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Japanese (NIKKEI) Machinery Industry Analysis

UpdatedFeb 18, 2026
DataAggregated Company Financials
Companies251
  • 7D-1.2%
  • 3M31.9%
  • 1Y67.2%
  • YTD21.0%

Over the last 7 days, the Machinery industry has dropped 1.2%, driven by Mitsubishi Heavy Industries declining 3.7%. On the other hand Kubota is actually up 8.4%. Over the past 12 months, the industry was up 67%. 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
Wed, 18 Feb 2026JP¥83.7tJP¥49.9tJP¥3.2t14.8x26x1.7x
Fri, 16 Jan 2026JP¥76.4tJP¥48.9tJP¥3.1t13.8x25x1.6x
Sun, 14 Dec 2025JP¥69.2tJP¥49.0tJP¥3.1t12.7x22.5x1.4x
Tue, 11 Nov 2025JP¥67.4tJP¥49.2tJP¥3.0t13.2x22.3x1.4x
Thu, 09 Oct 2025JP¥65.2tJP¥49.0tJP¥2.7t13.4x23.9x1.3x
Sat, 06 Sep 2025JP¥59.7tJP¥49.0tJP¥2.7t13.3x21.9x1.2x
Mon, 04 Aug 2025JP¥59.4tJP¥48.8tJP¥2.8t12.9x21x1.2x
Wed, 02 Jul 2025JP¥56.9tJP¥49.0tJP¥2.8t11.9x20x1.2x
Fri, 30 May 2025JP¥55.4tJP¥49.0tJP¥2.8t11.5x19.4x1.1x
Sun, 27 Apr 2025JP¥48.9tJP¥48.5tJP¥2.9t11.1x17x1x
Tue, 25 Mar 2025JP¥53.6tJP¥48.4tJP¥2.8t11.9x18.8x1.1x
Thu, 20 Feb 2025JP¥50.5tJP¥48.4tJP¥2.8t11.9x17.8x1x
Sat, 18 Jan 2025JP¥49.0tJP¥47.9tJP¥2.8t12.1x17.5x1x
Mon, 16 Dec 2024JP¥49.3tJP¥48.0tJP¥2.8t12.2x17.7x1x
Wed, 13 Nov 2024JP¥49.9tJP¥47.9tJP¥2.8t12.3x17.8x1x
Fri, 11 Oct 2024JP¥49.5tJP¥47.2tJP¥2.9t12.1x17x1x
Sun, 08 Sep 2024JP¥44.7tJP¥47.2tJP¥2.9t11.5x15.3x0.9x
Tue, 06 Aug 2024JP¥39.2tJP¥46.7tJP¥2.8t10.3x13.9x0.8x
Thu, 04 Jul 2024JP¥53.7tJP¥46.3tJP¥2.8t13.5x19.4x1.2x
Sat, 01 Jun 2024JP¥50.8tJP¥46.3tJP¥2.8t12.8x18.4x1.1x
Mon, 29 Apr 2024JP¥50.3tJP¥45.8tJP¥2.7t12.6x18.7x1.1x
Wed, 27 Mar 2024JP¥51.6tJP¥45.7tJP¥2.6t13x19.9x1.1x
Fri, 23 Feb 2024JP¥48.3tJP¥45.7tJP¥2.6t12.1x18.6x1.1x
Sun, 21 Jan 2024JP¥44.9tJP¥45.3tJP¥2.4t12.6x19x1x
Tue, 19 Dec 2023JP¥41.6tJP¥45.3tJP¥2.4t11.8x17.6x0.9x
Thu, 16 Nov 2023JP¥42.7tJP¥45.3tJP¥2.4t11.6x18x0.9x
Sat, 14 Oct 2023JP¥42.6tJP¥45.0tJP¥2.5t11.9x17x0.9x
Mon, 11 Sep 2023JP¥43.5tJP¥45.0tJP¥2.5t12.1x17.4x1x
Wed, 09 Aug 2023JP¥42.5tJP¥44.5tJP¥2.4t11.8x17.4x1x
Fri, 07 Jul 2023JP¥43.2tJP¥44.0tJP¥2.4t12x17.8x1x
Sun, 04 Jun 2023JP¥41.0tJP¥44.0tJP¥2.4t11.2x16.9x0.9x
Tue, 02 May 2023JP¥39.6tJP¥43.1tJP¥2.4t11.5x16.7x0.9x
Thu, 30 Mar 2023JP¥38.2tJP¥42.6tJP¥2.3t11.3x16.3x0.9x
Sat, 25 Feb 2023JP¥38.1tJP¥42.6tJP¥2.3t11.1x16.3x0.9x
Price to Earnings Ratio

