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Japanese (NIKKEI) Industrials Sector Analysis

UpdatedFeb 28, 2026
DataAggregated Company Financials
Companies1022
  • 7D4.4%
  • 3M23.8%
  • 1Y65.1%
  • YTD18.1%

The Industrials industry is up 1.8% in the last week, with Hitachi up 6.0%. This takes the industry's 12 month performance to a gain of 65%. Looking forward, earnings are forecast to grow by 8.3% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Feb 2026JP¥340.0tJP¥275.7tJP¥16.6t14.7x20.5x1.2x
Mon, 26 Jan 2026JP¥304.3tJP¥272.3tJP¥16.5t13.8x18.4x1.1x
Wed, 24 Dec 2025JP¥282.3tJP¥272.3tJP¥16.5t12.9x17.1x1x
Fri, 21 Nov 2025JP¥268.8tJP¥272.7tJP¥16.6t12.4x16.2x1x
Sun, 19 Oct 2025JP¥258.0tJP¥270.6tJP¥15.9t13x16.2x1x
Tue, 16 Sep 2025JP¥256.9tJP¥271.3tJP¥15.9t13.2x16.2x0.9x
Thu, 14 Aug 2025JP¥255.3tJP¥272.3tJP¥14.6t12.9x17.5x0.9x
Sat, 12 Jul 2025JP¥231.3tJP¥271.8tJP¥16.2t12x14.3x0.9x
Mon, 09 Jun 2025JP¥226.4tJP¥271.9tJP¥16.2t11.5x14x0.8x
Wed, 07 May 2025JP¥216.5tJP¥269.6tJP¥16.0t11.3x13.5x0.8x
Fri, 04 Apr 2025JP¥204.8tJP¥268.3tJP¥15.9t11.1x12.9x0.8x
Sun, 02 Mar 2025JP¥211.2tJP¥268.3tJP¥15.8t11.4x13.3x0.8x
Tue, 28 Jan 2025JP¥219.7tJP¥265.6tJP¥15.0t12x14.6x0.8x
Thu, 26 Dec 2024JP¥219.9tJP¥265.9tJP¥15.0t12x14.7x0.8x
Sat, 23 Nov 2024JP¥217.7tJP¥264.5tJP¥14.9t11.8x14.6x0.8x
Mon, 21 Oct 2024JP¥217.1tJP¥261.9tJP¥14.7t11.8x14.8x0.8x
Wed, 18 Sep 2024JP¥204.9tJP¥257.5tJP¥14.6t11.8x14x0.8x
Fri, 16 Aug 2024JP¥206.0tJP¥261.8tJP¥14.6t11.7x14.1x0.8x
Sun, 14 Jul 2024JP¥230.3tJP¥257.8tJP¥14.1t13.1x16.3x0.9x
Tue, 11 Jun 2024JP¥222.0tJP¥258.6tJP¥14.2t12.9x15.7x0.9x
Thu, 09 May 2024JP¥219.3tJP¥257.0tJP¥13.8t13x15.8x0.9x
Sat, 06 Apr 2024JP¥214.1tJP¥256.8tJP¥13.9t13x15.4x0.8x
Mon, 04 Mar 2024JP¥211.8tJP¥256.6tJP¥13.9t12.9x15.3x0.8x
Wed, 31 Jan 2024JP¥203.0tJP¥264.0tJP¥13.7t13x14.9x0.8x
Fri, 29 Dec 2023JP¥191.0tJP¥264.0tJP¥13.7t12.4x14x0.7x
Sun, 26 Nov 2023JP¥191.7tJP¥264.1tJP¥13.7t12.2x14x0.7x
Tue, 24 Oct 2023JP¥178.3tJP¥265.0tJP¥14.8t11.9x12x0.7x
Thu, 21 Sep 2023JP¥197.1tJP¥264.9tJP¥14.8t12.7x13.3x0.7x
Sat, 19 Aug 2023JP¥184.7tJP¥264.8tJP¥14.8t12x12.5x0.7x
Mon, 17 Jul 2023JP¥184.9tJP¥264.1tJP¥15.6t12x11.8x0.7x
Wed, 14 Jun 2023JP¥186.4tJP¥264.2tJP¥15.6t11.9x12x0.7x
Fri, 12 May 2023JP¥170.7tJP¥261.3tJP¥15.7t11.5x10.9x0.7x
Sun, 09 Apr 2023JP¥157.5tJP¥258.1tJP¥15.7t11x10x0.6x
Tue, 07 Mar 2023JP¥164.1tJP¥257.2tJP¥15.6t11.3x10.5x0.6x
Price to Earnings Ratio

10.5x


Total Market Cap: JP¥164.1tTotal Earnings: JP¥15.6tTotal Revenue: JP¥257.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Industrials Sector Price to Earnings3Y Average 14.4x202420252026
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 20.5x which is higher than its 3-year average PE of 14.4x.
  • The 3-year average PS ratio of 0.82x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 2.0% per year over the last three years.
  • Revenues for these companies have grown 2.4% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

