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Japanese (NIKKEI) Machinery Industry Analysis

UpdatedMar 20, 2026
DataAggregated Company Financials
Companies250
  • 7D-2.6%
  • 3M18.7%
  • 1Y44.4%
  • YTD13.3%

In the last week, the Machinery industry is flat overall, with Komatsu standing out by going down 12%. The past year has been better, since the industry has gained 50% in that time. 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
Fri, 20 Mar 2026JP¥78.0tJP¥49.8tJP¥3.2t14.6x24.3x1.6x
Sun, 15 Feb 2026JP¥84.6tJP¥49.8tJP¥3.2t14.3x26.2x1.7x
Tue, 13 Jan 2026JP¥71.4tJP¥48.9tJP¥3.1t13.3x23.3x1.5x
Thu, 11 Dec 2025JP¥69.4tJP¥49.0tJP¥3.1t12.6x22.6x1.4x
Sat, 08 Nov 2025JP¥67.2tJP¥49.1tJP¥3.0t13.4x22.5x1.4x
Mon, 06 Oct 2025JP¥60.9tJP¥49.0tJP¥2.7t13.3x22.3x1.2x
Wed, 03 Sep 2025JP¥59.4tJP¥49.0tJP¥2.7t13.4x21.8x1.2x
Fri, 01 Aug 2025JP¥59.0tJP¥48.9tJP¥2.8t13x20.8x1.2x
Sun, 29 Jun 2025JP¥57.0tJP¥49.0tJP¥2.8t11.8x20x1.2x
Tue, 27 May 2025JP¥54.2tJP¥49.0tJP¥2.8t11.4x19x1.1x
Thu, 24 Apr 2025JP¥47.4tJP¥48.4tJP¥2.8t11x16.7x1x
Sat, 22 Mar 2025JP¥54.3tJP¥48.4tJP¥2.8t12x19.1x1.1x
Mon, 17 Feb 2025JP¥49.7tJP¥48.4tJP¥2.8t11.7x17.5x1x
Wed, 15 Jan 2025JP¥48.5tJP¥47.7tJP¥2.8t12x17.5x1x
Fri, 13 Dec 2024JP¥50.1tJP¥48.0tJP¥2.8t12.3x18x1x
Sun, 10 Nov 2024JP¥50.1tJP¥47.9tJP¥2.8t12.4x17.9x1x
Tue, 08 Oct 2024JP¥50.3tJP¥47.2tJP¥2.9t12.2x17.3x1.1x
Thu, 05 Sep 2024JP¥45.8tJP¥47.2tJP¥2.9t11.8x15.7x1x
Sat, 03 Aug 2024JP¥45.2tJP¥46.7tJP¥2.8t11.7x16x1x
Mon, 01 Jul 2024JP¥51.8tJP¥46.3tJP¥2.8t13.6x18.7x1.1x
Wed, 29 May 2024JP¥51.4tJP¥46.3tJP¥2.8t12.7x18.6x1.1x
Fri, 26 Apr 2024JP¥49.6tJP¥45.7tJP¥2.6t12.4x19.2x1.1x
Sun, 24 Mar 2024JP¥51.9tJP¥45.7tJP¥2.6t13.1x20.1x1.1x
Tue, 20 Feb 2024JP¥47.4tJP¥45.7tJP¥2.6t12x18.3x1x
Thu, 18 Jan 2024JP¥45.0tJP¥45.3tJP¥2.4t12.6x19x1x
Sat, 16 Dec 2023JP¥41.9tJP¥45.3tJP¥2.4t11.8x17.7x0.9x
Mon, 13 Nov 2023JP¥41.9tJP¥45.3tJP¥2.4t11.6x17.5x0.9x
Wed, 11 Oct 2023JP¥41.9tJP¥45.0tJP¥2.5t11.8x16.7x0.9x
Fri, 08 Sep 2023JP¥44.2tJP¥45.0tJP¥2.5t12.4x17.6x1x
Sun, 06 Aug 2023JP¥41.9tJP¥44.5tJP¥2.4t11.9x17.2x0.9x
Tue, 04 Jul 2023JP¥44.7tJP¥44.0tJP¥2.4t12.3x18.5x1x
Thu, 01 Jun 2023JP¥40.4tJP¥44.0tJP¥2.4t11.1x16.6x0.9x
Sat, 29 Apr 2023JP¥38.9tJP¥42.7tJP¥2.4t11.3x16.5x0.9x
Mon, 27 Mar 2023JP¥37.3tJP¥42.6tJP¥2.3t11.1x15.9x0.9x
Price to Earnings Ratio

