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Japanese (NIKKEI) Telecom Services and Carriers Industry Analysis

UpdatedMar 11, 2026
DataAggregated Company Financials
Companies20
  • 7D1.4%
  • 3M-1.8%
  • 1Y4.2%
  • YTD-3.9%

In the last week, the Telecom Services and Carriers industry is up 1.4%, with NTT up 1.3%. This means that the industry has gained 4.2% over the past year. Looking forward, earnings are forecast to grow by 5.6% annually.

Industry Valuation and Performance

Has the Japanese Telecom Services and Carriers Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Wed, 11 Mar 2026JP¥13.6tJP¥15.1tJP¥1.1t13.6x12x0.9x
Fri, 06 Feb 2026JP¥13.6tJP¥14.9tJP¥1.1t15.4x12.4x0.9x
Sun, 04 Jan 2026JP¥14.0tJP¥14.9tJP¥1.1t14.2x12.8x0.9x
Tue, 02 Dec 2025JP¥14.0tJP¥14.9tJP¥1.1t14.2x12.7x0.9x
Thu, 30 Oct 2025JP¥14.2tJP¥14.7tJP¥1.0t15.4x13.7x1x
Sat, 27 Sep 2025JP¥14.3tJP¥14.7tJP¥1.0t14.1x13.8x1x
Mon, 25 Aug 2025JP¥14.7tJP¥14.7tJP¥1.0t13.7x14.1x1x
Wed, 23 Jul 2025JP¥13.5tJP¥14.6tJP¥1.0t12.3x12.9x0.9x
Fri, 20 Jun 2025JP¥13.9tJP¥14.6tJP¥1.0t13.8x13.3x1x
Sun, 18 May 2025JP¥13.8tJP¥14.6tJP¥1.1t13.1x13.2x0.9x
Tue, 15 Apr 2025JP¥13.3tJP¥14.6tJP¥1.2t14.2x11.3x0.9x
Thu, 13 Mar 2025JP¥13.2tJP¥14.6tJP¥1.2t14x11.3x0.9x
Sat, 08 Feb 2025JP¥13.3tJP¥14.5tJP¥1.2t13.8x11x0.9x
Mon, 06 Jan 2025JP¥14.4tJP¥14.5tJP¥1.2t11.8x11.8x1x
Wed, 04 Dec 2024JP¥14.3tJP¥14.5tJP¥1.2t12.3x11.8x1x
Fri, 01 Nov 2024JP¥13.5tJP¥14.4tJP¥1.2t12.5x11.1x0.9x
Sun, 29 Sep 2024JP¥13.8tJP¥14.4tJP¥1.2t14.1x11.3x1x
Tue, 27 Aug 2024JP¥14.0tJP¥14.4tJP¥1.2t15x11.4x1x
Thu, 25 Jul 2024JP¥14.4tJP¥14.2tJP¥1.3t16x10.8x1x
Sat, 22 Jun 2024JP¥13.3tJP¥14.2tJP¥1.3t14.2x10.1x0.9x
Mon, 20 May 2024JP¥13.8tJP¥14.2tJP¥1.3t15x10.3x1x
Wed, 17 Apr 2024JP¥15.8tJP¥14.1tJP¥1.2t14.5x12.7x1.1x
Fri, 15 Mar 2024JP¥16.4tJP¥14.1tJP¥1.2t15.5x13.3x1.2x
Sun, 11 Feb 2024JP¥16.3tJP¥14.1tJP¥1.2t12.7x13.2x1.2x
Tue, 09 Jan 2024JP¥15.8tJP¥14.1tJP¥1.2t12.2x12.8x1.1x
Thu, 07 Dec 2023JP¥15.8tJP¥14.0tJP¥1.2t12.5x12.8x1.1x
Sat, 04 Nov 2023JP¥16.2tJP¥14.0tJP¥1.3t13.3x12.8x1.2x
Mon, 02 Oct 2023JP¥16.1tJP¥14.0tJP¥1.3t13.8x12.7x1.2x
Wed, 30 Aug 2023JP¥15.3tJP¥14.0tJP¥1.3t13.8x12.1x1.1x
Fri, 28 Jul 2023JP¥14.9tJP¥13.9tJP¥1.3t13.7x11.8x1.1x
Sun, 25 Jun 2023JP¥15.3tJP¥13.9tJP¥1.3t15.3x12.1x1.1x
Tue, 23 May 2023JP¥15.3tJP¥13.9tJP¥1.3t16.9x12.1x1.1x
Thu, 20 Apr 2023JP¥14.9tJP¥13.6tJP¥1.2t17.8x12.2x1.1x
Sat, 18 Mar 2023JP¥14.8tJP¥13.6tJP¥1.2t16.5x12.1x1.1x
Price to Earnings Ratio

