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Japanese (NIKKEI) Electrical Industry Analysis

UpdatedJan 09, 2026
DataAggregated Company Financials
Companies53
  • 7D1.6%
  • 3M9.1%
  • 1Y57.2%
  • YTD-2.0%

Over the last 7 days, the Electrical industry has risen 1.6%, driven by gains from Mitsubishi Electric of 3.4%. This takes the industry's 12 month performance to a gain of 57%. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

Has the Japanese Electrical Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 09 Jan 2026JP¥22.3tJP¥14.3tJP¥900.8b14.8x24.8x1.6x
Sun, 07 Dec 2025JP¥21.3tJP¥14.3tJP¥910.9b13.6x23.4x1.5x
Tue, 04 Nov 2025JP¥21.9tJP¥14.2tJP¥911.1b13x24x1.5x
Thu, 02 Oct 2025JP¥19.0tJP¥14.1tJP¥875.9b12.5x21.7x1.3x
Sat, 30 Aug 2025JP¥19.3tJP¥14.7tJP¥911.5b12.6x21.2x1.3x
Mon, 28 Jul 2025JP¥16.9tJP¥14.5tJP¥867.2b11.6x19.5x1.2x
Wed, 25 Jun 2025JP¥15.3tJP¥14.6tJP¥877.4b10.4x17.5x1.1x
Fri, 23 May 2025JP¥14.5tJP¥14.6tJP¥881.8b10.3x16.4x1x
Sun, 20 Apr 2025JP¥12.4tJP¥14.4tJP¥843.9b9.6x14.7x0.9x
Tue, 18 Mar 2025JP¥14.8tJP¥14.4tJP¥844.6b10.2x17.5x1x
Thu, 13 Feb 2025JP¥14.1tJP¥14.3tJP¥841.7b10.7x16.8x1x
Sat, 11 Jan 2025JP¥14.4tJP¥14.0tJP¥732.8b11.4x19.7x1x
Mon, 09 Dec 2024JP¥14.5tJP¥14.0tJP¥734.6b11.9x19.7x1x
Wed, 06 Nov 2024JP¥14.2tJP¥14.0tJP¥735.1b11.3x19.3x1x
Fri, 04 Oct 2024JP¥13.7tJP¥13.9tJP¥746.6b11.7x18.3x1x
Sun, 01 Sep 2024JP¥13.6tJP¥13.9tJP¥739.6b11.2x18.3x1x
Tue, 30 Jul 2024JP¥13.9tJP¥13.8tJP¥736.6b11.4x18.9x1x
Thu, 27 Jun 2024JP¥14.5tJP¥13.7tJP¥744.3b12.1x19.5x1.1x
Sat, 25 May 2024JP¥15.4tJP¥13.7tJP¥743.9b12.4x20.7x1.1x
Mon, 22 Apr 2024JP¥13.8tJP¥13.5tJP¥631.3b12.3x21.8x1x
Wed, 20 Mar 2024JP¥13.5tJP¥13.5tJP¥631.4b12x21.4x1x
Fri, 16 Feb 2024JP¥12.2tJP¥13.5tJP¥627.3b11x19.4x0.9x
Sun, 14 Jan 2024JP¥11.7tJP¥13.6tJP¥604.9b10.7x19.3x0.9x
Tue, 12 Dec 2023JP¥10.9tJP¥13.6tJP¥603.7b10.5x18.1x0.8x
Thu, 09 Nov 2023JP¥10.9tJP¥13.8tJP¥623.4b10.8x17.5x0.8x
Sat, 07 Oct 2023JP¥11.3tJP¥13.7tJP¥605.8b10.8x18.7x0.8x
Mon, 04 Sep 2023JP¥12.3tJP¥13.7tJP¥604.8b11.7x20.3x0.9x
Wed, 02 Aug 2023JP¥12.9tJP¥13.7tJP¥608.0b12x21.2x0.9x
Fri, 30 Jun 2023JP¥12.7tJP¥13.5tJP¥556.5b12x22.8x0.9x
Sun, 28 May 2023JP¥11.6tJP¥13.5tJP¥556.4b11.7x20.8x0.9x
Tue, 25 Apr 2023JP¥10.6tJP¥13.1tJP¥648.8b11.7x16.3x0.8x
Thu, 23 Mar 2023JP¥10.4tJP¥13.1tJP¥648.5b10.7x16x0.8x
Sat, 18 Feb 2023JP¥10.5tJP¥13.1tJP¥650.1b10.6x16.2x0.8x
Mon, 16 Jan 2023JP¥10.0tJP¥12.6tJP¥627.7b10.8x15.9x0.8x
Price to Earnings Ratio

15.9x


Total Market Cap: JP¥10.0tTotal Earnings: JP¥627.7bTotal Revenue: JP¥12.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Electrical Industry Price to Earnings3Y Average 19.3x202420252026
Current Industry PE
  • Investors are optimistic on the Japanese Electrical industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 24.8x which is higher than its 3-year average PE of 19.3x.
  • The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Electrical industry have grown 13% per year over the last three years.
  • Revenues for these companies have grown 4.1% 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 industry?

