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Japanese (NIKKEI) Tech Sector Analysis

UpdatedApr 08, 2026
DataAggregated Company Financials
Companies666
  • 7D7.2%
  • 3M2.9%
  • 1Y68.1%
  • YTD4.3%

Over the last 7 days, the Tech industry has risen 4.6%, driven by gains from Kioxia Holdings of 22%. In the same time, Ryoyo Ryosan Holdings was down 11%. This means that the industry has gained 78% over the past year. As for the next few years, earnings are expected to grow by 19% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 08 Apr 2026JP¥162.2tJP¥71.9tJP¥5.6t16x28.9x2.3x
Fri, 06 Mar 2026JP¥170.2tJP¥73.1tJP¥5.7t16.2x30x2.3x
Sun, 01 Feb 2026JP¥168.9tJP¥72.1tJP¥5.6t17.1x30.1x2.3x
Tue, 30 Dec 2025JP¥153.7tJP¥71.7tJP¥5.3t17.3x28.9x2.1x
Thu, 27 Nov 2025JP¥148.3tJP¥71.6tJP¥5.3t17x27.9x2.1x
Sat, 25 Oct 2025JP¥147.1tJP¥70.7tJP¥5.0t17.2x29.5x2.1x
Mon, 22 Sep 2025JP¥141.3tJP¥75.5tJP¥5.1t17.3x27.6x1.9x
Wed, 20 Aug 2025JP¥132.6tJP¥75.4tJP¥5.1t16.9x25.9x1.8x
Fri, 18 Jul 2025JP¥124.9tJP¥70.7tJP¥5.2t16.2x24x1.8x
Sun, 15 Jun 2025JP¥123.7tJP¥75.3tJP¥5.4t15.8x23.1x1.6x
Tue, 13 May 2025JP¥124.2tJP¥74.9tJP¥5.5t15.6x22.6x1.7x
Thu, 10 Apr 2025JP¥99.4tJP¥74.2tJP¥5.6t13.6x17.9x1.3x
Sat, 08 Mar 2025JP¥120.8tJP¥74.8tJP¥5.6t15.7x21.7x1.6x
Mon, 03 Feb 2025JP¥129.6tJP¥74.3tJP¥5.4t16.6x24.1x1.7x
Wed, 01 Jan 2025JP¥127.6tJP¥73.9tJP¥5.1t16.7x25.2x1.7x
Fri, 29 Nov 2024JP¥123.5tJP¥72.5tJP¥5.1t16.7x24x1.7x
Sun, 27 Oct 2024JP¥123.0tJP¥71.8tJP¥5.1t15.4x24.3x1.7x
Tue, 24 Sep 2024JP¥125.2tJP¥71.8tJP¥5.1t16.3x24.8x1.7x
Thu, 22 Aug 2024JP¥128.7tJP¥71.9tJP¥5.1t16.2x25.5x1.8x
Sat, 20 Jul 2024JP¥138.0tJP¥70.7tJP¥4.8t17.7x28.6x2x
Mon, 17 Jun 2024JP¥135.4tJP¥70.5tJP¥4.8t16.8x28.2x1.9x
Wed, 15 May 2024JP¥131.7tJP¥70.4tJP¥4.7t17.1x28.1x1.9x
Fri, 12 Apr 2024JP¥134.9tJP¥69.9tJP¥4.5t17.6x29.7x1.9x
Sun, 10 Mar 2024JP¥137.8tJP¥70.3tJP¥4.6t18x30.2x2x
Tue, 06 Feb 2024JP¥126.8tJP¥70.3tJP¥4.6t17.6x27.5x1.8x
Thu, 04 Jan 2024JP¥119.2tJP¥71.3tJP¥4.8t17x25x1.7x
Sat, 02 Dec 2023JP¥117.3tJP¥71.1tJP¥4.8t17.2x24.7x1.6x
Mon, 30 Oct 2023JP¥103.9tJP¥70.7tJP¥5.0t16.1x21x1.5x
Wed, 27 Sep 2023JP¥107.7tJP¥70.4tJP¥5.0t16.7x21.6x1.5x
Fri, 25 Aug 2023JP¥110.7tJP¥70.4tJP¥5.0t16.6x22.1x1.6x
Sun, 23 Jul 2023JP¥110.8tJP¥69.7tJP¥5.1t16.5x21.5x1.6x
Tue, 20 Jun 2023JP¥115.1tJP¥69.6tJP¥5.1t16.8x22.4x1.7x
Thu, 18 May 2023JP¥103.6tJP¥69.4tJP¥5.2t15.7x19.8x1.5x
Sat, 15 Apr 2023JP¥97.1tJP¥67.7tJP¥5.3t15.2x18.4x1.4x
Price to Earnings Ratio

