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Japanese (NIKKEI) IT Industry Analysis

UpdatedApr 23, 2026
DataAggregated Company Financials
Companies218
  • 7D5.1%
  • 3M-12.8%
  • 1Y12.6%
  • YTD-12.4%

The IT industry is up 5.1% in the last week, with Fujitsu up 6.9%. In the same time, Northsand was down 7.2%. This means that the industry has gained 13% over the past year. As for the next few years, earnings are expected to grow by 7.3% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 23 Apr 2026JP¥26.1tJP¥15.1tJP¥1.2t15.1x21.5x1.7x
Sat, 21 Mar 2026JP¥23.4tJP¥15.1tJP¥1.2t15x19.4x1.5x
Mon, 16 Feb 2026JP¥26.1tJP¥15.8tJP¥1.3t15.9x20.4x1.6x
Wed, 14 Jan 2026JP¥33.1tJP¥15.4tJP¥1.2t17.6x27.6x2.1x
Fri, 12 Dec 2025JP¥31.4tJP¥15.4tJP¥1.2t17.1x26.3x2x
Sun, 09 Nov 2025JP¥31.1tJP¥15.6tJP¥1.2t17.2x26.3x2x
Tue, 07 Oct 2025JP¥30.0tJP¥15.3tJP¥1.0t18.1x28.8x2x
Thu, 04 Sep 2025JP¥33.9tJP¥19.9tJP¥1.2t17.4x28.7x1.7x
Sat, 02 Aug 2025JP¥29.0tJP¥15.1tJP¥1.0t17.9x28.1x1.9x
Mon, 30 Jun 2025JP¥28.4tJP¥15.0tJP¥979.1b17.2x29x1.9x
Wed, 28 May 2025JP¥32.9tJP¥19.6tJP¥1.1t17.2x29.4x1.7x
Fri, 25 Apr 2025JP¥28.1tJP¥19.5tJP¥1.2t16.5x22.8x1.4x
Sun, 23 Mar 2025JP¥28.3tJP¥19.5tJP¥1.2t17.2x23x1.5x
Tue, 18 Feb 2025JP¥30.0tJP¥20.1tJP¥1.3t17.5x23.8x1.5x
Thu, 16 Jan 2025JP¥27.2tJP¥19.8tJP¥1.1t17x24.2x1.4x
Sat, 14 Dec 2024JP¥28.6tJP¥19.8tJP¥1.1t18.4x25.5x1.4x
Mon, 11 Nov 2024JP¥28.1tJP¥19.8tJP¥1.1t17.7x25.1x1.4x
Wed, 09 Oct 2024JP¥28.0tJP¥19.7tJP¥1.1t17.6x24.9x1.4x
Fri, 06 Sep 2024JP¥26.9tJP¥19.8tJP¥1.1t17.8x23.8x1.4x
Sun, 04 Aug 2024JP¥24.1tJP¥19.6tJP¥1.1t16.8x21x1.2x
Tue, 02 Jul 2024JP¥25.5tJP¥19.5tJP¥1.1t18.5x22.7x1.3x
Thu, 30 May 2024JP¥23.6tJP¥19.5tJP¥1.1t16.5x21x1.2x
Sat, 27 Apr 2024JP¥24.2tJP¥19.2tJP¥1.1t18.4x22.2x1.3x
Mon, 25 Mar 2024JP¥26.0tJP¥19.2tJP¥964.4b19.6x27x1.4x
Wed, 21 Feb 2024JP¥24.5tJP¥19.1tJP¥964.6b18.7x25.4x1.3x
Fri, 19 Jan 2024JP¥24.6tJP¥19.6tJP¥1.0t18.8x23.6x1.3x
Sun, 17 Dec 2023JP¥23.7tJP¥19.6tJP¥1.0t17.6x22.9x1.2x
Tue, 14 Nov 2023JP¥22.9tJP¥19.4tJP¥1.0t17.6x22.4x1.2x
Thu, 12 Oct 2023JP¥22.5tJP¥18.8tJP¥1.0t18.1x22.1x1.2x
Sat, 09 Sep 2023JP¥23.6tJP¥18.8tJP¥1.0t19.2x23.1x1.3x
Mon, 07 Aug 2023JP¥22.7tJP¥18.5tJP¥1.0t18.6x21.8x1.2x
Wed, 05 Jul 2023JP¥22.8tJP¥18.2tJP¥1.0t18.9x22.4x1.3x
Fri, 02 Jun 2023JP¥22.3tJP¥18.2tJP¥1.0t18.6x21.8x1.2x
Sun, 30 Apr 2023JP¥20.8tJP¥17.7tJP¥1.0t17.6x20.7x1.2x
Price to Earnings Ratio

