Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Japanese (NIKKEI) Industrials Sector Analysis

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies1016
  • 7D0.4%
  • 3M-3.7%
  • 1Y45.2%
  • YTD13.9%

Over the last 7 days, the Industrials industry has remained flat, although notably Recruit Holdings gained 8.0%. The past year has been better, since the industry has gained 45% in that time. Earnings are forecast to grow by 8.4% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 May 2026JP¥326.1tJP¥278.5tJP¥17.2t12.4x19x1.2x
Tue, 28 Apr 2026JP¥320.1tJP¥275.1tJP¥16.6t13.2x19.3x1.2x
Thu, 26 Mar 2026JP¥314.3tJP¥275.3tJP¥16.6t13.6x19x1.1x
Sat, 21 Feb 2026JP¥325.7tJP¥275.7tJP¥16.6t14.3x19.6x1.2x
Mon, 19 Jan 2026JP¥307.3tJP¥272.3tJP¥16.5t13.8x18.6x1.1x
Wed, 17 Dec 2025JP¥278.4tJP¥272.5tJP¥16.5t12.7x16.8x1x
Fri, 14 Nov 2025JP¥279.2tJP¥272.6tJP¥16.5t13x16.9x1x
Sun, 12 Oct 2025JP¥259.8tJP¥270.8tJP¥15.9t12.9x16.3x1x
Tue, 09 Sep 2025JP¥256.4tJP¥271.3tJP¥15.9t13.2x16.2x0.9x
Thu, 07 Aug 2025JP¥247.8tJP¥271.0tJP¥16.0t12.7x15.5x0.9x
Sat, 05 Jul 2025JP¥230.3tJP¥271.8tJP¥16.2t11.8x14.2x0.8x
Mon, 02 Jun 2025JP¥229.6tJP¥272.0tJP¥16.2t11.5x14.2x0.8x
Wed, 30 Apr 2025JP¥214.3tJP¥268.6tJP¥16.0t11.3x13.4x0.8x
Fri, 28 Mar 2025JP¥223.3tJP¥268.3tJP¥15.9t11.8x14.1x0.8x
Sun, 23 Feb 2025JP¥214.8tJP¥268.3tJP¥15.8t11.5x13.6x0.8x
Tue, 21 Jan 2025JP¥215.6tJP¥265.6tJP¥15.0t11.9x14.4x0.8x
Thu, 19 Dec 2024JP¥219.1tJP¥265.4tJP¥15.0t11.9x14.6x0.8x
Sat, 16 Nov 2024JP¥219.5tJP¥264.4tJP¥14.9t11.8x14.7x0.8x
Mon, 14 Oct 2024JP¥218.8tJP¥261.9tJP¥14.7t11.9x14.9x0.8x
Wed, 11 Sep 2024JP¥204.4tJP¥261.9tJP¥14.7t11.7x13.9x0.8x
Fri, 09 Aug 2024JP¥194.1tJP¥261.0tJP¥14.5t11.2x13.3x0.7x
Sun, 07 Jul 2024JP¥231.0tJP¥257.8tJP¥14.1t13x16.3x0.9x
Tue, 04 Jun 2024JP¥225.1tJP¥258.6tJP¥14.2t12.8x15.9x0.9x
Thu, 02 May 2024JP¥221.6tJP¥257.1tJP¥13.9t12.9x16x0.9x
Sat, 30 Mar 2024JP¥217.6tJP¥256.6tJP¥13.9t13.2x15.7x0.8x
Mon, 26 Feb 2024JP¥208.6tJP¥256.6tJP¥13.9t12.7x15.1x0.8x
Wed, 24 Jan 2024JP¥204.7tJP¥263.9tJP¥13.7t13x15x0.8x
Fri, 22 Dec 2023JP¥188.6tJP¥264.0tJP¥13.7t12.3x13.8x0.7x
Sun, 19 Nov 2023JP¥191.3tJP¥264.1tJP¥13.7t12.1x14x0.7x
Tue, 17 Oct 2023JP¥185.3tJP¥264.9tJP¥14.8t12.1x12.5x0.7x
Thu, 14 Sep 2023JP¥194.4tJP¥264.9tJP¥14.8t12.6x13.1x0.7x
Sat, 12 Aug 2023JP¥191.3tJP¥264.4tJP¥14.8t12.3x12.9x0.7x
Mon, 10 Jul 2023JP¥186.3tJP¥264.1tJP¥15.6t12.1x11.9x0.7x
Wed, 07 Jun 2023JP¥183.2tJP¥264.1tJP¥15.6t11.6x11.7x0.7x
Price to Earnings Ratio

