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Japanese (NIKKEI) Tech Sector Analysis

UpdatedFeb 02, 2026
DataAggregated Company Financials
Companies673
  • 7D-1.0%
  • 3M7.4%
  • 1Y38.8%
  • YTD7.0%

The Tech industry is down 1.0% over the last week with NEC the worst performer, down 11%. Meanwhile, Kioxia Holdings actually outperformed within the industry, gaining 23% in the last week. Over the past 12 months, the industry was up 39%. 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
Mon, 02 Feb 2026JP¥168.9tJP¥72.1tJP¥5.6t17.1x30.1x2.3x
Wed, 31 Dec 2025JP¥153.3tJP¥71.7tJP¥5.3t17.2x28.8x2.1x
Fri, 28 Nov 2025JP¥150.7tJP¥71.6tJP¥5.3t17.1x28.4x2.1x
Sun, 26 Oct 2025JP¥147.1tJP¥70.7tJP¥5.0t17.2x29.4x2.1x
Tue, 23 Sep 2025JP¥143.8tJP¥75.5tJP¥5.1t17.4x28.1x1.9x
Thu, 21 Aug 2025JP¥130.8tJP¥75.4tJP¥5.1t16.9x25.6x1.7x
Sat, 19 Jul 2025JP¥123.7tJP¥70.7tJP¥5.2t16.3x23.8x1.7x
Mon, 16 Jun 2025JP¥123.7tJP¥75.3tJP¥5.4t15.7x23.1x1.6x
Wed, 14 May 2025JP¥125.4tJP¥74.9tJP¥5.5t15.5x22.8x1.7x
Fri, 11 Apr 2025JP¥109.4tJP¥74.2tJP¥5.6t14.4x19.7x1.5x
Sun, 09 Mar 2025JP¥120.8tJP¥74.8tJP¥5.6t15.7x21.7x1.6x
Tue, 04 Feb 2025JP¥125.9tJP¥74.3tJP¥5.4t16.3x23.5x1.7x
Thu, 02 Jan 2025JP¥127.6tJP¥73.9tJP¥5.1t16.7x25.2x1.7x
Sat, 30 Nov 2024JP¥123.1tJP¥72.5tJP¥5.1t16.5x24x1.7x
Mon, 28 Oct 2024JP¥123.0tJP¥71.8tJP¥5.1t15.4x24.3x1.7x
Wed, 25 Sep 2024JP¥125.6tJP¥71.8tJP¥5.1t16.3x24.9x1.8x
Fri, 23 Aug 2024JP¥129.5tJP¥71.9tJP¥5.1t16.2x25.6x1.8x
Sun, 21 Jul 2024JP¥138.2tJP¥70.7tJP¥4.8t17.7x28.5x2x
Tue, 18 Jun 2024JP¥133.5tJP¥70.5tJP¥4.8t16.7x27.8x1.9x
Thu, 16 May 2024JP¥131.7tJP¥70.4tJP¥4.7t16.8x28.1x1.9x
Sat, 13 Apr 2024JP¥136.1tJP¥69.9tJP¥4.5t17.5x29.9x1.9x
Mon, 11 Mar 2024JP¥137.8tJP¥70.3tJP¥4.6t18x30.2x2x
Wed, 07 Feb 2024JP¥126.3tJP¥70.3tJP¥4.6t17.5x27.4x1.8x
Fri, 05 Jan 2024JP¥117.6tJP¥71.3tJP¥4.8t17.1x24.7x1.6x
Sun, 03 Dec 2023JP¥117.3tJP¥71.3tJP¥4.8t17.1x24.7x1.6x
Tue, 31 Oct 2023JP¥104.4tJP¥70.7tJP¥5.0t15.8x21.1x1.5x
Thu, 28 Sep 2023JP¥108.6tJP¥70.5tJP¥5.0t16.8x21.7x1.5x
Sat, 26 Aug 2023JP¥108.4tJP¥70.4tJP¥5.0t16.6x21.7x1.5x
Mon, 24 Jul 2023JP¥110.8tJP¥69.7tJP¥5.1t16.5x21.5x1.6x
Wed, 21 Jun 2023JP¥115.2tJP¥69.6tJP¥5.1t16.8x22.4x1.7x
Fri, 19 May 2023JP¥106.0tJP¥69.5tJP¥5.2t15.8x20.6x1.5x
Sun, 16 Apr 2023JP¥97.1tJP¥67.7tJP¥5.3t15.2x18.4x1.4x
Tue, 14 Mar 2023JP¥97.2tJP¥68.5tJP¥5.4t15.3x18.1x1.4x
Thu, 09 Feb 2023JP¥96.1tJP¥67.6tJP¥5.4t15.3x17.9x1.4x
Price to Earnings Ratio

