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Japanese (NIKKEI) Industrials Sector Analysis

UpdatedAug 30, 2026
DataAggregated Company Financials
Companies1005
  • 7D2.5%
  • 3M2.7%
  • 1Y35.0%
  • YTD17.0%

The Industrials industry is up 2.5% in the last week, with Recruit Holdings up 12%. In the last 12 months, the industry was up 35%. 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, 30 Aug 2026JP¥327.6tJP¥283.8tJP¥18.4t12.5x17.8x1.2x
Tue, 28 Jul 2026JP¥316.4tJP¥274.1tJP¥17.0t12.9x18.6x1.2x
Thu, 25 Jun 2026JP¥311.3tJP¥274.1tJP¥17.0t12.3x18.3x1.1x
Sat, 23 May 2026JP¥325.0tJP¥278.5tJP¥17.2t12.4x18.9x1.2x
Mon, 20 Apr 2026JP¥317.7tJP¥275.0tJP¥16.6t13.5x19.2x1.2x
Wed, 18 Mar 2026JP¥316.6tJP¥275.5tJP¥16.6t13.7x19.1x1.1x
Fri, 13 Feb 2026JP¥333.9tJP¥275.3tJP¥16.6t14.4x20.1x1.2x
Sun, 11 Jan 2026JP¥293.6tJP¥272.3tJP¥16.5t13.4x17.8x1.1x
Tue, 09 Dec 2025JP¥280.2tJP¥272.7tJP¥16.6t12.9x16.9x1x
Thu, 06 Nov 2025JP¥268.8tJP¥271.6tJP¥16.4t13x16.4x1x
Sat, 04 Oct 2025JP¥253.0tJP¥270.8tJP¥15.9t12.9x15.9x0.9x
Mon, 01 Sep 2025JP¥252.6tJP¥271.8tJP¥15.9t13.1x15.9x0.9x
Wed, 30 Jul 2025JP¥241.0tJP¥271.8tJP¥16.1t12.4x15x0.9x
Fri, 27 Jun 2025JP¥228.7tJP¥271.8tJP¥16.2t11.7x14.1x0.8x
Sun, 25 May 2025JP¥224.5tJP¥272.0tJP¥16.2t11.4x13.9x0.8x
Tue, 22 Apr 2025JP¥202.6tJP¥268.2tJP¥15.9t11x12.8x0.8x
Thu, 20 Mar 2025JP¥224.6tJP¥268.3tJP¥15.9t11.8x14.2x0.8x
Sat, 15 Feb 2025JP¥217.3tJP¥267.6tJP¥15.8t11.8x13.8x0.8x
Mon, 13 Jan 2025JP¥216.7tJP¥260.8tJP¥14.5t11.8x14.9x0.8x
Wed, 11 Dec 2024JP¥221.1tJP¥265.8tJP¥15.0t11.9x14.7x0.8x
Fri, 08 Nov 2024JP¥222.1tJP¥263.5tJP¥14.8t12x15x0.8x
Sun, 06 Oct 2024JP¥218.9tJP¥262.0tJP¥14.7t12x14.9x0.8x
Tue, 03 Sep 2024JP¥215.7tJP¥262.0tJP¥14.7t12x14.7x0.8x
Thu, 01 Aug 2024JP¥221.7tJP¥258.2tJP¥14.2t12.9x15.6x0.9x
Sat, 29 Jun 2024JP¥224.4tJP¥257.8tJP¥14.1t13x15.9x0.9x
Mon, 27 May 2024JP¥222.6tJP¥258.5tJP¥14.2t12.6x15.7x0.9x
Wed, 24 Apr 2024JP¥213.2tJP¥256.8tJP¥13.9t13x15.4x0.8x
Fri, 22 Mar 2024JP¥219.6tJP¥256.6tJP¥13.9t13.3x15.8x0.9x
Sun, 18 Feb 2024JP¥204.9tJP¥256.6tJP¥13.9t12.6x14.8x0.8x
Tue, 16 Jan 2024JP¥204.7tJP¥264.0tJP¥13.7t13x15x0.8x
Thu, 14 Dec 2023JP¥187.3tJP¥263.9tJP¥13.7t12.3x13.7x0.7x
Sat, 11 Nov 2023JP¥187.1tJP¥263.9tJP¥13.9t11.9x13.5x0.7x
Mon, 09 Oct 2023JP¥181.7tJP¥264.9tJP¥14.8t12.1x12.3x0.7x
Wed, 06 Sep 2023JP¥197.1tJP¥264.8tJP¥14.8t12.6x13.3x0.7x
Price to Earnings Ratio

