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Japanese (NIKKEI) Machinery Industry Analysis

UpdatedMay 05, 2026
DataAggregated Company Financials
Companies246
  • 7D-1.7%
  • 3M1.5%
  • 1Y59.6%
  • YTD16.5%

Over the last 7 days, the Machinery industry has dropped 1.7%, driven by a pullback from Mitsubishi Heavy Industries of 4.4%. Meanwhile, NGK actually outperformed within the industry, gaining 9.7% in the last week. Over the past 12 months, the industry was up 60%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 05 May 2026JP¥80.6tJP¥49.2tJP¥3.2t14.7x24.9x1.6x
Thu, 02 Apr 2026JP¥76.1tJP¥51.0tJP¥3.3t14.3x23.2x1.5x
Sat, 28 Feb 2026JP¥87.6tJP¥49.9tJP¥3.2t15.6x27.2x1.8x
Mon, 26 Jan 2026JP¥75.7tJP¥48.9tJP¥3.1t13.5x24.8x1.5x
Wed, 24 Dec 2025JP¥66.9tJP¥49.0tJP¥3.1t12.7x21.7x1.4x
Fri, 21 Nov 2025JP¥65.1tJP¥49.0tJP¥3.1t12.3x21.1x1.3x
Sun, 19 Oct 2025JP¥64.7tJP¥49.0tJP¥2.7t13.4x23.6x1.3x
Tue, 16 Sep 2025JP¥61.0tJP¥49.0tJP¥2.7t13.5x22.3x1.2x
Thu, 14 Aug 2025JP¥62.3tJP¥49.0tJP¥2.7t13.1x22.8x1.3x
Sat, 12 Jul 2025JP¥55.0tJP¥49.0tJP¥2.8t12.2x19.3x1.1x
Mon, 09 Jun 2025JP¥55.0tJP¥49.0tJP¥2.8t11.6x19.3x1.1x
Wed, 07 May 2025JP¥50.7tJP¥48.6tJP¥2.9t11.2x17.4x1x
Fri, 04 Apr 2025JP¥48.3tJP¥48.4tJP¥2.8t11.1x17x1x
Sun, 02 Mar 2025JP¥49.0tJP¥48.4tJP¥2.8t11.7x17.2x1x
Tue, 28 Jan 2025JP¥51.4tJP¥47.9tJP¥2.8t12.2x18.4x1.1x
Thu, 26 Dec 2024JP¥49.7tJP¥48.0tJP¥2.8t12.3x17.9x1x
Sat, 23 Nov 2024JP¥49.5tJP¥47.9tJP¥2.8t12.2x17.7x1x
Mon, 21 Oct 2024JP¥49.0tJP¥47.2tJP¥2.9t11.9x16.9x1x
Wed, 18 Sep 2024JP¥44.5tJP¥44.9tJP¥2.9t12x15.2x1x
Fri, 16 Aug 2024JP¥46.9tJP¥47.2tJP¥2.9t11.6x16.1x1x
Sun, 14 Jul 2024JP¥53.1tJP¥46.3tJP¥2.8t13.4x19.2x1.1x
Tue, 11 Jun 2024JP¥50.4tJP¥46.3tJP¥2.8t13x18.2x1.1x
Thu, 09 May 2024JP¥51.6tJP¥45.9tJP¥2.7t12.7x19.2x1.1x
Sat, 06 Apr 2024JP¥50.3tJP¥45.7tJP¥2.6t12.4x19.4x1.1x
Mon, 04 Mar 2024JP¥50.2tJP¥45.7tJP¥2.6t12.3x19.4x1.1x
Wed, 31 Jan 2024JP¥45.5tJP¥45.3tJP¥2.4t12.7x19.3x1x
Fri, 29 Dec 2023JP¥42.9tJP¥45.3tJP¥2.4t12.1x18.1x0.9x
Sun, 26 Nov 2023JP¥43.5tJP¥45.3tJP¥2.4t11.9x18.4x1x
Tue, 24 Oct 2023JP¥40.1tJP¥45.0tJP¥2.5t11.3x16x0.9x
Thu, 21 Sep 2023JP¥44.6tJP¥45.0tJP¥2.5t12.1x17.8x1x
Sat, 19 Aug 2023JP¥41.1tJP¥45.0tJP¥2.5t11.6x16.4x0.9x
Mon, 17 Jul 2023JP¥42.0tJP¥44.0tJP¥2.4t11.9x17.3x1x
Wed, 14 Jun 2023JP¥43.4tJP¥44.0tJP¥2.4t11.7x17.9x1x
Fri, 12 May 2023JP¥39.3tJP¥43.2tJP¥2.3t11.6x16.7x0.9x
Price to Earnings Ratio

