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Japanese (NIKKEI) Semiconductors Industry Analysis

UpdatedDec 20, 2025
DataAggregated Company Financials
Companies57
  • 7D-5.2%
  • 3M21.1%
  • 1Y57.9%
  • YTD50.9%

Over the last 7 days, the Semiconductors industry has dropped 5.2%, driven by a pullback from Advantest of 7.6%. Over the past 12 months, the industry was up 58%. 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, 20 Dec 2025JP¥51.9tJP¥11.2tJP¥1.4t19.9x36.8x4.6x
Mon, 17 Nov 2025JP¥53.0tJP¥11.2tJP¥1.4t20.3x37.7x4.7x
Wed, 15 Oct 2025JP¥46.6tJP¥11.0tJP¥1.4t17.1x33x4.3x
Fri, 12 Sep 2025JP¥37.8tJP¥11.0tJP¥1.4t15.3x26.7x3.5x
Sun, 10 Aug 2025JP¥34.0tJP¥11.0tJP¥1.4t15.5x23.9x3.1x
Tue, 08 Jul 2025JP¥37.5tJP¥11.0tJP¥1.7t14.7x22.1x3.4x
Thu, 05 Jun 2025JP¥31.3tJP¥11.2tJP¥1.7t13.4x18.3x2.8x
Sat, 03 May 2025JP¥28.7tJP¥11.2tJP¥1.8t12x16.4x2.6x
Mon, 31 Mar 2025JP¥31.9tJP¥11.0tJP¥1.8t12.7x18x2.9x
Wed, 26 Feb 2025JP¥36.7tJP¥11.0tJP¥1.8t13.3x20.8x3.3x
Fri, 24 Jan 2025JP¥38.5tJP¥10.5tJP¥1.5t14.9x25x3.7x
Sun, 22 Dec 2024JP¥33.7tJP¥10.3tJP¥1.4t13.3x24.8x3.3x
Tue, 19 Nov 2024JP¥32.9tJP¥9.1tJP¥1.4t13.9x23.8x3.6x
Thu, 17 Oct 2024JP¥34.2tJP¥8.9tJP¥1.3t15.9x25.7x3.8x
Sat, 14 Sep 2024JP¥32.4tJP¥8.9tJP¥1.3t15.3x24.3x3.6x
Mon, 12 Aug 2024JP¥34.2tJP¥8.9tJP¥1.3t14.2x25.7x3.8x
Wed, 10 Jul 2024JP¥47.7tJP¥8.6tJP¥1.3t23.4x37.5x5.5x
Fri, 07 Jun 2024JP¥44.7tJP¥8.6tJP¥1.3t21.2x35.2x5.2x
Sun, 05 May 2024JP¥43.3tJP¥8.6tJP¥1.3t21.8x33x5x
Tue, 02 Apr 2024JP¥47.1tJP¥8.6tJP¥1.3t20.4x35.5x5.5x
Thu, 29 Feb 2024JP¥45.3tJP¥8.6tJP¥1.3t21.4x34.3x5.3x
Sat, 27 Jan 2024JP¥38.4tJP¥8.7tJP¥1.4t17.1x28.1x4.4x
Mon, 25 Dec 2023JP¥34.5tJP¥8.7tJP¥1.4t16.3x25.2x4x
Wed, 22 Nov 2023JP¥33.4tJP¥8.5tJP¥1.4t17.2x24.4x3.9x
Fri, 20 Oct 2023JP¥28.6tJP¥8.6tJP¥1.5t14.5x19.1x3.3x
Sun, 17 Sep 2023JP¥29.4tJP¥8.5tJP¥1.5t14x19.6x3.4x
Tue, 15 Aug 2023JP¥28.6tJP¥8.3tJP¥1.5t12.8x19.3x3.4x
Thu, 13 Jul 2023JP¥28.7tJP¥8.6tJP¥1.6t12.9x18.5x3.3x
Sat, 10 Jun 2023JP¥27.8tJP¥8.6tJP¥1.6t13.7x17.9x3.2x
Mon, 08 May 2023JP¥22.0tJP¥8.6tJP¥1.5t10.7x14.2x2.6x
Wed, 05 Apr 2023JP¥22.4tJP¥8.3tJP¥1.5t11x15.1x2.7x
Fri, 03 Mar 2023JP¥21.6tJP¥8.3tJP¥1.5t10.9x14.5x2.6x
Sun, 29 Jan 2023JP¥20.5tJP¥8.2tJP¥1.5t9.6x13.6x2.5x
Tue, 27 Dec 2022JP¥18.3tJP¥8.2tJP¥1.5t9x12.2x2.2x
Price to Earnings Ratio