16.3x


Total Market Cap: JP¥38.1tTotal Earnings: JP¥2.3tTotal Revenue: JP¥42.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Machinery Industry Price to Earnings3Y Average 18.7x202420252026
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 26.0x which is higher than its 3-year average PE of 18.7x.
  • The 3-year average PS ratio of 1.1x 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 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-1.91%
Industrials-3.33%
Machinery-1.17%
Agricultural Machinery9.03%
Construction Machinery and Vehicles2.21%
Industrial Machinery-2.60%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 21.3x.
    • Analysts are expecting annual earnings growth of 12.6%, 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 11.6x.
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 7.6% 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
6326 KubotaJP¥2.97k8.4%
+JP¥294.9b		54.7%PE18.1x
6301 KomatsuJP¥7.63k2.7%
+JP¥180.5b		59.2%PE17.3x
6273 SMCJP¥71.53k4.2%
+JP¥178.7b		29.9%PE28.7x
6201 Toyota IndustriesJP¥20.24k2.9%
+JP¥171.3b		58.1%PE30.3x
6361 EbaraJP¥5.67k6.0%
+JP¥146.6b		112.7%PE33.8x

Latest News

6134
JP¥5,259.00
Fuji
7D
26.3%
1Y
134.5%
6301
JP¥7,630.00
Komatsu
7D
2.7%
1Y
59.2%
7011
JP¥4,919.00
Mitsubishi Heavy Industries
7D
-3.7%
1Y
128.6%

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¥16,980.00
Kawasaki Heavy Industries
7D
-7.0%
1Y
109.9%

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).
6326
JP¥2,972.00
Kubota
7D
8.4%
1Y
54.7%

Results: Kubota Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

Feb 15
Results: Kubota Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates
6383
JP¥6,328.00
Daifuku
7D
5.0%
1Y
61.3%

Analysts Have Made A Financial Statement On Daifuku Co., Ltd.'s (TSE:6383) Annual Report

Feb 15
Analysts Have Made A Financial Statement On Daifuku Co., Ltd.'s (TSE:6383) Annual Report
6273
JP¥71,530.00
SMC
7D
4.2%
1Y
29.9%

SMC Corporation Just Beat EPS By 19%: Here's What Analysts Think Will Happen Next

Feb 15
SMC Corporation Just Beat EPS By 19%: Here's What Analysts Think Will Happen Next
6361
JP¥5,665.00
Ebara
7D
6.0%
1Y
112.7%
6005
JP¥2,958.00
Miura
7D
-15.6%
1Y
-9.5%
6201
JP¥20,240.00
Toyota Industries
7D
2.9%
1Y
58.1%
7013
JP¥4,041.00
IHI
7D
-10.2%
1Y
194.0%

IHI Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year

Feb 12
IHI Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year
6302
JP¥5,590.00
Sumitomo Heavy Industries
7D
-6.6%
1Y
87.1%
6368
JP¥16,255.00
Organo
7D
12.0%
1Y
133.5%

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

Feb 10
Organo's (TSE:6368) Dividend Will Be ¥95.00
5631
JP¥9,102.00
Japan Steel Works
7D
-6.6%
1Y
65.9%
6506
JP¥5,133.00
YASKAWA Electric
7D
-5.8%
1Y
20.4%

At JP¥4,944, Is YASKAWA Electric Corporation (TSE:6506) Worth Looking At Closely?

Jan 29
At JP¥4,944, Is YASKAWA Electric Corporation (TSE:6506) Worth Looking At Closely?
6954
JP¥6,355.00
Fanuc
7D
-6.5%
1Y
42.9%

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

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