Loading…
Startup building grid-scale batteries, ultra-fast EV chargers and battery-electric ships to transport offshore wind power.
Startup building grid-scale batteries, ultra-fast EV chargers and battery-electric ships to transport offshore wind power.
Today's income comes from building and selling battery storage systems and EV chargers, while the battery ships meant to carry offshore wind power are still being developed. The company is early-stage, so orders for the storage and charging hardware carry it while the ship concept is proven.
Moat: none (IP / patents). Early-stage; differentiation rests on an unproven battery-ship logistics concept.
Headquarters: Tokyo, Japan · Founded: 2021 · Employees: 163
Size PowerX (485A.T) is a Japan Industrials company (Electrical Products) with a market value of $1.20B, the 663rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,617 on 6 Nov 2026.
Performance Over six months the shares fell 54.6%, against -32.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 4th lowest of 20 in its peer set.
Growth Revenue grew 213.4% over the last twelve months (peer median +10.8%); the operating margin is -0.8% (peer median 3.6%).
Valuation It trades at 9.0× enterprise value to sales against a peer median of 2.8× (5th most expensive of 21).
Capital Return on invested capital runs 20.0 points below its cost of capital (18.9% WACC).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | ¥21.6B | ¥19.3B | ¥6.16B | ¥327M |
| Revenue growth | — | +213% | +1,784% | — |
| Gross profit | ¥5.69B | ¥5.23B | ¥1.55B | -¥141M |
| EBITDA | ¥372M | -¥218M | -¥4.62B | -¥5.18B |
| Net income | -¥968M | -¥1.65B | -¥8.01B | -¥6.17B |
| Free cash flow | n/a | -¥613M | -¥8.57B | -¥9.91B |
| Capital expenditure | n/a | ¥1.31B | ¥1.46B | ¥4.11B |
| Total debt | ¥8.89B | ¥7.43B | ¥6.39B | ¥1.50B |
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.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| PowerX 485A.T | $1.20B | -55% | +213% | -1% | 9.0× | n/a |
| Tesla TSLA | $1.42T | -16% | +8% | 4% | 13.4× | n/a |
| ABB ABBN.SW | $147B | -17% | +1% | 18% | 4.2× | 4.3% |
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 | 485A.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -25.5% | -17.3% | 5th lowest of 21 |
| 6-month return | -54.6% | -32.0% | 4th lowest of 20 |
| Distance from 52-week high | -71.0% | -55.4% | lowest of 21 |
| Revenue growth (TTM) | +213.4% | +10.8% | highest of 21 |
| Operating margin | -0.8% | 3.6% | 8th lowest of 21 |
| EV / Sales | 9.0× | 2.8× | 5th most expensive of 21 |
| ROIC minus cost of capital | -20.0 pp | -3.6 pp | 3rd lowest of 21 |
| Net debt / EBITDA | 10.5× | -0.1× | most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| PowerX 485A.T | Japan | $1.20B | -55% | +213% | -1% | 9.0× | n/a | n/a |
| SPG 058610.KS | South Korea | $1.20B | -42% | -7% | 5% | 4.9× | 40.9% | -0.8% |
| Atlanta Electricals ATLANTAELE.NS | India | $1.19B | -10% | +59% | 16% | 5.4× | 20.6% | +28.4% |
| Shenzhen Desay Battery Technology 000049.SZ | China | $1.20B | -28% | +9% | 2% | 0.5× | n/a | n/a |
| Jiangsu Zenergy Battery Technologies 3677.HK | Hong Kong | $1.19B | -56% | +58% | 6% | 1.0× | n/a | n/a |
| PFISTERER PFS0.DE | Germany | $1.18B | n/a | +17% | 14% | 2.1× | 15.5% | n/a |
| Jiangsu Haili Wind Power Equipment Technology 301155.SZ | China | $1.18B | -31% | -69% | -17% | 7.9× | n/a | n/a |
| Shenzhen Mason Technologies 002654.SZ | China | $1.18B | -34% | -6% | 1% | 1.8× | n/a | n/a |
| Harbin Electric Corp. Jiamusi Electric Machine 000922.SZ | China | $1.18B | -22% | +3% | 7% | 1.5× | 11.1% | +15.8% |
| Lotte Energy Materials 020150.KS | South Korea | $1.21B | -53% | -12% | -13% | 2.5× | n/a | n/a |
| Jiangsu Xihua New Energy Technology 603248.SS | China | $1.21B | -31% | +32% | 33% | 6.8× | n/a | n/a |
| Taihan Fiberoptics 010170.KS | South Korea | $1.21B | -30% | +6% | -10% | 11.1× | n/a | n/a |
| Shandong Sacred Sun Power Sources 002580.SZ | China | $1.23B | -34% | +22% | 4% | 2.1× | 21.6% | +14.2% |
| FOCI Fiber Optic Communications 3363.TWO | Taiwan | $1.24B | -59% | -2% | -16% | 21.6× | n/a | n/a |
| Sunstone Development 603612.SS | China | $1.25B | -32% | +28% | 8% | 0.9× | n/a | n/a |
| Goldcup Electric Apparatus 002533.SZ | China | $1.14B | -21% | +23% | 3% | 0.6× | n/a | n/a |
| Sinofibers Technology 300777.SZ | China | $1.26B | -48% | -61% | -25% | 18.3× | 55.1% | +16.7% |
| Keli Motor 002892.SZ | China | $1.13B | -14% | +13% | -1% | 3.5× | n/a | n/a |
| American Superconductor AMSC | United States | $1.13B | -58% | +26% | 4% | 3.1× | 56.5% | +28.0% |
| Volex VLX.L | United Kingdom | $1.27B | -20% | +9% | 9% | 1.1× | 13.2% | +22.3% |
| Amprius Technologies AMPX | United States | $1.27B | -48% | +144% | -17% | 11.0× | n/a | n/a |