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Japanese (NIKKEI) Tech Sector Analysis

UpdatedFeb 10, 2026
DataAggregated Company Financials
Companies674
  • 7D3.5%
  • 3M10.8%
  • 1Y41.3%
  • YTD7.5%

The Tech industry is up 3.5% in the last week, with Advantest up 5.9%. Meanwhile, Kioxia Holdings actually underperformed within the industry, shrinking 9.7% in the last week. In the last 12 months, the industry was up 41%. As for the next few years, earnings are expected to grow by 15% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Feb 2026JP¥169.8tJP¥72.7tJP¥5.7t16.9x29.9x2.3x
Thu, 08 Jan 2026JP¥160.1tJP¥71.7tJP¥5.3t17.5x30.1x2.2x
Sat, 06 Dec 2025JP¥151.9tJP¥71.6tJP¥5.3t16.8x28.6x2.1x
Mon, 03 Nov 2025JP¥157.5tJP¥71.4tJP¥5.3t17.1x29.6x2.2x
Wed, 01 Oct 2025JP¥140.5tJP¥75.5tJP¥5.1t17.2x27.4x1.9x
Fri, 29 Aug 2025JP¥131.4tJP¥75.5tJP¥5.1t16.9x25.7x1.7x
Sun, 27 Jul 2025JP¥126.0tJP¥70.7tJP¥4.9t16.8x25.5x1.8x
Tue, 24 Jun 2025JP¥119.4tJP¥70.6tJP¥5.2t16.1x22.9x1.7x
Thu, 22 May 2025JP¥122.0tJP¥75.1tJP¥5.4t15.4x22.8x1.6x
Sat, 19 Apr 2025JP¥109.7tJP¥74.2tJP¥5.6t14.8x19.7x1.5x
Mon, 17 Mar 2025JP¥121.7tJP¥74.7tJP¥5.6t15.8x21.8x1.6x
Wed, 12 Feb 2025JP¥128.0tJP¥74.7tJP¥5.4t16.1x23.7x1.7x
Fri, 10 Jan 2025JP¥128.4tJP¥74.1tJP¥5.3t16.7x24.4x1.7x
Sun, 08 Dec 2024JP¥124.4tJP¥72.5tJP¥5.1t16.6x24.2x1.7x
Tue, 05 Nov 2024JP¥123.9tJP¥71.9tJP¥5.0t15.8x24.6x1.7x
Thu, 03 Oct 2024JP¥129.1tJP¥71.8tJP¥5.1t16.3x25.5x1.8x
Sat, 31 Aug 2024JP¥129.9tJP¥71.9tJP¥5.0t16.8x25.7x1.8x
Mon, 29 Jul 2024JP¥127.5tJP¥71.0tJP¥4.9t16.8x26.1x1.8x
Wed, 26 Jun 2024JP¥136.1tJP¥70.5tJP¥4.8t17.1x28.3x1.9x
Fri, 24 May 2024JP¥136.0tJP¥70.6tJP¥4.8t16.7x28.3x1.9x
Sun, 21 Apr 2024JP¥126.3tJP¥70.0tJP¥4.6t16.7x27.8x1.8x
Tue, 19 Mar 2024JP¥135.8tJP¥70.3tJP¥4.6t18x29.8x1.9x
Thu, 15 Feb 2024JP¥130.3tJP¥70.3tJP¥4.6t17.3x28.5x1.9x
Sat, 13 Jan 2024JP¥123.5tJP¥71.3tJP¥4.8t17.1x25.9x1.7x
Mon, 11 Dec 2023JP¥113.4tJP¥71.3tJP¥4.8t16.7x23.8x1.6x
Wed, 08 Nov 2023JP¥109.8tJP¥71.1tJP¥4.9t16.3x22.4x1.5x
Fri, 06 Oct 2023JP¥107.7tJP¥70.5tJP¥5.0t16.3x21.6x1.5x
Sun, 03 Sep 2023JP¥111.6tJP¥70.4tJP¥5.0t17x22.3x1.6x
Tue, 01 Aug 2023JP¥112.8tJP¥69.8tJP¥5.1t16.8x22x1.6x
Thu, 29 Jun 2023JP¥110.7tJP¥69.6tJP¥5.1t16.6x21.5x1.6x
Sat, 27 May 2023JP¥108.6tJP¥69.5tJP¥5.1t15.9x21.1x1.6x
Mon, 24 Apr 2023JP¥97.5tJP¥67.7tJP¥5.3t15.2x18.5x1.4x
Wed, 22 Mar 2023JP¥94.1tJP¥67.7tJP¥5.3t14.9x17.8x1.4x
Fri, 17 Feb 2023JP¥96.4tJP¥68.4tJP¥5.3t15.2x18.2x1.4x
Price to Earnings Ratio

