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Japanese (NIKKEI) Semiconductors Industry Analysis

UpdatedDec 13, 2025
DataAggregated Company Financials
Companies57
  • 7D0.4%
  • 3M40.6%
  • 1Y51.0%
  • YTD59.2%

In the last week, the Semiconductors industry is flat overall, with Tokyo Electron standing out by going down 4.9%. As for the the longer term, the industry is up 51% over the past 12 months. Earnings are forecast to grow by 18% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
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
Fri, 24 Feb 2023JP¥20.7tJP¥8.3tJP¥1.5t11x13.9x2.5x
Sun, 22 Jan 2023JP¥20.1tJP¥8.2tJP¥1.5t9.5x13.3x2.5x
Tue, 20 Dec 2022JP¥19.7tJP¥8.2tJP¥1.5t9.7x13.1x2.4x
Price to Earnings Ratio

13.1x


Total Market Cap: JP¥19.7tTotal Earnings: JP¥1.5tTotal Revenue: JP¥8.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Semiconductors Industry Price to Earnings3Y Average 24x202320242025
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 38.9x which is higher than its 3-year average PE of 24.0x.
  • The 3-year average PS ratio of 3.7x is lower than the industry's current PS ratio of 4.9x.
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 Market1.69%
Tech1.02%
Semiconductors0.43%
Semiconductors3.90%
Semiconductor Equipment-0.44%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 20.1x.
    • Analysts are expecting annual earnings growth of 42.5%, which is higher than its past year's earnings decline of 18.2% 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 27.3x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 42% over the next 5 years.
  • This is better than its past earnings decline of 18% per year.
  • In contrast, the Semiconductor Equipment industry is expected to see its earnings grow by 11% 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¥20.79k2.9%
+JP¥425.5b		121.6%PE57.8x
6146 DiscoJP¥48.81k5.9%
+JP¥293.8b		20.5%PE41.9x
285A Kioxia HoldingsJP¥9.89k4.9%
+JP¥248.7b		n/aPE34.4x
6723 Renesas ElectronicsJP¥2.19k5.9%
+JP¥222.0b		8.9%PS3.1x
6525 Kokusai ElectricJP¥4.82k4.9%
+JP¥52.8b		125.9%PE33.6x

Latest News

6857
JP¥20,785.00
Advantest
7D
2.9%
1Y
121.6%
6920
JP¥31,080.00
Lasertec
7D
-4.7%
1Y
102.6%
8035
JP¥31,500.00
Tokyo Electron
7D
-4.9%
1Y
32.0%

8035: Rising Guidance And Dividends Will Likely Fail To Justify Current Price

Analysts have raised their price target on Tokyo Electron from ¥21,700 to ¥25,700, citing higher expected revenue growth and a richer future earnings multiple, despite a slightly higher discount rate and stable profit margins. What's in the News The company raised full year fiscal 2026 consolidated guidance and now expects net sales of JPY 2,380,000 million, operating income of JPY 586,000 million, and net income attributable to owners of parent of JPY 488,000 million, up from prior forecasts (company guidance).
6723
JP¥2,193.00
Renesas Electronics
7D
5.9%
1Y
8.9%
6525
JP¥4,818.00
Kokusai Electric
7D
4.9%
1Y
125.9%
7729
JP¥10,910.00
Tokyo Seimitsu
7D
2.0%
1Y
52.4%

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Dec 09
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6146
JP¥48,810.00
Disco
7D
5.9%
1Y
20.5%
6315
JP¥2,050.00
TOWA
7D
-7.3%
1Y
40.4%

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Dec 08
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6963
JP¥2,139.00
ROHM
7D
-2.5%
1Y
51.1%

6963: New Guidance And Manufacturing Reorganization Will Support Balanced Profit Outlook

Analysts have slightly trimmed their price target on ROHM from approximately $2,222.73 to $2,204.55, reflecting a modest recalibration of valuation multiples, despite marginally higher revenue growth expectations and a lower discount rate. What's in the News Raising full year FY2026 guidance, ROHM now expects net sales of JPY 460 billion and profit attributable to owners of parent of JPY 9 billion, citing stronger first half demand in PCs, servers, and energy saving applications despite macro and cost headwinds (Corporate guidance) The Board approves an interim dividend for shareholders of record on September 30, 2025 and will review the year end dividend forecast, underscoring its policy of stable returns (Board meeting) The Board authorizes a reorganization of the Shiga Plant and four domestic manufacturing related entities into two dedicated wafer and assembly manufacturing companies to improve group manufacturing efficiency and productivity (Board meeting) ROHM launches volume production of multiple next generation power devices and modules, including SiC MOSFETs in TOLL packages, 2 in 1 SiC DOT 247 molded modules, and new high side smart switches aimed at automotive and industrial power density and efficiency gains (Product announcements) New sensing and protection components such as the RPR 0730 high speed optical sensor, the RBE01VYM6AFH Schottky barrier diode for high resolution image sensors, and the ultra low power TLR1901GXZ op amp target growth in ADAS, factory automation, and low power IoT applications (Product announcements) Valuation Changes Fair Value: Trimmed slightly from approximately ¥2,222.73 to ¥2,204.55, reflecting a modest downward revision in the intrinsic value estimate.
6323
JP¥2,147.50
Rorze
7D
-2.4%
1Y
41.7%

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Dec 04
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6871
JP¥6,400.00
Micronics Japan
7D
-3.6%
1Y
68.9%

Micronics Japan's (TSE:6871) Dividend Will Be Increased To ¥72.00

Dec 04
Micronics Japan's (TSE:6871) Dividend Will Be Increased To ¥72.00
6966
JP¥782.00
Mitsui High-tec
7D
-6.9%
1Y
-6.0%

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Dec 01
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7735
JP¥13,195.00
SCREEN Holdings
7D
-3.1%
1Y
41.9%

7735: Fiscal 2026 Profit Outlook And Dividend Hike Will Boost Share Price

Analysts have raised their price target for SCREEN Holdings from ¥14,873 to ¥15,040. This change reflects updates to company forecasts and valuation inputs, even though growth and margin expectations are now slightly lower.
6590
JP¥18,170.00
Shibaura Mechatronics
7D
3.2%
1Y
130.6%
285A
JP¥9,890.00
Kioxia Holdings
7D
4.9%
1Y
n/a
6235
JP¥1,944.00
OptorunLtd
7D
6.5%
1Y
3.1%