17.9x


Total Market Cap: JP¥96.1tTotal Earnings: JP¥5.4tTotal Revenue: JP¥67.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Tech Sector Price to Earnings3Y Average 24.5x202420252026
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 30.1x which is higher than its 3-year average PE of 24.5x.
  • 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 2.2% 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-1.65%
Tech-1.02%
Semiconductors4.31%
Communications-1.62%
Tech Hardware-2.52%
Electronic Equipment and Components-3.55%
Software-5.64%
IT-7.38%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 25.4x.
    • Analysts are expecting annual earnings growth of 21.1%, 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 21% 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
6857 AdvantestJP¥24.47k3.8%
+JP¥625.1b		194.8%PE61.6x
6702 FujitsuJP¥4.36k8.0%
+JP¥563.7b		42.9%PE24.1x
285A Kioxia HoldingsJP¥18.35k5.2%
+JP¥490.0b		926.3%PE64.3x
7751 CanonJP¥4.75k5.7%
+JP¥224.0b		-3.5%PE12.6x
6723 Renesas ElectronicsJP¥2.47k5.0%
+JP¥212.0b		23.0%PS3.5x

Latest News

4307
JP¥4,624.00
Nomura Research Institute
7D
-20.8%
1Y
-11.5%

Analysts Are Updating Their Nomura Research Institute, Ltd. (TSE:4307) Estimates After Its Third-Quarter Results

Jan 31
Analysts Are Updating Their Nomura Research Institute, Ltd. (TSE:4307) Estimates After Its Third-Quarter Results
6861
JP¥55,910.00
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7D
-4.2%
1Y
-12.1%

Keyence Corporation Just Recorded A 9.8% EPS Beat: Here's What Analysts Are Forecasting Next

Jan 31
Keyence Corporation Just Recorded A 9.8% EPS Beat: Here's What Analysts Are Forecasting Next
6702
JP¥4,358.00
Fujitsu
7D
8.0%
1Y
42.9%

Fujitsu (TSE:6702) Is Increasing Its Dividend To ¥35.00

Jan 31
Fujitsu (TSE:6702) Is Increasing Its Dividend To ¥35.00
7751
JP¥4,749.00
Canon
7D
5.7%
1Y
-3.5%

Earnings Beat: Canon Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Jan 31
Earnings Beat: Canon Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
6920
JP¥31,310.00
Lasertec
7D
-12.3%
1Y
104.4%
285A
JP¥18,350.00
Kioxia Holdings
7D
5.2%
1Y
926.3%
6857
JP¥24,470.00
Advantest
7D
3.8%
1Y
194.8%

Advantest Corporation Just Recorded A 61% EPS Beat: Here's What Analysts Are Forecasting Next

Jan 31
Advantest Corporation Just Recorded A 61% EPS Beat: Here's What Analysts Are Forecasting Next
8035
JP¥39,720.00
Tokyo Electron
7D
-3.3%
1Y
54.3%

Tokyo Electron (TSE:8035) Might Become A Compounding Machine

Jan 30
Tokyo Electron (TSE:8035) Might Become A Compounding Machine
6701
JP¥5,226.00
NEC
7D
-6.9%
1Y
70.8%
4684
JP¥4,260.00
OBICLtd
7D
-7.4%
1Y
-6.6%

The OBIC Co.,Ltd. (TSE:4684) Third-Quarter Results Are Out And Analysts Have Published New Forecasts

Jan 29
The OBIC Co.,Ltd. (TSE:4684) Third-Quarter Results Are Out And Analysts Have Published New Forecasts
6146
JP¥62,270.00
Disco
7D
-6.4%
1Y
45.0%
6787
JP¥12,650.00
Meiko Electronics
7D
32.2%
1Y
49.7%
6971
JP¥2,334.00
Kyocera
7D
2.5%
1Y
47.9%
6762
JP¥1,978.50
TDK
7D
3.1%
1Y
15.0%
6723
JP¥2,472.00
Renesas Electronics
7D
5.0%
1Y
23.0%

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.
6981
JP¥3,034.00
Murata Manufacturing
7D
-4.6%
1Y
28.1%