Loading…
Employees: 508
Size MEC (4971.T) is a Japan Materials company (Chemicals: Specialty) with a market value of $578M, the 992nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,925 on 6 Nov 2026.
Performance Over six months the shares fell 47.0%, against -13.0% for the median peer and +1.8% for the Japan market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 28.9% over the last twelve months (peer median +12.7%); the operating margin is 30.8% (peer median 6.8%).
Valuation It trades at 14.4× forward earnings against a peer median of 14.6× (6th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +5 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 6.6 points above its cost of capital (14.8% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥24.2B | ¥20.9B | ¥18.2B | ¥14.0B | ¥16.3B |
| Revenue growth | — | +15% | +30% | -14% | — |
| Gross profit | ¥15.2B | ¥13.0B | ¥11.1B | ¥8.32B | ¥9.80B |
| EBITDA | ¥8.30B | ¥6.57B | ¥5.38B | ¥3.27B | ¥4.76B |
| Net income | ¥6.17B | ¥5.03B | ¥2.29B | ¥2.30B | ¥3.06B |
| Free cash flow | n/a | ¥1.24B | ¥3.47B | ¥83.5M | ¥3.24B |
| Capital expenditure | n/a | ¥2.77B | ¥759M | ¥1.88B | ¥603M |
| Total debt | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
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 | 4971.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -35.4% | -14.6% | 2nd lowest of 21 |
| 6-month return | -47.0% | -13.0% | lowest of 21 |
| Distance from 52-week high | -59.7% | -38.8% | 2nd lowest of 21 |
| Revenue growth (TTM) | +28.9% | +12.7% | 6th highest of 21 |
| Operating margin | 30.8% | 6.8% | highest of 21 |
| Forward P/E | 14.4× | 14.6× | 6th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 17.2% | 15.3% | 5th most demanding of 10 |
| Growth delivered (Del g) | +11.9% | +8.8% | 5th highest of 10 |
| Hurdle (Req g minus delivered) | +5.3 pp | +3.3 pp | 5th most demanding of 10 |
| ROIC minus cost of capital | +6.6 pp | -3.1 pp | highest of 21 |
| EV / EBITDA | 9.5× | 7.3× | 5th most expensive of 10 |
| Net debt / EBITDA | -1.4× | 1.8× | least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| MEC 4971.T | Japan | $578M | -47% | +29% | 31% | 14.4× | 17.2% | +11.9% |
| Shandong Sunway Chemical 002469.SZ | China | $579M | -20% | -19% | 3% | 24.6× | n/a | n/a |
| Dainichiseika Color & Chemicals Mfg.Co 4116.T | Japan | $576M | +18% | +2% | 7% | n/a | 3.4% | -2.1% |
| TSRC 2103.TW | Taiwan | $576M | +17% | 0% | 7% | n/a | n/a | n/a |
| Hebei Jianxin Chemical Industry 300107.SZ | China | $581M | -6% | +39% | 11% | n/a | n/a | n/a |
| Grand Pacific Petrochemical 1312.TW | Taiwan | $571M | +3% | +28% | -15% | 10.6× | n/a | n/a |
| Guangdong Yussen Energy Technology 002986.SZ | China | $571M | -30% | +57% | 2% | 7.4× | -5.0% | +27.8% |
| Kanto Denka Kogyo 4047.T | Japan | $570M | -6% | +13% | 12% | 9.8× | n/a | n/a |
| IOL Chemicals & Pharmaceuticals IOLCP.NS | India | $569M | +87% | +19% | 9% | 21.6× | 29.8% | +3.5% |
| Skchem 285130.KS | South Korea | $588M | -27% | +27% | 0% | 33.8× | n/a | n/a |
| Koppers KOP | United States | $567M | -32% | -5% | 10% | 6.7× | -7.1% | +2.4% |
| Shenzhen Jdd Tech New Material 301538.SZ | China | $591M | -33% | +10% | 18% | 14.6× | 15.3% | +25.6% |
| Advanced Nano Products 121600.KS | South Korea | $565M | -23% | +33% | 12% | 57.5× | 28.1% | +18.2% |
| Shandong Fengyuan Chemical 002805.SZ | China | $591M | -38% | +281% | 1% | n/a | n/a | n/a |
| Everlight Chemical Industrial 1711.TW | Taiwan | $593M | -45% | -2% | -1% | n/a | n/a | n/a |
| Guangzhou Lushan New Materials 603051.SS | China | $595M | +5% | -5% | 0% | n/a | 32.5% | +8.5% |
| Cytech 301557.SZ | China | $595M | -3% | +13% | 7% | n/a | n/a | n/a |
| Jiangsu Hengxing New Material Technology 603276.SS | China | $596M | +7% | +29% | 8% | n/a | 18.5% | +15.2% |
| Ishihara Sangyo Kaisha 4028.T | Japan | $596M | -22% | +1% | 11% | 9.5× | 1.1% | +8.8% |
| Jinneng Science & Technology 603113.SS | China | $559M | -34% | +6% | -4% | n/a | n/a | n/a |
| Balaji Amines BALAMINES.NS | India | $604M | +15% | +21% | 19% | 36.2× | n/a | n/a |