Nikkei 225 stocks list: the 100 KabuFacts covers
Return on equity and price-to-book
11 of the 96 companies with a computed PBR had one below 1 on 9 October 2026. A PBR below 1 means the shares trade below the company's net assets per share.
PBR (share price ÷ book value per share) equals ROE × PER: the return on shareholders' equity times the multiple of earnings the shares trade at. Each dot is one company; the gold dashed line is PBR = 1.
On 31 March 2023 the Tokyo Stock Exchange asked listed companies to manage with their cost of capital and share price in mind. It asked those with a PBR persistently below 1 to disclose plans to raise it.
Hollow rings mark companies whose values fall off the scale; they sit at the edge, and the data table gives the exact figures.
Show data table
| Company | ROE (return on equity) | PBR (times book value) |
|---|---|---|
| 1605 INPEX | 8.2% | 0.89x |
| 1812 Kajima | 13.3% | 1.56x |
| 2502 Asahi Group Holdings | 4.3% | 0.77x |
| 2503 Kirin Holdings | 12% | 1.76x |
| 2768 Sojitz | 10.1% | 1.02x |
| 2802 Ajinomoto | 17.7% | 6.71x |
| 2914 Japan Tobacco | 13% | 3.14x |
| 3382 Seven & I Holdings | 7.6% | 1.27x |
| 3407 Asahi Kasei | 8% | 1.03x |
| 4004 Resonac Holdings | 4.3% | 4.55x |
| 4063 Shin-Etsu Chemical | 10.4% | 2.54x |
| 4307 Nomura Research Institute | 3.5% | 7.43x |
| 4502 Takeda Pharmaceutical | −2.1% | 1.24x |
| 4503 Astellas Pharma | 17.4% | 2.2x |
| 4507 Shionogi | 13.5% | 1.39x |
| 4519 Chugai Pharmaceutical | 22.1% | 4.89x |
| 4543 Terumo | 9.2% | 2.13x |
| 4568 Daiichi Sankyo | 15.8% | 2.87x |
| 4578 Otsuka Holdings | 12.6% | 2.03x |
| 4661 Oriental Land | 11.7% | 4.42x |
| 4689 LY Corp. | 6.5% | 1.17x |
| 4901 Fujifilm Holdings | 7.7% | 1.08x |
| 5016 JX Advanced Metals | 15.6% | 4.62x |
| 5020 ENEOS Holdings | 8% | 1.09x |
| 5108 Bridgestone | 8.9% | 1.36x |
| 5401 Nippon Steel | 0.3% | 0.59x |
| 5713 Sumitomo Metal Mining | 9% | 1.23x |
| 6098 Recruit Holdings | 31% | 15.66x |
| 6146 Disco | 25.1% | 11.36x |
| 6178 Japan Post Holdings | 4% | 0.68x |
| 6273 SMC | 8.3% | 2.18x |
| 6301 Komatsu | 11.3% | 1.87x |
| 6326 Kubota | 7.3% | 1.14x |
| 6367 Daikin Industries | 9.1% | 1.91x |
| 6501 Hitachi | 12.9% | 3.88x |
| 6503 Mitsubishi Electric | 9.7% | 2.35x |
| 6525 Kokusai Electric | 14.5% | 10.75x |
| 6701 NEC | 13% | 3.16x |
| 6702 Fujitsu | 23.9% | 3.64x |
