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Japanese (NIKKEI) Tech Sector Analysis

UpdatedFeb 03, 2026
DataAggregated Company Financials
Companies673
  • 7D-1.6%
  • 3M5.5%
  • 1Y38.8%
  • YTD3.9%

The Tech industry is down 1.6% over the last week with Nomura Research Institute the worst performer, down 20%. In contrast, Fujitsu has gained 8.3%. 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
Tue, 03 Feb 2026JP¥164.0tJP¥72.1tJP¥5.6t17.1x29.3x2.3x
Thu, 01 Jan 2026JP¥153.4tJP¥71.7tJP¥5.3t17.2x28.8x2.1x
Sat, 29 Nov 2025JP¥150.7tJP¥71.6tJP¥5.3t17.2x28.4x2.1x
Mon, 27 Oct 2025JP¥147.1tJP¥70.7tJP¥5.0t17.2x29.4x2.1x
Wed, 24 Sep 2025JP¥143.8tJP¥75.5tJP¥5.1t17.4x28.1x1.9x
Fri, 22 Aug 2025JP¥130.2tJP¥75.5tJP¥5.1t16.8x25.5x1.7x
Sun, 20 Jul 2025JP¥123.7tJP¥70.7tJP¥5.2t16.3x23.8x1.7x
Tue, 17 Jun 2025JP¥125.0tJP¥75.3tJP¥5.4t15.8x23.3x1.7x
Thu, 15 May 2025JP¥125.7tJP¥75.0tJP¥5.4t15.7x23.1x1.7x
Sat, 12 Apr 2025JP¥107.0tJP¥74.2tJP¥5.6t14.3x19.3x1.4x
Mon, 10 Mar 2025JP¥120.8tJP¥74.8tJP¥5.6t15.7x21.7x1.6x
Wed, 05 Feb 2025JP¥127.2tJP¥74.3tJP¥5.3t16.4x23.9x1.7x
Fri, 03 Jan 2025JP¥127.5tJP¥73.9tJP¥5.1t16.7x25.1x1.7x
Sun, 01 Dec 2024JP¥123.1tJP¥72.5tJP¥5.1t16.6x24x1.7x
Tue, 29 Oct 2024JP¥125.7tJP¥71.8tJP¥5.1t15.6x24.8x1.7x
Thu, 26 Sep 2024JP¥125.2tJP¥71.8tJP¥5.1t16.4x24.8x1.7x
Sat, 24 Aug 2024JP¥129.4tJP¥71.9tJP¥5.0t16.2x25.6x1.8x
Mon, 22 Jul 2024JP¥138.2tJP¥70.7tJP¥4.8t17.7x28.5x2x
Wed, 19 Jun 2024JP¥135.2tJP¥70.5tJP¥4.8t16.9x28.1x1.9x
Fri, 17 May 2024JP¥133.9tJP¥70.5tJP¥4.8t16.7x27.9x1.9x
Sun, 14 Apr 2024JP¥136.1tJP¥69.9tJP¥4.5t17.5x29.9x1.9x
Tue, 12 Mar 2024JP¥133.9tJP¥70.3tJP¥4.6t17.5x29.4x1.9x
Thu, 08 Feb 2024JP¥125.4tJP¥70.3tJP¥4.6t17.5x27.3x1.8x
Sat, 06 Jan 2024JP¥116.5tJP¥71.3tJP¥4.8t17x24.5x1.6x
Mon, 04 Dec 2023JP¥117.3tJP¥71.3tJP¥4.8t17.1x24.7x1.6x
Wed, 01 Nov 2023JP¥104.4tJP¥70.7tJP¥5.0t15.9x21.1x1.5x
Fri, 29 Sep 2023JP¥107.6tJP¥70.5tJP¥5.0t16.7x21.5x1.5x
Sun, 27 Aug 2023JP¥108.4tJP¥70.4tJP¥5.0t16.6x21.7x1.5x
Tue, 25 Jul 2023JP¥111.8tJP¥69.7tJP¥5.1t16.5x21.7x1.6x
Thu, 22 Jun 2023JP¥115.6tJP¥69.6tJP¥5.1t16.7x22.5x1.7x
Sat, 20 May 2023JP¥106.6tJP¥69.5tJP¥5.2t16x20.7x1.5x
Mon, 17 Apr 2023JP¥97.1tJP¥67.7tJP¥5.3t15.2x18.4x1.4x
Wed, 15 Mar 2023JP¥95.0tJP¥68.5tJP¥5.4t14.9x17.7x1.4x
Fri, 10 Feb 2023JP¥96.5tJP¥67.7tJP¥5.4t15.4x18x1.4x
Price to Earnings Ratio

