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Japanese (NIKKEI) Materials Sector Analysis

UpdatedFeb 26, 2026
DataAggregated Company Financials
Companies283
  • 7D3.9%
  • 3M30.1%
  • 1Y48.6%
  • YTD23.8%

In the last week, the Materials industry is up 3.9%, with JX Advanced Metals leading the way, up 28%. Meanwhile, Nippon Steel actually underperformed within the industry, shrinking 8.8% in the last week. This means that the industry has gained 49% over the past year. As for the next few years, earnings are expected to grow by 14% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Feb 2026JP¥74.4tJP¥82.7tJP¥3.3t14x22.6x0.9x
Sat, 24 Jan 2026JP¥66.0tJP¥82.0tJP¥3.1t12.9x21.2x0.8x
Mon, 22 Dec 2025JP¥58.1tJP¥82.0tJP¥3.1t12x18.6x0.7x
Wed, 19 Nov 2025JP¥55.0tJP¥82.0tJP¥3.1t11.6x17.6x0.7x
Fri, 17 Oct 2025JP¥55.9tJP¥82.4tJP¥3.0t12.2x18.7x0.7x
Sun, 14 Sep 2025JP¥55.3tJP¥82.4tJP¥3.0t12.5x18.5x0.7x
Tue, 12 Aug 2025JP¥52.5tJP¥82.5tJP¥3.0t11.8x17.6x0.6x
Thu, 10 Jul 2025JP¥50.4tJP¥83.2tJP¥3.6t10.6x14.1x0.6x
Sat, 07 Jun 2025JP¥48.4tJP¥83.2tJP¥3.6t10.2x13.5x0.6x
Mon, 05 May 2025JP¥47.7tJP¥83.7tJP¥3.7t10.3x13x0.6x
Wed, 02 Apr 2025JP¥48.7tJP¥83.9tJP¥3.7t10.4x13.3x0.6x
Fri, 28 Feb 2025JP¥49.5tJP¥82.4tJP¥3.6t10.7x13.9x0.6x
Sun, 26 Jan 2025JP¥50.2tJP¥81.8tJP¥3.4t11x14.7x0.6x
Tue, 24 Dec 2024JP¥49.7tJP¥81.8tJP¥3.4t10.9x14.5x0.6x
Thu, 21 Nov 2024JP¥50.9tJP¥81.8tJP¥3.4t11.1x14.8x0.6x
Sat, 19 Oct 2024JP¥52.4tJP¥81.1tJP¥3.6t10.8x14.4x0.6x
Mon, 16 Sep 2024JP¥50.3tJP¥81.1tJP¥3.6t10.5x13.8x0.6x
Wed, 14 Aug 2024JP¥50.7tJP¥80.8tJP¥3.6t10.4x14.2x0.6x
Fri, 12 Jul 2024JP¥56.6tJP¥80.0tJP¥3.5t11.8x16.3x0.7x
Sun, 09 Jun 2024JP¥54.9tJP¥80.4tJP¥3.5t11.3x15.8x0.7x
Tue, 07 May 2024JP¥55.1tJP¥80.0tJP¥3.3t12.1x16.5x0.7x
Thu, 04 Apr 2024JP¥55.8tJP¥80.1tJP¥3.3t12.3x16.7x0.7x
Sat, 02 Mar 2024JP¥56.2tJP¥80.0tJP¥3.3t12.2x16.9x0.7x
Mon, 29 Jan 2024JP¥53.7tJP¥81.7tJP¥3.1t12.6x17.3x0.7x
Wed, 27 Dec 2023JP¥52.0tJP¥81.8tJP¥3.2t12x16.4x0.6x
Fri, 24 Nov 2023JP¥52.2tJP¥81.8tJP¥3.2t12.2x16.4x0.6x
Sun, 22 Oct 2023JP¥47.9tJP¥82.2tJP¥3.3t11.9x14.6x0.6x
Tue, 19 Sep 2023JP¥51.8tJP¥82.2tJP¥3.3t12.3x15.7x0.6x
Thu, 17 Aug 2023JP¥48.7tJP¥82.2tJP¥3.3t11.4x14.8x0.6x
Sat, 15 Jul 2023JP¥48.1tJP¥82.3tJP¥3.7t11.1x12.9x0.6x
Mon, 12 Jun 2023JP¥47.3tJP¥82.3tJP¥3.7t10.7x12.7x0.6x
Wed, 10 May 2023JP¥45.8tJP¥81.6tJP¥4.2t10.2x11x0.6x
Fri, 07 Apr 2023JP¥43.7tJP¥81.3tJP¥4.3t9.8x10.2x0.5x
Sun, 05 Mar 2023JP¥45.5tJP¥81.3tJP¥4.3t9.9x10.6x0.6x
Price to Earnings Ratio

10.6x


Total Market Cap: JP¥45.5tTotal Earnings: JP¥4.3tTotal Revenue: JP¥81.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Materials Sector Price to Earnings3Y Average 15.3x202420252026
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 22.6x which is higher than its 3-year average PE of 15.3x.
  • The industry is trading close to its 3-year average PS ratio of 0.64x.
Past Earnings Growth
  • The earnings for companies in the Materials industry have declined 8.3% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

