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Japanese (NIKKEI) IT Industry Analysis

UpdatedApr 12, 2026
DataAggregated Company Financials
Companies218
  • 7D-1.3%
  • 3M-23.9%
  • 1Y5.8%
  • YTD-22.6%

Over the last 7 days, the IT industry has dropped 1.3%, driven by NEC declining 4.6%. In the past year, the industry has gained 5.8%. Looking forward, earnings are forecast to grow by 7.4% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 12 Apr 2026JP¥23.1tJP¥15.1tJP¥1.2t14.5x19.1x1.5x
Tue, 10 Mar 2026JP¥26.6tJP¥15.9tJP¥1.3t15.1x20.8x1.7x
Thu, 05 Feb 2026JP¥27.9tJP¥15.8tJP¥1.3t16.4x21.9x1.8x
Sat, 03 Jan 2026JP¥31.9tJP¥15.4tJP¥1.2t17.2x26.6x2.1x
Mon, 01 Dec 2025JP¥32.4tJP¥15.4tJP¥1.2t17.3x27.1x2.1x
Wed, 29 Oct 2025JP¥29.9tJP¥15.3tJP¥1.0t17.8x28.6x2x
Fri, 26 Sep 2025JP¥35.1tJP¥19.9tJP¥1.2t18.1x29.6x1.8x
Sun, 24 Aug 2025JP¥35.1tJP¥19.9tJP¥1.2t17.6x29.7x1.8x
Tue, 22 Jul 2025JP¥27.4tJP¥15.0tJP¥980.9b17.2x27.9x1.8x
Thu, 19 Jun 2025JP¥34.2tJP¥19.6tJP¥1.1t17.2x30.5x1.7x
Sat, 17 May 2025JP¥32.6tJP¥19.6tJP¥1.1t17.3x29.2x1.7x
Mon, 14 Apr 2025JP¥26.7tJP¥19.5tJP¥1.2t15.3x21.7x1.4x
Wed, 12 Mar 2025JP¥28.3tJP¥20.0tJP¥1.3t16.8x22.4x1.4x
Fri, 07 Feb 2025JP¥30.3tJP¥19.9tJP¥1.2t18.1x24.4x1.5x
Sun, 05 Jan 2025JP¥28.4tJP¥19.8tJP¥1.1t17.6x25.3x1.4x
Tue, 03 Dec 2024JP¥28.1tJP¥19.8tJP¥1.1t18x25x1.4x
Thu, 31 Oct 2024JP¥27.5tJP¥19.7tJP¥1.1t17.3x24.4x1.4x
Sat, 28 Sep 2024JP¥28.6tJP¥19.7tJP¥1.1t17.9x25.4x1.5x
Mon, 26 Aug 2024JP¥25.8tJP¥19.7tJP¥1.1t17.4x22.8x1.3x
Wed, 24 Jul 2024JP¥26.0tJP¥19.5tJP¥1.1t18.5x23.1x1.3x
Fri, 21 Jun 2024JP¥24.4tJP¥19.5tJP¥1.1t17.8x21.7x1.3x
Sun, 19 May 2024JP¥24.0tJP¥19.5tJP¥1.1t18.1x21.3x1.2x
Tue, 16 Apr 2024JP¥24.7tJP¥19.2tJP¥966.1b18.5x25.6x1.3x
Thu, 14 Mar 2024JP¥25.0tJP¥19.2tJP¥963.3b19.5x25.9x1.3x
Sat, 10 Feb 2024JP¥23.7tJP¥19.1tJP¥951.1b18.4x24.9x1.2x
Mon, 08 Jan 2024JP¥24.1tJP¥19.6tJP¥1.0t18.1x23.2x1.2x
Wed, 06 Dec 2023JP¥23.4tJP¥19.6tJP¥1.0t17.8x22.6x1.2x
Fri, 03 Nov 2023JP¥22.6tJP¥19.0tJP¥1.0t17.6x22.2x1.2x
Sun, 01 Oct 2023JP¥23.0tJP¥18.8tJP¥1.0t18.8x22.5x1.2x
Tue, 29 Aug 2023JP¥23.2tJP¥18.8tJP¥1.0t18.9x22.7x1.2x
Thu, 27 Jul 2023JP¥22.7tJP¥18.3tJP¥1.0t19.4x22.1x1.2x
Sat, 24 Jun 2023JP¥22.8tJP¥18.2tJP¥1.0t19.1x22.3x1.2x
Mon, 22 May 2023JP¥22.1tJP¥18.2tJP¥1.0t18.2x21.6x1.2x
Wed, 19 Apr 2023JP¥20.9tJP¥17.5tJP¥978.7b18.1x21.3x1.2x
Price to Earnings Ratio

