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Japanese (NIKKEI) Tech Sector Analysis

UpdatedFeb 19, 2026
DataAggregated Company Financials
Companies673
  • 7D0.2%
  • 3M15.0%
  • 1Y40.2%
  • YTD9.6%

The Tech is pretty flat in the last 7 days, but Kioxia Holdings has stood out, gaining 14%. The past year has been better, since the industry has gained 40% in that time. Earnings are forecast to grow by 16% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 19 Feb 2026JP¥173.1tJP¥73.1tJP¥5.7t16.9x30.5x2.4x
Sat, 17 Jan 2026JP¥169.1tJP¥71.7tJP¥5.3t18x31.7x2.4x
Mon, 15 Dec 2025JP¥153.5tJP¥71.7tJP¥5.3t17x28.9x2.1x
Wed, 12 Nov 2025JP¥153.5tJP¥71.7tJP¥5.4t17.1x28.3x2.1x
Fri, 10 Oct 2025JP¥144.2tJP¥70.6tJP¥5.0t17.1x29x2x
Sun, 07 Sep 2025JP¥130.7tJP¥75.5tJP¥5.1t17x25.5x1.7x
Tue, 05 Aug 2025JP¥123.8tJP¥71.7tJP¥5.0t16.8x24.8x1.7x
Thu, 03 Jul 2025JP¥122.5tJP¥70.6tJP¥5.2t16x23.5x1.7x
Sat, 31 May 2025JP¥123.7tJP¥75.5tJP¥5.4t15.9x23x1.6x
Mon, 28 Apr 2025JP¥114.3tJP¥74.2tJP¥5.4t15.1x21.1x1.5x
Wed, 26 Mar 2025JP¥121.6tJP¥74.2tJP¥5.5t15.9x21.9x1.6x
Fri, 21 Feb 2025JP¥128.9tJP¥74.8tJP¥5.6t15.6x23.1x1.7x
Sun, 19 Jan 2025JP¥125.3tJP¥74.1tJP¥5.3t16x23.8x1.7x
Tue, 17 Dec 2024JP¥125.3tJP¥71.8tJP¥5.1t16.7x24.6x1.7x
Thu, 14 Nov 2024JP¥125.3tJP¥72.4tJP¥5.1t16.2x24.8x1.7x
Sat, 12 Oct 2024JP¥129.1tJP¥71.7tJP¥5.1t16.3x25.6x1.8x
Mon, 09 Sep 2024JP¥121.4tJP¥71.8tJP¥5.1t16.3x24x1.7x
Wed, 07 Aug 2024JP¥116.5tJP¥71.2tJP¥5.0t14.3x23.4x1.6x
Fri, 05 Jul 2024JP¥143.1tJP¥70.7tJP¥4.8t17.5x29.6x2x
Sun, 02 Jun 2024JP¥133.0tJP¥70.5tJP¥4.8t16.6x27.7x1.9x
Tue, 30 Apr 2024JP¥129.5tJP¥70.1tJP¥4.7t17x27.8x1.8x
Thu, 28 Mar 2024JP¥138.6tJP¥70.3tJP¥4.6t17.9x30.4x2x
Sat, 24 Feb 2024JP¥134.3tJP¥70.3tJP¥4.6t17.5x29.5x1.9x
Mon, 22 Jan 2024JP¥125.9tJP¥71.3tJP¥4.8t17.4x26.5x1.8x
Wed, 20 Dec 2023JP¥118.2tJP¥71.3tJP¥4.8t16.9x24.9x1.7x
Fri, 17 Nov 2023JP¥115.6tJP¥71.0tJP¥4.8t16.5x24.3x1.6x
Sun, 15 Oct 2023JP¥108.8tJP¥70.5tJP¥5.0t16.3x21.8x1.5x
Tue, 12 Sep 2023JP¥109.1tJP¥70.4tJP¥5.0t16.9x21.8x1.5x
Thu, 10 Aug 2023JP¥109.3tJP¥70.2tJP¥5.0t16.2x21.8x1.6x
Sat, 08 Jul 2023JP¥111.4tJP¥69.6tJP¥5.1t16.3x21.6x1.6x
Mon, 05 Jun 2023JP¥110.6tJP¥69.5tJP¥5.1t16x21.5x1.6x
Wed, 03 May 2023JP¥98.4tJP¥68.3tJP¥5.2t15.5x18.8x1.4x
Fri, 31 Mar 2023JP¥97.2tJP¥67.7tJP¥5.3t15.4x18.4x1.4x
Sun, 26 Feb 2023JP¥95.2tJP¥68.5tJP¥5.4t15.1x17.8x1.4x
Price to Earnings Ratio

