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Japanese (NIKKEI) Telecom Sector Analysis

UpdatedJun 27, 2026
DataAggregated Company Financials
Companies292
  • 7D-6.1%
  • 3M6.4%
  • 1Y8.5%
  • YTD-1.4%

Over the last 7 days, the Telecom industry has dropped 6.1%, driven by a pullback from SoftBank Group of 12%. This takes the industry's 12 month performance to a gain of 8.5%. Looking forward, earnings are forecast to decline by 13% per year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 27 Jun 2026JP¥97.8tJP¥52.7tJP¥8.6t14.3x11.3x1.9x
Mon, 25 May 2026JP¥104.8tJP¥52.7tJP¥8.6t14.9x12.2x2x
Wed, 22 Apr 2026JP¥97.5tJP¥51.6tJP¥7.2t17.1x13.5x1.9x
Fri, 20 Mar 2026JP¥89.7tJP¥51.6tJP¥7.3t16.6x12.3x1.7x
Sun, 15 Feb 2026JP¥92.5tJP¥51.5tJP¥7.3t17.6x12.7x1.8x
Tue, 13 Jan 2026JP¥96.9tJP¥50.5tJP¥6.6t18.6x14.6x1.9x
Thu, 11 Dec 2025JP¥100.4tJP¥50.4tJP¥6.6t17.9x15.1x2x
Sat, 08 Nov 2025JP¥107.3tJP¥50.3tJP¥5.2t20.1x20.6x2.1x
Mon, 06 Oct 2025JP¥102.7tJP¥49.5tJP¥4.9t21x21x2.1x
Wed, 03 Sep 2025JP¥99.3tJP¥49.6tJP¥4.9t21.2x20.3x2x
Fri, 01 Aug 2025JP¥92.2tJP¥48.8tJP¥4.4t20x20.9x1.9x
Sun, 29 Jun 2025JP¥90.8tJP¥48.8tJP¥4.4t19.5x20.6x1.9x
Tue, 27 May 2025JP¥85.1tJP¥48.9tJP¥4.4t19x19.3x1.7x
Thu, 24 Apr 2025JP¥81.3tJP¥48.4tJP¥4.2t19x19.3x1.7x
Sat, 22 Mar 2025JP¥80.9tJP¥48.4tJP¥4.2t19.1x19.2x1.7x
Mon, 17 Feb 2025JP¥83.8tJP¥48.4tJP¥4.2t19.7x19.9x1.7x
Wed, 15 Jan 2025JP¥77.2tJP¥47.5tJP¥5.5t18.9x13.9x1.6x
Fri, 13 Dec 2024JP¥79.9tJP¥48.1tJP¥5.6t18.4x14.4x1.7x
Sun, 10 Nov 2024JP¥77.0tJP¥47.9tJP¥3.5t17.4x22.3x1.6x
Tue, 08 Oct 2024JP¥76.5tJP¥47.7tJP¥3.6t17.9x21.4x1.6x
Thu, 05 Sep 2024JP¥75.1tJP¥47.7tJP¥3.6t18x21x1.6x
Sat, 03 Aug 2024JP¥72.1tJP¥47.3tJP¥3.4t17.2x21.1x1.5x
Mon, 01 Jul 2024JP¥77.5tJP¥47.3tJP¥3.4t19x22.7x1.6x
Wed, 29 May 2024JP¥73.4tJP¥47.3tJP¥3.4t18.2x21.6x1.6x
Fri, 26 Apr 2024JP¥72.2tJP¥47.0tJP¥3.1t18.8x23.4x1.5x
Sun, 24 Mar 2024JP¥80.0tJP¥47.2tJP¥3.1t19.8x26x1.7x
Tue, 20 Feb 2024JP¥78.1tJP¥47.1tJP¥3.1t20.2x25.4x1.7x
Thu, 18 Jan 2024JP¥75.5tJP¥47.0tJP¥1.7t18.2x45.4x1.6x
Sat, 16 Dec 2023JP¥69.8tJP¥47.0tJP¥1.7t18x42x1.5x
Mon, 13 Nov 2023JP¥70.7tJP¥47.0tJP¥1.7t17.6x41.5x1.5x
Wed, 11 Oct 2023JP¥70.0tJP¥46.6tJP¥5.6t17.6x12.4x1.5x
Fri, 08 Sep 2023JP¥71.2tJP¥46.6tJP¥5.6t17.9x12.7x1.5x
Sun, 06 Aug 2023JP¥68.8tJP¥46.4tJP¥3.0t17.6x23.3x1.5x
Tue, 04 Jul 2023JP¥71.0tJP¥46.1tJP¥2.9t17.7x24.6x1.5x
Price to Earnings Ratio

