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Employees: 1,223
Size Pack (3950.T) is a Japan Materials company (Containers/Packaging) with a market value of $550M, the 1017th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,476 on 6 Nov 2026.
Performance Over six months the shares gained 13.2%, against -24.3% for the median peer and +1.8% for the Japan market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 3.6% over the last twelve months (peer median +2.8%); the operating margin is 6.9% (peer median 4.2%).
Valuation It trades at 0.6× enterprise value to sales against a peer median of 1.8× (2nd 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 +6%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.1 points above its cost of capital (5.0% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥106B | ¥103B | ¥101B | ¥97.7B | ¥89.1B |
| Revenue growth | — | +2% | +4% | +10% | — |
| Gross profit | ¥25.2B | ¥24.7B | ¥25.0B | ¥24.3B | ¥21.2B |
| EBITDA | ¥10.3B | ¥10.2B | ¥10.4B | ¥9.83B | ¥7.96B |
| Net income | ¥5.63B | ¥6.02B | ¥6.32B | ¥5.65B | ¥4.06B |
| Free cash flow | n/a | ¥4.07B | ¥2.33B | -¥1.14B | ¥2.27B |
| Capital expenditure | n/a | ¥3.95B | ¥5.69B | ¥7.28B | ¥3.54B |
| Total debt | ¥393M | ¥473M | ¥116M | ¥111M | ¥183M |
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 | 3950.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.6% | -8.6% | 4th highest of 21 |
| 6-month return | +13.2% | -24.3% | 4th highest of 21 |
| Distance from 52-week high | -5.6% | -42.5% | 2nd highest of 21 |
| Revenue growth (TTM) | +3.6% | +2.8% | 10th highest of 21 |
| Operating margin | 6.9% | 4.2% | 7th highest of 21 |
| EV / Sales | 0.6× | 1.8× | 2nd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -8.4% | 6.7% | least demanding of 12 |
| Growth delivered (Del g) | +5.6% | +7.7% | 6th lowest of 12 |
| Hurdle (Req g minus delivered) | -14.0 pp | +0.8 pp | 3rd least demanding of 12 |
| ROIC minus cost of capital | +4.1 pp | -1.6 pp | 3rd highest of 21 |
| EV / EBITDA | 6.3× | 9.5× | 2nd cheapest of 11 |
| Net debt / EBITDA | -2.1× | 1.6× | 2nd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Pack 3950.T | Japan | $550M | +13% | +4% | 7% | 0.6× | -8.4% | +5.6% |
| Guangdong Taili Technology 301595.SZ | China | $536M | -12% | +2% | 3% | 2.6× | n/a | n/a |
| Xiamen Hexing Packaging Printing 002228.SZ | China | $520M | -25% | +2% | 1% | 0.5× | n/a | n/a |
| Shanghai HIUV New Materials 688680.SS | China | $518M | -28% | -34% | -29% | 3.1× | 25.4% | -4.7% |
| GuangDong Leary New Material Technology 688683.SS | China | $586M | -45% | +83% | 5% | 2.9× | n/a | n/a |
| Shenzhen Prince New Materials 002735.SZ | China | $514M | -34% | +2% | -8% | 1.6× | n/a | n/a |
| Ningbo Solartron Technology 688299.SS | China | $507M | -34% | -15% | -11% | 3.7× | 16.7% | +0.9% |
| Ningbo Homelink Eco-iTech 301193.SZ | China | $602M | -38% | +44% | -4% | 1.9× | n/a | n/a |
| Hefei Hengxin Life Science and Technology 301501.SZ | China | $499M | -29% | +16% | 8% | 1.8× | n/a | n/a |
| Oeneo SBT.PA | France | $617M | -1% | -10% | 14% | 2.2× | 1.0% | +0.2% |
| Bewi BEWI.OL | Norway | $483M | +3% | +6% | 4% | 0.9× | 6.7% | +13.5% |
| Zignago Vetro ZV.MI | Italy | $628M | -10% | 0% | 8% | 1.6× | 12.7% | +7.7% |
| Kohsoku 7504.T | Japan | $629M | +75% | +8% | 4% | 0.7× | n/a | n/a |
| Pum-tech Korea 251970.KS | South Korea | $642M | +70% | +3% | 15% | 2.1× | -4.2% | +13.6% |
| Zhuhai Zhongfu Enterprise 000659.SZ | China | $471M | -39% | -10% | -2% | 4.8× | n/a | n/a |
| Vetropack VETN.SW | Switzerland | $470M | -3% | -5% | 4% | 0.7× | 0.4% | +3.3% |
| Okamoto Industries 5122.T | Japan | $648M | +6% | 0% | 6% | 0.7× | n/a | n/a |
| Zhejiang Haers Vacuum Containers 002615.SZ | China | $466M | -31% | +4% | 3% | 0.8× | 1.9% | +16.8% |
| Zhejiang Zhongcheng Packing Material 002522.SZ | China | $658M | -24% | +4% | 5% | 2.6× | 14.5% | +2.1% |
| Karat Packaging KRT | United States | $669M | +19% | +12% | 13% | 1.4× | -2.4% | +9.6% |
| Shanghai Sunglow Packaging Technology 603499.SS | China | $669M | -29% | +9% | 10% | 4.1× | 24.1% | +16.4% |