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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedApr 30, 2026
DataAggregated Company Financials
Companies3911
  • 7D0.6%
  • 3M6.5%
  • 1Y40.1%
  • YTD8.7%

The Financials sector gained 3.1% while the market remained flat over the last week. More promisingly, the market is up 40% over the past year. Looking forward, earnings are forecast to grow by 10% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

Has the Japanese Market valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 30 Apr 2026JP¥1274.8tJP¥1040.6tJP¥65.8t14.5x19.4x1.2x
Sat, 28 Mar 2026JP¥1228.9tJP¥1039.1tJP¥65.6t14.6x18.7x1.2x
Mon, 23 Feb 2026JP¥1290.4tJP¥1040.7tJP¥65.7t15.2x19.6x1.2x
Wed, 21 Jan 2026JP¥1224.7tJP¥1027.4tJP¥64.4t15x19x1.2x
Fri, 19 Dec 2025JP¥1138.8tJP¥1029.6tJP¥64.3t14.2x17.7x1.1x
Sun, 16 Nov 2025JP¥1144.6tJP¥1032.2tJP¥64.7t14.1x17.7x1.1x
Tue, 14 Oct 2025JP¥1092.0tJP¥1023.8tJP¥59.8t14.4x18.3x1.1x
Thu, 11 Sep 2025JP¥1081.1tJP¥1026.4tJP¥59.8t14.7x18.1x1.1x
Sat, 09 Aug 2025JP¥1039.0tJP¥1022.1tJP¥60.2t14.3x17.3x1x
Mon, 07 Jul 2025JP¥974.5tJP¥1027.1tJP¥62.7t13.3x15.5x0.9x
Wed, 04 Jun 2025JP¥964.6tJP¥1034.8tJP¥63.7t13.1x15.1x0.9x
Fri, 02 May 2025JP¥935.6tJP¥1023.3tJP¥64.6t12.9x14.5x0.9x
Sun, 30 Mar 2025JP¥958.0tJP¥1020.9tJP¥64.4t13.3x14.9x0.9x
Tue, 25 Feb 2025JP¥953.7tJP¥1020.2tJP¥64.4t13.1x14.8x0.9x
Thu, 23 Jan 2025JP¥952.7tJP¥1010.1tJP¥61.9t13.5x15.4x0.9x
Sat, 21 Dec 2024JP¥943.4tJP¥1010.8tJP¥61.8t13.4x15.3x0.9x
Mon, 18 Nov 2024JP¥945.6tJP¥1006.8tJP¥61.0t13.4x15.5x0.9x
Wed, 16 Oct 2024JP¥956.0tJP¥999.2tJP¥60.1t13.6x15.9x1x
Fri, 13 Sep 2024JP¥915.5tJP¥1000.0tJP¥60.1t13.2x15.2x0.9x
Sun, 11 Aug 2024JP¥875.8tJP¥995.8tJP¥59.4t12.7x14.7x0.9x
Tue, 09 Jul 2024JP¥1003.4tJP¥986.1tJP¥58.3t14.4x17.2x1x
Thu, 06 Jun 2024JP¥966.9tJP¥989.6tJP¥58.6t14.1x16.5x1x
Sat, 04 May 2024JP¥965.4tJP¥974.7tJP¥56.4t14.4x17.1x1x
Mon, 01 Apr 2024JP¥987.0tJP¥975.9tJP¥56.9t14.9x17.4x1x
Wed, 28 Feb 2024JP¥957.7tJP¥975.7tJP¥56.9t14.4x16.8x1x
Fri, 26 Jan 2024JP¥909.5tJP¥971.4tJP¥52.5t14.8x17.3x0.9x
Sun, 24 Dec 2023JP¥844.7tJP¥971.2tJP¥52.5t13.9x16.1x0.9x
Tue, 21 Nov 2023JP¥859.0tJP¥977.0tJP¥52.9t13.9x16.2x0.9x
Thu, 19 Oct 2023JP¥833.6tJP¥971.7tJP¥55.2t13.9x15.1x0.9x
Sat, 16 Sep 2023JP¥873.9tJP¥971.2tJP¥55.2t14.4x15.8x0.9x
Mon, 14 Aug 2023JP¥839.5tJP¥970.5tJP¥55.1t14x15.2x0.9x
Wed, 12 Jul 2023JP¥817.5tJP¥957.2tJP¥50.6t13.9x16.2x0.9x
Fri, 09 Jun 2023JP¥800.9tJP¥959.1tJP¥51.1t13.5x15.7x0.8x
Sun, 07 May 2023JP¥762.5tJP¥941.9tJP¥47.9t13.4x15.9x0.8x
Price to Earnings Ratio

15.9x


Total Market Cap: JP¥762.5tTotal Earnings: JP¥47.9tTotal Revenue: JP¥941.9tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 16.5x202420252026
Current Market PE
  • Investors are optimistic on the Japanese market, and appear confident in strong long term growth rates.
  • The market is trading at a PE ratio of 19.4x which is higher than its 3-year average PE of 16.5x.
Past Earnings Growth
  • The earnings for Japanese listed companies have grown 11% per year over the last three years.
  • Revenues for these companies have grown 3.4% per year.
  • This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Sector Trends

Which sectors have driven the changes within the Japanese Market?