24.6x


Total Market Cap: JP¥71.0tTotal Earnings: JP¥2.9tTotal Revenue: JP¥46.1tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Telecom Sector Price to Earnings3Y Average 20.4x202420252026
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 11.3x which is lower than its 3-year average PE of 20.4x.
  • 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 44% per year over the last three years.
  • Revenues for these companies have grown 4.6% 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-2.31%
Telecom-6.09%
Telecom Services and Carriers0.07%
Interactive Media and Services-0.48%
Entertainment-3.20%
Media-3.65%
Wireless Telecom-8.92%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 52.0x.
    • Analysts are expecting annual earnings growth of 16.0%, which is lower than the prior year's growth of 30.0% per year.
  • Investors are most pessimistic about the Wireless Telecom industry, which is trading below its 3-year average of 20.0x.
Forecasted Growth
  • Analysts are most optimistic on the Media industry, expecting annual earnings growth of 16% over the next 5 years.
  • However this is lower than its past earnings growth rate of 30% per year.
  • In contrast, the Wireless Telecom industry is expected to see its earnings decline by 27% 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
9697 CapcomJP¥2.95k4.9%
+JP¥57.5b		-39.6%PE22.6x
3774 Internet Initiative JapanJP¥3.12k4.2%
+JP¥22.3b		10.4%PE22.9x
3635 Koei Tecmo HoldingsJP¥1.51k4.2%
+JP¥20.2b		-36.1%PE11.8x
4324 Dentsu GroupJP¥3.05k2.6%
+JP¥20.0b		-4.3%PS0.5x
9602 TohoJP¥1.26k1.7%
+JP¥17.1b		-22.9%PE20.3x

Latest News

9468
JP¥3,359.00
Kadokawa
7D
2.5%
1Y
-16.6%
9684
JP¥2,344.50
Square Enix Holdings
7D
-3.9%
1Y
-34.9%
9401
JP¥5,996.00
TBS HoldingsInc
7D
-3.8%
1Y
18.2%
9412
JP¥2,485.00
SKY Perfect JSAT
7D
-22.3%
1Y
73.8%
9433
JP¥2,681.00
KDDI
7D
-1.5%
1Y
9.9%
3659
JP¥2,136.50
NEXON
7D
-4.0%
1Y
-25.4%
4324
JP¥3,053.00
Dentsu Group
7D
2.6%
1Y
-4.3%
3635
JP¥1,507.50
Koei Tecmo Holdings
7D
4.2%
1Y
-36.1%
2432
JP¥2,405.50
DeNA
7D
2.2%
1Y
-10.0%
Narrative Update • Jun 25

2432: Share Buyback And Dividend Policy Will Support Future Upside

Analysts kept their fair value estimate for DeNA steady at ¥2,975, while slightly adjusting assumptions around discount rate, revenue growth, profit margin and future P/E to reflect updated views on the company’s earnings mix and risk profile. What’s in the News for DeNA DeNA proposed a year end dividend of ¥66.00 per share for the fiscal year ended March 31, 2026, compared with ¥65.00 per share paid a year earlier.
9697
JP¥2,947.50
Capcom
7D
4.9%
1Y
-39.6%
Narrative Update • Jun 24

9697: Horror IP Pipeline And New Console Cycle Will Support Margins

Analysts updated their Capcom view with a slightly lower fair value estimate of ¥4,236 from ¥4,336, aligning this with a revised Street price target of ¥3,600 from ¥3,700, as they highlight improved profit growth prospects despite the recent share selloff. What’s in the News for Capcom Capcom announced Dragon’s Dogma 2: Dark Arisen, a paid expansion for Dragon’s Dogma 2, scheduled for release on October 9, 2026, with a combined package for Nintendo Switch 2 as part of its multi platform rollout.
9984
JP¥6,226.00
SoftBank Group
7D
-12.4%
1Y
147.1%
3774
JP¥3,124.00
Internet Initiative Japan
7D
4.2%
1Y
10.4%
7974
JP¥6,589.00
Nintendo
7D
-6.9%
1Y
-51.7%
9602
JP¥1,262.00
Toho
7D
1.7%
1Y
-22.9%
9434
JP¥204.70
SoftBank
7D
-2.8%
1Y
-6.4%
2433
JP¥1,115.00
Hakuhodo DY Holdings
7D
2.1%
1Y
-5.6%