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Japanese (NIKKEI) Industrial Machinery Industry Analysis

UpdatedFeb 23, 2026
DataAggregated Company Financials
Companies219
  • 7D1.5%
  • 3M34.1%
  • 1Y73.9%
  • YTDn/a

In the last week, the Industrial Machinery industry is up 1.5%, with IHI up 5.3%. In the last 12 months, the industry was up 74%. Earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Feb 2026JP¥64.2tJP¥32.4tJP¥2.1t15.1x30.5x2x
Thu, 22 Jan 2026JP¥58.8tJP¥31.7tJP¥2.0t13.4x29.3x1.9x
Sat, 20 Dec 2025JP¥50.0tJP¥31.8tJP¥2.0t12.5x24.7x1.6x
Mon, 17 Nov 2025JP¥50.7tJP¥31.8tJP¥2.0t12.9x25.1x1.6x
Wed, 15 Oct 2025JP¥47.6tJP¥31.9tJP¥1.9t12.8x25x1.5x
Fri, 12 Sep 2025JP¥45.6tJP¥31.9tJP¥1.9t13.3x24.1x1.4x
Sun, 10 Aug 2025JP¥46.3tJP¥31.8tJP¥1.9t13.1x24.5x1.5x
Tue, 08 Jul 2025JP¥41.2tJP¥31.6tJP¥1.9t12x21.5x1.3x
Thu, 05 Jun 2025JP¥41.4tJP¥31.6tJP¥1.9t11.7x21.6x1.3x
Sat, 03 May 2025JP¥37.1tJP¥31.2tJP¥1.9t11.3x19.2x1.2x
Mon, 31 Mar 2025JP¥39.1tJP¥31.2tJP¥1.9t12.1x20.4x1.3x
Wed, 26 Feb 2025JP¥36.9tJP¥31.2tJP¥1.9t11.9x19.2x1.2x
Fri, 24 Jan 2025JP¥38.1tJP¥30.8tJP¥1.8t12.4x20.7x1.2x
Sun, 22 Dec 2024JP¥36.8tJP¥30.8tJP¥1.8t12.4x20.2x1.2x
Tue, 19 Nov 2024JP¥37.2tJP¥30.8tJP¥1.8t12.2x20.3x1.2x
Thu, 17 Oct 2024JP¥37.0tJP¥30.2tJP¥1.7t12.1x22.4x1.2x
Sat, 14 Sep 2024JP¥33.3tJP¥30.2tJP¥1.7t12.3x20.1x1.1x
Mon, 12 Aug 2024JP¥32.9tJP¥30.1tJP¥1.7t11.5x19.8x1.1x
Wed, 10 Jul 2024JP¥39.4tJP¥29.7tJP¥1.6t13.8x24.4x1.3x
Fri, 07 Jun 2024JP¥35.9tJP¥29.7tJP¥1.6t13x22.3x1.2x
Sun, 05 May 2024JP¥37.0tJP¥29.3tJP¥1.6t13x23.8x1.3x
Tue, 02 Apr 2024JP¥36.5tJP¥29.2tJP¥1.5t13.1x23.6x1.2x
Thu, 29 Feb 2024JP¥35.3tJP¥29.2tJP¥1.5t12.4x22.8x1.2x
Sat, 27 Jan 2024JP¥32.4tJP¥29.1tJP¥1.4t12.9x22.4x1.1x
Mon, 25 Dec 2023JP¥30.4tJP¥29.1tJP¥1.5t12.4x20.9x1x
Wed, 22 Nov 2023JP¥30.6tJP¥29.1tJP¥1.5t12.3x21x1.1x
Fri, 20 Oct 2023JP¥28.9tJP¥29.1tJP¥1.7t11.4x17.2x1x
Sun, 17 Sep 2023JP¥30.9tJP¥29.1tJP¥1.7t12.3x18.4x1.1x
Tue, 15 Aug 2023JP¥29.9tJP¥29.1tJP¥1.7t11.8x17.8x1x
Thu, 13 Jul 2023JP¥30.3tJP¥28.6tJP¥1.7t12x18.2x1.1x
Sat, 10 Jun 2023JP¥31.4tJP¥28.6tJP¥1.7t11.7x18.8x1.1x
Mon, 08 May 2023JP¥29.2tJP¥28.0tJP¥1.7t11.6x17.5x1x
Wed, 05 Apr 2023JP¥28.9tJP¥27.9tJP¥1.7t11.4x17.2x1x
Fri, 03 Mar 2023JP¥28.8tJP¥27.9tJP¥1.7t11.4x17.2x1x
Price to Earnings Ratio

17.2x


Total Market Cap: JP¥28.8tTotal Earnings: JP¥1.7tTotal Revenue: JP¥27.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Industrial Machinery Industry Price to Earnings3Y Average 21.4x202420252026
Current Industry PE
  • Investors are optimistic on the Japanese Industrial Machinery industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 30.5x which is higher than its 3-year average PE of 21.4x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Industrial Machinery industry have grown 7.8% per year over the last three years.
  • Revenues for these companies have grown 5.1% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Japanese Industrial Machinery compare with similar industries?

