258.1tJP¥15.7t11.3x10.5x0.6x
Price to Earnings Ratio

10.5x


Total Market Cap: JP¥164.6tTotal Earnings: JP¥15.7tTotal Revenue: JP¥258.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Industrials Sector Price to Earnings3Y Average 14.7x202420252026
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 19.4x which is higher than its 3-year average PE of 14.7x.
  • The 3-year average PS ratio of 0.84x is lower than the industry's current PS ratio of 1.2x.
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 2.1% 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 Market2.38%
Industrials2.90%
Aerospace & Defense19.39%
Electrical13.50%
Machinery5.43%
Building5.38%
Industrials2.29%
Construction1.53%
Logistics1.26%
Transportation0.28%
Commercial Services0.16%
Professional Services-0.12%
Trade Distributors-0.38%
Infrastructure-1.54%
Airlines-2.40%
Marine and Shipping-4.49%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 20.4x.
    • Analysts expect its future annual earnings growth (15.3%) to be largely in line with prior year's earnings growth.
Forecasted Growth
  • Analysts are most optimistic on the Aerospace & Defense industry, expecting annual earnings growth of 49% over the next 5 years.
  • This is better than its past earnings growth rate of 36% per year.
  • In contrast, the Infrastructure industry is expected to see its earnings decline by 8.7% 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
5803 FujikuraJP¥5.94k35.8%
+JP¥2.6t		656.2%PE68.2x
6503 Mitsubishi ElectricJP¥5.86k8.8%
+JP¥967.9b		128.1%PE32x
6501 HitachiJP¥4.96k4.1%
+JP¥868.5b		50.4%PE27.1x
5801 Furukawa ElectricJP¥46.88k28.4%
+JP¥729.5b		987.5%PE62.8x
6954 FanucJP¥6.23k13.2%
+JP¥678.4b		81.0%PE36x

Latest News

8058
JP¥5,193.00
Mitsubishi
7D
-4.3%
1Y
109.7%
8031
JP¥6,136.00
Mitsui
7D
-3.8%
1Y
131.6%

8031: Elevated P/E And Modest Margin Assumptions Will Sustain Downside Risk

Analysts have reiterated a ¥4,190 price target for Mitsui, with the unchanged level reflecting updated views on a slightly higher discount rate, adjusted revenue growth assumptions, a modestly lower profit margin, and a marginally higher future P/E multiple. What's in the News Mitsui updated on its share buyback program, completing the repurchase of 41,075,000 shares, representing 1.43% of shares, for ¥199,999.9 million under the buyback announced on November 5, 2025.
6273
JP¥71,290.00
SMC
7D
14.7%
1Y
58.4%
8001
JP¥1,985.00
ITOCHU
7D
-2.9%
1Y
51.5%
5803
JP¥5,935.00
Fujikura
7D
35.8%
1Y
656.2%
6301
JP¥7,029.00
Komatsu
7D
9.7%
1Y
71.6%

6301: Ammonia Fuel Partnership And Stable Metrics Will Shape Future Returns

Analysts have raised their price target on Komatsu from ¥6,290 to ¥6,365 as they factor in updated assumptions around revenue growth, profit margins, a slightly adjusted discount rate, and future P/E. What's in the News AFC Energy and Komatsu signed a Joint Development Agreement to combine AFC Energy's ammonia cracking technology with a Komatsu industrial diesel engine in order to test an ammonia fuelled engine platform for construction and mining equipment fleets (Key Developments).
8053
JP¥6,069.00
Sumitomo
7D
0.4%
1Y
87.5%
5801
JP¥46,880.00
Furukawa Electric
7D
28.4%
1Y
987.5%
6501
JP¥4,957.00
Hitachi
7D
4.1%
1Y
50.4%

6501: Nuclear Project And Buybacks Will Drive Future Upside

Analysts have trimmed their average price target for Hitachi slightly to ¥5,807 from ¥5,869, reflecting small adjustments to assumptions around the discount rate, expected revenue growth, profit margins, and future P/E multiples. What's in the News President Donald Trump and Sanae Takaichi are reported to be preparing a ¥40 billion nuclear project announcement that references Hitachi, according to Bloomberg (Bloomberg).
6503
JP¥5,859.00
Mitsubishi Electric
7D
8.8%
1Y
128.1%

6503: Power Semis And Grid Edge Alliances Will Drive Future Profitability

Analysts have kept their price target for Mitsubishi Electric steady at ¥7,000, citing updated assumptions for a lower discount rate and more modest revenue growth and profit margins, which are partly offset by a higher future P/E multiple. What's in the News Mitsubishi Electric, Toshiba and Rohm are reported to be entering negotiations to merge their power semiconductor device businesses, in a move linked to government efforts to support domestic chip players as electric vehicle demand and competition from Chinese firms influence the sector (M&A rumors and discussions).
9104
JP¥6,408.00
Mitsui O.S.K. Lines
7D
-6.7%
1Y
29.2%

9104: Activist Engagement And Management Plan Will Shape Balanced Earnings Outlook

Analysts have lifted their price target on Mitsui O.S.K. Lines from about ¥5,700 to roughly ¥6,700, pointing to updated assumptions that include a lower discount rate, modestly higher revenue growth and profit margin expectations, and a slightly richer future P/E multiple. What's in the News Elliott Investment Management issued a statement on March 17, 2026, saying it sees Mitsui O.S.K. Lines as having a strong market position and high quality assets, while arguing the market undervalues the business and signaling plans to engage on an ambitious medium term management plan and premium valuation goals (Key Developments).
9101
JP¥6,117.00
Nippon Yusen Kabushiki Kaisha
7D
-3.0%
1Y
34.2%
7011
JP¥4,749.00
Mitsubishi Heavy Industries
7D
-0.7%
1Y
85.4%
8015
JP¥6,386.00
Toyota Tsusho
7D
6.0%
1Y
169.7%
6954
JP¥6,231.00
Fanuc
7D
13.2%
1Y
81.0%
9024
JP¥3,987.00
Seibu Holdings
7D
-7.8%
1Y
20.1%