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Japanese (NIKKEI) Application Software Industry Analysis
UpdatedJan 16, 2026
DataAggregated Company Financials
Companies146
- 7D1.9%
- 3M1.6%
- 1Y17.0%
- YTDn/a
In the last week, the Application Software industry is up 1.9%, with Sansan up 6.9%. Meanwhile, Rakus actually underperformed within the industry, shrinking 5.8% in the last week. This takes the industry's 12 month performance to a gain of 17%. As for the next few years, earnings are expected to grow by 25% per annum.
Industry Valuation and Performance
Has the Japanese Application Software Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 17 Jan 2026 | JP¥4.9t | JP¥1.6t | JP¥134.8b | 20.9x | 36.1x | 3.1x |
| Mon, 15 Dec 2025 | JP¥4.6t | JP¥1.5t | JP¥124.7b | 20.5x | 37x | 3x |
| Wed, 12 Nov 2025 | JP¥4.8t | JP¥1.5t | JP¥119.2b | 22.9x | 40.6x | 3.2x |
| Fri, 10 Oct 2025 | JP¥4.9t | JP¥1.5t | JP¥113.0b | 22.4x | 43.8x | 3.3x |
| Sun, 07 Sep 2025 | JP¥5.1t | JP¥1.5t | JP¥114.5b | 23.4x | 44.4x | 3.4x |
| Tue, 05 Aug 2025 | JP¥5.1t | JP¥1.5t | JP¥104.0b | 22.2x | 48.8x | 3.5x |
| Thu, 03 Jul 2025 | JP¥4.7t | JP¥1.4t | JP¥108.2b | 20.4x | 43.6x | 3.3x |
| Sat, 31 May 2025 | JP¥4.7t | JP¥1.5t | JP¥113.4b | 22x | 41.2x | 3.2x |
| Mon, 28 Apr 2025 | JP¥4.3t | JP¥1.4t | JP¥106.0b | 21.1x | 40.5x | 3.1x |
| Wed, 26 Mar 2025 | JP¥4.4t | JP¥1.4t | JP¥104.4b | 20.2x | 42.1x | 3.2x |
| Fri, 21 Feb 2025 | JP¥4.6t | JP¥1.4t | JP¥104.3b | 21x | 43.7x | 3.3x |
| Sun, 19 Jan 2025 | JP¥4.1t | JP¥1.3t | JP¥90.6b | 21.5x | 45.2x | 3.1x |
| Tue, 17 Dec 2024 | JP¥4.3t | JP¥1.2t | JP¥83.5b | 23.6x | 51.9x | 3.5x |
| Thu, 14 Nov 2024 | JP¥4.3t | JP¥1.3t | JP¥85.4b | 23.7x | 50.4x | 3.3x |
| Sat, 12 Oct 2024 | JP¥4.5t | JP¥1.3t | JP¥84.7b | 24x | 53x | 3.5x |
| Mon, 09 Sep 2024 | JP¥4.3t | JP¥1.3t | JP¥84.5b | 21.6x | 51x | 3.3x |
| Wed, 07 Aug 2024 | JP¥3.6t | JP¥1.3t | JP¥76.5b | 19.4x | 47.5x | 2.9x |
| Fri, 05 Jul 2024 | JP¥4.2t | JP¥1.2t | JP¥72.9b | 25x | 57.4x | 3.4x |
| Sun, 02 Jun 2024 | JP¥3.9t | JP¥1.2t | JP¥73.9b | 22.7x | 53.1x | 3.1x |
| Tue, 30 Apr 2024 | JP¥3.9t | JP¥1.2t | JP¥70.9b | 22.4x | 55.3x | 3.2x |
| Thu, 28 Mar 2024 | JP¥4.4t | JP¥1.2t | JP¥68.2b | 24x | 65.2x | 3.7x |
| Sat, 24 Feb 2024 | JP¥4.2t | JP¥1.2t | JP¥65.8b | 24.4x | 64x | 3.5x |
| Mon, 22 Jan 2024 | JP¥4.2t | JP¥1.2t | JP¥68.5b | 23.1x | 60.9x | 3.3x |
| Wed, 20 Dec 2023 | JP¥4.2t | JP¥1.2t | JP¥68.3b | 21.6x | 61.6x | 3.4x |
| Fri, 17 Nov 2023 | JP¥4.1t | JP¥1.2t | JP¥70.5b | 21.7x | 57.8x | 3.3x |
| Sun, 15 Oct 2023 | JP¥3.8t | JP¥1.2t | JP¥64.6b | 23.1x | 59.2x | 3.2x |
| Tue, 12 Sep 2023 | JP¥4.1t | JP¥1.2t | JP¥63.3b | 24.3x | 64.2x | 3.4x |
| Thu, 10 Aug 2023 | JP¥4.1t | JP¥1.2t | JP¥58.1b | 24.5x | 69.8x | 3.4x |
| Sat, 08 Jul 2023 | JP¥4.2t | JP¥1.1t | JP¥57.1b | 23x | 73x | 3.7x |
| Mon, 05 Jun 2023 | JP¥4.2t | JP¥1.1t | JP¥57.1b | 21.4x | 73x | 3.7x |
| Wed, 03 May 2023 | JP¥4.0t | JP¥1.1t | JP¥52.0b | 22.2x | 76.2x | 3.6x |
| Fri, 31 Mar 2023 | JP¥3.9t | JP¥1.1t | JP¥52.1b | 24.5x | 75.6x | 3.5x |
| Sun, 26 Feb 2023 | JP¥3.7t | JP¥1.1t | JP¥53.0b | 25.1x | 69.2x | 3.4x |
| Tue, 24 Jan 2023 | JP¥3.7t | JP¥1.1t | JP¥50.0b | 24.8x | 74.8x | 3.5x |
Price to Earnings Ratio
74.8x
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 36.1x which is lower than its 3-year average PE of 55.2x.
- The industry is trading close to its 3-year average PS ratio of 3.4x.
Past Earnings Growth
- The earnings for companies in the Application Software industry have grown 39% 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 Market | 4.92% | |
| Tech | 6.34% | |
| Software | 0.83% | |
| Application Software | 1.94% | |
| Systems Software | -0.80% | |
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?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 4443 Sansan | JP¥1.92k | 6.9% +JP¥15.7b | -14.3% | PE117.6x | |
| 4686 JustSystems | JP¥5.17k | 2.6% +JP¥8.3b | 54.3% | PE23.7x | |
| 4180 Appier Group | JP¥1.14k | 4.2% +JP¥4.7b | -18.3% | PE34.7x | |
| 3994 Money Forward | JP¥4.75k | 1.7% +JP¥4.4b | 19.2% | PE165.5x | |
| 9790 Fukui Computer HoldingsInc | JP¥3.44k | 5.5% +JP¥3.7b | 20.7% | PE18.8x |
