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Toyota-group specialty steel maker producing forged/rolled steel for automotive parts plus magnetic materials used in EV motors.
Toyota-group specialty steel maker producing forged/rolled steel for automotive parts plus magnetic materials used in EV motors.
Makes steel to carmakers' specifications, then forges it into engine and drivetrain parts, so much of what it sells is finished components rather than raw bars. Toyota and its group suppliers are major customers and shareholders. Magnetic materials are a smaller line aimed at motors.
In one line: Toyota's captive specialty-steel and magnet supplier.
Moat: narrow (switching costs, customer qualification). Deep integration into Toyota's supply chain as a keiretsu member gives stable, qualified demand.
Headquarters: Tokai, Aichi, Japan · Founded: 1940 · Employees: 4,427
Size Aichi Steel (5482.T) is a Japan Materials company (Steel) with a market value of $970M, the 749th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,390 on 6 Nov 2026.
Performance Over six months the shares fell 16.6%, against -22.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 4.3% over the last twelve months (peer median +3.4%); the operating margin is 5.1% (peer median 5.0%).
Valuation It trades at 14.2× forward earnings against a peer median of 18.8× (3rd cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -7 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.3 points below its cost of capital (7.2% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥317B | ¥304B | ¥299B | ¥297B | ¥285B |
| Revenue growth | — | +2% | +1% | +4% | — |
| Gross profit | ¥44.8B | ¥45.1B | ¥38.7B | ¥37.9B | ¥27.9B |
| EBITDA | ¥34.3B | ¥36.0B | ¥31.9B | ¥30.9B | ¥21.7B |
| Net income | ¥10.9B | ¥11.2B | ¥7.82B | ¥6.59B | ¥1.61B |
| Free cash flow | ¥17.5B | ¥50.4B | ¥3.68B | ¥15.2B | -¥1.85B |
| Capital expenditure | ¥16.2B | ¥17.0B | ¥22.4B | ¥19.3B | ¥16.0B |
| Total debt | ¥67.4B | ¥50.7B | ¥68.2B | ¥77.2B | ¥90.0B |
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 |
|---|---|---|---|---|---|---|
| Aichi Steel 5482.T | $970M | -17% | +4% | 5% | 14.2× | 1.6% |
| Daido Steel 5471.T | $2.29B | -4% | +8% | 7% | 10.8× | 8.8% |
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 | 5482.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -20.6% | -6.5% | 3rd lowest of 21 |
| 6-month return | -16.6% | -22.8% | 7th highest of 20 |
| Distance from 52-week high | -32.0% | -39.4% | 7th highest of 21 |
| Revenue growth (TTM) | +4.3% | +3.4% | 10th highest of 19 |
| Operating margin | 5.1% | 5.0% | 10th highest of 19 |
| Forward P/E | 14.2× | 18.8× | 3rd cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 1.6% | 8.4% | 4th least demanding of 10 |
| Growth delivered (Del g) | +8.5% | +8.4% | 5th highest of 10 |
| Hurdle (Req g minus delivered) | -6.9 pp | +3.1 pp | 4th least demanding of 10 |
| ROIC minus cost of capital | -3.3 pp | -2.7 pp | 10th lowest of 21 |
| EV / EBITDA | 5.7× | 7.9× | 2nd cheapest of 7 |
| Net debt / EBITDA | 1.0× | 0.3× | 3rd most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Aichi Steel 5482.T | Japan | $970M | -17% | +4% | 5% | 14.2× | 1.6% | +8.5% |
| Xining Special Steel 600117.SS | China | $976M | -23% | 0% | -21% | n/a | n/a | n/a |
| Hanza HANZA.ST | Sweden | $978M | -11% | +72% | 8% | 18.8× | 10.4% | +22.8% |
| Labrador Iron Ore Royalty LIF.TO | Canada | $981M | -23% | -15% | 75% | 15.4× | 0.6% | -3.9% |
| Companhia Siderurgica Nacional Sponsored ADR SID | United States | $984M | -38% | +9% | 10% | n/a | n/a | n/a |
| Sansteel MinGuang Co., Ltd., Fujian 002110.SZ | China | $993M | -20% | -7% | -2% | 27.5× | 9.7% | -2.4% |
| Zhejiang Jingu 002488.SZ | China | $939M | -45% | +11% | 5% | 40.0× | n/a | n/a |
| Jayaswal Neco Industries JAYNECOIND.NS | India | $920M | -22% | +18% | 15% | n/a | 8.4% | +14.0% |
| Jiangsu Longda Superalloy 688231.SS | China | $919M | -34% | +54% | 6% | 35.0× | n/a | n/a |
| Tianjin You Fa Steel Pipe Group Stock 601686.SS | China | $1.03B | -15% | -2% | 1% | 9.8× | 4.0% | +0.9% |
| Hengong Precision Equipment 301261.SZ | China | $1.04B | -9% | +34% | 5% | 41.5× | 26.1% | +15.8% |
| RongFa Nuclear Equipment 002366.SZ | China | $898M | -29% | -15% | -18% | n/a | n/a | n/a |
| BRC Asia BEC.SI | Singapore | $894M | -9% | +23% | 8% | 10.5× | -14.8% | +20.5% |
| Xinjiang Baodi Mining 601121.SS | China | $887M | -23% | +23% | 23% | n/a | n/a | n/a |
| ZhongHe Shangda Aeronautic Materials 301522.SZ | China | $1.09B | -39% | +5% | 2% | n/a | n/a | n/a |
| BCI Minerals BCI.AX | Australia | $1.09B | +45% | n/a | n/a | n/a | n/a | n/a |
| Jiangsu Shagang 002075.SZ | China | $1.09B | -25% | -4% | 1% | n/a | n/a | n/a |
| TSP Wind Power 300129.SZ | China | $1.10B | -42% | -26% | 1% | 35.8× | n/a | n/a |
| Feng Hsin Steel 2015.TW | Taiwan | $1.11B | +4% | -12% | 0% | 14.5× | 9.2% | +1.2% |
| Vedanta Iron And Steel VISL.NS | India | $1.11B | n/a | n/a | n/a | n/a | n/a | n/a |
| Jiangsu Changbao Steel Tube 002478.SZ | China | $847M | -40% | +2% | 6% | 17.5× | -4.8% | +8.4% |