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Japanese (NIKKEI) Telecom Sector Analysis

UpdatedFeb 08, 2026
DataAggregated Company Financials
Companies296
  • 7D-4.1%
  • 3M-14.8%
  • 1Y11.9%
  • YTD-8.3%

Over the last 7 days, the Telecom industry has dropped 4.1%, driven by a pullback from Nintendo of 16%. On the other hand KDDI is actually up 7.4%. Over the past 12 months, the industry was up 12%. Looking forward, earnings are forecast to decline by 5.0% per year.

Sector Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 08 Feb 2026JP¥91.1tJP¥51.1tJP¥6.7t17.5x13.6x1.8x
Tue, 06 Jan 2026JP¥99.5tJP¥50.5tJP¥6.6t18.4x15x2x
Thu, 04 Dec 2025JP¥97.9tJP¥50.5tJP¥6.6t17.6x14.8x1.9x
Sat, 01 Nov 2025JP¥114.3tJP¥49.6tJP¥4.9t20.7x23.2x2.3x
Mon, 29 Sep 2025JP¥103.4tJP¥49.6tJP¥4.9t21.7x21.2x2.1x
Wed, 27 Aug 2025JP¥98.0tJP¥49.6tJP¥4.9t21x20.1x2x
Fri, 25 Jul 2025JP¥94.0tJP¥48.8tJP¥4.4t20.1x21.3x1.9x
Sun, 22 Jun 2025JP¥87.8tJP¥48.8tJP¥4.4t19.6x19.9x1.8x
Tue, 20 May 2025JP¥84.5tJP¥48.9tJP¥4.4t19.1x19x1.7x
Thu, 17 Apr 2025JP¥79.3tJP¥48.4tJP¥4.2t18.4x18.8x1.6x
Sat, 15 Mar 2025JP¥78.7tJP¥48.4tJP¥4.2t19.3x18.6x1.6x
Mon, 10 Feb 2025JP¥82.3tJP¥48.2tJP¥5.6t19.5x14.7x1.7x
Wed, 08 Jan 2025JP¥78.8tJP¥48.1tJP¥5.6t18.9x14.2x1.6x
Fri, 06 Dec 2024JP¥79.0tJP¥48.1tJP¥5.6t18.5x14.2x1.6x
Sun, 03 Nov 2024JP¥75.4tJP¥47.7tJP¥3.6t17.1x21.1x1.6x
Tue, 01 Oct 2024JP¥74.5tJP¥47.7tJP¥3.6t17.6x20.8x1.6x
Thu, 29 Aug 2024JP¥76.9tJP¥47.7tJP¥3.6t18.3x21.5x1.6x
Sat, 27 Jul 2024JP¥76.2tJP¥47.3tJP¥3.4t18.7x22.3x1.6x
Mon, 24 Jun 2024JP¥75.6tJP¥47.3tJP¥3.4t18.3x22.2x1.6x
Wed, 22 May 2024JP¥72.9tJP¥47.3tJP¥3.4t18.4x21.5x1.5x
Fri, 19 Apr 2024JP¥72.4tJP¥47.0tJP¥3.1t19.1x23.5x1.5x
Sun, 17 Mar 2024JP¥77.1tJP¥47.2tJP¥3.1t19.5x25.1x1.6x
Tue, 13 Feb 2024JP¥77.1tJP¥47.1tJP¥3.1t19.6x24.7x1.6x
Thu, 11 Jan 2024JP¥73.4tJP¥47.0tJP¥1.7t18.5x44.2x1.6x
Sat, 09 Dec 2023JP¥69.8tJP¥47.0tJP¥1.7t18.3x42x1.5x
Mon, 06 Nov 2023JP¥69.9tJP¥46.7tJP¥5.6t17.2x12.4x1.5x
Wed, 04 Oct 2023JP¥69.3tJP¥46.6tJP¥5.6t17.2x12.3x1.5x
Fri, 01 Sep 2023JP¥70.3tJP¥46.6tJP¥5.6t17.8x12.5x1.5x
Sun, 30 Jul 2023JP¥69.8tJP¥46.2tJP¥2.9t17.7x24.3x1.5x
Tue, 27 Jun 2023JP¥69.3tJP¥46.1tJP¥2.9t17.3x23.8x1.5x
Thu, 25 May 2023JP¥66.3tJP¥46.1tJP¥2.9t17.1x23.1x1.4x
Sat, 22 Apr 2023JP¥64.4tJP¥45.4tJP¥872.8b17.5x73.7x1.4x
Mon, 20 Mar 2023JP¥63.4tJP¥45.3tJP¥874.7b16.5x72.4x1.4x
Wed, 15 Feb 2023JP¥64.3tJP¥45.2tJP¥876.1b16.3x73.4x1.4x
Price to Earnings Ratio

