Which companies are Dai Nippon Toryo's closest peers?

The cockpit's peer set: Nippon Carbon (5302.T), Guangzhou Jointas Chemical Joint Stock (002909.SZ), Taiwan Paiho (9938.TW), Jiangsu Yabang Dyestuff (603188.SS), Jiangsu Jingxue Insulation Technology (301010.SZ), USI (1304.TW), Uzin Utz (UZU.DE), Chongqing Sanxia Paints (000565.SZ).

Is Dai Nippon Toryo expensive compared with its peers?

On ev / sales it trades at 0.7× against a peer median of 1.9×, 2nd cheapest of 21 in its peer set.

How has Dai Nippon Toryo stock performed?

Over six months to 6 Nov 2026 the shares returned +45.0% against -18.0% for the median peer; over one year +39.3%.

← CockpitCompetitor Analysis › 4611.T Dai Nippon Toryo Company, LimitedOpen in the cockpit ↗

Dai Nippon Toryo Company, Limited4611.TCompetitor analysis, valuation and peers

Japan · JPY·Materials›Industrial Specialties

Momentum leader 97

Competitor Analysis ▸ Charts Open in the cockpit

Mkt cap

$321M

US dollars, full cap

Free float

72%

of shares outstanding

$/day

$2.05M

20-day average traded

Fwd P/E

n/m

no positive forecast

ROIC−WACC

-2.2 pp

WACC 5.9%

Hurdle

n/a

no reverse DCF

Close · JPY¥1,787

1D-2.1%

1W-5.5%

1M+11.7%

3M+29.7%

6M+45.0%

YTD+32.7%

1Y+39.3%

ATR %4.0%

52w lowhigh11.2% off high

What Dai Nippon Toryo does

Employees: 2,522

Dai Nippon Toryo at a glance

Size Dai Nippon Toryo (4611.T) is a Japan Materials company (Industrial Specialties) with a market value of $321M, the 1323rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,787 on 6 Nov 2026.

Performance Over six months the shares gained 45.0%, against -18.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 20 in its peer set.

Growth Revenue grew 25.3% over the last twelve months (peer median +5.6%); the operating margin is 5.1% (peer median 6.3%).

Valuation It trades at 0.7× enterprise value to sales against a peer median of 1.9× (2nd cheapest of 21).

Capital Return on invested capital runs 2.2 points below its cost of capital (5.9% WACC).

Relative performance

Six months, rebased to 100: Dai Nippon Toryo against the median of its 20 peers (local-currency closes).

Dai Nippon Toryo financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
	TTM	FY2025	FY2024	FY2023	FY2022
Revenue	¥96.9B	¥93.8B	¥72.5B	¥71.9B	¥72.8B
Revenue growth	—	+29%	+1%	-1%	—
Gross profit	¥27.4B	¥25.9B	¥22.5B	¥21.9B	¥20.7B
EBITDA	¥8.19B	¥6.92B	¥7.05B	¥7.28B	¥6.30B
Net income	¥2.52B	¥1.69B	¥9.44B	¥4.60B	¥3.46B
Free cash flow	n/a	-¥1.99B	-¥1.01B	-¥174M	-¥1.69B
Capital expenditure	n/a	¥5.08B	¥5.32B	¥4.20B	¥3.16B
Total debt	¥16.7B	¥15.1B	¥12.2B	¥6.10B	¥6.18B

Quarterly statements and history in the cockpit →

Dai Nippon Toryo 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

Up and to the right = strong over both horizons. Dai Nippon Toryo is the large dot.

Fundamentals: revenue growth against valuation

Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Dai Nippon Toryo is the large dot.

Dai Nippon Toryo competitors and peer comparison

How Dai Nippon Toryo 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.