| 6723 Renesas Electronics | −2.1% | 2.67x |
| 6752 Panasonic Holdings | 3.8% | 1.99x |
| 6762 TDK | 9.8% | 2.84x |
| 6857 Advantest | 57.6% | 37.91x |
| 6861 Keyence | 13.5% | 5.63x |
| 6902 Denso | 8.5% | 0.89x |
| 6920 Lasertec | 33.9% | 17.63x |
| 6954 Fanuc | 9.3% | 3.05x |
| 6971 Kyocera | 4.3% | 1.48x |
| 6981 Murata Manufacturing | 8.8% | 5.34x |
| 6988 Nitto Denko | 12.2% | 2.12x |
| 7011 Mitsubishi Heavy Industries | 12.2% | 3.99x |
| 7013 IHI | 28.4% | 4.27x |
| 7203 Toyota Motor | 10.1% | 0.95x |
| 7267 Honda Motor | −3.5% | 0.57x |
| 7269 Suzuki Motor | 13.8% | 1.16x |
| 7272 Yamaha Motor | 1.4% | 1.55x |
| 7741 HOYA | 25.4% | 8.24x |
| 7751 Canon | 9.7% | 1.18x |
| 7832 Bandai Namco Holdings | 17% | 4.35x |
| 7974 Nintendo | 14.9% | 3.18x |
| 8001 ITOCHU | 14.6% | 2.29x |
| 8002 Marubeni | 13.6% | 1.77x |
| 8015 Toyota Tsusho | 12.8% | 2.38x |
| 8031 Mitsui & Co. | 10.2% | 1.54x |
| 8058 Mitsubishi Corp. | 8.5% | 1.78x |
| 8267 AEON | 6.4% | 2.75x |
| 8306 Mitsubishi UFJ Financial Group | 11.3% | 1.75x |
| 8308 Resona Holdings | 9.2% | 1.86x |
| 8411 Mizuho Financial Group | 11.5% | 1.77x |
| 8591 ORIX | 10.4% | 1.41x |
| 8601 Daiwa Securities Group | 10.3% | 1.36x |
| 8604 Nomura Holdings | 10.1% | 1.16x |
| 8630 Sompo Holdings | 13.7% | 1.13x |
| 8697 Japan Exchange Group | 23.1% | 6.76x |
| 8725 MS&AD Insurance Group Holdings | 8.6% | 1.11x |
| 8750 Daiichi Life Group | 11.1% | 1.51x |
| 8795 T&D Holdings | 9.2% | 1.41x |
| 8801 Mitsui Fudosan | 8.7% | 1.2x |
| 8802 Mitsubishi Estate | 8.5% | 1.55x |
| 8830 Sumitomo Realty & Development | 9.2% | 1.15x |
| 9020 East Japan Railway | 8.4% | 1.25x |
| 9022 Central Japan Railway | 11.4% | 0.68x |
| 9101 Nippon Yusen | 7.1% | 0.97x |
| 9104 Mitsui O.S.K. Lines | 7.7% | 0.87x |
| 9432 NTT | 10.4% | 1.45x |
| 9433 KDDI | 14% | 2.17x |
| 9434 SoftBank | 19.3% | 4.39x |
| 9503 Kansai Electric Power | 11.7% | 0.85x |
| 9531 Tokyo Gas | 13.2% | 1.16x |
| 9532 Osaka Gas | 8.7% | 1.18x |
| 9697 Capcom | 22.1% | 6.87x |
| 9735 Secom | 8.7% | 1.96x |
| 9766 Konami Group | 19.1% | 5.55x |
| 9983 Fast Retailing | 20.2% | 9.69x |
| 9984 SoftBank Group | 34.3% | 1.9x |
How the 100 spread
Each bar counts the companies whose figure falls in its range. The gold dashed line marks the median: half the companies sit above it, half below. The two end bars also hold the few companies beyond the range shown.
