Loading…
Japanese cement producer that also makes electronics materials such as piezoelectric components.
Japanese cement producer that also makes electronics materials such as piezoelectric components.
Cement is sold domestically in volume with limited pricing power, and coal and energy costs weigh on margins. Its optical and electronic materials, such as modulators for fibre-optic communication, have become an important profit source beside the cement business.
Moat: narrow (scale). Established Japanese cement producer with a smaller high-margin electronics-materials side business.
Headquarters: Tokyo, Japan · Founded: 1907 · Employees: 3,045
Size Sumitomo Osaka Cement (5232.T) is a Japan Materials company (Construction Materials) with a market value of $969M, the 750th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥5,661 on 6 Nov 2026.
Performance Over six months the shares gained 48.9%, against -10.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 4.8% over the last twelve months (peer median -6.7%); the operating margin is 6.7% (peer median 8.3%).
Valuation It trades at 13.7× forward earnings against a peer median of 17.3× (4th cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is -1%, so the hurdle is +6 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 1.8 points below its cost of capital (5.7% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥228B | ¥224B | ¥219B | ¥223B | ¥205B |
| Revenue growth | — | +2% | -1% | +9% | — |
| Gross profit | ¥60.0B | ¥56.7B | ¥50.1B | ¥46.1B | ¥28.9B |
| EBITDA | ¥39.2B | ¥37.3B | ¥32.0B | ¥28.9B | ¥11.7B |
| Net income | ¥11.9B | ¥11.2B | ¥9.01B | ¥15.3B | -¥5.72B |
| Free cash flow | n/a | ¥1.88B | -¥2.76B | ¥14.8B | -¥44.1B |
| Capital expenditure | n/a | ¥32.7B | ¥27.6B | ¥28.9B | ¥27.9B |
| Total debt | ¥88.1B | ¥88.1B | ¥85.0B | ¥81.3B | ¥101B |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sumitomo Osaka Cement 5232.T | $969M | +49% | +5% | 7% | 13.7× | 4.6% |
| Taiheiyo Cement 5233.T | $3.03B | +19% | +1% | 8% | 7.7× | 0.8% |
| Ube 4208.T | $1.94B | +33% | +3% | 4% | 12.0× | n/a |
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 | 5232.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.4% | -3.8% | 9th highest of 21 |
| 6-month return | +48.9% | -10.8% | 2nd highest of 21 |
| Distance from 52-week high | -13.1% | -30.2% | 4th highest of 21 |
| Revenue growth (TTM) | +4.8% | -6.7% | 9th highest of 21 |
| Operating margin | 6.7% | 8.3% | 9th lowest of 21 |
| Forward P/E | 13.7× | 17.3× | 4th cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 4.6% | -3.7% | 5th most demanding of 17 |
| Growth delivered (Del g) | -1.3% | +4.4% | 6th lowest of 17 |
| Hurdle (Req g minus delivered) | +5.9 pp | -5.9 pp | 4th most demanding of 17 |
| ROIC minus cost of capital | -1.8 pp | -2.5 pp | 9th highest of 21 |
| EV / EBITDA | 5.8× | 8.0× | cheapest of 12 |
| Net debt / EBITDA | 1.9× | 1.2× | 3rd most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sumitomo Osaka Cement 5232.T | Japan | $969M | +49% | +5% | 7% | 13.7× | 4.6% | -1.3% |
| Maeda Kosen 7821.T | Japan | $944M | +21% | +11% | 17% | 14.8× | -4.7% | +10.6% |
| Hanilcmt 300720.KS | South Korea | $905M | -4% | -10% | 11% | 11.9× | -3.2% | +7.9% |
| China West Construction 002302.SZ | China | $884M | -16% | -24% | -7% | n/a | 12.5% | -5.0% |
| Goldsun Building Materials 2504.TW | Taiwan | $1.06B | -14% | -3% | 22% | 8.4× | -7.1% | +3.6% |
| China Resources Building Materials Technology 1313.HK | Hong Kong | $873M | -31% | -12% | -3% | n/a | -8.1% | -10.6% |
| NWPX Infrastructure NWPX | United States | $841M | -22% | +16% | 12% | 17.5× | 6.2% | +12.9% |
| Mitani Sekisan 5273.T | Japan | $1.12B | +33% | +9% | 18% | n/a | -8.4% | +7.7% |
| Loma Negra Compania Industrial Argentina SA Sponsored ADR LOMA | United States | $1.12B | -21% | -5% | 9% | 16.6× | 13.6% | +2.9% |
| Xinjiang Qingsong Building Materials & Chemicals (Group) 600425.SS | China | $833M | -16% | -8% | 9% | 17.3× | 2.0% | +5.1% |
| Ningxia Building Materials 600449.SS | China | $818M | -12% | -36% | 0% | 19.0× | -3.6% | +0.3% |
| Yang Guang 000608.SZ | China | $814M | +60% | +68% | 4% | n/a | n/a | n/a |
| Sinostone (Guangdong) 001212.SZ | China | $814M | -52% | -21% | -18% | n/a | n/a | n/a |
| Cementos Pacasmayo SAA Sponsored ADR CPAC | United States | $1.16B | +20% | +21% | 25% | 22.2× | -9.8% | +9.9% |
| Pan-United P52.SI | Singapore | $784M | -9% | +26% | 7% | 15.4× | -5.3% | +17.3% |
| Guangdong Dongpeng 003012.SZ | China | $779M | -24% | -15% | 0% | 29.8× | -3.8% | -3.3% |
| Jilin Yatai (Group) 600881.SS | China | $776M | +3% | -15% | -21% | n/a | 5.0% | -20.1% |
| Shandong Fiberglass 605006.SS | China | $1.25B | +10% | +31% | 5% | 64.0× | n/a | n/a |
| Caltagirone CALT.MI | Italy | $1.26B | +1% | +10% | 10% | n/a | 0.9% | +10.5% |
| West China Cement 2233.HK | Hong Kong | $1.30B | -29% | -10% | 15% | 11.1× | n/a | n/a |
| Guangdong Tapai 002233.SZ | China | $1.34B | -10% | -11% | 7% | 20.3× | -15.3% | -10.2% |