12.2x


Total Market Cap: JP¥18.3tTotal Earnings: JP¥1.5tTotal Revenue: JP¥8.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Semiconductors Industry Price to Earnings3Y Average 24.1x202320242025
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 36.8x which is higher than its 3-year average PE of 24.1x.
  • The 3-year average PS ratio of 3.7x is lower than the industry's current PS ratio of 4.6x.
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 Market-0.91%
Tech-2.87%
Semiconductors-5.24%
Semiconductor Equipment-5.10%
Semiconductors-5.79%
Industry PE
  • Investors are most optimistic about the Semiconductors industry which is trading above its 3-year average PE ratio of 20.6x.
    • Analysts are expecting annual earnings growth of 42.7%, 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 27.4x.
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 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
6890 FerrotecJP¥4.89k3.2%
+JP¥7.0b		99.9%PE17.9x
7725 Inter ActionJP¥1.35k3.8%
+JP¥504.8m		38.6%PE27.4x
6832 AOI ElectronicsJP¥2.32k1.0%
+JP¥246.4m		22.2%PE230.1x
6616 Torex SemiconductorJP¥1.40k1.0%
+JP¥148.3m		23.0%PS0.6x
3374 Naigai TecJP¥2.14k1.8%
+JP¥132.9m		-4.1%PE6.8x

Latest News

255A
JP¥2,972.00
Gltechno Holdings
7D
0.07%
1Y
11.8%
6525
JP¥4,566.00
Kokusai Electric
7D
-5.2%
1Y
116.0%

6525: Deferred Shipments And Margin Execution Will Shape Future Earnings Stability

Analysts have modestly raised their price target on Kokusai Electric to approximately 4,775 yen from about 4,765 yen, reflecting slightly higher long term growth and margin assumptions, even as they expect earnings to broadly track consensus. Analyst Commentary Bullish Takeaways Bullish analysts view the modestly higher price target and neutral rating framework as consistent with a company that can deliver solid, if not spectacular, growth in line with market expectations.
7735
JP¥12,790.00
SCREEN Holdings
7D
-3.1%
1Y
37.9%
6890
JP¥4,890.00
Ferrotec
7D
3.2%
1Y
99.9%
6723
JP¥2,037.50
Renesas Electronics
7D
-7.1%
1Y
0.4%

6723: Timing Unit Sale Will Unlock Upside Amid Stable Earnings Outlook

Analysts have nudged their price target on Renesas Electronics slightly higher, now implying fair value broadly in line with prior estimates but supported by a marginally lower discount rate and sustained expectations for high single digit revenue growth and resilient profit margins, which together indicate a premium future P/E in the low 20s. What's in the News Renesas is exploring a sale of its timing division, with potential bidders including Texas Instruments and Infineon, in a deal that could value the unit near $2 billion (Reuters) SiTime is in talks to acquire Renesas timing unit in a transaction that could reach up to $2 billion including debt, though negotiations remain uncertain and non binding (Key Developments) Renesas launched its first Wi Fi 6 MCUs, the RA6W1 and RA6W2, targeting ultra low power connected IoT devices with integrated security and long term product support (Key Developments) The company introduced a sixth generation DDR5 Registered Clock Driver that pushes data rates to 9600 MT per second to support next generation AI and data center servers (Key Developments) Renesas unveiled new RA8M2 and RA8D2 microcontrollers based on 1 GHz Arm Cortex M85 cores, aimed at compute intensive, graphics rich and ML enabled embedded applications (Key Developments) Valuation Changes Fair Value remained unchanged at approximately ¥2,417 per share, indicating no material revision to the intrinsic value estimate.
6336
JP¥725.00
Ishii Hyoki
7D
2.1%
1Y
45.6%
6857
JP¥19,195.00
Advantest
7D
-7.6%
1Y
123.0%

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).
6920
JP¥28,520.00
Lasertec
7D
-8.2%
1Y
92.7%
8035
JP¥31,200.00
Tokyo Electron
7D
-1.0%
1Y
33.9%

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).
6616
JP¥1,397.00
Torex Semiconductor
7D
1.0%
1Y
23.0%
6146
JP¥44,720.00
Disco
7D
-8.4%
1Y
7.7%
6832
JP¥2,322.00
AOI Electronics
7D
1.0%
1Y
22.2%
3374
JP¥2,139.00
Naigai Tec
7D
1.8%
1Y
-4.1%
285A
JP¥9,340.00
Kioxia Holdings
7D
-5.6%
1Y
447.8%
7725
JP¥1,349.00
Inter Action
7D
3.8%
1Y
38.6%
6730
JP¥1,220.00
AXELL
7D
0.7%
1Y
1.0%