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Japanese (NIKKEI) Materials Sector Analysis

UpdatedMay 28, 2026
DataAggregated Company Financials
Companies282
  • 7D6.9%
  • 3M3.6%
  • 1Y62.3%
  • YTD28.3%

The Materials industry is up 6.9% in the last week, with Shin-Etsu Chemical up 7.2%. In the last 12 months, the industry was up 62%. Earnings are forecast to grow by 13% annually.

Sector Valuation and Performance

Has the Japanese Materials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 28 May 2026JP¥76.6tJP¥83.8tJP¥3.6t12x21.5x0.9x
Sat, 25 Apr 2026JP¥70.6tJP¥82.5tJP¥3.3t12.6x21.6x0.9x
Mon, 23 Mar 2026JP¥68.2tJP¥82.5tJP¥3.3t12.8x20.8x0.8x
Wed, 18 Feb 2026JP¥70.2tJP¥82.7tJP¥3.3t13.5x21.3x0.8x
Fri, 16 Jan 2026JP¥65.3tJP¥82.0tJP¥3.1t12.8x20.9x0.8x
Sun, 14 Dec 2025JP¥58.9tJP¥82.0tJP¥3.1t12x18.9x0.7x
Tue, 11 Nov 2025JP¥56.0tJP¥82.4tJP¥3.2t12.2x17.7x0.7x
Thu, 09 Oct 2025JP¥57.1tJP¥82.4tJP¥3.0t12.5x19.1x0.7x
Sat, 06 Sep 2025JP¥55.0tJP¥82.4tJP¥3.0t12.4x18.4x0.7x
Mon, 04 Aug 2025JP¥51.6tJP¥82.8tJP¥3.1t11.3x16.4x0.6x
Wed, 02 Jul 2025JP¥49.8tJP¥83.2tJP¥3.6t10.5x14x0.6x
Fri, 30 May 2025JP¥48.7tJP¥83.2tJP¥3.6t10.3x13.6x0.6x
Sun, 27 Apr 2025JP¥46.5tJP¥83.7tJP¥3.7t10.1x12.6x0.6x
Tue, 25 Mar 2025JP¥51.2tJP¥82.4tJP¥3.6t10.9x14.3x0.6x
Thu, 20 Feb 2025JP¥49.3tJP¥82.4tJP¥3.6t10.7x13.8x0.6x
Sat, 18 Jan 2025JP¥49.2tJP¥81.8tJP¥3.4t10.8x14.3x0.6x
Mon, 16 Dec 2024JP¥50.4tJP¥81.8tJP¥3.4t11x14.7x0.6x
Wed, 13 Nov 2024JP¥52.3tJP¥81.6tJP¥3.4t11x15.3x0.6x
Fri, 11 Oct 2024JP¥53.7tJP¥81.1tJP¥3.6t10.6x14.8x0.7x
Sun, 08 Sep 2024JP¥50.5tJP¥81.1tJP¥3.6t10.6x13.9x0.6x
Tue, 06 Aug 2024JP¥44.3tJP¥80.4tJP¥3.6t9.3x12.4x0.6x
Thu, 04 Jul 2024JP¥55.4tJP¥80.0tJP¥3.5t11.7x16x0.7x
Sat, 01 Jun 2024JP¥54.8tJP¥80.4tJP¥3.5t11.4x15.8x0.7x
Mon, 29 Apr 2024JP¥54.8tJP¥80.0tJP¥3.3t11.9x16.4x0.7x
Wed, 27 Mar 2024JP¥58.2tJP¥80.0tJP¥3.3t12.5x17.5x0.7x
Fri, 23 Feb 2024JP¥55.3tJP¥80.0tJP¥3.3t12.3x16.6x0.7x
Sun, 21 Jan 2024JP¥53.4tJP¥81.9tJP¥3.2t12.4x16.8x0.7x
Tue, 19 Dec 2023JP¥51.2tJP¥81.8tJP¥3.2t11.9x16.1x0.6x
Thu, 16 Nov 2023JP¥51.4tJP¥81.8tJP¥3.2t12x16.2x0.6x
Sat, 14 Oct 2023JP¥49.0tJP¥82.2tJP¥3.3t12x14.9x0.6x
Mon, 11 Sep 2023JP¥50.7tJP¥82.2tJP¥3.3t12x15.4x0.6x
Wed, 09 Aug 2023JP¥49.5tJP¥82.3tJP¥3.4t11.7x14.7x0.6x
Fri, 07 Jul 2023JP¥48.8tJP¥82.3tJP¥3.7t11.1x13.1x0.6x
Sun, 04 Jun 2023JP¥45.9tJP¥82.3tJP¥3.7t10.4x12.3x0.6x
Price to Earnings Ratio

