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Japanese (NIKKEI) Machinery Industry Analysis

UpdatedJun 19, 2026
DataAggregated Company Financials
Companies247
  • 7D12.4%
  • 3M8.5%
  • 1Y57.0%
  • YTD22.7%

The Machinery industry is up 12% in the last week, with Mitsubishi Heavy Industries up 10%. During this same period, the SEIWA HOLDINGS underperformed, falling 6.7%. This means that the industry has gained 57% over the past year. Looking forward, earnings are forecast to grow by 11% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 19 Jun 2026JP¥78.3tJP¥45.1tJP¥3.2t14.8x24.1x1.7x
Sun, 17 May 2026JP¥82.6tJP¥49.4tJP¥3.4t14.6x24.1x1.7x
Tue, 14 Apr 2026JP¥79.8tJP¥49.5tJP¥3.2t14.6x24.9x1.6x
Thu, 12 Mar 2026JP¥80.4tJP¥49.9tJP¥3.2t15x25x1.6x
Sat, 07 Feb 2026JP¥80.0tJP¥49.6tJP¥3.2t14.2x25.4x1.6x
Mon, 05 Jan 2026JP¥66.6tJP¥49.0tJP¥3.1t12.7x21.7x1.4x
Wed, 03 Dec 2025JP¥65.8tJP¥49.0tJP¥3.1t12.5x21.4x1.3x
Fri, 31 Oct 2025JP¥68.1tJP¥49.0tJP¥2.8t13.5x24.7x1.4x
Sun, 28 Sep 2025JP¥61.9tJP¥49.0tJP¥2.7t13.7x22.7x1.3x
Tue, 26 Aug 2025JP¥60.8tJP¥49.0tJP¥2.7t13.3x22.3x1.2x
Thu, 24 Jul 2025JP¥58.4tJP¥49.0tJP¥2.8t12.6x20.5x1.2x
Sat, 21 Jun 2025JP¥54.7tJP¥49.0tJP¥2.9t11.6x19.2x1.1x
Mon, 19 May 2025JP¥52.2tJP¥48.8tJP¥2.9t11.6x18.3x1.1x
Wed, 16 Apr 2025JP¥46.7tJP¥48.4tJP¥2.8t10.7x16.5x1x
Fri, 14 Mar 2025JP¥51.3tJP¥48.4tJP¥2.8t11.7x18x1.1x
Sun, 09 Feb 2025JP¥49.9tJP¥48.2tJP¥2.8t11.6x17.6x1x
Tue, 07 Jan 2025JP¥50.1tJP¥47.9tJP¥2.8t12.3x18x1x
Thu, 05 Dec 2024JP¥49.3tJP¥48.0tJP¥2.8t12.2x17.7x1x
Sat, 02 Nov 2024JP¥47.6tJP¥47.4tJP¥2.7t11.8x17.8x1x
Mon, 30 Sep 2024JP¥50.4tJP¥47.2tJP¥2.9t12.4x17.3x1.1x
Wed, 28 Aug 2024JP¥47.7tJP¥47.2tJP¥2.9t12x16.4x1x
Fri, 26 Jul 2024JP¥48.8tJP¥46.3tJP¥2.8t12.7x17.6x1.1x
Sun, 23 Jun 2024JP¥50.3tJP¥46.3tJP¥2.8t13.4x18.1x1.1x
Tue, 21 May 2024JP¥52.2tJP¥46.3tJP¥2.8t12.8x18.9x1.1x
Thu, 18 Apr 2024JP¥50.3tJP¥45.7tJP¥2.6t12.5x19.4x1.1x
Sat, 16 Mar 2024JP¥49.2tJP¥45.7tJP¥2.6t12.4x19x1.1x
Mon, 12 Feb 2024JP¥45.7tJP¥45.7tJP¥2.5t12.1x18.3x1x
Wed, 10 Jan 2024JP¥43.5tJP¥45.3tJP¥2.4t12.5x18.4x1x
Fri, 08 Dec 2023JP¥42.0tJP¥45.3tJP¥2.4t12x17.7x0.9x
Sun, 05 Nov 2023JP¥41.0tJP¥45.3tJP¥2.5t11.4x16.1x0.9x
Tue, 03 Oct 2023JP¥42.4tJP¥45.0tJP¥2.5t11.8x16.9x0.9x
Thu, 31 Aug 2023JP¥43.0tJP¥45.0tJP¥2.5t12x17.2x1x
Sat, 29 Jul 2023JP¥43.0tJP¥44.1tJP¥2.4t12x17.8x1x
Mon, 26 Jun 2023JP¥43.3tJP¥44.0tJP¥2.4t11.9x17.9x1x
Price to Earnings Ratio

