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Japanese (NIKKEI) Telecom Services and Carriers Industry Analysis

UpdatedJul 18, 2026
DataAggregated Company Financials
Companies19
  • 7D2.1%
  • 3M-0.8%
  • 1Y0.8%
  • YTD-4.4%

The Telecom Services and Carriers industry is up 1.2% in the last week, with NTT up 2.6%. The industry has been flat over the past 12 months despite the gain this week. Earnings are forecast to grow by 4.8% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 18 Jul 2026JP¥13.5tJP¥15.5tJP¥1.1t12.8x12.2x0.9x
Mon, 15 Jun 2026JP¥13.1tJP¥15.4tJP¥1.1t13x11.9x0.8x
Wed, 13 May 2026JP¥13.2tJP¥15.4tJP¥1.1t12.9x12x0.9x
Fri, 10 Apr 2026JP¥13.6tJP¥15.1tJP¥1.1t14.1x12x0.9x
Sun, 08 Mar 2026JP¥13.3tJP¥15.1tJP¥1.1t13.9x11.7x0.9x
Tue, 03 Feb 2026JP¥13.8tJP¥14.9tJP¥1.1t15.1x12.6x0.9x
Thu, 01 Jan 2026JP¥14.0tJP¥14.9tJP¥1.1t14.2x12.8x0.9x
Sat, 29 Nov 2025JP¥14.0tJP¥14.9tJP¥1.1t14x12.7x0.9x
Mon, 27 Oct 2025JP¥14.3tJP¥14.7tJP¥1.0t15.8x13.8x1x
Wed, 24 Sep 2025JP¥14.2tJP¥14.7tJP¥1.0t14.2x13.7x1x
Fri, 22 Aug 2025JP¥14.7tJP¥14.7tJP¥1.0t13.7x14.1x1x
Sun, 20 Jul 2025JP¥13.6tJP¥14.6tJP¥1.0t12.3x12.9x0.9x
Tue, 17 Jun 2025JP¥14.0tJP¥14.6tJP¥1.0t13.5x13.3x1x
Thu, 15 May 2025JP¥13.8tJP¥14.6tJP¥1.1t13x13.1x0.9x
Sat, 12 Apr 2025JP¥13.2tJP¥14.6tJP¥1.2t13.9x11.2x0.9x
Mon, 10 Mar 2025JP¥13.1tJP¥14.6tJP¥1.2t14x11.2x0.9x
Wed, 05 Feb 2025JP¥13.7tJP¥14.5tJP¥1.2t13.7x11.3x0.9x
Fri, 03 Jan 2025JP¥14.4tJP¥14.5tJP¥1.2t11.8x11.8x1x
Sun, 01 Dec 2024JP¥14.0tJP¥14.5tJP¥1.2t12.3x11.5x1x
Tue, 29 Oct 2024JP¥13.4tJP¥14.4tJP¥1.2t13.7x11x0.9x
Thu, 26 Sep 2024JP¥13.7tJP¥14.4tJP¥1.2t13.9x11.2x1x
Sat, 24 Aug 2024JP¥13.9tJP¥14.4tJP¥1.2t15x11.4x1x
Mon, 22 Jul 2024JP¥14.4tJP¥14.2tJP¥1.3t15.9x10.9x1x
Wed, 19 Jun 2024JP¥13.2tJP¥14.2tJP¥1.3t13.7x9.9x0.9x
Fri, 17 May 2024JP¥14.0tJP¥14.2tJP¥1.3t14.7x10.5x1x
Sun, 14 Apr 2024JP¥15.8tJP¥14.1tJP¥1.2t15.5x12.8x1.1x
Tue, 12 Mar 2024JP¥16.5tJP¥14.1tJP¥1.2t15.4x13.3x1.2x
Thu, 08 Feb 2024JP¥16.5tJP¥14.0tJP¥1.2t12.6x13.4x1.2x
Sat, 06 Jan 2024JP¥15.8tJP¥14.1tJP¥1.2t12.2x12.8x1.1x
Mon, 04 Dec 2023JP¥15.8tJP¥14.0tJP¥1.2t12.4x12.8x1.1x
Wed, 01 Nov 2023JP¥16.1tJP¥14.0tJP¥1.3t13.4x12.7x1.2x
Fri, 29 Sep 2023JP¥16.3tJP¥14.0tJP¥1.3t13.7x12.9x1.2x
Sun, 27 Aug 2023JP¥15.2tJP¥14.0tJP¥1.3t13.8x12x1.1x
Tue, 25 Jul 2023JP¥15.5tJP¥13.9tJP¥1.3t14x12.3x1.1x
Price to Earnings Ratio

