Loading…
Japanese maker of industrial pumps and of dialysis machines used by hospitals and dialysis clinics.
Japanese maker of industrial pumps and of dialysis machines used by hospitals and dialysis clinics.
Sells cryogenic pumps used to move liquefied gases such as LNG, and dialysis machines, in two very different markets. The pumps are made to order for large gas projects, while dialysis machines are sold to hospitals and clinics that then buy the disposable items each treatment needs.
In one line: A pump-and-dialysis combo like a smaller Fresenius Medical Care plus Flowserve.
Moat: narrow (process know-how, installed base, regulatory licence). Niche cryogenic pump engineering plus a regulated, recurring dialysis-consumables business.
Headquarters: Tokyo, Japan · Founded: 1953 · Employees: 8,120
Size Nikkiso (6376.T) is a Japan Industrials company (Industrial Machinery) with a market value of $1.05B, the 712th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,534 on 6 Nov 2026.
Performance Over six months the shares fell 4.7%, against -23.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 20 in its peer set.
Growth Revenue grew 10.8% over the last twelve months (peer median +14.3%); the operating margin is 8.0% (peer median 8.9%).
Valuation It trades at 10.0× forward earnings against a peer median of 26.2× (2nd cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -0 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.0 points below its cost of capital (7.1% WACC).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥234B | ¥216B | ¥213B | ¥193B | ¥177B |
| Revenue growth | — | +1% | +11% | +9% | — |
| Gross profit | ¥70.1B | ¥60.1B | ¥53.6B | ¥47.2B | ¥41.4B |
| EBITDA | ¥30.2B | ¥26.2B | ¥17.5B | ¥15.0B | ¥6.36B |
| Net income | ¥17.0B | ¥13.7B | ¥7.96B | ¥9.07B | ¥13.6B |
| Free cash flow | ¥1.92B | ¥12.5B | -¥12.6B | ¥6.17B | ¥1.14B |
| Capital expenditure | ¥8.75B | ¥7.12B | ¥6.51B | ¥9.43B | ¥7.73B |
| Total debt | ¥113B | ¥110B | ¥107B | ¥81.1B | ¥89.3B |
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 |
|---|---|---|---|---|---|---|
| Nikkiso 6376.T | $1.05B | -5% | +11% | 8% | 10.0× | 6.3% |
| Fresenius Medical Care FME.DE | $12.6B | +14% | 0% | 11% | 10.4× | -3.6% |
| Flowserve FLS | $10.2B | +13% | 0% | 14% | 17.8× | 15.0% |
| NIPRO 8086.T | $1.55B | -9% | +3% | 6% | 14.9× | n/a |
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 | 6376.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -35.1% | -12.9% | 2nd lowest of 21 |
| 6-month return | -4.7% | -23.4% | 3rd highest of 20 |
| Distance from 52-week high | -44.1% | -50.7% | 8th highest of 21 |
| Revenue growth (TTM) | +10.8% | +14.3% | 8th lowest of 20 |
| Operating margin | 8.0% | 8.9% | 10th lowest of 20 |
| Forward P/E | 10.0× | 26.2× | 2nd cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 6.3% | 9.3% | 7th least demanding of 15 |
| Growth delivered (Del g) | +6.3% | +10.3% | 4th lowest of 15 |
| Hurdle (Req g minus delivered) | -0.0 pp | +1.6 pp | 7th least demanding of 15 |
| ROIC minus cost of capital | -2.0 pp | -1.1 pp | 10th lowest of 20 |
| EV / EBITDA | 8.0× | 8.2× | 3rd cheapest of 6 |
| Net debt / EBITDA | 2.5× | -1.5× | 2nd most indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nikkiso 6376.T | Japan | $1.05B | -5% | +11% | 8% | 10.0× | 6.3% | +6.3% |
| Guangzhou KDT Machinery 002833.SZ | China | $1.05B | -20% | +19% | 20% | 13.4× | 1.5% | +7.6% |
| Ningbo Cixing 300307.SZ | China | $1.05B | +24% | +31% | 9% | n/a | 11.0% | +9.5% |
| MayAir Technology (China) 688376.SS | China | $1.04B | -27% | +7% | 9% | 28.2× | n/a | n/a |
| Ningbo Kangqiang Electronics 002119.SZ | China | $1.04B | -12% | +49% | 5% | n/a | n/a | n/a |
| Suzhou SLAC Precision Equipment 300382.SZ | China | $1.04B | -31% | +11% | -4% | 67.4× | n/a | n/a |
| Hangzhou XZB Tech 603040.SS | China | $1.06B | -34% | +4% | 34% | 26.2× | 18.2% | +16.5% |
| Guangzhou Goaland Energy Conservation Tech 300499.SZ | China | $1.06B | -40% | +28% | 5% | 51.7× | n/a | n/a |
| Tsugami 6101.T | Japan | $1.03B | -23% | +24% | 27% | n/a | -5.3% | +15.9% |
| Morimatsu International 2155.HK | Hong Kong | $1.03B | -16% | +14% | 3% | 14.2× | -2.4% | +17.6% |
| Allied Machinery 605060.SS | China | $1.03B | -51% | +24% | 22% | 21.1× | 15.5% | +13.2% |
| Miracle Automation Engineering 002009.SZ | China | $1.03B | -27% | +6% | 1% | 28.8× | 34.6% | -5.1% |
| MACHVISION 3563.TW | Taiwan | $1.08B | -36% | +17% | 37% | 26.2× | 7.5% | +5.9% |
| Linco Technology 3644.TWO | Taiwan | $1.08B | n/a | n/a | n/a | n/a | n/a | n/a |
| Sunonwealth Electric Machine Industry 2421.TW | Taiwan | $1.08B | -16% | +21% | 16% | 9.6× | -2.5% | +7.9% |
| Lanzhou LS Heavy Equipment 603169.SS | China | $1.09B | -34% | -29% | -19% | 34.6× | n/a | n/a |
| Jiangsu Shentong Valve 002438.SZ | China | $1.01B | -23% | -5% | 17% | 17.5× | 5.9% | +6.1% |
| Lindab International LIAB.ST | Sweden | $1.01B | -10% | -3% | 7% | 17.7× | 4.2% | +9.4% |
| Est Tools 300488.SZ | China | $1.01B | +17% | +15% | 29% | n/a | 15.3% | +13.1% |
| Longhua Technology Group (Luoyang) Co 300263.SZ | China | $1.10B | -29% | +12% | 5% | 36.4× | 28.8% | +11.1% |
| PNC Process Systems 603690.SS | China | $1.10B | -23% | -36% | -48% | 19.6× | 32.9% | +15.4% |