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Japanese (NIKKEI) Semiconductors Industry Analysis

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies57
  • 7D-5.0%
  • 3M22.3%
  • 1Y149.6%
  • YTD14.5%

Over the last 7 days, the Semiconductors industry has dropped 5.0%, driven by declines in Advantest and Tokyo Electron of 2.2% and 1.8%, respectively. Meanwhile, Kioxia Holdings actually outperformed within the industry, gaining 8.4% in the last week. In the past year, the industry has gained 150%. As for the next few years, earnings are expected to grow by 27% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Apr 2026JP¥68.2tJP¥11.4tJP¥1.4t21.7x49.1x6x
Sun, 01 Mar 2026JP¥79.3tJP¥11.4tJP¥1.4t25.5x56.8x7x
Tue, 27 Jan 2026JP¥70.0tJP¥11.3tJP¥1.4t25x49.4x6.2x
Thu, 25 Dec 2025JP¥55.4tJP¥11.2tJP¥1.4t21.2x39.3x4.9x
Sat, 22 Nov 2025JP¥50.2tJP¥11.2tJP¥1.4t19.9x35.7x4.5x
Mon, 20 Oct 2025JP¥48.7tJP¥11.1tJP¥1.4t18.2x34.2x4.4x
Wed, 17 Sep 2025JP¥40.0tJP¥11.0tJP¥1.4t15.9x28.3x3.7x
Fri, 15 Aug 2025JP¥35.1tJP¥11.0tJP¥1.4t15.6x24.6x3.2x
Sun, 13 Jul 2025JP¥38.4tJP¥11.0tJP¥1.7t15.5x22.6x3.5x
Tue, 10 Jun 2025JP¥33.0tJP¥11.2tJP¥1.7t13.7x19.2x2.9x
Thu, 08 May 2025JP¥29.1tJP¥11.2tJP¥1.8t12.1x16.6x2.6x
Sat, 05 Apr 2025JP¥26.5tJP¥11.0tJP¥1.8t10.8x15x2.4x
Mon, 03 Mar 2025JP¥33.9tJP¥11.0tJP¥1.8t13.4x19.1x3.1x
Wed, 29 Jan 2025JP¥34.5tJP¥10.5tJP¥1.6t13.6x22.1x3.3x
Fri, 27 Dec 2024JP¥34.3tJP¥10.3tJP¥1.4t13.5x25.2x3.3x
Sun, 24 Nov 2024JP¥33.3tJP¥9.1tJP¥1.4t14.1x24x3.6x
Tue, 22 Oct 2024JP¥34.2tJP¥8.9tJP¥1.3t15.8x25.5x3.8x
Thu, 19 Sep 2024JP¥31.3tJP¥8.7tJP¥1.3t14.9x23.7x3.6x
Sat, 17 Aug 2024JP¥38.9tJP¥8.9tJP¥1.3t16.5x29.2x4.4x
Mon, 15 Jul 2024JP¥47.2tJP¥8.6tJP¥1.3t21.6x37x5.5x
Wed, 12 Jun 2024JP¥45.6tJP¥8.6tJP¥1.3t22.1x36x5.3x
Fri, 10 May 2024JP¥43.8tJP¥8.6tJP¥1.3t21.6x33.5x5.1x
Sun, 07 Apr 2024JP¥46.2tJP¥8.6tJP¥1.3t19.6x34.9x5.4x
Tue, 05 Mar 2024JP¥48.3tJP¥8.6tJP¥1.3t23.2x36.6x5.6x
Thu, 01 Feb 2024JP¥38.6tJP¥8.7tJP¥1.4t17.2x28.2x4.4x
Sat, 30 Dec 2023JP¥35.2tJP¥8.7tJP¥1.4t16.6x25.7x4.1x
Mon, 27 Nov 2023JP¥33.3tJP¥8.5tJP¥1.4t17.6x24.3x3.9x
Wed, 25 Oct 2023JP¥28.5tJP¥8.8tJP¥1.5t14.1x18.6x3.2x
Fri, 22 Sep 2023JP¥27.8tJP¥8.5tJP¥1.5t13.1x18.5x3.3x
Sun, 20 Aug 2023JP¥28.8tJP¥8.3tJP¥1.5t13.5x19.5x3.5x
Tue, 18 Jul 2023JP¥30.0tJP¥8.6tJP¥1.6t13.2x19.4x3.5x
Thu, 15 Jun 2023JP¥29.5tJP¥8.6tJP¥1.6t13.6x18.9x3.4x
Sat, 13 May 2023JP¥23.0tJP¥8.6tJP¥1.5t10.9x14.9x2.7x
Mon, 10 Apr 2023JP¥21.7tJP¥8.3tJP¥1.5t10.7x14.6x2.6x
Price to Earnings Ratio

