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Japanese engineering company building industrial climate-control systems, especially automotive paint-shop equipment, plus clean-room systems.
Japanese engineering company building industrial climate-control systems, especially automotive paint-shop equipment, plus clean-room systems.
Earns through large project contracts, mostly designing and installing paint-finishing lines for automakers' plants, so revenue follows plant orders and is booked as work progresses. Overseas operations, notably in Asia and North America, account for a large share of its sales.
In one line: A specialized industrial HVAC/paint-shop engineering firm, akin to Duerr AG.
Moat: narrow (process know-how, customer qualification). Deep engineering expertise in automotive paint-shop systems, a highly specialized qualification-heavy niche.
Headquarters: Tokyo, Japan · Founded: 1949 · Employees: 5,525
Size Taikisha (1979.T) is a Japan Industrials company (Wholesale Distributors) with a market value of $1.32B, the 620th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,325 on 6 Nov 2026.
Performance Over six months the shares fell 4.7%, against +1.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue fell 1.3% over the last twelve months (peer median +7.0%); the operating margin is 8.1% (peer median 8.5%).
Valuation It trades at 10.6× forward earnings against a peer median of 17.5× (3rd cheapest of 14).
Price implies For today's price to make sense, revenue must grow about -13% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -20 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.1 points above its cost of capital (9.4% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥283B | ¥286B | ¥276B | ¥294B | ¥215B |
| Revenue growth | — | +4% | -6% | +37% | — |
| Gross profit | ¥55.2B | ¥53.6B | ¥43.1B | ¥41.7B | ¥31.0B |
| EBITDA | ¥25.2B | ¥25.6B | ¥20.3B | ¥20.2B | ¥14.0B |
| Net income | ¥14.8B | ¥15.6B | ¥11.0B | ¥15.6B | ¥7.92B |
| Free cash flow | n/a | ¥62.6B | -¥25.2B | ¥16.9B | ¥2.63B |
| Capital expenditure | n/a | ¥2.70B | ¥4.39B | ¥4.36B | ¥2.40B |
| Total debt | ¥3.64B | ¥1.47B | ¥13.5B | ¥4.14B | ¥3.21B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Taikisha 1979.T | $1.32B | -5% | -1% | 8% | 10.6× | -13.3% |
| Durr DUE.DE | $1.25B | -24% | +2% | 4% | 9.1× | -3.3% |
| Daikin Industries 6367.T | $40.4B | -1% | +11% | 8% | 21.8× | 7.4% |
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 | 1979.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -13.0% | -2.9% | 6th lowest of 21 |
| 6-month return | -4.7% | +1.8% | 10th lowest of 20 |
| Distance from 52-week high | -34.5% | -31.6% | 10th lowest of 21 |
| Revenue growth (TTM) | -1.3% | +7.0% | 5th lowest of 21 |
| Operating margin | 8.1% | 8.5% | 11th highest of 21 |
| Forward P/E | 10.6× | 17.5× | 3rd cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | -13.3% | 4.9% | least demanding of 16 |
| Growth delivered (Del g) | +7.2% | +8.8% | 6th lowest of 16 |
| Hurdle (Req g minus delivered) | -20.5 pp | -6.0 pp | 3rd least demanding of 16 |
| ROIC minus cost of capital | +4.1 pp | -0.5 pp | 6th highest of 21 |
| EV / EBITDA | 5.6× | 10.0× | 3rd cheapest of 13 |
| Net debt / EBITDA | -3.0× | 1.1× | 3rd least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Taikisha 1979.T | Japan | $1.32B | -5% | -1% | 8% | 10.6× | -13.3% | +7.2% |
| Inabata & 8098.T | Japan | $1.31B | +6% | +5% | 3% | n/a | -7.8% | +7.6% |
| Shanghai Luoman Technologies 605289.SS | China | $1.35B | -45% | +170% | 13% | 49.9× | 36.2% | +25.7% |
| Gansu Guofang Industry & Trade (Group) 601086.SS | China | $1.27B | +42% | +17% | 7% | n/a | 33.6% | -4.8% |
| Hour Glass AGS.SI | Singapore | $1.38B | +10% | +18% | 15% | 10.4× | -8.7% | +12.5% |
| ADI Global Distribution ADIG | United States | $1.39B | n/a | +14% | 4% | 11.9× | n/a | n/a |
| Minmetals Development 600058.SS | China | $1.40B | -22% | -16% | 1% | n/a | 20.4% | -4.7% |
| Redox RDX.AX | Australia | $1.22B | +2% | +7% | 11% | 17.5× | -7.8% | +10.8% |
| Mitani 8066.T | Japan | $1.45B | +4% | +1% | 10% | n/a | -12.2% | -3.1% |
| ZheJiang Dong Ri 600113.SS | China | $1.48B | -46% | -1% | 16% | n/a | 38.5% | +7.6% |
| Chengdu Haoneng Technology 603809.SS | China | $1.16B | -23% | +18% | 10% | 20.5× | n/a | n/a |
| Techstorm Advanced Material 601026.SS | China | $1.16B | -33% | +8% | 6% | n/a | n/a | n/a |
| Imdex IMD.AX | Australia | $1.15B | -21% | +21% | 16% | 24.5× | 20.1% | +14.5% |
| Electrolux Professional EPRO-B.ST | Sweden | $1.52B | +20% | -4% | 10% | 16.2× | 4.9% | +10.9% |
| Daiichikosho 7458.T | Japan | $1.13B | +6% | +4% | 11% | 13.0× | -6.0% | +11.8% |
| Innovation Medical Management 002173.SZ | China | $1.12B | -29% | -13% | -18% | n/a | n/a | n/a |
| Brighton-Best International (Taiwan) 8415.TWO | Taiwan | $1.11B | +5% | +11% | 20% | 7.8× | -8.8% | +8.8% |
| Xinjiang Zhongtai Chemical 002092.SZ | China | $1.57B | -41% | +7% | 3% | 25.4× | -4.2% | -19.5% |
| Dongguan Aohai Technology 002993.SZ | China | $1.10B | -44% | +122% | 1% | 19.6× | n/a | n/a |
| Hillman Solutions HLMN | United States | $1.62B | +6% | +6% | 6% | 13.3× | 17.9% | +2.6% |
| Distribution Solutions DSGR | United States | $1.62B | +27% | +6% | 4% | 40.9× | 15.5% | +41.3% |