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Japanese (NIKKEI) Semiconductors Industry Analysis

UpdatedMar 02, 2026
DataAggregated Company Financials
Companies57
  • 7D3.1%
  • 3M53.1%
  • 1Y139.5%
  • YTD32.8%

Over the last 7 days, the Semiconductors industry has risen 3.1%, driven by gains from Kioxia Holdings of 4.7%. This takes the industry's 12 month performance to a gain of 140%. Earnings are forecast to grow by 23% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Mon, 02 Mar 2026JP¥79.3tJP¥11.4tJP¥1.4t25.5x56.8x7x
Wed, 28 Jan 2026JP¥72.8tJP¥11.3tJP¥1.4t25.5x51.3x6.5x
Fri, 26 Dec 2025JP¥55.7tJP¥11.2tJP¥1.4t21.6x39.5x5x
Sun, 23 Nov 2025JP¥50.2tJP¥11.2tJP¥1.4t19.9x35.7x4.5x
Tue, 21 Oct 2025JP¥48.7tJP¥11.1tJP¥1.4t18.6x34.2x4.4x
Thu, 18 Sep 2025JP¥40.3tJP¥11.0tJP¥1.4t15.8x28.5x3.7x
Sat, 16 Aug 2025JP¥35.4tJP¥11.0tJP¥1.4t16.5x25x3.2x
Mon, 14 Jul 2025JP¥38.4tJP¥11.0tJP¥1.7t16x22.7x3.5x
Wed, 11 Jun 2025JP¥32.3tJP¥11.0tJP¥1.7t13.2x19x2.9x
Fri, 09 May 2025JP¥29.8tJP¥11.2tJP¥1.8t12.4x17x2.7x
Sun, 06 Apr 2025JP¥26.5tJP¥11.0tJP¥1.8t10.8x15x2.4x
Tue, 04 Mar 2025JP¥34.0tJP¥11.0tJP¥1.8t13.5x19.2x3.1x
Thu, 30 Jan 2025JP¥35.3tJP¥10.5tJP¥1.6t14.2x22.7x3.3x
Sat, 28 Dec 2024JP¥35.3tJP¥10.3tJP¥1.4t13.6x26x3.4x
Mon, 25 Nov 2024JP¥33.3tJP¥9.1tJP¥1.4t13.7x23.3x3.7x
Wed, 23 Oct 2024JP¥33.5tJP¥8.9tJP¥1.3t15.4x24.9x3.7x
Fri, 20 Sep 2024JP¥31.3tJP¥8.9tJP¥1.3t15.1x23.4x3.5x
Sun, 18 Aug 2024JP¥38.9tJP¥8.9tJP¥1.3t16.5x29.1x4.4x
Tue, 16 Jul 2024JP¥47.2tJP¥8.6tJP¥1.3t21.6x37x5.5x
Thu, 13 Jun 2024JP¥45.6tJP¥8.6tJP¥1.3t22.4x36x5.3x
Sat, 11 May 2024JP¥43.8tJP¥8.6tJP¥1.3t21.3x33.5x5.1x
Mon, 08 Apr 2024JP¥46.2tJP¥8.6tJP¥1.3t19.6x34.9x5.4x
Wed, 06 Mar 2024JP¥48.6tJP¥8.6tJP¥1.3t23x36.7x5.7x
Fri, 02 Feb 2024JP¥38.2tJP¥8.7tJP¥1.4t17x28.1x4.4x
Sun, 31 Dec 2023JP¥35.2tJP¥8.7tJP¥1.4t16.6x25.7x4.1x
Tue, 28 Nov 2023JP¥33.2tJP¥8.5tJP¥1.4t18.2x24.3x3.9x
Thu, 26 Oct 2023JP¥29.0tJP¥8.8tJP¥1.5t14.2x18.9x3.3x
Sat, 23 Sep 2023JP¥27.9tJP¥8.5tJP¥1.5t13.4x18.6x3.3x
Mon, 21 Aug 2023JP¥28.8tJP¥8.3tJP¥1.5t13.5x19.5x3.5x
Wed, 19 Jul 2023JP¥30.4tJP¥8.6tJP¥1.6t13.1x19.6x3.5x
Fri, 16 Jun 2023JP¥30.0tJP¥8.6tJP¥1.6t13.8x19.3x3.5x
Sun, 14 May 2023JP¥23.0tJP¥8.6tJP¥1.6t10.9x14.7x2.7x
Tue, 11 Apr 2023JP¥21.7tJP¥8.3tJP¥1.5t10.8x14.6x2.6x
Thu, 09 Mar 2023JP¥22.3tJP¥8.3tJP¥1.5t11.1x15x2.7x
Price to Earnings Ratio

