Analysis Article • May 23

Over the last 7 days, the Alternative Carriers industry has remained flat, although notably V-cube declined by 20%. As for the longer term, the industry has declined 22% in the last year. Earnings are forecast to grow by 9.6% annually.
Has the Japanese Alternative Carriers Industry valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 19 Jun 2026 | JP¥374.0b | JP¥548.6b | JP¥26.2b | 14.3x | 14.3x | 0.7x |
| Sun, 17 May 2026 | JP¥369.7b | JP¥546.9b | JP¥25.9b | 17.1x | 14.2x | 0.7x |
| Tue, 14 Apr 2026 | JP¥383.3b | JP¥530.8b | JP¥25.4b | 17.5x | 15.1x | 0.7x |
| Thu, 12 Mar 2026 | JP¥419.8b | JP¥539.3b | JP¥23.4b | 19x | 17.9x | 0.8x |
| Sat, 07 Feb 2026 | JP¥425.6b | JP¥536.2b | JP¥23.4b | 16.6x | 18.2x | 0.8x |
| Mon, 05 Jan 2026 | JP¥456.8b | JP¥523.1b | JP¥23.2b | 15x | 19.7x | 0.9x |
| Wed, 03 Dec 2025 | JP¥454.5b | JP¥520.8b | JP¥23.0b | 15.5x | 19.8x | 0.9x |
| Fri, 31 Oct 2025 | JP¥454.8b | JP¥517.2b | JP¥22.9b | 17.6x | 19.9x | 0.9x |
| Sun, 28 Sep 2025 | JP¥484.0b | JP¥498.6b | JP¥20.3b | 14.1x | 23.9x | 1x |
| Tue, 26 Aug 2025 | JP¥482.3b | JP¥496.7b | JP¥20.0b | 13x | 24.1x | 1x |
| Thu, 24 Jul 2025 | JP¥458.3b | JP¥495.1b | JP¥20.1b | 12x | 22.8x | 0.9x |
| Sat, 21 Jun 2025 | JP¥481.3b | JP¥481.7b | JP¥20.2b | 12.2x | 23.8x | 1x |
| Mon, 19 May 2025 | JP¥458.0b | JP¥470.1b | JP¥22.7b | 10.9x | 20.2x | 1x |
| Wed, 16 Apr 2025 | JP¥425.4b | JP¥472.3b | JP¥22.5b | 12.8x | 18.9x | 0.9x |
| Fri, 14 Mar 2025 | JP¥386.5b | JP¥454.8b | JP¥22.3b | 12.9x | 17.4x | 0.8x |
| Sun, 09 Feb 2025 | JP¥405.0b | JP¥453.6b | JP¥22.3b | 12.6x | 18.2x | 0.9x |
| Tue, 07 Jan 2025 | JP¥381.2b | JP¥434.9b | JP¥22.0b | 11.2x | 17.3x | 0.9x |
| Thu, 05 Dec 2024 | JP¥380.7b | JP¥434.6b | JP¥22.2b | 11.8x | 17.1x | 0.9x |
| Sat, 02 Nov 2024 | JP¥368.3b | JP¥445.1b | JP¥16.5b | 12.1x | 22.4x | 0.8x |
| Mon, 30 Sep 2024 | JP¥413.9b | JP¥427.7b | JP¥16.9b | 14.1x | 24.5x | 1x |
| Wed, 28 Aug 2024 | JP¥422.9b | JP¥428.5b | JP¥16.9b | 15.1x | 25x | 1x |
| Fri, 26 Jul 2024 | JP¥373.0b | JP¥429.2b | JP¥17.3b | 16.4x | 21.5x | 0.9x |
| Sun, 23 Jun 2024 | JP¥365.7b | JP¥414.3b | JP¥16.5b | 15.2x | 22.2x | 0.9x |
| Tue, 21 May 2024 | JP¥364.4b | JP¥413.8b | JP¥15.9b | 16.7x | 22.9x | 0.9x |
| Thu, 18 Apr 2024 | JP¥337.2b | JP¥401.0b | JP¥22.1b | 14.2x | 15.3x | 0.8x |
| Sat, 16 Mar 2024 | JP¥363.3b | JP¥392.2b | JP¥20.2b | 14.7x | 18x | 0.9x |
| Mon, 12 Feb 2024 | JP¥336.6b | JP¥401.6b | JP¥19.4b | 12.7x | 17.4x | 0.8x |
| Wed, 10 Jan 2024 | JP¥422.4b | JP¥452.1b | JP¥23.5b | 11.2x | 18x | 0.9x |
| Fri, 08 Dec 2023 | JP¥397.3b | JP¥450.5b | JP¥22.9b | 12.4x | 17.3x | 0.9x |
| Sun, 05 Nov 2023 | JP¥390.5b | JP¥448.0b | JP¥22.9b | 12.8x | 17.1x | 0.9x |
| Tue, 03 Oct 2023 | JP¥314.5b | JP¥436.7b | JP¥22.0b | 12.5x | 14.3x | 0.7x |
| Thu, 31 Aug 2023 | JP¥325.0b | JP¥433.8b | JP¥21.5b | 13.2x | 15.1x | 0.7x |
| Sat, 29 Jul 2023 | JP¥383.7b | JP¥431.1b | JP¥21.5b | 13.3x | 17.8x | 0.9x |
| Mon, 26 Jun 2023 | JP¥391.5b | JP¥423.4b | JP¥20.5b | 14.8x | 19.1x | 0.9x |
19.1x
How does Japanese Alternative Carriers compare with similar industries?
| JP Market | 6.38% | |
| Telecom | 3.65% | |
| Telecom Services and Carriers | -1.79% | |
| Alternative Carriers | 0.48% | |
| Integrated Telecom Services | -1.86% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| 3843 FreeBit | JP¥1.48k | 2.8% +JP¥894.7m | 6.0% | PE9.2x | |
| 4415 Broad EnterpriseLtd | JP¥1.23k | 5.1% +JP¥368.7m | 78.5% | PE13.9x | |
| 3934 BENEFIT JAPAN | JP¥2.23k | 1.1% +JP¥147.4m | 29.5% | PE13.2x |