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One of Japan's largest packaging makers, producing metal cans, plastic containers and glass bottles for food/beverage brands.
One of Japan's largest packaging makers, producing metal cans, plastic containers and glass bottles for food/beverage brands.
Makes cans, bottles and other containers for beverage and food brands, usually under long-term supply arrangements, with many plants positioned close to customers' filling lines. It competes on service, logistics and cost because packaging is low-priced per unit. The group is a holding company spanning cans, plastics, glass and functional materials.
In one line: A Japanese Crown Holdings/Ball Corporation for cans.
Moat: narrow (scale, customer qualification). Largest metal-can and packaging manufacturing scale in Japan with long-term beverage/food contracts.
Headquarters: Tokyo, Japan · Founded: 1900 · Employees: 19,067
Size Toyo Seikan (5901.T) is a Japan Materials company (Containers/Packaging) with a market value of $3.69B, the 309th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,328 on 6 Nov 2026.
Performance Over six months the shares gained 33.6%, against -0.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 6.2% over the last twelve months (peer median +3.2%); the operating margin is 5.8% (peer median 8.7%).
Valuation It trades at 20.4× forward earnings against a peer median of 16.1× (6th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.3 points below its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥991B | ¥963B | ¥923B | ¥951B | ¥906B |
| Revenue growth | — | +4% | -3% | +5% | — |
| Gross profit | ¥147B | ¥142B | ¥124B | ¥120B | ¥87.4B |
| EBITDA | ¥112B | ¥106B | ¥90.1B | ¥89.3B | ¥60.3B |
| Net income | ¥53.8B | ¥55.0B | ¥22.5B | ¥23.1B | ¥10.4B |
| Free cash flow | n/a | ¥42.3B | ¥60.4B | ¥12.2B | -¥82.1B |
| Capital expenditure | n/a | ¥49.1B | ¥34.1B | ¥53.8B | ¥64.0B |
| Total debt | ¥207B | ¥210B | ¥231B | ¥194B | ¥184B |
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 |
|---|---|---|---|---|---|---|
| Toyo Seikan 5901.T | $3.69B | +34% | +6% | 6% | 20.4× | -2.7% |
| Crown CCK | $13.1B | +20% | +14% | 12% | 13.9× | -4.7% |
| Ball BALL | $17.2B | +13% | +21% | 11% | 15.3× | 6.4% |
| Silgan SLGN | $4.34B | +2% | +4% | 10% | 10.2× | -5.8% |
| Ardagh Metal Packaging AMBP | $2.82B | +18% | +17% | 5% | 17.0× | 4.1% |
| O-I Glass OI | $796M | -44% | -2% | 9% | 10.1× | 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 | 5901.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -2.9% | +3.1% | 4th lowest of 21 |
| 6-month return | +33.6% | -0.4% | 2nd highest of 21 |
| Distance from 52-week high | -7.1% | -18.0% | 3rd highest of 21 |
| Revenue growth (TTM) | +6.2% | +3.2% | 6th highest of 21 |
| Operating margin | 5.8% | 8.7% | 8th lowest of 21 |
| Forward P/E | 20.4× | 16.1× | 6th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | -2.7% | 4.1% | 6th least demanding of 18 |
| Growth delivered (Del g) | +5.2% | +6.5% | 4th lowest of 18 |
| Hurdle (Req g minus delivered) | -7.9 pp | -7.9 pp | 9th least demanding of 18 |
| ROIC minus cost of capital | -0.3 pp | +1.5 pp | 8th lowest of 21 |
| EV / EBITDA | 6.2× | 8.3× | 2nd cheapest of 15 |
| Net debt / EBITDA | 0.7× | 3.2× | 4th least indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Toyo Seikan 5901.T | Japan | $3.69B | +34% | +6% | 6% | 20.4× | -2.7% | +5.2% |
| Vidrala VID.MC | Spain | $3.63B | +18% | -3% | 21% | 14.6× | 5.8% | +8.2% |
| Greif GEF | United States | $3.95B | +7% | -2% | 8% | 16.1× | 7.9% | -4.7% |
| Graphic Packaging GPK | United States | $3.31B | +5% | 0% | 6% | 12.3× | 5.0% | +5.6% |
| Oji 3861.T | Japan | $4.31B | -3% | 0% | 2% | 20.6× | 20.4% | +6.5% |
| Silgan SLGN | United States | $4.34B | +2% | +4% | 10% | 10.2× | -5.8% | +5.7% |
| Huhtamaki HUH1V.HE | Finland | $3.12B | -1% | -2% | 9% | 11.0× | -6.3% | +3.7% |
| Mondi MNDI.L | United Kingdom | $4.69B | +5% | +5% | 4% | 36.1× | 15.4% | +2.1% |
| Viscofan VIS.MC | Spain | $2.86B | -5% | +3% | 15% | 16.6× | -3.4% | +6.5% |
| Ardagh Metal Packaging AMBP | United States | $2.82B | +18% | +17% | 5% | 17.0× | 4.1% | +9.8% |
| Nine Dragons Paper 2689.HK | Hong Kong | $2.76B | -29% | +22% | 9% | 4.4× | n/a | n/a |
| Sonoco Products SON | United States | $4.99B | -2% | +4% | 10% | 9.0× | -1.9% | +7.5% |
| Shenzhen YUTO Packaging Technology 002831.SZ | China | $5.19B | 0% | +1% | 11% | 20.8× | -0.4% | +7.9% |
| Jiangsu Sidike New Materials Science & Technology 300806.SZ | China | $5.33B | -17% | +12% | 4% | 154.7× | n/a | n/a |
| Verallia SAS VRLA.PA | France | $2.56B | -10% | -3% | 9% | 14.7× | 5.6% | +5.6% |
| China International Marine Containers (Group) 2039.HK | Hong Kong | $6.11B | -35% | +6% | 4% | 12.7× | -8.1% | +9.9% |
| Jia Yao 1626.HK | Hong Kong | $2.05B | +175% | +161% | 6% | n/a | n/a | n/a |
| SIG SIGN.SW | Switzerland | $7.07B | +23% | -5% | 5% | 20.5× | 18.4% | +9.4% |
| Winpak WPK.TO | Canada | $1.91B | +12% | +3% | 15% | 12.5× | -10.9% | +6.6% |
| Shandong Pharmaceutical Glass 600529.SS | China | $1.85B | 0% | -9% | 18% | 16.5× | -2.4% | +5.5% |
| Yunnan Energy New Material (Group) 002812.SZ | China | $7.55B | -38% | +50% | 17% | 19.8× | 7.8% | +26.1% |