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Japanese (NIKKEI) Telecom Sector Analysis

UpdatedMar 26, 2026
DataAggregated Company Financials
Companies294
  • 7D-1.0%
  • 3M-6.9%
  • 1Y11.4%
  • YTD-8.7%

Over the last 7 days, the Telecom industry has dropped 1.0%, driven by Nintendo declining 7.6%. Meanwhile, SoftBank Group actually outperformed within the industry, gaining 7.4% in the last week. Over the past 12 months, the industry was up 11%. In the next few years, earnings are forecast to decline by 5.3% annually.

Sector Valuation and Performance

Has the Japanese Telecom Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 26 Mar 2026JP¥90.6tJP¥51.6tJP¥7.3t16.8x12.5x1.8x
Sat, 21 Feb 2026JP¥91.4tJP¥51.6tJP¥7.3t16.5x12.6x1.8x
Mon, 19 Jan 2026JP¥95.8tJP¥50.5tJP¥6.6t18.8x14.4x1.9x
Wed, 17 Dec 2025JP¥96.8tJP¥50.5tJP¥6.6t17.6x14.6x1.9x
Fri, 14 Nov 2025JP¥107.0tJP¥50.4tJP¥6.6t20.3x16.3x2.1x
Sun, 12 Oct 2025JP¥105.5tJP¥49.5tJP¥4.9t20.9x21.6x2.1x
Tue, 09 Sep 2025JP¥100.2tJP¥49.6tJP¥4.9t21.1x20.5x2x
Thu, 07 Aug 2025JP¥94.8tJP¥49.4tJP¥4.4t20.3x21.6x1.9x
Sat, 05 Jul 2025JP¥90.7tJP¥48.8tJP¥4.4t19x20.5x1.9x
Mon, 02 Jun 2025JP¥85.4tJP¥48.9tJP¥4.4t19.2x19.4x1.7x
Wed, 30 Apr 2025JP¥82.4tJP¥48.4tJP¥4.2t19x19.6x1.7x
Fri, 28 Mar 2025JP¥82.3tJP¥48.4tJP¥4.2t19.8x19.5x1.7x
Sun, 23 Feb 2025JP¥83.1tJP¥48.4tJP¥4.2t19.4x19.7x1.7x
Tue, 21 Jan 2025JP¥77.1tJP¥48.1tJP¥5.6t19.1x13.9x1.6x
Thu, 19 Dec 2024JP¥79.6tJP¥48.1tJP¥5.6t18.8x14.3x1.7x
Sat, 16 Nov 2024JP¥76.3tJP¥48.0tJP¥5.6t17.6x13.7x1.6x
Mon, 14 Oct 2024JP¥75.9tJP¥47.7tJP¥3.6t17.4x21.2x1.6x
Wed, 11 Sep 2024JP¥74.7tJP¥47.7tJP¥3.6t17.8x20.9x1.6x
Fri, 09 Aug 2024JP¥70.5tJP¥47.6tJP¥3.6t16.8x19.8x1.5x
Sun, 07 Jul 2024JP¥80.3tJP¥47.3tJP¥3.4t19.1x23.6x1.7x
Tue, 04 Jun 2024JP¥75.3tJP¥47.3tJP¥3.4t18.3x22.2x1.6x
Thu, 02 May 2024JP¥73.3tJP¥47.0tJP¥3.1t19.3x23.8x1.6x
Sat, 30 Mar 2024JP¥77.9tJP¥47.2tJP¥3.1t20.1x25.3x1.7x
Mon, 26 Feb 2024JP¥78.6tJP¥47.2tJP¥3.1t20x25.5x1.7x
Wed, 24 Jan 2024JP¥76.7tJP¥47.0tJP¥1.7t18.7x46.1x1.6x
Fri, 22 Dec 2023JP¥69.8tJP¥47.0tJP¥1.7t17.9x42x1.5x
Sun, 19 Nov 2023JP¥70.9tJP¥47.0tJP¥1.7t17.4x42.6x1.5x
Tue, 17 Oct 2023JP¥69.8tJP¥46.6tJP¥5.6t17.6x12.4x1.5x
Thu, 14 Sep 2023JP¥71.5tJP¥46.6tJP¥5.6t17.9x12.7x1.5x
Sat, 12 Aug 2023JP¥69.5tJP¥46.6tJP¥5.6t17.9x12.3x1.5x
Mon, 10 Jul 2023JP¥69.2tJP¥46.1tJP¥2.9t17.4x24x1.5x
Wed, 07 Jun 2023JP¥68.5tJP¥46.1tJP¥2.9t17.4x23.8x1.5x
Fri, 05 May 2023JP¥66.1tJP¥45.4tJP¥878.9b17.7x75.2x1.5x
Sun, 02 Apr 2023JP¥63.8tJP¥45.3tJP¥875.5b17x72.9x1.4x
Price to Earnings Ratio

