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Japanese (NIKKEI) Tech Sector Analysis

UpdatedNov 20, 2025
DataAggregated Company Financials
Companies674
  • 7D-2.8%
  • 3M21.2%
  • 1Y25.1%
  • YTD27.4%

Over the last 7 days, the Tech industry has dropped 5.2%, driven by Kioxia Holdings declining 13%. In the past year, the industry has gained 21%. Earnings are forecast to grow by 14% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 21 Nov 2025JP¥146.1tJP¥71.6tJP¥5.3t16.5x27.5x2x
Sun, 19 Oct 2025JP¥140.7tJP¥70.8tJP¥5.0t16.6x28.2x2x
Tue, 16 Sep 2025JP¥137.5tJP¥75.5tJP¥5.1t17.2x26.9x1.8x
Thu, 14 Aug 2025JP¥127.6tJP¥70.8tJP¥5.0t17.1x25.7x1.8x
Sat, 12 Jul 2025JP¥122.6tJP¥70.7tJP¥5.2t16.1x23.5x1.7x
Mon, 09 Jun 2025JP¥123.3tJP¥75.5tJP¥5.4t15.6x22.9x1.6x
Wed, 07 May 2025JP¥116.5tJP¥74.6tJP¥5.5t15.2x21.2x1.6x
Fri, 04 Apr 2025JP¥111.2tJP¥74.2tJP¥5.5t14.8x20.1x1.5x
Sun, 02 Mar 2025JP¥121.6tJP¥74.8tJP¥5.6t15.3x21.8x1.6x
Tue, 28 Jan 2025JP¥128.4tJP¥74.0tJP¥5.3t16.4x24.3x1.7x
Thu, 26 Dec 2024JP¥125.6tJP¥73.9tJP¥5.1t16.5x24.8x1.7x
Sat, 23 Nov 2024JP¥123.8tJP¥72.5tJP¥5.1t16.8x24.3x1.7x
Mon, 21 Oct 2024JP¥126.1tJP¥71.8tJP¥5.1t15.9x24.9x1.8x
Wed, 18 Sep 2024JP¥121.3tJP¥70.9tJP¥5.0t16.2x24.2x1.7x
Fri, 16 Aug 2024JP¥124.1tJP¥71.8tJP¥5.0t15.6x24.7x1.7x
Sun, 14 Jul 2024JP¥142.6tJP¥70.7tJP¥4.8t17.8x29.5x2x
Tue, 11 Jun 2024JP¥134.4tJP¥70.5tJP¥4.8t16.7x28x1.9x
Thu, 09 May 2024JP¥132.5tJP¥70.2tJP¥4.7t17.2x28.3x1.9x
Sat, 06 Apr 2024JP¥132.7tJP¥69.9tJP¥4.5t17.2x29.2x1.9x
Mon, 04 Mar 2024JP¥137.6tJP¥70.3tJP¥4.6t17.8x30.2x2x
Wed, 31 Jan 2024JP¥126.6tJP¥71.3tJP¥4.8t17.8x26.6x1.8x
Fri, 29 Dec 2023JP¥119.5tJP¥71.3tJP¥4.8t17x25.1x1.7x
Sun, 26 Nov 2023JP¥116.9tJP¥71.1tJP¥4.8t16.9x24.6x1.6x
Tue, 24 Oct 2023JP¥103.9tJP¥70.5tJP¥5.0t15.9x20.8x1.5x
Thu, 21 Sep 2023JP¥109.6tJP¥70.4tJP¥5.0t16.8x21.9x1.6x
Sat, 19 Aug 2023JP¥107.2tJP¥70.2tJP¥5.0t16.2x21.6x1.5x
Mon, 17 Jul 2023JP¥112.3tJP¥69.6tJP¥5.1t16.2x21.8x1.6x
Wed, 14 Jun 2023JP¥114.4tJP¥69.6tJP¥5.1t16.4x22.2x1.6x
Fri, 12 May 2023JP¥100.4tJP¥68.6tJP¥5.3t15.6x19.1x1.5x
Sun, 09 Apr 2023JP¥94.6tJP¥67.7tJP¥5.3t15x17.9x1.4x
Tue, 07 Mar 2023JP¥98.0tJP¥68.5tJP¥5.4t15.4x18.3x1.4x
Thu, 02 Feb 2023JP¥95.3tJP¥67.2tJP¥5.4t15.3x17.6x1.4x
Sat, 31 Dec 2022JP¥87.7tJP¥66.3tJP¥5.4t14.6x16.2x1.3x
Mon, 28 Nov 2022JP¥99.1tJP¥66.2tJP¥5.4t15.4x18.3x1.5x
Price to Earnings Ratio

18.3x


Total Market Cap: JP¥99.1tTotal Earnings: JP¥5.4tTotal Revenue: JP¥66.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Tech Sector Price to Earnings3Y Average 23.7x202320242025
Current Industry PE
  • Investors are optimistic on the Japanese Information Technology industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 27.5x which is higher than its 3-year average PE of 23.7x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.0x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 2.6% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased and as a result, profits have held steady.