15x


Total Market Cap: JP¥22.3tTotal Earnings: JP¥1.5tTotal Revenue: JP¥8.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Semiconductors Industry Price to Earnings3Y Average 26.4x202420252026
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 56.8x which is higher than its 3-year average PE of 26.4x.
  • The 3-year average PS ratio of 3.9x is lower than the industry's current PS ratio of 7.0x.
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 Market3.27%
Tech4.43%
Semiconductors3.06%
Semiconductors3.23%
Semiconductor Equipment3.01%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 28.7x.
    • Analysts are expecting annual earnings growth of 41.3%, 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 29.1x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 41% 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
285A Kioxia HoldingsJP¥21.54k4.7%
+JP¥543.8b		767.6%PE70.3x
6920 LasertecJP¥34.30k11.9%
+JP¥328.0b		158.4%PE35.3x
6857 AdvantestJP¥25.73k1.0%
+JP¥186.7b		216.6%PE65.3x
6146 DiscoJP¥75.02k1.3%
+JP¥106.5b		95.4%PE62x
6963 ROHMJP¥2.88k8.6%
+JP¥87.8b		90.5%PS2.3x

Latest News

285A
JP¥21,535.00
Kioxia Holdings
7D
4.7%
1Y
767.6%
6590
JP¥5,530.00
Shibaura Mechatronics
7D
-1.0%
1Y
254.5%
8035
JP¥43,260.00
Tokyo Electron
7D
-1.6%
1Y
93.3%

8035: Higher Payouts And Buybacks Will Still Leave Shares Overpriced

Analysts have lifted their price target on Tokyo Electron from about ¥25,869 to roughly ¥27,099, citing updated assumptions for higher revenue growth, a slightly lower discount rate, a small adjustment to profit margin, and a modest change in future P/E expectations. What's in the News Tokyo Electron revised its consolidated earnings guidance for the fiscal year ending March 31, 2026, now expecting net sales of ¥2,410b, operating income of ¥593b, net income attributable to owners of parent of ¥550b, and net income per share of ¥1,200.05.
6963
JP¥2,877.50
ROHM
7D
8.6%
1Y
90.5%

6963: Power Devices And Cost Discipline Will Shape Balanced Fair Value Outlook

Analysts have slightly raised their fair value estimate for ROHM from about ¥2,395 to roughly ¥2,432, reflecting updated assumptions around discount rate, revenue growth, profit margin and future P/E. What's in the News ROHM introduced the BD9xxN5 Series of 500mA LDO regulator ICs using its Nano Cap technology, targeting 12V and 24V primary power supplies in automotive, industrial, and communications equipment, with an emphasis on stable operation using small capacitors and low output voltage ripple (Key Developments).
6146
JP¥75,020.00
Disco
7D
1.3%
1Y
95.4%
3436
JP¥1,780.50
Sumco
7D
10.3%
1Y
59.0%

3436: Dividend Increase And Loss Guidance Will Shape Fairly Balanced Outlook

Analysts have lifted their price target on Sumco from ¥1,520 to about ¥1,574, reflecting updated assumptions that combine a slightly lower revenue growth outlook with a modestly higher profit margin and a marginal adjustment to the expected future P/E multiple. What's in the News Board meeting scheduled for February 19, 2026 to consider reclassifying consolidated subsidiary Formosa Sumco Technology Corporation as an equity method affiliate through a partial share sale on the securities market, to decide the year end dividend for fiscal 2025 and to address other business items (company announcement).
6235
JP¥3,510.00
OptorunLtd
7D
24.5%
1Y
118.3%
6525
JP¥6,333.00
Kokusai Electric
7D
-0.6%
1Y
111.1%
6723
JP¥2,886.50
Renesas Electronics
7D
-0.7%
1Y
16.9%

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).
6323
JP¥3,170.00
Rorze
7D
-8.5%
1Y
96.7%
429A
JP¥3,310.00
Tekscend Photomask
7D
12.4%
1Y
n/a
6855
JP¥7,910.00
Japan Electronic Materials
7D
-5.0%
1Y
268.9%
6857
JP¥25,730.00
Advantest
7D
1.0%
1Y
216.6%

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¥19,000.00
AIMECHATEC
7D
-7.4%
1Y
427.8%
6707
JP¥7,537.00
Sanken Electric
7D
-2.9%
1Y
10.6%
6920
JP¥34,300.00
Lasertec
7D
11.9%
1Y
158.4%