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Japanese (NIKKEI) Tech Sector Analysis

UpdatedFeb 14, 2026
DataAggregated Company Financials
Companies674
  • 7D4.0%
  • 3M13.4%
  • 1Y40.5%
  • YTD8.2%

Over the last 7 days, the Tech industry has risen 4.0%, driven by gains in Kioxia Holdings and Advantest of 20% and 11%, respectively. This means that the industry has gained 41% over the past year. As for the next few years, earnings are expected to grow by 16% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 14 Feb 2026JP¥170.7tJP¥72.9tJP¥5.7t16.5x30x2.3x
Mon, 12 Jan 2026JP¥159.2tJP¥71.7tJP¥5.3t17.5x29.9x2.2x
Wed, 10 Dec 2025JP¥153.6tJP¥71.6tJP¥5.3t16.8x28.9x2.1x
Fri, 07 Nov 2025JP¥153.1tJP¥71.4tJP¥5.3t16.9x28.7x2.1x
Sun, 05 Oct 2025JP¥137.9tJP¥70.8tJP¥5.0t16.9x27.7x1.9x
Tue, 02 Sep 2025JP¥129.6tJP¥75.5tJP¥5.1t16.9x25.3x1.7x
Thu, 31 Jul 2025JP¥124.4tJP¥70.9tJP¥5.0t16.8x24.8x1.8x
Sat, 28 Jun 2025JP¥125.5tJP¥70.6tJP¥5.2t16.2x24.1x1.8x
Mon, 26 May 2025JP¥121.7tJP¥75.5tJP¥5.4t15.5x22.6x1.6x
Wed, 23 Apr 2025JP¥108.3tJP¥74.2tJP¥5.6t14.7x19.5x1.5x
Fri, 21 Mar 2025JP¥123.4tJP¥74.7tJP¥5.6t15.9x22.1x1.7x
Sun, 16 Feb 2025JP¥129.4tJP¥74.9tJP¥5.4t16.2x23.8x1.7x
Tue, 14 Jan 2025JP¥128.2tJP¥73.4tJP¥5.3t16.6x24.3x1.7x
Thu, 12 Dec 2024JP¥125.4tJP¥72.5tJP¥5.1t16.6x24.4x1.7x
Sat, 09 Nov 2024JP¥129.1tJP¥72.1tJP¥5.1t16.3x25.5x1.8x
Mon, 07 Oct 2024JP¥128.3tJP¥71.7tJP¥5.1t16.4x25.4x1.8x
Wed, 04 Sep 2024JP¥130.4tJP¥71.9tJP¥5.1t16.9x25.8x1.8x
Fri, 02 Aug 2024JP¥129.1tJP¥71.2tJP¥5.0t16.4x25.9x1.8x
Sun, 30 Jun 2024JP¥137.7tJP¥70.5tJP¥4.8t17.2x28.6x2x
Tue, 28 May 2024JP¥135.3tJP¥70.6tJP¥4.8t16.7x28.1x1.9x
Thu, 25 Apr 2024JP¥130.3tJP¥70.0tJP¥4.6t17.1x28.6x1.9x
Sat, 23 Mar 2024JP¥139.6tJP¥70.3tJP¥4.6t18x30.6x2x
Mon, 19 Feb 2024JP¥132.5tJP¥70.3tJP¥4.6t17.3x29.1x1.9x
Wed, 17 Jan 2024JP¥123.7tJP¥71.4tJP¥4.8t17.3x26x1.7x
Fri, 15 Dec 2023JP¥116.8tJP¥71.3tJP¥4.8t16.5x24.6x1.6x
Sun, 12 Nov 2023JP¥111.6tJP¥70.9tJP¥4.7t16.4x23.5x1.6x
Tue, 10 Oct 2023JP¥105.3tJP¥70.4tJP¥5.0t16.3x21.1x1.5x
Thu, 07 Sep 2023JP¥113.4tJP¥70.4tJP¥5.0t17.4x22.7x1.6x
Sat, 05 Aug 2023JP¥109.9tJP¥69.6tJP¥5.0t16.1x22x1.6x
Mon, 03 Jul 2023JP¥113.7tJP¥69.6tJP¥5.1t16.5x22.1x1.6x
Wed, 31 May 2023JP¥109.5tJP¥69.5tJP¥5.1t15.9x21.3x1.6x
Fri, 28 Apr 2023JP¥96.2tJP¥67.9tJP¥5.3t15.1x18.2x1.4x
Sun, 26 Mar 2023JP¥96.1tJP¥67.7tJP¥5.3t15.2x18.2x1.4x
Tue, 21 Feb 2023JP¥94.8tJP¥68.5tJP¥5.4t15.2x17.7x1.4x
Price to Earnings Ratio

