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Japanese (NIKKEI) Machinery Industry Analysis

UpdatedSep 13, 2025
DataAggregated Company Financials
Companies256
  • 7D2.1%
  • 3M11.0%
  • 1Y38.1%
  • YTD22.8%

The Machinery industry is up 3.4% in the last week, with Mitsubishi Heavy Industries up 5.8%. During this same period, the Daifuku underperformed, falling 5.6%. In the last 12 months, the industry was up 38%. 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
Sat, 13 Sep 2025JP¥61.0tJP¥49.0tJP¥2.7t13.5x22.3x1.2x
Mon, 11 Aug 2025JP¥60.9tJP¥49.0tJP¥2.7t12.8x22.3x1.2x
Wed, 09 Jul 2025JP¥55.4tJP¥49.0tJP¥2.8t12x19.4x1.1x
Fri, 06 Jun 2025JP¥54.5tJP¥49.0tJP¥2.8t11.6x19.1x1.1x
Sun, 04 May 2025JP¥50.7tJP¥48.6tJP¥2.9t11.2x17.4x1x
Tue, 01 Apr 2025JP¥50.1tJP¥48.4tJP¥2.8t11.5x17.6x1x
Thu, 27 Feb 2025JP¥49.8tJP¥48.4tJP¥2.8t11.7x17.5x1x
Sat, 25 Jan 2025JP¥51.5tJP¥47.9tJP¥2.8t12.2x18.4x1.1x
Mon, 23 Dec 2024JP¥49.0tJP¥48.0tJP¥2.8t12.3x17.6x1x
Wed, 20 Nov 2024JP¥49.7tJP¥47.9tJP¥2.8t12x17.8x1x
Fri, 18 Oct 2024JP¥48.8tJP¥47.2tJP¥2.9t11.8x16.8x1x
Sun, 15 Sep 2024JP¥44.7tJP¥47.2tJP¥2.9t11.8x15.3x0.9x
Tue, 13 Aug 2024JP¥44.3tJP¥47.1tJP¥2.9t11.2x15.3x0.9x
Thu, 11 Jul 2024JP¥53.0tJP¥46.3tJP¥2.8t13.4x19.2x1.1x
Sat, 08 Jun 2024JP¥49.7tJP¥46.3tJP¥2.8t12.8x18x1.1x
Mon, 06 May 2024JP¥51.8tJP¥45.9tJP¥2.7t12.8x19.2x1.1x
Wed, 03 Apr 2024JP¥50.7tJP¥45.7tJP¥2.6t12.5x19.6x1.1x
Fri, 01 Mar 2024JP¥49.5tJP¥45.7tJP¥2.6t12.2x19.1x1.1x
Sun, 28 Jan 2024JP¥45.2tJP¥45.3tJP¥2.4t12.6x19.2x1x
Tue, 26 Dec 2023JP¥42.4tJP¥45.3tJP¥2.4t12x17.9x0.9x
Thu, 23 Nov 2023JP¥43.0tJP¥45.3tJP¥2.4t11.9x18.2x0.9x
Sat, 21 Oct 2023JP¥40.6tJP¥45.0tJP¥2.5t11.3x16.2x0.9x
Mon, 18 Sep 2023JP¥44.6tJP¥45.0tJP¥2.5t12.3x17.8x1x
Wed, 16 Aug 2023JP¥42.2tJP¥45.0tJP¥2.5t11.9x16.9x0.9x
Fri, 14 Jul 2023JP¥42.1tJP¥44.0tJP¥2.4t11.9x17.4x1x
Sun, 11 Jun 2023JP¥42.4tJP¥44.0tJP¥2.4t11.6x17.5x1x
Tue, 09 May 2023JP¥39.2tJP¥43.1tJP¥2.4t11.6x16.6x0.9x
Thu, 06 Apr 2023JP¥38.8tJP¥42.6tJP¥2.3t11.1x16.6x0.9x
Sat, 04 Mar 2023JP¥39.6tJP¥42.6tJP¥2.3t11.3x16.9x0.9x
Mon, 30 Jan 2023JP¥37.3tJP¥41.3tJP¥2.4t10.5x15.5x0.9x
Wed, 28 Dec 2022JP¥34.7tJP¥41.1tJP¥2.4t10.1x14.4x0.8x
Fri, 25 Nov 2022JP¥37.4tJP¥41.1tJP¥2.4t10.5x15.5x0.9x
Sun, 23 Oct 2022JP¥34.2tJP¥39.5tJP¥2.2t10.4x15.2x0.9x
Tue, 20 Sep 2022JP¥36.1tJP¥39.4tJP¥2.2t10.4x16.1x0.9x
Price to Earnings Ratio

