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Japanese (NIKKEI) Machinery Industry Analysis

UpdatedJul 16, 2026
DataAggregated Company Financials
Companies246
  • 7D0.9%
  • 3M1.4%
  • 1Y48.5%
  • YTD17.3%

Over the last 7 days, the Machinery industry has dropped 4.2%, driven by YASKAWA Electric declining 17%. Over the past 12 months, the industry was up 46%. Earnings are forecast to grow by 10% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 16 Jul 2026JP¥74.8tJP¥45.2tJP¥3.2t15.1x23x1.7x
Sat, 13 Jun 2026JP¥71.3tJP¥45.1tJP¥3.2t14.1x22x1.6x
Mon, 11 May 2026JP¥84.2tJP¥49.4tJP¥3.3t15.1x25.4x1.7x
Wed, 08 Apr 2026JP¥75.9tJP¥49.4tJP¥3.2t14.2x23.7x1.5x
Fri, 06 Mar 2026JP¥81.5tJP¥49.9tJP¥3.2t15.2x25.3x1.6x
Sun, 01 Feb 2026JP¥74.7tJP¥49.0tJP¥3.1t13.6x24.1x1.5x
Tue, 30 Dec 2025JP¥67.0tJP¥49.0tJP¥3.1t12.8x21.8x1.4x
Thu, 27 Nov 2025JP¥65.3tJP¥49.0tJP¥3.1t12.6x21.2x1.3x
Sat, 25 Oct 2025JP¥68.1tJP¥49.0tJP¥2.7t13.9x24.9x1.4x
Mon, 22 Sep 2025JP¥60.6tJP¥49.0tJP¥2.7t13.8x22.2x1.2x
Wed, 20 Aug 2025JP¥61.2tJP¥49.0tJP¥2.7t13.1x22.5x1.2x
Fri, 18 Jul 2025JP¥55.6tJP¥49.0tJP¥2.8t12.3x19.5x1.1x
Sun, 15 Jun 2025JP¥55.1tJP¥49.0tJP¥2.8t11.5x19.3x1.1x
Tue, 13 May 2025JP¥51.8tJP¥48.7tJP¥2.9t11.6x18.2x1.1x
Thu, 10 Apr 2025JP¥42.5tJP¥48.4tJP¥2.8t10x14.9x0.9x
Sat, 08 Mar 2025JP¥51.8tJP¥48.4tJP¥2.8t11.7x18.2x1.1x
Mon, 03 Feb 2025JP¥51.7tJP¥48.1tJP¥2.8t12x18.4x1.1x
Wed, 01 Jan 2025JP¥50.6tJP¥47.9tJP¥2.8t12.4x18.2x1.1x
Fri, 29 Nov 2024JP¥48.4tJP¥47.9tJP¥2.8t12.2x17.4x1x
Sun, 27 Oct 2024JP¥47.2tJP¥47.3tJP¥2.9t11.8x16.2x1x
Tue, 24 Sep 2024JP¥46.5tJP¥47.2tJP¥2.9t12.2x16x1x
Thu, 22 Aug 2024JP¥47.5tJP¥47.2tJP¥2.9t11.8x16.3x1x
Sat, 20 Jul 2024JP¥52.8tJP¥46.3tJP¥2.8t13.2x19.1x1.1x
Mon, 17 Jun 2024JP¥50.7tJP¥46.3tJP¥2.8t13x18.3x1.1x
Wed, 15 May 2024JP¥51.6tJP¥46.3tJP¥2.8t12.7x18.6x1.1x
Fri, 12 Apr 2024JP¥51.7tJP¥45.7tJP¥2.6t12.6x19.9x1.1x
Sun, 10 Mar 2024JP¥51.0tJP¥45.7tJP¥2.6t12.6x19.7x1.1x
Tue, 06 Feb 2024JP¥46.0tJP¥45.4tJP¥2.4t12.5x19x1x
Thu, 04 Jan 2024JP¥42.9tJP¥45.3tJP¥2.4t12.2x18.1x0.9x
Sat, 02 Dec 2023JP¥43.2tJP¥45.3tJP¥2.4t12x18.3x1x
Mon, 30 Oct 2023JP¥40.2tJP¥45.1tJP¥2.5t11.5x15.8x0.9x
Wed, 27 Sep 2023JP¥43.1tJP¥45.0tJP¥2.5t12x17.2x1x
Fri, 25 Aug 2023JP¥41.8tJP¥45.0tJP¥2.5t11.7x16.7x0.9x
Sun, 23 Jul 2023JP¥42.5tJP¥44.0tJP¥2.4t12.1x17.5x1x
Price to Earnings Ratio

17.5x


Total Market Cap: JP¥42.5tTotal Earnings: JP¥2.4tTotal Revenue: JP¥44.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Machinery Industry Price to Earnings3Y Average 19.7x202420252026
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 22.6x which is higher than its 3-year average PE of 19.7x.
  • The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the Machinery industry have grown 10% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

Which industries have driven the changes within the Japanese Industrials industry?

