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Japanese (NIKKEI) Tech Sector Analysis

UpdatedAug 24, 2026
DataAggregated Company Financials
Companies663
  • 7D-5.7%
  • 3M-1.5%
  • 1Y85.8%
  • YTD45.9%

Over the last 7 days, the Tech industry has dropped 5.7%, and Tokyo Electron contributed the most with a 8.2% decline. This takes the industry's 12 month performance to a gain of 86%. As for the next few years, earnings are expected to grow by 18% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 24 Aug 2026JP¥225.9tJP¥77.9tJP¥8.1t16.4x27.9x2.9x
Wed, 22 Jul 2026JP¥232.5tJP¥73.8tJP¥6.3t16.3x36.9x3.2x
Fri, 19 Jun 2026JP¥274.8tJP¥73.8tJP¥6.3t16x43.6x3.7x
Sun, 17 May 2026JP¥203.5tJP¥73.0tJP¥5.9t15.8x34.5x2.8x
Tue, 14 Apr 2026JP¥175.8tJP¥71.7tJP¥5.6t15.9x31.4x2.5x
Thu, 12 Mar 2026JP¥170.6tJP¥73.1tJP¥5.7t16.4x30x2.3x
Sat, 07 Feb 2026JP¥164.2tJP¥72.6tJP¥5.7t16.8x29x2.3x
Mon, 05 Jan 2026JP¥153.4tJP¥71.7tJP¥5.3t17.2x28.8x2.1x
Wed, 03 Dec 2025JP¥148.8tJP¥71.6tJP¥5.3t16.9x28x2.1x
Fri, 31 Oct 2025JP¥154.9tJP¥71.0tJP¥5.1t17.1x30.5x2.2x
Sun, 28 Sep 2025JP¥141.5tJP¥75.5tJP¥5.1t17.4x27.6x1.9x
Tue, 26 Aug 2025JP¥131.0tJP¥75.5tJP¥5.1t17.1x25.6x1.7x
Thu, 24 Jul 2025JP¥125.2tJP¥70.7tJP¥5.2t16.5x24.1x1.8x
Sat, 21 Jun 2025JP¥120.3tJP¥70.6tJP¥5.2t16.3x23.1x1.7x
Mon, 19 May 2025JP¥124.0tJP¥75.0tJP¥5.4t15.5x23x1.7x
Wed, 16 Apr 2025JP¥108.9tJP¥74.2tJP¥5.6t14.6x19.6x1.5x
Fri, 14 Mar 2025JP¥120.2tJP¥74.7tJP¥5.6t15.6x21.6x1.6x
Sun, 09 Feb 2025JP¥127.8tJP¥74.8tJP¥5.4t16.5x23.7x1.7x
Tue, 07 Jan 2025JP¥125.9tJP¥74.1tJP¥5.3t16.6x23.9x1.7x
Thu, 05 Dec 2024JP¥125.5tJP¥72.5tJP¥5.1t16.7x24.4x1.7x
Sat, 02 Nov 2024JP¥124.0tJP¥71.8tJP¥5.0t15.7x24.6x1.7x
Mon, 30 Sep 2024JP¥132.3tJP¥71.8tJP¥5.1t16.9x26.2x1.8x
Wed, 28 Aug 2024JP¥128.5tJP¥71.9tJP¥5.0t16.6x25.5x1.8x
Fri, 26 Jul 2024JP¥127.9tJP¥70.7tJP¥4.8t17.2x26.4x1.8x
Sun, 23 Jun 2024JP¥135.7tJP¥70.5tJP¥4.8t16.8x28.2x1.9x
Tue, 21 May 2024JP¥134.4tJP¥70.5tJP¥4.8t17.1x27.9x1.9x
Thu, 18 Apr 2024JP¥132.6tJP¥70.0tJP¥4.6t17x29.1x1.9x
Sat, 16 Mar 2024JP¥132.2tJP¥70.3tJP¥4.6t17.6x29x1.9x
Mon, 12 Feb 2024JP¥127.3tJP¥70.3tJP¥4.6t17.1x27.8x1.8x
Wed, 10 Jan 2024JP¥118.7tJP¥71.3tJP¥4.8t17.2x24.9x1.7x
Fri, 08 Dec 2023JP¥114.6tJP¥71.3tJP¥4.8t16.8x24.1x1.6x
Sun, 05 Nov 2023JP¥108.6tJP¥70.7tJP¥4.9t16.1x22.2x1.5x
Tue, 03 Oct 2023JP¥107.8tJP¥70.5tJP¥5.0t16.5x21.6x1.5x
Thu, 31 Aug 2023JP¥111.1tJP¥70.4tJP¥5.0t16.8x22.2x1.6x
Price to Earnings Ratio

22.2x


Total Market Cap: JP¥111.1tTotal Earnings: JP¥5.0tTotal Revenue: JP¥70.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Tech Sector Price to Earnings3Y Average 27x202420252026
Current Industry PE
  • Investors are relatively neutral on the Japanese Information Technology industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 27.0x.
  • The 3-year average PS ratio of 2.0x is lower than the industry's current PS ratio of 2.9x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 17% 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 Trends