16.7x


Total Market Cap: JP¥39.3tTotal Earnings: JP¥2.3tTotal Revenue: JP¥43.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Machinery Industry Price to Earnings3Y Average 19.3x202420252026
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 24.9x which is higher than its 3-year average PE of 19.3x.
  • The 3-year average PS ratio of 1.1x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 11% per year over the last three years.
  • Revenues for these companies have grown 4.4% 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-0.81%
Industrials-0.36%
Machinery-1.71%
Agricultural Machinery-0.34%
Industrial Machinery-1.52%
Construction Machinery and Vehicles-2.68%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 22.1x.
    • Analysts are expecting annual earnings growth of 12.9%, which is higher than its past year's earnings growth of 9.7% per year.
  • 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 11.7x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is better than its past earnings growth rate of 9.7% per year.
  • In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 8.6% 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
5333 NGKJP¥5.12k9.7%
+JP¥124.7b		184.7%PE24x
6586 MakitaJP¥5.74k5.3%
+JP¥74.5b		34.4%PE18.6x
6324 Harmonic Drive SystemsJP¥5.15k8.5%
+JP¥38.3b		51.9%PE106.1x
6506 YASKAWA ElectricJP¥5.52k2.6%
+JP¥36.3b		79.4%PE40.6x
6383 DaifukuJP¥6.78k1.3%
+JP¥33.1b		79.8%PE31.9x

Latest News

5333
JP¥5,121.00
NGK
7D
9.7%
1Y
184.7%

NGK Corporation (TSE:5333) Just Reported Annual Earnings: Have Analysts Changed Their Mind On The Stock?

May 03
NGK Corporation (TSE:5333) Just Reported Annual Earnings: Have Analysts Changed Their Mind On The Stock?
6135
JP¥12,660.00
Makino Milling Machine
7D
7.3%
1Y
13.0%
7013
JP¥2,880.00
IHI
7D
-2.7%
1Y
79.6%

7013: Ammonia Fuel And Nuclear Component Opportunities Will Support Stronger Outlook

Analysts now set their price target for IHI at ¥4,498, up from ¥4,345, reflecting updated assumptions for revenue growth, profit margins, the discount rate, and future P/E. What's in the News IHI signed a collaboration agreement with Babcock Power Services Inc.
6586
JP¥5,741.00
Makita
7D
5.3%
1Y
34.4%

Makita Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

May 01
Makita Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
6301
JP¥6,514.00
Komatsu
7D
-5.0%
1Y
53.1%

Earnings Update: Komatsu Ltd. (TSE:6301) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts

Apr 30
Earnings Update: Komatsu Ltd. (TSE:6301) Just Reported Its Yearly Results And Analysts Are Updating Their Forecasts
6479
JP¥3,108.00
MINEBEA MITSUMI
7D
1.6%
1Y
45.0%

6479: Steady Guidance And Refined Assumptions Will Support A Future Rebound

Analysts have kept the price target for MINEBEA MITSUMI steady at ¥4,450, with small adjustments to assumptions around discount rate, revenue growth, profit margin and future P/E guiding this unchanged view. What's in the News MINEBEA MITSUMI updated its consolidated earnings guidance for the year ending March 31, 2026, providing fresh visibility on expected sales and profits (Key Developments).
7011
JP¥4,586.00
Mitsubishi Heavy Industries
7D
-4.4%
1Y
64.3%

7011: Higher Earnings Guidance Will Still Leave Shares Vulnerable To De-Rate

Analysts have made a marginal upward adjustment to their fair value estimate for Mitsubishi Heavy Industries to around ¥3,550. This reflects slightly higher assumptions for revenue growth and profit margins, along with a small tweak to the discount rate and future P/E.
7012
JP¥3,151.00
Kawasaki Heavy Industries
7D
-2.8%
1Y
86.8%

7012: Stock Split And Index Inclusion Will Likely Sustain Overvaluation

Analysts now estimate fair value for Kawasaki Heavy Industries at about ¥2,717, down from ¥11,000. They attribute the change mainly to updated views on the discount rate, revenue growth, profit margins and future P/E assumptions, rather than to any single short-term catalyst.
6954
JP¥6,820.00
Fanuc
7D
-2.0%
1Y
83.3%

Analysts Have Made A Financial Statement On Fanuc Corporation's (TSE:6954) Yearly Report

Apr 27
Analysts Have Made A Financial Statement On Fanuc Corporation's (TSE:6954) Yearly Report
543A
JP¥303.00
ARCHION
7D
-7.1%
1Y
-33.9%
6361
JP¥5,242.00
Ebara
7D
-3.3%
1Y
135.2%

Do Ebara's (TSE:6361) Earnings Warrant Your Attention?

Apr 16
Do Ebara's (TSE:6361) Earnings Warrant Your Attention?
6506
JP¥5,521.00
YASKAWA Electric
7D
2.6%
1Y
79.4%

YASKAWA Electric Corporation (TSE:6506) Analysts Are Pretty Bullish On The Stock After Recent Results

Apr 14
YASKAWA Electric Corporation (TSE:6506) Analysts Are Pretty Bullish On The Stock After Recent Results
6273
JP¥75,230.00
SMC
7D
-2.3%
1Y
60.1%
6383
JP¥6,777.00
Daifuku
7D
1.3%
1Y
79.8%
6324
JP¥5,150.00
Harmonic Drive Systems
7D
8.5%
1Y
51.9%
6472
JP¥399.40
NTN
7D
13.7%
1Y
78.7%