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Japanese maker of molding presses used to encapsulate semiconductor chips in plastic packaging.
Japanese maker of molding presses used to encapsulate semiconductor chips in plastic packaging.
Sells molding machines and the precision metal moulds that go with them, and moulds are changed as new chip packages are introduced, so each installed machine brings follow-on orders for tooling and service. Equipment orders arrive in waves as chipmakers and assembly houses invest.
In one line: A semiconductor-packaging-equipment niche player.
Moat: narrow (process know-how, customer qualification). Qualified molding-tool-of-record at OSATs; switching mid-production is costly.
Headquarters: Kyoto, Japan · Founded: 1979 · Employees: 2,211
Size Towa (6315.T) is a Japan Industrials company (Industrial Machinery) with a market value of $851M, the 818th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,785 on 6 Nov 2026.
Performance Over six months the shares fell 38.9%, against -23.8% for the median peer and +1.8% for the Japan market (cap-weighted) — lowest of 19 in its peer set.
Growth Revenue grew 29.3% over the last twelve months (peer median +7.7%); the operating margin is 15.5% (peer median 6.0%).
Valuation It trades at 15.3× forward earnings against a peer median of 20.1× (7th cheapest of 15).
Price implies For today's price to make sense, revenue must grow about 19% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is +6 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 2.8 points below its cost of capital (12.9% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥62.5B | ¥54.4B | ¥53.5B | ¥50.5B | ¥53.8B |
| Revenue growth | — | +2% | +6% | -6% | — |
| Gross profit | ¥21.7B | ¥18.4B | ¥19.9B | ¥18.2B | ¥18.8B |
| EBITDA | ¥13.1B | ¥10.2B | ¥11.7B | ¥11.3B | ¥12.7B |
| Net income | ¥6.78B | ¥4.59B | ¥8.12B | ¥6.44B | ¥7.35B |
| Free cash flow | n/a | ¥51.4M | ¥5.33B | ¥8.00B | ¥99.8M |
| Capital expenditure | n/a | ¥4.65B | ¥5.04B | ¥1.67B | ¥2.73B |
| Total debt | ¥20.6B | ¥18.2B | ¥10.1B | ¥14.0B | ¥15.9B |
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 |
|---|---|---|---|---|---|---|
| Towa 6315.T | $851M | -39% | +29% | 16% | 15.3× | 18.8% |
| Asmpt 0522.HK | $5.02B | -47% | +21% | 9% | 20.4× | 12.1% |
| Kulicke and Soffa Industries, I KLIC | $3.35B | -38% | +44% | 13% | 10.9× | 24.4% |
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 | 6315.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -30.6% | -8.1% | lowest of 21 |
| 6-month return | -38.9% | -23.8% | lowest of 19 |
| Distance from 52-week high | -52.2% | -46.7% | 7th lowest of 21 |
| Revenue growth (TTM) | +29.3% | +7.7% | 3rd highest of 21 |
| Operating margin | 15.5% | 6.0% | 4th highest of 21 |
| Forward P/E | 15.3× | 20.1× | 7th cheapest of 15 |
| Growth the price implies (Req g, 7 yrs) | 18.8% | 11.9% | 7th most demanding of 14 |
| Growth delivered (Del g) | +12.8% | +4.2% | 4th highest of 14 |
| Hurdle (Req g minus delivered) | +6.0 pp | +1.1 pp | 7th most demanding of 14 |
| ROIC minus cost of capital | -2.8 pp | -3.2 pp | 8th highest of 20 |
| EV / EBITDA | 9.5× | 15.2× | 3rd cheapest of 5 |
| Net debt / EBITDA | -0.7× | -2.0× | 2nd most indebted of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Towa 6315.T | Japan | $851M | -39% | +29% | 16% | 15.3× | 18.8% | +12.8% |
| Tianjin Benefo Tejing Electric 600468.SS | China | $852M | -28% | +16% | 0% | n/a | 38.3% | +0.2% |
| SUFA Technology Industry Co., Ltd., CNNC 000777.SZ | China | $850M | -25% | -25% | 2% | 37.2× | n/a | n/a |
| KEDE Numerical Control 688305.SS | China | $853M | -29% | -31% | 11% | 78.0× | n/a | n/a |
| Guangdong Vanward New Electric 002543.SZ | China | $849M | -17% | -12% | -3% | 20.1× | n/a | n/a |
| HMT HMT.NS | India | $849M | -15% | +9% | -82% | n/a | 61.3% | -6.9% |
| Guangdong LingXiao Pump Industry 002884.SZ | China | $848M | -16% | +8% | 25% | 13.2× | -5.6% | +3.7% |
| Kirloskar Pneumatic KIRLPNU.NS | India | $846M | -23% | +9% | 18% | 29.0× | 26.3% | +16.8% |
| Hangzhou Youngsun Intelligent Equipment 603901.SS | China | $858M | -17% | +11% | 6% | 20.0× | 11.9% | +14.7% |
| Tiangong International 0826.HK | Hong Kong | $843M | -28% | +8% | 11% | 8.8× | 5.7% | -2.7% |
| Create Technology & Science 000551.SZ | China | $842M | -29% | +15% | 11% | 15.2× | -0.5% | +5.7% |
| Shibuya 6340.T | Japan | $839M | +40% | +5% | 10% | 11.3× | -0.2% | +5.5% |
| Zhejiang Headman Machinery 688577.SS | China | $864M | -31% | +35% | 6% | 60.2× | n/a | n/a |
| Bingshan Refrigeration & Heat Transfer Technologies 000530.SZ | China | $833M | +47% | -8% | 0% | 79.1× | 20.4% | +20.5% |
| Shenzhen Riland Industry 300154.SZ | China | $831M | +41% | -2% | 5% | n/a | 44.6% | +10.0% |
| Kale Environment Technology (Shanghai) 301070.SZ | China | $872M | -29% | -9% | 0% | n/a | n/a | n/a |
| Shanghai Top Numerical Control Technology 7688.HK | Hong Kong | $873M | n/a | +9% | -53% | 231.6× | n/a | n/a |
| Suzhou Hailu Heavy Industry 002255.SZ | China | $875M | -38% | -19% | 16% | 11.9× | -0.5% | +2.8% |
| Shenzhen LDRobot 1236.HK | Hong Kong | $876M | n/a | +60% | -11% | n/a | n/a | n/a |
| Shanghai Huitong Energy 600605.SS | China | $878M | -10% | +13% | 14% | n/a | 41.3% | +2.9% |
| Suzhou Chunqiu Electronic Technology 603890.SS | China | $880M | -38% | +7% | 6% | 13.0× | 5.2% | +4.2% |