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

JP Market-2.71%
Tech-5.68%
Communications-0.13%
Software-0.43%
Tech Hardware-2.63%
IT-3.97%
Semiconductors-4.58%
Electronic Equipment and Components-8.98%
Industry PE
  • Investors are most optimistic about the Semiconductors industry, which is trading close to its 3-year average PE ratio of 33.0x.
    • Analysts are expecting annual earnings growth of 22.3%, which is higher than its past year's earnings growth of 15.5% per year.
  • Investors are most pessimistic about the Communications industry, which is trading below its 3-year average of 25.0x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings growth rate of 15% per year.
  • In contrast, the Communications industry is expected to see its earnings decline by 25% 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
4307 Nomura Research InstituteJP¥5.08k4.4%
+JP¥118.7b		-14.4%PE154x
4684 OBICLtdJP¥4.79k5.5%
+JP¥108.2b		-9.8%PE26.3x
6702 FujitsuJP¥3.70k1.0%
+JP¥62.5b		3.6%PE20.2x
4901 FUJIFILM HoldingsJP¥3.29k1.4%
+JP¥55.0b		-8.7%PE15.1x
7751 CanonJP¥4.62k1.2%
+JP¥46.7b		5.7%PE11.3x

Latest News

4901
JP¥3,288.00
FUJIFILM Holdings
7D
1.4%
1Y
-8.7%
6146
JP¥61,550.00
Disco
7D
-6.6%
1Y
53.2%
4704
JP¥5,587.00
Trend Micro
7D
4.4%
1Y
-30.8%
4307
JP¥5,081.00
Nomura Research Institute
7D
4.4%
1Y
-14.4%
Narrative Update • Aug 20

4307: Share Buybacks And Higher Dividend Will Support Future Upside

Analysts have nudged their price target on Nomura Research Institute higher from about ¥5,675 to roughly ¥5,796, reflecting updated assumptions for fair value, discount rate, revenue growth, profit margin and future P/E. What’s in the News for Nomura Research Institute Nomura Research Institute issued consolidated earnings guidance for the fiscal year ending 31 March 2027, with expected revenue of ¥850,000 million, operating profit of ¥175,000 million, profit attributable to owners of parent of ¥119,000 million and basic earnings per share of ¥209.46.
6857
JP¥34,640.00
Advantest
7D
-8.3%
1Y
218.4%
6702
JP¥3,700.00
Fujitsu
7D
1.0%
1Y
3.6%
285A
JP¥50,820.00
Kioxia Holdings
7D
-17.8%
1Y
2,024.6%
4478
JP¥3,905.00
freee K.K
7D
16.6%
1Y
17.8%
Analysis Article • Aug 16

freee K.K. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

The investors in freee K.K. 's ( TSE:4478 ) will be rubbing their hands together with glee today, after the share price...
6723
JP¥3,418.00
Renesas Electronics
7D
-11.7%
1Y
92.3%
Narrative Update • Aug 14

6723: Legal And Operational Disruptions Will Pressure Earnings And Future Multiple

Analysts have raised their fair value estimate for Renesas Electronics from ¥1,950 to ¥2,000, reflecting updated assumptions for a higher discount rate, a lower revenue growth outlook, a higher profit margin, and a slightly lower future P/E multiple. What’s in the News for Renesas Electronics Renesas Electronics is recovering operations after the July 28 earthquake, with investors watching progress at the Kawashiri factory and comparing the current disruption with the 2016 quake impact.
8035
JP¥55,040.00
Tokyo Electron
7D
-8.4%
1Y
172.1%
Narrative Update • Aug 13

8035: Buybacks And Dividend Policy Will Drive Future Shareholder Returns

Analysts have raised the fair value estimate for Tokyo Electron to ¥99,000 from ¥90,000, citing updated assumptions around discount rates, revenue growth, profit margins, and a higher future P/E multiple. What’s in the News for Tokyo Electron Tokyo Electron approved a ¥150b share repurchase program running from June 1, 2026 to March 31, 2027, alongside a planned 1 for 5 stock split effective October 1, 2026.
6861
JP¥81,030.00
Keyence
7D
-6.6%
1Y
41.4%
4062
JP¥18,810.00
IbidenLtd
7D
-12.8%
1Y
421.1%
Analysis Article • Aug 06

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

Ibiden Co.,Ltd. ( TSE:4062 ) defied analyst predictions to release its first-quarter results, which were ahead of...
4768
JP¥3,533.00
Otsuka
7D
2.8%
1Y
15.5%
Analysis Article • Aug 06

Otsuka Corporation Just Beat EPS By 14%: Here's What Analysts Think Will Happen Next

As you might know, Otsuka Corporation ( TSE:4768 ) just kicked off its latest half-yearly results with some very strong...
6981
JP¥7,083.00
Murata Manufacturing
7D
-14.6%
1Y
191.7%
7751
JP¥4,616.00
Canon
7D
1.2%
1Y
5.7%
Analysis Article • Jul 29

Canon Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Investors in Canon Inc. ( TSE:7751 ) had a good week, as its shares rose 2.2% to close at JP¥4,635 following the...
4684
JP¥4,790.00
OBICLtd
7D
5.5%
1Y
-9.8%