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Japanese (NIKKEI) Semiconductors Industry Analysis

UpdatedDec 25, 2025
DataAggregated Company Financials
Companies57
  • 7D5.5%
  • 3M23.0%
  • 1Y65.5%
  • YTD61.0%

The Semiconductors industry is up 5.5% in the last week, with Tokyo Electron up 11%. Meanwhile, Abalance actually underperformed within the industry, shrinking 31% in the last week. This means that the industry has gained 66% over the past year. 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
Thu, 25 Dec 2025JP¥55.4tJP¥11.2tJP¥1.4t21.2x39.3x4.9x
Sat, 22 Nov 2025JP¥50.2tJP¥11.2tJP¥1.4t19.9x35.7x4.5x
Mon, 20 Oct 2025JP¥48.7tJP¥11.1tJP¥1.4t18.2x34.2x4.4x
Wed, 17 Sep 2025JP¥40.0tJP¥11.0tJP¥1.4t15.9x28.3x3.7x
Fri, 15 Aug 2025JP¥35.1tJP¥11.0tJP¥1.4t15.6x24.6x3.2x
Sun, 13 Jul 2025JP¥38.4tJP¥11.0tJP¥1.7t15.5x22.6x3.5x
Tue, 10 Jun 2025JP¥33.0tJP¥11.2tJP¥1.7t13.7x19.2x2.9x
Thu, 08 May 2025JP¥29.1tJP¥11.2tJP¥1.8t12.1x16.6x2.6x
Sat, 05 Apr 2025JP¥26.5tJP¥11.0tJP¥1.8t10.8x15x2.4x
Mon, 03 Mar 2025JP¥33.9tJP¥11.0tJP¥1.8t13.4x19.1x3.1x
Wed, 29 Jan 2025JP¥34.5tJP¥10.5tJP¥1.6t13.6x22.1x3.3x
Fri, 27 Dec 2024JP¥34.3tJP¥10.3tJP¥1.4t13.5x25.2x3.3x
Sun, 24 Nov 2024JP¥33.3tJP¥9.1tJP¥1.4t14.1x24x3.6x
Tue, 22 Oct 2024JP¥34.2tJP¥8.9tJP¥1.3t15.8x25.5x3.8x
Thu, 19 Sep 2024JP¥31.3tJP¥8.7tJP¥1.3t14.9x23.7x3.6x
Sat, 17 Aug 2024JP¥38.9tJP¥8.9tJP¥1.3t16.5x29.2x4.4x
Mon, 15 Jul 2024JP¥47.2tJP¥8.6tJP¥1.3t21.6x37x5.5x
Wed, 12 Jun 2024JP¥45.6tJP¥8.6tJP¥1.3t22.1x36x5.3x
Fri, 10 May 2024JP¥43.8tJP¥8.6tJP¥1.3t21.6x33.5x5.1x
Sun, 07 Apr 2024JP¥46.2tJP¥8.6tJP¥1.3t19.6x34.9x5.4x
Tue, 05 Mar 2024JP¥48.3tJP¥8.6tJP¥1.3t23.2x36.6x5.6x
Thu, 01 Feb 2024JP¥38.6tJP¥8.7tJP¥1.4t17.2x28.2x4.4x
Sat, 30 Dec 2023JP¥35.2tJP¥8.7tJP¥1.4t16.6x25.7x4.1x
Mon, 27 Nov 2023JP¥33.3tJP¥8.5tJP¥1.4t17.6x24.3x3.9x
Wed, 25 Oct 2023JP¥28.5tJP¥8.8tJP¥1.5t14.1x18.6x3.2x
Fri, 22 Sep 2023JP¥27.8tJP¥8.5tJP¥1.5t13.1x18.5x3.3x
Sun, 20 Aug 2023JP¥28.8tJP¥8.3tJP¥1.5t13.5x19.5x3.5x
Tue, 18 Jul 2023JP¥30.0tJP¥8.6tJP¥1.6t13.2x19.4x3.5x
Thu, 15 Jun 2023JP¥29.5tJP¥8.6tJP¥1.6t13.6x18.9x3.4x
Sat, 13 May 2023JP¥23.0tJP¥8.6tJP¥1.5t10.9x14.9x2.7x
Mon, 10 Apr 2023JP¥21.7tJP¥8.3tJP¥1.5t10.7x14.6x2.6x
Wed, 08 Mar 2023JP¥22.4tJP¥8.3tJP¥1.5t11x15x2.7x
Fri, 03 Feb 2023JP¥21.0tJP¥8.2tJP¥1.5t9.6x13.9x2.6x
Sun, 01 Jan 2023JP¥18.0tJP¥8.2tJP¥1.5t8.9x12x2.2x
Price to Earnings Ratio

12x


Total Market Cap: JP¥18.0tTotal Earnings: JP¥1.5tTotal Revenue: JP¥8.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Semiconductors Industry Price to Earnings3Y Average 24.2x202320242025
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 39.3x which is higher than its 3-year average PE of 24.2x.
  • 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 Market1.23%
Tech2.48%
Semiconductors5.47%
Semiconductors7.32%
Semiconductor Equipment4.99%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 21.0x.
    • Analysts are expecting annual earnings growth of 42.3%, 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 27.5x.
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
8035 Tokyo ElectronJP¥33.72k11.3%
+JP¥1.6t		41.5%PE28.5x
6857 AdvantestJP¥19.87k5.6%
+JP¥771.0b		118.4%PE55.2x
285A Kioxia HoldingsJP¥10.82k13.8%
+JP¥708.2b		580.5%PE37.7x
6146 DiscoJP¥47.74k8.1%
+JP¥386.0b		11.6%PE41x
6723 Renesas ElectronicsJP¥2.15k6.7%
+JP¥244.7b		6.1%PS3.1x

Latest News

6525
JP¥5,404.00
Kokusai Electric
7D
19.7%
1Y
157.1%
7735
JP¥14,880.00
SCREEN Holdings
7D
16.3%
1Y
58.3%
6614
JP¥659.00
Shikino High-TechLTD
7D
-1.3%
1Y
-31.1%
8035
JP¥33,720.00
Tokyo Electron
7D
11.3%
1Y
41.5%

Tokyo Electron's (TSE:8035) Dividend Will Be ¥269.00

Dec 24
Tokyo Electron's (TSE:8035) Dividend Will Be ¥269.00
6920
JP¥29,280.00
Lasertec
7D
4.2%
1Y
94.6%
6723
JP¥2,150.00
Renesas Electronics
7D
6.7%
1Y
6.1%
3856
JP¥383.00
Abalance
7D
-30.7%
1Y
-44.3%
6857
JP¥19,865.00
Advantest
7D
5.6%
1Y
118.4%

6857: New Test Platforms Will Support Future Returns At A Fair Price

Analysts have modestly raised their price target on Advantest to approximately ¥19,218, citing a slightly higher assumed discount rate while maintaining largely unchanged expectations for long term revenue growth, profit margins, and future valuation multiples. What's in the News Launched the T2000 AiR2X next generation air cooled SoC test system, doubling test resources versus the prior AiR platform while remaining compatible with existing T2000 installations and targeting high mix, low volume and legacy system replacement demand (company announcement).
6146
JP¥47,740.00
Disco
7D
8.1%
1Y
11.6%
6918
JP¥2,612.00
Aval Data
7D
-1.3%
1Y
0.9%
285A
JP¥10,820.00
Kioxia Holdings
7D
13.8%
1Y
580.5%
6656
JP¥503.00
inspec
7D
-2.5%
1Y
-9.9%
5216
JP¥146.00
Kuramoto
7D
-2.0%
1Y
-34.5%