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Japanese (NIKKEI) Telecom Services and Carriers Industry Analysis

UpdatedMar 22, 2026
DataAggregated Company Financials
Companies20
  • 7D2.3%
  • 3M-0.02%
  • 1Y5.8%
  • YTD-1.4%

Over the last 7 days, the Telecom Services and Carriers industry has risen 2.3%, driven by gains from NTT of 2.5%. This means that the industry has gained 5.8% over the past year. Earnings are forecast to grow by 5.5% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 22 Mar 2026JP¥13.9tJP¥15.1tJP¥1.1t12.9x12.3x0.9x
Tue, 17 Feb 2026JP¥13.6tJP¥15.1tJP¥1.1t14.5x12x0.9x
Thu, 15 Jan 2026JP¥14.1tJP¥14.9tJP¥1.1t13.9x12.8x0.9x
Sat, 13 Dec 2025JP¥13.9tJP¥14.9tJP¥1.1t13.5x12.7x0.9x
Mon, 10 Nov 2025JP¥13.6tJP¥14.9tJP¥1.1t13.8x12.4x0.9x
Wed, 08 Oct 2025JP¥13.9tJP¥14.7tJP¥1.0t15x13.4x0.9x
Fri, 05 Sep 2025JP¥14.3tJP¥14.7tJP¥1.0t13.4x13.8x1x
Sun, 03 Aug 2025JP¥14.0tJP¥14.6tJP¥1.0t13.4x13.4x1x
Tue, 01 Jul 2025JP¥13.9tJP¥14.6tJP¥1.0t13.6x13.3x1x
Thu, 29 May 2025JP¥14.0tJP¥14.6tJP¥1.0t12.9x13.3x1x
Sat, 26 Apr 2025JP¥13.3tJP¥14.6tJP¥1.2t13.5x11.3x0.9x
Mon, 24 Mar 2025JP¥13.4tJP¥14.6tJP¥1.2t14.2x11.4x0.9x
Wed, 19 Feb 2025JP¥13.4tJP¥14.6tJP¥1.2t14.7x11.4x0.9x
Fri, 17 Jan 2025JP¥13.8tJP¥14.5tJP¥1.2t12.1x11.4x1x
Sun, 15 Dec 2024JP¥14.1tJP¥14.5tJP¥1.2t11.9x11.6x1x
Tue, 12 Nov 2024JP¥13.8tJP¥14.5tJP¥1.2t12.9x11.4x1x
Thu, 10 Oct 2024JP¥13.7tJP¥14.4tJP¥1.2t13.8x11.2x1x
Sat, 07 Sep 2024JP¥14.3tJP¥14.4tJP¥1.2t14.2x11.6x1x
Mon, 05 Aug 2024JP¥13.8tJP¥14.2tJP¥1.3t14.5x10.4x1x
Wed, 03 Jul 2024JP¥14.1tJP¥14.2tJP¥1.3t14.9x10.7x1x
Fri, 31 May 2024JP¥13.7tJP¥14.2tJP¥1.3t14x10.4x1x
Sun, 28 Apr 2024JP¥15.2tJP¥14.1tJP¥1.2t15x12.2x1.1x
Tue, 26 Mar 2024JP¥16.5tJP¥14.1tJP¥1.2t16.6x13.4x1.2x
Thu, 22 Feb 2024JP¥16.4tJP¥14.1tJP¥1.2t13.7x13.3x1.2x
Sat, 20 Jan 2024JP¥17.0tJP¥14.1tJP¥1.2t12.5x13.7x1.2x
Mon, 18 Dec 2023JP¥15.5tJP¥14.1tJP¥1.2t12.2x12.5x1.1x
Wed, 15 Nov 2023JP¥15.9tJP¥14.0tJP¥1.2t11.7x12.9x1.1x
Fri, 13 Oct 2023JP¥16.0tJP¥14.0tJP¥1.3t13.4x12.6x1.1x
Sun, 10 Sep 2023JP¥15.7tJP¥14.0tJP¥1.3t14x12.4x1.1x
Tue, 08 Aug 2023JP¥14.8tJP¥13.9tJP¥1.3t16.3x11.8x1.1x
Thu, 06 Jul 2023JP¥15.6tJP¥13.9tJP¥1.3t14.8x12.4x1.1x
Sat, 03 Jun 2023JP¥15.0tJP¥13.9tJP¥1.3t15.8x11.9x1.1x
Mon, 01 May 2023JP¥15.3tJP¥13.6tJP¥1.2t18.9x12.5x1.1x
Wed, 29 Mar 2023JP¥14.7tJP¥13.6tJP¥1.2t16.4x12x1.1x
Price to Earnings Ratio

12x


Total Market Cap: JP¥14.7tTotal 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 industry is trading close to its 3-year average PS ratio of 1.0x.
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-0.63%
Telecom-0.65%
Telecom Services and Carriers2.32%
Integrated Telecom Services2.52%
Alternative Carriers-3.95%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry even though it's trading below its 3-year average PE ratio of 19.5x.
    • Analysts are expecting annual earnings growth of 9.9%, 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 9.9% 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 5.3% 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¥158.602.5%
+JP¥317.6b		6.4%PE12x
3774 Internet Initiative JapanJP¥2.44k4.5%
+JP¥18.5b		-3.8%PE19.3x
9450 FibergateJP¥707.003.7%
+JP¥503.0m		-26.7%PE11.1x
332A MEEQJP¥1.07k2.9%
+JP¥341.6m		35.1%PE12.9x
5571 Excite HoldingsJP¥1.15k4.8%
+JP¥254.5m		-9.1%PE125.9x

Latest News

3843
JP¥1,480.00
FreeBit
7D
-4.6%
1Y
-4.2%
9450
JP¥707.00
Fibergate
7D
3.7%
1Y
-26.7%
3774
JP¥2,438.00
Internet Initiative Japan
7D
4.5%
1Y
-3.8%
9432
JP¥158.60
NTT
7D
2.5%
1Y
6.4%

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
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7D
-4.7%
1Y
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4439
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ToumeiLtd
7D
-0.7%
1Y
-15.0%
5571
JP¥1,154.00
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7D
4.8%
1Y
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9416
JP¥1,152.00
Vision
7D
-3.3%
1Y
-4.0%
332A
JP¥1,067.00
MEEQ
7D
2.9%
1Y
35.1%
4415
JP¥1,265.00
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7D
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1Y
64.9%

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3834
JP¥663.00
Asahi Net
7D
-1.5%
1Y
-2.8%
3934
JP¥1,970.00
BENEFIT JAPAN
7D
-2.0%
1Y
66.9%

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9445
JP¥568.00
Forval TelecomInc
7D
1.1%
1Y
19.6%
4390
JP¥3,075.00
IPS
7D
-4.5%
1Y
36.5%
5580
JP¥1,600.00
ProdelightLtd
7D
5.1%
1Y
66.5%