17.7x


Total Market Cap: JP¥94.8tTotal Earnings: JP¥5.4tTotal Revenue: JP¥68.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Tech Sector Price to Earnings3Y Average 24.6x202420252026
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 30.0x which is higher than its 3-year average PE of 24.6x.
  • 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 Market3.26%
Tech3.99%
Semiconductors7.99%
Electronic Equipment and Components3.83%
Communications1.35%
Tech Hardware-0.17%
Software-2.21%
IT-3.14%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 25.8x.
    • Analysts are expecting annual earnings growth of 21.8%, 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 22% 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 7.4% 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¥22.85k19.6%
+JP¥2.0t		1,113.2%PE73.9x
6857 AdvantestJP¥27.13k10.6%
+JP¥1.9t		198.6%PE68.8x
6146 DiscoJP¥73.06k11.0%
+JP¥787.2b		61.0%PE60.3x
6861 KeyenceJP¥55.59k4.4%
+JP¥565.1b		-12.5%PE32.2x
8035 Tokyo ElectronJP¥41.99k2.3%
+JP¥440.1b		69.1%PE38.3x

Latest News

6701
JP¥4,099.00
NEC
7D
-4.9%
1Y
33.2%

The Price Is Right For NEC Corporation (TSE:6701) Even After Diving 31%

Feb 13
The Price Is Right For NEC Corporation (TSE:6701) Even After Diving 31%
5214
JP¥5,700.00
Nippon Electric Glass
7D
-18.7%
1Y
60.7%

Nippon Electric Glass' (TSE:5214) Earnings Are Of Questionable Quality

Feb 13
Nippon Electric Glass' (TSE:5214) Earnings Are Of Questionable Quality
285A
JP¥22,845.00
Kioxia Holdings
7D
19.6%
1Y
1,113.2%
4980
JP¥2,236.50
Dexerials
7D
-22.3%
1Y
-1.2%
7729
JP¥16,630.00
Tokyo Seimitsu
7D
20.1%
1Y
86.2%
4307
JP¥4,053.00
Nomura Research Institute
7D
-4.0%
1Y
-24.3%

Nomura Research Institute, Ltd.'s (TSE:4307) 32% Cheaper Price Remains In Tune With Earnings

Feb 13
Nomura Research Institute, Ltd.'s (TSE:4307) 32% Cheaper Price Remains In Tune With Earnings
4062
JP¥8,640.00
IbidenLtd
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21.9%
1Y
362.5%

We Think That There Are Issues Underlying IbidenLtd's (TSE:4062) Earnings

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4812
JP¥1,825.00
Dentsu Soken
7D
-13.3%
1Y
-17.7%
3626
JP¥3,174.00
TIS
7D
-8.1%
1Y
-15.8%
8035
JP¥41,990.00
Tokyo Electron
7D
2.3%
1Y
69.1%

Revenue Miss: Tokyo Electron Limited Fell 10.0% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

Feb 09
Revenue Miss: Tokyo Electron Limited Fell 10.0% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models
6702
JP¥3,828.00
Fujitsu
7D
-2.2%
1Y
24.3%

6702: Dividend Hike And Buybacks Will Support Future Margins

Analysts have nudged their fair value estimate for Fujitsu higher from ¥4,840.91 to ¥4,961.54, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E levels. What's in the News Board meeting on January 29, 2026, to review the reason for revising the dividend forecast and an overview of the revisions (Key Developments).
6787
JP¥19,490.00
Meiko Electronics
7D
48.3%
1Y
124.3%
6845
JP¥1,283.00
Azbil
7D
-7.7%
1Y
8.7%
6861
JP¥55,590.00
Keyence
7D
4.4%
1Y
-12.5%

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¥27,130.00
Advantest
7D
10.6%
1Y
198.6%

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).
6146
JP¥73,060.00
Disco
7D
11.0%
1Y
61.0%