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Japanese (NIKKEI) Semiconductors Industry Analysis

UpdatedFeb 20, 2026
DataAggregated Company Financials
Companies57
  • 7D1.6%
  • 3M55.3%
  • 1Y109.2%
  • YTD30.9%

The Semiconductors industry is up 1.6% in the last week, with Tokyo Electron up 4.6%. During this same period, the Kioxia Holdings underperformed, falling 10%. This means that the industry has gained 109% over the past year. Earnings are forecast to grow by 22% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 20 Feb 2026JP¥78.1tJP¥11.4tJP¥1.4t24.1x56x6.9x
Sun, 18 Jan 2026JP¥67.5tJP¥11.2tJP¥1.4t24.1x47.8x6x
Tue, 16 Dec 2025JP¥52.8tJP¥11.2tJP¥1.4t20.6x37.5x4.7x
Thu, 13 Nov 2025JP¥56.0tJP¥11.2tJP¥1.5t19.8x36.9x5x
Sat, 11 Oct 2025JP¥48.4tJP¥11.0tJP¥1.4t16.5x34.2x4.4x
Mon, 08 Sep 2025JP¥34.1tJP¥11.0tJP¥1.4t15.1x24.1x3.1x
Wed, 06 Aug 2025JP¥34.6tJP¥11.1tJP¥1.5t15.5x23.4x3.1x
Fri, 04 Jul 2025JP¥37.5tJP¥11.0tJP¥1.7t15.4x22.1x3.4x
Sun, 01 Jun 2025JP¥31.6tJP¥11.2tJP¥1.7t14.3x18.4x2.8x
Tue, 29 Apr 2025JP¥28.0tJP¥11.1tJP¥1.7t11.6x16x2.5x
Thu, 27 Mar 2025JP¥33.1tJP¥11.0tJP¥1.8t13.1x18.7x3x
Sat, 22 Feb 2025JP¥38.3tJP¥11.0tJP¥1.8t14.2x21.7x3.5x
Mon, 20 Jan 2025JP¥36.0tJP¥10.5tJP¥1.5t13.4x23.4x3.4x
Wed, 18 Dec 2024JP¥33.9tJP¥10.3tJP¥1.4t13.5x25x3.3x
Fri, 15 Nov 2024JP¥33.0tJP¥9.1tJP¥1.4t14x23.9x3.6x
Sun, 13 Oct 2024JP¥35.0tJP¥8.9tJP¥1.3t15.4x26.3x3.9x
Tue, 10 Sep 2024JP¥30.7tJP¥8.9tJP¥1.3t15.5x22.9x3.4x
Thu, 08 Aug 2024JP¥34.6tJP¥8.7tJP¥1.3t14.6x27.4x4x
Sat, 06 Jul 2024JP¥47.9tJP¥8.6tJP¥1.3t23.2x37.7x5.6x
Mon, 03 Jun 2024JP¥44.9tJP¥8.6tJP¥1.3t21.5x35.3x5.2x
Wed, 01 May 2024JP¥42.7tJP¥8.6tJP¥1.3t22.2x32.8x5x
Fri, 29 Mar 2024JP¥47.9tJP¥8.6tJP¥1.3t20.4x36.2x5.6x
Sun, 25 Feb 2024JP¥45.8tJP¥8.6tJP¥1.3t21.1x34.7x5.4x
Tue, 23 Jan 2024JP¥39.5tJP¥8.7tJP¥1.4t18.1x28.9x4.6x
Thu, 21 Dec 2023JP¥35.0tJP¥8.7tJP¥1.4t16.9x25.6x4x
Sat, 18 Nov 2023JP¥33.3tJP¥8.5tJP¥1.4t17.3x24.3x3.9x
Mon, 16 Oct 2023JP¥29.8tJP¥8.6tJP¥1.5t14.5x19.8x3.5x
Wed, 13 Sep 2023JP¥28.4tJP¥8.5tJP¥1.5t14.4x18.9x3.3x
Fri, 11 Aug 2023JP¥29.2tJP¥8.4tJP¥1.5t12.1x19.3x3.5x
Sun, 09 Jul 2023JP¥29.7tJP¥8.6tJP¥1.6t13.6x19.1x3.4x
Tue, 06 Jun 2023JP¥28.2tJP¥8.6tJP¥1.6t13.4x18.1x3.3x
Thu, 04 May 2023JP¥22.0tJP¥8.6tJP¥1.5t10.7x14.2x2.6x
Sat, 01 Apr 2023JP¥23.0tJP¥8.3tJP¥1.5t11x15.5x2.8x
Mon, 27 Feb 2023JP¥21.8tJP¥8.3tJP¥1.5t10.9x14.6x2.6x
Price to Earnings Ratio

