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Japanese (NIKKEI) Tech Sector Analysis

UpdatedJan 13, 2026
DataAggregated Company Financials
Companies676
  • 7D-0.3%
  • 3M13.5%
  • 1Y35.3%
  • YTD0.8%

Over the last 7 days, the Tech industry has risen 3.9%, driven by gains from Kioxia Holdings of 22%. This means that the industry has gained 32% over the past year. Earnings are forecast to grow by 15% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 13 Jan 2026JP¥159.2tJP¥71.7tJP¥5.3t17.5x29.9x2.2x
Thu, 11 Dec 2025JP¥153.2tJP¥71.6tJP¥5.3t16.9x28.9x2.1x
Sat, 08 Nov 2025JP¥151.2tJP¥71.5tJP¥5.4t17x28.2x2.1x
Mon, 06 Oct 2025JP¥137.9tJP¥70.8tJP¥5.0t16.9x27.7x1.9x
Wed, 03 Sep 2025JP¥129.5tJP¥75.4tJP¥5.1t16.9x25.3x1.7x
Fri, 01 Aug 2025JP¥126.2tJP¥70.9tJP¥5.0t17x25.2x1.8x
Sun, 29 Jun 2025JP¥125.5tJP¥70.6tJP¥5.2t16.2x24.1x1.8x
Tue, 27 May 2025JP¥123.0tJP¥75.5tJP¥5.4t15.5x22.9x1.6x
Thu, 24 Apr 2025JP¥110.4tJP¥74.2tJP¥5.6t14.9x19.9x1.5x
Sat, 22 Mar 2025JP¥122.4tJP¥74.5tJP¥5.6t15.9x22x1.6x
Mon, 17 Feb 2025JP¥129.4tJP¥75.7tJP¥5.9t15.7x21.9x1.7x
Wed, 15 Jan 2025JP¥124.8tJP¥73.4tJP¥5.3t16.1x23.7x1.7x
Fri, 13 Dec 2024JP¥126.7tJP¥72.5tJP¥5.1t16.7x24.7x1.7x
Sun, 10 Nov 2024JP¥129.1tJP¥72.3tJP¥5.0t16.3x25.7x1.8x
Tue, 08 Oct 2024JP¥129.4tJP¥71.7tJP¥5.1t16.4x25.6x1.8x
Thu, 05 Sep 2024JP¥124.5tJP¥71.9tJP¥5.1t16.3x24.6x1.7x
Sat, 03 Aug 2024JP¥119.9tJP¥71.2tJP¥5.0t15.2x24x1.7x
Mon, 01 Jul 2024JP¥137.7tJP¥70.5tJP¥4.8t17.2x28.6x2x
Wed, 29 May 2024JP¥135.3tJP¥70.6tJP¥4.8t16.6x28.1x1.9x
Fri, 26 Apr 2024JP¥127.3tJP¥70.0tJP¥4.6t17x27.9x1.8x
Sun, 24 Mar 2024JP¥139.6tJP¥70.3tJP¥4.6t18x30.6x2x
Tue, 20 Feb 2024JP¥131.6tJP¥70.3tJP¥4.6t17.6x28.9x1.9x
Thu, 18 Jan 2024JP¥123.1tJP¥71.4tJP¥4.8t17.2x25.9x1.7x
Sat, 16 Dec 2023JP¥116.8tJP¥71.3tJP¥4.8t16.7x24.6x1.6x
Mon, 13 Nov 2023JP¥111.6tJP¥70.9tJP¥4.7t16.4x23.5x1.6x
Wed, 11 Oct 2023JP¥107.5tJP¥70.4tJP¥5.0t16.5x21.5x1.5x
Fri, 08 Sep 2023JP¥112.0tJP¥70.4tJP¥5.0t17.1x22.4x1.6x
Sun, 06 Aug 2023JP¥109.9tJP¥69.6tJP¥5.0t16.1x22x1.6x
Tue, 04 Jul 2023JP¥116.2tJP¥69.6tJP¥5.1t16.7x22.6x1.7x
Thu, 01 Jun 2023JP¥108.4tJP¥69.5tJP¥5.1t15.7x21.1x1.6x
Sat, 29 Apr 2023JP¥97.4tJP¥67.9tJP¥5.3t15.3x18.4x1.4x
Mon, 27 Mar 2023JP¥96.2tJP¥67.7tJP¥5.3t15.3x18.2x1.4x
Wed, 22 Feb 2023JP¥94.8tJP¥68.5tJP¥5.4t15.2x17.7x1.4x
Fri, 20 Jan 2023JP¥92.5tJP¥66.3tJP¥5.4t14.8x17.1x1.4x
Price to Earnings Ratio

