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Japanese (NIKKEI) Tech Sector Analysis

UpdatedJan 31, 2026
DataAggregated Company Financials
Companies673
  • 7D-1.0%
  • 3M7.4%
  • 1Y38.8%
  • YTD7.0%

In the last week, the Tech industry is down 1.0% with NEC down the most at 11%. In contrast, Kioxia Holdings has gained 23%. Over the past 12 months, the industry was up 39%. As for the next few years, earnings are expected to grow by 15% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 01 Feb 2026JP¥168.9tJP¥72.1tJP¥5.6t17.2x30.2x2.3x
Tue, 30 Dec 2025JP¥153.7tJP¥71.7tJP¥5.3t17.3x28.9x2.1x
Thu, 27 Nov 2025JP¥148.3tJP¥71.6tJP¥5.3t17x27.9x2.1x
Sat, 25 Oct 2025JP¥147.1tJP¥70.7tJP¥5.0t17.2x29.5x2.1x
Mon, 22 Sep 2025JP¥141.3tJP¥75.5tJP¥5.1t17.3x27.6x1.9x
Wed, 20 Aug 2025JP¥132.6tJP¥75.4tJP¥5.1t16.9x25.9x1.8x
Fri, 18 Jul 2025JP¥124.9tJP¥70.7tJP¥5.2t16.2x24x1.8x
Sun, 15 Jun 2025JP¥123.7tJP¥75.3tJP¥5.4t15.8x23.1x1.6x
Tue, 13 May 2025JP¥124.2tJP¥74.9tJP¥5.5t15.6x22.6x1.7x
Thu, 10 Apr 2025JP¥99.4tJP¥74.2tJP¥5.6t13.6x17.9x1.3x
Sat, 08 Mar 2025JP¥120.8tJP¥74.8tJP¥5.6t15.7x21.7x1.6x
Mon, 03 Feb 2025JP¥129.6tJP¥74.3tJP¥5.4t16.6x24.1x1.7x
Wed, 01 Jan 2025JP¥127.6tJP¥73.9tJP¥5.1t16.7x25.2x1.7x
Fri, 29 Nov 2024JP¥123.5tJP¥72.5tJP¥5.1t16.7x24x1.7x
Sun, 27 Oct 2024JP¥123.0tJP¥71.8tJP¥5.1t15.4x24.3x1.7x
Tue, 24 Sep 2024JP¥125.2tJP¥71.8tJP¥5.1t16.3x24.8x1.7x
Thu, 22 Aug 2024JP¥128.7tJP¥71.9tJP¥5.1t16.2x25.5x1.8x
Sat, 20 Jul 2024JP¥138.0tJP¥70.7tJP¥4.8t17.7x28.6x2x
Mon, 17 Jun 2024JP¥135.4tJP¥70.5tJP¥4.8t16.8x28.2x1.9x
Wed, 15 May 2024JP¥131.7tJP¥70.4tJP¥4.7t17.1x28.1x1.9x
Fri, 12 Apr 2024JP¥134.9tJP¥69.9tJP¥4.5t17.6x29.7x1.9x
Sun, 10 Mar 2024JP¥137.8tJP¥70.3tJP¥4.6t18x30.2x2x
Tue, 06 Feb 2024JP¥126.8tJP¥70.3tJP¥4.6t17.6x27.5x1.8x
Thu, 04 Jan 2024JP¥119.2tJP¥71.3tJP¥4.8t17x25x1.7x
Sat, 02 Dec 2023JP¥117.3tJP¥71.1tJP¥4.8t17.2x24.7x1.6x
Mon, 30 Oct 2023JP¥103.9tJP¥70.7tJP¥5.0t16.1x21x1.5x
Wed, 27 Sep 2023JP¥107.7tJP¥70.4tJP¥5.0t16.7x21.6x1.5x
Fri, 25 Aug 2023JP¥110.7tJP¥70.4tJP¥5.0t16.6x22.1x1.6x
Sun, 23 Jul 2023JP¥110.8tJP¥69.7tJP¥5.1t16.5x21.5x1.6x
Tue, 20 Jun 2023JP¥115.1tJP¥69.6tJP¥5.1t16.8x22.4x1.7x
Thu, 18 May 2023JP¥103.6tJP¥69.4tJP¥5.2t15.7x19.8x1.5x
Sat, 15 Apr 2023JP¥97.1tJP¥67.7tJP¥5.3t15.2x18.4x1.4x
Mon, 13 Mar 2023JP¥97.7tJP¥68.5tJP¥5.4t15.6x18.2x1.4x
Wed, 08 Feb 2023JP¥96.1tJP¥67.4tJP¥5.4t15.2x17.9x1.4x
Price to Earnings Ratio