Dai Nippon Toryo against its 20 peers (data as of 6 Nov 2026)
Measure	4611.T	Peer median	Rank in peer set
1-month return	+11.7%	-10.2%	highest of 21
6-month return	+45.0%	-18.0%	2nd highest of 20
Distance from 52-week high	-11.2%	-33.9%	3rd highest of 21
Revenue growth (TTM)	+25.3%	+5.6%	3rd highest of 21
Operating margin	5.1%	6.3%	10th lowest of 21
EV / Sales	0.7×	1.9×	2nd cheapest of 21
ROIC minus cost of capital	-2.2 pp	-2.1 pp	11th highest of 21
EV / EBITDA	8.1×	7.3×	4th most expensive of 9
Net debt / EBITDA	0.8×	2.3×	4th least indebted of 11

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
Company	Market	Market cap	6M return	Revenue growth	Op. margin	EV / Sales	Req g	Delivered g
Dai Nippon Toryo 4611.T	Japan	$321M	+45%	+25%	5%	0.7×	n/a	n/a
Nippon Carbon 5302.T	Japan	$323M	-4%	+3%	12%	1.4×	3.5%	+7.1%
Guangzhou Jointas Chemical Joint Stock 002909.SZ	China	$326M	-16%	-10%	-3%	2.9×	n/a	n/a
Taiwan Paiho 9938.TW	Taiwan	$314M	-23%	-2%	13%	1.5×	n/a	n/a
Jiangsu Yabang Dyestuff 603188.SS	China	$350M	-22%	+13%	-9%	3.2×	n/a	n/a
Jiangsu Jingxue Insulation Technology 301010.SZ	China	$354M	-1%	-28%	-1%	3.1×	33.3%	+2.2%
USI 1304.TW	Taiwan	$358M	-20%	-14%	-4%	1.0×	n/a	n/a
Uzin Utz UZU.DE	Germany	$369M	-4%	+9%	8%	0.8×	0.4%	+5.7%
Chongqing Sanxia Paints 000565.SZ	China	$371M	-28%	+18%	-12%	5.7×	n/a	n/a
Yung Chi Paint & Varnish Mfg 1726.TW	Taiwan	$371M	0%	-1%	12%	0.9×	-13.1%	+4.1%
Aspial A30.SI	Singapore	$269M	+31%	+23%	10%	1.8×	n/a	n/a
Montauk Renewables MNTK	United States	$387M	+86%	+4%	2%	2.8×	n/a	n/a
Focus Hotmelt 301283.SZ	China	$390M	-32%	+28%	8%	0.9×	n/a	n/a
Zhejiang Lanyu Digital Technology 301585.SZ	China	$390M	-18%	+22%	13%	4.7×	n/a	n/a
Aspen Aerogels ASPN	United States	$407M	-4%	-49%	-41%	1.9×	9.9%	+22.0%
Hunan Resun 001218.SZ	China	$408M	-27%	+37%	5%	0.3×	n/a	n/a
Hangzhou Toka Ink 688571.SS	China	$429M	-26%	+4%	7%	1.6×	n/a	n/a
Essentra ESNT.L	United Kingdom	$430M	+37%	+7%	8%	1.3×	18.7%	-19.6%
Praise Victor Industrial 7768.TW	Taiwan	$434M	n/a	+3%	16%	6.2×	n/a	n/a
Sanlux 002224.SZ	China	$458M	-22%	+8%	-4%	2.2×	n/a	n/a
Hubei Xiangyuan New Material Technology 300980.SZ	China	$461M	-52%	+15%	5%	4.3×	21.6%	+13.8%

Questions

Which companies are Dai Nippon Toryo's closest peers?: The cockpit's peer set: Nippon Carbon (5302.T), Guangzhou Jointas Chemical Joint Stock (002909.SZ), Taiwan Paiho (9938.TW), Jiangsu Yabang Dyestuff (603188.SS), Jiangsu Jingxue Insulation Technology (301010.SZ), USI (1304.TW), Uzin Utz (UZU.DE), Chongqing Sanxia Paints (000565.SZ).
Is Dai Nippon Toryo expensive compared with its peers?: On ev / sales it trades at 0.7× against a peer median of 1.9×, 2nd cheapest of 21 in its peer set.
How has Dai Nippon Toryo stock performed?: Over six months to 6 Nov 2026 the shares returned +45.0% against -18.0% for the median peer; over one year +39.3%.