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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedJun 06, 2026
DataAggregated Company Financials
Companies3897
  • 7D-0.2%
  • 3M7.2%
  • 1Y42.7%
  • YTD14.5%

The market has climbed 1.4% in the last 7 days, lead by the Information Technology sector with a gain of 11%. As for the past 12 months, the market is up 43%. As for the next few years, earnings are expected to grow by 9.2% per annum.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sat, 06 Jun 2026JP¥1336.5tJP¥1054.9tJP¥71.2t13.7x18.8x1.3x
Mon, 04 May 2026JP¥1261.7tJP¥1041.5tJP¥66.2t14.3x19.1x1.2x
Wed, 01 Apr 2026JP¥1179.6tJP¥1038.8tJP¥65.6t14.1x18x1.1x
Fri, 27 Feb 2026JP¥1314.3tJP¥1040.7tJP¥65.7t15.3x20x1.3x
Sun, 25 Jan 2026JP¥1227.9tJP¥1026.8tJP¥64.4t15.1x19.1x1.2x
Tue, 23 Dec 2025JP¥1154.6tJP¥1029.6tJP¥64.3t14.3x18x1.1x
Thu, 20 Nov 2025JP¥1107.7tJP¥1033.1tJP¥64.9t13.6x17.1x1.1x
Sat, 18 Oct 2025JP¥1083.4tJP¥1025.7tJP¥59.8t14.3x18.1x1.1x
Mon, 15 Sep 2025JP¥1088.4tJP¥1026.5tJP¥59.8t14.7x18.2x1.1x
Wed, 13 Aug 2025JP¥1052.5tJP¥1022.6tJP¥58.6t14.3x18x1x
Fri, 11 Jul 2025JP¥970.8tJP¥1022.2tJP¥62.1t13.4x15.6x0.9x
Sun, 08 Jun 2025JP¥963.7tJP¥1035.0tJP¥63.7t13.1x15.1x0.9x
Tue, 06 May 2025JP¥938.9tJP¥1024.1tJP¥64.6t12.9x14.5x0.9x
Thu, 03 Apr 2025JP¥921.8tJP¥1020.8tJP¥64.1t12.9x14.4x0.9x
Sat, 01 Mar 2025JP¥935.6tJP¥1020.2tJP¥64.4t13x14.5x0.9x
Mon, 27 Jan 2025JP¥957.3tJP¥1010.0tJP¥61.9t13.5x15.5x0.9x
Wed, 25 Dec 2024JP¥951.6tJP¥1010.9tJP¥61.8t13.4x15.4x0.9x
Fri, 22 Nov 2024JP¥936.1tJP¥1007.2tJP¥61.7t13.5x15.2x0.9x
Sun, 20 Oct 2024JP¥943.1tJP¥1001.0tJP¥60.1t13.5x15.7x0.9x
Tue, 17 Sep 2024JP¥908.1tJP¥1000.0tJP¥60.1t13.2x15.1x0.9x
Thu, 15 Aug 2024JP¥909.4tJP¥997.9tJP¥60.0t13x15.2x0.9x
Sat, 13 Jul 2024JP¥1015.3tJP¥987.0tJP¥58.5t14.6x17.4x1x
Mon, 10 Jun 2024JP¥968.3tJP¥989.6tJP¥58.6t14.1x16.5x1x
Wed, 08 May 2024JP¥971.9tJP¥974.4tJP¥56.5t14.5x17.2x1x
Fri, 05 Apr 2024JP¥971.9tJP¥975.8tJP¥56.9t14.6x17.1x1x
Sun, 03 Mar 2024JP¥966.6tJP¥975.7tJP¥56.9t14.5x17x1x
Tue, 30 Jan 2024JP¥908.2tJP¥971.3tJP¥52.4t14.8x17.3x0.9x
Thu, 28 Dec 2023JP¥854.7tJP¥971.2tJP¥52.5t14x16.3x0.9x
Sat, 25 Nov 2023JP¥867.5tJP¥977.7tJP¥53.1t14.1x16.3x0.9x
Mon, 23 Oct 2023JP¥820.7tJP¥971.7tJP¥55.3t13.8x14.9x0.8x
Wed, 20 Sep 2023JP¥882.3tJP¥971.3tJP¥55.2t14.5x16x0.9x
Fri, 18 Aug 2023JP¥821.2tJP¥970.5tJP¥55.1t13.8x14.9x0.8x
Sun, 16 Jul 2023JP¥818.6tJP¥957.6tJP¥50.6t13.8x16.2x0.9x
Tue, 13 Jun 2023JP¥817.9tJP¥959.2tJP¥51.1t13.7x16x0.9x
Price to Earnings Ratio

