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Japanese (NIKKEI) Application Software Industry Analysis

UpdatedJan 23, 2026
DataAggregated Company Financials
Companies145
  • 7D-5.9%
  • 3M-7.8%
  • 1Y8.3%
  • YTDn/a

Over the last 7 days, the Application Software industry has dropped 5.9%, driven by a pullback from Money Forward of 19%. In contrast, Japan System Techniques has gained 5.1%. Over the past 12 months, the industry was up 8.3%. 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?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 23 Jan 2026JP¥4.6tJP¥1.5tJP¥134.7b20.2x33.9x3x
Sun, 21 Dec 2025JP¥4.7tJP¥1.5tJP¥125.4b20.7x37.2x3x
Tue, 18 Nov 2025JP¥4.8tJP¥1.5tJP¥123.3b19.8x38.5x3.1x
Thu, 16 Oct 2025JP¥4.8tJP¥1.5tJP¥114.2b21.9x42.3x3.2x
Sat, 13 Sep 2025JP¥5.2tJP¥1.5tJP¥114.5b23.5x45.1x3.5x
Mon, 11 Aug 2025JP¥5.1tJP¥1.5tJP¥107.7b21.8x47.1x3.5x
Wed, 09 Jul 2025JP¥4.8tJP¥1.4tJP¥108.1b20.6x44.3x3.3x
Fri, 06 Jun 2025JP¥4.8tJP¥1.5tJP¥113.6b22.3x41.9x3.3x
Sun, 04 May 2025JP¥4.4tJP¥1.4tJP¥107.6b21.4x40.5x3.1x
Tue, 01 Apr 2025JP¥4.3tJP¥1.4tJP¥100.4b19.5x42.8x3.1x
Thu, 27 Feb 2025JP¥4.4tJP¥1.4tJP¥104.3b20.2x42.6x3.2x
Sat, 25 Jan 2025JP¥4.3tJP¥1.3tJP¥90.6b21.6x47.1x3.2x
Mon, 23 Dec 2024JP¥4.4tJP¥1.3tJP¥93.4b22.9x46.9x3.3x
Wed, 20 Nov 2024JP¥4.2tJP¥1.3tJP¥92.2b23.6x46.1x3.2x
Fri, 18 Oct 2024JP¥4.4tJP¥1.3tJP¥83.9b24.1x51.9x3.4x
Sun, 15 Sep 2024JP¥4.4tJP¥1.3tJP¥84.5b21.4x51.6x3.4x
Tue, 13 Aug 2024JP¥3.8tJP¥1.3tJP¥77.0b19.7x48.9x3x
Thu, 11 Jul 2024JP¥4.2tJP¥1.2tJP¥72.9b24.6x57.4x3.4x
Sat, 08 Jun 2024JP¥4.0tJP¥1.2tJP¥73.9b22.5x53.5x3.2x
Mon, 06 May 2024JP¥4.0tJP¥1.2tJP¥71.3b23.1x55.9x3.3x
Wed, 03 Apr 2024JP¥4.3tJP¥1.2tJP¥68.4b24.4x62.8x3.6x
Fri, 01 Mar 2024JP¥4.5tJP¥1.2tJP¥65.8b25.3x68.5x3.7x
Sun, 28 Jan 2024JP¥4.3tJP¥1.3tJP¥69.7b25.3x61.4x3.4x
Tue, 26 Dec 2023JP¥4.1tJP¥1.2tJP¥68.5b23.5x59.9x3.3x
Thu, 23 Nov 2023JP¥4.2tJP¥1.2tJP¥70.2b22.4x59.6x3.4x
Sat, 21 Oct 2023JP¥3.7tJP¥1.2tJP¥65.6b22.3x55.9x3.1x
Mon, 18 Sep 2023JP¥4.1tJP¥1.2tJP¥63.6b24x63.7x3.4x
Wed, 16 Aug 2023JP¥4.0tJP¥1.2tJP¥63.0b24.5x63.3x3.4x
Fri, 14 Jul 2023JP¥4.3tJP¥1.1tJP¥57.1b23.5x74.9x3.8x
Sun, 11 Jun 2023JP¥4.2tJP¥1.1tJP¥57.1b22.5x73.6x3.7x
Tue, 09 May 2023JP¥4.0tJP¥1.1tJP¥52.0b22.2x77.3x3.6x
Thu, 06 Apr 2023JP¥4.0tJP¥1.1tJP¥52.1b25.4x76.4x3.6x
Sat, 04 Mar 2023JP¥3.8tJP¥1.1tJP¥53.0b25.3x70.7x3.4x
Mon, 30 Jan 2023JP¥3.8tJP¥1.1tJP¥49.3b24.3x76.6x3.6x
Price to Earnings Ratio

