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Supplier of ultra-pure gas and chemical delivery systems, piping and materials for semiconductor cleanroom fabs.
Supplier of ultra-pure gas and chemical delivery systems, piping and materials for semiconductor cleanroom fabs.
In one line: A niche Japanese semiconductor-fab infrastructure supplier.
Moat: narrow (customer qualification, process know-how). Qualified ultra-high-purity gas infrastructure supplier embedded in fab construction/operation.
Headquarters: Tokyo, Japan · Founded: 1970 · Employees: 1,646
Size Japan Material (6055.T) is a Japan Materials company (Chemicals: Specialty) with a market value of $1.06B, the 710th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,623 on 6 Nov 2026.
Performance Over six months the shares fell 8.7%, against -21.7% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th highest of 20 in its peer set.
Growth Revenue grew 10.8% over the last twelve months (peer median +10.5%); the operating margin is 26.7% (peer median 10.8%).
Valuation It trades at 13.5× forward earnings against a peer median of 21.3× (2nd cheapest of 11).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 14.4 points above its cost of capital (13.8% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥60.7B | ¥58.0B | ¥52.7B | ¥48.6B | ¥46.5B |
| Revenue growth | — | +10% | +8% | +4% | — |
| Gross profit | ¥21.4B | ¥19.2B | ¥15.7B | ¥12.0B | ¥15.0B |
| EBITDA | ¥17.6B | ¥16.0B | ¥12.5B | ¥8.71B | ¥11.8B |
| Net income | ¥11.8B | ¥10.6B | ¥7.87B | ¥5.68B | ¥7.90B |
| Free cash flow | n/a | ¥8.90B | ¥12.1B | ¥372M | ¥1.93B |
| Capital expenditure | n/a | ¥728M | ¥2.17B | ¥3.88B | ¥2.82B |
| Total debt | ¥136M | ¥395M | ¥349M | ¥512M | ¥579M |
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 |
|---|---|---|---|---|---|---|
| Japan Material 6055.T | $1.06B | -9% | +11% | 27% | 13.5× | 9.4% |
| Air Water 4088.T | $3.93B | +23% | +7% | 4% | 14.3× | 7.1% |
| Nippon Sanso 4091.T | $15.3B | +1% | +10% | 15% | 16.9× | 7.8% |
| Air Products APD | $67.9B | +4% | +5% | 24% | 21.2× | 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 | 6055.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -32.5% | -10.9% | 2nd lowest of 21 |
| 6-month return | -8.7% | -21.7% | 7th highest of 20 |
| Distance from 52-week high | -41.4% | -44.4% | 10th highest of 21 |
| Revenue growth (TTM) | +10.8% | +10.5% | 11th highest of 21 |
| Operating margin | 26.7% | 10.8% | highest of 21 |
| Forward P/E | 13.5× | 21.3× | 2nd cheapest of 11 |
| Growth the price implies (Req g, 7 yrs) | 9.4% | 13.5% | 6th least demanding of 11 |
| Growth delivered (Del g) | +10.5% | +6.9% | 3rd highest of 11 |
| Hurdle (Req g minus delivered) | -1.1 pp | +5.6 pp | 3rd least demanding of 11 |
| ROIC minus cost of capital | +14.4 pp | -1.4 pp | highest of 21 |
| EV / EBITDA | 8.1× | 9.1× | 4th cheapest of 10 |
| Net debt / EBITDA | -1.4× | 2.6× | 3rd least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Japan Material 6055.T | Japan | $1.06B | -9% | +11% | 27% | 13.5× | 9.4% | +10.5% |
| Anhui Guofeng New Materials 000859.SZ | China | $1.04B | -14% | +6% | -4% | n/a | n/a | n/a |
| Ningbo Changhong Polymer Scientific & Technical 605008.SS | China | $1.04B | -11% | -12% | -1% | 31.5× | n/a | n/a |
| Jiangsu Evergreen New Material Technology 603125.SS | China | $1.03B | -23% | +38% | 19% | n/a | n/a | n/a |
| Shinkong Synthetic Fibers 1409.TW | Taiwan | $1.03B | +23% | -7% | 14% | n/a | n/a | n/a |
| Shikoku Kasei 4099.T | Japan | $1.03B | -26% | +20% | 18% | 14.8× | 5.0% | +6.5% |
| Hubei Heyuan Gas 002971.SZ | China | $1.09B | +9% | +12% | 7% | 138.4× | n/a | n/a |
| Kureha 4023.T | Japan | $1.02B | +7% | +7% | 10% | 22.6× | 4.1% | +2.3% |
| Guangzhou Lingwe Technology 301373.SZ | China | $1.01B | -37% | +15% | 26% | 48.0× | 35.6% | +7.4% |
| Yibin Tianyuan 002386.SZ | China | $1,000M | -27% | +14% | 3% | n/a | n/a | n/a |
| Jiangsu Sopo Chemical 600746.SS | China | $1.12B | -23% | +6% | 5% | n/a | n/a | n/a |
| Anhui Hwasu 600935.SS | China | $1.13B | -22% | -10% | -8% | n/a | 28.1% | -1.0% |
| Hangjin Technology 000818.SZ | China | $988M | -35% | -29% | -8% | n/a | 18.9% | +3.2% |
| Jiujiang Shanshui Technology 301190.SZ | China | $983M | +32% | +54% | 19% | n/a | n/a | n/a |
| Lihuayi Weiyuan Chemical 600955.SS | China | $978M | -39% | +18% | -8% | 17.7× | n/a | n/a |
| Vinati Organics VINATIORGA.NS | India | $1.14B | -26% | +11% | 20% | 23.8× | 24.0% | +18.2% |
| Ecovyst ECVT | United States | $1.15B | -26% | +20% | 12% | 14.1× | 8.0% | +7.8% |
| Shin-Etsu Polymer 7970.T | Japan | $1.15B | +5% | +10% | 13% | 13.2× | -2.9% | +8.4% |
| Shandong Boyuan Advanced Materials 301617.SZ | China | $1.15B | -4% | +11% | 12% | n/a | 44.7% | +22.5% |
| Guangdong Sinoplast Adv Matl 301686.SZ | China | $962M | n/a | +7% | 19% | n/a | n/a | n/a |
| Compass Minerals International CMP | United States | $962M | -18% | +5% | 8% | 20.0× | 8.1% | +2.8% |