Employees: 2,321
Size Hirakawa Hewtech (5821.T) is a Japan Industrials company (Electrical Products) with a market value of $309M, the 1347th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,070 on 6 Nov 2026.
Performance Over six months the shares fell 24.1%, against -29.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 19 in its peer set.
Growth Revenue grew 39.5% over the last twelve months (peer median +6.7%); the operating margin is 11.4% (peer median 4.8%).
Valuation It trades at 11.6× forward earnings against a peer median of 18.2× (2nd cheapest of 6).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.4 points below its cost of capital (11.5% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥45.9B | ¥38.4B | ¥30.8B | ¥29.3B | ¥32.2B |
| Revenue growth | — | +25% | +5% | -9% | — |
| Gross profit | ¥12.5B | ¥10.0B | ¥7.26B | ¥6.29B | ¥7.61B |
| EBITDA | n/a | ¥6.04B | ¥3.75B | ¥3.18B | ¥4.57B |
| Net income | ¥1.92B | ¥1.64B | ¥2.03B | ¥1.44B | ¥2.96B |
| Free cash flow | n/a | ¥2.00B | ¥2.28B | ¥3.12B | -¥273M |
| Capital expenditure | n/a | ¥1.80B | ¥1.61B | ¥1.10B | ¥1.92B |
| Total debt | ¥4.36B | ¥5.31B | ¥3.08B | ¥3.35B | ¥3.31B |
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| Measure | 5821.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -7.0% | -12.4% | 5th highest of 21 |
| 6-month return | -24.1% | -29.8% | 8th highest of 19 |
| Distance from 52-week high | -33.2% | -46.1% | 6th highest of 21 |
| Revenue growth (TTM) | +39.5% | +6.7% | 4th highest of 21 |
| Operating margin | 11.4% | 4.8% | 7th highest of 21 |
| Forward P/E | 11.6× | 18.2× | 2nd cheapest of 6 |
| Growth the price implies (Req g, 7 yrs) | 4.5% | 10.5% | 3rd least demanding of 7 |
| Growth delivered (Del g) | +10.9% | +9.6% | 3rd highest of 7 |
| Hurdle (Req g minus delivered) | -6.4 pp | -6.3 pp | 4th least demanding of 7 |
| ROIC minus cost of capital | -1.4 pp | -2.6 pp | 9th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hirakawa Hewtech 5821.T | Japan | $309M | -24% | +40% | 11% | 11.6× | 4.5% | +10.9% |
| Ta Tun Electric Wire & Cable 1623.TW | Taiwan | $308M | -37% | +20% | 15% | 18.2× | n/a | n/a |
| Shanghai Kaichuang Marine International 600097.SS | China | $311M | -18% | -9% | -1% | n/a | n/a | n/a |
| ChargePoint CHPT | United States | $311M | +86% | +9% | -39% | n/a | n/a | n/a |
| Laser Power & Infra LASERPOWER.NS | India | $304M | n/a | -9% | 12% | 22.7× | n/a | n/a |
| STL Technology 4931.TWO | Taiwan | $316M | +2% | +56% | 13% | n/a | 5.5% | +8.5% |
| Lumino Industries LUMINO.NS | India | $301M | n/a | +6% | 12% | n/a | 22.9% | +39.1% |
| Shenzhen Kexin Communication Technologies 300565.SZ | China | $318M | -33% | +2% | -6% | n/a | n/a | n/a |
| Xinling Electrical 301388.SZ | China | $319M | -31% | +15% | 5% | n/a | n/a | n/a |
| CNlight 002076.SZ | China | $321M | -15% | +136% | -4% | n/a | n/a | n/a |
| Hong Tai Electric Industrial 1612.TW | Taiwan | $294M | -16% | +2% | 12% | n/a | -8.8% | +10.6% |
| Indo Tech Transformers INDOTECH.NS | India | $293M | -4% | +22% | 14% | n/a | 38.0% | +30.6% |
| HIGEN RNM 160190.KS | South Korea | $291M | -67% | +7% | -13% | n/a | n/a | n/a |
| Osaki Electric 6644.T | Japan | $330M | -45% | +4% | 7% | 9.7× | -3.7% | +5.8% |
| QC Solar (Suzhou) 301278.SZ | China | $330M | -30% | -5% | 2% | 46.3× | n/a | n/a |
| Sunfly Intelligent Technology 300423.SZ | China | $338M | -38% | -65% | -53% | n/a | n/a | n/a |
| Suzhou Industrial Park Heshun Electric 300141.SZ | China | $341M | -31% | +13% | -6% | n/a | n/a | n/a |
| Jiangsu Tongda Power Technology 002576.SZ | China | $342M | -25% | -6% | 5% | n/a | 15.6% | +3.1% |
| Shandong Yabo Technology 002323.SZ | China | $344M | -35% | -45% | -95% | n/a | n/a | n/a |
| Wonderful Hi-Tech 6190.TWO | Taiwan | $277M | -30% | +9% | 7% | 11.7× | n/a | n/a |
| Hirect HIRECT.NS | India | $349M | -2% | +42% | 5% | n/a | n/a | n/a |