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← CockpitCompetitor Analysis › 6332.T Tsukishima Holdings Co. Ltd.Open in the cockpit ↗

Tsukishima Holdings Co. Ltd.6332.TCompetitor analysis, valuation and peers

Japan · JPY·Industrials›Industrial Machinery
Momentum laggard 10
Mkt cap
$547M
US dollars, full cap
Free float
59%
of shares outstanding
$/day
$5.43M
20-day average traded
Fwd P/E
10.0×
forward earnings
ROIC−WACC
-0.6 pp
WACC 8.2%
Hurdle
-14 pp
Req g minus delivered
Close · JPY¥2,180
1D-4.8%
1W-8.9%
1M-17.1%
3M-19.1%
6M-30.2%
YTD-22.8%
1Y-15.5%
ATR %3.8%
52w lowhigh38.1% off high

What Tsukishima does

Employees: 3,367

Tsukishima at a glance

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).

Relative performance

8010011 May 202611 Aug 20266 Nov 2026Peer median 786332.T 69
Six months, rebased to 100: Tsukishima against the median of its 20 peers (local-currency closes).

Tsukishima financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
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 flown/a¥4.12B¥17.7B-¥7.96B¥6.17B
Capital expendituren/a¥1.39B¥1.03B¥2.74B¥2.42B
Total debt¥16.1B¥17.7B¥21.6B¥38.1B¥19.1B

Quarterly statements and history in the cockpit →

Tsukishima competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%+20%-40%-20%0%+20%0005326882113002300013063010796349300228688218603150688558PRV603956GMMPFAUDLR00287160391268837962546031066332.T6-month return →1-month return →
Up and to the right = strong over both horizons. Tsukishima is the large dot.

Fundamentals: revenue growth against valuation

-50%0%+50%20×40×6349603150688558PRVGMMPFAUDLR00287168837962546332.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Tsukishima is the large dot.

Capital: growth delivered against growth the price implies

0%+10%+20%+30%0%10%20%30%000532300230LCL300228688218603150688558PRVGMMPFAUDLR00287162546332.TGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Tsukishima is the large dot.

Tsukishima competitors and peer comparison

How Tsukishima compares with its peers

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.

Tsukishima against its 20 peers (data as of 6 Nov 2026)
Measure6332.TPeer medianRank 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 margin6.7%7.6%10th lowest of 20
Forward P/E10.0×19.5×2nd 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 pp3rd least demanding of 12
ROIC minus cost of capital-0.6 pp-3.0 pp10th highest of 21
EV / EBITDA4.8×15.2×cheapest of 9
Net debt / EBITDA-2.9×0.2×4th least indebted of 10

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Tsukishima 6332.TJapan$547M-30%+8%7%10.0×-3.7%+10.5%
Forge Nano NANOUnited States$545Mn/an/an/an/an/an/a
Zhuhai Huajin Capital 000532.SZChina$545M-17%+8%32%n/a7.1%-0.7%
Wayz Intelligent Manufacturing Technology 688211.SSChina$545M-18%+25%-3%n/an/an/a
Shanghai Yongli Belting 300230.SZChina$544M-11%+13%10%n/a-2.6%-5.7%
Zhejiang XiaSha Precision Manufacturing 001306.SZChina$553M-16%+9%-15%n/an/an/a
Shaoyang Victor Hydraulics 301079.SZChina$555M-21%+20%4%n/an/an/a
Lohia LCL.NSIndia$556Mn/a+24%15%n/a3.9%+8.5%
Komori 6349.TJapan$536M+9%+4%8%11.5×n/an/a
Zhangjiagang Furui Special Equipment 300228.SZChina$533M-36%-12%8%n/a-3.9%+11.8%
Jiangsu Beiren Smart Manufacturing Technology 688218.SSChina$562M-5%-10%-10%n/a21.9%+1.6%
Higa 603150.SSChina$532M-32%+76%3%24.1×15.7%+27.7%
Nantong Guosheng Intelligence Technology 688558.SSChina$562M-20%+17%12%20.1×15.7%+11.5%
Porvair PRV.LUnited Kingdom$532M+15%+3%13%18.9×6.8%+7.5%
WPG (Shanghai) Smart Water Public 603956.SSChina$563M+13%-24%-39%n/an/an/a
GMM Pfaudler GMMPFAUDLR.NSIndia$532M+22%+14%7%42.4×13.9%+28.6%
Qingdao Weflo Valve 002871.SZChina$530M-24%+17%18%26.1×22.0%+14.3%
Nanjing Canatal Data-Centre Environmental Tech 603912.SSChina$529M-38%-18%-19%n/an/an/a
Hangzhou Huaguang Advanced Welding Materials 688379.SSChina$567M-39%+62%6%16.9×n/an/a
Nomura Micro Science 6254.TJapan$527M-43%-48%11%7.7×22.4%+13.1%
Cashway Fintech 603106.SSChina$526M-24%-36%8%n/an/an/a

Questions

Which companies are Tsukishima's closest peers?
The cockpit's peer set: Forge Nano (NANO), Zhuhai Huajin Capital (000532.SZ), Wayz Intelligent Manufacturing Technology (688211.SS), Shanghai Yongli Belting (300230.SZ), Zhejiang XiaSha Precision Manufacturing (001306.SZ), Shaoyang Victor Hydraulics (301079.SZ), Lohia (LCL.NS), Komori (6349.T).
Is Tsukishima expensive compared with its peers?
On forward p/e it trades at 10.0× against a peer median of 19.5×, 2nd cheapest of 9 in its peer set. 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.
How has Tsukishima stock performed?
Over six months to 6 Nov 2026 the shares returned -30.2% against -19.1% for the median peer; over one year -15.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.