Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Japanese (NIKKEI) Tech Sector Analysis

UpdatedJan 20, 2026
DataAggregated Company Financials
Companies675
  • 7D6.1%
  • 3M16.5%
  • 1Y41.5%
  • YTD6.9%

In the last week, the Tech industry is up 6.1%, with Kioxia Holdings up 11%. This means that the industry has gained 42% over the past year. Looking forward, 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
Wed, 21 Jan 2026JP¥168.7tJP¥71.7tJP¥5.3t18x31.7x2.4x
Fri, 19 Dec 2025JP¥147.7tJP¥71.7tJP¥5.3t17x27.8x2.1x
Sun, 16 Nov 2025JP¥150.7tJP¥71.6tJP¥5.3t17.1x28.4x2.1x
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
Price to Earnings Ratio

17.7x


Total Market Cap: JP¥95.5tTotal Earnings: JP¥5.4tTotal Revenue: JP¥66.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Tech Sector Price to Earnings3Y Average 24.3x202420252026
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 31.7x which is higher than its 3-year average PE of 24.3x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.4x.
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 Market3.73%
Tech6.06%
Semiconductors11.16%
Electronic Equipment and Components4.54%
Communications3.58%
IT2.20%
Tech Hardware1.70%
Software-1.85%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 25.0x.
    • Analysts are expecting annual earnings growth of 19.0%, 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 8.7% 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¥15.21k11.1%
+JP¥821.8b		762.0%PE52.9x
6861 KeyenceJP¥60.70k4.0%
+JP¥560.2b		-9.6%PE36x
6146 DiscoJP¥60.00k4.5%
+JP¥278.7b		28.8%PE51.5x
6920 LasertecJP¥36.03k8.9%
+JP¥264.4b		132.8%PE34.1x
4062 IbidenLtdJP¥7.93k9.1%
+JP¥184.9b		224.8%PE62.8x

Latest News

6701
JP¥5,895.00
NEC
7D
1.0%
1Y
129.3%

NEC (TSE:6701) Is Doing The Right Things To Multiply Its Share Price

Jan 20
NEC (TSE:6701) Is Doing The Right Things To Multiply Its Share Price
6857
JP¥21,485.00
Advantest
7D
-2.3%
1Y
127.6%

6857: AI Tester Demand And Higher Margins Will Drive Future Upside

Analysts have increased their fair value estimate for Advantest from ¥16,000 to ¥26,100, citing updated assumptions that combine a slightly higher discount rate and P/E multiple with meaningfully higher projected profit margins and adjusted revenue growth expectations. What's in the News Advantest announced a share repurchase program of up to 18,000,000 shares, or 2.47% of outstanding shares, for up to ¥150,000 million, running through October 28, 2026, with the stated aim of shareholder returns and capital efficiency (Buyback Transaction Announcements).
6723
JP¥2,356.00
Renesas Electronics
7D
-2.6%
1Y
13.3%

Renesas Electronics Corporation's (TSE:6723) Popularity With Investors Is Under Threat From Overpricing

Jan 18
Renesas Electronics Corporation's (TSE:6723) Popularity With Investors Is Under Threat From Overpricing
6920
JP¥36,030.00
Lasertec
7D
8.9%
1Y
132.8%

Lasertec Corporation's (TSE:6920) 30% Price Boost Is Out Of Tune With Earnings

Jan 17
Lasertec Corporation's (TSE:6920) 30% Price Boost Is Out Of Tune With Earnings
7735
JP¥17,925.00
SCREEN Holdings
7D
10.0%
1Y
64.3%
6323
JP¥3,169.00
Rorze
7D
10.2%
1Y
76.8%
4062
JP¥7,932.00
IbidenLtd
7D
9.1%
1Y
224.8%
4716
JP¥11,445.00
Oracle Corporation Japan
7D
-9.0%
1Y
-19.4%
6146
JP¥60,000.00
Disco
7D
4.5%
1Y
28.8%

Disco Corporation (TSE:6146) Looks Just Right With A 26% Price Jump

Jan 14
Disco Corporation (TSE:6146) Looks Just Right With A 26% Price Jump
4307
JP¥6,035.00
Nomura Research Institute
7D
-2.8%
1Y
29.7%

Nomura Research Institute (TSE:4307) Knows How To Allocate Capital

Jan 14
Nomura Research Institute (TSE:4307) Knows How To Allocate Capital
6702
JP¥4,386.00
Fujitsu
7D
-3.5%
1Y
60.2%
285A
JP¥15,205.00
Kioxia Holdings
7D
11.1%
1Y
762.0%
3626
JP¥4,845.00
TIS
7D
-6.1%
1Y
41.7%

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
4684
JP¥4,745.00
OBICLtd
7D
-3.5%
1Y
5.4%

Risks To Shareholder Returns Are Elevated At These Prices For OBIC Co.,Ltd. (TSE:4684)

Jan 07
Risks To Shareholder Returns Are Elevated At These Prices For OBIC Co.,Ltd. (TSE:4684)
6762
JP¥1,980.50
TDK
7D
-5.8%
1Y
5.9%

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.
6861
JP¥60,700.00
Keyence
7D
4.0%
1Y
-9.6%

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