Loading…
Kawasaki Heavy Industries group engineering firm building HVAC, factory and waste-treatment facilities, renamed from Kawasaki Thermal Engineering.
Kawasaki Heavy Industries group engineering firm building HVAC, factory and waste-treatment facilities, renamed from Kawasaki Thermal Engineering.
Is paid by contract for designing and installing building air-conditioning, factory and waste-treatment systems, with follow-up maintenance and renewal work on installed plants, so profit hinges on bidding well and finishing within budget. It belongs to the Kawasaki Heavy Industries group.
Moat: narrow (process know-how, customer qualification). Kawasaki Heavy Industries group ties and plant-engineering know-how support recurring contracts.
Headquarters: Tokyo, Japan · Employees: 2,153
Size RAIZNEXT (6379.T) is a Japan Industrials company (Engineering & Construction) with a market value of $972M, the 748th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,025 on 6 Nov 2026.
Performance Over six months the shares gained 28.9%, against -14.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 13.4% over the last twelve months (peer median +8.1%); the operating margin is 8.4% (peer median 6.9%).
Valuation It trades at 15.8× forward earnings against a peer median of 21.7× (9th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about -1% a year for seven years (Req g). Recent delivered growth is +4%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 4.6 points above its cost of capital (6.9% WACC).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥178B | ¥175B | ¥157B | ¥140B | ¥140B |
| Revenue growth | — | +11% | +12% | 0% | — |
| Gross profit | ¥25.1B | ¥24.5B | ¥18.9B | ¥16.6B | ¥17.6B |
| EBITDA | ¥16.8B | ¥16.5B | ¥12.1B | ¥11.0B | ¥11.7B |
| Net income | ¥10.6B | ¥10.5B | ¥8.10B | ¥7.25B | ¥7.74B |
| Free cash flow | n/a | ¥9.20B | -¥3.56B | ¥1.02B | ¥8.16B |
| Capital expenditure | n/a | ¥5.19B | ¥3.45B | ¥2.55B | ¥1.91B |
| Total debt | ¥5.73B | ¥165M | ¥1.61B | ¥75.0M | ¥20.0M |
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 |
|---|---|---|---|---|---|---|
| RAIZNEXT 6379.T | $972M | +29% | +13% | 8% | 15.8× | -0.9% |
| Takasago Thermal Engineering 1969.T | $3.13B | -21% | +2% | 11% | 10.8× | 3.8% |
| DAI-DAN 1980.T | $2.05B | -15% | -7% | 14% | 10.2× | -4.4% |
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 | 6379.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.5% | -4.0% | 11th highest of 21 |
| 6-month return | +28.9% | -14.2% | 5th highest of 21 |
| Distance from 52-week high | -5.9% | -32.3% | 3rd highest of 21 |
| Revenue growth (TTM) | +13.4% | +8.1% | 7th highest of 21 |
| Operating margin | 8.4% | 6.9% | 8th highest of 21 |
| Forward P/E | 15.8× | 21.7× | 9th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | -0.9% | 0.3% | 5th least demanding of 12 |
| Growth delivered (Del g) | +3.6% | +5.1% | 4th lowest of 12 |
| Hurdle (Req g minus delivered) | -4.5 pp | -11.3 pp | 5th most demanding of 12 |
| ROIC minus cost of capital | +4.6 pp | -0.1 pp | 5th highest of 19 |
| EV / EBITDA | 9.1× | 8.6× | 5th cheapest of 9 |
| Net debt / EBITDA | -0.0× | 0.4× | 6th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| RAIZNEXT 6379.T | Japan | $972M | +29% | +13% | 8% | 15.8× | -0.9% | +3.6% |
| Kanadevia 7004.T | Japan | $979M | -23% | +8% | 2% | 6.3× | n/a | n/a |
| JSTI 300284.SZ | China | $963M | -25% | -4% | 1% | 39.1× | 10.5% | -5.4% |
| Welspun Enterprises WELENT.NS | India | $995M | +29% | +1% | 19% | 22.3× | n/a | n/a |
| Shenzhen Cheng Chung Design 002811.SZ | China | $949M | +48% | +28% | 13% | n/a | 9.1% | -6.2% |
| Acter Technology Integration 603163.SS | China | $997M | -32% | +1% | 11% | 28.4× | 18.6% | +22.2% |
| Yurtec 1934.T | Japan | $998M | -8% | -2% | 8% | 11.0× | -6.2% | +5.1% |
| East China Engineering Science and Technology 002140.SZ | China | $1,000M | -24% | +9% | 7% | 11.6× | 0.3% | +13.9% |
| Rosetti Marino YRM.MI | Italy | $1.01B | -9% | +14% | 7% | 27.6× | n/a | n/a |
| KEC International KEC.NS | India | $939M | -46% | -2% | 5% | 13.3× | n/a | n/a |
| Superloop SLC.AX | Australia | $1.01B | -19% | +22% | 5% | 30.8× | 28.0% | +47.3% |
| YIT YIT.HE | Finland | $938M | +45% | +10% | 3% | 75.2× | 12.8% | -10.6% |
| Toenec 1946.T | Japan | $1.01B | -32% | +2% | 8% | 7.9× | -2.3% | +4.8% |
| Guangzhou Metro Design & Research Institute 003013.SZ | China | $1.01B | +9% | -8% | 15% | 21.1× | n/a | n/a |
| Raito Kogyo 1926.T | Japan | $928M | -5% | +9% | 13% | 11.6× | -8.0% | +5.2% |
| Jiangsu Libert 605167.SS | China | $1.02B | -24% | -29% | 8% | 28.6× | n/a | n/a |
| Galliford Try GFRD.L | United Kingdom | $925M | +31% | +3% | 3% | 14.5× | -0.8% | +11.4% |
| Sentia SNTIA.OL | Norway | $924M | +8% | +15% | 5% | 14.3× | -11.1% | +4.2% |
| LS Marine Solution 060370.KS | South Korea | $924M | -35% | +21% | 6% | 55.0× | n/a | n/a |
| Hubei Chutian Smart Communication 600035.SS | China | $918M | -1% | +34% | 9% | n/a | n/a | n/a |
| Shanghai Geoharbour Construction 605598.SS | China | $913M | -48% | +9% | -3% | 541.7× | n/a | n/a |