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Employees: 1,635
Size Tsurumi Manufacturing (6351.T) is a Japan Industrials company (Industrial Machinery) with a market value of $763M, the 859th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,486 on 6 Nov 2026.
Performance Over six months the shares gained 14.4%, against -23.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 21 in its peer set.
Growth Revenue grew 10.6% over the last twelve months (peer median +2.7%); the operating margin is 13.4% (peer median 3.8%).
Valuation It trades at 1.2× enterprise value to sales against a peer median of 2.9× (4th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -19 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.7 points above its cost of capital (5.0% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥78.6B | ¥77.2B | ¥68.1B | ¥62.6B | ¥56.2B |
| Revenue growth | — | +13% | +9% | +11% | — |
| Gross profit | ¥29.4B | ¥28.6B | ¥25.7B | ¥22.1B | ¥19.8B |
| EBITDA | ¥13.6B | ¥13.8B | ¥12.2B | ¥10.3B | ¥8.54B |
| Net income | ¥6.57B | ¥5.16B | ¥8.78B | ¥8.29B | ¥6.26B |
| Free cash flow | n/a | ¥5.88B | ¥1.17B | ¥4.92B | ¥1.47B |
| Capital expenditure | n/a | ¥3.81B | ¥6.08B | ¥4.89B | ¥1.78B |
| Total debt | ¥14.4B | ¥16.5B | ¥16.6B | ¥10.0B | ¥7.17B |
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 | 6351.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.5% | -8.0% | 9th highest of 21 |
| 6-month return | +14.4% | -23.8% | 2nd highest of 21 |
| Distance from 52-week high | -8.9% | -46.4% | 2nd highest of 21 |
| Revenue growth (TTM) | +10.6% | +2.7% | 7th highest of 21 |
| Operating margin | 13.4% | 3.8% | 2nd highest of 21 |
| EV / Sales | 1.2× | 2.9× | 4th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -7.6% | 14.7% | 3rd least demanding of 15 |
| Growth delivered (Del g) | +11.2% | +4.3% | 5th highest of 15 |
| Hurdle (Req g minus delivered) | -18.9 pp | +13.4 pp | 4th least demanding of 15 |
| ROIC minus cost of capital | +3.7 pp | -5.9 pp | 4th highest of 21 |
| EV / EBITDA | 7.2× | 16.5× | cheapest of 4 |
| Net debt / EBITDA | -1.7× | -0.6× | 2nd least indebted of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tsurumi Manufacturing 6351.T | Japan | $763M | +14% | +11% | 13% | 1.2× | -7.6% | +11.2% |
| Yijiahe Technology 603666.SS | China | $762M | -12% | -39% | -72% | 14.4× | 11.8% | -11.3% |
| Vontron Technology 000920.SZ | China | $766M | -6% | +4% | 12% | 2.2× | 11.1% | +10.0% |
| Zhongzhong Science and Technology (Tianjin) 603135.SS | China | $767M | -32% | -3% | 4% | 5.0× | n/a | n/a |
| Huachangda Intelligent Equipment 300278.SZ | China | $757M | -26% | +28% | -2% | 1.7× | n/a | n/a |
| Sichuan Crun 002272.SZ | China | $757M | -34% | +11% | -4% | 3.3× | n/a | n/a |
| Motorcomm Electronic Technology 688515.SS | China | $757M | -41% | +54% | -15% | 5.6× | n/a | n/a |
| Hanyu Group Joint Stock 300403.SZ | China | $770M | -22% | +1% | 21% | 4.3× | 13.3% | +4.7% |
| Uchida Yoko 8057.T | Japan | $771M | +17% | +26% | 4% | 0.2× | -13.2% | +7.9% |
| Wuhan Huazhong Numerical Control System 300161.SZ | China | $772M | -20% | -2% | -12% | 4.0× | n/a | n/a |
| Focused Photonics (Hangzhou) 300203.SZ | China | $751M | -16% | -10% | -9% | 2.4× | -4.2% | -6.0% |
| Hiecise Precision Equipment 300809.SZ | China | $776M | -36% | -13% | 4% | 9.4× | 37.2% | +18.7% |
| Saurer Intelligent Technology 600545.SS | China | $776M | -37% | -7% | -21% | 2.2× | 22.3% | -6.0% |
| Eureka Forbes EUREKAFORB.NS | India | $749M | -29% | +13% | 9% | 2.3× | 34.3% | +221.8% |
| Zhejiang Kingland Pipeline and Technologies 002443.SZ | China | $748M | -19% | -6% | 3% | 1.0× | 14.5% | -3.6% |
| Jiangsu Rainbow Heavy Industries 002483.SZ | China | $745M | -14% | -30% | 10% | 0.6× | -16.0% | +13.6% |
| SDI 2351.TW | Taiwan | $782M | -16% | +7% | 8% | 2.4× | 24.9% | +3.9% |
| QuakeSafe Technologies 300767.SZ | China | $783M | -28% | -3% | -27% | 10.9× | 27.5% | -1.7% |
| Guizhou Zhongyida 600610.SS | China | $783M | -27% | +5% | 12% | 5.2× | 23.8% | -0.6% |
| Zenner Metering Technology (Shanghai) 301303.SZ | China | $785M | -17% | +9% | 10% | 2.6× | 15.0% | +15.8% |
| Jintuo Technology 603211.SS | China | $735M | -33% | +12% | 5% | 3.9× | n/a | n/a |