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Japanese (NIKKEI) Tech Sector Analysis

UpdatedApr 06, 2026
DataAggregated Company Financials
Companies666
  • 7D0.1%
  • 3M2.9%
  • 1Y60.7%
  • YTD2.9%

Over the last 7 days, the Tech industry has remained flat, although notably Kioxia Holdings gained 7.8%. As for the the longer term, the industry is up 61% over the past 12 months. Earnings are forecast to grow by 18% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 06 Apr 2026JP¥160.0tJP¥71.9tJP¥5.6t16.1x28.5x2.2x
Wed, 04 Mar 2026JP¥171.7tJP¥73.1tJP¥5.7t16.2x30.2x2.3x
Fri, 30 Jan 2026JP¥170.2tJP¥71.7tJP¥5.4t17.2x31.7x2.4x
Sun, 28 Dec 2025JP¥154.9tJP¥71.7tJP¥5.3t17.3x29.1x2.2x
Tue, 25 Nov 2025JP¥147.0tJP¥71.6tJP¥5.3t16.9x27.7x2.1x
Thu, 23 Oct 2025JP¥146.0tJP¥70.7tJP¥5.0t17.1x29.3x2.1x
Sat, 20 Sep 2025JP¥141.3tJP¥75.5tJP¥5.1t17.3x27.6x1.9x
Mon, 18 Aug 2025JP¥125.8tJP¥70.8tJP¥5.0t16.7x25.3x1.8x
Wed, 16 Jul 2025JP¥123.6tJP¥70.7tJP¥5.2t16.1x23.7x1.7x
Fri, 13 Jun 2025JP¥125.8tJP¥75.3tJP¥5.4t16.1x23.5x1.7x
Sun, 11 May 2025JP¥122.2tJP¥74.9tJP¥5.5t15.4x22.2x1.6x
Tue, 08 Apr 2025JP¥97.3tJP¥74.2tJP¥5.6t13x17.5x1.3x
Thu, 06 Mar 2025JP¥122.9tJP¥74.8tJP¥5.6t15.7x22x1.6x
Sat, 01 Feb 2025JP¥129.6tJP¥74.2tJP¥5.2t16.6x24.9x1.7x
Mon, 30 Dec 2024JP¥128.5tJP¥73.9tJP¥5.1t16.7x25.4x1.7x
Wed, 27 Nov 2024JP¥123.0tJP¥72.5tJP¥5.1t16.7x23.9x1.7x
Fri, 25 Oct 2024JP¥123.8tJP¥71.8tJP¥5.1t15.6x24.5x1.7x
Sun, 22 Sep 2024JP¥125.2tJP¥71.8tJP¥5.1t16.3x24.8x1.7x
Tue, 20 Aug 2024JP¥126.3tJP¥71.9tJP¥5.0t15.7x25x1.8x
Thu, 18 Jul 2024JP¥142.2tJP¥70.7tJP¥4.8t17.8x29.4x2x
Sat, 15 Jun 2024JP¥135.4tJP¥70.5tJP¥4.8t16.8x28.2x1.9x
Mon, 13 May 2024JP¥130.9tJP¥70.4tJP¥4.7t17x28.1x1.9x
Wed, 10 Apr 2024JP¥135.4tJP¥69.9tJP¥4.5t17.7x29.8x1.9x
Fri, 08 Mar 2024JP¥137.6tJP¥70.3tJP¥4.6t18x30.2x2x
Sun, 04 Feb 2024JP¥127.2tJP¥71.3tJP¥4.7t17.7x27.2x1.8x
Tue, 02 Jan 2024JP¥119.2tJP¥71.3tJP¥4.8t17x25.1x1.7x
Thu, 30 Nov 2023JP¥116.7tJP¥71.1tJP¥4.8t17x24.5x1.6x
Sat, 28 Oct 2023JP¥103.9tJP¥70.8tJP¥5.0t16.1x20.6x1.5x
Mon, 25 Sep 2023JP¥107.9tJP¥70.4tJP¥5.0t16.8x21.6x1.5x
Wed, 23 Aug 2023JP¥107.5tJP¥70.2tJP¥5.0t16.4x21.6x1.5x
Fri, 21 Jul 2023JP¥112.1tJP¥69.7tJP¥5.1t16.5x21.8x1.6x
Sun, 18 Jun 2023JP¥116.1tJP¥69.6tJP¥5.1t16.6x22.6x1.7x
Tue, 16 May 2023JP¥101.9tJP¥69.3tJP¥5.3t15.9x19.4x1.5x
Thu, 13 Apr 2023JP¥96.4tJP¥67.7tJP¥5.3t15.3x18.3x1.4x
Price to Earnings Ratio

