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← CockpitCompetitor Analysis › 3569.T Seiren Co., Ltd.Open in the cockpit ↗

Seiren Co., Ltd.3569.TCompetitor analysis, valuation and peers

Japan · JPY·Consumer Discretionary›Textiles

Japanese textile and materials company known for digital textile printing technology, automotive interior materials and synthetic leather.

≈ A textile-tech company pairing digital fabric printing with automotive materials, like a nMomentum weak 38
Mkt cap
$1.07B
US dollars, full cap
Free float
70%
of shares outstanding
$/day
$3.81M
20-day average traded
Fwd P/E
10.7×
forward earnings
ROIC−WACC
+3.4 pp
WACC 8.3%
Hurdle
-17 pp
Req g minus delivered
Next earnings
4 days
10 Nov 2026
Close · JPY¥3,135
1D-4.6%
1W-7.7%
1M-9.8%
3M-7.9%
6M-1.3%
YTD+2.5%
1Y+0.3%
ATR %2.8%
52w lowhigh14.5% off high

What Seiren does

Japanese textile and materials company known for digital textile printing technology, automotive interior materials and synthetic leather.

Sells car seat fabrics and airbag cloth to carmakers and their suppliers on model-by-model contracts, so its largest line follows vehicle production schedules. Digital printing for apparel brands and Clarino leather-like fabric are higher-value specialty lines.

In one line: A textile-tech company pairing digital fabric printing with automotive materials, like a n.

Products and services

  • Digital textile printing (Viscotecs)
  • Automotive interior materials
  • Clarino synthetic leather

Customers

  • Apparel/textile brands (digital printing)
  • Automotive OEMs (interior materials)

Where it sits in the supply chain

  • Materials
  • Textiles & synthetic materials
  • Digital printing & automotive interior…

What could go right

  • Auto interior material demand
  • Digital printing adoption in fashion

What could go wrong

  • Apparel-industry cyclicality
  • Auto production cyclicality

Moat: narrow (IP / patents, process know-how). Proprietary digital fabric-printing technology differentiates it from commodity textile dyers.

Headquarters: Fukui, Japan · Founded: 1889 · Employees: 6,506

Named competitors

Seiren at a glance

Size Seiren (3569.T) is a Japan Consumer Discretionary company (Textiles) with a market value of $1.07B, the 705th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,135 on 6 Nov 2026.

Performance Over six months the shares fell 1.3%, against -12.3% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th highest of 21 in its peer set.

Growth Revenue grew 11.6% over the last twelve months (peer median -3.8%); the operating margin is 12.3% (peer median 5.1%).

Valuation It trades at 10.7× forward earnings against a peer median of 10.2× (5th most expensive of 10).

Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -17 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 3.4 points above its cost of capital (8.3% WACC).

Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).

Relative performance

809010011011 May 202611 Aug 20266 Nov 20263569.T 99Peer median 87
Six months, rebased to 100: Seiren against the median of its 20 peers (local-currency closes).

Seiren financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥180B¥172B¥160B¥142B¥132B
Revenue growth—+8%+12%+7%—
Gross profit¥48.8B¥45.8B¥42.7B¥37.2B¥35.6B
EBITDA¥28.6B¥27.1B¥23.9B¥19.5B¥18.1B
Net income¥16.2B¥15.6B¥13.9B¥12.2B¥11.0B
Free cash flow¥9.71B¥7.42B¥14.9B¥9.24B¥4.62B
Capital expenditure¥12.0B¥10.4B¥5.78B¥4.30B¥8.35B
Total debt¥8.89B¥9.21B¥10.4B¥18.9B¥25.9B

Quarterly statements and history in the cockpit →

Seiren competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%+20%+40%-10%0%+10%3001806008516030553106600889600987002083002327298020603889143460159960313060037030006700220660061700204200267430023569.T6-month return →1-month return →
Up and to the right = strong over both horizons. Seiren is the large dot.

Fundamentals: revenue growth against valuation

-20%-10%0%+10%+20%10×20×30×60305500208300232729802060388900220600204200267430023569.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Seiren is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%3001806030553106600889002083002327143460159960313000220660061700204200267430023569.TGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Seiren is the large dot.

