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Japanese (NIKKEI) Tech Sector Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies674
  • 7D-2.8%
  • 3M8.8%
  • 1Y37.1%
  • YTD4.0%

Over the last 7 days, the Tech industry has dropped 2.8%, driven by pullbacks in Kioxia Holdings and NEC of 11% and 17%, respectively. On the other hand Renesas Electronics is actually up 15%. In the past year, the industry has gained 37%. 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, 09 Feb 2026JP¥164.2tJP¥72.7tJP¥5.7t16.8x28.9x2.3x
Wed, 07 Jan 2026JP¥160.1tJP¥71.7tJP¥5.3t17.4x30.1x2.2x
Fri, 05 Dec 2025JP¥153.8tJP¥71.6tJP¥5.3t17x29x2.1x
Sun, 02 Nov 2025JP¥157.5tJP¥71.4tJP¥5.3t17.1x29.6x2.2x
Tue, 30 Sep 2025JP¥140.2tJP¥75.5tJP¥5.1t17.3x27.4x1.9x
Thu, 28 Aug 2025JP¥130.9tJP¥75.5tJP¥5.1t16.9x25.6x1.7x
Sat, 26 Jul 2025JP¥125.9tJP¥70.7tJP¥5.2t16.8x24.2x1.8x
Mon, 23 Jun 2025JP¥120.3tJP¥70.6tJP¥5.2t16.3x23.1x1.7x
Wed, 21 May 2025JP¥123.0tJP¥75.1tJP¥5.4t15.7x23x1.6x
Fri, 18 Apr 2025JP¥109.1tJP¥74.2tJP¥5.6t14.6x19.6x1.5x
Sun, 16 Mar 2025JP¥121.7tJP¥74.7tJP¥5.6t15.8x21.8x1.6x
Tue, 11 Feb 2025JP¥128.1tJP¥74.8tJP¥5.4t16.1x23.8x1.7x
Thu, 09 Jan 2025JP¥130.0tJP¥74.1tJP¥5.3t16.7x24.7x1.8x
Sat, 07 Dec 2024JP¥124.4tJP¥72.5tJP¥5.1t16.6x24.2x1.7x
Mon, 04 Nov 2024JP¥123.9tJP¥71.9tJP¥5.0t15.8x24.6x1.7x
Wed, 02 Oct 2024JP¥129.1tJP¥71.8tJP¥5.1t16.3x25.5x1.8x
Fri, 30 Aug 2024JP¥128.3tJP¥71.9tJP¥5.0t16.6x25.4x1.8x
Sun, 28 Jul 2024JP¥127.5tJP¥71.0tJP¥4.9t17x26.2x1.8x
Tue, 25 Jun 2024JP¥136.2tJP¥70.5tJP¥4.8t17x28.3x1.9x
Thu, 23 May 2024JP¥133.5tJP¥70.5tJP¥4.8t16.9x27.8x1.9x
Sat, 20 Apr 2024JP¥131.4tJP¥70.0tJP¥4.6t17.1x28.9x1.9x
Mon, 18 Mar 2024JP¥132.2tJP¥70.3tJP¥4.6t17.5x29x1.9x
Wed, 14 Feb 2024JP¥130.9tJP¥70.3tJP¥4.6t17.1x28.6x1.9x
Fri, 12 Jan 2024JP¥121.1tJP¥71.3tJP¥4.8t17.2x25.4x1.7x
Sun, 10 Dec 2023JP¥113.4tJP¥71.3tJP¥4.8t16.7x23.8x1.6x
Tue, 07 Nov 2023JP¥111.8tJP¥70.7tJP¥4.9t16.5x22.8x1.6x
Thu, 05 Oct 2023JP¥107.7tJP¥70.5tJP¥5.0t16x21.6x1.5x
Sat, 02 Sep 2023JP¥111.7tJP¥70.4tJP¥5.0t17x22.3x1.6x
Mon, 31 Jul 2023JP¥111.8tJP¥69.8tJP¥5.1t16.4x21.8x1.6x
Wed, 28 Jun 2023JP¥110.7tJP¥69.6tJP¥5.1t16.2x21.5x1.6x
Fri, 26 May 2023JP¥106.5tJP¥69.5tJP¥5.1t16x20.7x1.5x
Sun, 23 Apr 2023JP¥97.5tJP¥67.7tJP¥5.3t15.2x18.5x1.4x
Tue, 21 Mar 2023JP¥94.1tJP¥67.7tJP¥5.3t14.9x17.8x1.4x
Thu, 16 Feb 2023JP¥95.5tJP¥68.4tJP¥5.3t15x17.9x1.4x
Price to Earnings Ratio

