Employees: 3,194
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).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| 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 flow | n/a | ¥17.1B | ¥18.0B | ¥15.1B | ¥10.2B |
| Capital expenditure | n/a | ¥9.38B | ¥5.59B | ¥7.10B | ¥6.36B |
| Total debt | ¥28.8B | ¥30.5B | ¥42.5B | ¥53.3B | ¥65.6B |
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 | 4044.T | Peer median | Rank 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 margin | 8.3% | 5.8% | 7th highest of 21 |
| Forward P/E | 10.6× | 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 pp | 6th least demanding of 12 |
| ROIC minus cost of capital | -0.2 pp | -3.9 pp | 5th highest of 21 |
| EV / EBITDA | 5.2× | 13.0× | 2nd cheapest of 15 |
| Net debt / EBITDA | -0.0× | 1.4× | 6th least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Central Glass 4044.T | Japan | $648M | 0% | +4% | 8% | 10.6× | -6.5% | -5.4% |
| Mativ MATV | United States | $646M | +27% | +1% | 4% | 11.0× | 6.2% | +13.0% |
| Rain Industries RAIN.NS | India | $645M | +35% | +17% | 10% | 12.4× | n/a | n/a |
| Konishi 4956.T | Japan | $643M | +9% | +7% | 9% | 12.3× | -10.1% | +4.9% |
| Shanghai Yaohua Pilkington Glass 600819.SS | China | $643M | -24% | 0% | 2% | 30.7× | n/a | n/a |
| Keshun Waterproof Technologies 300737.SZ | China | $656M | -41% | -12% | -8% | 34.2× | -15.7% | -0.6% |
| Hubei Sanxia New Building Materials 600293.SS | China | $640M | +15% | -34% | -21% | n/a | n/a | n/a |
| Fineotex Chemical FCL.NS | India | $635M | +86% | +91% | 15% | 34.4× | n/a | n/a |
| New East New Materials 603110.SS | China | $633M | -5% | -5% | 2% | n/a | n/a | n/a |
| KeePer Technical Laboratory 6036.T | Japan | $631M | +24% | +12% | 27% | 15.6× | -2.6% | +17.1% |
| Guangdong Silver Age Sci & Tech 300221.SZ | China | $667M | -16% | +7% | 7% | 26.3× | 27.7% | +6.0% |
| SGL Carbon SGL.DE | Germany | $668M | +2% | -16% | 8% | 18.9× | 2.3% | -1.6% |
| Borosil Renewables BORORENEW.NS | India | $628M | -29% | +11% | 26% | n/a | 12.7% | +25.4% |
| Tianjin Jiuri New Materials 688199.SS | China | $628M | -3% | +15% | 3% | 64.5× | n/a | n/a |
| Pizu 9893.HK | Hong Kong | $677M | -8% | -8% | 22% | n/a | n/a | n/a |
| Wuxi Holyview Microelectronics 603375.SS | China | $618M | -10% | -17% | -9% | n/a | 53.9% | +17.3% |
| Sheela Foam SFL.NS | India | $614M | -7% | +20% | 6% | 24.3× | 23.3% | +9.4% |
| ZACROS 7917.T | Japan | $596M | -11% | +6% | 7% | 12.5× | n/a | n/a |
| Shanghai Smith Adhesive New Material 603683.SS | China | $706M | -43% | +19% | 4% | n/a | 33.2% | +16.0% |
| Shenzhen Cotran Industrial Material 300731.SZ | China | $707M | -47% | -1% | -1% | 127.7× | n/a | n/a |
| Shandong Ruifeng Chemical 300243.SZ | China | $715M | -19% | +2% | 5% | 31.6× | 35.4% | +8.6% |