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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedSep 06, 2025
DataAggregated Company Financials
Companies3951
  • 7D0.9%
  • 3M11.8%
  • 1Y19.0%
  • YTD13.0%

Over the last 7 days, the market has remained flat, with no particular sector making any big moves this week. As for the longer term, the market has risen 17% in the past 12 months. Looking forward, earnings are forecast to grow by 8.2% annually.

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 Sep 2025JP¥1069.9tJP¥1026.4tJP¥59.8t14.7x17.9x1x
Mon, 04 Aug 2025JP¥1015.4tJP¥1022.3tJP¥60.7t14.1x16.7x1x
Wed, 02 Jul 2025JP¥985.1tJP¥1027.5tJP¥62.8t13.4x15.7x1x
Fri, 30 May 2025JP¥976.9tJP¥1033.5tJP¥63.7t13x15.3x0.9x
Sun, 27 Apr 2025JP¥918.2tJP¥1021.6tJP¥64.4t12.8x14.3x0.9x
Tue, 25 Mar 2025JP¥968.8tJP¥1019.8tJP¥64.3t13.4x15.1x1x
Thu, 20 Feb 2025JP¥966.8tJP¥1020.5tJP¥64.4t13.3x15x0.9x
Sat, 18 Jan 2025JP¥933.6tJP¥1010.3tJP¥61.9t13.3x15.1x0.9x
Mon, 16 Dec 2024JP¥956.7tJP¥1009.6tJP¥61.8t13.5x15.5x0.9x
Wed, 13 Nov 2024JP¥956.2tJP¥1004.7tJP¥58.5t13.5x16.3x1x
Fri, 11 Oct 2024JP¥953.1tJP¥1000.0tJP¥60.1t13.5x15.9x1x
Sun, 08 Sep 2024JP¥916.7tJP¥999.7tJP¥60.1t13.3x15.3x0.9x
Tue, 06 Aug 2024JP¥789.6tJP¥991.7tJP¥58.6t11.5x13.5x0.8x
Thu, 04 Jul 2024JP¥1004.6tJP¥986.0tJP¥58.3t14.6x17.2x1x
Sat, 01 Jun 2024JP¥974.8tJP¥987.7tJP¥58.6t14.1x16.6x1x
Mon, 29 Apr 2024JP¥952.8tJP¥975.4tJP¥57.3t14.4x16.6x1x
Wed, 27 Mar 2024JP¥991.4tJP¥976.5tJP¥56.9t14.9x17.4x1x
Fri, 23 Feb 2024JP¥950.7tJP¥975.6tJP¥56.6t14.3x16.8x1x
Sun, 21 Jan 2024JP¥901.4tJP¥971.4tJP¥52.5t14.5x17.2x0.9x
Tue, 19 Dec 2023JP¥840.2tJP¥974.4tJP¥52.5t13.9x16x0.9x
Thu, 16 Nov 2023JP¥861.1tJP¥977.0tJP¥52.5t13.9x16.4x0.9x
Sat, 14 Oct 2023JP¥839.6tJP¥971.4tJP¥55.2t13.9x15.2x0.9x
Mon, 11 Sep 2023JP¥858.6tJP¥971.1tJP¥55.2t14.3x15.6x0.9x
Wed, 09 Aug 2023JP¥835.4tJP¥964.7tJP¥52.4t14.1x15.9x0.9x
Fri, 07 Jul 2023JP¥830.8tJP¥957.1tJP¥50.6t14x16.4x0.9x
Sun, 04 Jun 2023JP¥797.8tJP¥958.8tJP¥51.1t13.4x15.6x0.8x
Tue, 02 May 2023JP¥763.3tJP¥941.1tJP¥47.8t13.4x16x0.8x
Thu, 30 Mar 2023JP¥734.4tJP¥933.9tJP¥46.6t12.9x15.8x0.8x
Sat, 25 Feb 2023JP¥733.2tJP¥934.5tJP¥46.7t12.7x15.7x0.8x
Mon, 23 Jan 2023JP¥710.3tJP¥903.2tJP¥49.0t12.3x14.5x0.8x
Wed, 21 Dec 2022JP¥705.4tJP¥903.0tJP¥49.1t12.2x14.4x0.8x
Fri, 18 Nov 2022JP¥729.4tJP¥899.9tJP¥49.4t12.5x14.8x0.8x
Sun, 16 Oct 2022JP¥707.7tJP¥863.6tJP¥45.7t12.2x15.5x0.8x
Tue, 13 Sep 2022JP¥737.5tJP¥857.4tJP¥45.7t12.8x16.1x0.9x
Price to Earnings Ratio

