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Japanese (NIKKEI) Machinery Industry Analysis

UpdatedApr 01, 2026
DataAggregated Company Financials
Companies248
  • 7D-4.0%
  • 3M8.2%
  • 1Y46.0%
  • YTD4.2%

Over the last 7 days, the Machinery industry has dropped 4.0%, driven by declines in Fanuc and IHI of 3.7% and 5.1%, respectively. In contrast, Kawasaki Heavy Industries has gained 5.1%. In the past year, the industry has gained 46%. 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
Wed, 01 Apr 2026JP¥71.3tJP¥49.5tJP¥3.2t13.8x22.3x1.4x
Fri, 27 Feb 2026JP¥85.9tJP¥49.9tJP¥3.2t15.4x26.7x1.7x
Sun, 25 Jan 2026JP¥75.7tJP¥48.9tJP¥3.1t13.5x24.8x1.5x
Tue, 23 Dec 2025JP¥67.0tJP¥49.0tJP¥3.1t12.6x21.8x1.4x
Thu, 20 Nov 2025JP¥63.6tJP¥49.0tJP¥3.1t12.2x20.6x1.3x
Sat, 18 Oct 2025JP¥64.7tJP¥49.0tJP¥2.7t13.4x23.6x1.3x
Mon, 15 Sep 2025JP¥61.0tJP¥49.0tJP¥2.7t13.5x22.3x1.2x
Wed, 13 Aug 2025JP¥61.3tJP¥49.0tJP¥2.7t13.1x22.5x1.3x
Fri, 11 Jul 2025JP¥55.0tJP¥49.0tJP¥2.8t12.2x19.3x1.1x
Sun, 08 Jun 2025JP¥55.0tJP¥49.0tJP¥2.8t11.6x19.3x1.1x
Tue, 06 May 2025JP¥50.7tJP¥48.6tJP¥2.9t11.2x17.4x1x
Thu, 03 Apr 2025JP¥50.3tJP¥48.4tJP¥2.8t11.4x17.7x1x
Sat, 01 Mar 2025JP¥49.0tJP¥48.4tJP¥2.8t11.7x17.2x1x
Mon, 27 Jan 2025JP¥51.5tJP¥47.9tJP¥2.8t12.2x18.4x1.1x
Wed, 25 Dec 2024JP¥49.3tJP¥48.0tJP¥2.8t12.3x17.7x1x
Fri, 22 Nov 2024JP¥49.3tJP¥47.9tJP¥2.8t12.2x17.6x1x
Sun, 20 Oct 2024JP¥49.0tJP¥47.2tJP¥2.9t11.9x16.9x1x
Tue, 17 Sep 2024JP¥44.7tJP¥47.2tJP¥2.9t11.8x15.3x0.9x
Thu, 15 Aug 2024JP¥46.3tJP¥47.2tJP¥2.9t11.6x15.9x1x
Sat, 13 Jul 2024JP¥53.1tJP¥46.3tJP¥2.8t13.4x19.2x1.1x
Mon, 10 Jun 2024JP¥49.7tJP¥46.3tJP¥2.8t12.8x18x1.1x
Wed, 08 May 2024JP¥52.5tJP¥45.9tJP¥2.7t12.9x19.5x1.1x
Fri, 05 Apr 2024JP¥51.2tJP¥45.7tJP¥2.6t12.6x19.8x1.1x
Sun, 03 Mar 2024JP¥50.2tJP¥45.7tJP¥2.6t12.3x19.4x1.1x
Tue, 30 Jan 2024JP¥45.4tJP¥45.3tJP¥2.4t12.8x19.3x1x
Thu, 28 Dec 2023JP¥42.9tJP¥45.3tJP¥2.4t12.1x18.1x0.9x
Sat, 25 Nov 2023JP¥43.5tJP¥45.3tJP¥2.4t11.9x18.4x1x
Mon, 23 Oct 2023JP¥40.6tJP¥45.0tJP¥2.5t11.3x16.2x0.9x
Wed, 20 Sep 2023JP¥44.8tJP¥45.0tJP¥2.5t12.3x17.9x1x
Fri, 18 Aug 2023JP¥41.2tJP¥45.0tJP¥2.5t11.6x16.5x0.9x
Sun, 16 Jul 2023JP¥42.0tJP¥44.0tJP¥2.4t11.9x17.4x1x
Tue, 13 Jun 2023JP¥42.9tJP¥44.0tJP¥2.4t11.7x17.7x1x
Thu, 11 May 2023JP¥39.6tJP¥43.2tJP¥2.3t11.6x16.9x0.9x
Sat, 08 Apr 2023JP¥37.1tJP¥42.6tJP¥2.3t11x15.8x0.9x
Price to Earnings Ratio

