Japanese (NIKKEI) Alternative Carriers Industry Analysis

UpdatedMar 20, 2026

DataAggregated Company Financials

Companies10

7D-4.0%
3M-11.3%
1Y-2.6%
YTDn/a

Over the last 7 days, the Alternative Carriers industry has dropped 3.5%, driven by U-NEXT HOLDINGSLtd declining 4.9%. Over the last year, the industry has been flat overall. Earnings are forecast to grow by 9.9% annually.

Industry Valuation and Performance

Has the Japanese Alternative Carriers Industry valuation changed over the past few years?

Date	Market Cap	Revenue	Earnings	PE	Absolute PE	PS
Fri, 20 Mar 2026	JP¥394.3b	JP¥540.7b	JP¥23.7b	17.5x	16.6x	0.7x
Sun, 15 Feb 2026	JP¥430.8b	JP¥539.0b	JP¥23.4b	18.2x	18.4x	0.8x
Tue, 13 Jan 2026	JP¥462.3b	JP¥523.1b	JP¥23.2b	15x	19.9x	0.9x
Thu, 11 Dec 2025	JP¥437.4b	JP¥520.8b	JP¥23.0b	14.8x	19x	0.8x
Sat, 08 Nov 2025	JP¥459.0b	JP¥517.2b	JP¥23.1b	17.6x	19.9x	0.9x
Mon, 06 Oct 2025	JP¥467.1b	JP¥498.6b	JP¥20.3b	13.4x	23.1x	0.9x
Wed, 03 Sep 2025	JP¥465.4b	JP¥496.7b	JP¥20.0b	12.6x	23.3x	0.9x
Fri, 01 Aug 2025	JP¥459.6b	JP¥494.8b	JP¥20.1b	12.1x	22.9x	0.9x
Sun, 29 Jun 2025	JP¥504.2b	JP¥481.7b	JP¥20.2b	12.2x	24.9x	1x
Tue, 27 May 2025	JP¥476.3b	JP¥480.3b	JP¥20.7b	11.8x	23x	1x
Thu, 24 Apr 2025	JP¥459.0b	JP¥469.8b	JP¥22.3b	14x	20.5x	1x
Sat, 22 Mar 2025	JP¥397.9b	JP¥455.8b	JP¥22.1b	13.3x	18x	0.9x
Mon, 17 Feb 2025	JP¥410.2b	JP¥454.8b	JP¥22.3b	13.7x	18.4x	0.9x
Wed, 15 Jan 2025	JP¥369.1b	JP¥434.9b	JP¥22.0b	11.2x	16.7x	0.8x
Fri, 13 Dec 2024	JP¥380.0b	JP¥434.6b	JP¥22.2b	11.7x	17.1x	0.9x
Sun, 10 Nov 2024	JP¥378.7b	JP¥445.1b	JP¥16.4b	12.1x	23.1x	0.9x
Tue, 08 Oct 2024	JP¥395.5b	JP¥427.7b	JP¥16.9b	13.8x	23.4x	0.9x
Thu, 05 Sep 2024	JP¥415.9b	JP¥428.5b	JP¥16.9b	14.2x	24.5x	1x
Sat, 03 Aug 2024	JP¥364.7b	JP¥429.9b	JP¥17.2b	15.3x	21.3x	0.8x
Mon, 01 Jul 2024	JP¥357.6b	JP¥414.3b	JP¥16.5b	15.4x	21.7x	0.9x
Wed, 29 May 2024	JP¥357.6b	JP¥413.8b	JP¥15.9b	16.6x	22.5x	0.9x
Fri, 26 Apr 2024	JP¥328.0b	JP¥401.0b	JP¥22.1b	14.9x	14.9x	0.8x
Sun, 24 Mar 2024	JP¥391.0b	JP¥392.2b	JP¥20.2b	15.7x	19.4x	1x
Tue, 20 Feb 2024	JP¥350.3b	JP¥390.9b	JP¥20.1b	13.4x	17.4x	0.9x
Thu, 18 Jan 2024	JP¥440.2b	JP¥461.9b	JP¥25.4b	10.9x	17.4x	1x
Sat, 16 Dec 2023	JP¥405.6b	JP¥452.1b	JP¥23.5b	12.2x	17.3x	0.9x
Mon, 13 Nov 2023	JP¥392.5b	JP¥450.2b	JP¥23.0b	11.9x	17.1x	0.9x
Wed, 11 Oct 2023	JP¥308.4b	JP¥436.7b	JP¥22.0b	11.7x	14x	0.7x
Fri, 08 Sep 2023	JP¥330.4b	JP¥433.8b	JP¥21.5b	13.2x	15.4x	0.8x
Sun, 06 Aug 2023	JP¥384.4b	JP¥431.4b	JP¥21.5b	14x	17.8x	0.9x
Tue, 04 Jul 2023	JP¥387.2b	JP¥423.4b	JP¥20.5b	14.7x	18.9x	0.9x
Thu, 01 Jun 2023	JP¥377.2b	JP¥414.4b	JP¥19.1b	16.7x	19.7x	0.9x
Sat, 29 Apr 2023	JP¥329.2b	JP¥413.1b	JP¥18.4b	19.6x	17.8x	0.8x
Mon, 27 Mar 2023	JP¥286.4b	JP¥401.9b	JP¥17.9b	16.3x	16x	0.7x

Price to Earnings Ratio

16x

Mon, 27 Mar 2023

Current Industry PE

Investors are pessimistic on the Japanese Alternative Carriers industry, indicating that they anticipate long term growth rates will be lower than they have historically.

The industry is trading at a PE ratio of 17.1x which is lower than its 3-year average PE of 19.5x.

The industry is trading close to its 3-year average PS ratio of 0.89x.

Past Earnings Growth

The earnings for companies in the Alternative Carriers industry have grown 9.9% per year over the last three years.
Revenues for these companies have grown 10% per year.
This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Comparison

How does Japanese Alternative Carriers compare with similar industries?


JP Market	-1.19%
Telecom	-1.45%
Telecom Services and Carriers	1.76%
Alternative Carriers	-4.05%
Integrated Telecom Services	1.94%

Industry PEThere are no additional sub-industries under this industry.

Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company	Last Price	7D	1Y	Valuation
9450 Fibergate	JP¥707.00	3.7% +JP¥503.0m	-26.7%	PE11.1x
5571 Excite Holdings	JP¥1.15k	4.8% +JP¥254.5m	-9.1%	PE125.9x
5580 ProdelightLtd	JP¥1.60k	5.1% +JP¥131.3m	66.5%	PE21.5x