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Japanese (NIKKEI) Semiconductors Industry Analysis

UpdatedFeb 10, 2026
DataAggregated Company Financials
Companies57
  • 7D8.6%
  • 3M33.7%
  • 1Y111.6%
  • YTD26.7%

In the last week, the Semiconductors industry is up 8.6%, with Advantest up 13%. Meanwhile, Kioxia Holdings actually underperformed within the industry, shrinking 9.1% in the last week. In the last 12 months, the industry was up 112%. Looking forward, earnings are forecast to grow by 21% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 10 Feb 2026JP¥75.6tJP¥11.3tJP¥1.4t24.5x53.9x6.7x
Thu, 08 Jan 2026JP¥61.4tJP¥11.2tJP¥1.4t22.7x43.5x5.5x
Sat, 06 Dec 2025JP¥54.6tJP¥11.2tJP¥1.4t20.7x38.7x4.9x
Mon, 03 Nov 2025JP¥58.8tJP¥11.2tJP¥1.5t19.9x38.8x5.2x
Wed, 01 Oct 2025JP¥42.8tJP¥11.0tJP¥1.4t16x30.2x3.9x
Fri, 29 Aug 2025JP¥35.0tJP¥11.0tJP¥1.4t15.9x24.7x3.2x
Sun, 27 Jul 2025JP¥38.8tJP¥11.0tJP¥1.4t16.5x27.1x3.5x
Tue, 24 Jun 2025JP¥34.2tJP¥11.0tJP¥1.7t13.9x20.2x3.1x
Thu, 22 May 2025JP¥31.4tJP¥11.2tJP¥1.7t13.8x18.2x2.8x
Sat, 19 Apr 2025JP¥26.4tJP¥11.0tJP¥1.8t11.3x14.8x2.4x
Mon, 17 Mar 2025JP¥33.4tJP¥11.0tJP¥1.8t12.5x18.8x3x
Wed, 12 Feb 2025JP¥36.4tJP¥10.8tJP¥1.6t13.3x22.4x3.4x
Fri, 10 Jan 2025JP¥37.7tJP¥10.5tJP¥1.5t13.8x24.4x3.6x
Sun, 08 Dec 2024JP¥33.3tJP¥9.1tJP¥1.4t13.4x23.3x3.7x
Tue, 05 Nov 2024JP¥33.8tJP¥9.0tJP¥1.4t15x24.9x3.8x
Thu, 03 Oct 2024JP¥35.0tJP¥8.9tJP¥1.3t16.2x26.2x3.9x
Sat, 31 Aug 2024JP¥36.6tJP¥8.9tJP¥1.3t16.9x27.4x4.1x
Mon, 29 Jul 2024JP¥37.2tJP¥8.7tJP¥1.3t16.5x29.4x4.3x
Wed, 26 Jun 2024JP¥45.0tJP¥8.6tJP¥1.3t22x35.4x5.2x
Fri, 24 May 2024JP¥47.2tJP¥8.6tJP¥1.3t21.8x37.2x5.5x
Sun, 21 Apr 2024JP¥42.0tJP¥8.6tJP¥1.3t19.3x31.6x4.9x
Tue, 19 Mar 2024JP¥45.5tJP¥8.6tJP¥1.3t20.6x34.4x5.3x
Thu, 15 Feb 2024JP¥43.5tJP¥8.6tJP¥1.3t20.7x32.5x5.1x
Sat, 13 Jan 2024JP¥35.7tJP¥8.7tJP¥1.4t16.3x26.1x4.1x
Mon, 11 Dec 2023JP¥31.8tJP¥8.7tJP¥1.4t16.5x23.2x3.7x
Wed, 08 Nov 2023JP¥29.8tJP¥8.8tJP¥1.5t15.2x19.8x3.4x
Fri, 06 Oct 2023JP¥28.5tJP¥8.6tJP¥1.5t14.2x19x3.3x
Sun, 03 Sep 2023JP¥30.0tJP¥8.5tJP¥1.5t14.4x20x3.5x
Tue, 01 Aug 2023JP¥30.7tJP¥8.6tJP¥1.5t13.4x20x3.6x
Thu, 29 Jun 2023JP¥28.5tJP¥8.6tJP¥1.6t13.5x18.3x3.3x
Sat, 27 May 2023JP¥27.4tJP¥8.6tJP¥1.6t12.7x17.6x3.2x
Mon, 24 Apr 2023JP¥22.4tJP¥8.4tJP¥1.5t10.6x15.1x2.7x
Wed, 22 Mar 2023JP¥22.0tJP¥8.3tJP¥1.5t10.5x14.9x2.6x
Fri, 17 Feb 2023JP¥21.6tJP¥8.3tJP¥1.5t11x14.5x2.6x
Price to Earnings Ratio

14.5x


Total Market Cap: JP¥21.6tTotal Earnings: JP¥1.5tTotal Revenue: JP¥8.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Semiconductors Industry Price to Earnings3Y Average 25.7x202420252026
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 53.9x which is higher than its 3-year average PE of 25.7x.
  • The 3-year average PS ratio of 3.9x is lower than the industry's current PS ratio of 6.7x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have remained mostly flat 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 and as a result, profits have held steady.