JP Market-0.13%
Industrials-0.029%
Machinery0.85%
Industrial Machinery1.48%
Construction Machinery and Vehicles-0.68%
Agricultural Machinery-2.57%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
7013 IHIJP¥4.38k11.8%
+JP¥491.9b		244.4%PE38.4x
7011 Mitsubishi Heavy IndustriesJP¥4.97k3.0%
+JP¥487.2b		144.9%PE53.6x
7012 Kawasaki Heavy IndustriesJP¥17.92k5.8%
+JP¥163.0b		133.4%PE27.3x
6368 OrganoJP¥16.62k8.2%
+JP¥57.7b		136.8%PE27.1x
5631 Japan Steel WorksJP¥10.02k7.1%
+JP¥48.9b		89.8%PE35.9x

Latest News

6324
JP¥4,375.00
Harmonic Drive Systems
7D
12.8%
1Y
-14.4%
6005
JP¥2,940.50
Miura
7D
-1.4%
1Y
-9.5%
6506
JP¥5,198.00
YASKAWA Electric
7D
-2.1%
1Y
18.6%
7013
JP¥4,384.00
IHI
7D
11.8%
1Y
244.4%

7013: Future Officer Changes Will Heighten Concern Over Overvalued Shares

Analysts have revised their price target on IHI to ¥2,600 from ¥10,174, citing updated assumptions for fair value, discount rate, revenue growth, profit margin, and future P/E. What's in the News A board meeting is scheduled for February 10, 2026, to consider and approve changes in officers, with new appointments planned to take effect on April 1, 2026 (Key Developments).
6479
JP¥3,310.00
MINEBEA MITSUMI
7D
-2.9%
1Y
40.5%

6479: Higher Earnings Guidance And Richer P E Will Likely Prove Overoptimistic

Analysts have raised their fair value estimate for MINEBEA MITSUMI from ¥2,100 to approximately ¥2,645. This change reflects updated assumptions regarding the discount rate, revenue growth, profit margin, and future P/E levels.
7011
JP¥4,965.00
Mitsubishi Heavy Industries
7D
3.0%
1Y
144.9%

7011: Conviction List Inclusion Will Support Future Returns Under Revised Guidance

Analysts have lifted their fair value estimate for Mitsubishi Heavy Industries from ¥6,243 to ¥6,601, citing its recent addition to a major APAC conviction list and updated views on growth, margins and future P/E assumptions. Analyst Commentary Bullish Takeaways Being added to Goldman Sachs' APAC Conviction List is a clear signal that some bullish analysts now see Mitsubishi Heavy Industries as one of their higher conviction ideas in the region, reinforcing the raised fair value estimate of ¥6,601.
7012
JP¥17,915.00
Kawasaki Heavy Industries
7D
5.8%
1Y
133.4%

7012: Higher Dividend And EPS Guidance Will Likely Sustain Overvaluation

Analysts have maintained their price target for Kawasaki Heavy Industries at ¥11,000, citing only minor adjustments to assumptions, including a slightly lower discount rate, modest changes to revenue growth and profit margin expectations, and a marginally higher future P/E estimate. What's in the News The Board of Directors approved a stock split together with a related partial amendment to the Articles of Incorporation, adjusting the total number of authorized shares under Article 184 (2) of the Companies Act of Japan, effective April 1, 2026 (Board resolution, Feb 9, 2026).
6361
JP¥5,638.00
Ebara
7D
1.7%
1Y
125.7%
6376
JP¥2,350.00
Nikkiso
7D
-7.0%
1Y
95.5%
5333
JP¥4,321.00
NGK Insulators
7D
4.1%
1Y
131.0%
6368
JP¥16,620.00
Organo
7D
8.2%
1Y
136.8%

Organo's (TSE:6368) Dividend Will Be ¥95.00

Feb 10
Organo's (TSE:6368) Dividend Will Be ¥95.00
5715
JP¥5,750.00
FurukawaLtd
7D
-5.1%
1Y
165.8%
5631
JP¥10,020.00
Japan Steel Works
7D
7.1%
1Y
89.8%
9962
JP¥3,047.00
MISUMI Group
7D
-3.0%
1Y
5.7%

MISUMI Group's (TSE:9962) Dividend Will Be Increased To ¥26.04

Feb 07
MISUMI Group's (TSE:9962) Dividend Will Be Increased To ¥26.04
6586
JP¥5,961.00
Makita
7D
-0.9%
1Y
22.6%
6954
JP¥6,421.00
Fanuc
7D
-1.4%
1Y
41.5%

Fanuc Corporation Just Missed Earnings - But Analysts Have Updated Their Models

Jan 28
Fanuc Corporation Just Missed Earnings - But Analysts Have Updated Their Models