16.1x


Total Market Cap: JP¥737.5tTotal Earnings: JP¥45.7tTotal Revenue: JP¥857.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 15.7x202320242025
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 17.8x which is higher than its 3-year average PE of 15.7x.
Past Earnings Growth
  • The earnings for Japanese listed companies have grown 9.4% per year over the last three years.
  • Revenues for these companies have grown 6.2% 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 Market0.92%
Healthcare3.95%
Consumer Discretionary2.21%
Consumer Staples2.02%
Energy2.00%
Materials1.44%
Utilities0.88%
Industrials0.72%
Financials0.32%
Real Estate0.23%
Tech-0.54%
Telecom-0.94%
Sector PE
  • Investors favour the Consumer Staples sector the most for future growth, which is trading above its 3-year average PE ratio of 21.6x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 13.6%, which is higher than its past year's earnings growth of 2.9% per year.
  • The Financials sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 13.2x.
Forecasted Growth
  • Analysts are most optimistic on the Energy sector, expecting annual earnings growth of 14% over the next 5 years.
  • This is better than its past earnings growth rate of 3.8% per year.
  • In contrast, the Utilities industry is expected to see its earnings growth to stay flat over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuationSector
7203 Toyota MotorJP¥2.96k3.1%
+JP¥1.2t		14.7%PE9xConsumer Discretionary
8031 MitsuiJP¥3.72k8.4%
+JP¥830.7b		29.1%PE13.1xIndustrials
9983 Fast RetailingJP¥48.49k4.2%
+JP¥604.4b		10.0%PE37.4xConsumer Discretionary
7741 HOYAJP¥20.52k6.6%
+JP¥424.2b		7.1%PE34xHealthcare
8001 ITOCHUJP¥8.62k2.6%
+JP¥310.1b		14.4%PE12.7xIndustrials
See more

Market Insights

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7011
JP¥3,607.00
Mitsubishi Heavy Industries
7D
-3.9%
1Y
110.7%
6594
JP¥2,531.00
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7D
-21.2%
1Y
-11.7%
8001
JP¥8,617.00
ITOCHU
7D
2.6%
1Y
14.4%

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With both the consensus future P/E and discount rate holding steady, analysts have made only a marginal upward adjustment in ITOCHU's fair value, increasing the price target from ¥8,977 to ¥9,037. What's in the News ITOCHU has entered a Joint Development Agreement with L&T Energy Green Tech Limited to develop and commercialise a 300 KTPA green ammonia project in Gujarat, supporting clean energy for maritime applications and low-carbon ammonia as marine fuel.
6723
JP¥1,662.50
Renesas Electronics
7D
-5.9%
1Y
-22.9%

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With both the discount rate and future P/E ratio for Renesas Electronics remaining effectively unchanged, analysts have left their price target steady at ¥2499. What's in the News Renesas introduced multiple new MCUs and MPUs (RA8P1, RA2T1, RA4C1, RL78/L23, RA2L2) targeting AI, motor control, IoT, metering, and portable devices, emphasizing ultra-low power, advanced security, and integrated edge AI capabilities.
6501
JP¥3,896.00
Hitachi
7D
-3.8%
1Y
19.1%

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With Hitachi’s future P/E and discount rate both essentially unchanged, analysts have maintained their fair value estimate with the consensus price target remaining steady at ¥4801. What's in the News Hitachi's board scheduled a meeting to review the status of common stock repurchases.
8058
JP¥3,445.00
Mitsubishi
7D
2.7%
1Y
19.7%

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With both Mitsubishi's future P/E ratio and discount rate remaining effectively unchanged, there has been no meaningful revision to analyst valuation, leaving the consensus price target steady at ¥3079. What's in the News Mitsubishi and its consortium partners are exiting three major offshore wind power projects in Japan (Chiba and Akita prefectures) due to material inflation, tight supply chains, and broader macroeconomic headwinds; most losses had already been recognized, and further losses are expected to be limited (Nikkei Asia; Key Developments, 2025-08-27).
6146
JP¥38,250.00
Disco
7D
-7.5%
1Y
10.4%

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Sep 03
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8035
JP¥20,240.00
Tokyo Electron
7D
-2.1%
1Y
-8.0%

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9984
JP¥15,540.00
SoftBank Group
7D
-4.3%
1Y
101.6%

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8031
JP¥3,715.00
Mitsui
7D
8.4%
1Y
29.1%

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Mitsui's consensus Analyst Price Target saw a marginal increase to ¥3618, with valuation metrics such as Future P/E and Net Profit Margin remaining largely unchanged, indicating little shift in the company's perceived fair value. What's in the News Mitsui & Co. is participating as a partner in a consortium, led by BHP, that is investigating carbon capture utilization and storage (CCUS) opportunities across China, alongside major industry players such as ArcelorMittal Nippon Steel India, JSW Steel, Hyundai Steel, and Chevron (Bloomberg).
7203
JP¥2,962.50
Toyota Motor
7D
3.1%
1Y
14.7%

Recovering Production And Battery Investments Will Boost Future Profitability

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9983
JP¥48,490.00
Fast Retailing
7D
4.2%
1Y
10.0%

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Aug 26
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9432
JP¥159.20
NTT
7D
2.2%
1Y
2.4%

NTT (TSE:9432) Is Increasing Its Dividend To ¥2.65

Aug 26
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5401
JP¥3,387.00
Nippon Steel
7D
8.7%
1Y
9.9%

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Aug 25
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4063
JP¥4,403.00
Shin-Etsu Chemical
7D
-3.4%
1Y
-23.2%

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Aug 23
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7741
JP¥20,515.00
HOYA
7D
6.6%
1Y
7.1%