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Japanese (NIKKEI) Industrial Gases Industry Analysis

UpdatedMay 24, 2026
DataAggregated Company Financials
Companies4
  • 7D3.0%
  • 3M8.7%
  • 1Y25.0%
  • YTDn/a

In the last week, the Industrial Gases industry is up 3.0%, with Air Water up 13%. In the last 12 months, the industry was up 25%. Looking forward, earnings are forecast to grow by 12% annually.

Industry Valuation and Performance

Has the Japanese Industrial Gases Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 24 May 2026JP¥3.3tJP¥2.6tJP¥137.6b17.2x24.3x1.3x
Tue, 21 Apr 2026JP¥3.1tJP¥2.6tJP¥127.7b18.1x24.2x1.2x
Thu, 19 Mar 2026JP¥3.3tJP¥2.6tJP¥127.7b19.4x25.9x1.3x
Sat, 14 Feb 2026JP¥3.0tJP¥2.6tJP¥170.9b12.5x17.5x1.2x
Mon, 12 Jan 2026JP¥2.7tJP¥2.5tJP¥163.4b12.3x16.7x1.1x
Wed, 10 Dec 2025JP¥2.6tJP¥2.5tJP¥163.4b11.5x15.9x1x
Fri, 07 Nov 2025JP¥2.7tJP¥2.5tJP¥163.3b11.3x16.5x1.1x
Sun, 05 Oct 2025JP¥2.9tJP¥2.5tJP¥154.3b11.9x18.5x1.1x
Tue, 02 Sep 2025JP¥3.0tJP¥2.5tJP¥154.3b12.3x19.4x1.2x
Thu, 31 Jul 2025JP¥3.1tJP¥2.5tJP¥153.9b11.5x19.9x1.2x
Sat, 28 Jun 2025JP¥2.9tJP¥2.5tJP¥153.9b11.1x18.9x1.2x
Mon, 26 May 2025JP¥2.7tJP¥2.5tJP¥154.2b9.3x17.4x1.1x
Wed, 23 Apr 2025JP¥2.5tJP¥2.5tJP¥164.7b9.6x15x1x
Fri, 21 Mar 2025JP¥2.6tJP¥2.5tJP¥164.4b10.3x15.9x1x
Sun, 16 Feb 2025JP¥2.4tJP¥2.5tJP¥164.0b10.2x14.7x1x
Tue, 14 Jan 2025JP¥2.3tJP¥2.5tJP¥159.6b9.7x14.6x0.9x
Thu, 12 Dec 2024JP¥2.4tJP¥2.5tJP¥159.6b9.8x14.9x1x
Sat, 09 Nov 2024JP¥2.6tJP¥2.5tJP¥159.3b10.3x16.2x1x
Mon, 07 Oct 2024JP¥2.8tJP¥2.4tJP¥163.2b10.2x17.2x1.1x
Wed, 04 Sep 2024JP¥2.7tJP¥2.4tJP¥163.2b10.4x16.8x1.1x
Fri, 02 Aug 2024JP¥2.6tJP¥2.4tJP¥160.7b11.3x16.2x1.1x
Sun, 30 Jun 2024JP¥2.6tJP¥2.4tJP¥156.2b11.6x16.8x1.1x
Tue, 28 May 2024JP¥2.5tJP¥2.4tJP¥156.2b11.3x16.2x1x
Thu, 25 Apr 2024JP¥2.5tJP¥2.4tJP¥145.0b11.1x17.4x1.1x
Sat, 23 Mar 2024JP¥2.7tJP¥2.4tJP¥145.0b11.6x18.8x1.1x
Mon, 19 Feb 2024JP¥2.4tJP¥2.4tJP¥145.0b10.8x16.3x1x
Wed, 17 Jan 2024JP¥2.2tJP¥2.4tJP¥133.3b11.7x16.2x0.9x
Fri, 15 Dec 2023JP¥2.1tJP¥2.4tJP¥133.3b12.4x16.1x0.9x
Sun, 12 Nov 2023JP¥2.2tJP¥2.4tJP¥133.2b10.9x16.6x0.9x
Tue, 10 Oct 2023JP¥2.0tJP¥2.4tJP¥125.1b10.7x15.9x0.8x
Thu, 07 Sep 2023JP¥2.0tJP¥2.4tJP¥125.1b10.8x16x0.8x
Sat, 05 Aug 2023JP¥1.9tJP¥2.4tJP¥124.9b10.6x15.1x0.8x
Mon, 03 Jul 2023JP¥1.9tJP¥2.3tJP¥118.6b11.2x15.6x0.8x
Wed, 31 May 2023JP¥1.7tJP¥2.3tJP¥118.6b10.4x14.6x0.7x
Price to Earnings Ratio

14.6x


Total Market Cap: JP¥1.7tTotal Earnings: JP¥118.6bTotal Revenue: JP¥2.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Industrial Gases Industry Price to Earnings3Y Average 17.3x202420252026
Current Industry PE
  • Investors are optimistic on the Japanese Industrial Gases industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 24.3x which is higher than its 3-year average PE of 17.2x.
  • The 3-year average PS ratio of 1.0x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • The earnings for companies in the Industrial Gases industry have grown 5.1% per year over the last three years.
  • Revenues for these companies have grown 3.4% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Japanese Industrial Gases compare with similar industries?

JP Market1.18%
Materials-0.21%
Chemicals0.85%
Industrial Gases3.03%
Diversified Chemicals3.03%
Specialty Chemicals0.87%
Commodity Chemicals-1.65%
Fertilizers and Agricultural Chemicals-1.69%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
4088 Air WaterJP¥2.58k13.0%
+JP¥67.8b		29.9%PE76.3x
4091 Nippon Sanso HoldingsJP¥6.19k1.2%
+JP¥32.9b		24.7%PE21.6x

Latest News

4088
JP¥2,579.00
Air Water
7D
13.0%
1Y
29.9%
4091
JP¥6,192.00
Nippon Sanso Holdings
7D
1.2%
1Y
24.7%
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).
4097
JP¥1,076.00
Koatsu Gas Kogyo
7D
-3.9%
1Y
3.1%
4093
JP¥381.00
Toho Acetylene
7D
-0.5%
1Y
10.1%