Narrative Update • May 16

The Financials sector gained 4.3% while the market remained flat over the last week. More promisingly, the market is up 40% over the past year. As for the next few years, earnings are expected to grow by 7.5% per annum.
Has the Japanese Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 18 May 2026 | JP¥1304.7t | JP¥1055.2t | JP¥70.7t | 14.3x | 18.4x | 1.2x |
| Wed, 15 Apr 2026 | JP¥1268.8t | JP¥1038.1t | JP¥65.6t | 14.7x | 19.3x | 1.2x |
| Fri, 13 Mar 2026 | JP¥1236.8t | JP¥1040.3t | JP¥65.7t | 14.7x | 18.8x | 1.2x |
| Sun, 08 Feb 2026 | JP¥1250.7t | JP¥1036.3t | JP¥64.7t | 15x | 19.3x | 1.2x |
| Tue, 06 Jan 2026 | JP¥1177.8t | JP¥1029.2t | JP¥64.3t | 14.5x | 18.3x | 1.1x |
| Thu, 04 Dec 2025 | JP¥1129.6t | JP¥1029.9t | JP¥64.5t | 14x | 17.5x | 1.1x |
| Sat, 01 Nov 2025 | JP¥1137.2t | JP¥1026.5t | JP¥60.8t | 14.4x | 18.7x | 1.1x |
| Mon, 29 Sep 2025 | JP¥1095.4t | JP¥1026.1t | JP¥59.8t | 14.9x | 18.3x | 1.1x |
| Wed, 27 Aug 2025 | JP¥1058.2t | JP¥1026.5t | JP¥59.8t | 14.5x | 17.7x | 1x |
| Fri, 25 Jul 2025 | JP¥1022.5t | JP¥1021.0t | JP¥61.9t | 13.8x | 16.5x | 1x |
| Sun, 22 Jun 2025 | JP¥958.9t | JP¥1029.0t | JP¥63.5t | 13.2x | 15.1x | 0.9x |
| Tue, 20 May 2025 | JP¥955.1t | JP¥1030.5t | JP¥63.7t | 13x | 15x | 0.9x |
| Thu, 17 Apr 2025 | JP¥876.0t | JP¥1021.5t | JP¥64.2t | 12.3x | 13.6x | 0.9x |
| Sat, 15 Mar 2025 | JP¥945.4t | JP¥1020.0t | JP¥64.3t | 13.2x | 14.7x | 0.9x |
| Mon, 10 Feb 2025 | JP¥954.9t | JP¥1017.3t | JP¥64.9t | 13.3x | 14.7x | 0.9x |
| Wed, 08 Jan 2025 | JP¥969.9t | JP¥1011.2t | JP¥61.9t | 13.7x | 15.7x | 1x |
| Fri, 06 Dec 2024 | JP¥955.2t | JP¥1008.5t | JP¥61.8t | 13.5x | 15.5x | 0.9x |
| Sun, 03 Nov 2024 | JP¥929.2t | JP¥1002.9t | JP¥59.6t | 13.2x | 15.6x | 0.9x |
| Tue, 01 Oct 2024 | JP¥932.5t | JP¥999.9t | JP¥60.1t | 13.4x | 15.5x | 0.9x |
| Thu, 29 Aug 2024 | JP¥949.8t | JP¥999.6t | JP¥60.0t | 13.5x | 15.8x | 1x |
| Sat, 27 Jul 2024 | JP¥949.9t | JP¥986.9t | JP¥58.4t | 14.2x | 16.3x | 1x |
| Mon, 24 Jun 2024 | JP¥961.3t | JP¥989.0t | JP¥58.6t | 14.2x | 16.4x | 1x |
| Wed, 22 May 2024 | JP¥973.0t | JP¥989.2t | JP¥58.5t | 14.1x | 16.6x | 1x |
| Fri, 19 Apr 2024 | JP¥950.0t | JP¥975.0t | JP¥57.0t | 14.4x | 16.7x | 1x |
| Sun, 17 Mar 2024 | JP¥952.9t | JP¥975.8t | JP¥56.9t | 14.5x | 16.8x | 1x |
| Tue, 13 Feb 2024 | JP¥916.4t | JP¥974.1t | JP¥56.6t | 14.4x | 16.2x | 0.9x |
| Thu, 11 Jan 2024 | JP¥881.2t | JP¥971.1t | JP¥52.4t | 14.5x | 16.8x | 0.9x |
| Sat, 09 Dec 2023 | JP¥842.6t | JP¥974.2t | JP¥52.5t | 13.9x | 16x | 0.9x |
| Mon, 06 Nov 2023 | JP¥842.9t | JP¥972.9t | JP¥56.8t | 13.8x | 14.8x | 0.9x |
| Wed, 04 Oct 2023 | JP¥842.8t | JP¥971.5t | JP¥55.3t | 13.9x | 15.2x | 0.9x |
| Fri, 01 Sep 2023 | JP¥850.4t | JP¥971.1t | JP¥55.2t | 14.2x | 15.4x | 0.9x |
| Sun, 30 Jul 2023 | JP¥836.6t | JP¥961.3t | JP¥51.5t | 14.1x | 16.2x | 0.9x |
| Tue, 27 Jun 2023 | JP¥825.2t | JP¥957.2t | JP¥51.1t | 13.9x | 16.2x | 0.9x |
| Thu, 25 May 2023 | JP¥787.8t | JP¥958.8t | JP¥51.0t | 13.5x | 15.4x | 0.8x |
15.4x
Which sectors have driven the changes within the Japanese Market?
| JP Market | 0.56% | |
| Financials | 4.32% | |
| Energy | 3.88% | |
| Consumer Discretionary | 2.98% | |
| Consumer Staples | 1.27% | |
| Healthcare | 0.73% | |
| Industrials | 0.60% | |
| Utilities | 0.31% | |
| Materials | -0.37% | |
| Telecom | -2.00% | |
| Tech | -3.05% | |
| Real Estate | -3.67% | |
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| 6098 Recruit Holdings | JP¥9.11k | 18.3% +JP¥2.0t | 9.8% | PE25.5x | Industrials | |
| 8306 Mitsubishi UFJ Financial Group | JP¥3.01k | 5.2% +JP¥1.7t | 52.6% | PB1.5x | Financials | |
| 6758 Sony Group | JP¥3.60k | 6.9% +JP¥1.4t | -0.2% | PE20.7x | Consumer Discretionary | |
| 7203 Toyota Motor | JP¥2.95k | 2.7% +JP¥1.0t | 10.6% | PE10x | Consumer Discretionary | |
| 8058 Mitsubishi | JP¥5.51k | 4.8% +JP¥926.4b | 89.8% | PE25.2x | Industrials |