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Japanese (NIKKEI) Tech Sector Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies676
  • 7D3.9%
  • 3M11.8%
  • 1Y32.3%
  • YTD0.8%

In the last week, the Tech industry is up 3.9%, with Tokyo Electron up 10%. In the last 12 months, the industry was up 32%. As for the next few years, earnings are expected to grow by 15% per annum.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 12 Jan 2026JP¥159.2tJP¥71.7tJP¥5.3t17.5x29.9x2.2x
Wed, 10 Dec 2025JP¥153.6tJP¥71.6tJP¥5.3t16.8x28.9x2.1x
Fri, 07 Nov 2025JP¥153.1tJP¥71.4tJP¥5.3t16.9x28.7x2.1x
Sun, 05 Oct 2025JP¥137.9tJP¥70.8tJP¥5.0t16.9x27.7x1.9x
Tue, 02 Sep 2025JP¥129.6tJP¥75.5tJP¥5.1t16.9x25.3x1.7x
Thu, 31 Jul 2025JP¥124.4tJP¥70.9tJP¥5.0t16.8x24.8x1.8x
Sat, 28 Jun 2025JP¥125.5tJP¥70.6tJP¥5.2t16.2x24.1x1.8x
Mon, 26 May 2025JP¥121.7tJP¥75.5tJP¥5.4t15.5x22.6x1.6x
Wed, 23 Apr 2025JP¥108.3tJP¥74.2tJP¥5.6t14.7x19.5x1.5x
Fri, 21 Mar 2025JP¥123.4tJP¥74.7tJP¥5.6t15.9x22.1x1.7x
Sun, 16 Feb 2025JP¥129.4tJP¥74.9tJP¥5.4t16.2x23.8x1.7x
Tue, 14 Jan 2025JP¥128.2tJP¥73.4tJP¥5.3t16.6x24.3x1.7x
Thu, 12 Dec 2024JP¥125.4tJP¥72.5tJP¥5.1t16.6x24.4x1.7x
Sat, 09 Nov 2024JP¥129.1tJP¥72.1tJP¥5.1t16.3x25.5x1.8x
Mon, 07 Oct 2024JP¥128.3tJP¥71.7tJP¥5.1t16.4x25.4x1.8x
Wed, 04 Sep 2024JP¥130.4tJP¥71.9tJP¥5.1t16.9x25.8x1.8x
Fri, 02 Aug 2024JP¥129.1tJP¥71.2tJP¥5.0t16.4x25.9x1.8x
Sun, 30 Jun 2024JP¥137.7tJP¥70.5tJP¥4.8t17.2x28.6x2x
Tue, 28 May 2024JP¥135.3tJP¥70.6tJP¥4.8t16.7x28.1x1.9x
Thu, 25 Apr 2024JP¥130.3tJP¥70.0tJP¥4.6t17.1x28.6x1.9x
Sat, 23 Mar 2024JP¥139.6tJP¥70.3tJP¥4.6t18x30.6x2x
Mon, 19 Feb 2024JP¥132.5tJP¥70.3tJP¥4.6t17.3x29.1x1.9x
Wed, 17 Jan 2024JP¥123.7tJP¥71.4tJP¥4.8t17.3x26x1.7x
Fri, 15 Dec 2023JP¥116.8tJP¥71.3tJP¥4.8t16.5x24.6x1.6x
Sun, 12 Nov 2023JP¥111.6tJP¥70.9tJP¥4.7t16.4x23.5x1.6x
Tue, 10 Oct 2023JP¥105.3tJP¥70.4tJP¥5.0t16.3x21.1x1.5x
Thu, 07 Sep 2023JP¥113.4tJP¥70.4tJP¥5.0t17.4x22.7x1.6x
Sat, 05 Aug 2023JP¥109.9tJP¥69.6tJP¥5.0t16.1x22x1.6x
Mon, 03 Jul 2023JP¥113.7tJP¥69.6tJP¥5.1t16.5x22.1x1.6x
Wed, 31 May 2023JP¥109.5tJP¥69.5tJP¥5.1t15.9x21.3x1.6x
Fri, 28 Apr 2023JP¥96.2tJP¥67.9tJP¥5.3t15.1x18.2x1.4x
Sun, 26 Mar 2023JP¥96.1tJP¥67.7tJP¥5.3t15.2x18.2x1.4x
Tue, 21 Feb 2023JP¥94.8tJP¥68.5tJP¥5.4t15.2x17.7x1.4x
Thu, 19 Jan 2023JP¥93.3tJP¥66.3tJP¥5.4t14.8x17.3x1.4x
Price to Earnings Ratio

17.3x


Total Market Cap: JP¥93.3tTotal Earnings: JP¥5.4tTotal Revenue: JP¥66.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Tech Sector Price to Earnings3Y Average 24.2x202420252026
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 29.9x which is higher than its 3-year average PE of 24.2x.
  • The 3-year average PS ratio of 1.7x 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 remained mostly flat over the last three years.
  • Meanwhile revenues for these companies have grown 2.6% 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 Market2.98%
Tech3.86%
Semiconductors9.10%
Communications4.94%
IT1.70%
Electronic Equipment and Components0.47%
Tech Hardware0.41%
Software0.28%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 24.7x.
    • Analysts are expecting annual earnings growth of 19.3%, which is higher than its past year's earnings growth of 8.3% per year.
  • Investors are most pessimistic about the Communications industry, which is trading below its 3-year average of 25.9x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings growth rate of 8.3% per year.
  • In contrast, the IT industry is expected to see its earnings grow by 8.8% 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
8035 Tokyo ElectronJP¥37.91k10.5%
+JP¥1.6t		40.3%PE32.1x
285A Kioxia HoldingsJP¥12.69k21.6%
+JP¥1.2t		531.7%PE44.2x
6146 DiscoJP¥55.00k14.2%
+JP¥740.6b		14.6%PE47.2x
6857 AdvantestJP¥20.26k3.2%
+JP¥451.0b		95.1%PE56.3x
6723 Renesas ElectronicsJP¥2.38k11.2%
+JP¥434.9b		17.8%PS3.4x