Industry Trends

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

JP Market-2.37%
Tech-2.83%
Communications-0.57%
IT-1.08%
Tech Hardware-2.45%
Electronic Equipment and Components-2.65%
Semiconductors-3.85%
Software-4.08%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 23.5x.
    • Analysts are expecting annual earnings growth of 17.7%, which is higher than its past year's earnings growth of 8.3% per year.
  • Investors are most pessimistic about the Communications industry, which is trading below its 3-year average of 25.8x.
Forecasted Growth
  • Analysts are most optimistic on the Software industry, expecting annual earnings growth of 18% over the next 5 years.
  • However this is lower than its past earnings growth rate of 22% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 8.0% 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
4684 OBICLtdJP¥5.19k3.8%
+JP¥83.5b		7.5%PE32.6x
6701 NECJP¥6.02k0.7%
+JP¥57.3b		145.5%PE34.2x
4307 Nomura Research InstituteJP¥6.42k1.5%
+JP¥52.7b		46.0%PE36.2x
4768 OtsukaJP¥3.11k3.8%
+JP¥43.2b		-16.0%PE18.6x
6841 Yokogawa ElectricJP¥4.86k2.8%
+JP¥33.9b		36.8%PE21.7x

Latest News

6857
JP¥18,530.00
Advantest
7D
-5.1%
1Y
96.1%
6841
JP¥4,862.00
Yokogawa Electric
7D
2.8%
1Y
36.8%
4062
JP¥11,310.00
IbidenLtd
7D
-9.3%
1Y
131.4%
8056
JP¥6,128.00
BIPROGY
7D
4.8%
1Y
41.9%
6723
JP¥1,798.50
Renesas Electronics
7D
-7.1%
1Y
-10.6%

6723: Timing Unit Sale Exploration Will Drive Significant Upside Ahead

Analysts have maintained their price target for Renesas Electronics at ¥2,417, citing only minor adjustments in the discount rate, revenue growth, and profit margin forecasts. What's in the News Renesas Electronics is exploring the potential sale of its timing division in a deal that could value the business close to $2 billion, with Texas Instruments and Infineon named as potential buyers (Reuters).
4768
JP¥3,114.00
Otsuka
7D
3.8%
1Y
-16.0%

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Nov 18
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6856
JP¥13,710.00
HORIBA
7D
5.1%
1Y
65.7%

HORIBA, Ltd. Just Beat EPS By 18%: Here's What Analysts Think Will Happen Next

Nov 18
HORIBA, Ltd. Just Beat EPS By 18%: Here's What Analysts Think Will Happen Next
6701
JP¥6,023.00
NEC
7D
0.7%
1Y
145.5%

6701: Earnings Outlook and Acquisition Activity Will Shape Market Direction

Analysts have raised their price target for NEC from ¥5,000 to ¥5,445. They cite improvements in revenue growth and profit margin expectations as key factors supporting the upward revision.
6762
JP¥2,430.50
TDK
7D
-4.1%
1Y
29.6%

6762: Board Decisions And Battery Agreement Will Shape Outlook Amid New Guidance

Analysts have raised their price target for TDK from ¥2,419.41 to ¥2,437.06. They cite improved revenue growth forecasts and slightly higher profit margin expectations.
4704
JP¥7,913.00
Trend Micro
7D
2.4%
1Y
-1.4%

4704: Expanded AI Offerings And New Partnerships Will Drive Profits Higher

Analysts have modestly raised their price target for Trend Micro to ¥9,250. This change reflects improved expectations for both revenue growth and profit margins.
8035
JP¥30,400.00
Tokyo Electron
7D
-4.6%
1Y
36.6%

8035: Updated Dividend and Legal Risks Will Shape the Outlook

Analysts have raised their price target for Tokyo Electron from ¥29,351 to ¥33,307, citing improved revenue growth projections and marginally higher profit margins as key factors supporting the upward revision. What's in the News Tokyo Electron is reportedly involved in a case in which three individuals were indicted in Taiwan for allegedly stealing chip technology from TSMC to support its business efforts (Wall Street Journal).
6920
JP¥26,640.00
Lasertec
7D
-5.2%
1Y
54.2%

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Nov 08
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6146
JP¥43,940.00
Disco
7D
-7.1%
1Y
3.2%

There May Be Underlying Issues With The Quality Of Disco's (TSE:6146) Earnings

Nov 06
There May Be Underlying Issues With The Quality Of Disco's (TSE:6146) Earnings
4307
JP¥6,422.00
Nomura Research Institute
7D
1.5%
1Y
46.0%

4307: Financial Platform Momentum And Margin Gains Will Drive Balanced Outlook

Analysts have modestly raised their price target for Nomura Research Institute from ¥6,059 to ¥6,143, citing improved profit margins and renewed growth in the company's financial platform services. Analyst Commentary Recent analyst updates reflect a nuanced perspective on Nomura Research Institute's outlook amid ongoing changes in its business segments.
4684
JP¥5,188.00
OBICLtd
7D
3.8%
1Y
7.5%
6861
JP¥54,370.00
Keyence
7D
-2.3%
1Y
-17.2%

Here's What Analysts Are Forecasting For Keyence Corporation (TSE:6861) After Its Half-Year Results

Nov 01
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