14.6x


Total Market Cap: JP¥21.8tTotal Earnings: JP¥1.5tTotal Revenue: JP¥8.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Semiconductors Industry Price to Earnings3Y Average 26x202420252026
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 56.0x which is higher than its 3-year average PE of 26.0x.
  • The 3-year average PS ratio of 3.9x is lower than the industry's current PS ratio of 6.9x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have declined 2.1% 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-0.55%
Tech1.21%
Semiconductors1.56%
Semiconductor Equipment2.07%
Semiconductors0.068%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 27.4x.
    • Analysts are expecting annual earnings growth of 39.9%, 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 28.8x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 40% 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 16% 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
8035 Tokyo ElectronJP¥43.96k4.7%
+JP¥903.1b		72.7%PE40.1x
7735 SCREEN HoldingsJP¥21.98k5.5%
+JP¥108.7b		87.2%PE24.5x
6146 DiscoJP¥74.06k1.4%
+JP¥108.4b		61.6%PE61.2x
6227 AIMECHATECJP¥20.52k85.0%
+JP¥59.1b		461.4%PE43.3x
6963 ROHMJP¥2.65k6.0%
+JP¥57.9b		61.9%PS2.2x

Latest News

6146
JP¥74,060.00
Disco
7D
1.4%
1Y
61.6%
6723
JP¥2,908.00
Renesas Electronics
7D
-1.1%
1Y
6.0%

6723: Future Auto SoC Investments And M&A Uncertainty Will Pressure Margins

Analysts are keeping their ¥1,950 price target for Renesas Electronics unchanged, citing a combination of slightly lower assumed revenue growth, a higher profit margin, and a somewhat reduced future P/E multiple that together balance out under a modestly lower discount rate. What's in the News Renesas introduced three automotive SoC technologies for multi-domain ECUs, targeting software defined vehicles with advanced AI processing, chiplet based scalability and functional safety features, presented at ISSCC 2026 in San Francisco (Product related announcement).
285A
JP¥20,560.00
Kioxia Holdings
7D
-10.0%
1Y
781.3%

Analyst Forecasts For Kioxia Holdings Corporation (TSE:285A) Are Surging Higher

Feb 18
Analyst Forecasts For Kioxia Holdings Corporation (TSE:285A) Are Surging Higher
429A
JP¥2,946.00
Tekscend Photomask
7D
-6.6%
1Y
n/a
6857
JP¥25,475.00
Advantest
7D
-6.1%
1Y
164.5%

6857: AI Test Demand And New Products Will Drive Future Upside

Analysts have raised their price target on Advantest from ¥26,100 to ¥32,300, reflecting updated assumptions regarding revenue growth, profit margins, the future P/E multiple, and a slightly lower discount rate. What's in the News Revised consolidated earnings guidance for the year ending March 31, 2026, with expected net sales of ¥1.07b, operating income of ¥454.0b, net income of ¥328.5b, and basic EPS of ¥452.34, compared with prior guidance of net sales of ¥950.0b, operating income of ¥374.0b, and net income of ¥275.0b (corporate guidance).
6227
JP¥20,520.00
AIMECHATEC
7D
85.0%
1Y
461.4%
7794
JP¥1,273.00
EDP
7D
-28.2%
1Y
92.3%
6871
JP¥11,900.00
Micronics Japan
7D
12.1%
1Y
133.8%
6526
JP¥1,946.50
Socionext
7D
-7.0%
1Y
-5.9%
3436
JP¥1,614.00
Sumco
7D
5.8%
1Y
35.7%

Analysts Are Updating Their Sumco Corporation (TSE:3436) Estimates After Its Yearly Results

Feb 12
Analysts Are Updating Their Sumco Corporation (TSE:3436) Estimates After Its Yearly Results
6963
JP¥2,650.00
ROHM
7D
6.0%
1Y
61.9%

SiC Expansion And Margin Targets Will Likely Strain Capacity And Depress Returns

Catalysts About ROHM ROHM is a semiconductor manufacturer focused on power and analog technologies across automotive, industrial, consumer and AI server applications. What are the underlying business or industry changes driving this perspective?
6590
JP¥27,930.00
Shibaura Mechatronics
7D
9.5%
1Y
204.9%

Shibaura Mechatronics' (TSE:6590) Shareholders Will Receive A Bigger Dividend Than Last Year

Feb 11
Shibaura Mechatronics' (TSE:6590) Shareholders Will Receive A Bigger Dividend Than Last Year
6707
JP¥7,765.00
Sanken Electric
7D
-5.2%
1Y
20.5%
8035
JP¥43,960.00
Tokyo Electron
7D
4.7%
1Y
72.7%

Revenue Miss: Tokyo Electron Limited Fell 10.0% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models

Feb 09
Revenue Miss: Tokyo Electron Limited Fell 10.0% Short Of Analyst Revenue Estimates And Analysts Have Been Revising Their Models
7735
JP¥21,980.00
SCREEN Holdings
7D
5.5%
1Y
87.2%

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

Analysts have maintained their ¥12,000 price target for SCREEN Holdings, citing updated assumptions of higher revenue growth, a slightly stronger profit margin, a lower future P/E multiple, and a modestly reduced discount rate. What's in the News The Board of Directors approved a stock split, along with related changes to the Articles of Incorporation, scheduled to take effect on April 1, 2026 (Key Developments).
6920
JP¥30,640.00
Lasertec
7D
-0.7%
1Y
103.1%