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Japanese (NIKKEI) IT Industry Analysis

UpdatedJan 26, 2026
DataAggregated Company Financials
Companies216
  • 7D-1.7%
  • 3M6.4%
  • 1Y43.7%
  • YTD1.6%

Over the last 7 days, the IT industry has dropped 1.7%, driven by Fujitsu declining 11%. Over the past 12 months, the industry was up 44%. Earnings are forecast to grow by 8.6% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 27 Jan 2026JP¥32.4tJP¥15.5tJP¥1.2t17.8x27x2.1x
Thu, 25 Dec 2025JP¥31.8tJP¥15.4tJP¥1.2t17.3x26.5x2.1x
Sat, 22 Nov 2025JP¥32.7tJP¥15.4tJP¥1.2t17.2x27.4x2.1x
Mon, 20 Oct 2025JP¥28.6tJP¥15.3tJP¥1.0t17.1x27.4x1.9x
Wed, 17 Sep 2025JP¥35.3tJP¥19.9tJP¥1.2t17.8x29.8x1.8x
Fri, 15 Aug 2025JP¥29.2tJP¥15.2tJP¥1.0t17.7x28.1x1.9x
Sun, 13 Jul 2025JP¥26.7tJP¥15.0tJP¥980.6b17.2x27.2x1.8x
Tue, 10 Jun 2025JP¥33.4tJP¥19.6tJP¥1.1t17.7x29.9x1.7x
Thu, 08 May 2025JP¥30.1tJP¥19.5tJP¥1.1t17.5x26.9x1.5x
Sat, 05 Apr 2025JP¥26.7tJP¥19.5tJP¥1.2t15.2x21.6x1.4x
Mon, 03 Mar 2025JP¥28.3tJP¥20.0tJP¥1.3t17.1x22.5x1.4x
Wed, 29 Jan 2025JP¥28.2tJP¥19.8tJP¥1.1t17.9x25x1.4x
Fri, 27 Dec 2024JP¥28.0tJP¥19.8tJP¥1.1t17.5x25x1.4x
Sun, 24 Nov 2024JP¥27.4tJP¥19.8tJP¥1.1t17.7x24.4x1.4x
Tue, 22 Oct 2024JP¥27.4tJP¥19.7tJP¥1.1t17.6x24.3x1.4x
Thu, 19 Sep 2024JP¥27.4tJP¥19.6tJP¥1.1t17.7x24.5x1.4x
Sat, 17 Aug 2024JP¥25.3tJP¥19.7tJP¥1.1t16.8x22.4x1.3x
Mon, 15 Jul 2024JP¥25.9tJP¥19.5tJP¥1.1t18.9x23.1x1.3x
Wed, 12 Jun 2024JP¥24.5tJP¥19.5tJP¥1.1t16.9x21.8x1.3x
Fri, 10 May 2024JP¥24.2tJP¥19.3tJP¥1.1t18.6x21.7x1.3x
Sun, 07 Apr 2024JP¥24.4tJP¥19.2tJP¥964.2b18.6x25.3x1.3x
Tue, 05 Mar 2024JP¥25.2tJP¥19.2tJP¥965.2b18.8x26.1x1.3x
Thu, 01 Feb 2024JP¥25.0tJP¥19.6tJP¥1.0t19x24x1.3x
Sat, 30 Dec 2023JP¥24.2tJP¥19.6tJP¥1.0t18.2x23.3x1.2x
Mon, 27 Nov 2023JP¥23.5tJP¥19.6tJP¥1.0t18.4x22.8x1.2x
Wed, 25 Oct 2023JP¥21.6tJP¥18.9tJP¥1.0t17.4x21.1x1.1x
Fri, 22 Sep 2023JP¥23.3tJP¥18.8tJP¥1.0t18.6x22.9x1.2x
Sun, 20 Aug 2023JP¥22.4tJP¥18.8tJP¥1.0t18.2x21.9x1.2x
Tue, 18 Jul 2023JP¥22.7tJP¥18.3tJP¥1.0t18.5x22.2x1.2x
Thu, 15 Jun 2023JP¥23.3tJP¥18.2tJP¥1.0t19x22.8x1.3x
Sat, 13 May 2023JP¥21.7tJP¥17.8tJP¥1.0t18x21.2x1.2x
Mon, 10 Apr 2023JP¥19.9tJP¥17.5tJP¥978.9b17.7x20.4x1.1x
Wed, 08 Mar 2023JP¥21.8tJP¥18.3tJP¥1.1t18.2x20.7x1.2x
Fri, 03 Feb 2023JP¥22.4tJP¥17.9tJP¥1.1t17.5x20.8x1.3x
Price to Earnings Ratio