13.3x


Total Market Cap: JP¥197.1tTotal Earnings: JP¥14.8tTotal Revenue: JP¥264.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Industrials Sector Price to Earnings3Y Average 15.6x202420252026
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 15.6x.
  • The 3-year average PS ratio of 0.90x 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 7.5% per year over the last three years.
  • Revenues for these companies have grown 2.3% 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 Market1.54%
Industrials2.52%
Professional Services10.22%
Industrials6.09%
Aerospace & Defense2.74%
Infrastructure2.16%
Construction2.12%
Trade Distributors1.70%
Machinery1.48%
Airlines1.43%
Electrical0.97%
Building0.84%
Commercial Services0.68%
Transportation0.48%
Logistics0.46%
Marine and Shipping-0.82%
Industry PE
  • Investors are most optimistic about the Professional Services industry which is trading above its 3-year average PE ratio of 25.2x.
    • Analysts are expecting annual earnings growth of 15.9%, which is higher than its past year's earnings growth of 14.3% per year.
Forecasted Growth
  • Analysts are most optimistic on the Aerospace & Defense industry, expecting annual earnings growth of 47% 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 5.1% 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¥17.80k11.9%
+JP¥2.6t		107.5%PE42.8x
6501 HitachiJP¥5.55k6.8%
+JP¥1.6t		37.1%PE31.1x
6301 KomatsuJP¥7.54k6.7%
+JP¥421.7b		49.6%PE17.6x
8015 Toyota TsushoJP¥7.60k5.1%
+JP¥348.8b		91.3%PE17.5x
8053 SumitomoJP¥1.78k3.9%
+JP¥315.1b		71.3%PE13.6x

Latest News

7011
JP¥4,025.00
Mitsubishi Heavy Industries
7D
2.4%
1Y
7.2%
5333
JP¥5,285.00
NGK
7D
-3.3%
1Y
125.4%
8053
JP¥1,775.50
Sumitomo
7D
3.9%
1Y
71.3%
8001
JP¥2,116.50
ITOCHU
7D
1.8%
1Y
26.0%
6098
JP¥17,800.00
Recruit Holdings
7D
11.9%
1Y
107.5%
Narrative Update • Aug 26

6098: Fair Outlook As 2027 Guidance And Capital Returns Shape Earnings Profile

Analysts have raised their price target for Recruit Holdings from ¥13,018.75 to ¥15,850, citing updated assumptions for revenue growth, profit margins, and future P/E levels as key drivers of the valuation change. What’s in the News for Recruit Holdings Recruit Holdings raised its consolidated earnings guidance for the fiscal year ending March 31, 2027, now projecting revenue of ¥4,230.0b, operating income of ¥945.0b, profit attributable to owners of parent of ¥755.0b, and basic earnings per share of ¥543.00.
7912
JP¥3,093.00
Dai Nippon Printing
7D
-4.1%
1Y
24.8%
6361
JP¥4,688.00
Ebara
7D
-4.7%
1Y
51.8%
6506
JP¥4,811.00
YASKAWA Electric
7D
-3.4%
1Y
62.6%
8015
JP¥7,598.00
Toyota Tsusho
7D
5.1%
1Y
91.3%
Narrative Update • Aug 19

8015: Quantum Computing Push And Major Buyback Will Support Future Upside

The updated analyst price target for Toyota Tsusho has shifted from a fair value estimate of ¥9,200 to about ¥9,986. This reflects analysts' recalibration of discount rates, slightly softer revenue growth and profit margin assumptions, and a lower future P/E outlook.
9104
JP¥7,096.00
Mitsui O.S.K. Lines
7D
-2.5%
1Y
49.4%
6301
JP¥7,538.00
Komatsu
7D
6.7%
1Y
49.6%
Narrative Update • Aug 14

6301: Raised Earnings Outlook And Buybacks Will Support Future Upside Potential

Analysts now see Komatsu’s fair value at approximately ¥9,340, compared with the prior estimate of around ¥8,414. This reflects updated views on its revenue growth, profit margins and future P/E assumptions.
6501
JP¥5,550.00
Hitachi
7D
6.8%
1Y
37.1%
Narrative Update • Aug 13

6501: Physical AI Partnerships And Storage Demand Will Support Balanced Future Upside

Analysts have nudged their price target for Hitachi higher to ¥6,161 from ¥6,036, reflecting updated views on fair value, discount rate, and modestly adjusted revenue growth, profit margin, and future P/E assumptions. What’s in the News for Hitachi Hitachi Vantara reported Q1 fiscal 2026 revenue up 12% year over year, with storage revenue up 45%, supported by demand for the VSP One portfolio as enterprises modernize infrastructure and scale AI initiatives.
6273
JP¥70,300.00
SMC
7D
-1.1%
1Y
54.2%
Analysis Article • Aug 11

SMC Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

SMC Corporation ( TSE:6273 ) just released its latest first-quarter results and things are looking bullish. It was a...
6383
JP¥5,745.00
Daifuku
7D
-2.6%
1Y
22.3%
Analysis Article • Aug 08

Daifuku Co., Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Daifuku Co., Ltd. ( TSE:6383 ) just released its interim report and things are looking bullish. Daifuku beat earnings...
9143
JP¥1,508.50
SG HoldingsLtd
7D
-3.7%
1Y
-5.1%
8031
JP¥4,979.00
Mitsui
7D
1.6%
1Y
45.3%