Employees: 3,367
Size Tsukishima (6332.T) is a Japan Industrials company (Industrial Machinery) with a market value of $547M, the 1020th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,180 on 6 Nov 2026.
Performance Over six months the shares fell 30.2%, against -19.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th lowest of 19 in its peer set.
Growth Revenue grew 8.1% over the last twelve months (peer median +8.8%); the operating margin is 6.7% (peer median 7.6%).
Valuation It trades at 10.0× forward earnings against a peer median of 19.5× (2nd cheapest of 9).
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 +10%, so the hurdle is -14 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.6 points below its cost of capital (8.2% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥151B | ¥149B | ¥139B | ¥124B | ¥97.8B |
| Revenue growth | — | +7% | +12% | +27% | — |
| Gross profit | ¥32.0B | ¥29.8B | ¥27.6B | ¥24.6B | ¥18.7B |
| EBITDA | ¥13.6B | ¥13.3B | ¥12.9B | ¥10.4B | ¥8.19B |
| Net income | ¥16.5B | ¥16.9B | ¥6.67B | ¥2.67B | ¥4.21B |
| Free cash flow | n/a | ¥4.12B | ¥17.7B | -¥7.96B | ¥6.17B |
| Capital expenditure | n/a | ¥1.39B | ¥1.03B | ¥2.74B | ¥2.42B |
| Total debt | ¥16.1B | ¥17.7B | ¥21.6B | ¥38.1B | ¥19.1B |
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.
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 | 6332.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -17.1% | -12.2% | 9th lowest of 20 |
| 6-month return | -30.2% | -19.1% | 6th lowest of 19 |
| Distance from 52-week high | -38.1% | -42.4% | 8th highest of 21 |
| Revenue growth (TTM) | +8.1% | +8.8% | 10th lowest of 20 |
| Operating margin | 6.7% | 7.6% | 10th lowest of 20 |
| Forward P/E | 10.0× | 19.5× | 2nd cheapest of 9 |
| Growth the price implies (Req g, 7 yrs) | -3.7% | 13.9% | 2nd least demanding of 12 |
| Growth delivered (Del g) | +10.5% | +11.5% | 6th lowest of 12 |
| Hurdle (Req g minus delivered) | -14.2 pp | +3.2 pp | 3rd least demanding of 12 |
| ROIC minus cost of capital | -0.6 pp | -3.0 pp | 10th highest of 21 |
| EV / EBITDA | 4.8× | 15.2× | cheapest of 9 |
| Net debt / EBITDA | -2.9× | 0.2× | 4th least indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tsukishima 6332.T | Japan | $547M | -30% | +8% | 7% | 10.0× | -3.7% | +10.5% |
| Forge Nano NANO | United States | $545M | n/a | n/a | n/a | n/a | n/a | n/a |
| Zhuhai Huajin Capital 000532.SZ | China | $545M | -17% | +8% | 32% | n/a | 7.1% | -0.7% |
| Wayz Intelligent Manufacturing Technology 688211.SS | China | $545M | -18% | +25% | -3% | n/a | n/a | n/a |
| Shanghai Yongli Belting 300230.SZ | China | $544M | -11% | +13% | 10% | n/a | -2.6% | -5.7% |
| Zhejiang XiaSha Precision Manufacturing 001306.SZ | China | $553M | -16% | +9% | -15% | n/a | n/a | n/a |
| Shaoyang Victor Hydraulics 301079.SZ | China | $555M | -21% | +20% | 4% | n/a | n/a | n/a |
| Lohia LCL.NS | India | $556M | n/a | +24% | 15% | n/a | 3.9% | +8.5% |
| Komori 6349.T | Japan | $536M | +9% | +4% | 8% | 11.5× | n/a | n/a |
| Zhangjiagang Furui Special Equipment 300228.SZ | China | $533M | -36% | -12% | 8% | n/a | -3.9% | +11.8% |
| Jiangsu Beiren Smart Manufacturing Technology 688218.SS | China | $562M | -5% | -10% | -10% | n/a | 21.9% | +1.6% |
| Higa 603150.SS | China | $532M | -32% | +76% | 3% | 24.1× | 15.7% | +27.7% |
| Nantong Guosheng Intelligence Technology 688558.SS | China | $562M | -20% | +17% | 12% | 20.1× | 15.7% | +11.5% |
| Porvair PRV.L | United Kingdom | $532M | +15% | +3% | 13% | 18.9× | 6.8% | +7.5% |
| WPG (Shanghai) Smart Water Public 603956.SS | China | $563M | +13% | -24% | -39% | n/a | n/a | n/a |
| GMM Pfaudler GMMPFAUDLR.NS | India | $532M | +22% | +14% | 7% | 42.4× | 13.9% | +28.6% |
| Qingdao Weflo Valve 002871.SZ | China | $530M | -24% | +17% | 18% | 26.1× | 22.0% | +14.3% |
| Nanjing Canatal Data-Centre Environmental Tech 603912.SS | China | $529M | -38% | -18% | -19% | n/a | n/a | n/a |
| Hangzhou Huaguang Advanced Welding Materials 688379.SS | China | $567M | -39% | +62% | 6% | 16.9× | n/a | n/a |
| Nomura Micro Science 6254.T | Japan | $527M | -43% | -48% | 11% | 7.7× | 22.4% | +13.1% |
| Cashway Fintech 603106.SS | China | $526M | -24% | -36% | 8% | n/a | n/a | n/a |