Tokyo Electron's (TSE:8035) Dividend Will Be ¥200.00
Jul 25
Japanese (NIKKEI) Tech Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies682
- 7D-7.0%
- 3M-1.3%
- 1Y14.1%
- YTD10.2%
Over the last 7 days, the Tech industry has dropped 7.0%, driven by pullbacks in Keyence and Tokyo Electron of 9.3% and 11%, respectively. Over the past 12 months, the industry was up 14%. Looking forward, earnings are forecast to grow by 14% annually.
Sector Valuation and Performance
Has the Japanese Tech Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | JP¥127.9t | JP¥70.7t | JP¥4.8t | 17.2x | 26.4x | 1.8x |
| Sun, 23 Jun 2024 | JP¥135.7t | JP¥70.5t | JP¥4.8t | 16.8x | 28.2x | 1.9x |
| Tue, 21 May 2024 | JP¥134.4t | JP¥70.5t | JP¥4.8t | 17.1x | 27.9x | 1.9x |
| Thu, 18 Apr 2024 | JP¥132.6t | JP¥70.0t | JP¥4.6t | 17x | 29.1x | 1.9x |
| Sat, 16 Mar 2024 | JP¥132.2t | JP¥70.3t | JP¥4.6t | 17.6x | 29x | 1.9x |
| Mon, 12 Feb 2024 | JP¥127.3t | JP¥70.3t | JP¥4.6t | 17.1x | 27.8x | 1.8x |
| Wed, 10 Jan 2024 | JP¥118.7t | JP¥71.3t | JP¥4.8t | 17.2x | 24.9x | 1.7x |
| Fri, 08 Dec 2023 | JP¥114.6t | JP¥71.3t | JP¥4.8t | 16.8x | 24.1x | 1.6x |
| Sun, 05 Nov 2023 | JP¥108.6t | JP¥70.7t | JP¥4.9t | 16.1x | 22.2x | 1.5x |
| Tue, 03 Oct 2023 | JP¥107.8t | JP¥70.5t | JP¥5.0t | 16.5x | 21.6x | 1.5x |
| Thu, 31 Aug 2023 | JP¥111.1t | JP¥70.4t | JP¥5.0t | 16.8x | 22.2x | 1.6x |
| Sat, 29 Jul 2023 | JP¥111.8t | JP¥69.6t | JP¥5.1t | 16.4x | 21.8x | 1.6x |
| Mon, 26 Jun 2023 | JP¥112.3t | JP¥69.6t | JP¥5.1t | 16.5x | 21.8x | 1.6x |
| Wed, 24 May 2023 | JP¥106.8t | JP¥69.6t | JP¥5.1t | 16x | 20.7x | 1.5x |
| Fri, 21 Apr 2023 | JP¥97.6t | JP¥67.7t | JP¥5.3t | 15.2x | 18.5x | 1.4x |
| Sun, 19 Mar 2023 | JP¥95.7t | JP¥67.7t | JP¥5.3t | 15x | 18.1x | 1.4x |
| Tue, 14 Feb 2023 | JP¥95.0t | JP¥68.4t | JP¥5.3t | 15x | 17.8x | 1.4x |
| Thu, 12 Jan 2023 | JP¥91.0t | JP¥66.3t | JP¥5.4t | 14.7x | 16.8x | 1.4x |
| Sat, 10 Dec 2022 | JP¥95.6t | JP¥66.2t | JP¥5.4t | 15.1x | 17.7x | 1.4x |
| Mon, 07 Nov 2022 | JP¥90.7t | JP¥65.3t | JP¥5.4t | 14.7x | 16.9x | 1.4x |
| Wed, 05 Oct 2022 | JP¥89.1t | JP¥63.7t | JP¥5.2t | 14.7x | 17.2x | 1.4x |
| Fri, 02 Sep 2022 | JP¥92.0t | JP¥63.7t | JP¥5.1t | 15.3x | 18x | 1.4x |
| Sun, 31 Jul 2022 | JP¥92.8t | JP¥62.6t | JP¥5.0t | 15.6x | 18.5x | 1.5x |
| Tue, 28 Jun 2022 | JP¥90.3t | JP¥62.1t | JP¥5.0t | 14.9x | 18x | 1.5x |
| Thu, 26 May 2022 | JP¥93.9t | JP¥62.1t | JP¥5.0t | 14.9x | 18.7x | 1.5x |
| Sat, 23 Apr 2022 | JP¥94.8t | JP¥61.0t | JP¥4.6t | 15.5x | 20.4x | 1.6x |
| Mon, 21 Mar 2022 | JP¥95.5t | JP¥60.9t | JP¥4.6t | 15.4x | 20.6x | 1.6x |
| Wed, 16 Feb 2022 | JP¥95.1t | JP¥60.8t | JP¥4.6t | 15.3x | 20.6x | 1.6x |
| Fri, 14 Jan 2022 | JP¥106.4t | JP¥59.5t | JP¥4.3t | 16.8x | 24.9x | 1.8x |
| Sun, 12 Dec 2021 | JP¥110.0t | JP¥59.4t | JP¥4.3t | 17x | 25.8x | 1.9x |
| Tue, 09 Nov 2021 | JP¥110.1t | JP¥59.1t | JP¥4.1t | 18.4x | 27x | 1.9x |
| Thu, 07 Oct 2021 | JP¥99.1t | JP¥58.0t | JP¥3.8t | 18.4x | 26.3x | 1.7x |
| Sat, 04 Sep 2021 | JP¥106.8t | JP¥58.1t | JP¥3.8t | 20.1x | 28.4x | 1.8x |
| Mon, 02 Aug 2021 | JP¥99.5t | JP¥58.1t | JP¥3.8t | 20.3x | 26.5x | 1.7x |
Price to Earnings Ratio
26.5x
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 26.4x which is higher than its 3-year average PE of 22.6x.
- The 3-year average PS ratio of 1.6x is lower than the industry's current PS ratio of 1.8x.
Past Earnings Growth
- The earnings for companies in the Information Technology industry have grown 8.8% per year over the last three years.
- Revenues for these companies have grown 6.8% 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 | -5.18% | |
| Tech | -7.01% | |
| Software | -3.66% | |
| IT | -4.30% | |
| Communications | -4.54% | |
| Tech Hardware | -5.57% | |
| Electronic Equipment and Components | -7.73% | |
| Semiconductors | -8.92% | |
Industry PE
- Investors are most optimistic about the Communications industry which is trading above its 3-year average PE ratio of 19.9x.
- Analysts are expecting annual earnings growth of 5.5%, which is lower than the prior year's growth of 34.5% per year.
- Investors are most pessimistic about the Tech Hardware industry, which is trading close to its 3-year average of 16.5x.
Forecasted Growth
- Analysts are most optimistic on the Software industry, expecting annual earnings growth of 22% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Communications industry is expected to see its earnings grow by 5.5% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 7751 Canon | JP¥4.62k | 3.1% +JP¥135.8b | 27.8% | PE15.3x | |
| 6702 Fujitsu | JP¥2.70k | 2.0% +JP¥99.3b | 49.2% | PE19.5x | |
| 4684 OBICLtd | JP¥22.13k | 2.4% +JP¥44.9b | -3.2% | PE32.4x | |
| 4812 Dentsu Soken | JP¥5.64k | 5.0% +JP¥17.6b | 12.4% | PE24.6x | |
| 3697 SHIFT | JP¥11.53k | 2.7% +JP¥5.4b | -64.4% | PE36.5x |