17.9x


Total Market Cap: JP¥95.5tTotal 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 28.9x 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 2.1% 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 Market3.36%
Tech-2.82%
Communications2.49%
Tech Hardware2.34%
Electronic Equipment and Components1.16%
Semiconductors-2.68%
Software-8.37%
IT-9.95%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 25.6x.
    • Analysts are expecting annual earnings growth of 20.6%, 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
6723 Renesas ElectronicsJP¥2.96k14.8%
+JP¥694.6b		19.9%PS4.1x
6762 TDKJP¥2.16k9.2%
+JP¥344.9b		25.5%PE21.9x
6971 KyoceraJP¥2.58k11.9%
+JP¥339.4b		56.7%PE33.3x
7751 CanonJP¥4.87k3.9%
+JP¥162.5b		2.3%PE12.9x
6981 Murata ManufacturingJP¥3.22k2.6%
+JP¥147.4b		27.3%PE30.8x

Latest News

7752
JP¥1,502.50
Ricoh Company
7D
10.3%
1Y
-12.9%

Ricoh Company, Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year

Feb 08
Ricoh Company, Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year
6971
JP¥2,582.50
Kyocera
7D
11.9%
1Y
56.7%

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

Feb 06
Kyocera (TSE:6971) Has Announced A Dividend Of ¥25.00
4062
JP¥7,085.00
IbidenLtd
7D
-13.9%
1Y
279.4%

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¥2,957.50
Renesas Electronics
7D
14.8%
1Y
19.9%
6645
JP¥4,532.00
OMRON
7D
15.7%
1Y
-6.9%
6920
JP¥30,190.00
Lasertec
7D
-17.0%
1Y
98.1%
6701
JP¥4,311.00
NEC
7D
-17.3%
1Y
39.0%

6701: Cloud Partnerships And Earnings Outlook Will Support A Higher Share Price

Analysts have modestly adjusted their price target for NEC to $5,000. This reflects small tweaks to assumptions for fair value, discount rate, revenue growth, profit margin and future P/E multiples.
6806
JP¥20,320.00
Hirose ElectricLtd
7D
22.5%
1Y
12.7%

Earnings Beat: Hirose Electric Co.,Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Feb 05
Earnings Beat: Hirose Electric Co.,Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models
6762
JP¥2,162.50
TDK
7D
9.2%
1Y
25.5%

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

Feb 05
TDK (TSE:6762) Is Increasing Its Dividend To ¥18.00
4307
JP¥4,222.00
Nomura Research Institute
7D
-10.2%
1Y
-21.4%

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.
6702
JP¥3,913.00
Fujitsu
7D
-8.6%
1Y
30.8%
6981
JP¥3,217.00
Murata Manufacturing
7D
2.6%
1Y
27.3%
6861
JP¥53,260.00
Keyence
7D
-5.6%
1Y
-15.6%

Keyence (TSE:6861) Is Due To Pay A Dividend Of ¥275.00

Feb 02
Keyence (TSE:6861) Is Due To Pay A Dividend Of ¥275.00
6857
JP¥24,530.00
Advantest
7D
-3.8%
1Y
185.0%

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).
7751
JP¥4,870.00
Canon
7D
3.9%
1Y
2.3%

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
285A
JP¥19,095.00
Kioxia Holdings
7D
-10.6%
1Y
1,025.2%