21.3x


Total Market Cap: JP¥20.9tTotal Earnings: JP¥978.7bTotal Revenue: JP¥17.5tTotal 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 19.1x which is lower than its 3-year average PE of 24.3x.
  • The industry is trading close to its 3-year average PS ratio of 1.5x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 7.3% per year over the last three years.
  • Meanwhile revenues for these companies have declined 4.8% 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 Market2.88%
Tech10.10%
IT-1.27%
Internet Services and Infrastructure-0.045%
IT Consulting-1.31%
Data Processing Services-2.26%
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 40.4x.
    • Analysts are expecting annual earnings growth of 17.7%, which is lower than the prior year's growth of 26.9% per year.
  • Investors are most pessimistic about the Data Processing Services industry, which is trading below its 3-year average of 17.1x.
Forecasted Growth
  • Analysts are most optimistic on the Internet Services and Infrastructure industry, expecting annual earnings growth of 18% over the next 5 years.
  • However this is lower than its past earnings growth rate of 27% per year.
  • In contrast, the IT Consulting industry is expected to see its earnings grow by 7.1% 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
6702 FujitsuJP¥3.32k1.6%
+JP¥88.5b		20.0%PE18.1x
446A NorthsandJP¥1.36k4.7%
+JP¥4.2b		n/an/a
4819 Digital GarageJP¥2.14k3.8%
+JP¥3.6b		-49.1%PE50.8x
3778 SAKURA InternetJP¥3.05k2.8%
+JP¥3.3b		-14.3%PE164.1x
4259 ExaWizardsJP¥681.003.3%
+JP¥1.9b		134.8%PS5.3x

Latest News

6701
JP¥3,860.00
NEC
7D
-4.6%
1Y
30.6%
4768
JP¥2,982.00
Otsuka
7D
-3.1%
1Y
-0.3%
3697
JP¥628.00
SHIFT
7D
-3.9%
1Y
-46.7%
3626
JP¥3,379.00
TIS
7D
-3.4%
1Y
-13.4%
6702
JP¥3,324.00
Fujitsu
7D
1.6%
1Y
20.0%

6702: Dividend And Buyback Momentum Will Support Future Earnings Power

Analysts have trimmed their Fujitsu price target from about ¥4,960 to roughly ¥4,690, pointing to slightly higher discount rate assumptions and only modest adjustments to long term revenue growth, profit margins, and future P/E expectations. What’s in the News Board meeting scheduled for March 26, 2026 to consider canceling Fujitsu’s own shares under Article 178 of the Companies Act, which would affect the share count if approved (Board Meeting).
4307
JP¥4,418.00
Nomura Research Institute
7D
-0.7%
1Y
-14.9%

4307: Earnings Guidance And Planned Merger Are Expected To Support Upside

Analysts have trimmed their price target on Nomura Research Institute from ¥5,790 to ¥5,690, reflecting slightly lower fair value and modest tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions. What's in the News Issued consolidated earnings guidance for the fiscal year ending 31 March 2026, with expected revenue of ¥810,000m, operating profit of ¥150,000m, profit attributable to owners of parent of ¥104,000m and basic EPS of ¥181.51 (company guidance).
3778
JP¥3,050.00
SAKURA Internet
7D
2.8%
1Y
-14.3%
4684
JP¥3,884.00
OBICLtd
7D
-1.4%
1Y
-14.7%
4259
JP¥681.00
ExaWizards
7D
3.3%
1Y
134.8%
3914
JP¥2,743.00
JIG-SAW
7D
8.8%
1Y
-2.3%
2327
JP¥3,771.00
NS Solutions
7D
-1.3%
1Y
4.9%
9759
JP¥2,722.50
NSD
7D
-3.0%
1Y
-17.4%
4819
JP¥2,140.00
Digital Garage
7D
3.8%
1Y
-49.1%
446A
JP¥1,358.00
Northsand
7D
4.7%
1Y
n/a
4419
JP¥1,038.00
Finatext Holdings
7D
3.3%
1Y
29.8%
3788
JP¥2,099.00
GMO GlobalSign Holdings K.K
7D
5.8%
1Y
2.4%