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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedApr 03, 2026
DataAggregated Company Financials
Companies3906
  • 7D-0.9%
  • 3M5.5%
  • 1Y39.3%
  • YTD3.6%

The market has been flat in the last week, however the Information Technology sector is down 3.1%. As for the longer term, the market has risen 39% in the past 12 months. Earnings are forecast to grow by 9.9% annually.

Trending IndustriesOil and GasBiotechSoftwareRenewable Energy

Market Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 03 Apr 2026JP¥1215.6tJP¥1038.4tJP¥65.6t14.4x18.5x1.2x
Sun, 01 Mar 2026JP¥1332.0tJP¥1040.7tJP¥65.7t15.6x20.3x1.3x
Tue, 27 Jan 2026JP¥1203.6tJP¥1026.8tJP¥64.4t14.9x18.7x1.2x
Thu, 25 Dec 2025JP¥1155.5tJP¥1029.1tJP¥64.3t14.4x18x1.1x
Sat, 22 Nov 2025JP¥1121.2tJP¥1031.5tJP¥64.5t13.9x17.4x1.1x
Mon, 20 Oct 2025JP¥1083.6tJP¥1025.7tJP¥59.8t14.3x18.1x1.1x
Wed, 17 Sep 2025JP¥1091.6tJP¥1026.5tJP¥59.8t14.9x18.2x1.1x
Fri, 15 Aug 2025JP¥1049.6tJP¥1022.7tJP¥58.6t14.3x17.9x1x
Sun, 13 Jul 2025JP¥973.6tJP¥1022.2tJP¥62.1t13.5x15.7x1x
Tue, 10 Jun 2025JP¥968.8tJP¥1035.0tJP¥63.7t13.2x15.2x0.9x
Thu, 08 May 2025JP¥941.4tJP¥1024.1tJP¥64.6t13.1x14.6x0.9x
Sat, 05 Apr 2025JP¥867.8tJP¥1020.9tJP¥64.1t12.2x13.5x0.9x
Mon, 03 Mar 2025JP¥935.5tJP¥1020.2tJP¥64.4t13x14.5x0.9x
Wed, 29 Jan 2025JP¥959.6tJP¥1009.9tJP¥61.9t13.7x15.5x1x
Fri, 27 Dec 2024JP¥954.0tJP¥1011.0tJP¥61.7t13.5x15.4x0.9x
Sun, 24 Nov 2024JP¥940.8tJP¥1007.3tJP¥61.7t13.6x15.2x0.9x
Tue, 22 Oct 2024JP¥940.5tJP¥1001.0tJP¥60.1t13.4x15.7x0.9x
Thu, 19 Sep 2024JP¥906.9tJP¥987.2tJP¥59.7t13.4x15.2x0.9x
Sat, 17 Aug 2024JP¥942.3tJP¥998.0tJP¥59.9t13.3x15.7x0.9x
Mon, 15 Jul 2024JP¥1015.3tJP¥987.1tJP¥58.6t14.6x17.3x1x
Wed, 12 Jun 2024JP¥976.4tJP¥988.9tJP¥58.6t14.2x16.7x1x
Fri, 10 May 2024JP¥961.0tJP¥976.3tJP¥56.9t14.5x16.9x1x
Sun, 07 Apr 2024JP¥962.0tJP¥975.8tJP¥56.9t14.5x16.9x1x
Tue, 05 Mar 2024JP¥966.2tJP¥975.8tJP¥56.9t14.4x17x1x
Thu, 01 Feb 2024JP¥915.1tJP¥971.4tJP¥52.4t14.8x17.5x0.9x
Sat, 30 Dec 2023JP¥855.2tJP¥971.2tJP¥52.5t14.1x16.3x0.9x
Mon, 27 Nov 2023JP¥867.4tJP¥977.6tJP¥53.1t14.1x16.3x0.9x
Wed, 25 Oct 2023JP¥815.9tJP¥972.0tJP¥55.3t13.7x14.8x0.8x
Fri, 22 Sep 2023JP¥865.9tJP¥971.4tJP¥55.2t14.3x15.7x0.9x
Sun, 20 Aug 2023JP¥815.4tJP¥970.5tJP¥55.1t13.7x14.8x0.8x
Tue, 18 Jul 2023JP¥818.6tJP¥957.5tJP¥50.6t13.7x16.2x0.9x
Thu, 15 Jun 2023JP¥836.9tJP¥959.2tJP¥51.1t13.8x16.4x0.9x
Sat, 13 May 2023JP¥769.4tJP¥946.2tJP¥47.1t13.5x16.3x0.8x
Mon, 10 Apr 2023JP¥723.3tJP¥934.4tJP¥46.6t12.7x15.5x0.8x
Price to Earnings Ratio

