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Employees: 2,927
Size Showa Sangyo (2004.T) is a Japan Consumer Staples company (Agricultural Commodities/Milling) with a market value of $820M, the 832nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,985 on 6 Nov 2026.
Performance Over six months the shares gained 30.0%, against -12.6% for the median peer and +1.8% for the Japan market (cap-weighted) — highest of 20 in its peer set.
Growth Revenue grew 3.0% over the last twelve months (peer median +9.1%); the operating margin is 3.5% (peer median 4.2%).
Valuation It trades at 12.9× forward earnings against a peer median of 13.8× (5th cheapest of 11).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.0 points below its cost of capital (5.0% WACC).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥343B | ¥335B | ¥334B | ¥346B | ¥335B |
| Revenue growth | — | 0% | -3% | +3% | — |
| Gross profit | ¥60.9B | ¥58.5B | ¥55.8B | ¥55.6B | ¥44.4B |
| EBITDA | ¥22.6B | ¥22.5B | ¥22.3B | ¥23.4B | ¥14.2B |
| Net income | ¥10.6B | ¥10.6B | ¥11.6B | ¥12.4B | ¥7.78B |
| Free cash flow | n/a | ¥6.31B | ¥8.49B | ¥12.6B | -¥13.0B |
| Capital expenditure | n/a | ¥11.7B | ¥11.8B | ¥11.1B | ¥10.1B |
| Total debt | ¥53.5B | ¥52.0B | ¥50.6B | ¥54.0B | ¥61.4B |
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 | 2004.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.1% | -3.1% | highest of 21 |
| 6-month return | +30.0% | -12.6% | highest of 20 |
| Distance from 52-week high | -5.0% | -35.5% | highest of 21 |
| Revenue growth (TTM) | +3.0% | +9.1% | 9th lowest of 21 |
| Operating margin | 3.5% | 4.2% | 8th lowest of 21 |
| Forward P/E | 12.9× | 13.8× | 5th cheapest of 11 |
| Growth the price implies (Req g, 7 yrs) | 1.3% | 2.7% | 7th least demanding of 14 |
| Growth delivered (Del g) | +5.6% | +8.9% | 6th lowest of 14 |
| Hurdle (Req g minus delivered) | -4.2 pp | -6.3 pp | 6th most demanding of 14 |
| ROIC minus cost of capital | -1.0 pp | -2.1 pp | 10th highest of 21 |
| EV / EBITDA | 8.0× | 9.2× | 3rd cheapest of 7 |
| Net debt / EBITDA | 2.1× | 1.6× | 5th least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Showa Sangyo 2004.T | Japan | $820M | +30% | +3% | 3% | 12.9× | 1.3% | +5.6% |
| Shandong Xiantan 002746.SZ | China | $838M | +1% | +12% | 5% | 14.1× | n/a | n/a |
| Tangrenshen 002567.SZ | China | $783M | -12% | -14% | -9% | n/a | 34.7% | +5.5% |
| TTET Union 1232.TW | Taiwan | $777M | +8% | +13% | 9% | n/a | -6.7% | +4.3% |
| Luoniushan 000735.SZ | China | $876M | -23% | +48% | -2% | n/a | n/a | n/a |
| AEP Plantations AEP.L | United Kingdom | $757M | -26% | +7% | 21% | 6.7× | -13.7% | +11.4% |
| Cobram Estate Olives CBO.AX | Australia | $896M | -29% | +11% | -5% | 23.9× | n/a | n/a |
| Charoen Pokphand Enterprise (Taiwan) 1215.TW | Taiwan | $927M | -26% | +4% | 10% | 13.4× | -1.2% | +5.1% |
| Hainan Shennong Seed Industry Technology 300189.SZ | China | $946M | -11% | +17% | 4% | n/a | n/a | n/a |
| Cresud SA Sponsored ADR CRESY | United States | $709M | -18% | +11% | 16% | 7.0× | n/a | n/a |
| Elders ELD.AX | Australia | $955M | -12% | +11% | 4% | 12.3× | 5.6% | +8.9% |
| Gokul Agro Resources GOKULAGRO.NS | India | $702M | -5% | +21% | 3% | n/a | 2.7% | +23.5% |
| Gansu Yasheng Industrial (Group) 600108.SS | China | $961M | -24% | -1% | 2% | n/a | n/a | n/a |
| Ridley RIC.AX | Australia | $696M | +1% | +120% | 4% | 14.6× | 4.4% | +25.3% |
| Mitsui DM Sugar 2109.T | Japan | $696M | +6% | -2% | 7% | n/a | -6.8% | +10.6% |
| Great-Sun Foods 603336.SS | China | $694M | -35% | -8% | 6% | n/a | 28.4% | +1.8% |
| KRBL KRBL.NS | India | $990M | +8% | 0% | 16% | 12.1× | 4.2% | +8.8% |
| Juewei Food 603517.SS | China | $1.01B | -13% | -8% | 3% | 31.3× | n/a | n/a |
| Tech-bank Food 002124.SZ | China | $666M | -23% | -20% | -42% | n/a | 0.3% | -4.2% |
| Hangzhou Qiandaohu Xunlong Sci-tech 6715.HK | Hong Kong | $663M | n/a | +20% | 46% | n/a | -11.4% | +13.5% |
| Winall Hi-Tech Seed 300087.SZ | China | $663M | -39% | -14% | -3% | 20.4× | 41.9% | +23.0% |