Narrative Update • Jul 06

In the last week, the market has been flat, with a notable exception in the Information Technology sector dropping 3.9%. As for the longer term, the market has risen 43% in the past 12 months. As for the next few years, earnings are expected to grow by 10% per annum.
Has the Japanese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sat, 11 Jul 2026 | JP¥1359.9t | JP¥1052.9t | JP¥69.2t | 14.1x | 19.6x | 1.3x |
| Mon, 08 Jun 2026 | JP¥1336.5t | JP¥1054.9t | JP¥71.2t | 13.7x | 18.8x | 1.3x |
| Wed, 06 May 2026 | JP¥1261.7t | JP¥1041.6t | JP¥66.2t | 14.3x | 19.1x | 1.2x |
| Fri, 03 Apr 2026 | JP¥1215.6t | JP¥1038.4t | JP¥65.6t | 14.4x | 18.5x | 1.2x |
| Sun, 01 Mar 2026 | JP¥1332.0t | JP¥1040.7t | JP¥65.7t | 15.6x | 20.3x | 1.3x |
| Tue, 27 Jan 2026 | JP¥1203.6t | JP¥1026.8t | JP¥64.4t | 14.9x | 18.7x | 1.2x |
| Thu, 25 Dec 2025 | JP¥1155.5t | JP¥1029.1t | JP¥64.3t | 14.4x | 18x | 1.1x |
| Sat, 22 Nov 2025 | JP¥1121.2t | JP¥1031.5t | JP¥64.5t | 13.9x | 17.4x | 1.1x |
| Mon, 20 Oct 2025 | JP¥1083.6t | JP¥1025.7t | JP¥59.8t | 14.3x | 18.1x | 1.1x |
| Wed, 17 Sep 2025 | JP¥1091.6t | JP¥1026.5t | JP¥59.8t | 14.9x | 18.2x | 1.1x |
| Fri, 15 Aug 2025 | JP¥1049.6t | JP¥1022.7t | JP¥58.6t | 14.3x | 17.9x | 1x |
| Sun, 13 Jul 2025 | JP¥973.6t | JP¥1022.2t | JP¥62.1t | 13.5x | 15.7x | 1x |
| Tue, 10 Jun 2025 | JP¥968.8t | JP¥1035.0t | JP¥63.7t | 13.2x | 15.2x | 0.9x |
| Thu, 08 May 2025 | JP¥941.4t | JP¥1024.1t | JP¥64.6t | 13.1x | 14.6x | 0.9x |
| Sat, 05 Apr 2025 | JP¥867.8t | JP¥1020.9t | JP¥64.1t | 12.2x | 13.5x | 0.9x |
| Mon, 03 Mar 2025 | JP¥935.5t | JP¥1020.2t | JP¥64.4t | 13x | 14.5x | 0.9x |
| Wed, 29 Jan 2025 | JP¥959.6t | JP¥1009.9t | JP¥61.9t | 13.7x | 15.5x | 1x |
| Fri, 27 Dec 2024 | JP¥954.0t | JP¥1011.0t | JP¥61.7t | 13.5x | 15.4x | 0.9x |
| Sun, 24 Nov 2024 | JP¥940.8t | JP¥1007.3t | JP¥61.7t | 13.6x | 15.2x | 0.9x |
| Tue, 22 Oct 2024 | JP¥940.5t | JP¥1001.0t | JP¥60.1t | 13.4x | 15.7x | 0.9x |
| Thu, 19 Sep 2024 | JP¥906.9t | JP¥987.2t | JP¥59.7t | 13.4x | 15.2x | 0.9x |
| Sat, 17 Aug 2024 | JP¥942.3t | JP¥998.0t | JP¥59.9t | 13.3x | 15.7x | 0.9x |
| Mon, 15 Jul 2024 | JP¥1015.3t | JP¥987.1t | JP¥58.6t | 14.6x | 17.3x | 1x |
| Wed, 12 Jun 2024 | JP¥976.4t | JP¥988.9t | JP¥58.6t | 14.2x | 16.7x | 1x |
| Fri, 10 May 2024 | JP¥961.0t | JP¥976.3t | JP¥56.9t | 14.5x | 16.9x | 1x |
| Sun, 07 Apr 2024 | JP¥962.0t | JP¥975.8t | JP¥56.9t | 14.5x | 16.9x | 1x |
| Tue, 05 Mar 2024 | JP¥966.2t | JP¥975.8t | JP¥56.9t | 14.4x | 17x | 1x |
| Thu, 01 Feb 2024 | JP¥915.1t | JP¥971.4t | JP¥52.4t | 14.8x | 17.5x | 0.9x |
| Sat, 30 Dec 2023 | JP¥855.2t | JP¥971.2t | JP¥52.5t | 14.1x | 16.3x | 0.9x |
| Mon, 27 Nov 2023 | JP¥867.4t | JP¥977.6t | JP¥53.1t | 14.1x | 16.3x | 0.9x |
| Wed, 25 Oct 2023 | JP¥815.9t | JP¥972.0t | JP¥55.3t | 13.7x | 14.8x | 0.8x |
| Fri, 22 Sep 2023 | JP¥865.9t | JP¥971.4t | JP¥55.2t | 14.3x | 15.7x | 0.9x |
| Sun, 20 Aug 2023 | JP¥815.4t | JP¥970.5t | JP¥55.1t | 13.7x | 14.8x | 0.8x |
| Tue, 18 Jul 2023 | JP¥818.6t | JP¥957.5t | JP¥50.6t | 13.7x | 16.2x | 0.9x |
16.2x
Which sectors have driven the changes within the Japanese Market?
| JP Market | -0.89% | |
| Energy | 2.75% | |
| Financials | 2.00% | |
| Telecom | 1.92% | |
| Utilities | 0.13% | |
| Real Estate | -0.56% | |
| Consumer Discretionary | -0.69% | |
| Consumer Staples | -0.75% | |
| Industrials | -1.21% | |
| Healthcare | -1.39% | |
| Materials | -1.82% | |
| Tech | -3.91% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| 8306 Mitsubishi UFJ Financial Group | JP¥3.46k | 4.1% +JP¥1.5t | 72.4% | PB2x | Financials | |
| 9984 SoftBank Group | JP¥6.37k | 3.3% +JP¥1.1t | 140.6% | PE7.3x | Telecom | |
| 4063 Shin-Etsu Chemical | JP¥7.32k | 5.2% +JP¥673.2b | 55.9% | PE28.7x | Materials | |
| 8411 Mizuho Financial Group | JP¥8.31k | 2.8% +JP¥557.2b | 103.5% | PB1.8x | Financials | |
| 8316 Sumitomo Mitsui Financial Group | JP¥6.81k | 2.1% +JP¥539.5b | 86.7% | PB1.4x | Financials |