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Japanese (NIKKEI) Semiconductors Industry Analysis

UpdatedApr 21, 2026
DataAggregated Company Financials
Companies57
  • 7D4.5%
  • 3M28.8%
  • 1Y236.8%
  • YTD43.3%

In the last week, the Semiconductors industry is up 3.8%, with Advantest up 8.9%. This takes the industry's 12 month performance to a gain of 234%. As for the next few years, earnings are expected to grow by 29% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 21 Apr 2026JP¥85.3tJP¥11.4tJP¥1.4t26x61.6x7.5x
Thu, 19 Mar 2026JP¥75.5tJP¥11.4tJP¥1.4t23.4x54.4x6.6x
Sat, 14 Feb 2026JP¥78.0tJP¥11.4tJP¥1.4t23.2x55.8x6.9x
Mon, 12 Jan 2026JP¥60.8tJP¥11.2tJP¥1.4t22.3x43x5.4x
Wed, 10 Dec 2025JP¥55.8tJP¥11.2tJP¥1.4t20.8x39.6x5x
Fri, 07 Nov 2025JP¥56.8tJP¥11.2tJP¥1.5t20.3x37.5x5.1x
Sun, 05 Oct 2025JP¥46.3tJP¥11.0tJP¥1.4t17.1x32.7x4.2x
Tue, 02 Sep 2025JP¥33.6tJP¥11.0tJP¥1.4t15x23.7x3.1x
Thu, 31 Jul 2025JP¥37.1tJP¥11.1tJP¥1.5t16.2x24.8x3.3x
Sat, 28 Jun 2025JP¥37.7tJP¥11.0tJP¥1.7t15.3x22.2x3.4x
Mon, 26 May 2025JP¥30.9tJP¥11.2tJP¥1.7t13.8x18x2.8x
Wed, 23 Apr 2025JP¥26.0tJP¥11.0tJP¥1.8t11.2x14.7x2.4x
Fri, 21 Mar 2025JP¥33.8tJP¥11.0tJP¥1.8t12.7x19.1x3.1x
Sun, 16 Feb 2025JP¥36.3tJP¥10.8tJP¥1.6t13.1x22.4x3.4x
Tue, 14 Jan 2025JP¥37.9tJP¥10.5tJP¥1.5t13.6x24.5x3.6x
Thu, 12 Dec 2024JP¥33.3tJP¥9.1tJP¥1.4t13.7x23.3x3.7x
Sat, 09 Nov 2024JP¥35.2tJP¥9.0tJP¥1.4t15.3x25.9x3.9x
Mon, 07 Oct 2024JP¥34.7tJP¥8.9tJP¥1.3t15.8x26x3.9x
Wed, 04 Sep 2024JP¥35.6tJP¥8.9tJP¥1.3t16.9x26.7x4x
Fri, 02 Aug 2024JP¥39.8tJP¥8.7tJP¥1.3t16.2x31.1x4.6x
Sun, 30 Jun 2024JP¥46.0tJP¥8.6tJP¥1.3t22.1x36.2x5.3x
Tue, 28 May 2024JP¥46.6tJP¥8.6tJP¥1.3t22x36.7x5.4x
Thu, 25 Apr 2024JP¥42.7tJP¥8.6tJP¥1.3t21.1x32.2x5x
Sat, 23 Mar 2024JP¥47.7tJP¥8.6tJP¥1.3t20.8x36x5.6x
Mon, 19 Feb 2024JP¥44.4tJP¥8.6tJP¥1.3t21x33.6x5.2x
Wed, 17 Jan 2024JP¥35.9tJP¥8.7tJP¥1.4t16.1x26.3x4.1x
Fri, 15 Dec 2023JP¥34.1tJP¥8.7tJP¥1.4t16.2x24.9x3.9x
Sun, 12 Nov 2023JP¥30.5tJP¥8.5tJP¥1.4t15.6x22.2x3.6x
Tue, 10 Oct 2023JP¥27.5tJP¥8.6tJP¥1.5t13.8x18.3x3.2x
Thu, 07 Sep 2023JP¥30.3tJP¥8.5tJP¥1.5t15.1x20.2x3.6x
Sat, 05 Aug 2023JP¥30.0tJP¥8.4tJP¥1.5t13x19.9x3.6x
Mon, 03 Jul 2023JP¥30.0tJP¥8.6tJP¥1.6t13.7x19.3x3.5x
Wed, 31 May 2023JP¥27.7tJP¥8.6tJP¥1.6t12.6x17.8x3.2x
Fri, 28 Apr 2023JP¥21.3tJP¥8.4tJP¥1.5t10.3x14.3x2.5x
Price to Earnings Ratio

