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Japanese maker of CNC lathes and machining centers that also builds its own CNC control systems in-house.
Japanese maker of CNC lathes and machining centers that also builds its own CNC control systems in-house.
Sells machines, controllers and software as one package built in its own Japanese plants, then earns repeat income from parts, servicing and upgrades on installed machines. A large share of sales comes from outside Japan, and orders swing with manufacturers' capital spending.
In one line: A vertically integrated Japanese Haas/Fanuc combo.
Moat: narrow (process know-how, installed base). One of few machine-tool makers building its own CNC controller, aiding integration and reliability.
Headquarters: Nagoya, Japan · Founded: 1898 · Employees: 4,101
Size Okuma (6103.T) is a Japan Industrials company (Industrial Machinery) with a market value of $1.56B, the 559th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,775 on 6 Nov 2026.
Performance Over six months the shares fell 15.6%, against -17.0% for the median peer and +1.8% for the Japan market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue grew 14.8% over the last twelve months (peer median +11.6%); the operating margin is 8.6% (peer median 7.8%).
Valuation It trades at 10.4× forward earnings against a peer median of 26.0× (3rd cheapest of 16).
Capital Return on invested capital runs 4.6 points below its cost of capital (10.9% WACC).
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥249B | ¥236B | ¥207B | ¥228B | ¥228B |
| Revenue growth | — | +14% | -9% | 0% | — |
| Gross profit | ¥77.7B | ¥71.5B | ¥68.0B | ¥75.9B | ¥74.9B |
| EBITDA | ¥31.6B | ¥24.8B | ¥24.0B | ¥35.0B | ¥32.8B |
| Net income | ¥19.6B | ¥12.6B | ¥9.59B | ¥19.4B | ¥19.2B |
| Free cash flow | n/a | -¥1.02B | ¥11.2B | -¥1.12B | ¥10.5B |
| Capital expenditure | n/a | ¥30.4B | ¥13.6B | ¥12.9B | ¥9.26B |
| Total debt | ¥30.0B | ¥26.9B | ¥11.9B | ¥7.37B | ¥6.28B |
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 |
|---|---|---|---|---|---|---|
| Okuma 6103.T | $1.56B | -16% | +15% | 9% | 10.4× | n/a |
| Dmg Mori 6141.T | $2.53B | -13% | +20% | 4% | 23.5× | 12.9% |
| Makino Milling Machine 6135.T | $1.99B | +35% | +17% | 12% | 10.1× | -3.2% |
| Fanuc 6954.T | $31.2B | -23% | +13% | 23% | 22.0× | 16.9% |
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 | 6103.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -23.5% | -8.8% | 5th lowest of 21 |
| 6-month return | -15.6% | -17.0% | 10th highest of 20 |
| Distance from 52-week high | -33.9% | -42.6% | 6th highest of 21 |
| Revenue growth (TTM) | +14.8% | +11.6% | 9th highest of 21 |
| Operating margin | 8.6% | 7.8% | 8th highest of 21 |
| Forward P/E | 10.4× | 26.0× | 3rd cheapest of 16 |
| ROIC minus cost of capital | -4.6 pp | -2.4 pp | 6th lowest of 21 |
| EV / EBITDA | 7.0× | 7.6× | 3rd cheapest of 6 |
| Net debt / EBITDA | -1.2× | -0.3× | least indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Okuma 6103.T | Japan | $1.56B | -16% | +15% | 9% | 10.4× | n/a | n/a |
| Quick Intelligent Equipment 603203.SS | China | $1.57B | -12% | +20% | 21% | 39.3× | 28.7% | +15.2% |
| Helios Technologies HLIO | United States | $1.56B | -30% | +14% | 13% | 14.6× | 11.2% | +9.9% |
| Shanghai Highly (Group) 600619.SS | China | $1.57B | -33% | +3% | 3% | n/a | 8.6% | +13.1% |
| Ningbo Haitian Precision Machinery 601882.SS | China | $1.56B | -1% | +19% | 11% | 20.0× | 12.8% | +15.6% |
| Tofflon Science and Technology 300171.SZ | China | $1.57B | +4% | -2% | 6% | 34.7× | 8.0% | +14.0% |
| Qingdao Haier Biomedical 688139.SS | China | $1.58B | +6% | +12% | 9% | 36.5× | 20.7% | +10.8% |
| Tongyu Heavy Industry 300185.SZ | China | $1.59B | -17% | +6% | 4% | 43.7× | 6.3% | +3.1% |
| CKD 6407.T | Japan | $1.54B | -40% | +11% | 14% | 10.8× | 12.4% | +8.1% |
| Hunan Yujing Machinery 002943.SZ | China | $1.60B | -42% | -36% | -23% | 37.5× | n/a | n/a |
| Zhejiang Jiecang Linear Motion Technology 603583.SS | China | $1.60B | -4% | +5% | 8% | 26.0× | n/a | n/a |
| Jirfine Intelligent Equipment 301603.SZ | China | $1.53B | -12% | +43% | 15% | n/a | 28.5% | +26.7% |
| Rokae (Shandong) Robotics 3752.HK | Hong Kong | $1.52B | n/a | +105% | -5% | n/a | n/a | n/a |
| Jiangsu Huahong Technology Stock 002645.SZ | China | $1.52B | -38% | +57% | 5% | 20.6× | n/a | n/a |
| Changzheng Engineering Technology 603698.SS | China | $1.51B | -57% | -4% | 7% | 33.0× | n/a | n/a |
| Precision Tsugami (China) 1651.HK | Hong Kong | $1.62B | -35% | +24% | 28% | 7.7× | -13.9% | +9.8% |
| KSB SE & Co. KGaA KSB.DE | Germany | $1.63B | -3% | +2% | 7% | 10.3× | -3.2% | +6.6% |
| TerraVest Industries TVK.TO | Canada | $1.64B | -17% | +46% | 8% | 26.4× | 10.6% | +35.1% |
| Ningbo Donly 002164.SZ | China | $1.49B | +49% | +5% | 5% | n/a | n/a | n/a |
| Chang Wah Technology 6548.TWO | Taiwan | $1.65B | +9% | +25% | 15% | 17.5× | 9.2% | +6.8% |
| Shaanxi Aerospace Power Hi-Tech 600343.SS | China | $1.65B | -50% | -15% | -24% | n/a | n/a | n/a |