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Japanese (NIKKEI) Semiconductors Industry Analysis

UpdatedMar 06, 2026
DataAggregated Company Financials
Companies57
  • 7D-7.8%
  • 3M36.9%
  • 1Y134.3%
  • YTD25.4%

Over the last 7 days, the Semiconductors industry has dropped 12%, driven by declines in Advantest and Tokyo Electron of 9.2% and 7.9%, respectively. In contrast, QD Laser has gained 25%. Over the past 12 months, the industry was up 125%. Looking forward, 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
Fri, 06 Mar 2026JP¥74.8tJP¥11.4tJP¥1.4t22.7x53.6x6.6x
Sun, 01 Feb 2026JP¥74.1tJP¥11.3tJP¥1.4t26.4x52x6.6x
Tue, 30 Dec 2025JP¥55.9tJP¥11.2tJP¥1.4t21.6x39.6x5x
Thu, 27 Nov 2025JP¥50.9tJP¥11.2tJP¥1.4t19.9x36.1x4.5x
Sat, 25 Oct 2025JP¥50.4tJP¥11.1tJP¥1.4t18.7x35.4x4.6x
Mon, 22 Sep 2025JP¥42.7tJP¥11.0tJP¥1.4t16.8x30.2x3.9x
Wed, 20 Aug 2025JP¥35.2tJP¥11.0tJP¥1.4t16.1x24.9x3.2x
Fri, 18 Jul 2025JP¥39.2tJP¥11.0tJP¥1.7t16.2x23.2x3.6x
Sun, 15 Jun 2025JP¥32.3tJP¥11.0tJP¥1.7t13x19x2.9x
Tue, 13 May 2025JP¥31.6tJP¥11.2tJP¥1.8t13.8x18x2.8x
Thu, 10 Apr 2025JP¥23.9tJP¥11.0tJP¥1.8t10.4x13.5x2.2x
Sat, 08 Mar 2025JP¥32.3tJP¥11.0tJP¥1.8t12.9x18.2x2.9x
Mon, 03 Feb 2025JP¥35.9tJP¥10.7tJP¥1.6t14.1x22.2x3.4x
Wed, 01 Jan 2025JP¥34.8tJP¥10.3tJP¥1.4t13.6x25.6x3.4x
Fri, 29 Nov 2024JP¥32.9tJP¥9.1tJP¥1.4t13.6x23x3.6x
Sun, 27 Oct 2024JP¥33.1tJP¥8.9tJP¥1.3t14.6x24.7x3.7x
Tue, 24 Sep 2024JP¥33.1tJP¥8.9tJP¥1.3t16x24.8x3.7x
Thu, 22 Aug 2024JP¥37.7tJP¥8.9tJP¥1.3t16.9x28.2x4.2x
Sat, 20 Jul 2024JP¥42.6tJP¥8.6tJP¥1.3t18.6x33.4x4.9x
Mon, 17 Jun 2024JP¥46.3tJP¥8.6tJP¥1.3t22.3x36.4x5.4x
Wed, 15 May 2024JP¥43.8tJP¥8.6tJP¥1.3t21x34.5x5.1x
Fri, 12 Apr 2024JP¥47.4tJP¥8.6tJP¥1.3t19.4x35.8x5.5x
Sun, 10 Mar 2024JP¥47.0tJP¥8.6tJP¥1.3t22.4x35.6x5.5x
Tue, 06 Feb 2024JP¥39.0tJP¥8.7tJP¥1.4t17.9x28.8x4.5x
Thu, 04 Jan 2024JP¥35.2tJP¥8.7tJP¥1.4t16.6x25.7x4.1x
Sat, 02 Dec 2023JP¥33.6tJP¥8.5tJP¥1.4t17.5x24.6x4x
Mon, 30 Oct 2023JP¥27.9tJP¥8.8tJP¥1.5t14.4x18.3x3.2x
Wed, 27 Sep 2023JP¥27.9tJP¥8.6tJP¥1.5t13.5x18.6x3.3x
Fri, 25 Aug 2023JP¥30.2tJP¥8.5tJP¥1.5t14.8x20.1x3.5x
Sun, 23 Jul 2023JP¥28.9tJP¥8.6tJP¥1.5t12.6x18.6x3.3x
Tue, 20 Jun 2023JP¥29.5tJP¥8.6tJP¥1.6t13.8x19x3.4x
Thu, 18 May 2023JP¥24.1tJP¥8.6tJP¥1.6t12.2x15.5x2.8x
Sat, 15 Apr 2023JP¥22.1tJP¥8.4tJP¥1.5t11x14.9x2.6x
Mon, 13 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 26.6x202420252026
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 51.8x which is higher than its 3-year average PE of 26.5x.
  • 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 2.1% 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-4.43%
Tech-5.76%
Semiconductors-7.83%
Semiconductors-5.79%
Semiconductor Equipment-8.46%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 29.0x.
    • Analysts are expecting annual earnings growth of 41.1%, 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 29.2x.
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
6613 QD LaserJP¥934.0025.0%
+JP¥7.8b		191.0%PS28.6x
6235 OptorunLtdJP¥3.03k4.7%
+JP¥5.4b		86.5%PE40.7x
6920 LasertecJP¥33.55k0.2%
+JP¥5.4b		146.0%PE34.5x
6227 AIMECHATECJP¥20.17k3.4%
+JP¥4.2b		487.2%PE42.6x
3445 RS TechnologiesJP¥4.20k2.3%
+JP¥2.5b		34.7%PE12x

Latest News

6723
JP¥2,623.50
Renesas Electronics
7D
-9.7%
1Y
6.7%
285A
JP¥20,300.00
Kioxia Holdings
7D
-4.4%
1Y
750.1%
7735
JP¥20,385.00
SCREEN Holdings
7D
-14.0%
1Y
86.8%
3445
JP¥4,195.00
RS Technologies
7D
2.3%
1Y
34.7%
6525
JP¥5,875.00
Kokusai Electric
7D
-11.2%
1Y
109.3%

6525: Higher Earnings Assumptions Will Likely Leave Shares Priced For Disappointment

Analysts have raised their price target on Kokusai Electric from ¥2,808 to ¥3,900, citing updated assumptions for higher revenue, stronger profit margins and a higher future P/E multiple. What's in the News Goldman Sachs Securities Co., Ltd.
6227
JP¥20,170.00
AIMECHATEC
7D
3.4%
1Y
487.2%
6857
JP¥25,535.00
Advantest
7D
-9.2%
1Y
232.1%

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).
8035
JP¥41,720.00
Tokyo Electron
7D
-7.9%
1Y
91.6%

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.
6146
JP¥71,660.00
Disco
7D
-9.4%
1Y
116.6%
6235
JP¥3,025.00
OptorunLtd
7D
4.7%
1Y
86.5%
7729
JP¥16,340.00
Tokyo Seimitsu
7D
-10.4%
1Y
102.2%
3856
JP¥570.00
Abalance
7D
9.8%
1Y
-4.8%
6613
JP¥934.00
QD Laser
7D
25.0%
1Y
191.0%
6890
JP¥6,280.00
Ferrotec
7D
0.5%
1Y
169.5%
6941
JP¥8,840.00
Yamaichi ElectronicsLtd
7D
1.4%
1Y
312.1%

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
6920
JP¥33,550.00
Lasertec
7D
0.2%
1Y
146.0%