JP Market1.83%
Industrials1.36%
Machinery0.86%
Agricultural Machinery2.23%
Industrial Machinery1.05%
Construction Machinery and Vehicles-0.79%
Industry PE
  • Investors are most optimistic about the Industrial Machinery industry which is trading above its 3-year average PE ratio of 22.7x.
    • Analysts are expecting annual earnings growth of 11.2%, which is lower than the prior year's growth of 14.0% per year.
  • Investors are most pessimistic about the Construction Machinery and Vehicles industry, which is trading below its 3-year average of 15.2x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Machinery industry, expecting annual earnings growth of 11% over the next 5 years.
  • However this is lower than its past earnings growth rate of 14% per year.
  • In contrast, the Construction Machinery and Vehicles industry is expected to see its earnings grow by 6.9% 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
6954 FanucJP¥7.01k4.6%
+JP¥287.4b		86.2%PE39.3x
6273 SMCJP¥75.00k6.4%
+JP¥282.9b		50.3%PE28.2x
6361 EbaraJP¥6.23k7.3%
+JP¥192.3b		121.7%PE35.9x
6326 KubotaJP¥2.77k2.4%
+JP¥74.3b		73.8%PE14.3x
6370 Kurita Water IndustriesJP¥9.27k6.5%
+JP¥61.8b		65.4%PE25.3x

Latest News

6506
JP¥5,490.00
YASKAWA Electric
7D
-17.3%
1Y
91.3%
Analysis Article • Jul 14

YASKAWA Electric Corporation Just Missed Earnings - But Analysts Have Updated Their Models

YASKAWA Electric Corporation ( TSE:6506 ) missed earnings with its latest quarterly results, disappointing...
7012
JP¥2,725.50
Kawasaki Heavy Industries
7D
-3.6%
1Y
34.7%
Narrative Update • Jul 14

7012: Capital Raise And Segment Volatility Will Shape Balanced Future Risk Reward

The analyst price target for Kawasaki Heavy Industries has been reset from an implied fair value of ¥2,717 to ¥3,000, reflecting updated assumptions on discount rate, revenue growth, profit margin and future P/E. Analysts highlight mixed recent segment performance and a more balanced near term risk/reward profile.
7013
JP¥2,811.50
IHI
7D
-2.8%
1Y
25.5%
Narrative Update • Jul 13

7013: Nuclear And Low Carbon Energy Collaboration Will Drive Future Upside

Analysts have modestly adjusted their price target for IHI to approximately ¥5,431 from about ¥5,544, reflecting updated assumptions for revenue growth, profit margins, discount rate, and future P/E levels. What’s in the News for IHI IHI scheduled an Analyst and Investor Day to cover its technology strategy, nuclear energy business and LCB in the Energy segment, bridge business, and other business topics.
6465
JP¥5,310.00
Hoshizaki
7D
-6.0%
1Y
1.6%
6383
JP¥6,774.00
Daifuku
7D
1.5%
1Y
84.2%
6481
JP¥7,436.00
THK
7D
5.3%
1Y
93.0%
Narrative Update • Jul 09

6481: Revised Guidance And Neutral Rating Will Support Balanced Medium Term Outlook

Analysts have lifted their fair value estimate for THK to about ¥7,500 from roughly ¥5,400, citing updated assumptions for revenue growth, profit margins, and future P/E that align with the recent Street price target increase to ¥7,500 from ¥5,200. What's in the News THK revised its consolidated guidance for the six months ending June 30, 2026, now expecting revenue of ¥138,000 million, operating income of ¥15,400 million, and profit attributable to owners of the parent of ¥10,500 million, with earnings per share of ¥93.73.
6301
JP¥6,420.00
Komatsu
7D
-1.6%
1Y
33.8%
Narrative Update • Jul 09

6301: Export Controls Risk Will Likely Pressure Shares Despite Earnings Guidance

Analysts have lifted their price target on Komatsu to ¥5,000 from ¥4,600, citing updated assumptions around revenue growth, a slightly lower discount rate, a modestly adjusted profit margin outlook, and a higher future P/E multiple. What’s in the News for Komatsu China reportedly expanded its export control blacklist to include units of Komatsu, alongside other major Japanese companies, in the context of ongoing trade tensions with Japan, according to recent coverage of Canada’s trade mission to Japan.
5631
JP¥7,821.00
Japan Steel Works
7D
-5.2%
1Y
-4.2%
6479
JP¥4,185.00
MINEBEA MITSUMI
7D
-3.1%
1Y
87.7%
Narrative Update • Jul 07

6479: Softer Long Term Outlook And Higher Multiple Will Limit Future Upside

Analysts have raised their price target for MINEBEA MITSUMI to ¥2,687 from ¥2,591, reflecting updated assumptions that combine a slightly lower discount rate, modestly softer revenue growth and profit margin expectations, and a higher future P/E multiple. What’s in the News for MINEBEA MITSUMI MINEBEA MITSUMI issued dividend guidance for the fiscal year ending March 31, 2027, indicating an interim dividend of ¥30.00 per share for the second quarter and a year end dividend of ¥30.00 per share, for a total of ¥60.00 per share for the fiscal year.
6273
JP¥75,000.00
SMC
7D
6.4%
1Y
50.3%
6326
JP¥2,770.00
Kubota
7D
2.4%
1Y
73.8%
5333
JP¥6,759.00
NGK
7D
-1.4%
1Y
267.0%
Analysis Article • Jul 01

NGK's (TSE:5333) Earnings Offer More Than Meets The Eye

Shareholders appeared to be happy with NGK Corporation's ( TSE:5333 ) solid earnings report last week. Looking deeper...
6370
JP¥9,270.00
Kurita Water Industries
7D
6.5%
1Y
65.4%
6954
JP¥7,008.00
Fanuc
7D
4.6%
1Y
86.2%
6361
JP¥6,230.00
Ebara
7D
7.3%
1Y
121.7%
6134
JP¥8,020.00
Fuji
7D
5.5%
1Y
199.7%