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Japanese company rooted in cotton spinning, now diversified into automotive interior textiles, life-science lab equipment and construction materials.
Japanese company rooted in cotton spinning, now diversified into automotive interior textiles, life-science lab equipment and construction materials.
Spans businesses with little in common: textiles and automotive interior fabrics sold to carmakers, life-science instruments sold to labs, and a property business that rents out buildings on the sites of its old Kurashiki spinning mill.
In one line: A century-old textile firm diversified into life-science equipment, similar to a mini Tora.
Moat: none (process know-how). Niche manufacturing know-how across several unrelated segments, but no single dominant, defensible position.
Headquarters: Kurashiki, Okayama, Japan · Founded: 1888 · Employees: 3,714
Size Kurabo Industries (3106.T) is a Japan Consumer Discretionary company (Textiles) with a market value of $1.10B, the 695th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥11,680 on 6 Nov 2026.
Performance Over six months the shares gained 33.3%, against -17.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue fell 3.2% over the last twelve months (peer median +3.4%); the operating margin is 6.8% (peer median 5.4%).
Valuation It trades at 1.1× enterprise value to sales against a peer median of 1.5× (6th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +3%, so the hurdle is +5 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.0 points below its cost of capital (7.2% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥146B | ¥144B | ¥151B | ¥151B | ¥154B |
| Revenue growth | — | -5% | 0% | -1% | — |
| Gross profit | ¥31.8B | ¥30.2B | ¥30.9B | ¥29.6B | ¥28.8B |
| EBITDA | ¥14.9B | ¥14.2B | ¥15.5B | ¥14.3B | ¥13.9B |
| Net income | ¥11.5B | ¥12.9B | ¥9.01B | ¥6.74B | ¥5.52B |
| Free cash flow | n/a | ¥8.51B | ¥5.46B | ¥8.27B | -¥2.02B |
| Capital expenditure | n/a | ¥6.08B | ¥5.58B | ¥4.59B | ¥4.54B |
| Total debt | ¥7.39B | ¥7.61B | ¥11.0B | ¥12.3B | ¥15.4B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Kurabo Industries 3106.T | $1.10B | +33% | -3% | 7% | 1.1× | 8.2% |
| Toray Industries 3402.T | $11.1B | +6% | +6% | 6% | 0.9× | 5.5% |
| Seiren 3569.T | $1.07B | -1% | +12% | 12% | 0.7× | -4.9% |
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 | 3106.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +10.7% | -3.5% | 4th highest of 21 |
| 6-month return | +33.3% | -17.0% | 3rd highest of 21 |
| Distance from 52-week high | -2.1% | -33.7% | highest of 21 |
| Revenue growth (TTM) | -3.2% | +3.4% | 10th lowest of 21 |
| Operating margin | 6.8% | 5.4% | 10th highest of 21 |
| EV / Sales | 1.1× | 1.5× | 6th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 8.2% | -0.3% | 7th most demanding of 15 |
| Growth delivered (Del g) | +3.3% | +7.6% | 6th lowest of 15 |
| Hurdle (Req g minus delivered) | +4.9 pp | -1.5 pp | 6th most demanding of 15 |
| ROIC minus cost of capital | -2.0 pp | -0.1 pp | 10th lowest of 21 |
| EV / EBITDA | 11.3× | 8.0× | 2nd most expensive of 4 |
| Net debt / EBITDA | -0.5× | 2.9× | 3rd least indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kurabo Industries 3106.T | Japan | $1.10B | +33% | -3% | 7% | 1.1× | 8.2% | +3.3% |
| Zhejiang Taihua New Material 603055.SS | China | $1.09B | -9% | +3% | 10% | 1.7× | -5.0% | +20.7% |
| Shanghai Haixin 600851.SS | China | $1.08B | +4% | -15% | 7% | 10.0× | n/a | n/a |
| Seiren 3569.T | Japan | $1.07B | -1% | +12% | 12% | 0.7× | -4.9% | +11.7% |
| Huafon Microfibre (Shanghai) 300180.SZ | China | $1.06B | -24% | -6% | -1% | 2.0× | 16.2% | +4.4% |
| Sunvim 002083.SZ | China | $1.16B | -20% | +19% | 17% | 1.5× | -12.1% | +3.3% |
| Nanjing Chemical Fibre 600889.SS | China | $1.03B | -24% | +115% | 5% | 8.4× | 35.4% | -3.9% |
| Zhejiang Hangmin 600987.SS | China | $1.02B | -6% | -23% | 8% | 0.4× | n/a | n/a |
| Shenzhen Fuanna Bedding & Furnishing 002327.SZ | China | $951M | -26% | -5% | 12% | 2.4× | -1.3% | -2.1% |
| Hyosung Tnc 298020.KS | South Korea | $911M | -45% | +8% | 5% | 0.1× | n/a | n/a |
| Zhejiang Xinao Textiles 603889.SS | China | $908M | -5% | +20% | 13% | 1.4× | n/a | n/a |
| Formosa Taffeta 1434.TW | Taiwan | $888M | +9% | -7% | 2% | 1.3× | 19.9% | -0.9% |
| Zhewen Pictures 601599.SS | China | $884M | +37% | +4% | 1% | 1.8× | 46.4% | +13.9% |
| Zhejiang Yunzhongma 603130.SS | China | $867M | -8% | +4% | 4% | 2.4× | 21.1% | +18.8% |
| Jiangsu Sanfame Polyester Material 600370.SS | China | $857M | -44% | -13% | -3% | 0.7× | n/a | n/a |
| Shanghai Anoky 300067.SZ | China | $853M | -29% | +36% | 3% | 4.8× | n/a | n/a |
| Zhejiang Hailide New Material 002206.SZ | China | $845M | -18% | -7% | 11% | 1.3× | -2.2% | +10.7% |
| Shanxi Guoxin Energy Corporation Limited 600617.SS | China | $838M | -16% | -9% | 3% | 1.4× | 0.8% | +4.5% |
| Xinxiang Chemical Fiber 000949.SZ | China | $1.46B | -27% | +19% | 8% | 1.5× | -3.3% | +12.2% |
| Huafu Fashion 002042.SZ | China | $822M | -31% | -23% | 2% | 1.3× | 15.1% | -10.8% |
| Billion Industrial 2299.HK | Hong Kong | $1.48B | +136% | +13% | 6% | 0.8× | -8.7% | +15.6% |