18x


Total Market Cap: JP¥96.5tTotal Earnings: JP¥5.4tTotal Revenue: JP¥67.7tTotal 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 29.3x 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 2.1% 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-0.50%
Tech-1.58%
Tech Hardware1.41%
Communications0.57%
Semiconductors-0.75%
Electronic Equipment and Components-1.64%
IT-3.67%
Software-4.78%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 25.4x.
    • Analysts are expecting annual earnings growth of 20.9%, which is higher than its past year's earnings growth of 5.1% 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 5.1% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 7.3% 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¥20.79k12.7%
+JP¥1.3t		1,098.0%PE72.9x
6857 AdvantestJP¥26.03k4.3%
+JP¥747.9b		204.9%PE65.5x
6702 FujitsuJP¥4.41k7.9%
+JP¥567.2b		44.6%PE24.4x
6762 TDKJP¥2.21k14.4%
+JP¥529.9b		29.1%PE22.4x
6971 KyoceraJP¥2.60k11.9%
+JP¥373.1b		53.3%PE33.8x

Latest News

6762
JP¥2,212.50
TDK
7D
14.4%
1Y
29.1%
6981
JP¥3,318.00
Murata Manufacturing
7D
2.8%
1Y
32.7%
6723
JP¥2,592.00
Renesas Electronics
7D
8.5%
1Y
28.1%
6971
JP¥2,599.50
Kyocera
7D
11.9%
1Y
53.3%
6920
JP¥32,100.00
Lasertec
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1Y
104.2%

Lasertec Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Feb 02
Lasertec Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
4733
JP¥6,418.00
OBIC Business Consultants
7D
-13.0%
1Y
-16.0%

OBIC Business Consultants' (TSE:4733) Profits May Not Reveal Underlying Issues

Feb 02
OBIC Business Consultants' (TSE:4733) Profits May Not Reveal Underlying Issues
6861
JP¥56,910.00
Keyence
7D
-3.4%
1Y
-8.2%

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
6857
JP¥26,030.00
Advantest
7D
4.3%
1Y
204.9%

6857: AI And HPC Hype Will Likely Outrun Earnings Reality

Analysts have lifted their price target on Advantest by roughly 20%, citing updated assumptions that reflect higher modeled revenue growth, an improved profit margin outlook, and a lower future P/E multiple. What's in the News Advantest plans a board meeting on January 28, 2026 to consider cancelling treasury shares, following recent share repurchases under its buyback program (company filing).
4307
JP¥4,642.00
Nomura Research Institute
7D
-20.5%
1Y
-13.3%

Analysts Are Updating Their Nomura Research Institute, Ltd. (TSE:4307) Estimates After Its Third-Quarter Results

Jan 31
Analysts Are Updating Their Nomura Research Institute, Ltd. (TSE:4307) Estimates After Its Third-Quarter Results
6702
JP¥4,410.00
Fujitsu
7D
7.9%
1Y
44.6%

Fujitsu (TSE:6702) Is Increasing Its Dividend To ¥35.00

Jan 31
Fujitsu (TSE:6702) Is Increasing Its Dividend To ¥35.00
7751
JP¥4,816.00
Canon
7D
6.8%
1Y
-5.0%

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
285A
JP¥20,785.00
Kioxia Holdings
7D
12.7%
1Y
1,098.0%
8035
JP¥41,560.00
Tokyo Electron
7D
-1.4%
1Y
59.7%

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

Jan 30
Tokyo Electron (TSE:8035) Might Become A Compounding Machine
6701
JP¥5,353.00
NEC
7D
-5.9%
1Y
75.5%
4684
JP¥4,194.00
OBICLtd
7D
-9.3%
1Y
-7.8%

The OBIC Co.,Ltd. (TSE:4684) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Jan 29
The OBIC Co.,Ltd. (TSE:4684) Third-Quarter Results Are Out And Analysts Have Published New Forecasts
6146
JP¥66,920.00
Disco
7D
-2.9%
1Y
52.2%