Show data table
| PBR | Companies |
|---|---|
| 0.68x – 1.35x | 30 |
| 1.35x – 2.01x | 23 |
| 2.01x – 2.68x | 11 |
| 2.68x – 3.34x | 8 |
| 3.34x – 4.01x | 3 |
| 4.01x – 4.67x | 6 |
| 4.67x – 5.34x | 1 |
| 5.34x – 6x | 14 |
Show data table
| ROE | Companies |
|---|---|
| 0.3% – 4.5% | 11 |
| 4.5% – 8.7% | 19 |
| 8.7% – 12.9% | 34 |
| 12.9% – 17.1% | 17 |
| 17.1% – 21.3% | 5 |
| 21.3% – 25.5% | 6 |
| 25.5% – 29.7% | 2 |
| 29.7% – 33.9% | 5 |
Dividend yield (trailing) (95 companies)
Show data table
| Dividend yield (trailing) | Companies |
|---|---|
| 0.37% – 0.78% | 14 |
| 0.78% – 1.19% | 14 |
| 1.19% – 1.61% | 11 |
| 1.61% – 2.02% | 10 |
| 2.02% – 2.43% | 11 |
| 2.43% – 2.84% | 15 |
| 2.84% – 3.26% | 8 |
| 3.26% – 3.67% | 12 |
FCF margin (non-financial) (90 companies)
Show data table
| FCF margin (non-financial) | Companies |
|---|---|
| −21.07% – −15.33% | 4 |
| −15.33% – −9.59% | 4 |
| −9.59% – −3.85% | 2 |
| −3.85% – 1.88% | 16 |
| 1.88% – 7.62% | 31 |
| 7.62% – 13.36% | 16 |
| 13.36% – 19.1% | 10 |
| 19.1% – 24.84% | 7 |
All 100 companies
| Code | Company | Segment | Sector | Market cap (issued shares) | PBR | Yield (trailing) | ROE |
|---|---|---|---|---|---|---|---|
| 7203 | Toyota Motor | Prime | Automobiles & Transportation Equipment | ¥45.97 trillion | 0.95x | 3.26% | 10.1% |
| 8306 | Mitsubishi UFJ Financial Group | Prime | Banks | ¥41.09 trillion | 1.75x | 2.48% | 11.34% |
| 9984 | SoftBank Group | Prime | IT & Services, Others | ¥33.15 trillion | 1.9x | 0.19% | 34.3% |
| 6857 | Advantest | Prime | Electric Appliances & Precision Instruments | ¥30.46 trillion | 37.91x | 0.14% | 57.6% |
| 6098 | Recruit Holdings | Prime | IT & Services, Others | ¥26.14 trillion | 15.66x | 0.14% | 31% |
| 6501 | Hitachi | Prime | Electric Appliances & Precision Instruments | ¥25.71 trillion | 3.88x | 0.88% | 12.9% |
| 6758 | Sony Group | Prime | Electric Appliances & Precision Instruments | ¥23.46 trillion | 2.78x | 0.66% | — |
| 9983 | Fast Retailing | Prime | Retail Trade | ¥22.84 trillion | 9.69x | 0.7% | 20.2% |
| 8411 | Mizuho Financial Group | Prime | Banks | ¥20.45 trillion | 1.77x | 1.77% | 11.47% |
| 6861 | Keyence | Prime | Electric Appliances & Precision Instruments | ¥19.59 trillion | 5.63x | 0.68% | 13.53% |
| 8058 | Mitsubishi Corp. | Prime | Commercial & Wholesale Trade | ¥18.52 trillion | 1.78x | 2.39% | 8.5% |
| 8001 | ITOCHU | Prime | Commercial & Wholesale Trade | ¥17.08 trillion | 2.29x | 1.95% | 14.59% |
| 9432 | NTT | Prime | IT & Services, Others | ¥15.66 trillion | 1.45x | 3.07% | 10.4% |
| 6981 | Murata Manufacturing | Prime | Electric Appliances & Precision Instruments | ¥15.65 trillion | 5.34x | 0.82% | 8.8% |
| 2914 | Japan Tobacco | Prime | Foods | ¥14.46 trillion | 3.14x | 3.24% | 12.99% |
| 8031 | Mitsui & Co. | Prime | Commercial & Wholesale Trade | ¥13.68 trillion | 1.54x | 2.41% | 10.22% |