16.1x


Total Market Cap: JP¥36.1tTotal Earnings: JP¥2.2tTotal Revenue: JP¥39.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Machinery Industry Price to Earnings3Y Average 17.6x202320242025
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 22.3x which is higher than its 3-year average PE of 17.6x.
  • The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 6.8% per year over the last three years.
  • Revenues for these companies have grown 7.5% 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 Market1.75%
Industrials1.22%
Machinery2.11%
Industrial Machinery2.63%
Agricultural Machinery0.72%
Construction Machinery and Vehicles0.56%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 19.8x.
    • Analysts are expecting annual earnings growth of 11.7%, which is higher than its past year's earnings growth of 8.7% per year.
  • Investors are most pessimistic about the Agricultural Machinery industry, which is trading close to its 3-year average of 11.6x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 12% over the next 5 years.
  • This is better than its past earnings growth rate of 8.7% per year.
  • In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 8.0% 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¥3.82k5.8%
+JP¥708.6b		115.2%PE51x
7013 IHIJP¥16.13k6.8%
+JP¥155.1b		136.1%PE23.1x
6954 FanucJP¥4.24k3.2%
+JP¥124.1b		10.0%PE25.3x
6301 KomatsuJP¥5.23k1.8%
+JP¥85.5b		40.7%PE11.3x
7012 Kawasaki Heavy IndustriesJP¥9.22k3.4%
+JP¥51.1b		87.4%PE20x

Latest News

7012
JP¥9,217.00
Kawasaki Heavy Industries
7D
3.4%
1Y
87.4%

Kawasaki Heavy Industries' (TSE:7012) Dividend Will Be ¥75.00

Sep 12
Kawasaki Heavy Industries' (TSE:7012) Dividend Will Be ¥75.00
6201
JP¥16,465.00
Toyota Industries
7D
-0.7%
1Y
54.7%
6465
JP¥5,677.00
Hoshizaki
7D
-2.0%
1Y
22.3%
6383
JP¥4,517.00
Daifuku
7D
-5.6%
1Y
70.5%

Daifuku (TSE:6383) Will Pay A Dividend Of ¥34.00

Sep 11
Daifuku (TSE:6383) Will Pay A Dividend Of ¥34.00
6371
JP¥2,178.00
Tsubakimoto Chain
7D
-1.6%
1Y
17.5%

Tsubakimoto Chain's (TSE:6371) Dividend Will Be Reduced To ¥40.00

Sep 11
Tsubakimoto Chain's (TSE:6371) Dividend Will Be Reduced To ¥40.00
6301
JP¥5,227.00
Komatsu
7D
1.8%
1Y
40.7%

Reko Diq Contract And Low-Emission Trucks Will Boost Demand

Komatsu’s consensus price target was marginally raised as its forward P/E multiple edged up despite slightly softer revenue growth forecasts, resulting in a new fair value estimate of ¥5,075. What's in the News Board approved continuation of the performance-linked stock-based remuneration system for directors and senior management.
7013
JP¥16,125.00
IHI
7D
6.8%
1Y
136.1%

Unsustainable Civil Aero Engine Sales And Rising SG&A Expenses Will Reduce Future Earnings

Following marginal improvements in IHI's net profit margin and revenue growth forecasts, analysts maintained effectively steady expectations, resulting in a slight upward revision of the consensus price target from ¥17,100 to ¥17,300. What's in the News Board approved a 7-for-1 stock split and related amendment to the Articles of Incorporation.
6506
JP¥3,029.00
YASKAWA Electric
7D
3.4%
1Y
-31.9%

What Does YASKAWA Electric Corporation's (TSE:6506) Share Price Indicate?

Sep 08
What Does YASKAWA Electric Corporation's (TSE:6506) Share Price Indicate?
6278
JP¥8,410.00
Union Tool
7D
-5.0%
1Y
40.9%

Union Tool (TSE:6278) Is Paying Out A Larger Dividend Than Last Year

Sep 06
Union Tool (TSE:6278) Is Paying Out A Larger Dividend Than Last Year
7011
JP¥3,818.00
Mitsubishi Heavy Industries
7D
5.8%
1Y
115.2%
6368
JP¥12,250.00
Organo
7D
5.3%
1Y
88.2%

Are Investors Undervaluing Organo Corporation (TSE:6368) By 40%?

Sep 04
Are Investors Undervaluing Organo Corporation (TSE:6368) By 40%?
6954
JP¥4,243.00
Fanuc
7D
3.2%
1Y
10.0%

Fanuc (TSE:6954) Is Due To Pay A Dividend Of ¥47.58

Sep 02
Fanuc (TSE:6954) Is Due To Pay A Dividend Of ¥47.58
6305
JP¥4,900.00
Hitachi Construction Machinery
7D
2.0%
1Y
45.3%

We Think Hitachi Construction Machinery (TSE:6305) Is Taking Some Risk With Its Debt

Sep 01
We Think Hitachi Construction Machinery (TSE:6305) Is Taking Some Risk With Its Debt
6023
JP¥3,035.00
Daihatsu Infinearth Mfg.Co.Ltd
7D
-4.1%
1Y
122.2%
7014
JP¥3,225.00
Namura Shipbuilding
7D
-3.7%
1Y
127.9%

Namura Shipbuilding (TSE:7014) Shareholders Will Want The ROCE Trajectory To Continue

Aug 30
Namura Shipbuilding (TSE:7014) Shareholders Will Want The ROCE Trajectory To Continue
7205
JP¥385.50
Hino Motors
7D
-1.2%
1Y
-5.4%