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Japanese (NIKKEI) Machinery Industry Analysis

UpdatedJan 14, 2026
DataAggregated Company Financials
Companies252
  • 7D4.5%
  • 3M14.0%
  • 1Y53.4%
  • YTD6.4%

Over the last 7 days, the Machinery industry has risen 4.5%, driven by gains from Mitsubishi Heavy Industries of 13%. Meanwhile, Takeuchi Mfg actually underperformed within the industry, shrinking 6.7% in the last week. This takes the industry's 12 month performance to a gain of 53%. 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, 14 Jan 2026JP¥73.5tJP¥48.9tJP¥3.1t13.4x24.1x1.5x
Fri, 12 Dec 2025JP¥68.0tJP¥49.0tJP¥3.1t12.6x22.1x1.4x
Sun, 09 Nov 2025JP¥67.2tJP¥49.2tJP¥3.0t13.1x22.2x1.4x
Tue, 07 Oct 2025JP¥64.4tJP¥49.0tJP¥2.7t13.5x23.6x1.3x
Thu, 04 Sep 2025JP¥58.5tJP¥49.0tJP¥2.7t13.3x21.4x1.2x
Sat, 02 Aug 2025JP¥59.6tJP¥48.8tJP¥2.8t12.8x21.1x1.2x
Mon, 30 Jun 2025JP¥57.0tJP¥49.0tJP¥2.8t11.8x20x1.2x
Wed, 28 May 2025JP¥54.8tJP¥49.0tJP¥2.8t11.5x19.2x1.1x
Fri, 25 Apr 2025JP¥48.0tJP¥48.4tJP¥2.8t11x16.9x1x
Sun, 23 Mar 2025JP¥54.3tJP¥48.4tJP¥2.8t12x19.1x1.1x
Tue, 18 Feb 2025JP¥49.9tJP¥48.4tJP¥2.8t11.8x17.6x1x
Thu, 16 Jan 2025JP¥48.7tJP¥47.9tJP¥2.8t12.1x17.4x1x
Sat, 14 Dec 2024JP¥49.3tJP¥48.0tJP¥2.8t12.2x17.7x1x
Mon, 11 Nov 2024JP¥50.1tJP¥47.9tJP¥2.8t12.3x17.9x1x
Wed, 09 Oct 2024JP¥49.2tJP¥47.2tJP¥2.9t12.1x16.9x1x
Fri, 06 Sep 2024JP¥45.5tJP¥47.2tJP¥2.9t11.7x15.6x1x
Sun, 04 Aug 2024JP¥45.2tJP¥46.7tJP¥2.8t11.5x15.9x1x
Tue, 02 Jul 2024JP¥52.2tJP¥46.3tJP¥2.8t13.7x18.8x1.1x
Thu, 30 May 2024JP¥50.3tJP¥46.3tJP¥2.8t12.6x18.2x1.1x
Sat, 27 Apr 2024JP¥50.2tJP¥45.7tJP¥2.7t12.6x18.5x1.1x
Mon, 25 Mar 2024JP¥51.9tJP¥45.7tJP¥2.6t13.1x20.1x1.1x
Wed, 21 Feb 2024JP¥47.4tJP¥45.7tJP¥2.6t12.2x18.3x1x
Fri, 19 Jan 2024JP¥44.6tJP¥45.3tJP¥2.4t12.6x18.9x1x
Sun, 17 Dec 2023JP¥41.9tJP¥45.3tJP¥2.4t11.8x17.7x0.9x
Tue, 14 Nov 2023JP¥41.9tJP¥45.3tJP¥2.4t11.8x17.5x0.9x
Thu, 12 Oct 2023JP¥41.7tJP¥45.0tJP¥2.5t11.7x16.7x0.9x
Sat, 09 Sep 2023JP¥43.5tJP¥45.0tJP¥2.5t12.1x17.4x1x
Mon, 07 Aug 2023JP¥41.9tJP¥44.5tJP¥2.4t11.9x17.2x0.9x
Wed, 05 Jul 2023JP¥44.0tJP¥44.0tJP¥2.4t12.2x18.2x1x
Fri, 02 Jun 2023JP¥40.3tJP¥44.0tJP¥2.4t11x16.6x0.9x
Sun, 30 Apr 2023JP¥38.9tJP¥43.1tJP¥2.4t11.3x16.5x0.9x
Tue, 28 Mar 2023JP¥37.5tJP¥42.6tJP¥2.3t11.1x16x0.9x
Thu, 23 Feb 2023JP¥37.4tJP¥42.6tJP¥2.3t11x16x0.9x
Sat, 21 Jan 2023JP¥35.6tJP¥41.2tJP¥2.4t10.4x14.7x0.9x
Price to Earnings Ratio