11.7x


Total Market Cap: JP¥183.2tTotal Earnings: JP¥15.6tTotal Revenue: JP¥264.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Industrials Sector Price to Earnings3Y Average 15.1x202420252026
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 19.0x which is higher than its 3-year average PE of 15.1x.
  • The 3-year average PS ratio of 0.87x 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 3.3% 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 Market1.91%
Industrials0.36%
Aerospace & Defense11.01%
Airlines6.91%
Professional Services5.51%
Construction4.32%
Industrials2.58%
Machinery0.98%
Building0.98%
Logistics0.95%
Electrical0.65%
Commercial Services-0.20%
Marine and Shipping-1.10%
Infrastructure-1.46%
Transportation-2.17%
Trade Distributors-3.08%
Industry PE
  • Investors are most optimistic about the Electrical industry which is trading above its 3-year average PE ratio of 21.1x.
    • Analysts are expecting annual earnings growth of 13.7%, 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 55% 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 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
6098 Recruit HoldingsJP¥10.57k8.0%
+JP¥1.1t		21.6%PE29.6x
6501 HitachiJP¥5.17k3.3%
+JP¥736.4b		27.7%PE28.9x
6503 Mitsubishi ElectricJP¥6.56k4.1%
+JP¥525.9b		125.8%PE32.9x
6301 KomatsuJP¥6.58k5.5%
+JP¥306.9b		48.7%PE15.7x
6479 MINEBEA MITSUMIJP¥4.56k14.3%
+JP¥228.9b		124.3%PE18.5x

Latest News

7011
JP¥3,806.00
Mitsubishi Heavy Industries
7D
-4.1%
1Y
13.5%
6954
JP¥7,892.00
Fanuc
7D
-3.5%
1Y
104.0%
8058
JP¥5,065.00
Mitsubishi
7D
-6.8%
1Y
72.6%
6501
JP¥5,166.00
Hitachi
7D
3.3%
1Y
27.7%
6503
JP¥6,558.00
Mitsubishi Electric
7D
4.1%
1Y
125.8%
6479
JP¥4,562.00
MINEBEA MITSUMI
7D
14.3%
1Y
124.3%
Narrative Update • May 24

6479: Earnings Upside And Dividend Outlook Will Support A Future Rebound

Analysts are maintaining their ¥4,450 price target for MINEBEA MITSUMI, citing updated assumptions that include a slightly lower discount rate, higher revenue and profit margin estimates, and a more conservative future P/E outlook. What's in the News MINEBEA MITSUMI issued consolidated guidance for the six months ending September 30, 2026, with expected net sales of ¥846,500 million, operating income of ¥53,000 million, profit attributable to owners of parent of ¥36,500 million and basic EPS of ¥90.89.
6098
JP¥10,570.00
Recruit Holdings
7D
8.0%
1Y
21.6%
543A
JP¥351.00
ARCHION
7D
-20.2%
1Y
-25.0%
Analysis Article • May 21

Solid Earnings May Not Tell The Whole Story For ARCHION (TSE:543A)

The market for ARCHION Corporation's ( TSE:543A ) stock was strong after it released a healthy earnings report last...
6273
JP¥69,110.00
SMC
7D
4.3%
1Y
27.6%
9020
JP¥3,412.00
East Japan Railway
7D
-5.4%
1Y
12.6%
Narrative Update • May 20

9020: Lower Discount Rate Will Likely Fail To Support Future Share Price

Analysts have raised their price target on East Japan Railway from ¥2,900 to ¥3,400, citing updated assumptions for a lower discount rate, slightly different revenue growth expectations, a modestly higher profit margin and a small adjustment to the forward P/E multiple. What's in the News Board meeting scheduled for May 15, 2026 to consider changes in Representative Directors and nominate director candidates for election at the 39th Ordinary General Meeting of Shareholders on June 19, 2026 (Key Developments).
6367
JP¥23,285.00
Daikin IndustriesLtd
7D
-3.2%
1Y
40.4%
6301
JP¥6,577.00
Komatsu
7D
5.5%
1Y
48.7%
Narrative Update • May 19

6301: Share Buybacks And Dividend Reset Will Shape Measured Future Returns

Analysts have adjusted the 12 month price target for Komatsu slightly higher, from ¥6,340 to ¥6,422.5, reflecting updated assumptions for revenue growth, profit margins, and a higher future P/E multiple. What's in the News A board meeting is scheduled for April 28, 2026 to consider a common stock repurchase under Article 156 and Article 165, paragraph 3 of the Companies Act of Japan, and the cancellation of treasury shares under Article 178 (Key Developments).
1812
JP¥5,907.00
Kajima
7D
8.0%
1Y
65.7%
Analysis Article • May 17

The Kajima Corporation (TSE:1812) Annual Results Are Out And Analysts Have Published New Forecasts

Shareholders might have noticed that Kajima Corporation ( TSE:1812 ) filed its full-year result this time last week...
5803
JP¥4,771.00
Fujikura
7D
-1.6%
1Y
326.1%
8031
JP¥5,290.00
Mitsui
7D
-5.2%
1Y
74.6%
Narrative Update • May 16

8031: Share Buybacks And Offtake Opportunity Will Support Balanced Future Outlook

Analysts now estimate Mitsui's fair value at ¥6,491.54, up from ¥6,436.92. This reflects updated views that incorporate slightly higher revenue growth expectations, a modestly stronger profit margin, and a somewhat lower future P/E assumption.
6326
JP¥2,842.00
Kubota
7D
5.3%
1Y
70.8%
Analysis Article • May 12

Kubota Corporation Just Recorded A 33% EPS Beat: Here's What Analysts Are Forecasting Next

Kubota Corporation ( TSE:6326 ) just released its quarterly report and things are looking bullish. It was overall a...