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Japanese (NIKKEI) Industrials Sector Analysis

UpdatedOct 22, 2025
DataAggregated Company Financials
Companies1027
  • 7D3.1%
  • 3M9.9%
  • 1Y25.1%
  • YTD20.4%

The Industrials industry is up 3.1% in the last week, with Mitsubishi Heavy Industries up 5.9%. Meanwhile, Baycurrent actually underperformed within the industry, shrinking 11% in the last week. This takes the industry's 12 month performance to a gain of 25%. Looking forward, 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
Wed, 22 Oct 2025JP¥262.5tJP¥270.6tJP¥15.9t13.1x16.5x1x
Fri, 19 Sep 2025JP¥255.4tJP¥271.3tJP¥15.9t13.3x16.1x0.9x
Sun, 17 Aug 2025JP¥252.9tJP¥271.8tJP¥15.9t12.8x15.9x0.9x
Tue, 15 Jul 2025JP¥232.1tJP¥271.8tJP¥16.2t12.1x14.4x0.9x
Thu, 12 Jun 2025JP¥227.4tJP¥271.9tJP¥16.2t11.6x14.1x0.8x
Sat, 10 May 2025JP¥221.8tJP¥269.8tJP¥16.0t11.5x13.8x0.8x
Mon, 07 Apr 2025JP¥197.7tJP¥268.3tJP¥15.8t10.6x12.5x0.7x
Wed, 05 Mar 2025JP¥214.9tJP¥268.3tJP¥15.8t11.5x13.6x0.8x
Fri, 31 Jan 2025JP¥219.8tJP¥265.6tJP¥15.1t12.1x14.6x0.8x
Sun, 29 Dec 2024JP¥225.6tJP¥265.9tJP¥15.0t12.1x15x0.8x
Tue, 26 Nov 2024JP¥218.9tJP¥264.5tJP¥14.9t11.8x14.7x0.8x
Thu, 24 Oct 2024JP¥212.8tJP¥262.3tJP¥14.7t11.7x14.5x0.8x
Sat, 21 Sep 2024JP¥212.5tJP¥261.9tJP¥14.7t12x14.5x0.8x
Mon, 19 Aug 2024JP¥212.9tJP¥261.8tJP¥14.6t11.7x14.5x0.8x
Wed, 17 Jul 2024JP¥231.7tJP¥257.8tJP¥14.2t13.1x16.3x0.9x
Fri, 14 Jun 2024JP¥218.0tJP¥257.8tJP¥14.2t12.6x15.4x0.8x
Sun, 12 May 2024JP¥222.7tJP¥257.7tJP¥13.9t13.1x16x0.9x
Tue, 09 Apr 2024JP¥216.0tJP¥256.7tJP¥13.9t13.1x15.6x0.8x
Thu, 07 Mar 2024JP¥213.7tJP¥256.6tJP¥13.9t12.9x15.4x0.8x
Sat, 03 Feb 2024JP¥204.4tJP¥264.0tJP¥13.8t13.1x14.8x0.8x
Mon, 01 Jan 2024JP¥191.1tJP¥264.0tJP¥13.7t12.4x14x0.7x
Wed, 29 Nov 2023JP¥190.1tJP¥264.1tJP¥13.7t12.2x13.9x0.7x
Fri, 27 Oct 2023JP¥177.1tJP¥265.0tJP¥14.8t11.9x11.9x0.7x
Sun, 24 Sep 2023JP¥193.8tJP¥264.9tJP¥14.8t12.5x13.1x0.7x
Tue, 22 Aug 2023JP¥184.6tJP¥264.8tJP¥14.8t12x12.5x0.7x
Thu, 20 Jul 2023JP¥188.7tJP¥264.2tJP¥15.6t12.2x12.1x0.7x
Sat, 17 Jun 2023JP¥190.5tJP¥264.2tJP¥15.6t11.9x12.2x0.7x
Mon, 15 May 2023JP¥170.9tJP¥262.7tJP¥15.6t11.5x11x0.7x
Wed, 12 Apr 2023JP¥159.9tJP¥258.1tJP¥15.7t11.1x10.2x0.6x
Fri, 10 Mar 2023JP¥166.4tJP¥257.2tJP¥15.6t11.4x10.7x0.6x
Sun, 05 Feb 2023JP¥156.9tJP¥252.9tJP¥15.8t10.6x10x0.6x
Tue, 03 Jan 2023JP¥151.5tJP¥249.4tJP¥15.8t10.4x9.6x0.6x
Thu, 01 Dec 2022JP¥160.3tJP¥249.3tJP¥15.8t10.7x10.1x0.6x
Sat, 29 Oct 2022JP¥152.0tJP¥237.9tJP¥14.5t10.5x10.5x0.6x
Price to Earnings Ratio

