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Japanese (NIKKEI) Semiconductors Industry Analysis

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies57
  • 7D-4.9%
  • 3M31.1%
  • 1Y126.9%
  • YTD21.1%

Over the last 7 days, the Semiconductors industry has dropped 12%, driven by declines in Advantest and Tokyo Electron of 6.4% and 6.0%, respectively. Meanwhile, ROHM actually outperformed within the industry, gaining 14% in the last week. This takes the industry's 12 month performance to a gain of 115%. As for the next few years, earnings are expected to grow by 23% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Mar 2026JP¥72.2tJP¥11.4tJP¥1.4t21.9x51.8x6.4x
Fri, 06 Feb 2026JP¥71.1tJP¥11.3tJP¥1.4t25.4x49.6x6.3x
Sun, 04 Jan 2026JP¥55.7tJP¥11.2tJP¥1.4t21.5x39.5x5x
Tue, 02 Dec 2025JP¥51.7tJP¥11.2tJP¥1.4t20.3x36.6x4.6x
Thu, 30 Oct 2025JP¥56.6tJP¥11.1tJP¥1.5t18.8x38.8x5.1x
Sat, 27 Sep 2025JP¥42.6tJP¥11.0tJP¥1.4t16x30.1x3.9x
Mon, 25 Aug 2025JP¥33.6tJP¥11.0tJP¥1.4t15.8x23.8x3.1x
Wed, 23 Jul 2025JP¥38.3tJP¥11.0tJP¥1.7t16x22.6x3.5x
Fri, 20 Jun 2025JP¥33.7tJP¥11.0tJP¥1.7t14.1x19.9x3.1x
Sun, 18 May 2025JP¥32.1tJP¥11.2tJP¥1.7t14.2x18.9x2.9x
Tue, 15 Apr 2025JP¥27.3tJP¥11.0tJP¥1.8t11.5x15.4x2.5x
Thu, 13 Mar 2025JP¥32.3tJP¥11.0tJP¥1.8t11.9x18.2x2.9x
Sat, 08 Feb 2025JP¥36.3tJP¥10.9tJP¥1.6t14.8x22.3x3.3x
Mon, 06 Jan 2025JP¥34.7tJP¥10.5tJP¥1.5t13.6x22.5x3.3x
Wed, 04 Dec 2024JP¥34.2tJP¥9.1tJP¥1.4t14x24x3.8x
Fri, 01 Nov 2024JP¥35.9tJP¥8.9tJP¥1.3t16x26.7x4x
Sun, 29 Sep 2024JP¥36.4tJP¥8.9tJP¥1.3t16.7x27.3x4.1x
Tue, 27 Aug 2024JP¥36.4tJP¥8.9tJP¥1.3t17.2x27.3x4.1x
Thu, 25 Jul 2024JP¥41.0tJP¥8.7tJP¥1.3t18.1x31.9x4.7x
Sat, 22 Jun 2024JP¥45.8tJP¥8.6tJP¥1.3t22.3x36.1x5.3x
Mon, 20 May 2024JP¥45.6tJP¥8.6tJP¥1.3t22x35.8x5.3x
Wed, 17 Apr 2024JP¥47.5tJP¥8.6tJP¥1.3t19.8x35.8x5.6x
Fri, 15 Mar 2024JP¥45.3tJP¥8.6tJP¥1.3t20.6x34.2x5.3x
Sun, 11 Feb 2024JP¥41.2tJP¥8.6tJP¥1.4t19.7x30.4x4.8x
Tue, 09 Jan 2024JP¥33.5tJP¥8.7tJP¥1.4t15.8x24.5x3.9x
Thu, 07 Dec 2023JP¥32.9tJP¥8.7tJP¥1.4t16.9x24x3.8x
Sat, 04 Nov 2023JP¥29.1tJP¥8.8tJP¥1.5t14.7x19.3x3.3x
Mon, 02 Oct 2023JP¥28.4tJP¥8.6tJP¥1.5t14.1x18.9x3.3x
Wed, 30 Aug 2023JP¥29.5tJP¥8.5tJP¥1.5t14.2x19.6x3.5x
Fri, 28 Jul 2023JP¥30.2tJP¥8.6tJP¥1.5t13x19.9x3.5x
Sun, 25 Jun 2023JP¥28.9tJP¥8.6tJP¥1.6t13.2x18.6x3.3x
Tue, 23 May 2023JP¥25.4tJP¥8.6tJP¥1.6t12.4x16.3x2.9x
Thu, 20 Apr 2023JP¥21.9tJP¥8.4tJP¥1.5t10.6x14.8x2.6x
Sat, 18 Mar 2023JP¥22.6tJP¥8.3tJP¥1.5t10.7x15.3x2.7x
Price to Earnings Ratio

15.3x


Total Market Cap: JP¥22.6tTotal Earnings: JP¥1.5tTotal Revenue: JP¥8.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Semiconductors Industry Price to Earnings3Y Average 26.7x202420252026
Current Industry PE
  • Investors are optimistic on the Japanese Semiconductor industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 49.2x which is higher than its 3-year average PE of 26.7x.
  • The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 6.0x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have declined 2.0% per year over the last three years.
  • Meanwhile revenues for these companies have grown 11% per year.
  • This means that although more sales are being generated, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Japanese Tech industry?

