Narrative Update • Sep 09
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Japanese (NIKKEI) Machinery Industry Analysis
UpdatedSep 17, 2026
DataAggregated Company Financials
Companies244
- 7D-1.2%
- 3M-11.9%
- 1Y25.1%
- YTD8.1%
Over the last 7 days, the Machinery industry has dropped 1.2%, driven by a pullback from Komatsu of 4.5%. This takes the industry's 12 month performance to a gain of 25%. As for the next few years, earnings are expected to grow by 8.8% per annum.
Industry Valuation and Performance
Has the Japanese Machinery Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 18 Sep 2026 | JP¥68.9t | JP¥46.6t | JP¥3.9t | 13.2x | 17.8x | 1.5x |
| Sun, 16 Aug 2026 | JP¥76.0t | JP¥46.7t | JP¥3.9t | 13.5x | 19.6x | 1.6x |
| Tue, 14 Jul 2026 | JP¥73.8t | JP¥45.1t | JP¥3.2t | 14.9x | 22.7x | 1.6x |
| Thu, 11 Jun 2026 | JP¥70.5t | JP¥45.1t | JP¥3.2t | 14x | 21.7x | 1.6x |
| Sat, 09 May 2026 | JP¥84.2t | JP¥49.2t | JP¥3.2t | 15.1x | 26x | 1.7x |
| Mon, 06 Apr 2026 | JP¥76.1t | JP¥49.4t | JP¥3.2t | 14.3x | 23.8x | 1.5x |
| Wed, 04 Mar 2026 | JP¥84.3t | JP¥49.9t | JP¥3.2t | 15.4x | 26.2x | 1.7x |
| Fri, 30 Jan 2026 | JP¥74.3t | JP¥48.9t | JP¥3.1t | 13.5x | 24.3x | 1.5x |
| Sun, 28 Dec 2025 | JP¥66.5t | JP¥49.0t | JP¥3.1t | 12.6x | 21.6x | 1.4x |
| Tue, 25 Nov 2025 | JP¥64.0t | JP¥49.0t | JP¥3.1t | 12.3x | 20.8x | 1.3x |
| Thu, 23 Oct 2025 | JP¥67.1t | JP¥49.0t | JP¥2.7t | 13.5x | 24.5x | 1.4x |
| Sat, 20 Sep 2025 | JP¥60.6t | JP¥49.0t | JP¥2.7t | 13.8x | 22.2x | 1.2x |
| Mon, 18 Aug 2025 | JP¥61.4t | JP¥49.0t | JP¥2.7t | 13.1x | 22.5x | 1.3x |
| Wed, 16 Jul 2025 | JP¥55.6t | JP¥49.0t | JP¥2.8t | 12.3x | 19.5x | 1.1x |
| Fri, 13 Jun 2025 | JP¥55.0t | JP¥49.0t | JP¥2.8t | 11.8x | 19.3x | 1.1x |
| Sun, 11 May 2025 | JP¥51.2t | JP¥48.8t | JP¥2.9t | 11.2x | 17.9x | 1x |
| Tue, 08 Apr 2025 | JP¥41.2t | JP¥48.4t | JP¥2.8t | 9.6x | 14.5x | 0.9x |
| Thu, 06 Mar 2025 | JP¥50.5t | JP¥48.4t | JP¥2.8t | 11.7x | 17.8x | 1x |
| Sat, 01 Feb 2025 | JP¥51.7t | JP¥48.0t | JP¥2.8t | 12.2x | 18.5x | 1.1x |
| Mon, 30 Dec 2024 | JP¥50.8t | JP¥47.9t | JP¥2.8t | 12.5x | 18.3x | 1.1x |
| Wed, 27 Nov 2024 | JP¥49.2t | JP¥47.9t | JP¥2.8t | 12.2x | 17.7x | 1x |
| Fri, 25 Oct 2024 | JP¥47.4t | JP¥47.3t | JP¥2.9t | 11.9x | 16.3x | 1x |
| Sun, 22 Sep 2024 | JP¥46.5t | JP¥47.2t | JP¥2.9t | 12.2x | 16x | 1x |
| Tue, 20 Aug 2024 | JP¥47.1t | JP¥47.2t | JP¥2.9t | 11.4x | 16.2x | 1x |
| Thu, 18 Jul 2024 | JP¥54.8t | JP¥46.3t | JP¥2.8t | 13.4x | 19.8x | 1.2x |
| Sat, 15 Jun 2024 | JP¥50.7t | JP¥46.3t | JP¥2.8t | 13x | 18.3x | 1.1x |
| Mon, 13 May 2024 | JP¥52.1t | JP¥46.3t | JP¥2.8t | 12.9x | 18.8x | 1.1x |
| Wed, 10 Apr 2024 | JP¥51.7t | JP¥45.7t | JP¥2.6t | 12.7x | 20x | 1.1x |
| Fri, 08 Mar 2024 | JP¥51.1t | JP¥45.7t | JP¥2.6t | 12.6x | 19.7x | 1.1x |
| Sun, 04 Feb 2024 | JP¥45.7t | JP¥45.4t | JP¥2.4t | 12.6x | 19x | 1x |
| Tue, 02 Jan 2024 | JP¥42.9t | JP¥45.3t | JP¥2.4t | 12.2x | 18.1x | 0.9x |
| Thu, 30 Nov 2023 | JP¥42.9t | JP¥45.3t | JP¥2.4t | 11.8x | 18.1x | 0.9x |
| Sat, 28 Oct 2023 | JP¥40.2t | JP¥45.0t | JP¥2.5t | 11.3x | 16x | 0.9x |
| Mon, 25 Sep 2023 | JP¥43.6t | JP¥45.0t | JP¥2.5t | 12.1x | 17.4x | 1x |
Price to Earnings Ratio
17.4x
Current Industry PE
- Investors are pessimistic on the Japanese Machinery industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 17.8x which is lower than its 3-year average PE of 19.9x.
- The 3-year average PS ratio of 1.2x 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 16% per year over the last three years, while revenues have remained mostly flat.
- This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.
Industry Trends
Which industries have driven the changes within the Japanese Industrials industry?
| JP Market | 0.07% | |
| Industrials | 0.12% | |
| Machinery | -1.18% | |
| Agricultural Machinery | -0.15% | |
| Industrial Machinery | -0.77% | |
| Construction Machinery and Vehicles | -3.61% | |
Industry PE
- Investors are most optimistic about the Industrial Machinery industry, which is trading close to its 3-year average PE ratio of 23.0x.
- Analysts are expecting annual earnings growth of 10.5%, which is lower than the prior year's growth of 21.1% per year.
- Investors are most pessimistic about the Construction Machinery and Vehicles industry, which is trading below its 3-year average of 15.0x.
Forecasted Growth
- Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 10% over the next 5 years.
- However this is lower than its past earnings growth rate of 21% per year.
- In contrast, the Agricultural Machinery industry is expected to see its earnings grow by 2.1% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 7011 Mitsubishi Heavy Industries | JP¥3.89k | 4.4% +JP¥551.1b | 5.7% | PE31.9x | |
| 7013 IHI | JP¥2.84k | 6.7% +JP¥189.8b | 28.8% | PE14.9x | |
| 7012 Kawasaki Heavy Industries | JP¥2.42k | 3.1% +JP¥60.2b | 34.1% | PE16.9x | |
| 5631 Japan Steel Works | JP¥7.45k | 9.0% +JP¥45.4b | -11.7% | PE26.4x | |
| 6586 Makita | JP¥5.35k | 3.3% +JP¥44.1b | 6.4% | PE16.6x |