JP Market0.55%
Financials3.12%
Energy2.48%
Utilities2.34%
Industrials1.96%
Tech1.34%
Materials0.99%
Real Estate-0.01%
Consumer Staples-0.40%
Consumer Discretionary-1.73%
Healthcare-2.63%
Telecom-3.04%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 25.5x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.2%, which is higher than its past year's earnings growth of 11.8% per year.
  • The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 21.6x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 20% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 7.1% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
6861 KeyenceJP¥71.18k12.1%
+JP¥1.9t		14.9%PE38.8xTech
9983 Fast RetailingJP¥73.30k5.8%
+JP¥1.2t		55.8%PE47xConsumer Discretionary
285A Kioxia HoldingsJP¥37.49k6.0%
+JP¥1.2t		1,945.3%PE122.6xTech
4063 Shin-Etsu ChemicalJP¥7.18k7.8%
+JP¥971.4b		62.7%PE28.1xMaterials
6752 Panasonic HoldingsJP¥3.18k9.5%
+JP¥640.9b		90.5%PE36.5xConsumer Discretionary
See more

Market Insights

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Latest News

6501
JP¥4,848.00
Hitachi
7D
-6.8%
1Y
31.7%
4063
JP¥7,184.00
Shin-Etsu Chemical
7D
7.8%
1Y
62.7%
6702
JP¥3,157.00
Fujitsu
7D
-16.3%
1Y
-1.0%
7203
JP¥3,004.00
Toyota Motor
7D
-3.8%
1Y
9.2%

7203: Leadership Transition And Fuel Cell Venture Will Support Bullish Outlook

Analysts have trimmed their price target on Toyota Motor slightly, with fair value moving from about ¥3,992 to roughly ¥3,969 as they factor in small adjustments to revenue growth, profit margin, and future P/E assumptions. What's in the News CEO Koji Sato is set to step down on April 1, 2026, with current CFO Kenta Kon becoming CEO.
6503
JP¥6,189.00
Mitsubishi Electric
7D
5.2%
1Y
117.7%
6861
JP¥71,180.00
Keyence
7D
12.1%
1Y
14.9%

Analyst Estimates: Here's What Brokers Think Of Keyence Corporation (TSE:6861) After Its Full-Year Report

Apr 28
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4519
JP¥8,054.00
Chugai Pharmaceutical
7D
-9.8%
1Y
-4.6%

Chugai Pharmaceutical Co., Ltd. (TSE:4519) Just Reported First-Quarter Earnings: Have Analysts Changed Their Mind On The Stock?

Apr 28
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6758
JP¥3,098.00
Sony Group
7D
-5.1%
1Y
-15.4%

Later-Stage Console Cycle And Sensor Risks Will Eventually Support More Resilient Earnings

Catalysts About Sony Group Sony Group is a diversified entertainment and technology company with businesses spanning gaming, music, pictures, electronics and image sensors. What are the underlying business or industry changes driving this perspective?
4062
JP¥13,390.00
IbidenLtd
7D
20.3%
1Y
560.7%
285A
JP¥37,490.00
Kioxia Holdings
7D
6.0%
1Y
1,945.3%
6752
JP¥3,179.00
Panasonic Holdings
7D
9.5%
1Y
90.5%

6752: Execution Risks And Restructuring Costs Will Pressure Future Share Performance

Analysts have trimmed their price target for Panasonic Holdings to about ¥1,955 from roughly ¥1,984, citing a lower assumed future P/E, as well as slightly adjusted views on revenue growth, profit margins and discount rate assumptions. Analyst Commentary Bearish analysts are signaling a more cautious stance on Panasonic Holdings, with the latest move being a downgrade that reflects tempered expectations for the shares.
8035
JP¥44,170.00
Tokyo Electron
7D
-2.9%
1Y
108.3%

8035: Rich Buybacks And Dividend Hikes Will Still Leave Shares Overpriced

Analysts have raised their price target for Tokyo Electron to about ¥31,600 from about ¥29,100. This reflects updated views on stronger revenue growth, a slightly higher profit margin and a lower future P/E multiple.
9983
JP¥73,300.00
Fast Retailing
7D
5.8%
1Y
55.8%

Why Fast Retailing's (TSE:9983) Earnings Are Better Than They Seem

Apr 17
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8306
JP¥2,805.00
Mitsubishi UFJ Financial Group
7D
1.9%
1Y
57.4%

8306: Ongoing Share Buybacks And Fixed Income Offering Will Support Returns

Analysts have kept their ¥3,760 price target on Mitsubishi UFJ Financial Group broadly unchanged, pointing to slight adjustments in discount rate, revenue growth, profit margin, and future P/E assumptions rather than a major shift in their view. What's in the News MUFG Securities Americas Inc.
9984
JP¥5,180.00
SoftBank Group
7D
-11.3%
1Y
183.3%

9984: AI And Semiconductor IP Exposure Will Drive Future Re Rating Potential

Analyst price targets for SoftBank Group are now centered around ¥3,140 to ¥7,000, reflecting a mix of caution over concentrated AI exposure and leverage, as well as optimism about the group's AI access, semiconductor IP position, and diversified holdings trading at what analysts see as an attractive entry point. Analyst Commentary Recent research shows a split view on SoftBank Group, with some analysts highlighting rising risks tied to concentrated AI exposure and leverage, while others focus on potential upside linked to AI access, semiconductor IP, and portfolio valuation.
7974
JP¥7,638.00
Nintendo
7D
-7.1%
1Y
-37.1%