Investing IdeasBrowse All StocksMarkets
Have your own idea? Try our Stock Screener
Header cover image

Japanese (NIKKEI) Tech Sector Analysis

UpdatedNov 11, 2025
DataAggregated Company Financials
Companies675
  • 7D-2.1%
  • 3M22.3%
  • 1Y21.3%
  • YTD30.2%

Over the last 7 days, the Tech industry has dropped 2.1%, driven by Advantest declining 9.0%. Meanwhile, Kioxia Holdings actually outperformed within the industry, gaining 23% in the last week. This takes the industry's 12 month performance to a gain of 21%. Earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 11 Nov 2025JP¥154.2tJP¥71.7tJP¥5.4t17.2x28.4x2.1x
Thu, 09 Oct 2025JP¥143.2tJP¥70.6tJP¥5.0t17.2x28.8x2x
Sat, 06 Sep 2025JP¥130.7tJP¥75.5tJP¥5.1t17x25.5x1.7x
Mon, 04 Aug 2025JP¥124.6tJP¥71.7tJP¥5.0t16.9x25x1.7x
Wed, 02 Jul 2025JP¥125.8tJP¥70.6tJP¥5.2t16.3x24.1x1.8x
Fri, 30 May 2025JP¥125.5tJP¥75.5tJP¥5.4t15.8x23.3x1.7x
Sun, 27 Apr 2025JP¥114.3tJP¥74.2tJP¥5.4t15.1x21.1x1.5x
Tue, 25 Mar 2025JP¥121.4tJP¥74.5tJP¥5.6t15.9x21.8x1.6x
Thu, 20 Feb 2025JP¥130.7tJP¥75.1tJP¥5.6t15.8x23.4x1.7x
Sat, 18 Jan 2025JP¥125.3tJP¥74.1tJP¥5.3t16x23.8x1.7x
Mon, 16 Dec 2024JP¥125.6tJP¥72.5tJP¥5.1t16.7x24.5x1.7x
Wed, 13 Nov 2024JP¥127.1tJP¥72.3tJP¥5.0t16.5x25.3x1.8x
Fri, 11 Oct 2024JP¥129.3tJP¥71.7tJP¥5.1t16.3x25.6x1.8x
Sun, 08 Sep 2024JP¥121.4tJP¥71.8tJP¥5.1t16.3x24x1.7x
Tue, 06 Aug 2024JP¥104.5tJP¥71.2tJP¥5.0t13.3x21x1.5x
Thu, 04 Jul 2024JP¥142.1tJP¥70.7tJP¥4.8t17.5x29.4x2x
Sat, 01 Jun 2024JP¥133.0tJP¥70.6tJP¥4.8t16.6x27.7x1.9x
Mon, 29 Apr 2024JP¥129.5tJP¥70.1tJP¥4.7t17x27.8x1.8x
Wed, 27 Mar 2024JP¥138.1tJP¥70.3tJP¥4.6t18x30.3x2x
Fri, 23 Feb 2024JP¥134.3tJP¥70.3tJP¥4.6t17.5x29.5x1.9x
Sun, 21 Jan 2024JP¥125.9tJP¥71.3tJP¥4.8t17.4x26.5x1.8x
Tue, 19 Dec 2023JP¥116.2tJP¥71.3tJP¥4.8t16.6x24.4x1.6x
Thu, 16 Nov 2023JP¥115.6tJP¥71.0tJP¥4.8t16.5x24.3x1.6x
Sat, 14 Oct 2023JP¥108.8tJP¥70.5tJP¥5.0t16.3x21.8x1.5x
Mon, 11 Sep 2023JP¥110.6tJP¥70.4tJP¥5.0t17x22.1x1.6x
Wed, 09 Aug 2023JP¥109.3tJP¥69.7tJP¥5.0t16.1x21.8x1.6x
Fri, 07 Jul 2023JP¥112.7tJP¥69.6tJP¥5.1t16.4x21.9x1.6x
Sun, 04 Jun 2023JP¥110.6tJP¥69.5tJP¥5.1t16x21.5x1.6x
Tue, 02 May 2023JP¥98.4tJP¥68.3tJP¥5.2t15.5x18.8x1.4x
Thu, 30 Mar 2023JP¥97.3tJP¥67.7tJP¥5.3t15.4x18.4x1.4x
Sat, 25 Feb 2023JP¥95.2tJP¥68.5tJP¥5.4t15.1x17.8x1.4x
Mon, 23 Jan 2023JP¥92.4tJP¥66.3tJP¥5.4t14.8x17.1x1.4x
Wed, 21 Dec 2022JP¥90.1tJP¥66.2tJP¥5.4t14.4x16.7x1.4x
Fri, 18 Nov 2022JP¥97.6tJP¥66.2tJP¥5.4t15.1x18.1x1.5x
Price to Earnings Ratio

