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Japanese (NIKKEI) Machinery Industry Analysis

UpdatedJan 24, 2026
DataAggregated Company Financials
Companies252
  • 7D-1.3%
  • 3M11.5%
  • 1Y48.7%
  • YTD9.5%

Over the last 7 days, the Machinery industry has dropped 1.3%, driven by declines in SMC and Mitsubishi Heavy Industries of 5.0% and 1.3%, respectively. Over the past 12 months, the industry was up 49%. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 24 Jan 2026JP¥75.7tJP¥48.9tJP¥3.1t13.5x24.8x1.5x
Mon, 22 Dec 2025JP¥66.1tJP¥49.0tJP¥3.1t12.5x21.5x1.3x
Wed, 19 Nov 2025JP¥64.4tJP¥49.0tJP¥3.1t12.4x20.9x1.3x
Fri, 17 Oct 2025JP¥65.1tJP¥49.0tJP¥2.7t13.3x23.8x1.3x
Sun, 14 Sep 2025JP¥61.0tJP¥49.0tJP¥2.7t13.5x22.3x1.2x
Tue, 12 Aug 2025JP¥60.9tJP¥49.0tJP¥2.7t12.9x22.3x1.2x
Thu, 10 Jul 2025JP¥55.4tJP¥49.0tJP¥2.8t12.2x19.5x1.1x
Sat, 07 Jun 2025JP¥55.1tJP¥49.0tJP¥2.8t11.6x19.3x1.1x
Mon, 05 May 2025JP¥50.7tJP¥48.6tJP¥2.9t11.2x17.4x1x
Wed, 02 Apr 2025JP¥50.0tJP¥48.4tJP¥2.8t11.5x17.6x1x
Fri, 28 Feb 2025JP¥50.3tJP¥48.4tJP¥2.8t11.8x17.7x1x
Sun, 26 Jan 2025JP¥51.5tJP¥47.9tJP¥2.8t12.2x18.4x1.1x
Tue, 24 Dec 2024JP¥49.4tJP¥48.0tJP¥2.8t12.3x17.8x1x
Thu, 21 Nov 2024JP¥49.7tJP¥47.9tJP¥2.8t12.1x17.8x1x
Sat, 19 Oct 2024JP¥49.0tJP¥47.2tJP¥2.9t11.9x16.9x1x
Mon, 16 Sep 2024JP¥44.7tJP¥47.2tJP¥2.9t11.8x15.3x0.9x
Wed, 14 Aug 2024JP¥46.0tJP¥47.2tJP¥2.9t11.5x15.8x1x
Fri, 12 Jul 2024JP¥53.4tJP¥46.3tJP¥2.8t13.6x19.3x1.2x
Sun, 09 Jun 2024JP¥49.7tJP¥46.3tJP¥2.8t12.8x18x1.1x
Tue, 07 May 2024JP¥51.8tJP¥45.9tJP¥2.7t12.8x19.2x1.1x
Thu, 04 Apr 2024JP¥50.5tJP¥45.7tJP¥2.6t12.5x19.5x1.1x
Sat, 02 Mar 2024JP¥50.2tJP¥45.7tJP¥2.6t12.3x19.4x1.1x
Mon, 29 Jan 2024JP¥45.2tJP¥45.3tJP¥2.4t12.6x19.2x1x
Wed, 27 Dec 2023JP¥42.4tJP¥45.3tJP¥2.4t12x17.9x0.9x
Fri, 24 Nov 2023JP¥43.0tJP¥45.3tJP¥2.4t11.9x18.2x0.9x
Sun, 22 Oct 2023JP¥40.6tJP¥45.0tJP¥2.5t11.3x16.2x0.9x
Tue, 19 Sep 2023JP¥44.6tJP¥45.0tJP¥2.5t12.3x17.8x1x
Thu, 17 Aug 2023JP¥41.5tJP¥45.0tJP¥2.5t11.7x16.6x0.9x
Sat, 15 Jul 2023JP¥42.0tJP¥44.0tJP¥2.4t11.9x17.3x1x
Mon, 12 Jun 2023JP¥42.4tJP¥44.0tJP¥2.4t11.6x17.5x1x
Wed, 10 May 2023JP¥39.6tJP¥43.1tJP¥2.4t11.8x16.8x0.9x
Fri, 07 Apr 2023JP¥36.7tJP¥42.6tJP¥2.3t11.1x15.7x0.9x
Sun, 05 Mar 2023JP¥39.6tJP¥42.6tJP¥2.3t11.3x17x0.9x
Tue, 31 Jan 2023JP¥37.6tJP¥41.3tJP¥2.4t10.5x15.6x0.9x
Price to Earnings Ratio

