Japanese (NIKKEI) Communications Industry Analysis

Industry Valuation and Performance

Has the Japanese Communications Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Thu, 23 Jul 2026	JP¥253.1b	JP¥296.3b	JP¥14.1b	15.6x	18x	0.9x
Sat, 20 Jun 2026	JP¥249.2b	JP¥296.1b	JP¥13.8b	15.2x	18.1x	0.8x
Mon, 18 May 2026	JP¥246.7b	JP¥293.9b	JP¥13.5b	17.8x	18.2x	0.8x
Wed, 15 Apr 2026	JP¥226.3b	JP¥292.2b	JP¥13.7b	11.8x	16.6x	0.8x
Fri, 13 Mar 2026	JP¥234.4b	JP¥290.8b	JP¥13.5b	15.2x	17.4x	0.8x
Sun, 08 Feb 2026	JP¥230.4b	JP¥290.8b	JP¥13.8b	18.2x	16.7x	0.8x
Tue, 06 Jan 2026	JP¥212.0b	JP¥291.8b	JP¥13.6b	16.8x	15.6x	0.7x
Thu, 04 Dec 2025	JP¥200.0b	JP¥291.0b	JP¥13.1b	13.9x	15.3x	0.7x
Sat, 01 Nov 2025	JP¥209.2b	JP¥298.6b	JP¥16.3b	11.9x	12.8x	0.7x
Mon, 29 Sep 2025	JP¥212.7b	JP¥297.2b	JP¥16.1b	11.4x	13.2x	0.7x
Wed, 27 Aug 2025	JP¥210.0b	JP¥297.3b	JP¥16.2b	11.7x	13x	0.7x
Fri, 25 Jul 2025	JP¥195.6b	JP¥295.8b	JP¥16.0b	12.7x	12.3x	0.7x
Sun, 22 Jun 2025	JP¥190.2b	JP¥295.3b	JP¥20.6b	12.1x	9.2x	0.6x
Tue, 20 May 2025	JP¥195.9b	JP¥309.8b	JP¥13.1b	11.3x	15x	0.6x
Thu, 17 Apr 2025	JP¥176.1b	JP¥305.1b	JP¥12.5b	8.2x	14.1x	0.6x
Sat, 15 Mar 2025	JP¥195.2b	JP¥303.3b	JP¥12.0b	9.3x	16.3x	0.6x
Mon, 10 Feb 2025	JP¥171.8b	JP¥301.3b	JP¥6.0b	12.8x	28.7x	0.6x
Wed, 08 Jan 2025	JP¥172.0b	JP¥297.1b	JP¥4.0b	12.1x	43x	0.6x
Fri, 06 Dec 2024	JP¥170.4b	JP¥297.6b	JP¥4.2b	12x	40.2x	0.6x
Sun, 03 Nov 2024	JP¥175.1b	JP¥298.9b	JP¥4.9b	11.6x	36.1x	0.6x
Tue, 01 Oct 2024	JP¥174.6b	JP¥299.1b	JP¥5.1b	10.7x	34x	0.6x
Thu, 29 Aug 2024	JP¥203.2b	JP¥319.9b	JP¥4.0b	10.7x	50.4x	0.6x
Sat, 27 Jul 2024	JP¥213.8b	JP¥318.5b	JP¥5.0b	13x	43x	0.7x
Mon, 24 Jun 2024	JP¥219.9b	JP¥318.4b	JP¥5.2b	13.3x	42.7x	0.7x
Wed, 22 May 2024	JP¥196.5b	JP¥318.7b	JP¥5.3b	13.1x	37.4x	0.6x
Fri, 19 Apr 2024	JP¥198.7b	JP¥319.9b	JP¥4.5b	10.6x	44.6x	0.6x
Sun, 17 Mar 2024	JP¥202.5b	JP¥319.9b	JP¥4.6b	11x	44.4x	0.6x
Tue, 13 Feb 2024	JP¥199.9b	JP¥319.4b	JP¥5.0b	10.7x	40.1x	0.6x
Thu, 11 Jan 2024	JP¥223.5b	JP¥331.5b	JP¥10.0b	10.5x	22.4x	0.7x
Sat, 09 Dec 2023	JP¥212.7b	JP¥331.7b	JP¥10.1b	10.1x	21.1x	0.6x
Mon, 06 Nov 2023	JP¥223.8b	JP¥327.3b	JP¥10.1b	13.6x	22.2x	0.7x
Wed, 04 Oct 2023	JP¥222.3b	JP¥325.0b	JP¥8.9b	10.9x	25x	0.7x
Fri, 01 Sep 2023	JP¥226.6b	JP¥325.4b	JP¥9.4b	10.3x	24.1x	0.7x
Sun, 30 Jul 2023	JP¥207.5b	JP¥316.2b	JP¥6.6b	12.9x	31.4x	0.7x

Current Industry PE

Investors are pessimistic on the Japanese Communications industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 18.0x which is lower than its 3-year average PE of 25.4x.

The industry is trading close to its 3-year average PS ratio of 0.68x.

Past Earnings Growth

The earnings for companies in the Communications industry have grown 28% per year over the last three years.
Meanwhile revenues for these companies have declined 2.1% per year.
This means that less sales are being generated overall, but since cost of doing business is lower, profits have been increasing.

Industry Trends

Which industries have driven the changes within the Japanese Tech industry?


JP Market	-0.85%
Tech	-5.42%
Communications	0.10%
Communications Equipment	0.10%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
6820 Icom	JP¥3.31k	1.4% +JP¥645.9m	13.5%	PE17.8x
6675 SAXA	JP¥2.00k	1.7% +JP¥592.4m	44.5%	PE25.3x
3842 NextgenInc	JP¥968.00	4.8% +JP¥136.1m	8.8%	PE10.3x
6718 AiphoneLtd	JP¥2.81k	0.2% +JP¥98.2m	0.6%	PE18.6x
6822 Oi Electric	JP¥5.54k	0.2% +JP¥13.4m	72.9%	PE5.4x

New minor risk - Shareholder dilution

The company's shareholders have been diluted in the past year. Increase in shares outstanding: 22% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (26% average weekly change). Earnings have declined by 54% per year over the past 5 years. Minor Risks Shareholders have been diluted in the past year (22% increase in shares outstanding). Market cap is less than US$100m (JP¥3.42b market cap, or US$21.1m).

Japanese (NIKKEI) Communications Industry Analysis

Industry Valuation and Performance

Industry Trends

Top Stock Gainers and Losers

Latest News

New minor risk - Shareholder dilution

TRaaS On Product Inc. to Report Q2, 2027 Results on Sep 10, 2026

DKK Co., Ltd. to Report Q1, 2027 Results on Aug 07, 2026

Investor sentiment deteriorates as stock falls 19%

Nextgen,Inc. to Report Q3, 2027 Results on Feb 05, 2027

New major risk - Revenue and earnings growth

Artiza Networks, Inc. (TSE:6778) announces an Equity Buyback for 160,000 shares, representing 1.82% for ¥100 million.

Investor sentiment deteriorates as stock falls 20%

Allied Telesis Holdings K.K. (TSE:6835) announces an Equity Buyback for 1,000,000 shares, representing 0.96% for ¥250 million.

Media Links Co.,Ltd. to Report Q1, 2026 Results on Jul 30, 2026

Icom Incorporated to Report Q1, 2027 Results on Aug 14, 2026

Oi Electric Co., Ltd. to Report Q1, 2027 Results on Jul 29, 2026

Aiphone Co.,Ltd. to Report Q1, 2027 Results on Aug 04, 2026