15.9x


Total Market Cap: JP¥37.3tTotal Earnings: JP¥2.3tTotal Revenue: JP¥42.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Machinery Industry Price to Earnings3Y Average 19x202420252026
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 25.1x which is higher than its 3-year average PE of 19.0x.
  • 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 5.4% 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-1.19%
Industrials-0.43%
Machinery-2.63%
Industrial Machinery-1.87%
Agricultural Machinery-4.44%
Construction Machinery and Vehicles-5.05%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 21.7x.
    • Analysts are expecting annual earnings growth of 13.0%, which is higher than its past year's earnings growth of 7.5% 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 7.5% per year.
  • In contrast, the Agricultural Machinery industry is expected to see its earnings grow by 7.8% 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¥4.85k1.4%
+JP¥225.1b		67.7%PE52.4x
7003 MITSUI E&SJP¥6.72k7.3%
+JP¥46.1b		246.5%PE23.3x
7014 Namura ShipbuildingJP¥4.99k5.1%
+JP¥16.7b		100.9%PE18.2x
6005 MiuraJP¥3.18k3.9%
+JP¥13.7b		3.9%PE12.5x
6016 Japan EngineJP¥13.65k12.4%
+JP¥12.7b		263.0%n/a

Latest News

6479
JP¥2,675.50
MINEBEA MITSUMI
7D
-5.8%
1Y
15.8%

6479: Stable Guidance And Fair Pricing Will Likely Limit Future Upside Potential

Analysts have maintained their price target for MINEBEA MITSUMI at approximately ¥2,591. This suggests only minor adjustments in assumptions for discount rate, revenue growth, profit margin and future P/E, rather than a change in their overall view.
6326
JP¥2,580.50
Kubota
7D
-4.6%
1Y
31.4%
7011
JP¥4,848.00
Mitsubishi Heavy Industries
7D
1.4%
1Y
67.7%

7011: Conviction List Status Will Magnify Risks Around Lofty Future P/E

Analysts have nudged their price target for Mitsubishi Heavy Industries to about ¥4,025 from roughly ¥4,000, citing updated assumptions on growth, profitability and valuation that were strong enough for the stock to be added to a major APAC Conviction List. Analyst Commentary Goldman Sachs has placed Mitsubishi Heavy Industries on its APAC Conviction List, which signals strong interest from part of the analyst community.
3441
JP¥2,435.00
SANNO
7D
81.0%
1Y
181.2%
6954
JP¥5,936.00
Fanuc
7D
-4.6%
1Y
34.5%
6301
JP¥6,344.00
Komatsu
7D
-12.0%
1Y
37.5%

6301: Elevated P/E And Unproven Ammonia Engine Project Will Pressure Returns

Analysts have nudged their fair value estimate for Komatsu higher from about ¥5,973 to roughly ¥6,107, pointing to slightly adjusted assumptions around the discount rate, revenue growth, profit margin, and future P/E as the key drivers. What's in the News Komatsu has scheduled a board meeting for Feb 16, 2026, to consider changes in representative director positions, which could affect top leadership and decision making (company event).
6273
JP¥64,870.00
SMC
7D
-5.1%
1Y
14.8%
6305
JP¥5,432.00
Hitachi Construction Machinery
7D
-9.1%
1Y
25.9%
6361
JP¥4,752.00
Ebara
7D
-6.6%
1Y
102.8%
6506
JP¥4,437.00
YASKAWA Electric
7D
-5.1%
1Y
7.3%
7014
JP¥4,990.00
Namura Shipbuilding
7D
5.1%
1Y
100.9%
7003
JP¥6,719.00
MITSUI E&S
7D
7.3%
1Y
246.5%
6201
JP¥20,570.00
Toyota Industries
7D
0.1%
1Y
46.0%
6508
JP¥7,610.00
Meidensha
7D
2.8%
1Y
73.3%
6005
JP¥3,179.00
Miura
7D
3.9%
1Y
3.9%
6016
JP¥13,650.00
Japan Engine
7D
12.4%
1Y
263.0%