Narrative Update • Jul 30

Over the last 7 days, the Technology Distributors industry has risen 12%, driven by gains in Macnica Holdings and Tomen Devices of 9.9% and 36%, respectively. In the last 12 months, the industry was up 48%. As for the next few years, earnings are expected to grow by 7.1% per annum.
Has the Japanese Technology Distributors Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 08 Aug 2026 | JP¥3.8t | JP¥8.9t | JP¥273.8b | 14.8x | 13.8x | 0.4x |
| Mon, 06 Jul 2026 | JP¥3.5t | JP¥8.5t | JP¥258.8b | 13.7x | 13.4x | 0.4x |
| Wed, 03 Jun 2026 | JP¥3.5t | JP¥8.5t | JP¥258.9b | 13.7x | 13.5x | 0.4x |
| Fri, 01 May 2026 | JP¥3.2t | JP¥8.2t | JP¥236.1b | 12.5x | 13.4x | 0.4x |
| Sun, 29 Mar 2026 | JP¥3.1t | JP¥8.5t | JP¥236.5b | 12.7x | 13.1x | 0.4x |
| Tue, 24 Feb 2026 | JP¥3.2t | JP¥8.5t | JP¥236.6b | 12.9x | 13.6x | 0.4x |
| Thu, 22 Jan 2026 | JP¥3.1t | JP¥8.2t | JP¥224.8b | 13.6x | 13.8x | 0.4x |
| Sat, 20 Dec 2025 | JP¥3.0t | JP¥8.2t | JP¥224.7b | 12.4x | 13.4x | 0.4x |
| Mon, 17 Nov 2025 | JP¥2.9t | JP¥8.3t | JP¥224.5b | 11.6x | 12.9x | 0.4x |
| Wed, 15 Oct 2025 | JP¥2.7t | JP¥8.1t | JP¥212.2b | 12.4x | 12.6x | 0.3x |
| Fri, 12 Sep 2025 | JP¥2.8t | JP¥8.1t | JP¥212.2b | 13.2x | 13.4x | 0.4x |
| Sun, 10 Aug 2025 | JP¥2.7t | JP¥8.1t | JP¥212.6b | 12x | 12.9x | 0.3x |
| Tue, 08 Jul 2025 | JP¥2.5t | JP¥8.1t | JP¥220.9b | 10.8x | 11.3x | 0.3x |
| Thu, 05 Jun 2025 | JP¥2.5t | JP¥8.0t | JP¥220.6b | 10.8x | 11.2x | 0.3x |
| Sat, 03 May 2025 | JP¥2.4t | JP¥7.6t | JP¥213.9b | 10.9x | 11.1x | 0.3x |
| Mon, 31 Mar 2025 | JP¥2.5t | JP¥7.5t | JP¥214.3b | 12.1x | 11.6x | 0.3x |
| Wed, 26 Feb 2025 | JP¥2.5t | JP¥7.5t | JP¥214.0b | 11.5x | 11.5x | 0.3x |
| Fri, 24 Jan 2025 | JP¥2.5t | JP¥7.4t | JP¥198.0b | 11.2x | 12.5x | 0.3x |
| Sun, 22 Dec 2024 | JP¥2.4t | JP¥7.3t | JP¥197.6b | 11.3x | 12.4x | 0.3x |
| Tue, 19 Nov 2024 | JP¥2.4t | JP¥7.3t | JP¥199.4b | 12x | 12.2x | 0.3x |
| Thu, 17 Oct 2024 | JP¥2.5t | JP¥7.3t | JP¥212.7b | 11.2x | 11.8x | 0.3x |
| Sat, 14 Sep 2024 | JP¥2.6t | JP¥7.3t | JP¥212.6b | 10.9x | 12.1x | 0.4x |
| Mon, 12 Aug 2024 | JP¥2.4t | JP¥7.3t | JP¥210.8b | 11x | 11.4x | 0.3x |
| Wed, 10 Jul 2024 | JP¥2.8t | JP¥7.3t | JP¥212.2b | 12x | 13.2x | 0.4x |
| Fri, 07 Jun 2024 | JP¥2.7t | JP¥7.3t | JP¥212.1b | 10.7x | 12.7x | 0.4x |
| Sun, 05 May 2024 | JP¥2.8t | JP¥7.4t | JP¥212.1b | 12.8x | 13.1x | 0.4x |
| Tue, 02 Apr 2024 | JP¥2.9t | JP¥7.4t | JP¥213.1b | 11.6x | 13.8x | 0.4x |
| Thu, 29 Feb 2024 | JP¥3.0t | JP¥7.8t | JP¥226.9b | 12x | 13.3x | 0.4x |
| Sat, 27 Jan 2024 | JP¥3.1t | JP¥8.1t | JP¥252.3b | 13x | 12.4x | 0.4x |
| Mon, 25 Dec 2023 | JP¥2.9t | JP¥8.1t | JP¥252.5b | 11.5x | 11.5x | 0.4x |
| Wed, 22 Nov 2023 | JP¥2.7t | JP¥8.1t | JP¥252.5b | 10.8x | 10.8x | 0.3x |
| Fri, 20 Oct 2023 | JP¥2.7t | JP¥8.1t | JP¥247.9b | 9.9x | 11x | 0.3x |
| Sun, 17 Sep 2023 | JP¥2.7t | JP¥8.1t | JP¥248.6b | 10.3x | 11x | 0.3x |
| Tue, 15 Aug 2023 | JP¥2.6t | JP¥8.1t | JP¥249.0b | 9.6x | 10.4x | 0.3x |
10.4x
How does Japanese Technology Distributors compare with similar industries?
| JP Market | 1.75% | |
| Tech | 1.43% | |
| Electronic Equipment and Components | 2.75% | |
| Technology Distributors | 7.41% | |
| Electronic Manufacturing Services | 12.02% | |
| Electronic Equipment and Instruments | 3.52% | |
| Electronic Components | 1.69% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 3132 Macnica Holdings | JP¥3.62k | 9.9% +JP¥58.2b | 69.8% | PE19.2x | |
| 2737 Tomen Devices | JP¥28.80k | 36.2% +JP¥52.0b | 378.4% | PE8.4x | |
| 7609 Daitron | JP¥4.23k | 27.4% +JP¥19.2b | 108.9% | PE15.1x | |
| 8159 Tachibana Eletech | JP¥4.11k | 18.6% +JP¥14.2b | 42.7% | PE10.5x | |
| 8060 Canon Marketing Japan | JP¥3.67k | 1.8% +JP¥13.2b | 28.5% | PE16.7x |