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Japanese (NIKKEI) IT Industry Analysis

UpdatedFeb 17, 2026
DataAggregated Company Financials
Companies215
  • 7D-4.3%
  • 3M-15.5%
  • 1Y6.4%
  • YTD-17.4%

Over the last 7 days, the IT industry has dropped 3.1%, driven by pullbacks in NEC and Fujitsu of 6.3% and 4.7%, respectively. In contrast, Base has gained 8.3%. Over the past 12 months, the industry was up 5.5%. Earnings are forecast to grow by 7.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 17 Feb 2026JP¥26.3tJP¥15.9tJP¥1.3t15.9x20.6x1.7x
Thu, 15 Jan 2026JP¥33.3tJP¥15.4tJP¥1.2t17.7x27.8x2.2x
Sat, 13 Dec 2025JP¥31.9tJP¥15.4tJP¥1.2t17.2x26.7x2.1x
Mon, 10 Nov 2025JP¥31.1tJP¥15.6tJP¥1.2t17.2x26.3x2x
Wed, 08 Oct 2025JP¥29.8tJP¥15.3tJP¥1.0t18.1x28.6x2x
Fri, 05 Sep 2025JP¥34.3tJP¥19.9tJP¥1.2t17.4x28.9x1.7x
Sun, 03 Aug 2025JP¥29.1tJP¥15.2tJP¥1.0t17.8x28x1.9x
Tue, 01 Jul 2025JP¥28.6tJP¥15.0tJP¥979.1b17.2x29.2x1.9x
Thu, 29 May 2025JP¥32.7tJP¥19.6tJP¥1.1t17.3x29.2x1.7x
Sat, 26 Apr 2025JP¥28.6tJP¥19.3tJP¥1.1t16.6x25.6x1.5x
Mon, 24 Mar 2025JP¥28.8tJP¥19.8tJP¥1.2t17.4x23.1x1.5x
Wed, 19 Feb 2025JP¥30.2tJP¥20.1tJP¥1.3t17.7x23.9x1.5x
Fri, 17 Jan 2025JP¥27.2tJP¥19.8tJP¥1.1t17.3x24.2x1.4x
Sun, 15 Dec 2024JP¥28.6tJP¥19.8tJP¥1.1t18.4x25.5x1.4x
Tue, 12 Nov 2024JP¥28.0tJP¥19.8tJP¥1.1t17.6x25x1.4x
Thu, 10 Oct 2024JP¥28.4tJP¥19.7tJP¥1.1t17.9x25.3x1.4x
Sat, 07 Sep 2024JP¥26.7tJP¥19.8tJP¥1.1t17.6x23.6x1.4x
Mon, 05 Aug 2024JP¥24.1tJP¥19.6tJP¥1.1t16.8x21x1.2x
Wed, 03 Jul 2024JP¥25.8tJP¥19.5tJP¥1.1t18.7x22.9x1.3x
Fri, 31 May 2024JP¥23.6tJP¥19.5tJP¥1.1t16.8x21x1.2x
Sun, 28 Apr 2024JP¥24.2tJP¥19.2tJP¥1.1t18.4x22.2x1.3x
Tue, 26 Mar 2024JP¥25.5tJP¥19.2tJP¥964.4b19.7x26.4x1.3x
Thu, 22 Feb 2024JP¥24.1tJP¥19.1tJP¥964.6b18.3x25x1.3x
Sat, 20 Jan 2024JP¥24.7tJP¥19.6tJP¥1.0t18.8x23.8x1.3x
Mon, 18 Dec 2023JP¥23.7tJP¥19.6tJP¥1.0t17.6x22.9x1.2x
Wed, 15 Nov 2023JP¥22.8tJP¥19.4tJP¥1.0t17.5x22.2x1.2x
Fri, 13 Oct 2023JP¥22.8tJP¥18.8tJP¥1.0t18.2x22.3x1.2x
Sun, 10 Sep 2023JP¥23.6tJP¥18.8tJP¥1.0t19.2x23.1x1.3x
Tue, 08 Aug 2023JP¥22.9tJP¥18.5tJP¥1.0t18.6x22x1.2x
Thu, 06 Jul 2023JP¥22.7tJP¥18.2tJP¥1.0t18.9x22.2x1.2x
Sat, 03 Jun 2023JP¥22.6tJP¥18.2tJP¥1.0t18.7x22.1x1.2x
Mon, 01 May 2023JP¥20.8tJP¥17.7tJP¥1.0t17.6x20.7x1.2x
Wed, 29 Mar 2023JP¥20.0tJP¥17.5tJP¥979.6b17.7x20.4x1.1x
Fri, 24 Feb 2023JP¥21.3tJP¥18.3tJP¥1.1t17.5x20.3x1.2x
Price to Earnings Ratio

