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Japanese (NIKKEI) Tech Sector Analysis

UpdatedNov 14, 2025
DataAggregated Company Financials
Companies675
  • 7D-0.3%
  • 3M20.3%
  • 1Y23.9%
  • YTD27.4%

Last week, the Tech industry hasn't moved much but NEC is up 9.1% in that time. The past year has been better, since the industry has gained 24% in that time. As for the next few years, earnings are expected to grow by 13% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 16 Nov 2025JP¥155.1tJP¥71.6tJP¥5.3t17.3x29x2.2x
Tue, 14 Oct 2025JP¥142.2tJP¥70.6tJP¥5.0t16.9x28.6x2x
Thu, 11 Sep 2025JP¥134.3tJP¥75.5tJP¥5.1t17.2x26.2x1.8x
Sat, 09 Aug 2025JP¥124.7tJP¥71.0tJP¥4.9t16.9x25.2x1.8x
Mon, 07 Jul 2025JP¥123.2tJP¥70.7tJP¥5.2t16x23.7x1.7x
Wed, 04 Jun 2025JP¥122.3tJP¥75.5tJP¥5.4t15.7x22.8x1.6x
Fri, 02 May 2025JP¥116.1tJP¥74.6tJP¥5.5t15.1x21.2x1.6x
Sun, 30 Mar 2025JP¥120.0tJP¥74.2tJP¥5.5t15.8x21.6x1.6x
Tue, 25 Feb 2025JP¥129.2tJP¥74.8tJP¥5.6t15.4x23.2x1.7x
Thu, 23 Jan 2025JP¥129.8tJP¥74.1tJP¥5.3t16.4x24.7x1.8x
Sat, 21 Dec 2024JP¥125.1tJP¥73.9tJP¥5.1t16.4x24.7x1.7x
Mon, 18 Nov 2024JP¥124.6tJP¥72.5tJP¥5.1t16.3x24.5x1.7x
Wed, 16 Oct 2024JP¥130.9tJP¥71.7tJP¥5.1t16.5x25.9x1.8x
Fri, 13 Sep 2024JP¥123.4tJP¥71.8tJP¥5.1t16.4x24.4x1.7x
Sun, 11 Aug 2024JP¥117.5tJP¥71.7tJP¥5.0t14.9x23.5x1.6x
Tue, 09 Jul 2024JP¥142.3tJP¥70.7tJP¥4.8t17.5x29.5x2x
Thu, 06 Jun 2024JP¥131.9tJP¥70.5tJP¥4.8t16.6x27.4x1.9x
Sat, 04 May 2024JP¥130.7tJP¥70.2tJP¥4.7t17x27.7x1.9x
Mon, 01 Apr 2024JP¥138.0tJP¥69.9tJP¥4.5t18.3x30.4x2x
Wed, 28 Feb 2024JP¥135.7tJP¥70.3tJP¥4.6t17.9x29.8x1.9x
Fri, 26 Jan 2024JP¥128.1tJP¥71.3tJP¥4.8t17.8x26.9x1.8x
Sun, 24 Dec 2023JP¥117.5tJP¥71.3tJP¥4.8t16.6x24.7x1.6x
Tue, 21 Nov 2023JP¥115.5tJP¥71.1tJP¥4.8t16.7x24.3x1.6x
Thu, 19 Oct 2023JP¥108.0tJP¥70.5tJP¥5.0t16.1x21.6x1.5x
Sat, 16 Sep 2023JP¥110.5tJP¥70.4tJP¥5.0t17x22.1x1.6x
Mon, 14 Aug 2023JP¥109.3tJP¥70.2tJP¥5.0t16.5x22x1.6x
Wed, 12 Jul 2023JP¥111.2tJP¥69.6tJP¥5.1t16.3x21.6x1.6x
Fri, 09 Jun 2023JP¥109.1tJP¥69.6tJP¥5.1t15.8x21.2x1.6x
Sun, 07 May 2023JP¥99.4tJP¥68.3tJP¥5.3t15.5x18.9x1.5x
Tue, 04 Apr 2023JP¥98.2tJP¥67.7tJP¥5.3t15.4x18.6x1.4x
Thu, 02 Mar 2023JP¥96.2tJP¥68.5tJP¥5.4t15.4x18x1.4x
Sat, 28 Jan 2023JP¥95.5tJP¥66.3tJP¥5.4t15x17.7x1.4x
Mon, 26 Dec 2022JP¥88.2tJP¥66.3tJP¥5.4t14.4x16.3x1.3x
Wed, 23 Nov 2022JP¥97.7tJP¥66.2tJP¥5.4t15.1x18.1x1.5x
Price to Earnings Ratio

