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Japanese (NIKKEI) Application Software Industry Analysis

UpdatedMar 28, 2026
DataAggregated Company Financials
Companies145
  • 7D1.2%
  • 3M-20.3%
  • 1Y-13.6%
  • YTDn/a

The Application Software is pretty flat in the last 7 days, but Money Forward has stood out, gaining 16%. Unfortunately though, the industry is down 16% over the past 12 months. As for the next few years, earnings are expected to grow by 22% per annum.

Industry Valuation and Performance

Has the Japanese Application Software Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 28 Mar 2026JP¥3.8tJP¥1.6tJP¥145.4b17.3x25.9x2.3x
Mon, 23 Feb 2026JP¥3.8tJP¥1.6tJP¥140.0b17.5x26.9x2.3x
Wed, 21 Jan 2026JP¥4.6tJP¥1.5tJP¥134.7b20.5x34.5x3x
Fri, 19 Dec 2025JP¥4.6tJP¥1.5tJP¥125.4b20.6x36.8x3x
Sun, 16 Nov 2025JP¥4.8tJP¥1.5tJP¥121.8b22.2x39.3x3.2x
Tue, 14 Oct 2025JP¥4.9tJP¥1.5tJP¥113.6b21.8x43x3.3x
Thu, 11 Sep 2025JP¥5.2tJP¥1.5tJP¥114.5b23.4x45.3x3.5x
Sat, 09 Aug 2025JP¥5.1tJP¥1.5tJP¥104.5b22.2x48.5x3.5x
Mon, 07 Jul 2025JP¥4.7tJP¥1.4tJP¥108.2b20.7x43.3x3.2x
Wed, 04 Jun 2025JP¥4.7tJP¥1.5tJP¥113.6b22x41.7x3.3x
Fri, 02 May 2025JP¥4.4tJP¥1.4tJP¥107.6b21.4x40.5x3.1x
Sun, 30 Mar 2025JP¥4.4tJP¥1.4tJP¥100.4b20.4x43.7x3.2x
Tue, 25 Feb 2025JP¥4.6tJP¥1.4tJP¥104.3b20.9x43.7x3.3x
Thu, 23 Jan 2025JP¥4.1tJP¥1.3tJP¥90.6b21.4x45.8x3.1x
Sat, 21 Dec 2024JP¥4.4tJP¥1.3tJP¥93.4b22.9x46.9x3.3x
Mon, 18 Nov 2024JP¥4.2tJP¥1.3tJP¥91.4b22.9x46.4x3.2x
Wed, 16 Oct 2024JP¥4.5tJP¥1.3tJP¥84.3b24.2x53.4x3.5x
Fri, 13 Sep 2024JP¥4.4tJP¥1.3tJP¥84.5b21.8x51.9x3.4x
Sun, 11 Aug 2024JP¥3.8tJP¥1.3tJP¥76.6b20x49.2x3x
Tue, 09 Jul 2024JP¥4.2tJP¥1.2tJP¥72.9b24.6x57.8x3.4x
Thu, 06 Jun 2024JP¥4.0tJP¥1.2tJP¥73.9b22.4x53.7x3.2x
Sat, 04 May 2024JP¥4.0tJP¥1.2tJP¥71.3b23.1x55.9x3.3x
Mon, 01 Apr 2024JP¥4.4tJP¥1.2tJP¥68.4b25.3x65.1x3.7x
Wed, 28 Feb 2024JP¥4.5tJP¥1.2tJP¥65.8b25.6x68x3.7x
Fri, 26 Jan 2024JP¥4.3tJP¥1.2tJP¥68.5b25.5x63x3.5x
Sun, 24 Dec 2023JP¥4.1tJP¥1.2tJP¥68.5b23.4x59.9x3.3x
Tue, 21 Nov 2023JP¥4.2tJP¥1.2tJP¥70.2b22.3x59.5x3.4x
Thu, 19 Oct 2023JP¥3.7tJP¥1.2tJP¥65.4b22.5x57.2x3.1x
Sat, 16 Sep 2023JP¥4.0tJP¥1.2tJP¥63.6b24.2x63.2x3.4x
Mon, 14 Aug 2023JP¥4.0tJP¥1.2tJP¥59.0b26x68.1x3.4x
Wed, 12 Jul 2023JP¥4.2tJP¥1.1tJP¥57.1b23.4x73.4x3.7x
Fri, 09 Jun 2023JP¥4.2tJP¥1.1tJP¥57.1b23.1x73.1x3.7x
Sun, 07 May 2023JP¥4.0tJP¥1.1tJP¥52.0b22.2x77.1x3.6x
Tue, 04 Apr 2023JP¥4.0tJP¥1.1tJP¥52.1b25.3x77.6x3.6x
Price to Earnings Ratio

77.6x


Total Market Cap: JP¥4.0tTotal Earnings: JP¥52.1bTotal Revenue: JP¥1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Application Software Industry Price to Earnings3Y Average 52.4x202420252026
Current Industry PE
  • Investors are pessimistic on the Japanese Application Software industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 25.8x which is lower than its 3-year average PE of 52.4x.
  • The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 2.3x.
Past Earnings Growth
  • The earnings for companies in the Application Software industry have grown 40% per year over the last three years.
  • Revenues for these companies have grown 13% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Japanese Application Software compare with similar industries?

JP Market0.86%
Tech-2.26%
Software-0.30%
Application Software1.23%
Systems Software-2.54%
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
3994 Money ForwardJP¥3.58k15.9%
+JP¥27.2b		-11.0%PE124.8x
4733 OBIC Business ConsultantsJP¥6.26k2.3%
+JP¥10.5b		-12.9%PE27.7x
4478 freee K.KJP¥2.20k8.6%
+JP¥10.4b		-39.8%PE148.6x
3923 RakusJP¥754.502.5%
+JP¥6.5b		-25.6%PE22.3x
4180 Appier GroupJP¥772.007.7%
+JP¥5.6b		-44.7%PE30.8x

Latest News

5137
JP¥332.00
SmartDrive
7D
20.7%
1Y
5.2%
9790
JP¥3,190.00
Fukui Computer HoldingsInc
7D
-5.2%
1Y
-7.8%
3923
JP¥754.50
Rakus
7D
2.5%
1Y
-25.6%
3741
JP¥3,170.00
Systems Engineering ConsultantsLTD
7D
-7.7%
1Y
33.3%
4733
JP¥6,261.00
OBIC Business Consultants
7D
2.3%
1Y
-12.9%
4431
JP¥2,219.00
Smaregi
7D
9.3%
1Y
-23.1%
4478
JP¥2,203.00
freee K.K
7D
8.6%
1Y
-39.8%
4180
JP¥772.00
Appier Group
7D
7.7%
1Y
-44.7%
3993
JP¥2,787.00
PKSHA Technology
7D
-2.4%
1Y
-8.6%
3994
JP¥3,582.00
Money Forward
7D
15.9%
1Y
-11.0%
3687
JP¥1,243.00
Fixstars
7D
-10.4%
1Y
-25.7%
3673
JP¥952.00
Broadleaf
7D
-4.1%
1Y
33.5%
2321
JP¥219.00
Softfront Holdings
7D
-30.9%
1Y
82.5%
3905
JP¥1,390.00
Datasection
7D
-6.4%
1Y
42.4%
4375
JP¥728.00
Safie
7D
-5.6%
1Y
-9.6%
4443
JP¥1,141.00
Sansan
7D
2.6%
1Y
-42.6%

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