| 7011 | Mitsubishi Heavy Industries | Prime | Machinery | ¥12.38 trillion | 3.99x | 0.68% | 12.22% |
| 9433 | KDDI | Prime | IT & Services, Others | ¥12.12 trillion | 2.17x | 2.77% | 14% |
| 4063 | Shin-Etsu Chemical | Prime | Raw Materials & Chemicals | ¥12.08 trillion | 2.54x | 1.74% | 10.4% |
| 9434 | SoftBank | Prime | IT & Services, Others | ¥11.61 trillion | 4.39x | 3.55% | 19.3% |
| 6752 | Panasonic Holdings | Prime | Electric Appliances & Precision Instruments | ¥10.93 trillion | 1.99x | 0.9% | 3.8% |
| 6503 | Mitsubishi Electric | Prime | Electric Appliances & Precision Instruments | ¥10.87 trillion | 2.35x | 1.07% | 9.7% |
| 7974 | Nintendo | Prime | IT & Services, Others | ¥10.49 trillion | 3.18x | 2.69% | 14.94% |
| 4519 | Chugai Pharmaceutical | Prime | Pharmaceutical | ¥10.11 trillion | 4.89x | 4.52% | 22.1% |
| 4502 | Takeda Pharmaceutical | Prime | Pharmaceutical | ¥9.30 trillion | 1.24x | 3.42% | −2.1% |
| 7741 | HOYA | Prime | Electric Appliances & Precision Instruments | ¥8.48 trillion | 8.24x | 1.18% | 25.4% |
| 7267 | Honda Motor | Prime | Automobiles & Transportation Equipment | ¥7.83 trillion | 0.57x | 4.05% | −3.5% |
| 8002 | Marubeni | Prime | Commercial & Wholesale Trade | ¥7.81 trillion | 1.77x | 2.29% | 13.61% |
| 8015 | Toyota Tsusho | Prime | Commercial & Wholesale Trade | ¥7.56 trillion | 2.38x | 1.69% | 12.82% |
| 6702 | Fujitsu | Prime | Electric Appliances & Precision Instruments | ¥7.39 trillion | 3.64x | 1.18% | 23.9% |
| 8725 | MS&AD Insurance Group Holdings | Prime | Financials (ex Banks) | ¥7.31 trillion | 1.11x | 3.27% | 8.65% |
| 6701 | NEC | Prime | Electric Appliances & Precision Instruments | ¥7.14 trillion | 3.16x | 0.73% | 13% |
| 6178 | Japan Post Holdings | Prime | IT & Services, Others | ¥7.00 trillion | 0.68x | 2.12% | 4% |
| 6301 | Komatsu | Prime | Machinery | ¥6.79 trillion | 1.87x | 2.6% | 11.3% |
| 6723 | Renesas Electronics | Prime | Electric Appliances & Precision Instruments | ¥6.73 trillion | 2.67x | 0.78% | −2.1% |
| 6146 | Disco | Prime | Electric Appliances & Precision Instruments | ¥6.67 trillion | 11.36x | 0.82% | 25.1% |
| 8591 | ORIX | Prime | Financials (ex Banks) | ¥6.49 trillion | 1.41x | 2.71% | 10.4% |
| 8750 | Daiichi Life Group | Prime | Financials (ex Banks) | ¥6.47 trillion | 1.51x | 3.05% | 11.1% |
| 6762 | TDK | Prime | Electric Appliances & Precision Instruments | ¥6.35 trillion | 2.84x | 1.1% | 9.8% |
| 4578 | Otsuka Holdings | Prime | Pharmaceutical | ¥6.33 trillion | 2.03x | 1.2% | 12.6% |
| 7751 | Canon | Prime | Electric Appliances & Precision Instruments | ¥6.28 trillion | 1.18x | 3.4% | 9.7% |
| 6367 | Daikin Industries | Prime | Machinery | ¥6.21 trillion | 1.91x | 1.61% | 9.1% |
| 8630 | Sompo Holdings | Prime | Financials (ex Banks) | ¥6.14 trillion | 1.13x | 2.28% | 13.7% |
