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Japanese (NIKKEI) Market Analysis & Valuation

UpdatedApr 26, 2026
DataAggregated Company Financials
Companies3912
  • 7D-0.9%
  • 3M2.8%
  • 1Y40.3%
  • YTD7.3%

The Communication Services sector gained 6.5% while the market remained flat over the last week. Meanwhile, the market is actually up 40% over the past year. As for the next few years, earnings are expected to grow by 10% 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
Sun, 26 Apr 2026JP¥1258.2tJP¥1038.9tJP¥65.6t14.3x19.2x1.2x
Tue, 24 Mar 2026JP¥1179.1tJP¥1039.5tJP¥65.6t14.1x18x1.1x
Thu, 19 Feb 2026JP¥1290.6tJP¥1040.6tJP¥65.7t15.3x19.6x1.2x
Sat, 17 Jan 2026JP¥1235.1tJP¥1027.4tJP¥64.4t15.1x19.2x1.2x
Mon, 15 Dec 2025JP¥1157.7tJP¥1029.9tJP¥64.2t14.2x18x1.1x
Wed, 12 Nov 2025JP¥1135.0tJP¥1030.7tJP¥62.3t14.3x18.2x1.1x
Fri, 10 Oct 2025JP¥1110.5tJP¥1023.7tJP¥59.7t14.7x18.6x1.1x
Sun, 07 Sep 2025JP¥1069.9tJP¥1026.4tJP¥59.8t14.7x17.9x1x
Tue, 05 Aug 2025JP¥1005.3tJP¥1022.3tJP¥60.6t14x16.6x1x
Thu, 03 Jul 2025JP¥974.3tJP¥1026.9tJP¥62.8t13.3x15.5x0.9x
Sat, 31 May 2025JP¥974.7tJP¥1033.5tJP¥63.7t13.1x15.3x0.9x
Mon, 28 Apr 2025JP¥918.2tJP¥1021.6tJP¥64.4t12.8x14.3x0.9x
Wed, 26 Mar 2025JP¥971.6tJP¥1019.4tJP¥64.3t13.5x15.1x1x
Fri, 21 Feb 2025JP¥952.6tJP¥1020.2tJP¥64.4t13.1x14.8x0.9x
Sun, 19 Jan 2025JP¥933.5tJP¥1010.1tJP¥61.9t13.3x15.1x0.9x
Tue, 17 Dec 2024JP¥954.0tJP¥1005.1tJP¥61.6t13.6x15.5x0.9x
Thu, 14 Nov 2024JP¥945.6tJP¥1005.7tJP¥60.7t13.4x15.6x0.9x
Sat, 12 Oct 2024JP¥951.3tJP¥999.0tJP¥60.1t13.5x15.8x1x
Mon, 09 Sep 2024JP¥916.5tJP¥1000.0tJP¥60.1t13.3x15.2x0.9x
Wed, 07 Aug 2024JP¥860.6tJP¥992.1tJP¥58.6t12.4x14.7x0.9x
Fri, 05 Jul 2024JP¥1013.3tJP¥986.0tJP¥58.3t14.6x17.4x1x
Sun, 02 Jun 2024JP¥974.9tJP¥989.4tJP¥58.6t14.1x16.6x1x
Tue, 30 Apr 2024JP¥952.8tJP¥975.4tJP¥57.3t14.4x16.6x1x
Thu, 28 Mar 2024JP¥997.7tJP¥976.5tJP¥56.9t15x17.5x1x
Sat, 24 Feb 2024JP¥950.8tJP¥975.6tJP¥56.6t14.3x16.8x1x
Mon, 22 Jan 2024JP¥901.3tJP¥971.4tJP¥52.5t14.5x17.2x0.9x
Wed, 20 Dec 2023JP¥844.4tJP¥971.1tJP¥52.5t14x16.1x0.9x
Fri, 17 Nov 2023JP¥861.1tJP¥976.6tJP¥52.4t13.8x16.4x0.9x
Sun, 15 Oct 2023JP¥839.6tJP¥971.4tJP¥55.2t13.9x15.2x0.9x
Tue, 12 Sep 2023JP¥858.5tJP¥971.2tJP¥55.2t14.3x15.6x0.9x
Thu, 10 Aug 2023JP¥832.3tJP¥966.8tJP¥55.2t13.9x15.1x0.9x
Sat, 08 Jul 2023JP¥823.4tJP¥957.1tJP¥50.6t13.9x16.3x0.9x
Mon, 05 Jun 2023JP¥797.8tJP¥959.1tJP¥51.1t13.4x15.6x0.8x
Wed, 03 May 2023JP¥763.3tJP¥941.1tJP¥47.8t13.4x16x0.8x
Price to Earnings Ratio