Seiren competitors and peer comparison

Head to head with its named competitors (3569.T vs 3402.T vs 3405.T vs 3407.T)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Seiren 3569.T$1.07B-1%+12%12%10.7×-4.9%
Toray Industries 3402.T$11.1B+6%+6%6%16.6×5.5%
Kuraray 3405.T$3.52B+14%+3%7%15.0×-0.2%
Asahi Kasei 3407.T$12.6B-3%+4%8%11.3×1.9%

How Seiren compares with its peers

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.

Seiren against its 20 peers (data as of 6 Nov 2026)
Measure3569.TPeer medianRank in peer set
1-month return-9.8%-0.5%6th lowest of 21
6-month return-1.3%-12.3%7th highest of 21
Distance from 52-week high-14.5%-33.9%5th highest of 21
Revenue growth (TTM)+11.6%-3.8%5th highest of 21
Operating margin12.3%5.1%3rd highest of 21
Forward P/E10.7×10.2×5th most expensive of 10
Growth the price implies (Req g, 7 yrs)-4.9%12.4%3rd least demanding of 15
Growth delivered (Del g)+11.7%+3.8%5th highest of 15
Hurdle (Req g minus delivered)-16.7 pp+3.6 pp2nd least demanding of 15
ROIC minus cost of capital+3.4 pp-2.4 pp7th highest of 21
EV / EBITDA4.6×11.3×cheapest of 4
Net debt / EBITDA-1.3×0.6×least indebted of 6

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Seiren 3569.TJapan$1.07B-1%+12%12%10.7×-4.9%+11.7%
Huafon Microfibre (Shanghai) 300180.SZChina$1.06B-24%-6%-1%n/a16.2%+4.4%
Shanghai Haixin 600851.SSChina$1.08B+4%-15%7%n/an/an/a
Zhejiang Taihua New Material 603055.SSChina$1.09B-9%+3%10%10.2×-5.0%+20.7%
Kurabo Industries 3106.TJapan$1.10B+33%-3%7%n/a8.2%+3.3%
Nanjing Chemical Fibre 600889.SSChina$1.03B-24%+115%5%n/a35.4%-3.9%
Zhejiang Hangmin 600987.SSChina$1.02B-6%-23%8%n/an/an/a
Sunvim 002083.SZChina$1.16B-20%+19%17%9.8×-12.1%+3.3%
Shenzhen Fuanna Bedding & Furnishing 002327.SZChina$951M-26%-5%12%14.0×-1.3%-2.1%
Hyosung Tnc 298020.KSSouth Korea$911M-45%+8%5%5.1×n/an/a
Zhejiang Xinao Textiles 603889.SSChina$908M-5%+20%13%10.2×n/an/a
Formosa Taffeta 1434.TWTaiwan$888M+9%-7%2%n/a19.9%-0.9%
Zhewen Pictures 601599.SSChina$884M+37%+4%1%n/a46.4%+13.9%
Zhejiang Yunzhongma 603130.SSChina$867M-8%+4%4%n/a21.1%+18.8%
Jiangsu Sanfame Polyester Material 600370.SSChina$857M-44%-13%-3%n/an/an/a
Shanghai Anoky 300067.SZChina$853M-29%+36%3%n/an/an/a
Zhejiang Hailide New Material 002206.SZChina$845M-18%-7%11%9.7×-2.2%+10.7%
Shanxi Guoxin Energy Corporation Limited 600617.SSChina$838M-16%-9%3%n/a0.8%+4.5%
Huafu Fashion 002042.SZChina$822M-31%-23%2%18.9×15.1%-10.8%
Xingye Leather Technology 002674.SZChina$807M+35%+7%8%30.9×14.3%+15.4%
Gunze 3002.TJapan$797M+17%-4%5%26.6×10.5%+1.1%

Questions

Who are Seiren's main competitors?
Named competitors: Toray Industries (3402.T), Kuraray (3405.T), Asahi Kasei (3407.T). The cockpit's measured peer set (industry) also includes Huafon Microfibre (Shanghai) (300180.SZ), Shanghai Haixin (600851.SS), Zhejiang Taihua New Material (603055.SS), Kurabo Industries (3106.T), Nanjing Chemical Fibre (600889.SS), Zhejiang Hangmin (600987.SS).
Is Seiren expensive compared with its peers?
On forward p/e it trades at 10.7× against a peer median of 10.2×, 5th most expensive of 10 in its peer set. For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -17 pp: the price already allows for a slowdown.
How has Seiren stock performed?
Over six months to 6 Nov 2026 the shares returned -1.3% against -12.3% for the median peer; over one year +0.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.