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

JP Market1.00%
Materials3.94%
Metals and Mining8.59%
Chemicals2.40%
Packaging0.60%
Basic Materials0.24%
Paper and Forestry Products0.17%
Industry PE
  • Investors are most optimistic about the Metals and Mining industry which is trading above its 3-year average PE ratio of 10.6x.
    • Analysts are expecting annual earnings growth of 16.2%, which is higher than its past year's earnings decline of 3.2% per year.
  • Investors are most pessimistic about the Basic Materials industry, which is trading below its 3-year average of 22.0x.
Forecasted Growth
  • Analysts are most optimistic on the Paper and Forestry Products industry, expecting annual earnings growth of 26% over the next 5 years.
  • This is better than its past earnings decline of 16% per year.
  • In contrast, the Packaging industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
5016 JX Advanced MetalsJP¥4.11k21.3%
+JP¥668.7b		n/aPE37.4x
4063 Shin-Etsu ChemicalJP¥5.97k3.9%
+JP¥413.8b		28.9%PE22.8x
5706 Mitsui Kinzoku CompanyJP¥36.31k22.4%
+JP¥379.6b		737.4%PE33.7x
5713 Sumitomo Metal MiningJP¥11.30k13.9%
+JP¥372.0b		234.9%PE32.2x
4004 Resonac HoldingsJP¥11.35k4.5%
+JP¥88.7b		218.2%PE70.7x

Latest News

5233
JP¥4,457.00
Taiheiyo Cement
7D
-5.2%
1Y
10.9%
4005
JP¥552.60
Sumitomo Chemical Company
7D
-6.6%
1Y
55.8%
4626
JP¥5,286.00
Taiyo Holdings
7D
-12.2%
1Y
162.0%
5713
JP¥11,300.00
Sumitomo Metal Mining
7D
13.9%
1Y
234.9%
5406
JP¥2,209.50
Kobe Steel
7D
-3.2%
1Y
23.4%
4004
JP¥11,350.00
Resonac Holdings
7D
4.5%
1Y
218.2%
4091
JP¥5,860.00
Nippon Sanso Holdings
7D
2.5%
1Y
28.7%

4091: Higher Earnings Guidance Will Support A Steady Profitability Outlook

Analysts have nudged their fair value estimate for Nippon Sanso Holdings to ¥5,500 from ¥5,332, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E levels. What's in the News Nippon Sanso Holdings raised its revenue guidance for the fiscal year ending March 31, 2026 to ¥1,330,000m from ¥1,290,000m, reflecting updated expectations for group sales under current currency and pricing conditions (Key Developments).
5706
JP¥36,310.00
Mitsui Kinzoku Company
7D
22.4%
1Y
737.4%
4612
JP¥1,144.50
Nippon Paint Holdings
7D
-4.9%
1Y
4.0%

4612: Buybacks And M&A Will Support Modest Returns With Balanced Risks

Analysts have nudged their price target for Nippon Paint Holdings up from ¥1,240 to about ¥1,255, citing updated assumptions that include a slightly lower discount rate, a modest adjustment to revenue growth, a small uplift in profit margin, and a reduced future P/E multiple. What's in the News Nippon Paint Holdings issued consolidated earnings guidance for the fiscal year ending December 31, 2026, with expected revenue of ¥1.92b, operating profit of ¥283,000 million, profit attributable to owners of parent of ¥198,000 million, and basic EPS of ¥85.34 (company guidance).
5016
JP¥4,111.00
JX Advanced Metals
7D
21.3%
1Y
n/a
5711
JP¥5,537.00
Mitsubishi Materials
7D
5.2%
1Y
129.2%

Results: Mitsubishi Materials Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates

Feb 14
Results: Mitsubishi Materials Corporation Exceeded Expectations And The Consensus Has Updated Its Estimates
4107
JP¥6,400.00
ISE Chemicals
7D
-11.7%
1Y
160.3%

ISE Chemicals Corporation's (TSE:4107) 43% Jump Shows Its Popularity With Investors

Feb 12
ISE Chemicals Corporation's (TSE:4107) 43% Jump Shows Its Popularity With Investors
4021
JP¥7,065.00
Nissan Chemical
7D
4.2%
1Y
62.3%

Nissan Chemical Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year

Feb 12
Nissan Chemical Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year
5401
JP¥626.80
Nippon Steel
7D
-8.8%
1Y
-7.1%

Nippon Steel (TSE:5401) Is Paying Out Less In Dividends Than Last Year

Feb 11
Nippon Steel (TSE:5401) Is Paying Out Less In Dividends Than Last Year
5411
JP¥2,156.50
JFE Holdings
7D
-4.7%
1Y
14.3%
4063
JP¥5,968.00
Shin-Etsu Chemical
7D
3.9%
1Y
28.9%

Shin-Etsu Chemical Co., Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year

Jan 30
Shin-Etsu Chemical Co., Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year