18.1x


Total Market Cap: JP¥97.7tTotal Earnings: JP¥5.4tTotal Revenue: JP¥66.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Tech Sector Price to Earnings3Y Average 23.6x202320242025
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 29.0x which is higher than its 3-year average PE of 23.6x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.2x.
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 Market1.71%
Tech-0.25%
IT4.39%
Tech Hardware1.99%
Electronic Equipment and Components0.91%
Software0.35%
Communications-4.11%
Semiconductors-4.32%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 23.4x.
    • Analysts are expecting annual earnings growth of 17.0%, which is higher than its past year's earnings decline of 8.0% 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 23% 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
6701 NECJP¥5.98k9.1%
+JP¥662.6b		134.9%PE34x
6702 FujitsuJP¥4.17k4.3%
+JP¥303.6b		47.8%PE26.6x
4307 Nomura Research InstituteJP¥6.33k5.4%
+JP¥187.5b		38.2%PE35.7x
6723 Renesas ElectronicsJP¥1.94k5.4%
+JP¥180.3b		-5.4%PS2.8x
6861 KeyenceJP¥55.65k1.2%
+JP¥157.6b		-15.3%PE33x

Latest News

6723
JP¥1,935.00
Renesas Electronics
7D
5.4%
1Y
-5.4%

Renesas Electronics (TSE:6723) Is Paying Out A Dividend Of ¥28.00

Nov 16
Renesas Electronics (TSE:6723) Is Paying Out A Dividend Of ¥28.00
6981
JP¥3,109.00
Murata Manufacturing
7D
-4.4%
1Y
18.0%

Murata Manufacturing Co., Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Nov 16
Murata Manufacturing Co., Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
285A
JP¥10,025.00
Kioxia Holdings
7D
-16.7%
1Y
n/a

Kioxia Holdings Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Nov 16
Kioxia Holdings Corporation Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
6701
JP¥5,980.00
NEC
7D
9.1%
1Y
134.9%
6525
JP¥4,112.00
Kokusai Electric
7D
-29.1%
1Y
65.1%

Kokusai Electric Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Nov 13
Kokusai Electric Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
8035
JP¥31,850.00
Tokyo Electron
7D
-2.9%
1Y
42.8%

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).
6857
JP¥19,530.00
Advantest
7D
-2.2%
1Y
113.8%
7701
JP¥4,400.00
Shimadzu
7D
10.4%
1Y
0.3%
6971
JP¥2,113.50
Kyocera
7D
4.6%
1Y
42.9%
6702
JP¥4,173.00
Fujitsu
7D
4.3%
1Y
47.8%

6702: Margins Will Offset Slower Expansion Despite APAC Conviction List Exit

Analysts have raised Fujitsu's fair value price target from ¥3,983 to ¥4,125, citing improved profit margins and a slightly lower discount rate. This adjustment comes despite moderated revenue growth expectations.
4901
JP¥3,307.00
FUJIFILM Holdings
7D
-2.7%
1Y
-1.4%

Results: FUJIFILM Holdings Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts

Nov 10
Results: FUJIFILM Holdings Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
6920
JP¥28,095.00
Lasertec
7D
-3.5%
1Y
54.1%

What Lasertec Corporation's (TSE:6920) 44% Share Price Gain Is Not Telling You

Nov 08
What Lasertec Corporation's (TSE:6920) 44% Share Price Gain Is Not Telling You
7751
JP¥4,529.00
Canon
7D
3.0%
1Y
-10.1%
6146
JP¥47,290.00
Disco
7D
-2.5%
1Y
11.1%

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¥6,330.00
Nomura Research Institute
7D
5.4%
1Y
38.2%

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.
6861
JP¥55,650.00
Keyence
7D
1.2%
1Y
-15.3%

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

Nov 01
Here's What Analysts Are Forecasting For Keyence Corporation (TSE:6861) After Its Half-Year Results