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Japanese (NIKKEI) Tech Sector Analysis

UpdatedJan 29, 2026
DataAggregated Company Financials
Companies673
  • 7D3.0%
  • 3M10.8%
  • 1Y41.5%
  • YTD8.6%

In the last week, the Tech industry is up 3.0%, with Advantest up 18%. This means that the industry has gained 41% 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
Thu, 29 Jan 2026JP¥171.4tJP¥71.7tJP¥5.3t17.4x32.1x2.4x
Sat, 27 Dec 2025JP¥155.0tJP¥71.7tJP¥5.3t17.3x29.1x2.2x
Mon, 24 Nov 2025JP¥147.0tJP¥71.6tJP¥5.3t16.9x27.7x2.1x
Wed, 22 Oct 2025JP¥145.0tJP¥70.7tJP¥5.0t17x29.1x2.1x
Fri, 19 Sep 2025JP¥141.5tJP¥75.5tJP¥5.1t17.3x27.6x1.9x
Sun, 17 Aug 2025JP¥125.8tJP¥70.8tJP¥5.0t16.7x25.3x1.8x
Tue, 15 Jul 2025JP¥122.5tJP¥70.7tJP¥5.2t16.3x23.5x1.7x
Thu, 12 Jun 2025JP¥126.5tJP¥75.3tJP¥5.4t16.1x23.6x1.7x
Sat, 10 May 2025JP¥122.2tJP¥74.8tJP¥5.5t15.5x22.3x1.6x
Mon, 07 Apr 2025JP¥106.8tJP¥74.2tJP¥5.6t14.1x19.2x1.4x
Wed, 05 Mar 2025JP¥122.5tJP¥74.8tJP¥5.6t15.5x22x1.6x
Fri, 31 Jan 2025JP¥128.4tJP¥74.1tJP¥5.3t16.6x24.2x1.7x
Sun, 29 Dec 2024JP¥128.5tJP¥73.9tJP¥5.1t16.7x25.4x1.7x
Tue, 26 Nov 2024JP¥124.8tJP¥72.4tJP¥5.1t16.8x24.3x1.7x
Thu, 24 Oct 2024JP¥123.6tJP¥71.8tJP¥5.1t15.7x24.4x1.7x
Sat, 21 Sep 2024JP¥125.2tJP¥71.8tJP¥5.1t16.3x24.8x1.7x
Mon, 19 Aug 2024JP¥128.5tJP¥71.9tJP¥5.0t16x25.5x1.8x
Wed, 17 Jul 2024JP¥144.4tJP¥70.7tJP¥4.8t17.6x29.9x2x
Fri, 14 Jun 2024JP¥134.6tJP¥70.5tJP¥4.8t16.6x28x1.9x
Sun, 12 May 2024JP¥130.9tJP¥70.4tJP¥4.7t17.2x28.1x1.9x
Tue, 09 Apr 2024JP¥134.0tJP¥69.9tJP¥4.5t17.3x29.5x1.9x
Thu, 07 Mar 2024JP¥140.1tJP¥70.3tJP¥4.6t18x30.8x2x
Sat, 03 Feb 2024JP¥127.2tJP¥71.3tJP¥4.7t17.7x27.1x1.8x
Mon, 01 Jan 2024JP¥119.2tJP¥71.3tJP¥4.8t17x25.1x1.7x
Wed, 29 Nov 2023JP¥115.9tJP¥71.1tJP¥4.8t17x24.4x1.6x
Fri, 27 Oct 2023JP¥102.3tJP¥70.7tJP¥5.0t15.8x20.3x1.4x
Sun, 24 Sep 2023JP¥107.9tJP¥70.4tJP¥5.0t16.8x21.6x1.5x
Tue, 22 Aug 2023JP¥107.2tJP¥70.2tJP¥5.0t16.3x21.6x1.5x
Thu, 20 Jul 2023JP¥114.2tJP¥69.6tJP¥5.1t16.4x22.2x1.6x
Sat, 17 Jun 2023JP¥116.1tJP¥69.6tJP¥5.1t16.6x22.6x1.7x
Mon, 15 May 2023JP¥101.4tJP¥69.3tJP¥5.3t15.7x19.3x1.5x
Wed, 12 Apr 2023JP¥96.1tJP¥67.7tJP¥5.3t15.2x18.2x1.4x
Fri, 10 Mar 2023JP¥99.1tJP¥68.5tJP¥5.4t15.6x18.5x1.4x
Sun, 05 Feb 2023JP¥96.6tJP¥67.4tJP¥5.4t15.3x18x1.4x
Price to Earnings Ratio