15.5x


Total Market Cap: JP¥723.3tTotal Earnings: JP¥46.6tTotal Revenue: JP¥934.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Market Price to Earnings3Y Average 16.4x202420252026
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 18.5x which is higher than its 3-year average PE of 16.4x.
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 3.6% 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-0.87%
Healthcare2.77%
Consumer Staples2.23%
Utilities1.51%
Financials0.48%
Energy-0.16%
Consumer Discretionary-1.13%
Industrials-1.37%
Real Estate-1.46%
Materials-1.71%
Telecom-2.19%
Tech-3.08%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 25.1x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 18.2%, which is higher than its past year's earnings growth of 11.3% per year.
  • The Telecom sector is the least preferred by investors for future growth, which is trading below its 3-year average of 23.1x.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 18% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Telecom sector is expected to see its earnings decline by 3.0% 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¥21.98k8.4%
+JP¥930.4b		1,067.0%PE71.8xTech
9983 Fast RetailingJP¥64.69k4.7%
+JP¥892.9b		44.1%PE44.3xConsumer Discretionary
7011 Mitsubishi Heavy IndustriesJP¥4.81k5.1%
+JP¥786.3b		103.1%PE52xIndustrials
6758 Sony GroupJP¥3.33k3.8%
+JP¥720.6b		-0.4%PE15.8xConsumer Discretionary
8306 Mitsubishi UFJ Financial GroupJP¥2.77k2.1%
+JP¥654.7b		66.2%PB1.5xFinancials
See more

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Latest News

8031
JP¥6,387.00
Mitsui
7D
-2.3%
1Y
140.8%
9984
JP¥3,615.00
SoftBank Group
7D
-8.4%
1Y
117.2%
7011
JP¥4,811.00
Mitsubishi Heavy Industries
7D
5.1%
1Y
103.1%
8058
JP¥5,488.00
Mitsubishi
7D
-4.8%
1Y
115.9%
8306
JP¥2,773.00
Mitsubishi UFJ Financial Group
7D
2.1%
1Y
66.2%

8306: Leadership Shift And Buybacks Will Support Stronger Future Upside

The analyst price target for Mitsubishi UFJ Financial Group has been raised from ¥2,596 to ¥3,060, with analysts pointing to updated assumptions for revenue growth, profit margin, discount rate and future P/E as the key drivers of this change. What's in the News A board meeting is scheduled for March 5, 2026, to consider changes in Representative Corporate Executives, which could affect the senior leadership mix at Mitsubishi UFJ Financial Group (Key Developments).
6098
JP¥6,944.00
Recruit Holdings
7D
6.5%
1Y
-6.5%
6857
JP¥21,585.00
Advantest
7D
-2.2%
1Y
281.8%

6857: Capital Returns And Margin Strength Will Support Future Upside

Analysts have raised their price target on Advantest from about ¥19,200 to roughly ¥28,400, citing updated assumptions for higher revenue growth, stronger profit margins and a slightly different P/E outlook as key drivers of the change. What's in the News A board meeting is scheduled for January 28, 2026, to discuss the cancellation of treasury shares, indicating a focus on capital structure decisions (company filing).
7203
JP¥3,264.00
Toyota Motor
7D
-4.2%
1Y
35.6%

7203: US EV Expansion And Buybacks Will Support Bullish Outlook

Analysts kept their fair value estimate for Toyota Motor steady at about ¥4,033 per share, citing small adjustments to assumed revenue growth, profit margin, and future P/E that largely offset each other in their price target work. What's in the News CEO transition planned for April 1, 2026, with current Chief Executive Officer Koji Sato stepping down and Chief Financial Officer Kenta Kon taking over.
8766
JP¥7,262.00
Tokio Marine Holdings
7D
-3.3%
1Y
40.9%

8766: Share Buyback And New Partner Relationship Will Support Future Returns

Analysts have raised their price target for Tokio Marine Holdings from ¥6,982 to approximately ¥7,367, citing updated assumptions for revenue growth, profit margins and future P/E levels. What's in the News Tokio Marine Holdings approved a share repurchase program of up to 48,207,200 shares, about 2.6% of issued share capital, with a total budget of ¥287.4b, running through September 18, 2026, primarily to offset dilution from a treasury share disposition (Key Developments).
8035
JP¥38,570.00
Tokyo Electron
7D
-1.8%
1Y
103.4%
8316
JP¥5,388.00
Sumitomo Mitsui Financial Group
7D
2.7%
1Y
72.4%
4063
JP¥6,444.00
Shin-Etsu Chemical
7D
5.0%
1Y
65.5%
7974
JP¥8,730.00
Nintendo
7D
-5.3%
1Y
-12.5%
6758
JP¥3,331.00
Sony Group
7D
3.8%
1Y
-0.4%

6758: Content Franchises Will Offset Memory And AI Risks Over Time

Analysts have nudged their fair value estimate for Sony Group lower from about ¥4,969 to roughly ¥4,887. This reflects slightly softer long term revenue growth assumptions, marginally slimmer profit margins, and a modestly reduced future P/E, as they factor in potential pressure on PlayStation hardware economics from higher memory costs and ongoing questions around AI risk for the music business.
285A
JP¥21,975.00
Kioxia Holdings
7D
8.4%
1Y
1,067.0%
9983
JP¥64,690.00
Fast Retailing
7D
4.7%
1Y
44.1%