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

Japanese (NIKKEI) Tech Sector Analysis

UpdatedJan 16, 2026
DataAggregated Company Financials
Companies675
  • 7D6.3%
  • 3M19.6%
  • 1Y43.2%
  • YTD6.5%

In the last week, the Tech industry is up 6.3%, with Tokyo Electron up 16%. This means that the industry has gained 43% 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
Fri, 16 Jan 2026JP¥168.1tJP¥71.7tJP¥5.3t17.9x31.5x2.3x
Sun, 14 Dec 2025JP¥153.5tJP¥71.7tJP¥5.3t17x28.9x2.1x
Tue, 11 Nov 2025JP¥154.2tJP¥71.7tJP¥5.4t17.2x28.4x2.1x
Thu, 09 Oct 2025JP¥143.2tJP¥70.6tJP¥5.0t17.2x28.8x2x
Sat, 06 Sep 2025JP¥130.7tJP¥75.5tJP¥5.1t17x25.5x1.7x
Mon, 04 Aug 2025JP¥124.6tJP¥71.7tJP¥5.0t16.9x25x1.7x
Wed, 02 Jul 2025JP¥125.8tJP¥70.6tJP¥5.2t16.3x24.1x1.8x
Fri, 30 May 2025JP¥125.5tJP¥75.5tJP¥5.4t15.8x23.3x1.7x
Sun, 27 Apr 2025JP¥114.3tJP¥74.2tJP¥5.4t15.1x21.1x1.5x
Tue, 25 Mar 2025JP¥121.4tJP¥74.5tJP¥5.6t15.9x21.8x1.6x
Thu, 20 Feb 2025JP¥130.7tJP¥75.1tJP¥5.6t15.8x23.4x1.7x
Sat, 18 Jan 2025JP¥125.3tJP¥74.1tJP¥5.3t16x23.8x1.7x
Mon, 16 Dec 2024JP¥125.6tJP¥72.5tJP¥5.1t16.7x24.5x1.7x
Wed, 13 Nov 2024JP¥127.1tJP¥72.3tJP¥5.0t16.5x25.3x1.8x
Fri, 11 Oct 2024JP¥129.3tJP¥71.7tJP¥5.1t16.3x25.6x1.8x
Sun, 08 Sep 2024JP¥121.4tJP¥71.8tJP¥5.1t16.3x24x1.7x
Tue, 06 Aug 2024JP¥104.5tJP¥71.2tJP¥5.0t13.3x21x1.5x
Thu, 04 Jul 2024JP¥142.1tJP¥70.7tJP¥4.8t17.5x29.4x2x
Sat, 01 Jun 2024JP¥133.0tJP¥70.6tJP¥4.8t16.6x27.7x1.9x
Mon, 29 Apr 2024JP¥129.5tJP¥70.1tJP¥4.7t17x27.8x1.8x
Wed, 27 Mar 2024JP¥138.1tJP¥70.3tJP¥4.6t18x30.3x2x
Fri, 23 Feb 2024JP¥134.3tJP¥70.3tJP¥4.6t17.5x29.5x1.9x
Sun, 21 Jan 2024JP¥125.9tJP¥71.3tJP¥4.8t17.4x26.5x1.8x
Tue, 19 Dec 2023JP¥116.2tJP¥71.3tJP¥4.8t16.6x24.4x1.6x
Thu, 16 Nov 2023JP¥115.6tJP¥71.0tJP¥4.8t16.5x24.3x1.6x
Sat, 14 Oct 2023JP¥108.8tJP¥70.5tJP¥5.0t16.3x21.8x1.5x
Mon, 11 Sep 2023JP¥110.6tJP¥70.4tJP¥5.0t17x22.1x1.6x
Wed, 09 Aug 2023JP¥109.3tJP¥69.7tJP¥5.0t16.1x21.8x1.6x
Fri, 07 Jul 2023JP¥112.7tJP¥69.6tJP¥5.1t16.4x21.9x1.6x
Sun, 04 Jun 2023JP¥110.6tJP¥69.5tJP¥5.1t16x21.5x1.6x
Tue, 02 May 2023JP¥98.4tJP¥68.3tJP¥5.2t15.5x18.8x1.4x
Thu, 30 Mar 2023JP¥97.3tJP¥67.7tJP¥5.3t15.4x18.4x1.4x
Sat, 25 Feb 2023JP¥95.2tJP¥68.5tJP¥5.4t15.1x17.8x1.4x
Mon, 23 Jan 2023JP¥92.4tJP¥66.3tJP¥5.4t14.8x17.1x1.4x
Price to Earnings Ratio

17.1x


Total Market Cap: JP¥92.4tTotal 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 31.5x 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 2.3x.
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 2.6% 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 Market4.92%
Tech6.34%
Semiconductors10.69%
Electronic Equipment and Components5.26%
Communications3.53%
Tech Hardware3.21%
IT2.29%
Software0.83%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 24.8x.
    • Analysts are expecting annual earnings growth of 19.1%, 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
8035 Tokyo ElectronJP¥42.27k11.5%
+JP¥2.0t		58.6%PE35.8x
6857 AdvantestJP¥22.70k12.0%
+JP¥1.8t		147.8%PE63.1x
285A Kioxia HoldingsJP¥14.74k16.2%
+JP¥1.1t		724.4%PE51.3x
6861 KeyenceJP¥61.58k6.8%
+JP¥948.3b		-7.1%PE36.5x
6146 DiscoJP¥60.55k10.1%
+JP¥601.8b		37.5%PE52x

Latest News

3697
JP¥836.10
SHIFT
7D
-12.5%
1Y
-39.4%
6920
JP¥36,490.00
Lasertec
7D
20.1%
1Y
149.7%
8035
JP¥42,270.00
Tokyo Electron
7D
11.5%
1Y
58.6%
4716
JP¥11,725.00
Oracle Corporation Japan
7D
-6.8%
1Y
-17.7%
6146
JP¥60,550.00
Disco
7D
10.1%
1Y
37.5%

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¥6,014.00
Nomura Research Institute
7D
-3.0%
1Y
31.9%

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

Jan 14
Nomura Research Institute (TSE:4307) Knows How To Allocate Capital
6702
JP¥4,566.00
Fujitsu
7D
5.3%
1Y
70.6%
285A
JP¥14,740.00
Kioxia Holdings
7D
16.2%
1Y
724.4%
3626
JP¥4,901.00
TIS
7D
-3.9%
1Y
43.7%

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
6723
JP¥2,326.00
Renesas Electronics
7D
-2.3%
1Y
16.4%
4684
JP¥4,788.00
OBICLtd
7D
-1.1%
1Y
6.5%

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¥2,082.00
TDK
7D
-2.8%
1Y
13.3%

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.
6857
JP¥22,695.00
Advantest
7D
12.0%
1Y
147.8%

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¥61,580.00
Keyence
7D
6.8%
1Y
-7.1%

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
4812
JP¥2,565.00
Dentsu Soken
7D
-5.6%
1Y
38.6%
6981
JP¥3,408.00
Murata Manufacturing
7D
6.7%
1Y
44.8%