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Acquires small Japanese manufacturing companies to preserve their technical skills and succession, then supports their management.
Acquires small Japanese manufacturing companies to preserve their technical skills and succession, then supports their management.
Earns by owning the manufacturers it buys, so group results are the combined profits of subsidiaries that sell their own products and parts to their own customers. The parent adds value through management support and shared know-how rather than a product of its own.
In one line: A Japanese SME roll-up/succession-buyout platform for manufacturers.
Moat: narrow (process know-how). Playbook for succession-driven SME acquisitions in a fragmented, aging owner-manufacturer base.
Headquarters: Tokyo, Japan · Founded: 2018 · Employees: 1,208
Size Next Generation Technology (319A.T) is a Japan Financials company (Financial Conglomerates) with a market value of $1.17B, the 672nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥20,800 on 6 Nov 2026.
Performance Over six months the shares gained 54.9%, against -4.6% for the median peer and +1.8% for the Japan market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 35.4% over the last twelve months (peer median +2.0%); the operating margin is 13.4% (peer median 20.2%).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | ¥22.8B | ¥15.0B | ¥11.1B | ¥9.33B |
| Revenue growth | — | +35% | +18% | — |
| Gross profit | ¥6.53B | ¥4.04B | ¥3.05B | ¥2.33B |
| EBITDA | ¥4.29B | ¥2.32B | ¥2.13B | ¥1.46B |
| Net income | ¥4.38B | ¥3.09B | ¥901M | ¥1.61B |
| Free cash flow | n/a | -¥63.0M | ¥1.46B | ¥1.02B |
| Capital expenditure | n/a | ¥287M | ¥434M | ¥166M |
| Total debt | ¥18.0B | ¥16.2B | ¥8.84B | ¥9.24B |
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 | 319A.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -8.8% | +0.5% | 3rd lowest of 21 |
| 6-month return | +54.9% | -4.6% | highest of 21 |
| Distance from 52-week high | -16.6% | -18.4% | 9th highest of 21 |
| Revenue growth (TTM) | +35.4% | +2.0% | 5th highest of 18 |
| Operating margin | 13.4% | 20.2% | 6th lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Next Generation Technology 319A.T | Japan | $1.17B | +55% | +35% | 13% | n/a | n/a | n/a |
| Morgan Stanley Direct Lending Fund MSDL | United States | $1.15B | -12% | -15% | 56% | n/a | n/a | n/a |
| Jefferson Capital JCAP | United States | $1.14B | -1% | +73% | 46% | n/a | n/a | n/a |
| Viel & Cie VIL.PA | France | $1.25B | -1% | +6% | 15% | n/a | n/a | n/a |
| L1 Gold Fund LGF.AX | Australia | $1.02B | +15% | n/a | n/a | n/a | n/a | n/a |
| International General Insurance IGIC | United States | $1,000M | -7% | +2% | 20% | n/a | n/a | n/a |
| Ratos RATO-A.ST | Sweden | $1.38B | +24% | -23% | 5% | n/a | n/a | n/a |
| Monex 8698.T | Japan | $980M | -8% | +16% | 21% | n/a | n/a | n/a |
| Hyosung 004800.KS | South Korea | $1.42B | -49% | +10% | 15% | n/a | n/a | n/a |
| Pacific Century Regional Developments P15.SI | Singapore | $943M | -6% | -37% | -70% | n/a | n/a | n/a |
| LunR Royalties LUNR.TO | Canada | $1.46B | -28% | n/a | -53% | n/a | n/a | n/a |
| Mbb MBB.DE | Germany | $930M | +1% | +1% | 11% | n/a | n/a | n/a |
| Peugeot Invest PEUG.PA | France | $1.54B | -16% | -101% | n/a | n/a | n/a | n/a |
| KB Balhae Infrastructure Fund 415640.KS | South Korea | $884M | -3% | n/a | n/a | n/a | n/a | n/a |
| Yangzijiang Maritime Development 8YZ.SI | Singapore | $1.59B | -14% | +18% | 74% | n/a | n/a | n/a |
| MidCap Financial Investment MFIC | United States | $845M | -12% | +1% | 36% | n/a | n/a | n/a |
| Tamburi Investment Partners TIP.MI | Italy | $1.72B | +5% | +353% | -539% | n/a | n/a | n/a |
| IndiGrid Infrastructure Trust INDIGRID.NS | India | $1.72B | -1% | +52% | 41% | n/a | n/a | n/a |
| Metalla Royalty & Streaming MTA.V | Canada | $763M | +17% | +89% | 17% | n/a | n/a | n/a |
| Senvest Capital SEC.TO | Canada | $762M | +18% | -18% | 628% | n/a | n/a | n/a |
| Bain Capital Specialty Finance BCSF | United States | $723M | -18% | -12% | 67% | n/a | n/a | n/a |