| 6954 | Fanuc | Prime | Electric Appliances & Precision Instruments | ¥6.00 trillion | 3.05x | 1.75% | 9.3% |
| 6971 | Kyocera | Prime | Electric Appliances & Precision Instruments | ¥5.66 trillion | 1.48x | 1.39% | 4.3% |
| 5108 | Bridgestone | Prime | Raw Materials & Chemicals | ¥5.59 trillion | 1.36x | 2.94% | 8.9% |
| 8308 | Resona Holdings | Prime | Banks | ¥5.53 trillion | 1.86x | 1.21% | 9.18% |
| 4661 | Oriental Land | Prime | IT & Services, Others | ¥5.34 trillion | 4.42x | 0.51% | 11.7% |
| 6902 | Denso | Prime | Electric Appliances & Precision Instruments | ¥5.32 trillion | 0.89x | 3.67% | 8.48% |
| 2802 | Ajinomoto | Prime | Foods | ¥5.28 trillion | 6.71x | 0.89% | 17.7% |
| 3382 | Seven & I Holdings | Prime | Retail Trade | ¥5.19 trillion | 1.27x | 2.51% | 7.6% |
| 4568 | Daiichi Sankyo | Prime | Pharmaceutical | ¥4.97 trillion | 2.87x | 2.97% | 15.8% |
| 6273 | SMC | Prime | Machinery | ¥4.67 trillion | 2.18x | 1.37% | 8.3% |
| 8604 | Nomura Holdings | Prime | Financials (ex Banks) | ¥4.59 trillion | 1.16x | 3.43% | 10.09% |
| 1605 | INPEX | Prime | Energy Resources | ¥4.58 trillion | 0.89x | 2.75% | 8.2% |
| 6920 | Lasertec | Prime | Electric Appliances & Precision Instruments | ¥4.58 trillion | 17.63x | 0.68% | 33.9% |
| 4901 | Fujifilm Holdings | Prime | Raw Materials & Chemicals | ¥4.26 trillion | 1.08x | 2.04% | 7.7% |
| 8802 | Mitsubishi Estate | Prime | Real Estate | ¥4.22 trillion | 1.55x | 1.33% | 8.5% |
| 4503 | Astellas Pharma | Prime | Pharmaceutical | ¥4.07 trillion | 2.2x | 3.47% | 17.4% |
| 7269 | Suzuki Motor | Prime | Automobiles & Transportation Equipment | ¥4.01 trillion | 1.16x | 2.26% | 13.8% |
| 8801 | Mitsui Fudosan | Prime | Real Estate | ¥3.98 trillion | 1.2x | 2.43% | 8.7% |
| 9020 | East Japan Railway | Prime | Transportation & Logistics | ¥3.83 trillion | 1.25x | 2.19% | 8.4% |
| 7832 | Bandai Namco Holdings | Prime | IT & Services, Others | ¥3.79 trillion | 4.35x | 1.25% | 17% |
| 5020 | ENEOS Holdings | Prime | Energy Resources | ¥3.69 trillion | 1.09x | 2.49% | 8% |
| 9022 | Central Japan Railway | Prime | Transportation & Logistics | ¥3.64 trillion | 0.68x | 0.88% | 11.4% |
| 4689 | LY Corp. | Prime | IT & Services, Others | ¥3.52 trillion | 1.17x | 1.43% | 6.5% |
| 5401 | Nippon Steel | Prime | Steel & Nonferrous Metals | ¥3.38 trillion | 0.59x | — | 0.3% |
| 4543 | Terumo | Prime | Electric Appliances & Precision Instruments | ¥3.38 trillion | 2.13x | 1.31% | 9.2% |
| 8267 | AEON | Prime | Retail Trade | ¥3.37 trillion | 2.75x | 1.13% | 6.4% |
| 5016 | JX Advanced Metals | Prime | Steel & Nonferrous Metals | ¥3.36 trillion | 4.62x | 0.86% | 15.6% |
| 9766 | Konami Group | Prime | IT & Services, Others | ¥3.32 trillion | 5.55x | 0.96% | 19.1% |
| 4307 | Nomura Research Institute | Prime | IT & Services, Others | ¥3.26 trillion | 7.43x | 1.37% | 3.5% |
