Loading…
Japanese maker of pneumatic components and automation equipment used in factory assembly and packaging lines.
Japanese maker of pneumatic components and automation equipment used in factory assembly and packaging lines.
Sells standard parts such as cylinders and valves in volume, largely through trading companies and distributors, so orders follow how much manufacturers invest in lines and tooling. Automation equipment and semiconductor cleanroom parts are built to customer specification and sold project by project, so those orders are lumpier.
In one line: A smaller Japanese Parker Hannifin for pneumatics.
Moat: narrow (installed base, process know-how). Long-standing OEM qualification in pneumatics; competes with larger global automation suppliers.
Headquarters: Komaki, Japan · Founded: 1943 · Employees: 4,826
Size CKD (6407.T) is a Japan Industrials company (Industrial Machinery) with a market value of $1.54B, the 565th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,627 on 6 Nov 2026.
Performance Over six months the shares fell 40.0%, against -13.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd lowest of 20 in its peer set.
Growth Revenue grew 11.0% over the last twelve months (peer median +10.2%); the operating margin is 14.0% (peer median 8.5%).
Valuation It trades at 10.8× forward earnings against a peer median of 25.0× (3rd cheapest of 16).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is +4 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 3.1 points below its cost of capital (14.0% WACC).
Next results Next results expected around 13 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥171B | ¥158B | ¥156B | ¥134B | ¥159B |
| Revenue growth | — | +1% | +16% | -16% | — |
| Gross profit | ¥51.9B | ¥45.7B | ¥44.2B | ¥37.0B | ¥45.5B |
| EBITDA | ¥30.9B | ¥26.6B | ¥25.6B | ¥19.9B | ¥27.8B |
| Net income | ¥16.8B | ¥13.6B | ¥13.5B | ¥8.34B | ¥14.8B |
| Free cash flow | n/a | ¥12.2B | ¥13.5B | -¥12.3B | -¥7.00M |
| Capital expenditure | n/a | ¥2.91B | ¥5.99B | ¥20.6B | ¥11.8B |
| Total debt | ¥33.2B | ¥34.6B | ¥35.8B | ¥37.5B | ¥18.6B |
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 |
|---|---|---|---|---|---|---|
| CKD 6407.T | $1.54B | -40% | +11% | 14% | 10.8× | 12.4% |
| Smc 6273.T | $21.9B | -27% | +16% | 24% | 15.9× | 16.2% |
| Parker Hannifin PH | $116B | +4% | +8% | 22% | 24.4× | 19.0% |
| Sankyo 6417.T | $2.68B | +16% | -23% | 31% | 10.2× | -18.7% |
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 | 6407.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -39.8% | -7.7% | lowest of 21 |
| 6-month return | -40.0% | -13.1% | 3rd lowest of 20 |
| Distance from 52-week high | -56.5% | -40.7% | 5th lowest of 21 |
| Revenue growth (TTM) | +11.0% | +10.2% | 11th highest of 21 |
| Operating margin | 14.0% | 8.5% | 4th highest of 21 |
| Forward P/E | 10.8× | 25.0× | 3rd cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | 12.4% | 12.8% | 7th least demanding of 14 |
| Growth delivered (Del g) | +8.1% | +10.8% | 4th lowest of 14 |
| Hurdle (Req g minus delivered) | +4.3 pp | +2.1 pp | 6th most demanding of 14 |
| ROIC minus cost of capital | -3.1 pp | -2.4 pp | 7th lowest of 21 |
| EV / EBITDA | 7.6× | 10.8× | 3rd cheapest of 8 |
| Net debt / EBITDA | -0.3× | -0.7× | 3rd most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| CKD 6407.T | Japan | $1.54B | -40% | +11% | 14% | 10.8× | 12.4% | +8.1% |
| Ningbo Haitian Precision Machinery 601882.SS | China | $1.56B | -1% | +19% | 11% | 20.0× | 12.8% | +15.6% |
| Jirfine Intelligent Equipment 301603.SZ | China | $1.53B | -12% | +43% | 15% | n/a | 28.5% | +26.7% |
| Helios Technologies HLIO | United States | $1.56B | -30% | +14% | 13% | 14.6× | 11.2% | +9.9% |
| Rokae (Shandong) Robotics 3752.HK | Hong Kong | $1.52B | n/a | +105% | -5% | n/a | n/a | n/a |
| Okuma 6103.T | Japan | $1.56B | -16% | +15% | 9% | 10.4× | n/a | n/a |
| Quick Intelligent Equipment 603203.SS | China | $1.57B | -12% | +20% | 21% | 39.3× | 28.7% | +15.2% |
| Jiangsu Huahong Technology Stock 002645.SZ | China | $1.52B | -38% | +57% | 5% | 20.6× | n/a | n/a |
| Shanghai Highly (Group) 600619.SS | China | $1.57B | -33% | +3% | 3% | n/a | 8.6% | +13.1% |
| Changzheng Engineering Technology 603698.SS | China | $1.51B | -57% | -4% | 7% | 33.0× | n/a | n/a |
| Tofflon Science and Technology 300171.SZ | China | $1.57B | +4% | -2% | 6% | 34.7× | 8.0% | +14.0% |
| Qingdao Haier Biomedical 688139.SS | China | $1.58B | +6% | +12% | 9% | 36.5× | 20.7% | +10.8% |
| Tongyu Heavy Industry 300185.SZ | China | $1.59B | -17% | +6% | 4% | 43.7× | 6.3% | +3.1% |
| Ningbo Donly 002164.SZ | China | $1.49B | +49% | +5% | 5% | n/a | n/a | n/a |
| Hunan Yujing Machinery 002943.SZ | China | $1.60B | -42% | -36% | -23% | 37.5× | n/a | n/a |
| Zhejiang Jiecang Linear Motion Technology 603583.SS | China | $1.60B | -4% | +5% | 8% | 26.0× | n/a | n/a |
| Interroll INRN.SW | Switzerland | $1.47B | -11% | +2% | 13% | 20.6× | 1.4% | -0.6% |
| Crompton Greaves Consumer Electricals CROMPTON.NS | India | $1.47B | -26% | +12% | 8% | 23.6× | 20.5% | +11.0% |
| LU-VE LUVE.MI | Italy | $1.47B | -13% | +8% | 10% | 25.0× | 14.5% | +8.6% |
| Precision Tsugami (China) 1651.HK | Hong Kong | $1.62B | -35% | +24% | 28% | 7.7× | -13.9% | +9.8% |
| Goodwin GDWN.L | United Kingdom | $1.46B | +16% | +2% | 13% | n/a | 47.7% | -12.1% |