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Japanese maker of compact, multiple-small-boiler industrial steam systems for factories, hospitals and food plants.
Japanese maker of compact, multiple-small-boiler industrial steam systems for factories, hospitals and food plants.
Sells boilers and then earns again from maintenance contracts and remote monitoring run through its own service network, which keeps customers tied to its parts and service. Compact units use less steam and water, and it exports to Asia and North America.
In one line: A boiler-focused industrial equipment maker, akin to a niche Cleaver-Brooks.
Moat: narrow (installed base, distribution, process know-how). Dense service network and modular multi-boiler design lower downtime versus single large boilers.
Headquarters: Matsuyama, Japan · Founded: 1927 · Employees: 7,896
Size Miura (6005.T) is a Japan Industrials company (Industrial Machinery) with a market value of $2.05B, the 475th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,862 on 6 Nov 2026.
Performance Over six months the shares fell 11.4%, against -9.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 9th lowest of 18 in its peer set.
Growth Revenue grew 5.8% over the last twelve months (peer median +11.3%); the operating margin is 10.6% (peer median 12.5%).
Valuation It trades at 11.6× forward earnings against a peer median of 19.6× (4th cheapest of 18).
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 +15%, so the hurdle is -19 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.1 points above its cost of capital (6.7% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥275B | ¥269B | ¥251B | ¥160B | ¥158B |
| Revenue growth | — | +7% | +57% | +1% | — |
| Gross profit | ¥104B | ¥92.3B | ¥84.0B | ¥62.9B | ¥60.1B |
| EBITDA | ¥43.3B | ¥43.4B | ¥39.2B | ¥28.8B | ¥28.2B |
| Net income | ¥28.8B | ¥27.6B | ¥22.9B | ¥19.4B | ¥16.9B |
| Free cash flow | ¥35.8B | ¥38.2B | ¥28.0B | ¥18.6B | ¥16.2B |
| Capital expenditure | ¥5.04B | ¥5.26B | ¥6.84B | ¥2.97B | ¥2.66B |
| Total debt | ¥23.6B | ¥124B | ¥136B | ¥6.66B | ¥7.19B |
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 |
|---|---|---|---|---|---|---|
| Miura 6005.T | $2.05B | -11% | +6% | 11% | 11.6× | -4.3% |
| Ihi 7013.T | $15.4B | -20% | +8% | 10% | 12.7× | 16.7% |
| Takuma 6013.T | $1.26B | -1% | +18% | 10% | 13.6× | -5.4% |
| Thermax THERMAX.NS | $3.46B | -34% | +5% | 6% | 43.6× | n/a |
| Babcock & Wilcox Enterprises BW | $484M | -78% | +40% | 4% | 12.2× | 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 | 6005.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.0% | +1.3% | 8th lowest of 21 |
| 6-month return | -11.4% | -9.1% | 9th lowest of 18 |
| Distance from 52-week high | -19.9% | -30.4% | 10th highest of 21 |
| Revenue growth (TTM) | +5.8% | +11.3% | 7th lowest of 21 |
| Operating margin | 10.6% | 12.5% | 10th lowest of 21 |
| Forward P/E | 11.6× | 19.6× | 4th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -4.3% | 0.6% | 5th least demanding of 13 |
| Growth delivered (Del g) | +14.8% | +10.2% | 6th highest of 13 |
| Hurdle (Req g minus delivered) | -19.1 pp | -8.2 pp | 4th least demanding of 13 |
| ROIC minus cost of capital | +3.1 pp | +2.6 pp | 9th highest of 20 |
| EV / EBITDA | 6.5× | 11.2× | cheapest of 11 |
| Net debt / EBITDA | -1.0× | -0.4× | 4th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Miura 6005.T | Japan | $2.05B | -11% | +6% | 11% | 11.6× | -4.3% | +14.8% |
| Guangdong Topstar Technology 300607.SZ | China | $2.05B | -1% | +20% | 7% | 88.9× | 31.0% | -1.8% |
| Shenzhen Hongfuhan Technology 301086.SZ | China | $2.04B | -23% | +58% | 14% | 27.7× | n/a | n/a |
| Chenbro Micom 8210.TW | Taiwan | $2.06B | -57% | +54% | 23% | 10.4× | 0.3% | +23.9% |
| Burckhardt Compression BCHN.SW | Switzerland | $2.07B | -3% | -15% | 13% | 18.6× | -7.8% | +9.9% |
| Direct Drive Tech 6731.HK | Hong Kong | $2.02B | n/a | +253% | -38% | n/a | n/a | n/a |
| Landis+Gyr LAND.SW | Switzerland | $2.01B | +17% | -22% | 25% | 21.5× | -10.2% | -5.7% |
| Max 6454.T | Japan | $2.01B | +1% | +11% | 18% | 19.4× | 2.4% | +9.2% |
| Xi'an Shaangu Power 601369.SS | China | $2.00B | -22% | -5% | 7% | 18.2× | -11.1% | +3.2% |
| Kaishan 300257.SZ | China | $2.00B | -56% | +12% | 15% | 22.0× | n/a | n/a |
| Enerpac Tool EPAC | United States | $1.99B | +9% | +6% | 20% | 18.8× | 3.8% | +4.3% |
| Shenyang Machine Tool 000410.SZ | China | $2.11B | -14% | +29% | -3% | n/a | 25.3% | +22.7% |
| Makino Milling Machine 6135.T | Japan | $1.99B | +35% | +17% | 12% | 10.1× | -3.2% | +17.5% |
| CIMC Enric 3899.HK | Hong Kong | $1.96B | -32% | +6% | 4% | 10.4× | -4.7% | +15.6% |
| LMW LMW.NS | India | $1.93B | +14% | +19% | 4% | 55.9× | n/a | n/a |
| Midera Food Processing MFP | United States | $1.92B | n/a | +11% | 14% | 16.4× | 0.9% | +10.5% |
| Suzhou Secote Precision Electronic 603283.SS | China | $1.92B | -12% | +9% | 20% | 20.2× | n/a | n/a |
| Excelland Robotics (Wuxi) 3231.HK | Hong Kong | $1.91B | n/a | +19% | -36% | n/a | n/a | n/a |
| Ta Liang Technology 3167.TW | Taiwan | $1.89B | -9% | +103% | 23% | 19.6× | 31.8% | +15.9% |
| Kunshan Kersen Science & Technology 603626.SS | China | $2.22B | +7% | -24% | -22% | 31.3× | n/a | n/a |
| Wuxi Autowell Technology 688516.SS | China | $2.22B | -42% | -14% | 8% | 23.4× | n/a | n/a |