18.3x


Total Market Cap: JP¥96.4tTotal Earnings: JP¥5.3tTotal Revenue: JP¥67.7tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Tech Sector Price to Earnings3Y Average 25.2x202420252026
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 28.5x which is higher than its 3-year average PE of 25.2x.
  • The 3-year average PS ratio of 1.8x is lower than the industry's current PS ratio of 2.2x.
Past Earnings Growth
  • The earnings for companies in the Information Technology industry have grown 2.0% 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 Market-0.14%
Tech0.12%
Tech Hardware1.36%
IT1.30%
Software0.13%
Semiconductors-0.13%
Electronic Equipment and Components-0.35%
Communications-0.72%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 27.6x.
    • Analysts are expecting annual earnings growth of 27.3%, which is higher than its past year's earnings decline of 4.2% per year.
  • Investors are most pessimistic about the Tech Hardware industry, which is trading below its 3-year average of 18.2x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings decline of 4.2% per year.
  • In contrast, the Tech Hardware industry is expected to see its earnings grow by 7.2% 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¥22.81k13.9%
+JP¥1.5t		1,402.6%PE74.5x
6857 AdvantestJP¥21.92k4.7%
+JP¥724.7b		335.3%PE55.6x
6861 KeyenceJP¥58.33k5.3%
+JP¥717.9b		15.3%PE33.8x
6981 Murata ManufacturingJP¥3.84k8.5%
+JP¥547.9b		105.8%PE36.8x
6146 DiscoJP¥67.15k4.5%
+JP¥314.5b		184.5%PE55.5x

Latest News

6590
JP¥4,090.00
Shibaura Mechatronics
7D
-4.0%
1Y
291.8%

Is There Now An Opportunity In Shibaura Mechatronics Corporation (TSE:6590)?

Apr 05
Is There Now An Opportunity In Shibaura Mechatronics Corporation (TSE:6590)?
6701
JP¥4,020.00
NEC
7D
6.1%
1Y
50.6%

6701: Share Repurchase And Higher Margins Will Support Stronger Future Upside

Analysts have lifted their price target on NEC from ¥5,450 to about ¥7,981, noting updates in their models that reflect the latest assumptions for fair value, discount rate, revenue growth, profit margins and future P/E expectations. What's in the News NEC completed a share repurchase of 6,800,000 shares, representing 0.51% of its issued share capital, for ¥27,292.83 million between February 9, 2026 and March 24, 2026, under the buyback announced on February 9, 2026 (Key Developments).
3436
JP¥1,748.50
Sumco
7D
-1.9%
1Y
133.8%

3436: Expected Losses And Affiliate Reclassification Will Limit Future Share Upside

Analysts have raised their fair value estimate for Sumco from ¥972.92 to ¥1,050.00, attributing the change to adjustments in the discount rate, revenue growth, profit margin, and a higher assumed future P/E multiple. What's in the News A board meeting is scheduled for February 19, 2026, to consider reclassifying Formosa Sumco Technology Corporation from a consolidated subsidiary to an equity method affiliate through a partial share sale on the securities market.
6525
JP¥5,014.00
Kokusai Electric
7D
-3.3%
1Y
180.2%

6525: Index Inclusion And Fair Value Reset Will Support Stronger Future Repricing

Analysts have raised Kokusai Electric's fair value estimate from ¥7,500 to ¥10,000, citing updated assumptions for revenue growth, profit margins, and future P/E multiples following recent quarterly results and a refreshed sector outlook. Analyst Commentary Recent Street research around Kokusai Electric has been mixed, but the overall tone of the fair value reset points to more constructive assumptions on growth, margins, and valuation, especially after the latest quarterly results and updated sector outlook.
4901
JP¥3,145.00
FUJIFILM Holdings
7D
7.4%
1Y
21.3%
6857
JP¥21,915.00
Advantest
7D
4.7%
1Y
335.3%

6857: Capital Returns And Margin Strength Will Support Future Upside

Analysts have raised their price target on Advantest from about ¥19,200 to roughly ¥28,400, citing updated assumptions for higher revenue growth, stronger profit margins and a slightly different P/E outlook as key drivers of the change. What's in the News A board meeting is scheduled for January 28, 2026, to discuss the cancellation of treasury shares, indicating a focus on capital structure decisions (company filing).
8035
JP¥38,490.00
Tokyo Electron
7D
-0.9%
1Y
125.6%
6787
JP¥25,760.00
Meiko Electronics
7D
-6.1%
1Y
448.7%
6146
JP¥67,150.00
Disco
7D
4.5%
1Y
184.5%
167A
JP¥2,683.00
Ryoyo Ryosan Holdings
7D
-11.9%
1Y
26.3%
6702
JP¥3,259.00
Fujitsu
7D
4.4%
1Y
24.1%

6702: AI Development Productivity And Buybacks Will Support Future Upside

Analysts have set a slightly lower fair value price target for Fujitsu at ¥3,960, down from ¥4,025. This reflects updated assumptions for the discount rate, revenue growth, profit margin and future P/E that they consider better aligned with current inputs.
7735
JP¥9,004.00
SCREEN Holdings
7D
-1.3%
1Y
127.7%

7735: Earnings Guidance And Stock Split Will Continue To Limit Upside

Analysts have maintained their price target for SCREEN Holdings at ¥12,000, citing updated assumptions on revenue growth, profit margins, and a slightly higher future P/E multiple as key factors supporting this unchanged view. What's in the News SCREEN Holdings reaffirmed consolidated earnings guidance for the fiscal year ending March 31, 2026, with expected net sales of ¥621,000 million, operating income of ¥117,000 million, profit attributable to owners of parent of ¥88,000 million, and basic earnings per share of ¥930.90 (company guidance).
285A
JP¥22,810.00
Kioxia Holdings
7D
13.9%
1Y
1,402.6%
6861
JP¥58,330.00
Keyence
7D
5.3%
1Y
15.3%
6981
JP¥3,835.00
Murata Manufacturing
7D
8.5%
1Y
105.8%
6613
JP¥1,044.00
QD Laser
7D
-19.4%
1Y
357.9%