20.8x


Total Market Cap: JP¥22.4tTotal Earnings: JP¥1.1tTotal Revenue: JP¥17.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese IT Industry Price to Earnings3Y Average 24.3x202420252026
Current Industry PE
  • Investors are optimistic on the Japanese IT industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 27.0x which is higher 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 2.1x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 3.5% 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 Market-0.56%
Tech0.92%
IT-1.68%
Data Processing Services0.16%
Internet Services and Infrastructure-0.75%
IT Consulting-1.71%
Industry PE
  • Investors are most optimistic about the IT Consulting industry which is trading above its 3-year average PE ratio of 24.0x.
    • Analysts are expecting annual earnings growth of 8.3%, which is lower than the prior year's growth of 16.6% per year.
  • Investors are most pessimistic about the Data Processing Services industry, which is trading close to its 3-year average of 17.5x.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 17% over the next 5 years.
  • However this is lower than its past earnings growth rate of 23% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 8.3% 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
446A NorthsandJP¥1.64k6.7%
+JP¥7.1b		n/an/a
3697 SHIFTJP¥842.303.2%
+JP¥6.8b		-34.4%PE25.3x
1447 SAAF HoldingsLtdJP¥398.0028.0%
+JP¥2.1b		23.2%PE44.1x
2332 QuestJP¥2.02k23.3%
+JP¥2.1b		52.6%PE14.6x
9640 Saison TechnologyJP¥2.48k3.4%
+JP¥1.3b		37.7%PE26x

Latest News

1447
JP¥398.00
SAAF HoldingsLtd
7D
28.0%
1Y
23.2%
2332
JP¥2,020.00
Quest
7D
23.3%
1Y
52.6%
4684
JP¥4,600.00
OBICLtd
7D
-3.5%
1Y
1.4%

Does OBICLtd (TSE:4684) Deserve A Spot On Your Watchlist?

Jan 25
Does OBICLtd (TSE:4684) Deserve A Spot On Your Watchlist?
6702
JP¥4,037.00
Fujitsu
7D
-11.5%
1Y
43.9%

6702: Higher Fair Value And AI Supply Chain Push Will Drive Upside

Analysts have raised their fair value estimate for Fujitsu from ¥4,400 to about ¥5,918, citing updated assumptions around revenue growth, profit margins and future P/E expectations. The revision also reflects Fujitsu’s recent removal from a regional conviction list as part of broader coverage changes.
3626
JP¥4,702.00
TIS
7D
-3.7%
1Y
39.4%

Here's Why TIS (TSE:3626) Has Caught The Eye Of Investors

Jan 23
Here's Why TIS (TSE:3626) Has Caught The Eye Of Investors
6701
JP¥5,611.00
NEC
7D
-6.5%
1Y
116.8%

6701: Future CSG Acquisition And Cloud Expansion Will Elevate Shareholder Risk

Analysts have nudged their price target for NEC slightly higher to $5,015.05 from $5,000, citing updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E as the key drivers of the change. What's in the News KDDI plans to deploy Netcracker Digital Commerce & Monetization, with NEC acting as the prime system integrator to support next generation mediation, resource utilization, and more flexible in house development for telecom operations (Client announcement).
3918
JP¥1,567.00
PCI Holdings
7D
6.7%
1Y
78.1%
9449
JP¥3,951.00
GMO internet group
7D
-3.0%
1Y
47.6%

9449: Share Buybacks And Alliance Plans Will Shape A Balanced Outlook

Analysts have lifted their fair value estimate for GMO Internet Group from ¥3,670 to ¥4,062.50, citing adjustments to the discount rate, revenue growth, profit margin assumptions and a higher future P/E as the main drivers of this change. What's in the News The Board of Directors authorized a share repurchase program on November 25, 2025, allowing GMO Internet Group to buy back up to 4,200,000 shares, or 4.14% of issued share capital, for up to ¥10,000 million.
4307
JP¥5,835.00
Nomura Research Institute
7D
-3.8%
1Y
22.3%

4307: Financial Platform Services Will Drive Future Upside As Industrial IT Recovers

Analysts have nudged up their fair value estimate for Nomura Research Institute to ¥6,596 from ¥6,550, citing recent Street research that points to steadier growth in financial platform services and early signs of recovery in industrial IT, which supports a slightly higher future P/E assumption. Analyst Commentary Bullish Takeaways Bullish analysts see the upgrade to Neutral with a ¥6,500 price target as support for the view that current valuation is more in line with the company’s earnings power.
3697
JP¥842.30
SHIFT
7D
3.2%
1Y
-34.4%
8056
JP¥5,213.00
BIPROGY
7D
-3.5%
1Y
14.6%

Should You Be Adding BIPROGY (TSE:8056) To Your Watchlist Today?

Jan 20
Should You Be Adding BIPROGY (TSE:8056) To Your Watchlist Today?
4768
JP¥3,152.00
Otsuka
7D
-2.1%
1Y
-8.2%

Capital Investment Trends At Otsuka (TSE:4768) Look Strong

Jan 09
Capital Investment Trends At Otsuka (TSE:4768) Look Strong
5036
JP¥1,846.00
Japan Business Systems
7D
1.6%
1Y
93.7%

Japan Business Systems (TSE:5036) Has Announced A Dividend Of ¥22.00

Jan 09
Japan Business Systems (TSE:5036) Has Announced A Dividend Of ¥22.00
9640
JP¥2,475.00
Saison Technology
7D
3.4%
1Y
37.7%

Saison Technology's (TSE:9640) Dividend Will Be ¥45.00

Dec 25
Saison Technology's (TSE:9640) Dividend Will Be ¥45.00
5599
JP¥2,371.00
S&J
7D
8.5%
1Y
147.2%
446A
JP¥1,643.00
Northsand
7D
6.7%
1Y
n/a