17.1x


Total Market Cap: JP¥92.5tTotal Earnings: JP¥5.4tTotal Revenue: JP¥66.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Tech Sector Price to Earnings3Y Average 24.2x202420252026
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 29.9x which is higher than its 3-year average PE of 24.2x.
  • 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 Market-0.30%
Tech-0.34%
Communications1.88%
Software0.91%
Semiconductors0.33%
IT-0.27%
Tech Hardware-1.23%
Electronic Equipment and Components-1.24%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 24.7x.
    • Analysts are expecting annual earnings growth of 19.3%, which is higher than its past year's earnings growth of 8.3% per year.
  • Investors are most pessimistic about the Communications industry, which is trading below its 3-year average of 25.9x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings growth rate of 8.3% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 8.8% 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¥40.90k9.5%
+JP¥1.6t		57.2%PE34.6x
285A Kioxia HoldingsJP¥13.70k18.1%
+JP¥1.1t		602.3%PE47.7x
6702 FujitsuJP¥4.54k4.5%
+JP¥323.6b		70.2%PE28.7x
6146 DiscoJP¥57.16k5.5%
+JP¥321.0b		28.9%PE49x
6861 KeyenceJP¥58.33k2.1%
+JP¥286.2b		-6.1%PE34.6x

Latest News

6702
JP¥4,536.00
Fujitsu
7D
4.5%
1Y
70.2%
6787
JP¥10,060.00
Meiko Electronics
7D
-5.3%
1Y
14.6%

Meiko Electronics (TSE:6787) Seems To Use Debt Quite Sensibly

Jan 13
Meiko Electronics (TSE:6787) Seems To Use Debt Quite Sensibly
285A
JP¥13,695.00
Kioxia Holdings
7D
18.1%
1Y
602.3%
8035
JP¥40,900.00
Tokyo Electron
7D
9.5%
1Y
57.2%

8035: Higher Payouts And Upgraded Guidance Will Still Leave Shares Overpriced

Analysts have nudged their price target for Tokyo Electron slightly higher to ¥25,869, reflecting updated assumptions around revenue growth, profit margins, and a modestly lower future P/E multiple. What's in the News Tokyo Electron raised its consolidated earnings guidance for the fiscal year ending March 31, 2026, now expecting net sales of ¥2,380b, operating income of ¥586b, net income attributable to owners of parent of ¥488b, and net income per share of ¥1,064.77, compared with prior guidance of net sales of ¥2,350b, operating income of ¥570b, net income attributable to owners of parent of ¥444b, and net income per share of ¥969.12 (Key Developments).
3626
JP¥5,148.00
TIS
7D
-1.8%
1Y
46.8%

There's Reason For Concern Over TIS Inc.'s (TSE:3626) Price

Jan 09
There's Reason For Concern Over TIS Inc.'s (TSE:3626) Price
6723
JP¥2,420.50
Renesas Electronics
7D
5.2%
1Y
22.1%
7751
JP¥4,730.00
Canon
7D
-0.3%
1Y
-4.3%

Canon (TSE:7751) Is Looking To Continue Growing Its Returns On Capital

Jan 08
Canon (TSE:7751) Is Looking To Continue Growing Its Returns On Capital
6701
JP¥5,818.00
NEC
7D
2.3%
1Y
127.3%

6701: Future CSG Acquisition Will Raise Risk For Current Shareholders

Analysts have lifted their price target for NEC to about ¥5,000, reflecting updated assumptions for revenue, profit margins and a slightly higher future P/E multiple. What's in the News NEC set consolidated earnings guidance for the year ending March 31, 2026, with expected revenue of ¥3,420b.
4901
JP¥3,320.00
FUJIFILM Holdings
7D
-1.8%
1Y
1.5%
6146
JP¥57,160.00
Disco
7D
5.5%
1Y
28.9%
6762
JP¥2,106.00
TDK
7D
-6.2%
1Y
13.8%

6762: Raised Guidance And Battery Collaboration Will Support Future Upside Potential

Analysts have lifted their fair value estimate for TDK from ¥2,480 to ¥3,200, citing updated assumptions for revenue growth, profit margins and future P/E, even as the stock was recently removed from a conviction list. Analyst Commentary Even with the recent removal of TDK from a major APAC Conviction List, recent fair value work suggests that some research desks still see room for upside if the company delivers on updated revenue and margin assumptions.
6976
JP¥3,440.00
Taiyo Yuden
7D
-4.8%
1Y
52.9%

Taiyo Yuden (TSE:6976) Has Announced A Dividend Of ¥45.00

Jan 07
Taiyo Yuden (TSE:6976) Has Announced A Dividend Of ¥45.00
6857
JP¥21,845.00
Advantest
7D
1.3%
1Y
131.8%

6857: Elevated AI Tester Expectations Will Likely Prove Unsustainable

Analysts have raised their price target for Advantest significantly, from approximately ¥6,973 to about ¥10,429. They cited upgraded expectations for revenue growth, structurally higher profit margins, and a slightly lower future price to earnings multiple that still supports a richer fair value.
6861
JP¥58,330.00
Keyence
7D
2.1%
1Y
-6.1%

Keyence Corporation's (TSE:6861) Popularity With Investors Is Under Threat From Overpricing

Jan 03
Keyence Corporation's (TSE:6861) Popularity With Investors Is Under Threat From Overpricing
6841
JP¥5,169.00
Yokogawa Electric
7D
-1.2%
1Y
53.7%
6981
JP¥3,317.00
Murata Manufacturing
7D
-0.5%
1Y
32.8%