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Japanese (NIKKEI) Industrials Sector Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies1021
  • 7D-0.09%
  • 3M14.1%
  • 1Y40.1%
  • YTD1.8%

The Industrials is pretty flat in the last 7 days, but Recruit Holdings has stood out, gaining 3.5%. As for the the longer term, the industry is up 40% over the past 12 months. Looking forward, earnings are forecast to grow by 7.7% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026JP¥293.4tJP¥272.3tJP¥16.5t13.4x17.8x1.1x
Thu, 11 Dec 2025JP¥281.5tJP¥272.7tJP¥16.6t12.8x17x1x
Sat, 08 Nov 2025JP¥273.7tJP¥271.5tJP¥16.3t13x16.8x1x
Mon, 06 Oct 2025JP¥252.9tJP¥270.8tJP¥15.9t13x15.9x0.9x
Wed, 03 Sep 2025JP¥252.9tJP¥271.3tJP¥15.9t13.1x15.9x0.9x
Fri, 01 Aug 2025JP¥245.1tJP¥271.9tJP¥16.1t12.5x15.2x0.9x
Sun, 29 Jun 2025JP¥232.1tJP¥271.8tJP¥16.2t11.7x14.3x0.9x
Tue, 27 May 2025JP¥225.6tJP¥272.0tJP¥16.2t11.4x13.9x0.8x
Thu, 24 Apr 2025JP¥207.7tJP¥268.2tJP¥15.8t11.2x13.1x0.8x
Sat, 22 Mar 2025JP¥223.4tJP¥268.3tJP¥15.9t11.8x14.1x0.8x
Mon, 17 Feb 2025JP¥217.3tJP¥268.3tJP¥15.8t11.6x13.7x0.8x
Wed, 15 Jan 2025JP¥214.1tJP¥264.3tJP¥14.9t11.8x14.4x0.8x
Fri, 13 Dec 2024JP¥224.1tJP¥265.9tJP¥15.0t12x14.9x0.8x
Sun, 10 Nov 2024JP¥221.9tJP¥264.2tJP¥15.0t11.9x14.8x0.8x
Tue, 08 Oct 2024JP¥222.3tJP¥262.0tJP¥14.7t12.1x15.2x0.8x
Thu, 05 Sep 2024JP¥207.2tJP¥262.0tJP¥14.7t11.8x14.1x0.8x
Sat, 03 Aug 2024JP¥200.5tJP¥258.8tJP¥14.3t11.7x14x0.8x
Mon, 01 Jul 2024JP¥224.4tJP¥257.8tJP¥14.1t13x15.9x0.9x
Wed, 29 May 2024JP¥224.5tJP¥258.5tJP¥14.2t12.7x15.8x0.9x
Fri, 26 Apr 2024JP¥213.7tJP¥256.8tJP¥13.9t12.9x15.4x0.8x
Sun, 24 Mar 2024JP¥220.7tJP¥256.6tJP¥13.9t13.2x15.9x0.9x
Tue, 20 Feb 2024JP¥206.7tJP¥256.6tJP¥13.9t12.7x14.9x0.8x
Thu, 18 Jan 2024JP¥202.1tJP¥264.0tJP¥13.7t12.8x14.8x0.8x
Sat, 16 Dec 2023JP¥188.1tJP¥264.0tJP¥13.7t12.2x13.7x0.7x
Mon, 13 Nov 2023JP¥187.1tJP¥264.0tJP¥13.9t11.9x13.5x0.7x
Wed, 11 Oct 2023JP¥186.0tJP¥264.9tJP¥14.8t12.2x12.5x0.7x
Fri, 08 Sep 2023JP¥197.0tJP¥264.8tJP¥14.8t12.7x13.3x0.7x
Sun, 06 Aug 2023JP¥188.7tJP¥263.5tJP¥14.8t12.1x12.8x0.7x
Tue, 04 Jul 2023JP¥192.7tJP¥264.1tJP¥15.6t12.4x12.4x0.7x
Thu, 01 Jun 2023JP¥173.1tJP¥263.9tJP¥15.6t11.4x11.1x0.7x
Sat, 29 Apr 2023JP¥166.7tJP¥258.4tJP¥15.7t11.3x10.6x0.6x
Mon, 27 Mar 2023JP¥157.1tJP¥254.6tJP¥15.7t11x10x0.6x
Wed, 22 Feb 2023JP¥159.3tJP¥257.1tJP¥15.6t11x10.2x0.6x
Fri, 20 Jan 2023JP¥152.4tJP¥249.6tJP¥15.8t10.4x9.6x0.6x
Price to Earnings Ratio