12.3x


Total Market Cap: JP¥15.5tTotal Earnings: JP¥1.3tTotal Revenue: JP¥13.9tTotal 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 0.99x.
Past Earnings Growth
  • The earnings for companies in the Telecom industry have declined 4.4% per year over the last three years.
  • Meanwhile revenues for these companies have grown 3.5% 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-3.51%
Telecom-3.90%
Telecom Services and Carriers2.14%
Integrated Telecom Services2.23%
Alternative Carriers-0.95%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry even though it's trading below its 3-year average PE ratio of 19.1x.
    • Analysts are expecting annual earnings growth of 10.7%, which is lower than the prior year's growth of 19.9% 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 11% over the next 5 years.
  • However this is lower than its past earnings growth rate of 20% per year.
  • In contrast, the Integrated Telecom Services industry is expected to see its earnings grow by 4.7% 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¥151.102.4%
+JP¥285.1b		0.1%PE11.9x
4439 ToumeiLtdJP¥821.007.0%
+JP¥1.6b		-8.3%PE10.5x
3774 Internet Initiative JapanJP¥3.49k0.2%
+JP¥1.2b		27.6%PE25.5x
3834 Asahi NetJP¥640.001.9%
+JP¥310.9m		-6.0%PE12.8x
5571 Excite HoldingsJP¥991.001.1%
+JP¥52.8m		-21.7%PE18.8x

Latest News

4439
JP¥821.00
ToumeiLtd
7D
7.0%
1Y
-8.3%
9418
JP¥1,678.00
U-NEXT HOLDINGSLtd
7D
-1.1%
1Y
-17.7%
9432
JP¥151.10
NTT
7D
2.4%
1Y
0.1%
Narrative Update • Jul 14

9432: Space Optical And AI Data Center Capacity Will Support Future Rerating Potential

Analysts have slightly reduced their NTT fair value estimate from ¥172.77 to ¥169.21, citing modest adjustments to the assumed discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News NTT DATA released a report titled "Can Data Centers Keep Pace with AI?
9417
JP¥311.00
Smartvalue
7D
-3.1%
1Y
-20.3%
3774
JP¥3,486.00
Internet Initiative Japan
7D
0.2%
1Y
27.6%
9416
JP¥998.00
Vision
7D
-1.9%
1Y
-7.7%
3843
JP¥1,579.00
FreeBit
7D
-0.3%
1Y
13.3%
4390
JP¥3,440.00
IPS
7D
-1.3%
1Y
54.5%
332A
JP¥983.00
MEEQ
7D
-8.0%
1Y
25.9%
4415
JP¥1,305.00
Broad EnterpriseLtd
7D
-1.5%
1Y
76.4%
4068
JP¥1,630.00
Basis
7D
0.8%
1Y
-18.2%
5571
JP¥991.00
Excite Holdings
7D
1.1%
1Y
-21.7%
Analysis Article • May 23

Shareholders Can Be Confident That Excite Holdings' (TSE:5571) Earnings Are High Quality

Even though Excite Holdings Co., Ltd.'s ( TSE:5571 ) recent earnings release was robust, the market didn't seem to...
9450
JP¥765.00
Fibergate
7D
-1.7%
1Y
11.2%
3834
JP¥640.00
Asahi Net
7D
1.9%
1Y
-6.0%