12.1x


Total Market Cap: JP¥14.8tTotal Earnings: JP¥1.2tTotal Revenue: JP¥13.6tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Telecom Services and Carriers Industry Price to Earnings3Y Average 12.2x202420252026
Current Industry PE
  • Investors are relatively neutral on the Japanese Telecom industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 12.2x.
  • The 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.90x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 2.5% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.6% per year.
  • This means that although more sales are being generated, 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 Telecom industry?

JP Market-2.75%
Telecom-0.33%
Telecom Services and Carriers1.45%
Alternative Carriers2.90%
Integrated Telecom Services1.40%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry, which is trading close to its 3-year average PE ratio of 19.5x.
    • Analysts are expecting annual earnings growth of 10.1%, which is lower than the prior year's growth of 16.8% per year.
  • Investors are most pessimistic about the Integrated Telecom Services industry, which is trading close to its 3-year average of 12.1x.
Forecasted Growth
  • Analysts are most optimistic on the Alternative Carriers industry, expecting annual earnings growth of 10% over the next 5 years.
  • However this is lower than its past earnings growth rate of 17% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 5.4% 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
9432 NTTJP¥155.402.8%
+JP¥342.0b		5.2%PE11.8x
3774 Internet Initiative JapanJP¥2.29k4.0%
+JP¥15.6b		-10.1%PE18.1x
9418 U-NEXT HOLDINGSLtdJP¥1.79k2.0%
+JP¥6.3b		6.3%PE17.6x
4390 IPSJP¥3.40k13.9%
+JP¥5.4b		55.2%PE15.6x
3843 FreeBitJP¥1.60k5.2%
+JP¥1.7b		9.4%PE10.8x

Latest News

9432
JP¥155.40
NTT
7D
2.8%
1Y
5.2%

9432: Reset Margins And Photonics Expansion Will Support Future Re Rating

Analysts have trimmed their price target on NTT by about ¥1 to roughly ¥176 as they factor in updated views on discount rates, profit margins, revenue growth and future P/E multiples following a recent downgrade at Deutsche Bank. Analyst Commentary Recent research points to a more balanced view on NTT, with the trimmed price target reflecting both confidence in parts of the business and caution around execution and valuation.
9418
JP¥1,791.00
U-NEXT HOLDINGSLtd
7D
2.0%
1Y
6.3%
4439
JP¥1,022.00
ToumeiLtd
7D
2.1%
1Y
-11.6%
9416
JP¥1,212.00
Vision
7D
1.4%
1Y
4.3%
4415
JP¥1,375.00
Broad EnterpriseLtd
7D
11.2%
1Y
85.8%

We Think That There Are Some Issues For Broad EnterpriseLtd (TSE:4415) Beyond Its Promising Earnings

Feb 16
We Think That There Are Some Issues For Broad EnterpriseLtd (TSE:4415) Beyond Its Promising Earnings
3774
JP¥2,288.50
Internet Initiative Japan
7D
4.0%
1Y
-10.1%

Internet Initiative Japan Inc. Just Missed EPS By 14%: Here's What Analysts Think Will Happen Next

Feb 10
Internet Initiative Japan Inc. Just Missed EPS By 14%: Here's What Analysts Think Will Happen Next
4390
JP¥3,400.00
IPS
7D
13.9%
1Y
55.2%
3843
JP¥1,602.00
FreeBit
7D
5.2%
1Y
9.4%

FreeBit (TSE:3843) Has Announced That It Will Be Increasing Its Dividend To ¥41.00

Feb 06
FreeBit (TSE:3843) Has Announced That It Will Be Increasing Its Dividend To ¥41.00