9.6x


Total Market Cap: JP¥152.4tTotal Earnings: JP¥15.8tTotal Revenue: JP¥249.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Industrials Sector Price to Earnings3Y Average 14x202420252026
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 17.8x which is higher than its 3-year average PE of 14.0x.
  • The 3-year average PS ratio of 0.80x is lower than the industry's current PS ratio of 1.1x.
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 2.9% 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 Market-0.30%
Industrials-0.085%
Professional Services2.90%
Infrastructure2.06%
Marine and Shipping1.98%
Aerospace & Defense1.87%
Machinery1.81%
Construction1.50%
Airlines0.83%
Commercial Services0.80%
Transportation-0.20%
Trade Distributors-0.41%
Logistics-1.41%
Building-1.77%
Electrical-2.78%
Industrials-5.08%
Industry PE
  • Investors are most optimistic about the Professional Services industry, which is trading close to its 3-year average PE ratio of 25.2x.
    • Analysts are expecting annual earnings growth of 11.0%, which is lower than the prior year's growth of 15.2% 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 roughly in line with its past earnings growth rate.
  • In contrast, the Marine and Shipping industry is expected to see its earnings decline by 13% 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¥4.47k4.8%
+JP¥688.8b		112.6%PE57x
8058 MitsubishiJP¥3.97k4.9%
+JP¥681.9b		58.3%PE21.4x
8002 MarubeniJP¥4.93k8.2%
+JP¥614.2b		119.6%PE14.2x
8031 MitsuiJP¥4.99k2.9%
+JP¥405.6b		64.1%PE15.6x
8015 Toyota TsushoJP¥5.84k6.1%
+JP¥355.8b		119.8%PE16.8x

Latest News

9024
JP¥4,236.00
Seibu Holdings
7D
-4.6%
1Y
32.3%

Returns on Capital Paint A Bright Future For Seibu Holdings (TSE:9024)

Jan 11
Returns on Capital Paint A Bright Future For Seibu Holdings (TSE:9024)
8058
JP¥3,971.00
Mitsubishi
7D
4.9%
1Y
58.3%

Mitsubishi's (TSE:8058) Dividend Will Be ¥55.00

Jan 10
Mitsubishi's (TSE:8058) Dividend Will Be ¥55.00
8002
JP¥4,930.00
Marubeni
7D
8.2%
1Y
119.6%

Earnings Not Telling The Story For Marubeni Corporation (TSE:8002)

Jan 10
Earnings Not Telling The Story For Marubeni Corporation (TSE:8002)
6506
JP¥4,921.00
YASKAWA Electric
7D
-3.0%
1Y
20.4%
9064
JP¥2,123.50
Yamato Holdings
7D
-6.0%
1Y
21.3%

Yamato Holdings' (TSE:9064) Returns On Capital Not Reflecting Well On The Business

Jan 10
Yamato Holdings' (TSE:9064) Returns On Capital Not Reflecting Well On The Business
5803
JP¥17,145.00
Fujikura
7D
-7.3%
1Y
180.8%

Fujikura's (TSE:5803) Dividend Will Be ¥95.00

Jan 09
Fujikura's (TSE:5803) Dividend Will Be ¥95.00
7013
JP¥3,418.00
IHI
7D
9.8%
1Y
189.1%
6098
JP¥9,186.00
Recruit Holdings
7D
2.1%
1Y
-13.6%