17.8x


Total Market Cap: JP¥95.2tTotal Earnings: JP¥5.4tTotal Revenue: JP¥68.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Tech Sector Price to Earnings3Y Average 24.7x202420252026
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 24.7x.
  • 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 2.2% 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-0.84%
Tech0.17%
Electronic Equipment and Components4.28%
Semiconductors1.87%
Tech Hardware-0.66%
Communications-3.25%
Software-5.90%
IT-9.61%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 26.0x.
    • Analysts are expecting annual earnings growth of 22.1%, which is higher than its past year's earnings decline of 4.2% 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 Communications industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings decline of 22% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 7.6% 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
8035 Tokyo ElectronJP¥44.63k8.1%
+JP¥1.5t		77.1%PE40.7x
6861 KeyenceJP¥60.13k5.6%
+JP¥768.8b		-4.2%PE34.9x
6981 Murata ManufacturingJP¥3.65k10.9%
+JP¥653.5b		34.3%PE35x
4062 IbidenLtdJP¥9.64k13.3%
+JP¥316.7b		431.9%PE67.4x
6762 TDKJP¥2.38k6.1%
+JP¥261.0b		41.0%PE24.1x

Latest News

9449
JP¥3,057.00
GMO internet group
7D
-16.8%
1Y
7.0%
6702
JP¥3,713.00
Fujitsu
7D
-6.9%
1Y
24.8%
6525
JP¥6,153.00
Kokusai Electric
7D
-3.5%
1Y
75.8%

6525: Board Changes And Stake Sale Will Support More Constructive Outlook

Analysts have raised their price target on Kokusai Electric from ¥7,000 to ¥7,500, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers behind the change. What's in the News Goldman Sachs Securities Co., Ltd.
4062
JP¥9,638.00
IbidenLtd
7D
13.3%
1Y
431.9%
6857
JP¥25,995.00
Advantest
7D
-3.0%
1Y
171.3%

6857: AI Test Demand And New Products Will Drive Future Upside

Analysts have raised their price target on Advantest from ¥26,100 to ¥32,300, reflecting updated assumptions regarding revenue growth, profit margins, the future P/E multiple, and a slightly lower discount rate. What's in the News Revised consolidated earnings guidance for the year ending March 31, 2026, with expected net sales of ¥1.07b, operating income of ¥454.0b, net income of ¥328.5b, and basic EPS of ¥452.34, compared with prior guidance of net sales of ¥950.0b, operating income of ¥374.0b, and net income of ¥275.0b (corporate guidance).
268A
JP¥1,640.00
Rigaku Holdings
7D
26.8%
1Y
44.7%
6701
JP¥4,052.00
NEC
7D
-10.0%
1Y
32.5%

The Price Is Right For NEC Corporation (TSE:6701) Even After Diving 31%

Feb 13
The Price Is Right For NEC Corporation (TSE:6701) Even After Diving 31%
6976
JP¥4,665.00
Taiyo Yuden
7D
13.0%
1Y
77.8%
4307
JP¥3,924.00
Nomura Research Institute
7D
-7.0%
1Y
-24.0%

Nomura Research Institute, Ltd.'s (TSE:4307) 32% Cheaper Price Remains In Tune With Earnings

Feb 13
Nomura Research Institute, Ltd.'s (TSE:4307) 32% Cheaper Price Remains In Tune With Earnings
3626
JP¥3,173.00
TIS
7D
-7.5%
1Y
-16.7%
8035
JP¥44,630.00
Tokyo Electron
7D
8.1%
1Y
77.1%

Revenue Miss: Tokyo Electron Limited Fell 10.0% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

Feb 09
Revenue Miss: Tokyo Electron Limited Fell 10.0% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models
6762
JP¥2,383.50
TDK
7D
6.1%
1Y
41.0%

TDK (TSE:6762) Is Increasing Its Dividend To ¥18.00

Feb 05
TDK (TSE:6762) Is Increasing Its Dividend To ¥18.00
6981
JP¥3,654.00
Murata Manufacturing
7D
10.9%
1Y
34.3%
6861
JP¥60,130.00
Keyence
7D
5.6%
1Y
-4.2%

Keyence (TSE:6861) Is Due To Pay A Dividend Of ¥275.00

Feb 02
Keyence (TSE:6861) Is Due To Pay A Dividend Of ¥275.00
7751
JP¥4,707.00
Canon
7D
-4.0%
1Y
-7.9%

Earnings Beat: Canon Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Jan 31
Earnings Beat: Canon Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
6146
JP¥73,910.00
Disco
7D
1.5%
1Y
59.6%