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Diversified Japanese heavy machinery maker producing construction equipment, precision reduction gears and plastic injection molding machines.
Diversified Japanese heavy machinery maker producing construction equipment, precision reduction gears and plastic injection molding machines.
Sells machines and precision parts across unrelated industries, so results blend several cycles: excavators follow construction spending, injection-moulding machines follow plastics makers' investment, and reduction gears, built around its Cyclo drive design, follow factory-automation and robot demand. Spare parts and servicing follow the installed base, and overseas sales are a large part of the total.
In one line: A diversified industrial conglomerate like a smaller Caterpillar/Parker Hannifin combined.
Moat: narrow (process know-how, installed base, scale). Diversified precision manufacturing scale and installed base across multiple industrial niches.
Headquarters: Tokyo, Japan · Founded: 1888 · Employees: 25,123
Size Sumitomo Heavy Industries (6302.T) is a Japan Industrials company (Industrial Machinery) with a market value of $3.64B, the 314th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,690 on 6 Nov 2026.
Performance Over six months the shares fell 9.8%, against -14.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 9.1% over the last twelve months (peer median +7.8%); the operating margin is 6.2% (peer median 8.8%).
Valuation It trades at 13.0× forward earnings against a peer median of 31.2× (4th cheapest of 20).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.6 points below its cost of capital (9.5% WACC).
Next results Next results expected around 17 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥1.15T | ¥1.07T | ¥1.07T | ¥1.08T | ¥1.14T |
| Revenue growth | — | 0% | -1% | -5% | — |
| Gross profit | ¥290B | ¥261B | ¥257B | ¥255B | ¥252B |
| EBITDA | ¥113B | ¥90.9B | ¥94.5B | ¥113B | ¥103B |
| Net income | ¥39.6B | ¥30.9B | ¥7.72B | ¥32.7B | ¥7.71B |
| Free cash flow | ¥25.6B | ¥11.3B | -¥34.9B | ¥25.9B | -¥15.2B |
| Capital expenditure | ¥50.1B | ¥52.3B | ¥47.7B | ¥39.5B | ¥36.5B |
| Total debt | ¥261B | ¥263B | ¥248B | ¥171B | ¥172B |
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 |
|---|---|---|---|---|---|---|
| Sumitomo Heavy Industries 6302.T | $3.64B | -10% | +9% | 6% | 13.0× | 6.3% |
| Nabtesco 6268.T | $2.77B | -28% | -8% | 9% | 17.6× | 7.8% |
| Komatsu 6301.T | $32.2B | -12% | +9% | 13% | 13.1× | 9.5% |
| Harmonic Drive Systems 6324.T | $2.60B | -18% | +12% | 7% | 62.4× | 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 | 6302.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -25.1% | +3.5% | 5th lowest of 21 |
| 6-month return | -9.8% | -14.6% | 7th highest of 21 |
| Distance from 52-week high | -26.6% | -37.1% | 7th highest of 21 |
| Revenue growth (TTM) | +9.1% | +7.8% | 9th highest of 21 |
| Operating margin | 6.2% | 8.8% | 6th lowest of 21 |
| Forward P/E | 13.0× | 31.2× | 4th cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | 6.3% | 6.0% | 6th most demanding of 12 |
| Growth delivered (Del g) | +4.3% | +11.3% | 2nd lowest of 12 |
| Hurdle (Req g minus delivered) | +2.0 pp | -3.4 pp | 6th most demanding of 12 |
| ROIC minus cost of capital | -3.6 pp | +0.2 pp | 8th lowest of 21 |
| EV / EBITDA | 6.4× | 14.7× | 3rd cheapest of 9 |
| Net debt / EBITDA | 1.2× | -0.2× | 2nd most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sumitomo Heavy Industries 6302.T | Japan | $3.64B | -10% | +9% | 6% | 13.0× | 6.3% | +4.3% |
| Haitian International 1882.HK | Hong Kong | $3.64B | -18% | +8% | 17% | 7.4× | -11.5% | +7.7% |
| Estun Automation 002747.SZ | China | $3.65B | +30% | +8% | 4% | 104.6× | 48.2% | +14.3% |
| Kunshan Kinglai Hygienic Materials 300260.SZ | China | $3.61B | -12% | +11% | 8% | 73.2× | n/a | n/a |
| Danieli & C. Officine Meccaniche DAN.MI | Italy | $3.60B | -24% | -8% | -6% | 13.5× | n/a | n/a |
| Zijin Longking 600388.SS | China | $3.70B | -6% | +13% | 11% | 17.4× | n/a | n/a |
| Mueller Water Products MWA | United States | $3.75B | -9% | +6% | 21% | 15.3× | 2.4% | +5.8% |
| Ningbo Zhenyu Technology 300953.SZ | China | $3.77B | -35% | +58% | 6% | 21.2× | n/a | n/a |
| THK 6481.T | Japan | $3.52B | -16% | +8% | 7% | 10.6× | 24.8% | +1.9% |
| Anhui Yingliu Electromechanical 603308.SS | China | $3.50B | -58% | +38% | 13% | 42.0× | n/a | n/a |
| Thermax THERMAX.NS | India | $3.46B | -34% | +5% | 6% | 43.6× | n/a | n/a |
| Aixtron AIXA.DE | Germany | $3.84B | -45% | -9% | 16% | 42.6× | 5.7% | +15.6% |
| Kadant KAI | United States | $3.46B | -14% | +17% | 16% | 21.7× | 15.5% | +10.6% |
| Voltas VOLTAS.NS | India | $3.84B | -19% | +4% | 4% | 50.1× | n/a | n/a |
| Shenzhen Zhaowei Machinery & Electronics 003021.SZ | China | $3.45B | +6% | 0% | 9% | 124.4× | 46.0% | +7.5% |
| Blue Star BLUESTARCO.NS | India | $3.43B | -10% | +9% | 5% | 56.0× | n/a | n/a |
| Guangdong Shenling Environmental Systems 301018.SZ | China | $3.42B | -27% | +45% | 5% | 64.8× | n/a | n/a |
| Jiangsu Lettall Electronic 603629.SS | China | $3.41B | -40% | +27% | 34% | n/a | 4.8% | +15.0% |
| Avic Aviation High-Technology 600862.SS | China | $3.92B | -6% | -3% | 22% | 31.2× | 6.0% | +11.4% |
| Krones KRN.DE | Germany | $3.94B | -7% | +3% | 7% | 11.2× | -1.8% | +11.3% |
| Moon Environment Technology 000811.SZ | China | $3.34B | -10% | +27% | 10% | 25.8× | 20.9% | +11.8% |