18.1x


Total Market Cap: JP¥97.6tTotal Earnings: JP¥5.4tTotal Revenue: JP¥66.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Tech Sector Price to Earnings3Y Average 23.6x202320242025
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 28.4x which is higher than its 3-year average PE of 23.6x.
  • The 3-year average PS ratio of 1.7x is lower than the industry's current PS ratio of 2.1x.
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 2.7% 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 Market-0.31%
Tech-2.10%
IT0.015%
Communications-0.096%
Software-0.85%
Tech Hardware-1.62%
Semiconductors-2.20%
Electronic Equipment and Components-3.77%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 23.3x.
    • Analysts are expecting annual earnings growth of 14.4%, which is higher than its past year's earnings decline of 8.0% per year.
  • Investors are most pessimistic about the Communications industry, which is trading below its 3-year average of 25.8x.
Forecasted Growth
  • Analysts are most optimistic on the Software industry, expecting annual earnings growth of 18% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the IT industry is expected to see its earnings grow by 7.6% 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¥13.23k22.9%
+JP¥1.3t		n/aPE32.3x
6702 FujitsuJP¥4.25k8.4%
+JP¥555.0b		52.6%PE26.3x
4307 Nomura Research InstituteJP¥6.16k12.7%
+JP¥399.0b		31.7%PE34.7x
6701 NECJP¥5.73k2.6%
+JP¥193.3b		121.5%PE32.6x
4684 OBICLtdJP¥4.95k4.1%
+JP¥86.7b		-5.7%PE31.2x

Latest News

6702
JP¥4,251.00
Fujitsu
7D
8.4%
1Y
52.6%

6702: Margins Will Offset Slower Expansion Despite APAC Conviction List Exit

Analysts have raised Fujitsu's fair value price target from ¥3,983 to ¥4,125, citing improved profit margins and a slightly lower discount rate. This adjustment comes despite moderated revenue growth expectations.
285A
JP¥13,225.00
Kioxia Holdings
7D
22.9%
1Y
n/a
4901
JP¥3,324.00
FUJIFILM Holdings
7D
-6.5%
1Y
-4.2%

Results: FUJIFILM Holdings Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts

Nov 10
Results: FUJIFILM Holdings Corporation Beat Earnings Expectations And Analysts Now Have New Forecasts
6963
JP¥1,981.50
ROHM
7D
-20.6%
1Y
29.8%

6963: Future Margins And Reliability Initiatives Will Balance Slower Sales Momentum

Analysts have lowered their price target for ROHM, reducing the fair value estimate from ¥2,275 to approximately ¥2,204. This adjustment reflects updated assumptions on slower revenue growth and a higher discount rate, even as profit margin forecasts have improved.
7751
JP¥4,450.00
Canon
7D
1.1%
1Y
-11.1%
6146
JP¥47,850.00
Disco
7D
-7.8%
1Y
9.4%

There May Be Underlying Issues With The Quality Of Disco's (TSE:6146) Earnings

Nov 06
There May Be Underlying Issues With The Quality Of Disco's (TSE:6146) Earnings
4307
JP¥6,162.00
Nomura Research Institute
7D
12.7%
1Y
31.7%

4307: Financial Platform Momentum And Margin Gains Will Drive Balanced Outlook

Analysts have modestly raised their price target for Nomura Research Institute from ¥6,059 to ¥6,143, citing improved profit margins and renewed growth in the company's financial platform services. Analyst Commentary Recent analyst updates reflect a nuanced perspective on Nomura Research Institute's outlook amid ongoing changes in its business segments.
4684
JP¥4,953.00
OBICLtd
7D
4.1%
1Y
-5.7%
4902
JP¥644.40
Konica Minolta
7D
19.4%
1Y
-6.5%
8035
JP¥34,150.00
Tokyo Electron
7D
-1.8%
1Y
51.1%

Tokyo Electron Limited Just Beat Revenue By 5.9%: Here's What Analysts Think Will Happen Next

Nov 04
Tokyo Electron Limited Just Beat Revenue By 5.9%: Here's What Analysts Think Will Happen Next
6857
JP¥19,815.00
Advantest
7D
-9.0%
1Y
108.3%
6762
JP¥2,454.50
TDK
7D
-5.4%
1Y
18.5%

6762: Lower Revenue Momentum And Lofty Multiples Will Undermine Medium-Term Returns

Narrative Update on TDK Analyst Price Target Analysts have raised their price target for TDK from ¥2,316 to ¥2,419, citing improved profit margins and valuation metrics, even as revenue growth expectations remain tempered. What's in the News TDK revised consolidated earnings guidance for the year ending March 31, 2026, increasing net sales and profits projections due to strong ICT sector performance and resilient demand for data centers (Key Developments).
6448
JP¥2,978.00
Brother Industries
7D
11.8%
1Y
8.2%

An Intrinsic Calculation For Brother Industries, Ltd. (TSE:6448) Suggests It's 48% Undervalued

Nov 01
An Intrinsic Calculation For Brother Industries, Ltd. (TSE:6448) Suggests It's 48% Undervalued
6981
JP¥3,177.00
Murata Manufacturing
7D
-8.1%
1Y
20.1%
6701
JP¥5,728.00
NEC
7D
2.6%
1Y
121.5%

6701: Upcoming Acquisition And Declining P/E Will Weigh On Future Value

Analysts have raised their price target for NEC from ¥4,845 to ¥5,000, citing incremental improvements in profit margin and lower discount rate assumptions. What's in the News NEC Corporation's board will meet on October 29, 2025, to consider and resolve the acquisition of CSG Systems International, Inc.
6861
JP¥55,150.00
Keyence
7D
-2.4%
1Y
-17.0%

Here's What Analysts Are Forecasting For Keyence Corporation (TSE:6861) After Its Half-Year Results

Nov 01
Here's What Analysts Are Forecasting For Keyence Corporation (TSE:6861) After Its Half-Year Results