17.9x


Total Market Cap: JP¥96.1tTotal Earnings: JP¥5.4tTotal Revenue: JP¥67.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Tech Sector Price to Earnings3Y Average 24.5x202420252026
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 30.2x which is higher than its 3-year average PE of 24.5x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.3x.
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 2.3% 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-1.66%
Tech-1.02%
Semiconductors4.31%
Communications-1.62%
Tech Hardware-2.52%
Electronic Equipment and Components-3.55%
Software-5.64%
IT-7.38%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 25.3x.
    • Analysts are expecting annual earnings growth of 20.8%, which is higher than its past year's earnings growth of 7.4% per year.
  • Investors are most pessimistic about the Tech Hardware industry, which is trading below its 3-year average of 18.1x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 21% over the next 5 years.
  • This is better than its past earnings growth rate of 7.4% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 7.4% 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
285A Kioxia HoldingsJP¥21.36k23.2%
+JP¥2.2t		1,082.1%PE74.9x
6857 AdvantestJP¥25.51k8.4%
+JP¥1.4t		194.5%PE64.2x
6723 Renesas ElectronicsJP¥2.58k2.5%
+JP¥113.3b		22.2%PS3.7x
6787 Meiko ElectronicsJP¥12.71k23.6%
+JP¥62.4b		39.7%PE18.5x
7751 CanonJP¥4.69k0.9%
+JP¥36.9b		-6.6%PE12.4x

Latest News

285A
JP¥21,360.00
Kioxia Holdings
7D
23.2%
1Y
1,082.1%
7735
JP¥19,660.00
SCREEN Holdings
7D
0.7%
1Y
80.0%
6857
JP¥25,505.00
Advantest
7D
8.4%
1Y
194.5%

Advantest Corporation Just Recorded A 61% EPS Beat: Here's What Analysts Are Forecasting Next

Jan 31
Advantest Corporation Just Recorded A 61% EPS Beat: Here's What Analysts Are Forecasting Next
8035
JP¥41,310.00
Tokyo Electron
7D
-1.0%
1Y
57.6%

Tokyo Electron (TSE:8035) Might Become A Compounding Machine

Jan 30
Tokyo Electron (TSE:8035) Might Become A Compounding Machine
4307
JP¥4,701.00
Nomura Research Institute
7D
-20.7%
1Y
-11.2%
6861
JP¥56,440.00
Keyence
7D
-5.1%
1Y
-16.1%
6701
JP¥5,210.00
NEC
7D
-10.7%
1Y
67.8%
6702
JP¥4,283.00
Fujitsu
7D
-2.2%
1Y
41.9%
7751
JP¥4,685.00
Canon
7D
0.9%
1Y
-6.6%
6146
JP¥66,190.00
Disco
7D
-2.6%
1Y
47.9%
6787
JP¥12,710.00
Meiko Electronics
7D
23.6%
1Y
39.7%
7729
JP¥13,950.00
Tokyo Seimitsu
7D
2.6%
1Y
87.3%

Investors Still Waiting For A Pull Back In Tokyo Seimitsu Co., Ltd. (TSE:7729)

Jan 25
Investors Still Waiting For A Pull Back In Tokyo Seimitsu Co., Ltd. (TSE:7729)
6723
JP¥2,576.00
Renesas Electronics
7D
2.5%
1Y
22.2%

6723: Future Margin Pressure From New Auto And IoT Platforms Will Persist

Analysts have trimmed their fair value estimate for Renesas Electronics from ¥2,000 to ¥1,950, reflecting updated assumptions for higher revenue growth, a lower profit margin, a slightly higher discount rate, and a higher future P/E multiple. What's in the News Renesas is expanding its software defined vehicle offering around the fifth generation R Car family, introducing the R Car X5H automotive SoC manufactured on a 3nm process and designed to run ADAS, in vehicle infotainment and gateway functions on a single chip, with reported power consumption up to 35% lower than previous 5nm solutions.
6707
JP¥7,327.00
Sanken Electric
7D
5.3%
1Y
19.2%
4901
JP¥3,087.00
FUJIFILM Holdings
7D
-4.7%
1Y
-10.4%
6981
JP¥3,136.00
Murata Manufacturing
7D
-5.9%
1Y
27.0%