14.7x


Total Market Cap: JP¥35.6tTotal 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 24.1x 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 1.5x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 8.1% 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 Market1.77%
Industrials2.33%
Machinery4.54%
Industrial Machinery4.91%
Agricultural Machinery3.57%
Construction Machinery and Vehicles3.30%
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 (12.8%) 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 11.6x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 13% over the next 5 years.
  • This is 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 8.5% 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¥4.70k12.9%
+JP¥1.8t		126.8%PE60x
6954 FanucJP¥6.90k7.3%
+JP¥435.8b		57.5%PE40.9x
6273 SMCJP¥64.09k10.8%
+JP¥396.3b		12.7%PE25.7x
7013 IHIJP¥3.48k11.4%
+JP¥376.4b		187.3%PE28.5x
7012 Kawasaki Heavy IndustriesJP¥13.83k19.0%
+JP¥368.6b		100.0%PE24x

Latest News

6432
JP¥6,660.00
Takeuchi Mfg
7D
-6.7%
1Y
32.7%
6433
JP¥1,015.00
HEPHAIST
7D
-15.1%
1Y
160.3%

Optimistic Investors Push HEPHAIST Co., Ltd. (TSE:6433) Shares Up 27% But Growth Is Lacking

Jan 11
Optimistic Investors Push HEPHAIST Co., Ltd. (TSE:6433) Shares Up 27% But Growth Is Lacking
5982
JP¥3,700.00
Maruzen
7D
-1.1%
1Y
10.4%
7003
JP¥7,118.00
MITSUI E&S
7D
17.5%
1Y
357.7%
7013
JP¥3,475.00
IHI
7D
11.4%
1Y
187.3%
6454
JP¥6,830.00
Max
7D
-2.6%
1Y
89.5%

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¥13,825.00
Kawasaki Heavy Industries
7D
19.0%
1Y
100.0%
6327
JP¥938.00
Kitagawa SeikiLtd
7D
-8.0%
1Y
75.0%

The Market Doesn't Like What It Sees From Kitagawa Seiki Co.,Ltd.'s (TSE:6327) Earnings Yet

Jan 07
The Market Doesn't Like What It Sees From Kitagawa Seiki Co.,Ltd.'s (TSE:6327) Earnings Yet
6361
JP¥4,618.00
Ebara
7D
6.7%
1Y
70.2%
7011
JP¥4,701.00
Mitsubishi Heavy Industries
7D
12.9%
1Y
126.8%

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).
6135
JP¥10,800.00
Makino Milling Machine
7D
-1.8%
1Y
-7.8%
6273
JP¥64,090.00
SMC
7D
10.8%
1Y
12.7%

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
6459
JP¥1,589.00
Daiwa Industries
7D
-1.1%
1Y
4.6%
6301
JP¥5,421.00
Komatsu
7D
5.2%
1Y
28.8%
6954
JP¥6,896.00
Fanuc
7D
7.3%
1Y
57.5%

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
6144
JP¥2,925.00
Seibu Electric & Machinery
7D
-4.7%
1Y
46.3%