| 4004 | Resonac Holdings | Prime | Raw Materials & Chemicals | ¥3.25 trillion | 4.55x | 0.37% | 4.3% |
| 9101 | Nippon Yusen | Prime | Transportation & Logistics | ¥3.01 trillion | 0.97x | 3.13% | 7.1% |
| 6326 | Kubota | Prime | Machinery | ¥2.99 trillion | 1.14x | 1.9% | 7.3% |
| 9735 | Secom | Prime | IT & Services, Others | ¥2.97 trillion | 1.96x | 1.57% | 8.7% |
| 9503 | Kansai Electric Power | Prime | Electric Power & Gas | ¥2.95 trillion | 0.85x | 2.83% | 11.7% |
| 8830 | Sumitomo Realty & Development | Prime | Real Estate | ¥2.88 trillion | 1.15x | 1.43% | 9.2% |
| 7013 | IHI | Prime | Machinery | ¥2.84 trillion | 4.27x | 0.76% | 28.39% |
| 5713 | Sumitomo Metal Mining | Prime | Steel & Nonferrous Metals | ¥2.74 trillion | 1.23x | 2.42% | 8.99% |
| 8601 | Daiwa Securities Group | Prime | Financials (ex Banks) | ¥2.72 trillion | 1.36x | 3.69% | 10.3% |
| 9104 | Mitsui O.S.K. Lines | Prime | Transportation & Logistics | ¥2.65 trillion | 0.87x | 2.74% | 7.67% |
| 2503 | Kirin Holdings | Prime | Foods | ¥2.56 trillion | 1.76x | 2.64% | 12% |
| 1812 | Kajima | Prime | Construction & Materials | ¥2.50 trillion | 1.56x | 3.08% | 13.3% |
| 6988 | Nitto Denko | Prime | Raw Materials & Chemicals | ¥2.45 trillion | 2.12x | 1.66% | 12.2% |
| 4507 | Shionogi | Prime | Pharmaceutical | ¥2.44 trillion | 1.39x | 2.59% | 13.5% |
| 2502 | Asahi Group Holdings | Prime | Foods | ¥2.40 trillion | 0.77x | 3.29% | 4.3% |
| 6525 | Kokusai Electric | Prime | Electric Appliances & Precision Instruments | ¥2.40 trillion | 10.75x | 0.37% | 14.5% |
| 8697 | Japan Exchange Group | Prime | Financials (ex Banks) | ¥2.34 trillion | 6.76x | 2.69% | 23.1% |
| 9697 | Capcom | Prime | IT & Services, Others | ¥2.34 trillion | 6.87x | 1.02% | 22.1% |
| 8795 | T&D Holdings | Prime | Financials (ex Banks) | ¥2.31 trillion | 1.41x | 2.75% | 9.2% |
| 9532 | Osaka Gas | Prime | Electric Power & Gas | ¥2.21 trillion | 1.18x | 2.16% | 8.7% |
| 9531 | Tokyo Gas | Prime | Electric Power & Gas | ¥2.21 trillion | 1.16x | 1.85% | 13.2% |
| 3407 | Asahi Kasei | Prime | Raw Materials & Chemicals | ¥2.17 trillion | 1.03x | 2.65% | 8% |
| 7272 | Yamaha Motor | Prime | Automobiles & Transportation Equipment | ¥1.84 trillion | 1.55x | 1.93% | 1.4% |
| 2768 | Sojitz | Prime | Commercial & Wholesale Trade | ¥1.12 trillion | 1.02x | 3.09% | 10.1% |
| 285A | Kioxia Holdings | Prime | Electric Appliances & Precision Instruments | — | — | — | 51.9% |
| 4062 | Ibiden | Prime | Electric Appliances & Precision Instruments | — | — | — | 12.25% |
| 8035 | Tokyo Electron | Prime | Electric Appliances & Precision Instruments | — | — | — | 29.6% |
| 8316 | Sumitomo Mitsui Financial Group | Prime | Banks | — | — | — | 10.38% |
A dash marks a figure that cannot be computed, for example right after a stock split.