18x


Total Market Cap: JP¥96.6tTotal Earnings: JP¥5.4tTotal Revenue: JP¥67.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Tech Sector Price to Earnings3Y Average 24.4x202420252026
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 32.1x which is higher than its 3-year average PE of 24.4x.
  • 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 2.1% 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-1.33%
Tech3.02%
Semiconductors11.31%
Communications0.27%
Electronic Equipment and Components-1.56%
Software-3.26%
IT-3.53%
Tech Hardware-4.23%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 25.2x.
    • Analysts are expecting annual earnings growth of 20.0%, which is higher than its past year's earnings growth of 7.4% 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 20% over the next 5 years.
  • This is better than its past earnings growth rate of 7.4% 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
6857 AdvantestJP¥26.86k17.5%
+JP¥2.9t		205.5%PE67.6x
285A Kioxia HoldingsJP¥19.25k7.5%
+JP¥726.9b		986.7%PE67.5x
6723 Renesas ElectronicsJP¥2.62k4.3%
+JP¥193.9b		24.9%PS3.8x
6787 Meiko ElectronicsJP¥11.51k11.3%
+JP¥30.0b		28.9%PE16.7x
7735 SCREEN HoldingsJP¥19.98k1.4%
+JP¥26.0b		84.6%PE20.4x

Latest News

6857
JP¥26,860.00
Advantest
7D
17.5%
1Y
205.5%
6702
JP¥4,075.00
Fujitsu
7D
-6.0%
1Y
39.7%
285A
JP¥19,245.00
Kioxia Holdings
7D
7.5%
1Y
986.7%
6701
JP¥5,537.00
NEC
7D
-2.9%
1Y
111.1%
4684
JP¥4,427.00
OBICLtd
7D
-5.5%
1Y
-6.0%

OBICLtd (TSE:4684) Is Paying Out A Larger Dividend Than Last Year

Jan 28
OBICLtd (TSE:4684) Is Paying Out A Larger Dividend Than Last Year
6146
JP¥67,340.00
Disco
7D
-1.8%
1Y
46.8%
6787
JP¥11,510.00
Meiko Electronics
7D
11.3%
1Y
28.9%
6963
JP¥2,711.50
ROHM
7D
2.4%
1Y
82.1%

Fair Long-Term View Centers On SiC Power Devices And Automotive Expansion

Catalysts About ROHM ROHM is a semiconductor company focused on power and analog technologies across automotive, industrial and consumer markets. What are the underlying business or industry changes driving this perspective?
7735
JP¥19,980.00
SCREEN Holdings
7D
1.4%
1Y
84.6%

Is Now An Opportune Moment To Examine SCREEN Holdings Co., Ltd. (TSE:7735)?

Jan 26
Is Now An Opportune Moment To Examine SCREEN Holdings Co., Ltd. (TSE:7735)?
7729
JP¥14,045.00
Tokyo Seimitsu
7D
3.8%
1Y
90.2%

Investors Still Waiting For A Pull Back In Tokyo Seimitsu Co., Ltd. (TSE:7729)

Jan 25
Investors Still Waiting For A Pull Back In Tokyo Seimitsu Co., Ltd. (TSE:7729)
8035
JP¥41,330.00
Tokyo Electron
7D
-2.8%
1Y
63.0%

8035: Higher Guidance And Dividend Policy Will Shape A Balanced Outlook

Analysts have raised their price target for Tokyo Electron from ¥34,725 to ¥38,593, citing updated assumptions for slightly higher revenue growth, a modestly stronger profit margin, and a higher future P/E multiple as key drivers of the revision. What's in the News Revised earnings guidance for the fiscal year ending March 31, 2026 now points to net sales of ¥2.38b and operating income of ¥586,000m, compared with the previous forecast of ¥2.35b in net sales and ¥570,000m in operating income (Key Developments).
6055
JP¥1,775.00
JAPAN MATERIAL
7D
9.2%
1Y
4.0%

JAPAN MATERIAL Co., Ltd.'s (TSE:6055) Share Price Not Quite Adding Up

Jan 22
JAPAN MATERIAL Co., Ltd.'s (TSE:6055) Share Price Not Quite Adding Up
6723
JP¥2,624.50
Renesas Electronics
7D
4.3%
1Y
24.9%

6723: Future Margin Pressure From New Auto And IoT Platforms Will Persist

Analysts have trimmed their fair value estimate for Renesas Electronics from ¥2,000 to ¥1,950, reflecting updated assumptions for higher revenue growth, a lower profit margin, a slightly higher discount rate, and a higher future P/E multiple. What's in the News Renesas is expanding its software defined vehicle offering around the fifth generation R Car family, introducing the R Car X5H automotive SoC manufactured on a 3nm process and designed to run ADAS, in vehicle infotainment and gateway functions on a single chip, with reported power consumption up to 35% lower than previous 5nm solutions.
4901
JP¥3,050.00
FUJIFILM Holdings
7D
-5.3%
1Y
-11.2%
6861
JP¥58,780.00
Keyence
7D
-0.9%
1Y
-12.3%

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
6981
JP¥3,135.00
Murata Manufacturing
7D
-6.0%
1Y
25.6%