73.4x


Total Market Cap: JP¥64.3tTotal Earnings: JP¥876.1bTotal Revenue: JP¥45.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Telecom Sector Price to Earnings3Y Average 26x202420252026
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 13.6x which is lower than its 3-year average PE of 26.1x.
  • 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 97% per year over the last three years.
  • Revenues for these companies have grown 4.2% 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 Market3.36%
Telecom-4.08%
Interactive Media and Services2.50%
Wireless Telecom-1.04%
Telecom Services and Carriers-1.88%
Media-3.54%
Entertainment-11.88%
Industry PE
  • Investors are most optimistic about the Media industry which is trading above its 3-year average PE ratio of 33.6x.
    • Analysts expect its future annual earnings growth (19.1%) to be largely in line with prior year's earnings growth.
  • Investors are most pessimistic about the Wireless Telecom industry, which is trading below its 3-year average of 22.5x.
Forecasted Growth
  • Analysts are most optimistic on the Media industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is roughly in line with its past earnings growth rate.
  • In contrast, the Wireless Telecom industry is expected to see its earnings decline by 20% 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
9433 KDDIJP¥2.80k7.4%
+JP¥732.9b		14.9%PE15x
9434 SoftBankJP¥214.202.5%
+JP¥248.7b		7.2%PE18.9x
4689 LYJP¥423.206.7%
+JP¥182.2b		-14.8%PE13.9x
9412 SKY Perfect JSAT HoldingsJP¥2.57k15.2%
+JP¥96.4b		136.5%PE32.6x
4816 Toei AnimationLtdJP¥2.64k3.0%
+JP¥15.7b		-17.4%PE21.9x

Latest News

9432
JP¥152.50
NTT
7D
-1.5%
1Y
3.8%

Results: NTT, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts

Feb 08
Results: NTT, Inc. Beat Earnings Expectations And Analysts Now Have New Forecasts
4689
JP¥423.20
LY
7D
6.7%
1Y
-14.8%

Here's What Analysts Are Forecasting For LY Corporation (TSE:4689) After Its Third-Quarter Results

Feb 08
Here's What Analysts Are Forecasting For LY Corporation (TSE:4689) After Its Third-Quarter Results
9684
JP¥2,715.00
Square Enix Holdings
7D
1.5%
1Y
19.8%

Results: Square Enix Holdings Co., Ltd. Exceeded Expectations And The Consensus Has Updated Its Estimates

Feb 08
Results: Square Enix Holdings Co., Ltd. Exceeded Expectations And The Consensus Has Updated Its Estimates
9401
JP¥5,560.00
TBS HoldingsInc
7D
-7.2%
1Y
30.8%

TBS Holdings,Inc. (TSE:9401) Just Released Its Third-Quarter Earnings: Here's What Analysts Think

Feb 07
TBS Holdings,Inc. (TSE:9401) Just Released Its Third-Quarter Earnings: Here's What Analysts Think
2432
JP¥2,628.00
DeNA
7D
3.8%
1Y
-13.3%
4751
JP¥1,248.50
CyberAgent
7D
-10.9%
1Y
6.8%
9412
JP¥2,571.00
SKY Perfect JSAT Holdings
7D
15.2%
1Y
136.5%

Earnings Update: Here's Why Analysts Just Lifted Their SKY Perfect JSAT Holdings Inc. (TSE:9412) Price Target To JP¥2,760

Feb 06
Earnings Update: Here's Why Analysts Just Lifted Their SKY Perfect JSAT Holdings Inc. (TSE:9412) Price Target To JP¥2,760
7974
JP¥8,441.00
Nintendo
7D
-16.1%
1Y
-21.9%

Nintendo Co., Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions

Feb 06
Nintendo Co., Ltd. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
9766
JP¥17,880.00
Konami Group
7D
-20.4%
1Y
-3.1%
4676
JP¥3,466.00
Fuji Media Holdings
7D
-11.0%
1Y
37.8%
9697
JP¥3,044.00
Capcom
7D
-22.7%
1Y
-19.6%
9984
JP¥3,999.00
SoftBank Group
7D
-6.0%
1Y
65.2%

9984: Future OpenAI Commitments Will Increase Downside Risk From Execution Missteps

Analysts have lifted their fair value estimate for SoftBank Group to ¥3,498.93 from ¥3,029.36, citing updated assumptions for slightly higher revenue growth, a lower profit margin, and a higher future P/E multiple. Analyst Commentary While the revised fair value estimate for SoftBank Group reflects updated assumptions on growth, margins, and the future P/E multiple, some bearish analysts remain cautious about the risk and reward trade off at current levels.
4816
JP¥2,642.00
Toei AnimationLtd
7D
3.0%
1Y
-17.4%
9433
JP¥2,799.00
KDDI
7D
7.4%
1Y
14.9%

9433: Future Margins And Capital Returns Will Balance Probes And Business Reshaping

Analysts have nudged their price target on KDDI higher to ¥2,812 from ¥2,794, citing small adjustments to fair value estimates, revenue growth assumptions, profit margins, and future P/E expectations. What's in the News Board meeting scheduled for January 14, 2026 to review suspicions of inappropriate transactions at consolidated subsidiaries and to establish a Special Investigation Committee (company announcement).
9434
JP¥214.20
SoftBank
7D
2.5%
1Y
7.2%

SoftBank's (TSE:9434) Dividend Will Be ¥4.30

Jan 21
SoftBank's (TSE:9434) Dividend Will Be ¥4.30
4784
JP¥759.00
GMO internet
7D
4.7%
1Y
-28.1%

These 4 Measures Indicate That GMO internet (TSE:4784) Is Using Debt Safely

Jan 16
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