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Japanese (NIKKEI) Semiconductors Industry Analysis

UpdatedMar 22, 2026
DataAggregated Company Financials
Companies57
  • 7D1.8%
  • 3M40.4%
  • 1Y123.2%
  • YTD22.5%

Over the last 7 days, the Semiconductors industry has risen 1.8%, driven by gains from Kioxia Holdings of 6.1%. During this same period, the Lasertec underperformed, falling 6.6%. In the last 12 months, the industry was up 123%. Earnings are forecast to grow by 26% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Mar 2026JP¥73.0tJP¥11.4tJP¥1.4t22.5x52.6x6.4x
Tue, 17 Feb 2026JP¥77.3tJP¥11.4tJP¥1.4t24.6x55.3x6.8x
Thu, 15 Jan 2026JP¥66.6tJP¥11.2tJP¥1.4t22.9x47.1x5.9x
Sat, 13 Dec 2025JP¥54.8tJP¥11.2tJP¥1.4t20.9x38.9x4.9x
Mon, 10 Nov 2025JP¥55.4tJP¥11.2tJP¥1.5t19.9x36.3x4.9x
Wed, 08 Oct 2025JP¥49.1tJP¥11.0tJP¥1.4t17.6x34.7x4.5x
Fri, 05 Sep 2025JP¥33.6tJP¥11.0tJP¥1.4t14.7x23.7x3.1x
Sun, 03 Aug 2025JP¥34.9tJP¥11.1tJP¥1.5t15.3x23.6x3.1x
Tue, 01 Jul 2025JP¥37.9tJP¥11.0tJP¥1.7t15.4x22.4x3.4x
Thu, 29 May 2025JP¥31.7tJP¥11.2tJP¥1.7t14.2x18.5x2.8x
Sat, 26 Apr 2025JP¥28.5tJP¥11.0tJP¥1.7t11.9x16.6x2.6x
Mon, 24 Mar 2025JP¥33.5tJP¥11.0tJP¥1.8t12.9x18.9x3x
Wed, 19 Feb 2025JP¥37.3tJP¥11.0tJP¥1.8t13.4x21.1x3.4x
Fri, 17 Jan 2025JP¥35.4tJP¥10.5tJP¥1.5t13.4x22.9x3.4x
Sun, 15 Dec 2024JP¥33.5tJP¥9.1tJP¥1.4t13.5x23.5x3.7x
Tue, 12 Nov 2024JP¥35.3tJP¥9.0tJP¥1.3t15.1x26.4x3.9x
Thu, 10 Oct 2024JP¥35.3tJP¥8.9tJP¥1.3t15.7x26.5x4x
Sat, 07 Sep 2024JP¥31.4tJP¥8.9tJP¥1.3t15.7x23.5x3.5x
Mon, 05 Aug 2024JP¥35.8tJP¥8.7tJP¥1.3t14.9x28x4.1x
Wed, 03 Jul 2024JP¥45.9tJP¥8.6tJP¥1.3t22x36.1x5.3x
Fri, 31 May 2024JP¥45.1tJP¥8.6tJP¥1.3t21.2x35.5x5.2x
Sun, 28 Apr 2024JP¥42.1tJP¥8.6tJP¥1.3t21.5x32.5x4.9x
Tue, 26 Mar 2024JP¥47.3tJP¥8.6tJP¥1.3t20.5x35.7x5.5x
Thu, 22 Feb 2024JP¥43.2tJP¥8.6tJP¥1.3t19.9x32.7x5x
Sat, 20 Jan 2024JP¥38.6tJP¥8.7tJP¥1.4t17.3x28.2x4.5x
Mon, 18 Dec 2023JP¥34.0tJP¥8.7tJP¥1.4t16.4x24.8x3.9x
Wed, 15 Nov 2023JP¥31.4tJP¥8.5tJP¥1.4t15.9x22.9x3.7x
Fri, 13 Oct 2023JP¥30.1tJP¥8.6tJP¥1.5t14.7x20x3.5x
Sun, 10 Sep 2023JP¥29.4tJP¥8.5tJP¥1.5t14.8x19.6x3.4x
Tue, 08 Aug 2023JP¥29.7tJP¥8.4tJP¥1.5t13.1x19.7x3.6x
Thu, 06 Jul 2023JP¥31.2tJP¥8.6tJP¥1.6t14x20.1x3.6x
Sat, 03 Jun 2023JP¥27.6tJP¥8.6tJP¥1.6t13.2x17.8x3.2x
Mon, 01 May 2023JP¥21.5tJP¥8.6tJP¥1.5t10.4x13.9x2.5x
Wed, 29 Mar 2023JP¥22.4tJP¥8.3tJP¥1.5t10.6x15.1x2.7x
Price to Earnings Ratio