18.4x


Total Market Cap: JP¥97.1tTotal 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 28.8x 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 Market4.32%
Tech7.17%
Semiconductors8.69%
Electronic Equipment and Components7.17%
IT4.90%
Communications4.88%
Tech Hardware4.64%
Software3.92%
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 27.5%, 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¥23.27k22.0%
+JP¥2.3t		1,192.8%PE76x
6857 AdvantestJP¥22.20k9.2%
+JP¥1.4t		294.4%PE56.3x
6861 KeyenceJP¥58.29k6.3%
+JP¥831.9b		8.7%PE33.8x
6981 Murata ManufacturingJP¥3.79k11.1%
+JP¥686.3b		89.1%PE36.3x
8035 Tokyo ElectronJP¥38.44k3.3%
+JP¥550.3b		107.2%PE34.7x

Latest News

4062
JP¥8,718.00
IbidenLtd
7D
18.3%
1Y
416.2%
285A
JP¥23,270.00
Kioxia Holdings
7D
22.0%
1Y
1,192.8%
6702
JP¥3,345.00
Fujitsu
7D
5.5%
1Y
25.8%

6702: Dividend And Buyback Momentum Will Support Future Earnings Power

Analysts have trimmed their Fujitsu price target from about ¥4,960 to roughly ¥4,690, pointing to slightly higher discount rate assumptions and only modest adjustments to long term revenue growth, profit margins, and future P/E expectations. What’s in the News Board meeting scheduled for March 26, 2026 to consider canceling Fujitsu’s own shares under Article 178 of the Companies Act, which would affect the share count if approved (Board Meeting).
8035
JP¥38,440.00
Tokyo Electron
7D
3.3%
1Y
107.2%

8035: Future Buybacks And Dividend Policy Will Support A Higher Share Price

Analysts have lifted their price target on Tokyo Electron from ¥54,000 to ¥62,000. This reflects updated assumptions that include a slightly higher discount rate, more moderate revenue growth and profit margin expectations, and a higher future P/E multiple of 38.93 versus the prior 25.55.
6701
JP¥4,074.00
NEC
7D
5.9%
1Y
45.1%

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).
2763
JP¥1,207.00
FTGroup
7D
-4.9%
1Y
19.0%
6857
JP¥22,200.00
Advantest
7D
9.2%
1Y
294.4%

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).
7794
JP¥1,140.00
EDP
7D
-10.8%
1Y
125.7%
167A
JP¥2,675.00
Ryoyo Ryosan Holdings
7D
-10.6%
1Y
20.0%
3132
JP¥2,287.50
Macnica Holdings
7D
-1.0%
1Y
34.2%
6861
JP¥58,290.00
Keyence
7D
6.3%
1Y
8.7%
2321
JP¥198.00
Softfront Holdings
7D
-12.0%
1Y
112.9%
6981
JP¥3,786.00
Murata Manufacturing
7D
11.1%
1Y
89.1%
7746
JP¥1,001.00
Okamoto Glass
7D
-9.9%
1Y
600.0%
6613
JP¥1,035.00
QD Laser
7D
-14.9%
1Y
307.5%
6670
JP¥2,190.00
MCJ
7D
-4.4%
1Y
80.2%