15.6x


Total Market Cap: JP¥37.6tTotal Earnings: JP¥2.4tTotal Revenue: JP¥41.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Machinery Industry Price to Earnings3Y Average 18.5x202420252026
Current Industry PE
  • Investors are optimistic on the Japanese Machinery 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 18.5x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 8.2% per year over the last three years.
  • Revenues for these companies have grown 5.8% 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 Market-0.56%
Industrials-0.99%
Machinery-1.34%
Construction Machinery and Vehicles-0.81%
Industrial Machinery-1.26%
Agricultural Machinery-5.36%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 21.0x.
    • Analysts expect its future annual earnings growth (12.6%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Agricultural Machinery industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 11.6x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 8.3% 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
7013 IHIJP¥3.50k2.3%
+JP¥81.6b		183.9%PE28.7x
6361 EbaraJP¥4.97k2.2%
+JP¥48.0b		81.4%PE30.2x
6201 Toyota IndustriesJP¥19.58k0.6%
+JP¥37.6b		50.0%PE28.6x
6472 NTNJP¥382.60-0.9%
JP¥19.7b		56.1%PS0.3x
5333 NGK InsulatorsJP¥3.82k1.1%
+JP¥11.8b		94.6%PE20.8x

Latest News

7013
JP¥3,496.00
IHI
7D
2.3%
1Y
183.9%

7013: Higher Margins And Dividend Will Mask Overvalued Earnings Outlook

Analysts have lifted their price target on IHI from US$3,148.60 to US$3,265.00, citing revised assumptions around discount rates, long term profit margins, and future P/E expectations. What's in the News IHI issued revised consolidated earnings guidance for the fiscal year ending March 31, 2026, with expected revenue of JPY 1,640b, operating profit of JPY 160b, profit attributable to owners of parent of JPY 125b, and basic EPS of JPY 117.49 (Key Developments).
6465
JP¥5,210.00
Hoshizaki
7D
1.0%
1Y
-10.8%

Do Hoshizaki's (TSE:6465) Earnings Warrant Your Attention?

Jan 20
Do Hoshizaki's (TSE:6465) Earnings Warrant Your Attention?
7011
JP¥4,601.00
Mitsubishi Heavy Industries
7D
-1.3%
1Y
98.2%

7011: Conviction List Inclusion Will Support Future Returns From Ethanol Alliance

Analysts have lifted their fair value estimate for Mitsubishi Heavy Industries from ¥5,300 to ¥5,500, citing updated assumptions for revenue growth, profit margins and future P/E, along with recent positive Street interest, including the stock’s addition to an APAC Conviction List. Analyst Commentary Bullish Takeaways Bullish analysts highlight the stock’s addition to Goldman Sachs’ APAC Conviction List as a signal of strong confidence in the company’s execution and long term equity story.
7012
JP¥13,265.00
Kawasaki Heavy Industries
7D
-5.0%
1Y
93.0%

7012: Dividend And Earnings Guidance Will Likely Leave Shares Looking Expensive

Analysts are keeping their price target for Kawasaki Heavy Industries unchanged at ¥11,000, reflecting slightly adjusted assumptions around discount rate, revenue growth, profit margin, and future P/E multiple, without a clear shift in overall valuation. What's in the News Kawasaki Heavy Industries announced a second quarter end dividend of ¥75.00 per share for the year ending March 31, 2026, compared with ¥70.00 per share a year earlier.
7003
JP¥6,361.00
MITSUI E&S
7D
-8.2%
1Y
302.6%

Subdued Growth No Barrier To MITSUI E&S Co., Ltd. (TSE:7003) With Shares Advancing 35%

Jan 15
Subdued Growth No Barrier To MITSUI E&S Co., Ltd. (TSE:7003) With Shares Advancing 35%
6361
JP¥4,967.00
Ebara
7D
2.2%
1Y
81.4%

Ebara Corporation (TSE:6361) Looks Just Right With A 29% Price Jump

Jan 15
Ebara Corporation (TSE:6361) Looks Just Right With A 29% Price Jump
6472
JP¥382.60
NTN
7D
-0.9%
1Y
56.1%

There's No Escaping NTN Corporation's (TSE:6472) Muted Revenues

Jan 15
There's No Escaping NTN Corporation's (TSE:6472) Muted Revenues
6326
JP¥2,373.50
Kubota
7D
-5.7%
1Y
25.3%

Is Kubota (TSE:6326) A Risky Investment?

Jan 15
Is Kubota (TSE:6326) A Risky Investment?
6506
JP¥5,140.00
YASKAWA Electric
7D
-3.7%
1Y
10.9%
5333
JP¥3,824.00
NGK Insulators
7D
1.1%
1Y
94.6%

NGK Insulators (TSE:5333) Has A Rock Solid Balance Sheet

Jan 07
NGK Insulators (TSE:5333) Has A Rock Solid Balance Sheet
6370
JP¥7,381.00
Kurita Water Industries
7D
0.9%
1Y
31.9%
6135
JP¥11,260.00
Makino Milling Machine
7D
3.8%
1Y
-3.3%
6273
JP¥63,080.00
SMC
7D
-5.0%
1Y
6.0%

We Think SMC (TSE:6273) Can Stay On Top Of Its Debt

Dec 26
We Think SMC (TSE:6273) Can Stay On Top Of Its Debt
6954
JP¥6,574.00
Fanuc
7D
-1.1%
1Y
38.0%

Fanuc Corporation's (TSE:6954) 25% Share Price Surge Not Quite Adding Up

Dec 22
Fanuc Corporation's (TSE:6954) 25% Share Price Surge Not Quite Adding Up
6201
JP¥19,575.00
Toyota Industries
7D
0.6%
1Y
50.0%
6305
JP¥5,208.00
Hitachi Construction Machinery
7D
-3.9%
1Y
40.1%