10.5x


Total Market Cap: JP¥152.0tTotal Earnings: JP¥14.5tTotal Revenue: JP¥237.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Industrials Sector Price to Earnings3Y Average 13.5x202320242025
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 16.5x which is higher than its 3-year average PE of 13.5x.
  • The industry is trading close to its 3-year average PS ratio of 0.77x.
Past Earnings Growth
  • The earnings for companies in the Industrials industry have grown 3.0% per year over the last three years.
  • Revenues for these companies have grown 4.4% 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 Market3.60%
Industrials3.09%
Industrials5.23%
Machinery4.89%
Aerospace & Defense4.57%
Building4.38%
Electrical4.14%
Construction3.10%
Airlines3.04%
Infrastructure2.47%
Trade Distributors2.40%
Marine and Shipping1.42%
Logistics1.13%
Commercial Services0.90%
Transportation0.80%
Professional Services-0.91%
Industry PE
  • Investors are most optimistic about the Industrials industry which is trading above its 3-year average PE ratio of 18.9x.
    • Analysts are expecting annual earnings growth of 12.5%, which is higher than its past year's earnings growth of 8.9% per year.
Forecasted Growth
  • Analysts are most optimistic on the Aerospace & Defense industry, expecting annual earnings growth of 53% over the next 5 years.
  • This is better than its past earnings growth rate of 5.2% per year.
  • In contrast, the Marine and Shipping industry is expected to see its earnings decline by 19% 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
7011 Mitsubishi Heavy IndustriesJP¥4.37k5.9%
+JP¥819.4b		108.4%PE58.3x
8001 ITOCHUJP¥8.72k4.0%
+JP¥471.7b		14.8%PE12.8x
6954 FanucJP¥4.87k7.0%
+JP¥298.6b		25.3%PE29x
8058 MitsubishiJP¥3.67k2.1%
+JP¥280.3b		30.9%PE17.4x
6367 Daikin IndustriesLtdJP¥18.48k4.8%
+JP¥247.4b		1.5%PE19.1x

Latest News

6098
JP¥7,870.00
Recruit Holdings
7D
1.7%
1Y
-14.2%

Recruit Holdings (TSE:6098) Seems To Use Debt Rather Sparingly

Oct 18
Recruit Holdings (TSE:6098) Seems To Use Debt Rather Sparingly
8001
JP¥8,723.00
ITOCHU
7D
4.0%
1Y
14.8%

Sustainability And Digitalization Will Build Resilient Operations

Narrative Update on ITOCHU: Analyst Price Target Revision Analysts have maintained their fair value estimate for ITOCHU at ¥9,696, with only minimal adjustments to underlying assumptions. They cite steady company fundamentals and sustained profit margins as key factors.
8058
JP¥3,672.00
Mitsubishi
7D
2.1%
1Y
30.9%

Renewable Fuels And LNG Will Shape A Global Energy Transition

Mitsubishi Analyst Price Target Sees Minimal Adjustment Analysts have made a slight adjustment to Mitsubishi's price target, maintaining it at approximately ¥3,405. New data and updated discount rate figures support a consistent outlook for the company's valuation.
1407
JP¥1,634.00
West Holdings
7D
-8.0%
1Y
-24.2%

West Holdings Corporation Just Missed EPS By 11%: Here's What Analysts Think Will Happen Next

Oct 17
West Holdings Corporation Just Missed EPS By 11%: Here's What Analysts Think Will Happen Next
6532
JP¥7,464.00
Baycurrent
7D
-10.7%
1Y
53.8%
5803
JP¥17,000.00
Fujikura
7D
5.2%
1Y
238.3%

Returns on Capital Paint A Bright Future For Fujikura (TSE:5803)

Oct 13
Returns on Capital Paint A Bright Future For Fujikura (TSE:5803)
186A
JP¥829.00
Astroscale Holdings
7D
-4.7%
1Y
-17.0%
6503
JP¥3,929.00
Mitsubishi Electric
7D
-0.3%
1Y
69.8%

Industrial Automation And Decarbonization Will Shape Future Infrastructure

Analysts have raised their fair value estimate for Mitsubishi Electric from ¥3,568 to ¥3,668. This change reflects updated model inputs and modest improvements to profit margin expectations.
7011
JP¥4,367.00
Mitsubishi Heavy Industries
7D
5.9%
1Y
108.4%

Clean Energy Transition And Aerospace Will Drive Future Momentum

Analysts have raised their price target for Mitsubishi Heavy Industries from ¥3,913.75 to ¥3,995.00. They cite slight improvements in projected profit margins and a stable outlook on growth and valuation metrics.
6501
JP¥4,480.00
Hitachi
7D
-0.6%
1Y
15.0%
6954
JP¥4,873.00
Fanuc
7D
7.0%
1Y
25.3%
6273
JP¥51,660.00
SMC
7D
-0.4%
1Y
-17.2%
9022
JP¥4,182.00
Central Japan Railway
7D
-2.5%
1Y
33.7%

Central Japan Railway Company's (TSE:9022) Low P/E No Reason For Excitement

Oct 05
Central Japan Railway Company's (TSE:9022) Low P/E No Reason For Excitement
6367
JP¥18,475.00
Daikin IndustriesLtd
7D
4.8%
1Y
1.5%
9024
JP¥5,453.00
Seibu Holdings
7D
-1.4%
1Y
68.7%
6301
JP¥5,564.00
Komatsu
7D
3.5%
1Y
40.3%