15.1x


Total Market Cap: JP¥22.4tTotal Earnings: JP¥1.5tTotal Revenue: JP¥8.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Semiconductors Industry Price to Earnings3Y Average 27.1x202420252026
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 52.6x which is higher than its 3-year average PE of 27.1x.
  • The 3-year average PS ratio of 4.0x is lower than the industry's current PS ratio of 6.4x.
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-0.63%
Tech-0.12%
Semiconductors1.85%
Semiconductors4.02%
Semiconductor Equipment1.10%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 31.1x.
    • Analysts are expecting annual earnings growth of 50.7%, 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 29.6x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 51% 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¥22.36k6.1%
+JP¥705.9b		652.9%PE73x
8035 Tokyo ElectronJP¥39.33k2.6%
+JP¥452.1b		75.9%PE35.7x
6857 AdvantestJP¥23.98k1.4%
+JP¥241.6b		196.1%PE60.8x
7735 SCREEN HoldingsJP¥19.90k7.1%
+JP¥124.8b		83.3%PE22.2x
6723 Renesas ElectronicsJP¥2.51k1.8%
+JP¥79.8b		9.0%PS3.4x

Latest News

3436
JP¥1,682.50
Sumco
7D
7.4%
1Y
45.4%

3436: Dividend Hike And Near Term Loss Outlook Will Shape Fair Value View

Analysts have raised their price target for Sumco from ¥1,703 to ¥1,722, reflecting updated assumptions for slightly stronger revenue growth, a firmer profit margin, and a modestly lower future P/E multiple. What's in the News Board meeting on February 19, 2026 to consider selling a portion of shares in FORMOSA SUMCO TECHNOLOGY CORPORATION on the securities market, which would reclassify it from a consolidated subsidiary to an equity method affiliate, along with decisions on the fiscal 2025 year end dividend and other business items (Key Developments) Board meeting on February 10, 2026 to review and approve changes in personnel affairs and other matters (Key Developments) Announcement of a year end dividend of ¥10.00 per share for the fiscal year ended December 31, 2025, compared with ¥6.00 per share paid the prior year, payable on March 9, 2026 with a record date of December 31, 2025 (Key Developments) Guidance for the first quarter ending March 31, 2026, with expected consolidated net sales of ¥100,000 million, operating loss of ¥6,000 million, loss attributable to owners of parent of ¥10,000 million, and basic loss per share of ¥28.59 (Key Developments) Board meeting on January 5, 2026 to consider and approve changes in personnel affairs (Key Developments) Valuation Changes Fair Value: Adjusted slightly higher from ¥1,703.13 to ¥1,721.88 per share.
6723
JP¥2,505.50
Renesas Electronics
7D
1.8%
1Y
9.0%

6723: Auto MCUs And ADAS SoCs Will Support Higher Margin Future

Analysts now set their Renesas Electronics price target at roughly ¥3,000 per share, up from about ¥2,400. They point to updated assumptions that include a higher profit margin outlook and a slightly lower discount rate, while keeping revenue growth and future P/E expectations broadly similar.
6525
JP¥5,404.00
Kokusai Electric
7D
1.4%
1Y
86.3%

6525: Updated WFE Outlook And Quarterly Results Will Support Revaluation Potential

Analysts have lifted their Kokusai Electric price target to ¥6,200, up from the prior fair value estimate of about ¥5,363, citing updated views on wafer fab equipment demand, slightly higher discount assumptions, and adjustments to expected revenue growth, profit margins, and future P/E levels following recent quarterly results. Analyst Commentary Analysts are digesting the latest 3Q3/26 results and an updated wafer fab equipment (WFE) outlook, and have reset expectations around Kokusai Electric with a price target of ¥6,200 that aligns with a Neutral stance.
6227
JP¥20,120.00
AIMECHATEC
7D
-9.8%
1Y
519.1%
6963
JP¥3,213.00
ROHM
7D
-2.6%
1Y
104.6%
6055
JP¥1,723.00
JAPAN MATERIAL
7D
-4.4%
1Y
26.3%
6857
JP¥23,980.00
Advantest
7D
1.4%
1Y
196.1%
285A
JP¥22,360.00
Kioxia Holdings
7D
6.1%
1Y
652.9%
6966
JP¥591.00
Mitsui High-tec
7D
-7.8%
1Y
-20.7%
6920
JP¥35,090.00
Lasertec
7D
-6.6%
1Y
150.9%
4369
JP¥2,642.00
Tri Chemical Laboratories
7D
-13.7%
1Y
-13.9%
8035
JP¥39,330.00
Tokyo Electron
7D
2.6%
1Y
75.9%

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.
7735
JP¥19,895.00
SCREEN Holdings
7D
7.1%
1Y
83.3%

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).
6323
JP¥2,776.50
Rorze
7D
-2.9%
1Y
68.1%
3445
JP¥3,915.00
RS Technologies
7D
-6.0%
1Y
25.7%
6613
JP¥1,546.00
QD Laser
7D
35.6%
1Y
374.2%