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Japanese (NIKKEI) Telecom Services and Carriers Industry Analysis

UpdatedJun 04, 2026
DataAggregated Company Financials
Companies19
  • 7D-1.8%
  • 3M-0.5%
  • 1Y-6.5%
  • YTD-6.8%

Over the last 7 days, the Telecom Services and Carriers industry has dropped 1.8%, driven by NTT declining 1.9%. On the other hand Internet Initiative Japan is actually up 5.8%. Overall the industry is down 6.5% in 12 months. As for the next few years, earnings are expected to grow by 5.0% per annum.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 04 Jun 2026JP¥13.1tJP¥15.4tJP¥1.1t13.5x11.9x0.9x
Sat, 02 May 2026JP¥13.4tJP¥15.1tJP¥1.1t14.6x11.8x0.9x
Mon, 30 Mar 2026JP¥13.9tJP¥15.1tJP¥1.1t13.4x12.3x0.9x
Wed, 25 Feb 2026JP¥13.3tJP¥15.1tJP¥1.1t14.3x11.7x0.9x
Fri, 23 Jan 2026JP¥13.9tJP¥14.9tJP¥1.1t15.3x12.6x0.9x
Sun, 21 Dec 2025JP¥14.0tJP¥14.9tJP¥1.1t13.7x12.7x0.9x
Tue, 18 Nov 2025JP¥13.7tJP¥14.9tJP¥1.1t14.9x12.5x0.9x
Thu, 16 Oct 2025JP¥13.8tJP¥14.7tJP¥1.0t15.5x13.3x0.9x
Sat, 13 Sep 2025JP¥14.5tJP¥14.7tJP¥1.0t13.6x14x1x
Mon, 11 Aug 2025JP¥14.4tJP¥14.7tJP¥1.0t13.9x13.9x1x
Wed, 09 Jul 2025JP¥14.0tJP¥14.6tJP¥1.0t13.3x13.4x1x
Fri, 06 Jun 2025JP¥14.2tJP¥14.6tJP¥1.0t13.3x13.5x1x
Sun, 04 May 2025JP¥13.6tJP¥14.6tJP¥1.2t13.4x11.6x0.9x
Tue, 01 Apr 2025JP¥13.0tJP¥14.6tJP¥1.2t13.7x11.1x0.9x
Thu, 27 Feb 2025JP¥13.3tJP¥14.6tJP¥1.2t14.2x11.3x0.9x
Sat, 25 Jan 2025JP¥13.6tJP¥14.5tJP¥1.2t12.2x11.2x0.9x
Mon, 23 Dec 2024JP¥14.1tJP¥14.5tJP¥1.2t11.6x11.7x1x
Wed, 20 Nov 2024JP¥14.2tJP¥14.5tJP¥1.2t12.2x11.7x1x
Fri, 18 Oct 2024JP¥13.6tJP¥14.4tJP¥1.2t12.1x11.1x0.9x
Sun, 15 Sep 2024JP¥13.7tJP¥14.4tJP¥1.2t13.9x11.2x1x
Tue, 13 Aug 2024JP¥13.3tJP¥14.4tJP¥1.2t14.9x10.8x0.9x
Thu, 11 Jul 2024JP¥14.3tJP¥14.2tJP¥1.3t14.3x10.8x1x
Sat, 08 Jun 2024JP¥13.6tJP¥14.2tJP¥1.3t14x10.3x1x
Mon, 06 May 2024JP¥15.4tJP¥14.1tJP¥1.2t15.1x12.4x1.1x
Wed, 03 Apr 2024JP¥16.0tJP¥14.1tJP¥1.2t15.5x12.9x1.1x
Fri, 01 Mar 2024JP¥16.4tJP¥14.1tJP¥1.2t14.7x13.3x1.2x
Sun, 28 Jan 2024JP¥16.6tJP¥14.1tJP¥1.2t12.8x13.4x1.2x
Tue, 26 Dec 2023JP¥15.6tJP¥14.1tJP¥1.2t11.8x12.6x1.1x
Thu, 23 Nov 2023JP¥15.8tJP¥14.0tJP¥1.2t12.4x12.8x1.1x
Sat, 21 Oct 2023JP¥15.9tJP¥14.0tJP¥1.3t13.3x12.5x1.1x
Mon, 18 Sep 2023JP¥16.4tJP¥14.0tJP¥1.3t13.7x12.9x1.2x
Wed, 16 Aug 2023JP¥15.2tJP¥14.0tJP¥1.3t14.1x12x1.1x
Fri, 14 Jul 2023JP¥15.1tJP¥13.9tJP¥1.3t14.9x12x1.1x
Sun, 11 Jun 2023JP¥15.3tJP¥13.9tJP¥1.3t15.9x12.1x1.1x
Price to Earnings Ratio

12.1x


Total Market Cap: JP¥15.3tTotal 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 3-year average PS ratio of 1.0x is higher than the industry's current PS ratio of 0.85x.
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 Market2.19%
Telecom5.34%
Telecom Services and Carriers-1.83%
Integrated Telecom Services-1.81%
Alternative Carriers-2.50%
Industry PE
  • Investors are most optimistic about the Alternative Carriers industry even though it's trading below its 3-year average PE ratio of 19.3x.
    • Analysts are expecting annual earnings growth of 9.5%, 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 9.5% 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 4.9% 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¥3.20k5.6%
+JP¥30.3b		12.8%PE23.5x
9450 FibergateJP¥713.003.5%
+JP¥482.9m		-8.6%PE11.1x
5580 ProdelightLtdJP¥1.49k1.5%
+JP¥37.0m		1.7%PE35.7x
4068 BasisJP¥1.76k0.3%
+JP¥11.1m		-13.7%PE27.7x

Latest News

4068
JP¥1,761.00
Basis
7D
0.3%
1Y
-13.7%
9432
JP¥147.30
NTT
7D
-1.9%
1Y
-6.2%
Narrative Update • Jun 01

9432: Buybacks And All Photonics AI Infrastructure Will Support Future Rerating Potential

Analysts now set their price target for NTT at ¥172.77, down slightly from ¥175.64. This reflects updated assumptions for a lower discount rate, a different revenue growth outlook, a change in profit margin expectations, and a modestly adjusted future P/E.
4390
JP¥3,830.00
IPS
7D
-7.7%
1Y
66.9%
4347
JP¥1,643.00
Broadmedia
7D
-11.0%
1Y
-7.0%
9416
JP¥1,005.00
Vision
7D
-4.9%
1Y
-18.5%
4439
JP¥732.00
ToumeiLtd
7D
-3.7%
1Y
-26.8%
3934
JP¥2,303.00
BENEFIT JAPAN
7D
-6.4%
1Y
38.7%
9418
JP¥1,575.00
U-NEXT HOLDINGSLtd
7D
-1.6%
1Y
-30.0%
5580
JP¥1,487.00
ProdelightLtd
7D
1.5%
1Y
1.7%
9450
JP¥713.00
Fibergate
7D
3.5%
1Y
-8.6%
332A
JP¥1,046.00
MEEQ
7D
-3.4%
1Y
10.6%
3774
JP¥3,201.00
Internet Initiative Japan
7D
5.6%
1Y
12.8%
Analysis Article • May 17

Here's What Analysts Are Forecasting For Internet Initiative Japan Inc. (TSE:3774) After Its Yearly Results

Last week saw the newest full-year earnings release from Internet Initiative Japan Inc. ( TSE:3774 ), an important...