Industry Trends

Which industries have driven the changes within the Japanese Tech industry?

JP Market6.50%
Tech3.47%
Semiconductors8.60%
Semiconductors9.40%
Semiconductor Equipment8.35%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 26.2x.
    • Analysts are expecting annual earnings growth of 35.9%, which is higher than its past year's earnings growth of 2.2% 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 28.5x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 36% over the next 5 years.
  • This is better than its past earnings growth rate of 2.2% 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
6857 AdvantestJP¥27.57k5.9%
+JP¥1.3t		218.9%PE69.9x
6146 DiscoJP¥75.57k12.9%
+JP¥937.9b		62.8%PE62.4x
6723 Renesas ElectronicsJP¥2.99k15.4%
+JP¥724.5b		22.7%PS4.1x
7729 Tokyo SeimitsuJP¥16.83k18.8%
+JP¥108.1b		87.9%PE31.5x
6871 Micronics JapanJP¥10.30k16.0%
+JP¥55.0b		162.4%PE39.3x

Latest News

6941
JP¥8,740.00
Yamaichi ElectronicsLtd
7D
36.8%
1Y
288.4%

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
8035
JP¥41,390.00
Tokyo Electron
7D
-0.4%
1Y
61.5%

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
6871
JP¥10,300.00
Micronics Japan
7D
16.0%
1Y
162.4%
6315
JP¥2,856.00
TOWA
7D
-4.0%
1Y
61.2%
7729
JP¥16,830.00
Tokyo Seimitsu
7D
18.8%
1Y
87.9%
6963
JP¥2,575.00
ROHM
7D
-5.1%
1Y
65.3%

6963: Product Pipeline And Cost Pressures Will Shape Balanced Fair Value Outlook

Analysts have raised their fair value estimate for ROHM from ¥2,240.91 to ¥2,395.45, citing slightly revised assumptions for the discount rate, revenue growth, profit margin and future P/E to support the higher price target. What's in the News ROHM introduced the BD9xxN5 Series of 500mA LDO regulator ICs using its Nano Cap control technology, aimed at 12V and 24V automotive, industrial and communication infrastructure power supplies, with a focus on stable operation using small capacitors and reduced output voltage ripple (Key Developments).
6723
JP¥2,990.00
Renesas Electronics
7D
15.4%
1Y
22.7%
6323
JP¥3,557.00
Rorze
7D
5.8%
1Y
119.6%
6920
JP¥30,940.00
Lasertec
7D
-3.6%
1Y
102.9%
3436
JP¥1,754.50
Sumco
7D
7.2%
1Y
41.8%

3436: Dividend Commitment And Loss Guidance Will Shape Balanced Forward Outlook

Analysts have kept their fair value estimate for Sumco broadly steady at ¥1,520, with only small adjustments to the discount rate, margin and future P/E assumptions. This reflects fine tuning of their models rather than a major shift in view.
6832
JP¥2,528.00
AOI Electronics
7D
-6.2%
1Y
25.8%
6525
JP¥6,264.00
Kokusai Electric
7D
-3.5%
1Y
137.5%

6525: Fair Outlook Will Weigh Revised Earnings Guidance Against Mixed Street Expectations

Analysts have increased their fair value estimate for Kokusai Electric from ¥4,500 to ¥7,000, citing updated assumptions for revenue growth, profit margins and future P/E, even though some recent Street research points to more cautious expectations for earnings versus consensus. Analyst Commentary Recent Street commentary has been mixed, with some research highlighting limits to upside in near term earnings versus consensus, even as the new fair value estimate of ¥7,000 reflects more constructive assumptions on revenue, margins and future P/E.
6857
JP¥27,565.00
Advantest
7D
5.9%
1Y
218.9%

6857: AI And HPC Hype Will Likely Outrun Earnings Reality

Analysts have lifted their price target on Advantest by roughly 20%, citing updated assumptions that reflect higher modeled revenue growth, an improved profit margin outlook, and a lower future P/E multiple. What's in the News Advantest plans a board meeting on January 28, 2026 to consider cancelling treasury shares, following recent share repurchases under its buyback program (company filing).
285A
JP¥18,775.00
Kioxia Holdings
7D
-9.7%
1Y
951.8%
6146
JP¥75,570.00
Disco
7D
12.9%
1Y
62.8%
6228
JP¥671.00
J.E.T
7D
-17.3%
1Y
-35.5%

J.E.T. Co., Ltd.'s (TSE:6228) Price Is Right But Growth Is Lacking

Jan 16
J.E.T. Co., Ltd.'s (TSE:6228) Price Is Right But Growth Is Lacking