JP Market2.09%
Industrials3.45%
Electrical1.63%
Heavy Electrical Equipment2.96%
Electrical Components0.53%
Industry PE
  • Investors are most optimistic about the Electrical Components industry which is trading above its 3-year average PE ratio of 20.3x.
    • Analysts are expecting annual earnings growth of 15.7%, which is higher than its past year's earnings growth of 6.4% per year.
  • Investors are most pessimistic about the Heavy Electrical Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 18.1x.
Forecasted Growth
  • Analysts are most optimistic on the Electrical Components industry, expecting annual earnings growth of 16% over the next 5 years.
  • This is better than its past earnings growth rate of 6.4% per year.
  • In contrast, the Heavy Electrical Equipment industry is expected to see its earnings grow by 7.6% 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
6503 Mitsubishi ElectricJP¥4.74k3.3%
+JP¥307.0b		84.2%PE24.5x
6622 DAIHENJP¥10.82k8.3%
+JP¥19.8b		39.1%PE20x
6925 UshioJP¥2.74k9.5%
+JP¥19.4b		31.5%PE47.5x
5805 SWCCJP¥10.99k6.3%
+JP¥19.2b		47.1%PE21.5x
6507 Sinfonia TechnologyLtdJP¥9.71k7.1%
+JP¥18.1b		62.9%PE22.2x

Latest News

6925
JP¥2,742.00
Ushio
7D
9.5%
1Y
31.5%

Ushio (TSE:6925) Will Pay A Dividend Of ¥70.00

Jan 08
Ushio (TSE:6925) Will Pay A Dividend Of ¥70.00
6594
JP¥2,075.00
Nidec
7D
-2.7%
1Y
-28.8%

6594: Accounting Probe Resolution Will Unlock Future Upside Potential

Analysts have kept their fair value estimate for Nidec steady at ¥3,195, citing only small tweaks to assumptions such as a slightly higher discount rate and a marginally adjusted future P/E outlook. What's in the News Nidec has announced a series of organizational changes effective January 1, 2026, including new CTO Technology Planning and Intellectual Property departments, a dedicated Urban Air Mobility Project and Inverter System Development Project within the Product Technology R&D Center, and a new Business Strategy and Sales Department within the Automotive Motor & Electronic Control Business unit (company announcement).
5304
JP¥2,725.00
Sec CarbonLimited
7D
16.5%
1Y
26.2%
6503
JP¥4,735.00
Mitsubishi Electric
7D
3.3%
1Y
84.2%

6503: Rich Multiple Will Limit Benefits From New Technology Initiatives

Analysts have nudged their price target for Mitsubishi Electric slightly higher to ¥4,219.60 from ¥4,209.60, citing small tweaks to the discount rate, long term revenue growth, profit margin assumptions, and future P/E expectations. What's in the News Mitsubishi Power and Mitsubishi Electric completed functional testing of a next generation gas turbine control system designed to optimize large scale thermal power generation and support renewable energy fluctuations, with market launch for new projects targeted in fiscal 2026 (Key Developments).
6504
JP¥11,920.00
Fuji Electric
7D
0.6%
1Y
49.0%
6622
JP¥10,820.00
DAIHEN
7D
8.3%
1Y
39.1%
6516
JP¥4,160.00
Sanyo Denki
7D
-0.8%
1Y
44.4%
6507
JP¥9,710.00
Sinfonia TechnologyLtd
7D
7.1%
1Y
62.9%

Is Now The Time To Put Sinfonia TechnologyLtd (TSE:6507) On Your Watchlist?

Jan 01
Is Now The Time To Put Sinfonia TechnologyLtd (TSE:6507) On Your Watchlist?
5803
JP¥17,085.00
Fujikura
7D
-2.0%
1Y
171.0%

Here's Why We Think Fujikura (TSE:5803) Is Well Worth Watching

Dec 31
Here's Why We Think Fujikura (TSE:5803) Is Well Worth Watching
5805
JP¥10,990.00
SWCC
7D
6.3%
1Y
47.1%

SWCC's (TSE:5805) Shareholders Will Receive A Bigger Dividend Than Last Year

Dec 28
SWCC's (TSE:5805) Shareholders Will Receive A Bigger Dividend Than Last Year
5310
JP¥5,270.00
Toyo Tanso
7D
9.3%
1Y
27.3%
6623
JP¥7,350.00
Aichi Electric
7D
-3.3%
1Y
84.0%
6648
JP¥2,245.00
Kawaden
7D
-11.3%
1Y
315.9%
6517
JP¥3,550.00
Denyo
7D
-1.0%
1Y
32.7%

Denyo's (TSE:6517) Dividend Will Be Increased To ¥55.00

Dec 09
Denyo's (TSE:6517) Dividend Will Be Increased To ¥55.00
7931
JP¥3,405.00
Mirai IndustryLtd
7D
-1.4%
1Y
-6.5%
5817
JP¥1,022.00
JMACS Japan
7D
-17.2%
1Y
125.6%