72.9x


Total Market Cap: JP¥63.8tTotal Earnings: JP¥875.5bTotal Revenue: JP¥45.3tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Telecom Sector Price to Earnings3Y Average 23.5x202420252026
Current Industry PE
  • Investors are pessimistic on the Japanese Communication Services 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 12.5x which is lower than its 3-year average PE of 23.5x.
  • The industry is trading close to its 3-year average PS ratio of 1.7x.
Past Earnings Growth
  • The earnings for companies in the Communication Services industry have grown 103% per year over the last three years.
  • Revenues for these companies have grown 4.4% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Japanese Telecom sector?

JP Market-1.93%
Telecom-1.02%
Wireless Telecom1.27%
Media1.10%
Telecom Services and Carriers-0.36%
Interactive Media and Services-1.57%
Entertainment-6.02%
Industry PE
  • Investors are most optimistic about the Entertainment industry even though it's trading below its 3-year average PE ratio of 27.2x.
    • Analysts are expecting annual earnings growth of 9.7%, which is lower than the prior year's growth of 16.7% per year.
Forecasted Growth
  • Analysts are most optimistic on the Media industry, expecting annual earnings growth of 17% over the next 5 years.
  • However this is lower than its past earnings growth rate of 26% per year.
  • In contrast, the Wireless Telecom industry is expected to see its earnings decline by 21% 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
9984 SoftBank GroupJP¥3.82k7.4%
+JP¥1.5t		90.6%PE5.9x
9434 SoftBankJP¥219.101.6%
+JP¥170.4b		1.0%PE18.5x
9433 KDDIJP¥2.71k1.6%
+JP¥163.7b		11.2%PE14.5x
9412 SKY Perfect JSAT HoldingsJP¥3.07k9.6%
+JP¥76.5b		164.9%PE39x
9468 KadokawaJP¥3.62k15.6%
+JP¥71.7b		-0.9%PE238.1x

Latest News

4689
JP¥385.60
LY
7D
-3.1%
1Y
-28.2%
4324
JP¥2,703.00
Dentsu Group
7D
-2.4%
1Y
-20.3%
4676
JP¥4,091.00
Fuji Media Holdings
7D
6.0%
1Y
69.3%
9409
JP¥3,590.00
TVhi Holdings
7D
11.0%
1Y
36.5%
9766
JP¥19,320.00
Konami Group
7D
-4.4%
1Y
5.4%
3635
JP¥1,696.50
Koei Tecmo Holdings
7D
-5.5%
1Y
-18.4%
9697
JP¥3,305.00
Capcom
7D
-6.6%
1Y
-14.6%
9433
JP¥2,710.00
KDDI
7D
1.6%
1Y
11.2%
9984
JP¥3,822.00
SoftBank Group
7D
7.4%
1Y
90.6%
9412
JP¥3,070.00
SKY Perfect JSAT Holdings
7D
9.6%
1Y
164.9%
9468
JP¥3,624.00
Kadokawa
7D
15.6%
1Y
-0.9%
9684
JP¥2,491.00
Square Enix Holdings
7D
-2.0%
1Y
6.8%
7974
JP¥8,990.00
Nintendo
7D
-7.6%
1Y
-18.5%
9434
JP¥219.10
SoftBank
7D
1.6%
1Y
1.0%
3659
JP¥2,919.00
NEXON
7D
1.6%
1Y
40.8%

3659: Sector Tailwinds And Shooter Engagement Will Shape Future Upside

Narrative Update on NEXON The updated analyst price target for NEXON moves to ¥3,798 from ¥3,544. Analysts highlight recent rating upgrades and views that sector fundamentals in Japan's gaming sector remain solid as key supports for their revised fair value and profitability assumptions.
5032
JP¥2,900.00
ANYCOLOR
7D
-9.4%
1Y
-14.8%