12.3x


Total Market Cap: JP¥45.9tTotal Earnings: JP¥3.7tTotal Revenue: JP¥82.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Materials Sector Price to Earnings3Y Average 16.2x202420252026
Current Industry PE
  • Investors are optimistic on the Japanese Materials industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 21.5x which is higher than its 3-year average PE of 16.2x.
  • The industry is trading close to its 3-year average PS ratio of 0.66x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Materials industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

Which industries have driven the changes within the Japanese Materials sector?

JP Market3.59%
Materials6.89%
Chemicals7.46%
Metals and Mining6.77%
Basic Materials3.92%
Packaging0.39%
Paper and Forestry Products-1.49%
Industry PE
  • Investors are most optimistic about the Chemicals industry which is trading above its 3-year average PE ratio of 19.8x.
    • Analysts are expecting annual earnings growth of 14.2%, which is higher than its past year's earnings growth of 10.7% per year.
  • Investors are most pessimistic about the Basic Materials industry, which is trading below its 3-year average of 19.0x.
Forecasted Growth
  • Analysts are most optimistic on the Chemicals industry, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Packaging industry is expected to see its earnings grow by 3.3% 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
4063 Shin-Etsu ChemicalJP¥7.34k7.1%
+JP¥904.2b		57.9%PE28.7x
4004 Resonac HoldingsJP¥18.50k6.9%
+JP¥215.9b		482.1%PE94.4x
4091 Nippon Sanso HoldingsJP¥6.26k6.9%
+JP¥174.9b		23.5%PE21.9x
4188 Mitsubishi Chemical GroupJP¥1.12k11.3%
+JP¥153.5b		45.5%PS0.4x
5706 Mitsui Kinzoku CompanyJP¥48.75k4.5%
+JP¥119.0b		875.6%PE30.6x

Latest News

3402
JP¥1,133.00
Toray Industries
7D
4.4%
1Y
12.6%
Narrative Update • May 26

3402: Share Buybacks And 2028 Profitability Plan Will Support Future Upside

Analysts have adjusted their price target on Toray Industries to ¥1,279.55, reflecting updated assumptions that include a slightly lower discount rate, a higher expected revenue growth rate, a modestly reduced profit margin, and a lower future P/E multiple. What's in the News Toray Industries updated earning guidance for the 2028 financial year, planning revenue of ¥3t compared with a prior plan of ¥2.6t, and Core Operating Income of ¥230b compared with ¥150b, with a focus on both growth and Profitability Improvement (company guidance).
4188
JP¥1,116.50
Mitsubishi Chemical Group
7D
11.3%
1Y
45.5%
5401
JP¥563.60
Nippon Steel
7D
3.2%
1Y
-2.4%
5901
JP¥3,864.00
Toyo Seikan Group Holdings
7D
-11.0%
1Y
38.4%
4063
JP¥7,344.00
Shin-Etsu Chemical
7D
7.1%
1Y
57.9%
4091
JP¥6,256.00
Nippon Sanso Holdings
7D
6.9%
1Y
23.5%
Narrative Update • May 22