6098: Share Repurchases And Raised Guidance Will Support Stronger Future Earnings Power

Analysts have maintained Recruit Holdings' fair value target at ¥11,800, making only minor adjustments to assumptions on discount rate, revenue growth, profit margin and future P/E to reflect updated views on the company’s risk profile and earnings power. What's in the News On October 16, 2025, the Board of Directors authorized a share repurchase plan allowing Recruit Holdings to buy back up to 38,000,000 shares, or 2.68% of shares outstanding (excluding treasury shares), for up to ¥250,000 million.
8015
JP¥5,837.00
Toyota Tsusho
7D
6.1%
1Y
119.8%

Toyota Tsusho (TSE:8015) Is Due To Pay A Dividend Of ¥58.00

Jan 08
Toyota Tsusho (TSE:8015) Is Due To Pay A Dividend Of ¥58.00
8053
JP¥5,938.00
Sumitomo
7D
4.2%
1Y
83.0%
6501
JP¥5,314.00
Hitachi
7D
-2.4%
1Y
42.1%

6501: Government Energy And AI Infrastructure Will Support Measured Future Upside Potential

Analysts have nudged their price target on Hitachi slightly higher to reflect small adjustments in fair value, discount rate, revenue growth expectations, profit margin, and future P/E assumptions. The overall change is framed as a modest uplift rather than a major reset.
5801
JP¥9,948.00
Furukawa Electric
7D
-5.5%
1Y
44.2%

Here's Why Furukawa Electric (TSE:5801) Can Manage Its Debt Responsibly

Jan 05
Here's Why Furukawa Electric (TSE:5801) Can Manage Its Debt Responsibly
6479
JP¥3,067.00
MINEBEA MITSUMI
7D
-3.9%
1Y
26.1%

6479: Raised Guidance And Dividend Will Support Fairly Valued Outlook

Analysts have lifted their price target for MINEBEA MITSUMI to ¥3,363 from ¥3,326, reflecting slightly higher assumptions for fair value, revenue growth, profit margin, and future P/E. What's in the News MINEBEA MITSUMI raised consolidated net sales guidance for the year ending March 31, 2026 to ¥1,550,000 million, compared with the previous range of ¥1,500,000 million to ¥1,520,000 million (company guidance).
7011
JP¥4,465.00
Mitsubishi Heavy Industries
7D
4.8%
1Y
112.6%

7011: Ethanol Alliance And Earnings Outlook Will Support Higher Future Returns

Analysts now set their fair value estimate for Mitsubishi Heavy Industries at ¥5,300, up from ¥3,848.99, citing revised assumptions for revenue growth, profit margins, future P/E levels and an updated discount rate. What's in the News Mitsubishi Heavy Industries issued revised consolidated earnings guidance for the fiscal year ending March 31, 2026, with expected revenue of ¥4,800,000 million, profit from business activities of ¥390,000 million, profit attributable to owners of the parent of ¥230,000 million, and basic earnings per share of ¥68.49 (company guidance).
8031
JP¥4,992.00
Mitsui
7D
2.9%
1Y
64.1%

8031: Earnings Upside And Buybacks Will Drive Stronger Share Performance

Analysts have raised their price target for Mitsui from ¥4,700 to approximately ¥5,600, citing a lower perceived risk profile, slightly stronger long term profitability, and a higher expected future valuation multiple. What's in the News Mitsui agreed a Memorandum of Understanding with AM Green to explore strategic collaboration and potential investment across the green aluminum value chain, supporting what is described as the world's first integrated green aluminum production platform powered by renewable energy (Key Developments).
6367
JP¥19,665.00
Daikin IndustriesLtd
7D
-3.2%
1Y
8.0%

Here's What To Make Of Daikin IndustriesLtd's (TSE:6367) Decelerating Rates Of Return

Jan 04
Here's What To Make Of Daikin IndustriesLtd's (TSE:6367) Decelerating Rates Of Return