76.6x


Total Market Cap: JP¥3.8tTotal Earnings: JP¥49.3bTotal Revenue: JP¥1.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Application Software Industry Price to Earnings3Y Average 55x202420252026
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 33.9x which is lower than its 3-year average PE of 55.0x.
  • The 3-year average PS ratio of 3.3x is higher than the industry's current PS ratio of 3.0x.
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 Market-1.15%
Tech1.55%
Software-6.51%
Application Software-5.92%
Systems Software-7.38%
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
4323 Japan System TechniquesJP¥2.65k3.8%
+JP¥2.4b		42.2%PE22.8x
4425 KudanJP¥1.58k9.5%
+JP¥1.5b		15.4%PS23.1x
3917 iRidgeJP¥627.0019.2%
+JP¥790.7m		8.1%PE7.7x
6047 GunosyJP¥582.006.0%
+JP¥790.1m		-6.4%PE60.8x
441A NEJP¥689.007.0%
+JP¥742.5m		n/an/a

Latest News

3917
JP¥627.00
iRidge
7D
19.2%
1Y
8.1%
3994
JP¥4,141.00
Money Forward
7D
-12.8%
1Y
-3.5%
4443
JP¥1,662.00
Sansan
7D
-13.3%
1Y
-29.5%
9250
JP¥1,460.00
GRCS
7D
56.3%
1Y
5.6%

GRCS Inc. (TSE:9250) Soars 41% But It's A Story Of Risk Vs Reward

Jan 20
GRCS Inc. (TSE:9250) Soars 41% But It's A Story Of Risk Vs Reward
6047
JP¥582.00
Gunosy
7D
6.0%
1Y
-6.4%

Gunosy's (TSE:6047) Solid Earnings May Rest On Weak Foundations

Jan 20
Gunosy's (TSE:6047) Solid Earnings May Rest On Weak Foundations
3727
JP¥204.00
Aplix
7D
17.9%
1Y
44.7%

Investors Appear Satisfied With Aplix Corporation's (TSE:3727) Prospects As Shares Rocket 37%

Jan 19
Investors Appear Satisfied With Aplix Corporation's (TSE:3727) Prospects As Shares Rocket 37%
2323
JP¥1,313.00
fonfun
7D
8.2%
1Y
165.3%
3993
JP¥3,350.00
PKSHA Technology
7D
-5.6%
1Y
-2.8%

We Think That There Are Some Issues For PKSHA Technology (TSE:3993) Beyond Its Promising Earnings

Dec 29
We Think That There Are Some Issues For PKSHA Technology (TSE:3993) Beyond Its Promising Earnings
441A
JP¥689.00
NE
7D
7.0%
1Y
n/a
4733
JP¥7,839.00
OBIC Business Consultants
7D
-5.6%
1Y
5.9%

Is OBIC Business Consultants Co., Ltd. (TSE:4733) Worth JP¥8.5k Based On Its Intrinsic Value?

Dec 26
Is OBIC Business Consultants Co., Ltd. (TSE:4733) Worth JP¥8.5k Based On Its Intrinsic Value?
4323
JP¥2,654.00
Japan System Techniques
7D
3.8%
1Y
42.2%
4478
JP¥2,958.00
freee K.K
7D
-3.2%
1Y
-5.8%
4686
JP¥5,060.00
JustSystems
7D
-2.1%
1Y
51.3%

Some Investors May Be Worried About JustSystems' (TSE:4686) Returns On Capital

Dec 16
Some Investors May Be Worried About JustSystems' (TSE:4686) Returns On Capital
3923
JP¥943.40
Rakus
7D
-6.4%
1Y
1.8%

Is There An Opportunity With Rakus Co., Ltd.'s (TSE:3923) 33% Undervaluation?

Dec 12
Is There An Opportunity With Rakus Co., Ltd.'s (TSE:3923) 33% Undervaluation?
4425
JP¥1,575.00
Kudan
7D
9.5%
1Y
15.4%
3905
JP¥2,027.00
Datasection
7D
-8.7%
1Y
182.3%