16x


Total Market Cap: JP¥817.9tTotal Earnings: JP¥51.1tTotal Revenue: JP¥959.2tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 16.6x202420252026
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 18.8x which is higher than its 3-year average PE of 16.6x.
Past Earnings Growth
  • The earnings for Japanese listed companies have grown 12% per year over the last three years.
  • Revenues for these companies have grown 3.2% 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 Market-0.18%
Tech5.17%
Financials3.41%
Energy-0.19%
Telecom-0.80%
Utilities-1.68%
Industrials-2.05%
Consumer Discretionary-2.22%
Consumer Staples-2.32%
Real Estate-2.98%
Materials-3.98%
Healthcare-4.09%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 26.0x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 19.5%, which is higher than its past year's earnings growth of 15.1% per year.
  • The Energy sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 10.7x.
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 15% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 14% 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
285A Kioxia HoldingsJP¥78.14k18.7%
+JP¥6.7t		3,509.2%PE77xTech
8035 Tokyo ElectronJP¥59.45k13.4%
+JP¥3.2t		151.4%PE46.7xTech
8306 Mitsubishi UFJ Financial GroupJP¥3.22k7.3%
+JP¥2.4t		64.0%PB1.6xFinancials
8316 Sumitomo Mitsui Financial GroupJP¥6.23k7.1%
+JP¥1.5t		72.3%PB1.5xFinancials
8411 Mizuho Financial GroupJP¥7.72k7.2%
+JP¥1.3t		95.4%PB1.7xFinancials
See more

Market Insights

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Latest News

285A
JP¥78,140.00
Kioxia Holdings
7D
18.7%
1Y
3,509.2%
8411
JP¥7,716.00
Mizuho Financial Group
7D
7.2%
1Y
95.4%
8035
JP¥59,450.00
Tokyo Electron
7D
13.4%
1Y
151.4%
Narrative Update • Jun 04

8035: Buyback And Stock Split Frenzy Will Likely Limit Future Returns

Analysts have lifted their price target on Tokyo Electron from about ¥51,486 to roughly ¥54,382, citing updated assumptions around revenue growth, profit margins, discount rate and future P/E that collectively support a higher fair value estimate. What's in the News Tokyo Electron approved a new share repurchase facility of up to ¥150b, to be carried out between June 1, 2026 and March 31, 2027.
6503
JP¥6,014.00
Mitsubishi Electric
7D
-8.3%
1Y
106.0%
8031
JP¥5,039.00
Mitsui
7D
-4.7%
1Y
70.4%
Narrative Update • Jun 03

8031: Rising Buybacks And Margin Outlook Will Shape Stronger Future Returns

Analysts have raised their fair value estimate for Mitsui from ¥5,900 to ¥7,800, citing revised assumptions for revenue growth and profit margins, as well as a higher future P/E multiple, which together support a higher long-term valuation despite a slightly higher discount rate. What's in the News Completed a share buyback of 41,075,000 shares, representing 1.43% of shares, for ¥199,999.9 million under the program announced on November 5, 2025.
8316
JP¥6,230.00
Sumitomo Mitsui Financial Group
7D
7.1%
1Y
72.3%
6501
JP¥5,300.00
Hitachi
7D
2.6%
1Y
31.8%
Narrative Update • Jun 02

6501: Frontier AI And Nuclear Tailwinds Will Drive Future Upside

Analysts have nudged their price target for Hitachi slightly higher to about ¥5,914 from ¥5,900, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E levels. What's in the News Hitachi announced a partnership with Anthropic to support the Lumada 3.0 business model, combining Hitachi's IT, OT and product expertise with Anthropic's frontier AI to support AI deployment in sectors such as energy, transportation, manufacturing and finance, with plans to develop about 100,000 AI professionals and set up a Frontier AI Deployment Center.
4063
JP¥7,350.00
Shin-Etsu Chemical
7D
-5.3%
1Y
62.4%
8058
JP¥4,859.00
Mitsubishi
7D
-4.1%
1Y
69.0%
Narrative Update • Jun 02

8058: Future Returns Will Reflect Neutral Outlook And Battery Service Venture Progress

Analysts have adjusted Mitsubishi's price target from about ¥5,009 to roughly ¥5,206, reflecting updated assumptions on revenue growth, profit margins, discount rate, and future P/E estimates. What's in the News Bosch and Mitsubishi Corporation secured the first customer for their battery service joint venture in China, marking the commercial rollout of a battery as a service offering for electric truck fleets and the opening of an energy service hub in Chizhou, operated by Shanghai Lingzhou Technology (source: recent news reports).
4578
JP¥10,580.00
Otsuka Holdings
7D
-9.7%
1Y
56.1%
Narrative Update • Jun 01

4578: Future Repricing Will Rely On Share Buybacks Supporting Margins

Analysts have adjusted the fair value price target for Otsuka Holdings from ¥15,445 to ¥15,700, reflecting updated assumptions around slightly higher revenue, profit margins and a modestly higher future P/E multiple. What's in the News A board meeting is scheduled for May 7, 2026, to consider a change in a specified subsidiary, which could affect how parts of the group are organized and reported (Key Developments).
7203
JP¥2,850.00
Toyota Motor
7D
-6.3%
1Y
7.5%
4062
JP¥18,760.00
IbidenLtd
7D
-18.4%
1Y
543.8%
6758
JP¥3,559.00
Sony Group
7D
3.3%
1Y
-7.1%
8306
JP¥3,219.00
Mitsubishi UFJ Financial Group
7D
7.3%
1Y
64.0%
6146
JP¥72,580.00
Disco
7D
11.5%
1Y
126.1%
9983
JP¥78,700.00
Fast Retailing
7D
-4.4%
1Y
61.2%