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Employees: 981
Size Techno Ryowa (1965.T) is a Japan Industrials company (Engineering & Construction) with a market value of $644M, the 939th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥7,290 on 6 Nov 2026.
Performance Over six months the shares gained 11.8%, against -17.3% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 13.6% over the last twelve months (peer median +11.0%); the operating margin is 16.2% (peer median 8.8%).
Valuation It trades at 0.8× enterprise value to sales against a peer median of 1.1× (3rd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -11% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -23 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 18.8 points above its cost of capital (8.4% WACC).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥101B | ¥98.7B | ¥84.2B | ¥73.7B | ¥61.0B |
| Revenue growth | — | +17% | +14% | +21% | — |
| Gross profit | ¥25.9B | ¥24.6B | ¥17.1B | ¥12.4B | ¥9.31B |
| EBITDA | ¥16.9B | ¥16.4B | ¥10.0B | ¥6.16B | ¥3.52B |
| Net income | ¥12.2B | ¥11.8B | ¥7.26B | ¥4.51B | ¥2.34B |
| Free cash flow | n/a | ¥11.7B | ¥4.45B | -¥1.60B | -¥308M |
| Capital expenditure | n/a | ¥625M | ¥274M | ¥398M | ¥202M |
| Total debt | ¥850M | ¥105M | ¥65.0M | ¥125M | ¥65.0M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1965.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +15.5% | -6.7% | highest of 21 |
| 6-month return | +11.8% | -17.3% | 5th highest of 21 |
| Distance from 52-week high | -21.9% | -35.0% | 7th highest of 21 |
| Revenue growth (TTM) | +13.6% | +11.0% | 11th highest of 21 |
| Operating margin | 16.2% | 8.8% | 3rd highest of 21 |
| EV / Sales | 0.8× | 1.1× | 3rd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -11.0% | 3.1% | 3rd least demanding of 15 |
| Growth delivered (Del g) | +12.5% | +6.0% | 4th highest of 15 |
| Hurdle (Req g minus delivered) | -23.4 pp | -9.0 pp | 2nd least demanding of 15 |
| ROIC minus cost of capital | +18.8 pp | +1.1 pp | highest of 21 |
| EV / EBITDA | 4.5× | 7.5× | 2nd cheapest of 14 |
| Net debt / EBITDA | -1.6× | 0.0× | 3rd least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Techno Ryowa 1965.T | Japan | $644M | +12% | +14% | 16% | 0.8× | -11.0% | +12.5% |
| Mistras MG | United States | $642M | +14% | +5% | 7% | 1.1× | 7.6% | +4.1% |
| Cloudberry Clean Energy CLOUD.OL | Norway | $645M | +2% | +79% | 14% | 15.7× | 41.7% | +168.9% |
| Cecep Guozhen Environmental Protection Technology 300388.SZ | China | $632M | -22% | +5% | 18% | 3.5× | -2.0% | -1.0% |
| PS Construction 1871.T | Japan | $656M | -17% | +6% | 9% | 0.8× | n/a | n/a |
| COFCO Technology & Industry 301058.SZ | China | $630M | -17% | +3% | 8% | 0.9× | -3.5% | +8.4% |
| Shenzhen Grandland 002482.SZ | China | $658M | -32% | +46% | -4% | 2.4× | 24.9% | -33.5% |
| Transrail Lighting TRANSRAILL.NS | India | $628M | -25% | +14% | 11% | 0.8× | 5.9% | +25.9% |
| Limbach LMB | United States | $627M | -36% | +21% | 6% | 1.1× | 12.6% | +2.6% |
| Boustead Singapore F9D.SI | Singapore | $662M | -35% | +18% | 12% | 0.9× | -11.4% | -1.9% |
| Kingfore Energy 001210.SZ | China | $662M | +32% | +15% | 12% | 3.2× | 13.4% | +9.6% |
| Chong Hong Development 5534.TW | Taiwan | $625M | -16% | -18% | 24% | 4.2× | n/a | n/a |
| CTI Engineering 9621.T | Japan | $619M | +22% | +8% | 9% | 0.6× | -9.0% | +9.2% |
| Beijing SPC Environment Protection Tech 002573.SZ | China | $619M | -22% | +1% | -2% | 1.7× | 5.2% | +13.7% |
| Yokogawa Bridge 5911.T | Japan | $679M | -6% | +4% | 8% | 0.8× | -12.8% | +1.1% |
| Global Chinese Business Club 1757.HK | Hong Kong | $610M | -78% | +121% | 1% | 9.0× | n/a | n/a |
| Yondenko 1939.T | Japan | $685M | +10% | +7% | 11% | 0.9× | 1.1% | +2.1% |
| Dilip Buildcon DBL.NS | India | $688M | -17% | -19% | 16% | 0.7× | n/a | n/a |
| Cardinal Infrastructure CDNL | United States | $691M | -73% | +90% | 8% | 1.4× | n/a | n/a |
| Da-Cin Construction 2535.TW | Taiwan | $693M | +23% | +36% | 8% | 0.9× | -10.6% | +7.9% |
| Hainan Expressway 000886.SZ | China | $598M | -27% | +185% | -12% | 3.7× | n/a | n/a |