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Japanese maker of power and communication cables, including submarine power cables and optical fiber, for utilities and telecoms.
Japanese maker of power and communication cables, including submarine power cables and optical fiber, for utilities and telecoms.
Sells made-to-order cables for utility projects, with prices tied to the copper price plus a processing premium, so copper swings change revenue more than profit. Utility qualification makes orders recurring.
In one line: A smaller, cable-focused Prysmian.
Moat: narrow (process know-how, installed base). Long utility qualification history and niche submarine/superconducting cable expertise.
Headquarters: Tokyo, Japan · Founded: 1936 · Employees: 4,813
Size SWCC (5805.T) is a Japan Industrials company (Electrical Products) with a market value of $1.71B, the 527th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥13,400 on 6 Nov 2026.
Performance Over six months the shares gained 1.4%, against -32.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 19 in its peer set.
Growth Revenue grew 20.6% over the last twelve months (peer median +7.2%); the operating margin is 10.8% (peer median 7.8%).
Valuation It trades at 11.1× forward earnings against a peer median of 23.6× (cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.6 points above its cost of capital (9.9% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥293B | ¥278B | ¥238B | ¥214B | ¥209B |
| Revenue growth | — | +17% | +11% | +2% | — |
| Gross profit | ¥54.5B | ¥48.4B | ¥38.1B | ¥28.4B | ¥25.0B |
| EBITDA | ¥38.8B | ¥35.0B | ¥23.6B | ¥16.5B | ¥14.0B |
| Net income | ¥21.5B | ¥18.8B | ¥11.4B | ¥8.84B | ¥9.41B |
| Free cash flow | n/a | ¥10.4B | ¥6.16B | ¥14.1B | -¥324M |
| Capital expenditure | n/a | ¥7.03B | ¥7.59B | ¥4.05B | ¥4.93B |
| Total debt | ¥45.5B | ¥40.0B | ¥54.7B | ¥30.3B | ¥41.2B |
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 |
|---|---|---|---|---|---|---|
| SWCC 5805.T | $1.71B | +1% | +21% | 11% | 11.1× | 6.4% |
| Furukawa Electric 5801.T | $8.75B | -54% | +13% | 6% | 11.9× | n/a |
| Fujikura 5803.T | $33.0B | -50% | +28% | 19% | 14.3× | 28.9% |
| Sumitomo Electric Industries 5802.T | $27.3B | -47% | +14% | 9% | 11.4× | 13.3% |
| Prysmian PRY.MI | $33.9B | -35% | +17% | 8% | 20.2× | 13.1% |
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 | 5805.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.6% | -12.7% | 7th highest of 21 |
| 6-month return | +1.4% | -32.0% | 3rd highest of 19 |
| Distance from 52-week high | -31.5% | -49.4% | 5th highest of 21 |
| Revenue growth (TTM) | +20.6% | +7.2% | 9th highest of 21 |
| Operating margin | 10.8% | 7.8% | 6th highest of 21 |
| Forward P/E | 11.1× | 23.6× | cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 6.4% | 15.4% | 3rd least demanding of 14 |
| Growth delivered (Del g) | +11.4% | +14.1% | 7th lowest of 14 |
| Hurdle (Req g minus delivered) | -5.0 pp | +2.4 pp | 7th least demanding of 14 |
| ROIC minus cost of capital | +4.6 pp | -4.9 pp | 4th highest of 20 |
| EV / EBITDA | 8.0× | 14.3× | cheapest of 7 |
| Net debt / EBITDA | 0.8× | 0.2× | 3rd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SWCC 5805.T | Japan | $1.71B | +1% | +21% | 11% | 11.1× | 6.4% | +11.4% |
| Roshow Technology 002617.SZ | China | $1.68B | -24% | +4% | 8% | n/a | 17.9% | +5.2% |
| Opple Lighting 603515.SS | China | $1.67B | -26% | +1% | 9% | 17.2× | n/a | n/a |
| Finolex Cables FINCABLES.NS | India | $1.76B | 0% | +27% | 10% | 19.9× | n/a | n/a |
| Googol Technology 301510.SZ | China | $1.65B | -30% | +66% | 21% | n/a | 50.5% | +14.1% |
| Wuxi Huaguang Environment & Energy 600475.SS | China | $1.79B | -24% | -8% | 7% | 20.7× | 8.0% | +3.0% |
| Pfeiffer Vacuum Technology PFV.DE | Germany | $1.79B | -3% | 0% | 9% | 23.6× | 8.9% | +6.6% |
| Aerospace Hi-Tech 000901.SZ | China | $1.63B | -43% | -21% | 1% | n/a | n/a | n/a |
| Hainan Drinda New Energy Technology 2865.HK | Hong Kong | $1.62B | -65% | +1% | -13% | n/a | 29.6% | +53.8% |
| Guangdong Mingyang Electric 301291.SZ | China | $1.81B | -34% | -17% | 5% | 27.9× | 15.6% | +32.9% |
| Advanced Energy Solution 6781.TW | Taiwan | $1.82B | -37% | +38% | 24% | 13.5× | 2.6% | +20.5% |
| Farasis Energy (Gan Zhou) 688567.SS | China | $1.82B | -29% | -8% | -10% | n/a | -0.9% | +52.1% |
| Hammond Power Solutions HPS-A.TO | Canada | $1.60B | -41% | +51% | 11% | 13.7× | 9.4% | +22.8% |
| Yangtze Optical Electronic 688143.SS | China | $1.59B | +56% | +25% | 2% | 296.7× | n/a | n/a |
| Hengdian Group Tospo Lighting 603303.SS | China | $1.86B | +44% | +5% | 1% | 70.3× | 35.6% | -0.8% |
| CETC Chips Technology 600877.SS | China | $1.87B | -36% | -2% | -3% | n/a | n/a | n/a |
| ERock EROC | United States | $1.56B | n/a | +43% | -19% | 35.8× | 12.5% | +42.5% |
| Hangzhou Gold Electronic Equipment 301669.SZ | China | $1.56B | n/a | +37% | 9% | n/a | n/a | n/a |
| Sinfonia Technology 6507.T | Japan | $1.56B | -39% | +9% | 15% | 14.2× | 15.4% | +8.0% |
| Long Young Electronic (Kunshan) 301389.SZ | China | $1.55B | -41% | +103% | 17% | 55.4× | 46.5% | +3.3% |
| Hangzhou Zhongheng Electric 002364.SZ | China | $1.89B | -40% | +17% | 4% | 70.6× | n/a | n/a |