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Japanese (NIKKEI) Telecom Services and Carriers Industry Analysis

UpdatedJul 04, 2026
DataAggregated Company Financials
Companies19
  • 7D1.6%
  • 3M-5.9%
  • 1Y-4.6%
  • YTD-7.6%

Over the last 7 days, the Telecom Services and Carriers industry has risen 2.0%, driven by gains from NTT of 1.2%. Meanwhile, Basis actually underperformed within the industry, shrinking 13% in the last week. In the past year, the industry is down 4.8%. 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, 04 Jul 2026JP¥13.0tJP¥15.4tJP¥1.1t13x11.8x0.8x
Mon, 01 Jun 2026JP¥13.3tJP¥15.4tJP¥1.1t13.9x12.1x0.9x
Wed, 29 Apr 2026JP¥13.3tJP¥15.1tJP¥1.1t15x11.7x0.9x
Fri, 27 Mar 2026JP¥13.9tJP¥15.1tJP¥1.1t12.9x12.3x0.9x
Sun, 22 Feb 2026JP¥13.3tJP¥15.1tJP¥1.1t14.4x11.7x0.9x
Tue, 20 Jan 2026JP¥14.0tJP¥14.9tJP¥1.1t14.7x12.8x0.9x
Thu, 18 Dec 2025JP¥13.8tJP¥14.9tJP¥1.1t13.4x12.6x0.9x
Sat, 15 Nov 2025JP¥13.6tJP¥14.9tJP¥1.1t15.2x12.4x0.9x
Mon, 13 Oct 2025JP¥13.7tJP¥14.7tJP¥1.0t15.7x13.2x0.9x
Wed, 10 Sep 2025JP¥14.2tJP¥14.7tJP¥1.0t13.3x13.7x1x
Fri, 08 Aug 2025JP¥14.1tJP¥14.7tJP¥1.0t13.7x13.6x1x
Sun, 06 Jul 2025JP¥13.9tJP¥14.6tJP¥1.0t13x13.2x0.9x
Tue, 03 Jun 2025JP¥14.1tJP¥14.6tJP¥1.0t13.2x13.5x1x
Thu, 01 May 2025JP¥13.4tJP¥14.6tJP¥1.2t13.5x11.5x0.9x
Sat, 29 Mar 2025JP¥13.2tJP¥14.6tJP¥1.2t14x11.3x0.9x
Mon, 24 Feb 2025JP¥13.3tJP¥14.6tJP¥1.2t14.7x11.3x0.9x
Wed, 22 Jan 2025JP¥13.6tJP¥14.5tJP¥1.2t12x11.2x0.9x
Fri, 20 Dec 2024JP¥14.1tJP¥14.5tJP¥1.2t11.7x11.6x1x
Sun, 17 Nov 2024JP¥14.1tJP¥14.5tJP¥1.2t11.7x11.7x1x
Tue, 15 Oct 2024JP¥13.6tJP¥14.4tJP¥1.2t13.9x11.1x0.9x
Thu, 12 Sep 2024JP¥13.7tJP¥14.4tJP¥1.2t13.8x11.2x1x
Sat, 10 Aug 2024JP¥13.3tJP¥14.4tJP¥1.2t14.9x10.8x0.9x
Mon, 08 Jul 2024JP¥14.1tJP¥14.2tJP¥1.3t15x10.7x1x
Wed, 05 Jun 2024JP¥14.0tJP¥14.2tJP¥1.3t15.2x10.5x1x
Fri, 03 May 2024JP¥15.4tJP¥14.1tJP¥1.2t15.1x12.4x1.1x
Sun, 31 Mar 2024JP¥16.3tJP¥14.1tJP¥1.2t16x13.1x1.2x
Tue, 27 Feb 2024JP¥16.4tJP¥14.1tJP¥1.2t13.6x13.3x1.2x
Thu, 25 Jan 2024JP¥17.0tJP¥14.1tJP¥1.2t12.8x13.7x1.2x
Sat, 23 Dec 2023JP¥15.7tJP¥14.1tJP¥1.2t12x12.7x1.1x
Mon, 20 Nov 2023JP¥16.0tJP¥14.0tJP¥1.2t12.5x12.9x1.1x
Wed, 18 Oct 2023JP¥16.1tJP¥14.0tJP¥1.3t14.9x12.7x1.1x
Fri, 15 Sep 2023JP¥16.0tJP¥14.0tJP¥1.3t13.6x12.6x1.1x
Sun, 13 Aug 2023JP¥15.1tJP¥14.0tJP¥1.3t13.8x11.9x1.1x
Tue, 11 Jul 2023JP¥15.4tJP¥13.9tJP¥1.3t14.8x12.2x1.1x
Price to Earnings Ratio

12.2x


Total Market Cap: JP¥15.4tTotal 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 4.3% 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 Market2.12%
Telecom2.33%
Telecom Services and Carriers1.62%
Alternative Carriers5.67%
Integrated Telecom Services1.50%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry even though it's trading below its 3-year average PE ratio of 19.2x.
    • Analysts are expecting annual earnings growth of 9.7%, 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 9.7% 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¥146.101.2%
+JP¥146.6b		-5.1%PE11.5x
3774 Internet Initiative JapanJP¥3.31k5.9%
+JP¥32.8b		18.5%PE24.3x
9418 U-NEXT HOLDINGSLtdJP¥1.68k6.5%
+JP¥18.4b		-25.4%PE16.1x
4390 IPSJP¥3.67k11.0%
+JP¥4.8b		63.6%PE11.4x
4347 BroadmediaJP¥1.79k10.3%
+JP¥1.2b		-3.8%PE16.3x

Latest News

4439
JP¥752.00
ToumeiLtd
7D
4.9%
1Y
-22.9%
9417
JP¥326.00
Smartvalue
7D
-2.1%
1Y
-21.3%
9432
JP¥146.10
NTT
7D
1.2%
1Y
-5.1%
Narrative Update • Jun 30

9432: Offshore Debt Raising And Data Center Spend Will Shape Risk Balance

Analysts have adjusted their price target on NTT slightly lower, from ¥146 to ¥143, reflecting updated assumptions around the discount rate, revenue growth, profit margin and future P/E expectations. What’s in the News for NTT NTT is preparing a global multi currency bond sale targeting around US$10b, which would be one of the largest offshore bond offerings by an Asian corporate in 2026, with about half in U.S. dollar notes and the rest in euro and pound tranches.
3774
JP¥3,309.00
Internet Initiative Japan
7D
5.9%
1Y
18.5%
3843
JP¥1,502.00
FreeBit
7D
2.4%
1Y
10.5%
4390
JP¥3,670.00
IPS
7D
11.0%
1Y
63.6%
9418
JP¥1,682.00
U-NEXT HOLDINGSLtd
7D
6.5%
1Y
-25.4%
332A
JP¥1,072.00
MEEQ
7D
9.2%
1Y
38.1%
4415
JP¥1,255.00
Broad EnterpriseLtd
7D
-1.2%
1Y
84.3%
4068
JP¥1,596.00
Basis
7D
-12.6%
1Y
-19.8%
4347
JP¥1,787.00
Broadmedia
7D
10.3%
1Y
-3.8%
5571
JP¥980.00
Excite Holdings
7D
-2.0%
1Y
-17.2%
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...