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Japanese (NIKKEI) Media Industry Analysis

UpdatedNov 26, 2021
DataAggregated Company Financials
Companies103
  • 7D-2.3%
  • 3M3.6%
  • 1Y14.1%
  • YTD18.0%

Over the last 7 days, the Media industry has dropped 1.6%, driven by declines in Dentsu Group and Hakuhodo DY Holdings of 6.1% and 8.6%, respectively. Meanwhile, CyberAgent actually outperformed within the industry, gaining 8.5% in the last week. This takes the industry's 12 month performance to a gain of 23%.

Industry Valuation and Performance

Has the Japanese Media Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Fri, 26 Nov 2021JP¥6.1tJP¥6.5tJP¥231.8b18x
Sun, 24 Oct 2021JP¥6.1tJP¥6.4tJP¥112.6b20.2x
Tue, 21 Sep 2021JP¥6.4tJP¥6.4tJP¥106.2b20.3x
Thu, 19 Aug 2021JP¥5.7tJP¥6.5tJP¥106.9b16.8x
Thu, 03 Jun 2021JP¥5.9tJP¥6.4tJP¥17.2b24.2x
Sun, 07 Mar 2021JP¥5.6tJP¥6.3tJP¥48.6b22.4x
Wed, 09 Dec 2020JP¥5.2tJP¥6.3tJP¥103.7b25.5x
Tue, 01 Sep 2020JP¥4.6tJP¥6.5tJP¥145.9b21.3x
Fri, 05 Jun 2020JP¥4.5tJP¥6.8tJP¥188.0b14.7x
Mon, 09 Mar 2020JP¥4.2tJP¥6.8tJP¥154.7b15.4x
Sun, 01 Dec 2019JP¥5.1tJP¥6.8tJP¥249.7b20.5x
Wed, 04 Sep 2019JP¥4.9tJP¥6.8tJP¥287.6b18.4x
Sat, 08 Jun 2019JP¥5.0tJP¥6.7tJP¥285.3b16.3x
Fri, 01 Mar 2019JP¥5.5tJP¥6.6tJP¥296.6b17.7x
Mon, 03 Dec 2018JP¥5.9tJP¥6.4tJP¥335.2b17.6x
PE Ratio

17.6x

Total Market Cap: JP¥5.9tTotal Earnings: JP¥335.2bTotal Revenue: JP¥6.4t0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 19.5x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Media industry have declined 12% per year over the last three years, while revenues have remained mostly flat. This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Japanese Media industry?

Cable and Satellite0.71%
Publishing-1.83%
Broadcasting-2.23%
Advertising-2.57%

Industry PE: Investors are most optimistic about the Advertising industry, which is trading close to its 3-year average PE ratio of 21.6x. However analysts are expecting annual earnings growth of 7.3%, which is lower than the prior year's growth of 57% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Cable and Satellite industry, which is trading below its 3-year average of 11.5x.

Forecasted Growth: Analysts are most optimistic on the Publishing industry, expecting annual earnings growth of 17% over the next 5 years. However this is lower than its past earnings growth rate of 45% per year. Meanwhile, the Cable and Satellite industry is expected to see its earnings grow by 3.0% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company7D1YValuation
3978 Macromill3.4%+JP¥1.2b40.5%PE12x
7036 eMnet Japan.co.ltd5.1%+JP¥707.6m228.6%PE52.5x
3560 Hobonichi4.4%+JP¥336.4m-14.5%PE40.5x
2467 VLC Holdings7.0%+JP¥223.3m16.0%PS2x
3658 eBOOK Initiative JapanLtd0.4%+JP¥168.1m60.7%n/a
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