20.7x


Total Market Cap: JP¥20.8tTotal Earnings: JP¥1.0tTotal Revenue: JP¥17.7tTotal 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 21.5x which is lower than its 3-year average PE of 24.3x.
  • The 3-year average PS ratio of 1.5x is lower than the industry's current PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the IT industry have grown 6.3% per year over the last three years.
  • Meanwhile revenues for these companies have declined 5.2% 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-0.44%
Tech4.53%
IT5.15%
IT Consulting5.19%
Internet Services and Infrastructure3.91%
Data Processing Services-0.19%
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 40.2x.
    • Analysts are expecting annual earnings growth of 18.0%, 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¥3.78k2.7%
+JP¥175.2b		28.6%PE20.6x
4307 Nomura Research InstituteJP¥5.05k3.5%
+JP¥98.1b		-5.6%PE27.5x
4684 OBICLtdJP¥4.27k3.3%
+JP¥58.9b		-14.0%PE24.6x
4768 OtsukaJP¥3.06k1.8%
+JP¥20.5b		-2.3%PE18.1x
4819 Digital GarageJP¥2.78k17.9%
+JP¥19.3b		-38.5%PE65.9x

Latest News

4819
JP¥2,778.00
Digital Garage
7D
17.9%
1Y
-38.5%
6701
JP¥4,289.00
NEC
7D
-0.9%
1Y
36.3%
4684
JP¥4,265.00
OBICLtd
7D
3.3%
1Y
-14.0%
9682
JP¥1,057.00
DTS
7D
-2.8%
1Y
6.5%
4307
JP¥5,045.00
Nomura Research Institute
7D
3.5%
1Y
-5.6%
8056
JP¥4,709.00
BIPROGY
7D
-3.1%
1Y
3.5%
4768
JP¥3,061.00
Otsuka
7D
1.8%
1Y
-2.3%
6702
JP¥3,780.00
Fujitsu
7D
2.7%
1Y
28.6%

6702: Share Cancellation And Higher Dividend Policy Will Support Future Returns

Analysts have made only a marginal adjustment to their Fujitsu fair value and price target, keeping it broadly in line with the prior view around ¥4,689. Updated assumptions for discount rate, revenue growth, profit margin and future P/E remain very close to earlier estimates.
9449
JP¥3,172.00
GMO internet group
7D
-2.6%
1Y
-6.1%

9449: AI Alliance And GPU Cloud Expansion Will Drive A More Upside-Skewed Outlook

Analysts now see GMO Internet Group’s fair value edging from ¥4,062.5 to ¥4,122.0. This reflects slightly adjusted assumptions on the discount rate, revenue growth, profit margins, and a lower future P/E of 17.22 versus 18.51 previously. What's in the News Board meeting on April 10, 2026 to consider a secondary offering of shares in consolidated subsidiary GMO Internet, Inc., via an underwriting syndicate led by joint lead managers (Key Developments).
4373
JP¥930.00
Simplex Holdings
7D
3.4%
1Y
24.7%
4371
JP¥1,397.00
Core Concept Technologies
7D
21.7%
1Y
36.6%
3626
JP¥3,600.00
TIS
7D
0.9%
1Y
-11.5%
7595
JP¥1,406.00
ARGO GRAPHICS
7D
-4.7%
1Y
12.5%
2327
JP¥3,710.00
NS Solutions
7D
-3.9%
1Y
5.5%
9759
JP¥2,756.00
NSD
7D
-3.2%
1Y
-19.4%
446A
JP¥1,396.00
Northsand
7D
-12.6%
1Y
n/a