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← CockpitCompetitor Analysis › 4044.T Central Glass Co., Ltd.Open in the cockpit ↗

Central Glass Co., Ltd.4044.TCompetitor analysis, valuation and peers

Japan · JPY·Materials›Industrial Specialties
Momentum neutral 47
Mkt cap
$648M
US dollars, full cap
Free float
87%
of shares outstanding
$/day
$2.14M
20-day average traded
Fwd P/E
10.6×
forward earnings
ROIC−WACC
-0.2 pp
WACC 6.5%
Hurdle
-1 pp
Req g minus delivered
Next earnings
6 days
12 Nov 2026
Close · JPY¥4,125
1D-4.4%
1W-8.4%
1M-11.3%
3M+0.1%
6M+0.5%
YTD+18.4%
1Y+27.3%
ATR %3.5%
52w lowhigh13.9% off high

What Central Glass does

Employees: 3,194

Central Glass at a glance

Size Central Glass (4044.T) is a Japan Materials company (Industrial Specialties) with a market value of $648M, the 934th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,125 on 6 Nov 2026.

Performance Over six months the shares gained 0.5%, against -7.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 21 in its peer set.

Growth Revenue grew 4.3% over the last twelve months (peer median +3.8%); the operating margin is 8.3% (peer median 5.8%).

Valuation It trades at 10.6× forward earnings against a peer median of 25.3× (cheapest of 15).

Price implies For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is -5%, so the hurdle is -1 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 0.2 points below its cost of capital (6.5% WACC).

Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).

Relative performance

9010011011 May 202611 Aug 20266 Nov 20264044.T 101Peer median 93
Six months, rebased to 100: Central Glass against the median of its 20 peers (local-currency closes).

Central Glass financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥149B¥144B¥144B¥160B¥169B
Revenue growth—0%-10%-5%—
Gross profit¥41.1B¥39.5B¥40.2B¥43.1B¥43.7B
EBITDA¥20.4B¥18.0B¥19.5B¥23.4B¥25.8B
Net income¥11.4B¥8.36B¥5.68B¥12.5B¥42.5B
Free cash flown/a¥17.1B¥18.0B¥15.1B¥10.2B
Capital expendituren/a¥9.38B¥5.59B¥7.10B¥6.36B
Total debt¥28.8B¥30.5B¥42.5B¥53.3B¥65.6B

Quarterly statements and history in the cockpit →

Central Glass 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%-20%0%MATVRAIN4956600819300737600293FCL6031106036300221SGLBORORENEW6881999893603375SFL79176036833007313002434044.T6-month return →1-month return →
Up and to the right = strong over both horizons. Central Glass is the large dot.

Fundamentals: revenue growth against valuation

0%+25%+50%+75%+100%50×100×MATVRAIN4956600819300737FCLSGL688199SFL3007313002434044.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Central Glass is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%+40%0%25%50%MATV49563007376036300221SGLBORORENEW603375SFL6036833002434044.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. Central Glass is the large dot.

Central Glass competitors and peer comparison

How Central Glass 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.

Central Glass against its 20 peers (data as of 6 Nov 2026)
Measure4044.TPeer medianRank in peer set
1-month return-11.3%-6.8%8th lowest of 21
6-month return+0.5%-7.8%8th highest of 21
Distance from 52-week high-13.9%-29.6%3rd highest of 21
Revenue growth (TTM)+4.3%+3.8%11th highest of 21
Operating margin8.3%5.8%7th highest of 21
Forward P/E10.6×25.3×cheapest of 15
Growth the price implies (Req g, 7 yrs)-6.5%12.7%3rd least demanding of 12
Growth delivered (Del g)-5.4%+9.4%lowest of 12
Hurdle (Req g minus delivered)-1.1 pp+3.9 pp6th least demanding of 12
ROIC minus cost of capital-0.2 pp-3.9 pp5th highest of 21
EV / EBITDA5.2×13.0×2nd cheapest of 15
Net debt / EBITDA-0.0×1.4×6th least indebted of 15

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
Central Glass 4044.TJapan$648M0%+4%8%10.6×-6.5%-5.4%
Mativ MATVUnited States$646M+27%+1%4%11.0×6.2%+13.0%
Rain Industries RAIN.NSIndia$645M+35%+17%10%12.4×n/an/a
Konishi 4956.TJapan$643M+9%+7%9%12.3×-10.1%+4.9%
Shanghai Yaohua Pilkington Glass 600819.SSChina$643M-24%0%2%30.7×n/an/a
Keshun Waterproof Technologies 300737.SZChina$656M-41%-12%-8%34.2×-15.7%-0.6%
Hubei Sanxia New Building Materials 600293.SSChina$640M+15%-34%-21%n/an/an/a
Fineotex Chemical FCL.NSIndia$635M+86%+91%15%34.4×n/an/a
New East New Materials 603110.SSChina$633M-5%-5%2%n/an/an/a
KeePer Technical Laboratory 6036.TJapan$631M+24%+12%27%15.6×-2.6%+17.1%
Guangdong Silver Age Sci & Tech 300221.SZChina$667M-16%+7%7%26.3×27.7%+6.0%
SGL Carbon SGL.DEGermany$668M+2%-16%8%18.9×2.3%-1.6%
Borosil Renewables BORORENEW.NSIndia$628M-29%+11%26%n/a12.7%+25.4%
Tianjin Jiuri New Materials 688199.SSChina$628M-3%+15%3%64.5×n/an/a
Pizu 9893.HKHong Kong$677M-8%-8%22%n/an/an/a
Wuxi Holyview Microelectronics 603375.SSChina$618M-10%-17%-9%n/a53.9%+17.3%
Sheela Foam SFL.NSIndia$614M-7%+20%6%24.3×23.3%+9.4%
ZACROS 7917.TJapan$596M-11%+6%7%12.5×n/an/a
Shanghai Smith Adhesive New Material 603683.SSChina$706M-43%+19%4%n/a33.2%+16.0%
Shenzhen Cotran Industrial Material 300731.SZChina$707M-47%-1%-1%127.7×n/an/a
Shandong Ruifeng Chemical 300243.SZChina$715M-19%+2%5%31.6×35.4%+8.6%

Questions

Which companies are Central Glass's closest peers?
The cockpit's peer set: Mativ (MATV), Rain Industries (RAIN.NS), Konishi (4956.T), Shanghai Yaohua Pilkington Glass (600819.SS), Keshun Waterproof Technologies (300737.SZ), Hubei Sanxia New Building Materials (600293.SS), Fineotex Chemical (FCL.NS), New East New Materials (603110.SS).
Is Central Glass expensive compared with its peers?
On forward p/e it trades at 10.6× against a peer median of 25.3×, cheapest of 15 in its peer set. For today's price to make sense, revenue must grow about -6% a year for seven years (Req g). Recent delivered growth is -5%, so the hurdle is -1 pp: the price already allows for a slowdown.
How has Central Glass stock performed?
Over six months to 6 Nov 2026 the shares returned +0.5% against -7.8% for the median peer; over one year +27.3%.

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.