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Japanese (NIKKEI) Semiconductors Industry Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies57
  • 7D9.1%
  • 3M25.0%
  • 1Y63.6%
  • YTD2.1%

Over the last 7 days, the Semiconductors industry has risen 9.1%, driven by gains from Tokyo Electron of 10%. In the last 12 months, the industry was up 64%. Looking forward, earnings are forecast to grow by 19% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 11 Jan 2026JP¥60.8tJP¥11.2tJP¥1.4t22.3x43x5.4x
Tue, 09 Dec 2025JP¥55.2tJP¥11.2tJP¥1.4t20.8x39.2x4.9x
Thu, 06 Nov 2025JP¥55.2tJP¥11.2tJP¥1.5t18.9x36.4x4.9x
Sat, 04 Oct 2025JP¥46.3tJP¥11.0tJP¥1.4t17.1x32.7x4.2x
Mon, 01 Sep 2025JP¥35.0tJP¥11.0tJP¥1.4t15.8x24.8x3.2x
Wed, 30 Jul 2025JP¥36.9tJP¥11.0tJP¥1.4t16.4x25.9x3.4x
Fri, 27 Jun 2025JP¥36.8tJP¥11.0tJP¥1.7t14.9x21.7x3.3x
Sun, 25 May 2025JP¥30.9tJP¥11.2tJP¥1.7t13.8x18x2.8x
Tue, 22 Apr 2025JP¥26.2tJP¥11.0tJP¥1.8t11.4x14.7x2.4x
Thu, 20 Mar 2025JP¥33.8tJP¥11.0tJP¥1.8t12.7x19.1x3.1x
Sat, 15 Feb 2025JP¥36.3tJP¥10.8tJP¥1.6t13.1x22.4x3.4x
Mon, 13 Jan 2025JP¥37.9tJP¥10.5tJP¥1.5t13.6x24.5x3.6x
Wed, 11 Dec 2024JP¥33.6tJP¥9.1tJP¥1.4t13.8x23.5x3.7x
Fri, 08 Nov 2024JP¥35.5tJP¥9.0tJP¥1.4t15.3x26.1x4x
Sun, 06 Oct 2024JP¥34.7tJP¥8.9tJP¥1.3t15.8x26x3.9x
Tue, 03 Sep 2024JP¥36.3tJP¥8.9tJP¥1.3t16.8x27.2x4.1x
Thu, 01 Aug 2024JP¥40.2tJP¥8.7tJP¥1.3t17.2x31.8x4.6x
Sat, 29 Jun 2024JP¥46.0tJP¥8.6tJP¥1.3t22.1x36.2x5.3x
Mon, 27 May 2024JP¥46.2tJP¥8.6tJP¥1.3t21.6x36.4x5.4x
Wed, 24 Apr 2024JP¥40.4tJP¥8.6tJP¥1.3t20x30.4x4.7x
Fri, 22 Mar 2024JP¥47.6tJP¥8.6tJP¥1.3t21.1x36x5.6x
Sun, 18 Feb 2024JP¥44.4tJP¥8.6tJP¥1.3t21x33.6x5.2x
Tue, 16 Jan 2024JP¥36.2tJP¥8.7tJP¥1.4t16.4x26.5x4.2x
Thu, 14 Dec 2023JP¥34.1tJP¥8.7tJP¥1.4t16.8x24.9x3.9x
Sat, 11 Nov 2023JP¥30.5tJP¥8.7tJP¥1.5t15.6x20.6x3.5x
Mon, 09 Oct 2023JP¥27.5tJP¥8.6tJP¥1.5t13.8x18.3x3.2x
Wed, 06 Sep 2023JP¥29.9tJP¥8.5tJP¥1.5t14.8x19.9x3.5x
Fri, 04 Aug 2023JP¥30.2tJP¥8.6tJP¥1.5t13.4x19.7x3.5x
Sun, 02 Jul 2023JP¥30.0tJP¥8.6tJP¥1.6t13.7x19.3x3.5x
Tue, 30 May 2023JP¥27.6tJP¥8.6tJP¥1.6t12.8x17.8x3.2x
Thu, 27 Apr 2023JP¥21.6tJP¥8.4tJP¥1.5t10.2x14.5x2.6x
Sat, 25 Mar 2023JP¥22.8tJP¥8.3tJP¥1.5t10.7x15.3x2.7x
Mon, 20 Feb 2023JP¥21.2tJP¥8.3tJP¥1.5t10.7x14.2x2.5x
Wed, 18 Jan 2023JP¥20.1tJP¥8.2tJP¥1.5t9.5x13.3x2.5x
Price to Earnings Ratio