Latest News

285A
JP¥12,690.00
Kioxia Holdings
7D
21.6%
1Y
531.7%
8035
JP¥37,910.00
Tokyo Electron
7D
10.5%
1Y
40.3%

8035: Higher Payouts And Upgraded Guidance Will Still Leave Shares Overpriced

Analysts have nudged their price target for Tokyo Electron slightly higher to ¥25,869, reflecting updated assumptions around revenue growth, profit margins, and a modestly lower future P/E multiple. What's in the News Tokyo Electron raised its consolidated earnings guidance for the fiscal year ending March 31, 2026, now expecting net sales of ¥2,380b, operating income of ¥586b, net income attributable to owners of parent of ¥488b, and net income per share of ¥1,064.77, compared with prior guidance of net sales of ¥2,350b, operating income of ¥570b, net income attributable to owners of parent of ¥444b, and net income per share of ¥969.12 (Key Developments).
3626
JP¥5,102.00
TIS
7D
-2.9%
1Y
43.2%

There's Reason For Concern Over TIS Inc.'s (TSE:3626) Price

Jan 09
There's Reason For Concern Over TIS Inc.'s (TSE:3626) Price
6525
JP¥5,976.00
Kokusai Electric
7D
8.8%
1Y
166.5%
6723
JP¥2,380.00
Renesas Electronics
7D
11.2%
1Y
17.8%
6701
JP¥5,612.00
NEC
7D
5.7%
1Y
114.2%

6701: Future CSG Acquisition Will Raise Risk For Current Shareholders

Analysts have lifted their price target for NEC to about ¥5,000, reflecting updated assumptions for revenue, profit margins and a slightly higher future P/E multiple. What's in the News NEC set consolidated earnings guidance for the year ending March 31, 2026, with expected revenue of ¥3,420b.
4684
JP¥4,843.00
OBICLtd
7D
-1.6%
1Y
6.7%

Risks To Shareholder Returns Are Elevated At These Prices For OBIC Co.,Ltd. (TSE:4684)

Jan 07
Risks To Shareholder Returns Are Elevated At These Prices For OBIC Co.,Ltd. (TSE:4684)
4901
JP¥3,300.00
FUJIFILM Holdings
7D
-1.3%
1Y
-0.5%
6146
JP¥55,000.00
Disco
7D
14.2%
1Y
14.6%
6762
JP¥2,141.50
TDK
7D
-3.1%
1Y
13.0%

6762: Raised Guidance And Battery Collaboration Will Support Future Upside Potential

Analysts have lifted their fair value estimate for TDK from ¥2,480 to ¥3,200, citing updated assumptions for revenue growth, profit margins and future P/E, even as the stock was recently removed from a conviction list. Analyst Commentary Even with the recent removal of TDK from a major APAC Conviction List, recent fair value work suggests that some research desks still see room for upside if the company delivers on updated revenue and margin assumptions.
4716
JP¥12,585.00
Oracle Corporation Japan
7D
-4.6%
1Y
-13.1%

4716: Future Earnings Power Will Support Upside With Refined Margins And P/E Assumptions

Analysts have maintained their fair value estimate for Oracle Corporation Japan at ¥17,420, while refining inputs such as the discount rate, revenue growth, profit margin, and future P/E assumptions to reflect updated views on the business outlook and risk profile. Valuation Changes Fair Value Estimate: Held steady at ¥17,420, with no change to the overall valuation outcome.
6976
JP¥3,405.00
Taiyo Yuden
7D
-3.8%
1Y
50.0%

Taiyo Yuden (TSE:6976) Has Announced A Dividend Of ¥45.00

Jan 07
Taiyo Yuden (TSE:6976) Has Announced A Dividend Of ¥45.00
6857
JP¥20,255.00
Advantest
7D
3.2%
1Y
95.1%

6857: Elevated AI Tester Expectations Will Likely Prove Unsustainable

Analysts have raised their price target for Advantest significantly, from approximately ¥6,973 to about ¥10,429. They cited upgraded expectations for revenue growth, structurally higher profit margins, and a slightly lower future price to earnings multiple that still supports a richer fair value.
6861
JP¥57,670.00
Keyence
7D
1.7%
1Y
-9.1%

Keyence Corporation's (TSE:6861) Popularity With Investors Is Under Threat From Overpricing

Jan 03
Keyence Corporation's (TSE:6861) Popularity With Investors Is Under Threat From Overpricing
6787
JP¥10,100.00
Meiko Electronics
7D
-5.7%
1Y
15.2%

Meiko Electronics (TSE:6787) Is Doing The Right Things To Multiply Its Share Price

Dec 30
Meiko Electronics (TSE:6787) Is Doing The Right Things To Multiply Its Share Price
6981
JP¥3,194.00
Murata Manufacturing
7D
-1.6%
1Y
26.6%