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Airman Corp6364.TCompetitor analysis, valuation and peers

Japan · JPY·Industrials›Trucks/Construction/Farm Machinery
Momentum laggard 16
Mkt cap
$368M
US dollars, full cap
Free float
56%
of shares outstanding
$/day
$1.31M
20-day average traded
Fwd P/E
8.8×
forward earnings
ROIC−WACC
+6.5 pp
WACC 6.6%
Hurdle
n/a
no reverse DCF
Close · JPY¥2,015
1D-11.8%
1W-14.2%
1M-19.9%
3M-24.7%
6M-1.2%
YTD+10.5%
1Y+4.0%
ATR %4.8%
52w lowhigh27.7% off high

What Airman does

Employees: 820

Airman at a glance

Size Airman (6364.T) is a Japan Industrials company (Trucks/Construction/Farm Machinery) with a market value of $368M, the 1232nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,015 on 6 Nov 2026.

Performance Over six months the shares fell 1.2%, against -21.5% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 21 in its peer set.

Growth Revenue grew 2.3% over the last twelve months (peer median +11.9%); the operating margin is 14.3% (peer median 5.2%).

Valuation It trades at 8.8× forward earnings against a peer median of 18.8× (3rd cheapest of 8).

Capital Return on invested capital runs 6.5 points above its cost of capital (6.6% WACC).

Relative performance

8010012011 May 202611 Aug 20266 Nov 20266364.T 99Peer median 76
Six months, rebased to 100: Airman against the median of its 20 peers (local-currency closes).

Airman financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥56.1B¥55.6B¥54.4B¥51.9B¥49.0B
Revenue growth—+2%+5%+6%—
Gross profit¥16.2B¥15.2B¥14.2B¥13.5B¥11.5B
EBITDA¥9.17B¥8.33B¥7.57B¥7.32B¥5.79B
Net income¥6.29B¥5.60B¥4.77B¥5.10B¥3.75B
Free cash flown/a-¥3.62B¥3.10B¥1.90B¥1.87B
Capital expendituren/a¥1.36B¥1.09B¥2.19B¥1.11B
Total debt¥7.39B¥7.59B¥7.96B¥1.32B¥1.31B

Quarterly statements and history in the cockpit →

Airman 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%-20%0%67530693VSTTILLERS3008106023301533688015001226001360002890300865603280301032002972TWIN077970FSTR300103TLGOWNC6364.T6-month return →1-month return →
Up and to the right = strong over both horizons. Airman is the large dot.

Fundamentals: revenue growth against valuation

+5%+10%+15%10×20×30×6753VSTTILLERS6023688015TWIN077970FSTR6364.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Airman is the large dot.

Airman competitors and peer comparison

How Airman 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.

Airman against its 20 peers (data as of 6 Nov 2026)
Measure6364.TPeer medianRank in peer set
1-month return-19.9%-12.0%4th lowest of 21
6-month return-1.2%-21.5%3rd highest of 21
Distance from 52-week high-27.7%-38.0%5th highest of 21
Revenue growth (TTM)+2.3%+11.9%7th lowest of 21
Operating margin14.3%5.2%3rd highest of 21
Forward P/E8.8×18.8×3rd cheapest of 8
ROIC minus cost of capital+6.5 pp-1.3 pp2nd highest of 21
EV / EBITDA5.9×10.8×2nd cheapest of 10
Net debt / EBITDA-0.4×1.0×4th 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
Airman 6364.TJapan$368M-1%+2%14%8.8×n/an/a
Lungteh Shipbuilding 6753.TWTaiwan$369M-28%+13%25%15.2×n/an/a
Tan Chong International 0693.HKHong Kong$367M-2%-7%5%n/a-2.1%-0.5%
VST Tillers Tractors VSTTILLERS.NSIndia$359M-24%+17%11%24.8×27.3%+10.2%
Beijing Zhongkehaixun Digital S&T 300810.SZChina$359M-38%+35%-8%n/an/an/a
Daihatsu Infinearth Mfg.co.,ltd 6023.TJapan$357M-25%+11%10%7.6×n/an/a
Weima Agricultural Machinery 301533.SZChina$383M-15%+20%7%n/an/an/a
Traffic Control Technology 688015.SSChina$383M-37%+10%7%18.8×-3.9%+4.5%
Anhui Tuoshan Heavy Industries 001226.SZChina$387M-28%+30%3%n/an/an/a
Nanchang Mineral Systems 001360.SZChina$344M-16%+12%4%n/an/an/a
Shandong Hongyu Precision Machinery 002890.SZChina$343M-21%-2%2%n/an/an/a
Chengdu Dahongli Machinery 300865.SZChina$340M-22%+35%8%n/a25.4%-11.5%
Fujian South Highway Machinery 603280.SSChina$399M-28%-3%5%n/a15.3%-2.0%
Zhejiang Xinchai 301032.SZChina$335M-28%+2%4%n/a7.9%-1.1%
Shenzhen Keanda Electronic Technology 002972.SZChina$405M-18%+20%19%n/a12.2%+0.9%
Twin Disc TWINUnited States$332M+19%+12%5%30.9×5.7%+11.8%
STX Engine 077970.KSSouth Korea$413M-77%+10%7%6.9×n/an/a
L. B. Foster FSTRUnited States$418M-6%+16%5%21.6×11.5%+1.7%
Dagang 300103.SZChina$317M-19%-27%-58%n/an/an/a
Talgo TLGO.MCSpain$313M-21%+22%1%n/an/an/a
Wabash National WNCUnited States$444M+46%-7%-10%n/an/an/a

Questions

Which companies are Airman's closest peers?
The cockpit's peer set: Lungteh Shipbuilding (6753.TW), Tan Chong International (0693.HK), VST Tillers Tractors (VSTTILLERS.NS), Beijing Zhongkehaixun Digital S&T (300810.SZ), Daihatsu Infinearth Mfg.co.,ltd (6023.T), Weima Agricultural Machinery (301533.SZ), Traffic Control Technology (688015.SS), Anhui Tuoshan Heavy Industries (001226.SZ).
Is Airman expensive compared with its peers?
On forward p/e it trades at 8.8× against a peer median of 18.8×, 3rd cheapest of 8 in its peer set.
How has Airman stock performed?
Over six months to 6 Nov 2026 the shares returned -1.2% against -21.5% for the median peer; over one year +4.0%.

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.