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Japanese (NIKKEI) Telecom Services and Carriers Industry Analysis

UpdatedFeb 24, 2026
DataAggregated Company Financials
Companies20
  • 7D-1.2%
  • 3M-3.7%
  • 1Y2.4%
  • YTD-5.7%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 2.1%, driven by a pullback from NTT of 2.3%. As for the longer term, the industry's performance has been flat for the past year. Looking forward, earnings are forecast to grow by 5.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Tue, 24 Feb 2026JP¥13.3tJP¥15.1tJP¥1.1t14.4x11.7x0.9x
Thu, 22 Jan 2026JP¥13.9tJP¥14.9tJP¥1.1t15.2x12.7x0.9x
Sat, 20 Dec 2025JP¥14.0tJP¥14.9tJP¥1.1t13.7x12.7x0.9x
Mon, 17 Nov 2025JP¥13.6tJP¥14.9tJP¥1.1t15.3x12.4x0.9x
Wed, 15 Oct 2025JP¥13.7tJP¥14.7tJP¥1.0t15.3x13.2x0.9x
Fri, 12 Sep 2025JP¥14.5tJP¥14.7tJP¥1.0t13.6x14x1x
Sun, 10 Aug 2025JP¥14.4tJP¥14.7tJP¥1.0t13.9x13.9x1x
Tue, 08 Jul 2025JP¥14.0tJP¥14.6tJP¥1.0t13.3x13.3x1x
Thu, 05 Jun 2025JP¥14.3tJP¥14.6tJP¥1.0t13.2x13.6x1x
Sat, 03 May 2025JP¥13.6tJP¥14.6tJP¥1.2t13.4x11.6x0.9x
Mon, 31 Mar 2025JP¥13.2tJP¥14.6tJP¥1.2t14x11.3x0.9x
Wed, 26 Feb 2025JP¥13.2tJP¥14.6tJP¥1.2t14.4x11.3x0.9x
Fri, 24 Jan 2025JP¥13.6tJP¥14.5tJP¥1.2t12.3x11.2x0.9x
Sun, 22 Dec 2024JP¥14.1tJP¥14.5tJP¥1.2t11.6x11.7x1x
Tue, 19 Nov 2024JP¥14.2tJP¥14.5tJP¥1.2t12x11.7x1x
Thu, 17 Oct 2024JP¥13.6tJP¥14.4tJP¥1.2t14.2x11.1x0.9x
Sat, 14 Sep 2024JP¥13.7tJP¥14.4tJP¥1.2t13.9x11.2x1x
Mon, 12 Aug 2024JP¥13.3tJP¥14.4tJP¥1.2t14.9x10.8x0.9x
Wed, 10 Jul 2024JP¥14.0tJP¥14.2tJP¥1.3t14.9x10.5x1x
Fri, 07 Jun 2024JP¥13.7tJP¥14.2tJP¥1.3t14x10.3x1x
Sun, 05 May 2024JP¥15.4tJP¥14.1tJP¥1.2t15.1x12.4x1.1x
Tue, 02 Apr 2024JP¥16.0tJP¥14.1tJP¥1.2t15.6x12.9x1.1x
Thu, 29 Feb 2024JP¥16.6tJP¥14.1tJP¥1.2t14.8x13.4x1.2x
Sat, 27 Jan 2024JP¥16.6tJP¥14.1tJP¥1.2t12.8x13.4x1.2x
Mon, 25 Dec 2023JP¥15.7tJP¥14.1tJP¥1.2t12x12.7x1.1x
Wed, 22 Nov 2023JP¥15.9tJP¥14.0tJP¥1.2t12.4x12.9x1.1x
Fri, 20 Oct 2023JP¥15.8tJP¥14.0tJP¥1.3t13.3x12.5x1.1x
Sun, 17 Sep 2023JP¥16.4tJP¥14.0tJP¥1.3t13.7x12.9x1.2x
Tue, 15 Aug 2023JP¥15.2tJP¥14.0tJP¥1.3t14x12x1.1x
Thu, 13 Jul 2023JP¥15.1tJP¥13.9tJP¥1.3t14.3x12x1.1x
Sat, 10 Jun 2023JP¥15.3tJP¥13.9tJP¥1.3t15.9x12.1x1.1x
Mon, 08 May 2023JP¥15.4tJP¥13.6tJP¥1.2t18.7x12.6x1.1x
Wed, 05 Apr 2023JP¥14.7tJP¥13.6tJP¥1.2t17.2x12x1.1x
Fri, 03 Mar 2023JP¥14.5tJP¥13.6tJP¥1.2t16.7x11.8x1.1x
Price to Earnings Ratio