20.3x


Total Market Cap: JP¥21.3tTotal Earnings: JP¥1.1tTotal Revenue: JP¥18.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese IT Industry Price to Earnings3Y Average 24.3x202420252026
Current Industry PE
  • Investors are pessimistic on the Japanese IT 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 20.4x which is lower than its 3-year average PE of 24.3x.
  • The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.6x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 6.7% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.7% 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 Market0.45%
Tech0.83%
IT-4.27%
Data Processing Services-0.14%
IT Consulting-4.21%
Internet Services and Infrastructure-6.34%
Industry PE
  • Investors are most optimistic about the Internet Services and Infrastructure industry even though it's trading below its 3-year average PE ratio of 41.2x.
    • Analysts are expecting annual earnings growth of 19.6%, which is lower than the prior year's growth of 34.9% per year.
  • Investors are most pessimistic about the Data Processing Services industry, which is trading below its 3-year average of 17.4x.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 20% over the next 5 years.
  • However this is lower than its past earnings growth rate of 35% per year.
  • In contrast, the Data Processing Services industry is expected to see its earnings grow by 6.4% 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
4481 BaseJP¥3.24k8.3%
+JP¥4.5b		-2.4%PE13.9x
4419 Finatext HoldingsJP¥844.009.8%
+JP¥3.9b		2.6%PE42.7x
4768 OtsukaJP¥3.03k0.3%
+JP¥3.8b		-15.6%PE17.9x
3778 SAKURA InternetJP¥2.89k3.0%
+JP¥3.4b		-37.7%PE155.5x
3837 Ad-Sol NissinJP¥1.87k10.6%
+JP¥3.1b		83.7%PE21.8x

Latest News

3968
JP¥521.00
Segue Group
7D
-1.3%
1Y
7.2%
9449
JP¥3,111.00
GMO internet group
7D
-13.3%
1Y
5.9%
4481
JP¥3,240.00
Base
7D
8.3%
1Y
-2.4%
4819
JP¥1,979.00
Digital Garage
7D
-13.6%
1Y
-55.7%
4477
JP¥334.00
BASEInc
7D
4.4%
1Y
-23.0%
6701
JP¥4,200.00
NEC
7D
-6.8%
1Y
35.9%

The Price Is Right For NEC Corporation (TSE:6701) Even After Diving 31%

Feb 13
The Price Is Right For NEC Corporation (TSE:6701) Even After Diving 31%
4768
JP¥3,027.00
Otsuka
7D
0.3%
1Y
-15.6%
4307
JP¥4,106.00
Nomura Research Institute
7D
-2.8%
1Y
-22.7%

Nomura Research Institute, Ltd.'s (TSE:4307) 32% Cheaper Price Remains In Tune With Earnings

Feb 13
Nomura Research Institute, Ltd.'s (TSE:4307) 32% Cheaper Price Remains In Tune With Earnings
7595
JP¥1,547.00
ARGO GRAPHICS
7D
2.0%
1Y
14.6%
4812
JP¥1,848.00
Dentsu Soken
7D
-13.5%
1Y
-10.0%
4419
JP¥844.00
Finatext Holdings
7D
9.8%
1Y
2.6%
3837
JP¥1,865.00
Ad-Sol Nissin
7D
10.6%
1Y
83.7%
3626
JP¥3,239.00
TIS
7D
-7.0%
1Y
-13.3%
6702
JP¥3,808.00
Fujitsu
7D
-5.2%
1Y
22.8%

6702: Dividend Hike And Buybacks Will Support Future Margins

Analysts have nudged their fair value estimate for Fujitsu higher from ¥4,840.91 to ¥4,961.54, citing updated assumptions around discount rates, revenue growth, profit margins, and future P/E levels. What's in the News Board meeting on January 29, 2026, to review the reason for revising the dividend forecast and an overview of the revisions (Key Developments).
2327
JP¥3,665.00
NS Solutions
7D
-5.8%
1Y
-15.1%

Why NS Solutions' (TSE:2327) Shaky Earnings Are Just The Beginning Of Its Problems

Feb 06
Why NS Solutions' (TSE:2327) Shaky Earnings Are Just The Beginning Of Its Problems
3778
JP¥2,889.00
SAKURA Internet
7D
3.0%
1Y
-37.7%