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

JP Market3.27%
Industrials4.39%
Electrical8.11%
Professional Services6.87%
Aerospace & Defense6.77%
Industrials5.61%
Commercial Services5.29%
Trade Distributors4.97%
Marine and Shipping4.48%
Construction4.41%
Airlines4.26%
Building3.86%
Logistics3.69%
Infrastructure3.30%
Machinery2.65%
Transportation1.16%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 19.8x.
    • Analysts expect its future annual earnings growth (13.9%) 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 48% 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 8.8% 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¥5.23k6.0%
+JP¥1.3t		39.4%PE28.6x
8058 MitsubishiJP¥5.29k6.0%
+JP¥1.1t		111.9%PE26.7x
5803 FujikuraJP¥26.77k16.9%
+JP¥1.1t		335.9%PE51.3x
8031 MitsuiJP¥5.87k6.7%
+JP¥1.0t		110.1%PE19.4x
6098 Recruit HoldingsJP¥6.87k9.3%
+JP¥810.8b		-22.0%PE20.7x

Latest News

6301
JP¥7,533.00
Komatsu
7D
-0.1%
1Y
68.7%

6301: Rich P/E And Ammonia Engine Partnership Will Likely Strain Future Returns

Analysts now see fair value for Komatsu at about ¥5,973 per share, up from roughly ¥5,546. This reflects updated assumptions for slightly higher revenue growth, profit margins and future P/E multiples.
8001
JP¥2,270.00
ITOCHU
7D
3.5%
1Y
70.2%

Non Resource Consumer Dependence And Execution Risks Will Challenge Long Term Earnings Stability

Catalysts About ITOCHU ITOCHU is a Japanese trading group that focuses on non resource consumer related businesses alongside resource operations. What are the underlying business or industry changes driving this perspective?
8058
JP¥5,290.00
Mitsubishi
7D
6.0%
1Y
111.9%
7013
JP¥4,303.00
IHI
7D
-1.8%
1Y
245.0%
8002
JP¥6,008.00
Marubeni
7D
5.2%
1Y
155.9%
5803
JP¥26,765.00
Fujikura
7D
16.9%
1Y
335.9%
5332
JP¥6,113.00
TOTO
7D
-1.3%
1Y
56.1%

From Porcelain to Silicon: Why the World’s Most Famous Toilet Maker is Now an AI Powerhouse

For decades, the name TOTO Ltd. (TYO: 5332) has been synonymous with one thing: the ultimate bathroom experience.
6098
JP¥6,866.00
Recruit Holdings
7D
9.3%
1Y
-22.0%

6098: Ongoing Share Buybacks And Record Earnings Guidance Will Support Upside Potential

Analysts have nudged their price target on Recruit Holdings slightly lower from ¥10,198.75 to ¥10,130.00. This reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E.
6264
JP¥3,575.00
Marumae
7D
-8.5%
1Y
151.1%
9022
JP¥4,608.00
Central Japan Railway
7D
-0.3%
1Y
55.5%
7846
JP¥4,880.00
Pilot
7D
0.7%
1Y
18.4%
6501
JP¥5,226.00
Hitachi
7D
6.0%
1Y
39.4%

6501: New Share Repurchases And Refined Assumptions Will Support Future Upside Potential

Analysts have raised their Hitachi price target from ¥5,665 to ¥5,808, reflecting updated assumptions around slightly higher revenue growth, a modestly adjusted discount rate, a small change in profit margin expectations, and a revised future P/E multiple. What's in the News The Board of Directors authorized a new share buyback plan on January 29, 2026, signaling an ongoing focus on returning capital to shareholders (Key Developments).
8031
JP¥5,872.00
Mitsui
7D
6.7%
1Y
110.1%

8031: Earnings Outlook, Buybacks And Governance Will Shape Balanced Future Returns

Analysts have lifted their price target for Mitsui from ¥5,602.88 to ¥5,900, citing updated assumptions for revenue growth, profit margin, discount rate, and future P/E that refine their overall view of the shares. What's in the News Mitsui issued consolidated earnings guidance for the full year ending March 31, 2026, with profit attributable to owners of parent projected at ¥820,000m, or ¥286.26 per basic share (corporate guidance).
6361
JP¥5,542.00
Ebara
7D
-1.7%
1Y
124.0%
7003
JP¥7,876.00
MITSUI E&S
7D
-2.6%
1Y
397.5%

MITSUI E&S Co., Ltd. Just Beat EPS By 8.9%: Here's What Analysts Think Will Happen Next

Feb 12
MITSUI E&S Co., Ltd. Just Beat EPS By 8.9%: Here's What Analysts Think Will Happen Next
6954
JP¥7,113.00
Fanuc
7D
10.8%
1Y
65.1%

Fanuc Corporation Just Missed Earnings - But Analysts Have Updated Their Models

Jan 28
Fanuc Corporation Just Missed Earnings - But Analysts Have Updated Their Models