16x


Total Market Cap: JP¥763.3tTotal Earnings: JP¥47.8tTotal Revenue: JP¥941.1tTotal 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 19.2x which is higher than its 3-year average PE of 16.4x.
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 Market-0.95%
Telecom6.48%
Tech3.29%
Industrials-0.027%
Real Estate-1.28%
Healthcare-2.03%
Materials-2.08%
Consumer Staples-2.83%
Energy-3.51%
Financials-4.14%
Consumer Discretionary-4.81%
Utilities-4.96%
Sector PE
  • Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 25.4x.
    • The market's confidence is likely because analysts are expecting annual earnings growth of 20.6%, which is higher than its past year's earnings growth of 11.6% per year.
  • The Utilities sector is the least preferred by investors for future growth. Although, investor sentiment seems to have improved given that it's trading above its 3-year average.
Forecasted Growth
  • Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 21% 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 8.6% 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
9984 SoftBank GroupJP¥5.96k31.7%
+JP¥8.2t		230.2%PE9.3xTelecom
285A Kioxia HoldingsJP¥34.58k13.3%
+JP¥2.2t		1,749.2%PE113.1xTech
7011 Mitsubishi Heavy IndustriesJP¥4.74k8.4%
+JP¥1.2t		72.4%PE51.2xIndustrials
6857 AdvantestJP¥29.44k5.6%
+JP¥1.1t		390.7%PE74.7xTech
4062 IbidenLtdJP¥12.54k35.8%
+JP¥922.9b		545.4%PE87.8xTech
See more

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Latest News

4519
JP¥8,845.00
Chugai Pharmaceutical
7D
5.9%
1Y
6.9%
6723
JP¥3,141.00
Renesas Electronics
7D
12.4%
1Y
77.0%
4062
JP¥12,540.00
IbidenLtd
7D
35.8%
1Y
545.4%
6857
JP¥29,440.00
Advantest
7D
5.6%
1Y
390.7%
285A
JP¥34,580.00
Kioxia Holdings
7D
13.3%
1Y
1,749.2%
4568
JP¥2,499.00
Daiichi Sankyo Company
7D
-15.0%
1Y
-29.1%

4568: Broad Oncology Pipeline And Buyback Progress Will Support A Higher Future Market Rating

Analysts have reduced their price target on Daiichi Sankyo Company from about ¥3,623 to roughly ¥3,065, citing updated assumptions that pair lower expected revenue growth with a slightly higher profit margin outlook and a more restrained future P/E of around 20x. What's in the News The share buyback program was completed, with 31,457,200 shares repurchased for ¥91,846.79 million, representing 1.7% of shares, under the authorization announced on April 25, 2025 (Key Developments).
6758
JP¥3,208.00
Sony Group
7D
-5.5%
1Y
-9.3%

6758: Gaming And Music Content Portfolio Will Offset Rising AI Memory Costs

Analysts have trimmed their blended price targets on Sony Group, reflecting a shift to more cautious revenue growth assumptions, concerns about PS5 hardware margins under rising memory costs, and fresh questions around the resilience of Sony Music's catalog value in the face of AI generated content. Analyst Commentary Recent research has focused on two pressure points for Sony Group: console hardware profitability and the durability of music catalog economics as AI generated content expands.
8035
JP¥45,850.00
Tokyo Electron
7D
4.2%
1Y
115.8%

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.
7011
JP¥4,738.00
Mitsubishi Heavy Industries
7D
8.4%
1Y
72.4%
9983
JP¥70,090.00
Fast Retailing
7D
-5.3%
1Y
49.9%

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8306
JP¥2,755.50
Mitsubishi UFJ Financial Group
7D
-4.0%
1Y
58.8%

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¥5,963.00
SoftBank Group
7D
31.7%
1Y
230.2%

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.
7203
JP¥3,067.00
Toyota Motor
7D
-8.3%
1Y
14.0%
8316
JP¥5,347.00
Sumitomo Mitsui Financial Group
7D
-4.5%
1Y
62.5%
8411
JP¥6,427.00
Mizuho Financial Group
7D
-5.0%
1Y
84.2%

8411: Extended Buybacks And Stable Earnings Outlook Will Support Fair Value

Analysts have kept their ¥6,920 price target for Mizuho Financial Group unchanged, citing only slight refinements in assumptions such as the discount rate and future P/E ratio, rather than any change in the core earnings outlook. What's in the News Mizuho Financial Group completed a share repurchase of 47,016,600 shares, representing 1.9% of shares for ¥299,999.89 million under the buyback program announced on November 14, 2025 (company disclosure).
7182
JP¥2,510.00
JAPAN POST BANK
7D
-8.1%
1Y
75.0%