18.2x


Total Market Cap: JP¥96.4tTotal Earnings: JP¥5.3tTotal Revenue: JP¥68.4tTotal 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 29.9x 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 grown 2.3% per year over the last three years.
  • Revenues for these companies have grown 2.0% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Japanese Tech sector?

JP Market6.50%
Tech3.47%
Semiconductors8.60%
Electronic Equipment and Components5.41%
Communications3.52%
Tech Hardware2.22%
Software-6.50%
IT-8.54%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 25.7x.
    • Analysts are expecting annual earnings growth of 20.8%, which is higher than its past year's earnings growth of 7.3% 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 21% over the next 5 years.
  • This is better than its past earnings growth rate of 7.3% 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
6857 AdvantestJP¥27.68k6.3%
+JP¥1.4t		220.1%PE70.2x
6146 DiscoJP¥75.37k12.6%
+JP¥916.2b		62.4%PE62.3x
6723 Renesas ElectronicsJP¥2.98k15.1%
+JP¥710.9b		22.4%PS4.1x
6762 TDKJP¥2.32k4.8%
+JP¥203.1b		32.1%PE23.5x
6645 OMRONJP¥4.87k21.3%
+JP¥168.3b		0%PE40.9x

Latest News

6806
JP¥21,015.00
Hirose ElectricLtd
7D
23.3%
1Y
16.4%
3626
JP¥3,567.00
TIS
7D
-19.4%
1Y
-5.3%
6701
JP¥4,835.00
NEC
7D
-9.7%
1Y
58.7%
4901
JP¥3,050.00
FUJIFILM Holdings
7D
-2.8%
1Y
-1.0%

The FUJIFILM Holdings Corporation (TSE:4901) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Feb 08
The FUJIFILM Holdings Corporation (TSE:4901) Third-Quarter Results Are Out And Analysts Have Published New Forecasts
6702
JP¥4,123.00
Fujitsu
7D
-6.5%
1Y
39.2%

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).
7729
JP¥16,700.00
Tokyo Seimitsu
7D
17.9%
1Y
86.4%
6971
JP¥2,715.50
Kyocera
7D
4.5%
1Y
64.0%

Kyocera (TSE:6971) Has Announced A Dividend Of ¥25.00

Feb 06
Kyocera (TSE:6971) Has Announced A Dividend Of ¥25.00
4062
JP¥7,918.00
IbidenLtd
7D
-5.6%
1Y
326.5%

Ibiden Co.,Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now

Feb 06
Ibiden Co.,Ltd. Earnings Missed Analyst Estimates: Here's What Analysts Are Forecasting Now
6723
JP¥2,982.50
Renesas Electronics
7D
15.1%
1Y
22.4%
6645
JP¥4,870.00
OMRON
7D
21.3%
1Y
0%
6920
JP¥30,910.00
Lasertec
7D
-3.7%
1Y
102.7%
6762
JP¥2,319.50
TDK
7D
4.8%
1Y
32.1%

TDK (TSE:6762) Is Increasing Its Dividend To ¥18.00

Feb 05
TDK (TSE:6762) Is Increasing Its Dividend To ¥18.00
4307
JP¥4,404.00
Nomura Research Institute
7D
-5.1%
1Y
-17.8%

4307: Financial Platform Services Will Support Future Upside As Industrial IT Recovers

Analysts have trimmed their fair value estimate for Nomura Research Institute slightly to ¥6,563 from ¥6,596, reflecting small adjustments to inputs such as the discount rate, revenue growth assumptions, profit margin, and future P/E expectations. Valuation Changes Fair Value Estimate: trimmed slightly to ¥6,563 from ¥6,596.
6857
JP¥27,675.00
Advantest
7D
6.3%
1Y
220.1%

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).
285A
JP¥18,845.00
Kioxia Holdings
7D
-9.3%
1Y
955.7%
6146
JP¥75,370.00
Disco
7D
12.6%
1Y
62.4%