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Japanese (NIKKEI) Machinery Industry Analysis

UpdatedJan 10, 2026
DataAggregated Company Financials
Companies252
  • 7D7.2%
  • 3M11.4%
  • 1Y46.6%
  • YTD3.2%

In the last week, the Machinery industry is up 5.9%, with Mitsubishi Heavy Industries up 11%. This takes the industry's 12 month performance to a gain of 45%. As for the next few years, earnings are expected to grow by 12% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 10 Jan 2026JP¥71.4tJP¥48.9tJP¥3.1t13.3x23.2x1.5x
Mon, 08 Dec 2025JP¥67.9tJP¥49.0tJP¥3.1t12.6x22.1x1.4x
Wed, 05 Nov 2025JP¥68.7tJP¥49.1tJP¥2.7t13.4x25.2x1.4x
Fri, 03 Oct 2025JP¥60.4tJP¥49.0tJP¥2.7t13.2x22.1x1.2x
Sun, 31 Aug 2025JP¥59.9tJP¥49.0tJP¥2.7t13.3x21.9x1.2x
Tue, 29 Jul 2025JP¥59.2tJP¥49.0tJP¥2.9t12.6x20.7x1.2x
Thu, 26 Jun 2025JP¥55.2tJP¥49.0tJP¥2.8t11.7x19.4x1.1x
Sat, 24 May 2025JP¥54.0tJP¥49.0tJP¥2.8t11.4x19x1.1x
Mon, 21 Apr 2025JP¥47.3tJP¥48.4tJP¥2.8t10.9x16.7x1x
Wed, 19 Mar 2025JP¥54.2tJP¥48.4tJP¥2.8t11.9x19x1.1x
Fri, 14 Feb 2025JP¥50.7tJP¥48.2tJP¥2.8t11.8x17.8x1.1x
Sun, 12 Jan 2025JP¥49.2tJP¥47.9tJP¥2.8t12x17.7x1x
Tue, 10 Dec 2024JP¥49.1tJP¥48.0tJP¥2.8t12.2x17.7x1x
Thu, 07 Nov 2024JP¥50.1tJP¥47.6tJP¥2.6t12.1x19x1.1x
Sat, 05 Oct 2024JP¥49.5tJP¥47.2tJP¥2.9t12.2x17x1x
Mon, 02 Sep 2024JP¥48.1tJP¥47.2tJP¥2.9t12x16.5x1x
Wed, 31 Jul 2024JP¥50.2tJP¥46.4tJP¥2.8t12.8x18x1.1x
Fri, 28 Jun 2024JP¥51.3tJP¥46.3tJP¥2.8t13.6x18.5x1.1x
Sun, 26 May 2024JP¥51.0tJP¥46.3tJP¥2.8t12.6x18.5x1.1x
Tue, 23 Apr 2024JP¥49.0tJP¥45.7tJP¥2.6t12.3x18.9x1.1x
Thu, 21 Mar 2024JP¥50.9tJP¥45.7tJP¥2.6t12.9x19.7x1.1x
Sat, 17 Feb 2024JP¥47.3tJP¥45.7tJP¥2.6t12x18.3x1x
Mon, 15 Jan 2024JP¥45.4tJP¥45.3tJP¥2.4t12.4x19.2x1x
Wed, 13 Dec 2023JP¥41.3tJP¥45.3tJP¥2.4t11.8x17.4x0.9x
Fri, 10 Nov 2023JP¥41.7tJP¥45.3tJP¥2.4t11.6x17.4x0.9x
Sun, 08 Oct 2023JP¥40.9tJP¥45.0tJP¥2.5t11.5x16.4x0.9x
Tue, 05 Sep 2023JP¥43.9tJP¥45.0tJP¥2.5t12.3x17.6x1x
Thu, 03 Aug 2023JP¥42.5tJP¥44.4tJP¥2.4t12x17.4x1x
Sat, 01 Jul 2023JP¥43.8tJP¥44.0tJP¥2.4t12.2x18.1x1x
Mon, 29 May 2023JP¥40.6tJP¥44.0tJP¥2.4t11.3x16.7x0.9x
Wed, 26 Apr 2023JP¥38.5tJP¥42.6tJP¥2.3t11.4x16.4x0.9x
Fri, 24 Mar 2023JP¥37.5tJP¥42.6tJP¥2.3t11x16x0.9x
Sun, 19 Feb 2023JP¥38.1tJP¥42.6tJP¥2.3t11x16.2x0.9x
Tue, 17 Jan 2023JP¥34.8tJP¥41.2tJP¥2.4t10.1x14.4x0.8x
Price to Earnings Ratio