17.9x


Total Market Cap: JP¥43.3tTotal Earnings: JP¥2.4tTotal Revenue: JP¥44.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Machinery Industry Price to Earnings3Y Average 19.6x202420252026
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 24.1x which is higher than its 3-year average PE of 19.6x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 10% 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 Market6.38%
Industrials5.08%
Machinery12.36%
Industrial Machinery13.97%
Agricultural Machinery5.52%
Construction Machinery and Vehicles5.10%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 22.5x.
    • Analysts are expecting annual earnings growth of 11.3%, which is lower than the prior year's growth of 14.0% per year.
  • Investors are most pessimistic about the Construction Machinery and Vehicles industry, which is trading close to its 3-year average of 15.3x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 11% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Agricultural Machinery industry is expected to see its earnings grow by 6.7% 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¥3.92k10.6%
+JP¥1.3t		13.5%PE38.2x
6954 FanucJP¥7.47k7.5%
+JP¥488.0b		101.3%PE41.9x
6361 EbaraJP¥6.56k19.1%
+JP¥481.3b		189.3%PE37.8x
6273 SMCJP¥72.84k11.2%
+JP¥462.8b		45.0%PE27.5x
7013 IHIJP¥2.82k15.9%
+JP¥410.3b		28.0%PE18.6x

Latest News

6954
JP¥7,473.00
Fanuc
7D
7.5%
1Y
101.3%
7011
JP¥3,917.00
Mitsubishi Heavy Industries
7D
10.6%
1Y
13.5%
Narrative Update • Jun 17

7011: Fair Outlook Will Balance Conviction List Removal And Dividend Decision

Analysts have trimmed their fair value estimate for Mitsubishi Heavy Industries stock from approximately ¥3,691.73 to ¥3,638.09, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E after the stock was removed from an APAC conviction list by one research house. What's in the News Mitsubishi Heavy Industries has scheduled a Board Meeting for May 12, 2026 to consider the Notice Concerning Dividends of Surplus.
7013
JP¥2,817.00
IHI
7D
15.9%
1Y
28.0%
5333
JP¥7,332.00
NGK
7D
19.9%
1Y
314.5%
6273
JP¥72,840.00
SMC
7D
11.2%
1Y
45.0%
5982
JP¥3,770.00
Maruzen
7D
-0.8%
1Y
12.4%
7012
JP¥3,191.00
Kawasaki Heavy Industries
7D
12.6%
1Y
54.5%
Narrative Update • Jun 16

7012: Aerospace And Defense Demand Will Support Upside Despite ES&M Volatility

Analysts have nudged their fair value estimate for Kawasaki Heavy Industries to ¥3,810 per share as updated assumptions for revenue growth, profit margins and future P/E are balanced against recent research pointing to mixed segment performance and a Neutral rating with an unchanged ¥3,900 price target. Analyst Commentary Bullish Takeaways Bullish analysts point to the unchanged ¥3,900 price target as a sign that long term earnings power and valuation assumptions are intact despite the rating change.
3444
JP¥922.00
Kikuchi Seisakusho
7D
-11.6%
1Y
188.1%
Analysis Article • Jun 15

With EPS Growth And More, Kikuchi Seisakusho (TSE:3444) Makes An Interesting Case

It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...
6361
JP¥6,560.00
Ebara
7D
19.1%
1Y
189.3%
6383
JP¥7,197.00
Daifuku
7D
9.6%
1Y
98.4%
6455
JP¥2,392.00
Morita Holdings
7D
-1.0%
1Y
14.7%
6301
JP¥6,492.00
Komatsu
7D
-0.5%
1Y
47.3%
Narrative Update • Jun 06

6301: Ongoing Buybacks And Dividend Reset Will Shape Future Shareholder Returns

Komatsu's analyst price target has shifted slightly from ¥6,422.50 to ¥6,372.50 as analysts adjust their models for modest changes in forecast revenue growth, profit margins and future P/E assumptions. What's in the News Komatsu has repurchased 6,541,800 shares between May 1 and May 31, 2026, bringing total buybacks under its current mandate to 7,611,800 shares at a cost of about ¥48.9b, as part of an authorization of up to 25,000,000 shares or ¥100b through September 30, 2026 (The Globe and Mail).
7022
JP¥235.00
Sanoyas Holdings
7D
-4.5%
1Y
-17.3%
6365
JP¥5,410.00
DMW
7D
-4.9%
1Y
15.6%
523A
JP¥1,729.00
SEIWA HOLDINGS
7D
-7.0%
1Y
n/a
6420
JP¥3,375.00
Galilei
7D
-0.7%
1Y
9.6%