11.8x


Total Market Cap: JP¥14.5tTotal 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 0.88x.
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 Market1.07%
Telecom-1.46%
Telecom Services and Carriers-1.18%
Alternative Carriers-0.20%
Integrated Telecom Services-1.22%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry, which is trading close to its 3-year average PE ratio of 19.4x.
    • Analysts are expecting annual earnings growth of 10.0%, 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 5.6% 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
3774 Internet Initiative JapanJP¥2.24k2.7%
+JP¥10.5b		-11.8%PE17.7x
9416 VisionJP¥1.29k4.2%
+JP¥2.6b		10.1%PE14x
332A MEEQJP¥1.31k2.8%
+JP¥410.0m		n/aPE15.9x
4415 Broad EnterpriseLtdJP¥1.39k4.3%
+JP¥356.4m		67.7%PE20.6x
9445 Forval TelecomIncJP¥589.001.9%
+JP¥184.3m		25.6%PE10.5x

Latest News

9432
JP¥151.00
NTT
7D
-1.4%
1Y
2.8%

9432: Deutsche Bank Downgrade And Guidance Reset Will Shape Future Risk Balance

Analysts have trimmed their price target on NTT from ¥150.00 to ¥146.00, reflecting updated views on discount rates, revenue growth, profit margins, and future P/E assumptions following recent research, including the latest downgrade at Deutsche Bank. Analyst Commentary Bearish analysts are signaling a more cautious stance on NTT, with the latest price target move from ¥150.00 to ¥146.00 aligning with a broader focus on risks around valuation, growth, and execution.
9417
JP¥334.00
Smartvalue
7D
-6.4%
1Y
-6.2%
9418
JP¥1,839.00
U-NEXT HOLDINGSLtd
7D
-0.05%
1Y
2.7%
4439
JP¥1,090.00
ToumeiLtd
7D
0.3%
1Y
-6.0%
5571
JP¥1,084.00
Excite Holdings
7D
-3.0%
1Y
-2.9%

Excite Holdings Co., Ltd. (TSE:5571) Might Not Be As Mispriced As It Looks

Feb 16
Excite Holdings Co., Ltd. (TSE:5571) Might Not Be As Mispriced As It Looks
9416
JP¥1,291.00
Vision
7D
4.2%
1Y
10.1%
332A
JP¥1,307.00
MEEQ
7D
2.8%
1Y
n/a
9450
JP¥685.00
Fibergate
7D
0.3%
1Y
-31.8%
4415
JP¥1,392.00
Broad EnterpriseLtd
7D
4.3%
1Y
67.7%

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
9445
JP¥589.00
Forval TelecomInc
7D
1.9%
1Y
25.6%
3774
JP¥2,238.00
Internet Initiative Japan
7D
2.7%
1Y
-11.8%

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¥3,145.00
IPS
7D
-2.2%
1Y
32.1%
3843
JP¥1,548.00
FreeBit
7D
-0.8%
1Y
1.9%

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
4347
JP¥2,085.00
Broadmedia
7D
-1.7%
1Y
22.0%
3681
JP¥138.00
V-cube
7D
-6.8%
1Y
-43.0%

V-cube, Inc.'s (TSE:3681) Price Is Right But Growth Is Lacking After Shares Rocket 39%

Jan 17
V-cube, Inc.'s (TSE:3681) Price Is Right But Growth Is Lacking After Shares Rocket 39%
5580
JP¥1,710.00
ProdelightLtd
7D
0.4%
1Y
64.0%