14.3x


Total Market Cap: JP¥21.3tTotal Earnings: JP¥1.5tTotal Revenue: JP¥8.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Semiconductors Industry Price to Earnings3Y Average 28.2x202420252026
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 61.5x which is higher than its 3-year average PE of 28.2x.
  • The 3-year average PS ratio of 4.1x is lower than the industry's current PS ratio of 7.5x.
Past Earnings Growth
  • The earnings for companies in the Semiconductor industry have declined 2.4% 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 Market1.52%
Tech5.26%
Semiconductors4.48%
Semiconductor Equipment5.44%
Semiconductors2.21%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 35.3x.
    • Analysts are expecting annual earnings growth of 54.1%, 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 30.3x.
Forecasted Growth
  • Analysts are most optimistic on the Semiconductors industry, expecting annual earnings growth of 54% 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
8035 Tokyo ElectronJP¥45.72k4.6%
+JP¥918.7b		138.4%PE41.3x
6723 Renesas ElectronicsJP¥3.07k12.4%
+JP¥612.0b		94.3%PS4.2x
6146 DiscoJP¥73.98k3.3%
+JP¥254.9b		173.7%PE61.1x
6920 LasertecJP¥44.49k3.9%
+JP¥151.5b		275.1%PE45.8x
6857 AdvantestJP¥27.15k0.5%
+JP¥106.1b		403.5%PE68.8x

Latest News

8035
JP¥45,720.00
Tokyo Electron
7D
4.6%
1Y
138.4%

8035: Rich Buybacks And Dividend Hikes Will Still Leave Shares Overpriced

Analysts have raised their price target for Tokyo Electron to about ¥31,600 from about ¥29,100. This reflects updated views on stronger revenue growth, a slightly higher profit margin and a lower future P/E multiple.
6723
JP¥3,070.00
Renesas Electronics
7D
12.4%
1Y
94.3%
7735
JP¥10,700.00
SCREEN Holdings
7D
-4.5%
1Y
136.4%

7735: Fiscal 2026 Earnings Strength And Stock Split Will Support Share Price

Analysts have reduced their price target on SCREEN Holdings from ¥15,040 to ¥11,680 as they update models to reflect revised assumptions around revenue growth, profit margins, a higher future P/E, and a slightly higher discount rate. What's in the News The board approved a 2-for-1 stock split of SCREEN Holdings shares, scheduled for March 30, 2026 (Key Developments).
429A
JP¥3,850.00
Tekscend Photomask
7D
6.6%
1Y
n/a
6590
JP¥4,785.00
Shibaura Mechatronics
7D
-8.5%
1Y
278.0%
3436
JP¥2,227.00
Sumco
7D
2.4%
1Y
142.4%

3436: Expected Losses And Subsidiary Reclassification Will Further Cap Future Share Upside

Analysts have kept their ¥1,050 price target for Sumco unchanged, pointing to updated assumptions that now reflect revenue growth of 35.4%, a profit margin of 5.99% and a forward P/E of 20.20 as the key drivers behind this level. What's in the News Board meeting set for February 19, 2026 to consider selling part of the stake in FORMOSA SUMCO TECHNOLOGY CORPORATION, shifting it from a consolidated subsidiary to an equity method affiliate, along with decisions on the year end dividend for fiscal 2025 and other business items (Key Developments).
6323
JP¥3,704.00
Rorze
7D
-8.2%
1Y
175.6%

Rorze's (TSE:6323) Conservative Accounting Might Explain Soft Earnings

Apr 16
Rorze's (TSE:6323) Conservative Accounting Might Explain Soft Earnings
6227
JP¥6,910.00
AIMECHATEC
7D
-10.3%
1Y
842.7%
6525
JP¥6,888.00
Kokusai Electric
7D
-4.3%
1Y
198.2%

6525: Neutral Reinstatement And WFE Uncertainty Will Likely Restrain Future Upside

Analysts have raised their price target for Kokusai Electric to ¥6,200, reflecting updated views on fair value, revenue growth, margins, and a revised WFE outlook following the recent 3Q3/26 results. Analyst Commentary Analysts are treating the latest 3Q3/26 results and the updated wafer fab equipment outlook as a reason to reset expectations rather than turn outright positive.
285A
JP¥32,810.00
Kioxia Holdings
7D
-6.3%
1Y
1,760.0%
6857
JP¥27,145.00
Advantest
7D
0.5%
1Y
403.5%

6857: AI And HPC Hype Will Outrun Earnings Despite Aggressive Buybacks

Analysts have raised their price target for Advantest from approximately ¥15,900 to about ¥21,900, citing updated assumptions for higher revenue growth, a stronger profit margin profile, and a slightly lower projected P/E multiple. What's in the News Advantest reported completing a share repurchase of 2,048,700 shares, about 0.28% of outstanding shares, for ¥67,680.2 million under the buyback announced on October 28, 2025.
6920
JP¥44,490.00
Lasertec
7D
3.9%
1Y
275.1%
6315
JP¥2,620.00
TOWA
7D
-5.9%
1Y
112.3%
6627
JP¥9,590.00
Tera Probe
7D
-11.4%
1Y
319.9%
7729
JP¥16,695.00
Tokyo Seimitsu
7D
4.1%
1Y
122.2%
6146
JP¥73,980.00
Disco
7D
3.3%
1Y
173.7%