15.8x


Total Market Cap: JP¥37.1tTotal 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 22.3x 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 1.4x.
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 5.2% 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-1.74%
Industrials-2.69%
Machinery-4.05%
Agricultural Machinery-1.78%
Construction Machinery and Vehicles-2.28%
Industrial Machinery-4.67%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 21.8x.
    • Analysts are expecting annual earnings growth of 13.3%, 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¥4.59k0.9%
+JP¥144.5b		79.0%PE49.6x
7012 Kawasaki Heavy IndustriesJP¥3.17k4.9%
+JP¥122.9b		75.3%PE24.1x
6326 KubotaJP¥2.62k3.5%
+JP¥101.8b		44.0%PE16x
6383 DaifukuJP¥5.88k3.7%
+JP¥77.6b		58.5%PE27.7x
6301 KomatsuJP¥6.49k1.0%
+JP¥56.8b		47.9%PE14.4x

Latest News

7011
JP¥4,590.00
Mitsubishi Heavy Industries
7D
0.9%
1Y
79.0%
6954
JP¥5,697.00
Fanuc
7D
-3.7%
1Y
40.0%
6479
JP¥2,667.50
MINEBEA MITSUMI
7D
-2.4%
1Y
22.5%

6479: Higher Earnings Guidance And Improved Profit Outlook Will Support A Rebound

Analysts have adjusted their price target on MINEBEA MITSUMI from ¥3,900 to ¥4,450, reflecting updated views on discount rate assumptions, more moderate revenue growth and profit margin expectations, and a higher future P/E multiple. What's in the News MINEBEA MITSUMI updated its consolidated earnings guidance for the year ending March 31, 2026, providing refreshed reference points for revenue and profit expectations.
6481
JP¥5,042.00
THK
7D
5.5%
1Y
39.0%
7012
JP¥3,168.00
Kawasaki Heavy Industries
7D
4.9%
1Y
75.3%

7012: Index Inclusion And Higher Dividend Will Support Upside Despite Elevated Future P/E

Analysts have revised their price target on Kawasaki Heavy Industries from about ¥16,158 to roughly ¥3,398. This reflects updated views on slightly higher discount rates, modestly adjusted revenue growth expectations, firmer profit margins, and a marginally higher future P/E multiple.
6383
JP¥5,879.00
Daifuku
7D
3.7%
1Y
58.5%
6301
JP¥6,492.00
Komatsu
7D
1.0%
1Y
47.9%

6301: Higher P/E And Ammonia Fuel Collaboration Will Shape Future Returns

Analysts now set a price target of ¥6,290 for Komatsu, compared with the prior ¥6,106.67. This reflects updated assumptions around discount rates, revenue growth, margins and future P/E that slightly adjust, but do not radically change, their overall view of the shares.
6361
JP¥4,552.00
Ebara
7D
-6.1%
1Y
104.7%
7013
JP¥3,330.00
IHI
7D
-5.1%
1Y
116.4%
6324
JP¥3,655.00
Harmonic Drive Systems
7D
-10.2%
1Y
13.7%
7003
JP¥6,011.00
MITSUI E&S
7D
-4.4%
1Y
263.4%
6273
JP¥63,720.00
SMC
7D
-2.3%
1Y
19.6%
6586
JP¥5,383.00
Makita
7D
2.1%
1Y
9.7%
6326
JP¥2,624.50
Kubota
7D
3.5%
1Y
44.0%
6506
JP¥4,322.00
YASKAWA Electric
7D
-4.2%
1Y
16.2%
6376
JP¥2,644.00
Nikkiso
7D
14.8%
1Y
107.2%