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Japanese manufacturer of pachinko and pachislot gaming machines for Japan's amusement arcade industry.
Japanese manufacturer of pachinko and pachislot gaming machines for Japan's amusement arcade industry.
Sells machines to parlor operators who replace them in waves as player interest fades, so results depend on whether new game titles become hits. Each design needs regulatory approval before it can ship. Pachinko is the core line.
In one line: A niche Japanese slot-machine maker like a smaller IGT/Aristocrat.
Moat: narrow (brand, IP / patents). Established pachinko/pachislot game brand and machine-design IP in a licensed, regulated industry.
Headquarters: Tokyo, Japan · Founded: 1965 · Employees: 895
Size Sankyo (6417.T) is a Japan Industrials company (Industrial Conglomerates) with a market value of $2.68B, the 397th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,140 on 6 Nov 2026.
Performance Over six months the shares gained 15.8%, against +3.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 8 in its peer set.
Growth Revenue fell 23.1% over the last twelve months (peer median +5.8%); the operating margin is 31.2% (peer median 10.7%).
Valuation It trades at 10.2× forward earnings against a peer median of 11.8× (4th cheapest of 8).
Price implies For today's price to make sense, revenue must grow about -19% a year for seven years (Req g). Recent delivered growth is +25%, so the hurdle is -44 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 39.6 points above its cost of capital (5.0% WACC).
Next results Next results expected around 5 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥158B | ¥179B | ¥192B | ¥199B | ¥157B |
| Revenue growth | — | -7% | -4% | +27% | — |
| Gross profit | ¥91.0B | ¥105B | ¥112B | ¥111B | ¥90.9B |
| EBITDA | ¥52.4B | ¥65.5B | ¥76.4B | ¥75.4B | ¥60.4B |
| Net income | ¥37.4B | ¥46.8B | ¥54.0B | ¥53.8B | ¥46.9B |
| Free cash flow | n/a | ¥34.9B | ¥53.8B | ¥44.6B | ¥32.4B |
| Capital expenditure | n/a | ¥16.9B | ¥4.24B | ¥2.97B | ¥2.69B |
| Total debt | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
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 |
|---|---|---|---|---|---|---|
| Sankyo 6417.T | $2.68B | +16% | -23% | 31% | 10.2× | -18.7% |
| Sega Sammy 6460.T | $4.28B | +46% | +24% | 10% | 17.8× | -2.3% |
| Konami 9766.T | $23.5B | +45% | +25% | 33% | 25.7× | -1.5% |
| Heiwa 6412.T | $1.32B | +16% | +47% | 16% | 10.2× | 4.1% |
| Universal Entertainment 6425.T | $324M | -10% | +9% | 4% | 9.4× | 15.1% |
| Tsuburaya Fields 2767.T | $963M | +72% | -5% | 10% | 10.1× | -10.3% |
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 | 6417.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +6.1% | -7.3% | 2nd highest of 8 |
| 6-month return | +15.8% | +3.2% | 3rd highest of 8 |
| Distance from 52-week high | -23.4% | -20.6% | 4th lowest of 8 |
| Revenue growth (TTM) | -23.1% | +5.8% | lowest of 8 |
| Operating margin | 31.2% | 10.7% | highest of 8 |
| Forward P/E | 10.2× | 11.8× | 4th cheapest of 8 |
| Growth the price implies (Req g, 7 yrs) | -18.7% | -7.5% | least demanding of 8 |
| Growth delivered (Del g) | +25.3% | +10.7% | 2nd highest of 8 |
| Hurdle (Req g minus delivered) | -44.0 pp | -17.0 pp | 2nd least demanding of 8 |
| ROIC minus cost of capital | +39.6 pp | +7.5 pp | highest of 8 |
| EV / EBITDA | 4.8× | 7.1× | cheapest of 7 |
| Net debt / EBITDA | -3.3× | -0.5× | least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sankyo 6417.T | Japan | $2.68B | +16% | -23% | 31% | 10.2× | -18.7% | +25.3% |
| ADEKA 4401.T | Japan | $2.53B | +3% | +5% | 11% | 11.8× | 3.6% | +5.0% |
| Societe BIC BB.PA | France | $2.92B | +11% | -4% | 15% | 13.4× | -11.9% | +5.1% |
| 3M India 3MINDIA.NS | India | $3.29B | -16% | +16% | 17% | 39.8× | 28.0% | +14.3% |
| Cirsa Enterprises, S.A.U CIRSA.MC | Spain | $3.69B | +54% | +6% | 23% | 11.8× | -7.5% | +25.2% |
| DCM Shriram DCMSHRIRAM.NS | India | $1.47B | -29% | +14% | 7% | 9.2× | 16.6% | +10.7% |
| Posco International 047050.KS | South Korea | $6.03B | -45% | +7% | 4% | 8.1× | -16.6% | +8.6% |
| Tsuburaya Fields 2767.T | Japan | $963M | +72% | -5% | 10% | 10.1× | -10.3% | +35.0% |