4091: Dividend And Leadership Changes Will Shape A Steady Earnings Outlook

Analysts have nudged their fair value estimate for Nippon Sanso Holdings to ¥5,887.50 from ¥5,650, citing slightly lower discount rate assumptions, a modest adjustment to revenue growth and P/E expectations, and a small uplift in forecast profit margin as key drivers of the change. What's in the News A board meeting on May 13, 2026 is set to consider submitting a proposal for a new performance linked stock based remuneration plan, the Board Benefit Trust, to the 22nd Ordinary General Meeting of Shareholders on June 17, 2026 (Key Developments).
5463
JP¥1,789.00
Maruichi Steel Tube
7D
-2.3%
1Y
54.7%
Analysis Article • May 20

Why Maruichi Steel Tube's (TSE:5463) Shaky Earnings Are Just The Beginning Of Its Problems

Despite Maruichi Steel Tube Ltd.'s ( TSE:5463 ) recent earnings report having lackluster headline numbers, the market...
5706
JP¥48,750.00
Mitsui Kinzoku Company
7D
4.5%
1Y
875.6%
Analysis Article • May 20

We Think Mitsui Kinzoku Company's (TSE:5706) Robust Earnings Are Conservative

Investors were underwhelmed by the solid earnings posted by Mitsui Kinzoku Company, Limited ( TSE:5706 ) recently. We...
5713
JP¥8,910.00
Sumitomo Metal Mining
7D
-3.1%
1Y
166.6%
4612
JP¥1,025.00
Nippon Paint Holdings
7D
-0.8%
1Y
-4.5%
Narrative Update • May 20

4612: Share Buybacks Will Support Higher Returns With Stable Profitability Outlook

Analysts have nudged their price target on Nippon Paint Holdings slightly lower, trimming fair value from about ¥1,235 to roughly ¥1,227 as they incorporate updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. What's in the News Nippon Paint Holdings reported that between January 1, 2026 and February 28, 2026, it repurchased 8,512,300 shares for ¥9,093.21 million, representing 0.37% of shares.
4005
JP¥587.10
Sumitomo Chemical Company
7D
-0.7%
1Y
73.1%
Narrative Update • May 19

4005: Planned Equity Issuance And Share Exchange Will Limit Future Upside

Analysts have kept their ¥460.0 price target on Sumitomo Chemical Company unchanged, reflecting updated assumptions around a lower discount rate, slightly positive revenue growth of about 0.09%, a small improvement in profit margin to around 3.52%, and a modestly higher future P/E of roughly 11.63x. What's in the News A board meeting is scheduled for May 13, 2026, with an agenda to consider implementing a share exchange (Key Developments).
4182
JP¥5,391.00
Mitsubishi Gas Chemical Company
7D
8.4%
1Y
148.5%
4004
JP¥18,500.00
Resonac Holdings
7D
6.9%
1Y
482.1%
Analysis Article • May 15

Earnings Update: Here's Why Analysts Just Lifted Their Resonac Holdings Corporation (TSE:4004) Price Target To JP¥14,243

It's been a good week for Resonac Holdings Corporation ( TSE:4004 ) shareholders, because the company has just released...
5857
JP¥3,265.00
ARE Holdings
7D
-4.7%
1Y
86.1%
Analysis Article • May 15

Bullish: Analysts Just Made A Notable Upgrade To Their ARE Holdings, Inc. (TSE:5857) Forecasts

Celebrations may be in order for ARE Holdings, Inc. ( TSE:5857 ) shareholders, with the analysts delivering a...
5016
JP¥3,900.00
JX Advanced Metals
7D
-0.7%
1Y
392.2%
Analysis Article • May 14

JX Advanced Metals Corporation Just Beat Revenue Estimates By 5.2%

Shareholders might have noticed that JX Advanced Metals Corporation ( TSE:5016 ) filed its annual result this time last...
4208
JP¥2,930.50
UBE
7D
-3.8%
1Y
29.1%