14.6x


Total Market Cap: JP¥21.7tTotal Earnings: JP¥1.5tTotal Revenue: JP¥8.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Semiconductors Industry Price to Earnings3Y Average 27.5x202420252026
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 49.1x which is higher than its 3-year average PE of 27.5x.
  • The 3-year average PS ratio of 4.1x 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 2.2% 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-0.87%
Tech-3.08%
Semiconductors-5.01%
Semiconductors-1.38%
Semiconductor Equipment-6.27%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 32.5x.
    • Analysts are expecting annual earnings growth of 52.8%, which is higher than its past year's earnings decline of 36.3% 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 29.9x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 53% over the next 5 years.
  • This is better than its past earnings decline of 36% per year.
  • In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 18% 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
285A Kioxia HoldingsJP¥21.98k8.4%
+JP¥930.4b		1,067.0%PE71.8x
6963 ROHMJP¥3.61k11.4%
+JP¥142.1b		194.5%PS2.9x
6920 LasertecJP¥35.94k2.8%
+JP¥86.9b		209.0%PE37x
429A Tekscend PhotomaskJP¥3.34k19.8%
+JP¥54.8b		n/aPE22.6x
6707 Sanken ElectricJP¥8.31k11.4%
+JP¥17.0b		19.5%PS2x

Latest News

429A
JP¥3,335.00
Tekscend Photomask
7D
19.8%
1Y
n/a
3436
JP¥1,739.00
Sumco
7D
-6.0%
1Y
95.9%
6525
JP¥5,240.00
Kokusai Electric
7D
-2.5%
1Y
148.9%

6525: Index Inclusion And Fair Value Reset Will Support Stronger Future Repricing

Analysts have raised Kokusai Electric's fair value estimate from ¥7,500 to ¥10,000, citing updated assumptions for revenue growth, profit margins, and future P/E multiples following recent quarterly results and a refreshed sector outlook. Analyst Commentary Recent Street research around Kokusai Electric has been mixed, but the overall tone of the fair value reset points to more constructive assumptions on growth, margins, and valuation, especially after the latest quarterly results and updated sector outlook.
6963
JP¥3,605.00
ROHM
7D
11.4%
1Y
194.5%
6723
JP¥2,269.00
Renesas Electronics
7D
-3.6%
1Y
37.0%
6857
JP¥21,585.00
Advantest
7D
-2.2%
1Y
281.8%

6857: Capital Returns And Margin Strength Will Support Future Upside

Analysts have raised their price target on Advantest from about ¥19,200 to roughly ¥28,400, citing updated assumptions for higher revenue growth, stronger profit margins and a slightly different P/E outlook as key drivers of the change. What's in the News A board meeting is scheduled for January 28, 2026, to discuss the cancellation of treasury shares, indicating a focus on capital structure decisions (company filing).
6526
JP¥1,872.00
Socionext
7D
-8.1%
1Y
20.3%
8035
JP¥38,570.00
Tokyo Electron
7D
-1.8%
1Y
103.4%
6146
JP¥65,710.00
Disco
7D
-1.2%
1Y
137.8%
6890
JP¥6,570.00
Ferrotec
7D
1.1%
1Y
191.2%
6875
JP¥8,740.00
MegaChips
7D
3.9%
1Y
117.1%
7735
JP¥9,184.00
SCREEN Holdings
7D
-3.7%
1Y
104.6%

7735: Earnings Guidance And Stock Split Will Continue To Limit Upside

Analysts have maintained their price target for SCREEN Holdings at ¥12,000, citing updated assumptions on revenue growth, profit margins, and a slightly higher future P/E multiple as key factors supporting this unchanged view. What's in the News SCREEN Holdings reaffirmed consolidated earnings guidance for the fiscal year ending March 31, 2026, with expected net sales of ¥621,000 million, operating income of ¥117,000 million, profit attributable to owners of parent of ¥88,000 million, and basic earnings per share of ¥930.90 (company guidance).
285A
JP¥21,975.00
Kioxia Holdings
7D
8.4%
1Y
1,067.0%
6920
JP¥35,940.00
Lasertec
7D
2.8%
1Y
209.0%
6707
JP¥8,314.00
Sanken Electric
7D
11.4%
1Y
19.5%
6871
JP¥10,150.00
Micronics Japan
7D
1.9%
1Y
249.4%