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Employees: 2,005
Size Koatsu Gas Kogyo (4097.T) is a Japan Materials company (Chemicals: Specialty) with a market value of $416M, the 1164th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,189 on 6 Nov 2026.
Performance Over six months the shares gained 8.1%, against -22.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 1.1% over the last twelve months (peer median +4.7%); the operating margin is 6.4% (peer median 8.4%).
Valuation It trades at 0.5× enterprise value to sales against a peer median of 2.3× (3rd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -9% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.2 points above its cost of capital (5.4% WACC).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥101B | ¥98.7B | ¥99.0B | ¥93.3B | ¥91.5B |
| Revenue growth | — | 0% | +6% | +2% | — |
| Gross profit | ¥27.1B | ¥25.0B | ¥25.0B | ¥24.0B | ¥22.6B |
| EBITDA | ¥9.75B | ¥9.11B | ¥8.75B | ¥8.47B | ¥7.73B |
| Net income | ¥5.13B | ¥4.66B | ¥4.78B | ¥4.50B | ¥3.94B |
| Free cash flow | n/a | ¥3.58B | ¥2.26B | ¥2.69B | -¥1.25B |
| Capital expenditure | n/a | ¥4.48B | ¥4.26B | ¥5.50B | ¥6.94B |
| Total debt | ¥6.88B | ¥6.92B | ¥11.6B | ¥11.5B | ¥10.1B |
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 | 4097.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.8% | -12.6% | 3rd highest of 21 |
| 6-month return | +8.1% | -22.6% | 3rd highest of 21 |
| Distance from 52-week high | -5.4% | -37.7% | highest of 21 |
| Revenue growth (TTM) | +1.1% | +4.7% | 8th lowest of 21 |
| Operating margin | 6.4% | 8.4% | 8th lowest of 21 |
| EV / Sales | 0.5× | 2.3× | 3rd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -9.1% | 16.4% | 2nd least demanding of 11 |
| Growth delivered (Del g) | +5.1% | +6.5% | 5th lowest of 11 |
| Hurdle (Req g minus delivered) | -14.2 pp | +10.9 pp | 3rd least demanding of 11 |
| ROIC minus cost of capital | +1.2 pp | -3.4 pp | 7th highest of 21 |
| EV / EBITDA | 4.8× | 16.7× | 3rd cheapest of 11 |
| Net debt / EBITDA | -2.0× | 1.8× | 3rd least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Koatsu Gas Kogyo 4097.T | Japan | $416M | +8% | +1% | 6% | 0.5× | -9.1% | +5.1% |
| TKG Huchems 069260.KS | South Korea | $426M | -20% | +8% | 6% | 0.3× | -20.9% | +13.7% |
| Oriental Union Chemical 1710.TW | Taiwan | $406M | +22% | -13% | -4% | 1.5× | n/a | n/a |
| Baotou Dongbao Bio-Tech 300239.SZ | China | $429M | -12% | +7% | 7% | 3.7× | n/a | n/a |
| Dhanuka Agritech DHANUKA.NS | India | $429M | -17% | 0% | 16% | 1.9× | 15.6% | +7.3% |
| Qualipoly Chemical 4722.TW | Taiwan | $402M | -32% | -4% | 8% | 4.5× | n/a | n/a |
| Nantex Industry 2108.TW | Taiwan | $401M | 0% | -3% | 13% | 0.4× | n/a | n/a |
| Tronox TROX | United States | $401M | -72% | +4% | -3% | 1.2× | n/a | n/a |
| Zhejiang Haisen Pharmaceutical 001367.SZ | China | $434M | -20% | +9% | 29% | 3.2× | -2.1% | +13.4% |
| Guangdong Delian 002666.SZ | China | $434M | -29% | +5% | 0% | 0.6× | n/a | n/a |
| Ellenbarrie Industrial Gases ELLEN.NS | India | $434M | 0% | +289% | 28% | 10.9× | 43.5% | +14.3% |
| Rayonier Advanced Materials RYAM | United States | $399M | -36% | +2% | 0% | 0.8× | 32.2% | +1.8% |
| Trust Chem 001335.SZ | China | $399M | -39% | +5% | 7% | 2.0× | 25.0% | +5.6% |
| Shaoxing Xingxin New Material 001358.SZ | China | $398M | -25% | -8% | 9% | 4.3× | n/a | n/a |
| Tatva Chintan Pharma Chem TATVA.NS | India | $398M | +18% | +50% | 13% | 6.0× | n/a | n/a |
| Zhejiang Jianye Chemical 603948.SS | China | $436M | -35% | -5% | 12% | 0.9× | -4.5% | +3.5% |
| Luoyang Jianlong Micro-nano New Materials 688357.SS | China | $393M | -28% | +12% | 13% | 3.0× | 8.5% | +13.2% |
| Vishnu Chemicals VISHNU.NS | India | $393M | -8% | +14% | 13% | 2.5× | n/a | n/a |
| Qingdao Copton Technology 603798.SS | China | $443M | -36% | -12% | 5% | 2.5× | 28.5% | +0.9% |
| Shenyang Chemical Industry 000698.SZ | China | $445M | -6% | +18% | 1% | 0.7× | n/a | n/a |
| Jiangsu Jiuwu Hi-Tech 300631.SZ | China | $389M | -26% | +15% | 10% | 3.2× | 17.1% | +3.5% |