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Maker of stamped automotive body parts and press-forming equipment, also produces mechanical keyboards.
Maker of stamped automotive body parts and press-forming equipment, also produces mechanical keyboards.
In one line: A Japanese auto-body-stamping supplier with a niche keyboard business.
Moat: narrow (process know-how, customer qualification). Precision stamping know-how tied to Honda-group supply, plus a niche premium keyboard brand.
Headquarters: Tokyo, Japan · Founded: 1939 · Employees: 6,860
Size Topre (5975.T) is a Japan Consumer Discretionary company (Auto Parts: OEM) with a market value of $1.04B, the 714th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,135 on 6 Nov 2026.
Performance Over six months the shares gained 31.8%, against -18.7% for the median peer and +1.8% for the Japan market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 5.5% over the last twelve months (peer median +6.3%); the operating margin is 7.7% (peer median 6.7%).
Valuation It trades at 7.6× forward earnings against a peer median of 13.9× (2nd cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.2 points below its cost of capital (10.8% WACC).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥391B | ¥379B | ¥374B | ¥355B | ¥290B |
| Revenue growth | — | +1% | +5% | +22% | — |
| Gross profit | ¥50.1B | ¥46.5B | ¥46.3B | ¥38.9B | ¥22.9B |
| EBITDA | ¥54.3B | ¥51.9B | ¥53.8B | ¥50.0B | ¥34.5B |
| Net income | ¥23.1B | ¥18.6B | ¥14.1B | ¥17.1B | ¥10.0B |
| Free cash flow | n/a | ¥5.38B | ¥19.4B | ¥16.4B | ¥7.99B |
| Capital expenditure | n/a | ¥30.0B | ¥33.0B | ¥22.6B | ¥17.8B |
| Total debt | ¥43.2B | ¥46.4B | ¥51.1B | ¥50.8B | ¥57.5B |
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 |
|---|---|---|---|---|---|---|
| Topre 5975.T | $1.04B | +32% | +5% | 8% | 7.6× | -1.2% |
| Aisin 7259.T | $9.78B | -14% | +6% | 4% | 10.0× | -0.3% |
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 | 5975.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.6% | -0.8% | 7th lowest of 21 |
| 6-month return | +31.8% | -18.7% | highest of 21 |
| Distance from 52-week high | -13.2% | -45.3% | 5th highest of 21 |
| Revenue growth (TTM) | +5.5% | +6.3% | 11th highest of 21 |
| Operating margin | 7.7% | 6.7% | 9th highest of 21 |
| Forward P/E | 7.6× | 13.9× | 2nd cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -1.2% | 2.0% | 7th least demanding of 17 |
| Growth delivered (Del g) | +12.0% | +8.5% | 6th highest of 17 |
| Hurdle (Req g minus delivered) | -13.2 pp | -9.7 pp | 5th least demanding of 17 |
| ROIC minus cost of capital | -2.2 pp | +1.7 pp | 5th lowest of 20 |
| EV / EBITDA | 2.8× | 6.7× | cheapest of 9 |
| Net debt / EBITDA | -0.3× | 1.8× | least indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Topre 5975.T | Japan | $1.04B | +32% | +5% | 8% | 7.6× | -1.2% | +12.0% |
| Bohai Automotive Systems 600960.SS | China | $1.04B | -13% | -26% | -2% | 16.5× | n/a | n/a |
| Zhejiang Asia-Pacific Mechanical & Electronic 002284.SZ | China | $1.05B | -29% | +10% | 9% | 10.7× | -1.8% | +13.9% |
| Zotye Automobile 000980.SZ | China | $1.05B | -35% | -33% | -93% | n/a | 37.5% | -17.1% |
| Dauch DCH | United States | $1.07B | -32% | +41% | 3% | 5.5× | n/a | n/a |
| HyUnion 002537.SZ | China | $1.01B | -21% | -6% | 4% | n/a | -1.7% | +1.7% |
| ARB ARB.AX | Australia | $1.08B | +1% | -4% | 16% | 17.0× | 15.7% | +2.4% |
| Guilin Fuda 603166.SS | China | $1.01B | -25% | +9% | 15% | 17.9× | n/a | n/a |
| Fuxin Dare Automotive Parts 300473.SZ | China | $1.10B | +28% | +21% | 5% | 33.5× | 20.8% | +10.0% |
| JOST Werke JST.DE | Germany | $1.11B | +5% | +32% | 7% | 10.8× | 3.0% | +14.1% |
| Saf-holland SFQ.DE | Germany | $1.11B | +9% | 0% | 8% | 13.2× | 0.9% | +12.6% |
| Hl Mando 204320.KS | South Korea | $1.13B | -43% | +2% | 3% | 9.6× | -19.9% | +11.2% |
| Hyundai Wia 011210.KS | South Korea | $962M | -41% | +12% | 2% | 10.2× | -11.0% | +5.2% |
| Ningbo TIP Rubber Technology 605255.SS | China | $959M | -53% | -9% | 5% | n/a | 47.5% | +0.9% |
| Guangzhou Ruili Kormee Automotive Electronic 001285.SZ | China | $1.14B | -22% | +21% | 14% | 17.4× | n/a | n/a |
| Exedy 7278.T | Japan | $1.14B | -17% | 0% | 7% | 11.3× | -6.9% | +6.0% |
| KYB 7242.T | Japan | $1.15B | +10% | +11% | 6% | 9.6× | -0.4% | +8.0% |
| Wuxi Zhenhua Auto Parts 605319.SS | China | $1.16B | -18% | +13% | 20% | 14.6× | -4.7% | +16.0% |
| Kuangda Technology 002516.SZ | China | $1.16B | -13% | +3% | 12% | n/a | 9.3% | +9.0% |
| Fujian Longxi Bearing (Group) 600592.SS | China | $926M | -19% | -2% | 11% | 28.9× | 14.0% | +3.0% |
| Zhejiang EV-Tech 301607.SZ | China | $1.18B | -7% | +60% | 6% | 20.3× | 24.2% | +35.3% |