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Employees: 1,786
Size Morita (6455.T) is a Japan Consumer Discretionary company (Motor Vehicles) with a market value of $660M, the 927th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,362 on 6 Nov 2026.
Performance Over six months the shares fell 6.1%, against -17.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue fell 0.4% over the last twelve months (peer median -3.8%); the operating margin is 11.8% (peer median 2.3%).
Valuation It trades at 10.0× forward earnings against a peer median of 12.6× (cheapest of 10).
Price implies For today's price to make sense, revenue must grow about -13% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -20 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 6.4 points above its cost of capital (5.0% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥116B | ¥117B | ¥112B | ¥95.2B | ¥81.3B |
| Revenue growth | — | +4% | +17% | +17% | — |
| Gross profit | ¥33.0B | ¥34.0B | ¥30.5B | ¥25.1B | ¥19.3B |
| EBITDA | ¥16.4B | ¥18.5B | ¥16.7B | ¥12.2B | ¥7.42B |
| Net income | ¥8.63B | ¥9.46B | ¥9.47B | ¥6.01B | ¥4.00B |
| Free cash flow | ¥1.58B | ¥3.69B | ¥9.54B | ¥8.24B | -¥131M |
| Capital expenditure | ¥1.64B | ¥1.51B | ¥2.28B | ¥3.32B | ¥2.65B |
| Total debt | ¥1.10B | ¥1.57B | ¥495M | ¥2.02B | ¥505M |
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.
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 | 6455.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.3% | -6.0% | 5th highest of 20 |
| 6-month return | -6.1% | -17.4% | 8th highest of 20 |
| Distance from 52-week high | -21.2% | -40.9% | highest of 20 |
| Revenue growth (TTM) | -0.4% | -3.8% | 9th highest of 19 |
| Operating margin | 11.8% | 2.3% | highest of 19 |
| Forward P/E | 10.0× | 12.6× | cheapest of 10 |
| Growth the price implies (Req g, 7 yrs) | -13.0% | 4.1% | 2nd least demanding of 11 |
| Growth delivered (Del g) | +6.6% | +6.0% | 6th highest of 11 |
| Hurdle (Req g minus delivered) | -19.6 pp | -2.8 pp | 2nd least demanding of 11 |
| ROIC minus cost of capital | +6.4 pp | -3.5 pp | 3rd highest of 18 |
| EV / EBITDA | 5.0× | 8.8× | 3rd cheapest of 9 |
| Net debt / EBITDA | -1.5× | 0.5× | 2nd least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Morita 6455.T | Japan | $660M | -6% | 0% | 12% | 10.0× | -13.0% | +6.6% |
| BAIC Motor 1958.HK | Hong Kong | $629M | -55% | -20% | 2% | n/a | n/a | n/a |
| Voyah Automotive Technology 7489.HK | Hong Kong | $704M | -75% | n/a | n/a | 16.2× | n/a | n/a |
| Shanghai Phoenix Enterprise (Group)Co 600679.SS | China | $617M | -6% | +1% | 3% | n/a | 10.0% | +9.4% |
| Luyuan Group Holding (Cayman) 2451.HK | Hong Kong | $722M | +24% | -3% | 1% | 26.3× | n/a | n/a |
| Jilin Liyuan Precision Manufacturing 002501.SZ | China | $591M | -25% | -9% | -55% | n/a | n/a | n/a |
| Nissan Shatai 7222.T | Japan | $747M | -4% | +15% | 4% | n/a | n/a | n/a |
| Dometic DOM.ST | Sweden | $755M | -29% | -6% | -13% | 11.4× | 3.4% | +5.4% |
| Merida Industry 9914.TW | Taiwan | $573M | +9% | -16% | 6% | 11.5× | -4.9% | -0.3% |
| Hirata 6258.T | Japan | $564M | -14% | +9% | 11% | 11.0× | 4.1% | +7.8% |
| Polestar Automotive Holding UK PLC Sponsored ADR PSNY | United States | $778M | -79% | +18% | -47% | n/a | n/a | n/a |
| Jiangsu Yueda Investment 600805.SS | China | $559M | -17% | -4% | 0% | n/a | n/a | n/a |
| IAT Automobile Technology 300825.SZ | China | $786M | +9% | +7% | -8% | 538.0× | n/a | n/a |
| Hanma Technology 600375.SS | China | $786M | -39% | +38% | 0% | n/a | 11.1% | +0.5% |
| Haima Automobile 000572.SZ | China | $792M | -43% | -48% | -27% | n/a | n/a | n/a |
| Kuen Tong Technology 7965.TWO | Taiwan | $796M | n/a | n/a | n/a | n/a | n/a | n/a |
| SML Mahindra SMLMAH.NS | India | $806M | +35% | +22% | 7% | n/a | 23.6% | +36.9% |
| Miller Industries MLR | United States | $526M | -4% | -21% | 3% | 16.4× | 4.0% | +3.9% |
| WINBO-Dongjian Automotive Technology 300978.SZ | China | $522M | -24% | -8% | 11% | n/a | 2.2% | +6.7% |
| Zhongtong Bus 000957.SZ | China | $857M | -18% | +6% | 6% | 11.6× | -16.1% | +10.7% |
| Yulon Motor 2201.TW | Taiwan | $860M | -1% | -8% | 8% | 12.6× | 14.9% | -2.6% |