JP Market-2.75%
Tech-2.23%
Semiconductors-4.94%
Semiconductors-2.98%
Semiconductor Equipment-5.56%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 29.6x.
    • Analysts are expecting annual earnings growth of 41.7%, which is higher than its past year's earnings decline of 10.8% per year.
  • Investors are most pessimistic about the Semiconductor Equipment industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 29.3x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 42% over the next 5 years.
  • This is better than its past earnings decline of 11% per year.
  • In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 17% 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
6963 ROHMJP¥3.30k14.4%
+JP¥159.6b		111.5%PS2.7x
6920 LasertecJP¥34.77k1.6%
+JP¥49.3b		129.5%PE35.8x
6227 AIMECHATECJP¥22.00k13.8%
+JP¥16.7b		600.6%PE46.5x
6941 Yamaichi ElectronicsLtdJP¥8.83k5.2%
+JP¥8.1b		322.5%PE21x
3856 AbalanceJP¥613.0010.5%
+JP¥1.1b		7.0%PE9.2x

Latest News

6723
JP¥2,549.50
Renesas Electronics
7D
-6.5%
1Y
12.0%
6920
JP¥34,770.00
Lasertec
7D
1.6%
1Y
129.5%
6525
JP¥5,827.00
Kokusai Electric
7D
-5.9%
1Y
98.9%
7729
JP¥14,995.00
Tokyo Seimitsu
7D
-10.3%
1Y
91.0%
285A
JP¥19,570.00
Kioxia Holdings
7D
-3.1%
1Y
639.0%
8035
JP¥40,030.00
Tokyo Electron
7D
-6.0%
1Y
87.3%

8035: Rich Dividends And Buybacks Will Still Leave Shares Overpriced

Analysts have lifted their price target for Tokyo Electron from ¥27,098 to ¥29,085, citing updated assumptions for slightly higher revenue growth, profit margins and future P/E multiples, as well as a modestly adjusted discount rate. What's in the News Tokyo Electron updated its consolidated earnings guidance for the fiscal year ending March 31, 2026, now expecting net sales of ¥2.41b, operating income of ¥593,000m, net income attributable to owners of parent of ¥550,000m, and net income per share of ¥1,200.05.
6963
JP¥3,295.00
ROHM
7D
14.4%
1Y
111.5%

6963: GaN Power Expansion And Pending Takeover Will Restrain Future Upside

Analysts have made a slight upward adjustment to their price target on ROHM, nudging fair value from ¥2,431.82 to ¥2,435.00 as they refresh their assumptions on the discount rate, revenue growth, profit margin, and future P/E. What's in the News DENSO Corporation proposed to acquire the remaining 95.2% stake in ROHM for an estimated US$8.3b, which would take its ownership to 100% if completed (M&A Transaction Announcements, March 6, 2026).
7735
JP¥19,455.00
SCREEN Holdings
7D
-8.1%
1Y
81.6%

7735: Stock Split And Higher Margins Will Support Stronger Upside Potential

Analysts have lifted their price target on SCREEN Holdings from ¥31,009.86 to ¥32,500, citing updated assumptions that reflect slightly higher revenue growth, profit margins, and future P/E expectations. What's in the News The Board of Directors approved a stock split and related amendments to the Articles of Incorporation, with changes scheduled to take effect on April 1, 2026 (Company announcement).
6227
JP¥22,000.00
AIMECHATEC
7D
13.8%
1Y
600.6%
6857
JP¥24,075.00
Advantest
7D
-6.4%
1Y
203.9%

6857: AI Test Demand Will Support Stronger Margins And Future Upside

Analysts have raised their Advantest price target to ¥32,300, reflecting updated assumptions that include slightly adjusted discount rates, a modestly higher revenue growth outlook, stronger profit margin expectations, and a lower future P/E multiple. What's in the News Revised earnings guidance for the year ending March 31, 2026, with expected net sales of ¥1,070,000m, operating income of ¥454,000m, and net income attributable to owners of the parent of ¥328,500m, or basic EPS of ¥452.34, compared with previous guidance that referenced net sales of ¥950.0b and operating income of ¥374.0b (Corporate guidance).
6146
JP¥69,790.00
Disco
7D
-4.4%
1Y
110.7%
3856
JP¥613.00
Abalance
7D
10.5%
1Y
7.0%
5216
JP¥191.00
Kuramoto
7D
2.1%
1Y
-14.0%
7794
JP¥1,262.00
EDP
7D
1.9%
1Y
97.5%
6941
JP¥8,830.00
Yamaichi ElectronicsLtd
7D
5.2%
1Y
322.5%

Yamaichi ElectronicsLtd (TSE:6941) Will Pay A Larger Dividend Than Last Year At ¥97.00

Feb 09
Yamaichi ElectronicsLtd (TSE:6941) Will Pay A Larger Dividend Than Last Year At ¥97.00
6769
JP¥927.00
THine Electronics
7D
10.1%
1Y
5.8%