14.4x


Total Market Cap: JP¥34.8tTotal Earnings: JP¥2.4tTotal Revenue: JP¥41.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Machinery Industry Price to Earnings3Y Average 18.4x202420252026
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 22.9x which is higher than its 3-year average PE of 18.4x.
  • 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 8.3% per year over the last three years.
  • Revenues for these companies have grown 5.9% 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 Market2.98%
Industrials4.15%
Machinery7.17%
Industrial Machinery8.03%
Agricultural Machinery6.73%
Construction Machinery and Vehicles4.00%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 20.9x.
    • Analysts expect its future annual earnings growth (12.5%) to be largely in line with prior year's earnings growth.
  • 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 11.5x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 8.6% 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
7011 Mitsubishi Heavy IndustriesJP¥4.27k11.1%
+JP¥1.4t		96.9%PE54.5x
7013 IHIJP¥3.24k17.4%
+JP¥509.4b		177.7%PE26.5x
6954 FanucJP¥6.45k6.0%
+JP¥339.7b		56.7%PE38.2x
7012 Kawasaki Heavy IndustriesJP¥12.37k19.2%
+JP¥332.7b		75.4%PE21.4x
6361 EbaraJP¥4.41k19.7%
+JP¥331.5b		60.9%PE26.8x

Latest News

7013
JP¥3,235.00
IHI
7D
17.4%
1Y
177.7%
6454
JP¥6,800.00
Max
7D
-1.6%
1Y
96.0%

Max's (TSE:6454) Upcoming Dividend Will Be Larger Than Last Year's

Jan 08
Max's (TSE:6454) Upcoming Dividend Will Be Larger Than Last Year's
7012
JP¥12,370.00
Kawasaki Heavy Industries
7D
19.2%
1Y
75.4%
6361
JP¥4,410.00
Ebara
7D
19.7%
1Y
60.9%
9551
JP¥3,345.00
METAWATER
7D
-0.6%
1Y
87.3%
6479
JP¥2,997.00
MINEBEA MITSUMI
7D
-4.6%
1Y
21.5%

6479: Raised Guidance And Dividend Will Support Fairly Valued Outlook

Analysts have lifted their price target for MINEBEA MITSUMI to ¥3,363 from ¥3,326, reflecting slightly higher assumptions for fair value, revenue growth, profit margin, and future P/E. What's in the News MINEBEA MITSUMI raised consolidated net sales guidance for the year ending March 31, 2026 to ¥1,550,000 million, compared with the previous range of ¥1,500,000 million to ¥1,520,000 million (company guidance).
7011
JP¥4,267.00
Mitsubishi Heavy Industries
7D
11.1%
1Y
96.9%

7011: Ethanol Alliance And Earnings Outlook Will Support Higher Future Returns

Analysts now set their fair value estimate for Mitsubishi Heavy Industries at ¥5,300, up from ¥3,848.99, citing revised assumptions for revenue growth, profit margins, future P/E levels and an updated discount rate. What's in the News Mitsubishi Heavy Industries issued revised consolidated earnings guidance for the fiscal year ending March 31, 2026, with expected revenue of ¥4,800,000 million, profit from business activities of ¥390,000 million, profit attributable to owners of the parent of ¥230,000 million, and basic earnings per share of ¥68.49 (company guidance).
6326
JP¥2,371.00
Kubota
7D
7.0%
1Y
32.9%

Kubota (TSE:6326) Has Affirmed Its Dividend Of ¥25.00

Dec 27
Kubota (TSE:6326) Has Affirmed Its Dividend Of ¥25.00
6135
JP¥10,840.00
Makino Milling Machine
7D
-1.8%
1Y
-9.3%
6273
JP¥58,620.00
SMC
7D
7.6%
1Y
-2.1%

We Think SMC (TSE:6273) Can Stay On Top Of Its Debt

Dec 26
We Think SMC (TSE:6273) Can Stay On Top Of Its Debt
6262
JP¥755.00
Pegasus
7D
-2.8%
1Y
68.9%
6301
JP¥5,187.00
Komatsu
7D
3.7%
1Y
23.6%
6324
JP¥3,550.00
Harmonic Drive Systems
7D
-6.1%
1Y
-10.5%

Returns At Harmonic Drive Systems (TSE:6324) Are On The Way Up

Dec 22
Returns At Harmonic Drive Systems (TSE:6324) Are On The Way Up
6954
JP¥6,448.00
Fanuc
7D
6.0%
1Y
56.7%

Fanuc Corporation's (TSE:6954) 25% Share Price Surge Not Quite Adding Up

Dec 22
Fanuc Corporation's (TSE:6954) 25% Share Price Surge Not Quite Adding Up
3302
JP¥3,135.00
Teikoku Sen-i
7D
-5.0%
1Y
35.9%
6237
JP¥2,590.00
Iwaki
7D
-1.1%
1Y
13.0%