13.3x


Total Market Cap: JP¥20.1tTotal Earnings: JP¥1.5tTotal Revenue: JP¥8.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Semiconductors Industry Price to Earnings3Y Average 24.7x202420252026
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 43.0x which is higher than its 3-year average PE of 24.7x.
  • The 3-year average PS ratio of 3.8x is lower than the industry's current PS ratio of 5.4x.
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 Market2.98%
Tech3.86%
Semiconductors9.10%
Semiconductors15.24%
Semiconductor Equipment7.50%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 22.6x.
    • Analysts are expecting annual earnings growth of 43.0%, 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 27.8x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 43% 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 13% 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
8035 Tokyo ElectronJP¥37.91k10.5%
+JP¥1.6t		40.3%PE32.1x
285A Kioxia HoldingsJP¥12.69k21.6%
+JP¥1.2t		531.7%PE44.2x
6146 DiscoJP¥55.00k14.2%
+JP¥740.6b		14.6%PE47.2x
6857 AdvantestJP¥20.26k3.2%
+JP¥451.0b		95.1%PE56.3x
6723 Renesas ElectronicsJP¥2.38k11.2%
+JP¥434.9b		17.8%PS3.4x

Latest News

285A
JP¥12,690.00
Kioxia Holdings
7D
21.6%
1Y
531.7%
7725
JP¥1,350.00
Inter Action
7D
-7.5%
1Y
36.1%
8035
JP¥37,910.00
Tokyo Electron
7D
10.5%
1Y
40.3%

8035: Higher Payouts And Upgraded Guidance Will Still Leave Shares Overpriced

Analysts have nudged their price target for Tokyo Electron slightly higher to ¥25,869, reflecting updated assumptions around revenue growth, profit margins, and a modestly lower future P/E multiple. What's in the News Tokyo Electron raised its consolidated earnings guidance for the fiscal year ending March 31, 2026, now expecting net sales of ¥2,380b, operating income of ¥586b, net income attributable to owners of parent of ¥488b, and net income per share of ¥1,064.77, compared with prior guidance of net sales of ¥2,350b, operating income of ¥570b, net income attributable to owners of parent of ¥444b, and net income per share of ¥969.12 (Key Developments).
6963
JP¥2,385.00
ROHM
7D
7.4%
1Y
62.4%

6963: Product Ramp And Raised Guidance Will Support Balanced Earnings Outlook

Analysts have kept their fair value estimate for ROHM steady at ¥2,204.55 while slightly adjusting inputs such as the discount rate and future P/E. This reflects fine tuning of their valuation framework rather than a major shift in outlook.
6525
JP¥5,976.00
Kokusai Electric
7D
8.8%
1Y
166.5%
6723
JP¥2,380.00
Renesas Electronics
7D
11.2%
1Y
17.8%
6966
JP¥755.00
Mitsui High-tec
7D
-0.7%
1Y
-11.6%
6146
JP¥55,000.00
Disco
7D
14.2%
1Y
14.6%
6857
JP¥20,255.00
Advantest
7D
3.2%
1Y
95.1%

6857: Elevated AI Tester Expectations Will Likely Prove Unsustainable

Analysts have raised their price target for Advantest significantly, from approximately ¥6,973 to about ¥10,429. They cited upgraded expectations for revenue growth, structurally higher profit margins, and a slightly lower future price to earnings multiple that still supports a richer fair value.
6941
JP¥5,740.00
Yamaichi ElectronicsLtd
7D
-1.9%
1Y
140.2%

Yamaichi ElectronicsLtd (TSE:6941) Is Increasing Its Dividend To ¥70.00

Dec 31
Yamaichi ElectronicsLtd (TSE:6941) Is Increasing Its Dividend To ¥70.00
6387
JP¥4,455.00
SAMCO
7D
-3.0%
1Y
48.0%
6920
JP¥30,380.00
Lasertec
7D
2.5%
1Y
94.1%
3445
JP¥3,755.00
RS Technologies
7D
-0.4%
1Y
20.4%
255A
JP¥3,090.00
Gltechno Holdings
7D
-0.8%
1Y
10.4%
6055
JP¥1,519.00
JAPAN MATERIAL
7D
-1.8%
1Y
-15.2%

JAPAN MATERIAL (TSE:6055) Is Increasing Its Dividend To ¥27.00

Dec 03
JAPAN MATERIAL (TSE:6055) Is Increasing Its Dividend To ¥27.00
6918
JP¥2,807.00
Aval Data
7D
-2.1%
1Y
1.8%