Loading…
World-leading maker of cash-handling machines — ATMs, banknote/coin counters and vending change units.
World-leading maker of cash-handling machines — ATMs, banknote/coin counters and vending change units.
Sells cash-handling machines and then earns again from service contracts and software, since banks and shops keep their machines for years and rely on Glory to maintain them. A large part of sales now comes from outside Japan, built up partly by buying cash-handling businesses abroad.
In one line: Japan's Diebold Nixdorf, cash-handling focused.
Moat: narrow (IP / patents, customer qualification, installed base). Currency-recognition IP and deep bank/retail installed base built over decades.
Headquarters: Himeji, Japan · Founded: 1918 · Employees: 11,266
Size Glory (6457.T) is a Japan Information Technology company (Electronic Equipment/Instruments) with a market value of $1.53B, the 568th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,661 on 6 Nov 2026.
Performance Over six months the shares gained 16.4%, against -16.5% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue fell 7.9% over the last twelve months (peer median +5.8%); the operating margin is 8.9% (peer median 6.8%).
Valuation It trades at 12.2× forward earnings against a peer median of 24.0× (cheapest of 16).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -17 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.6 points above its cost of capital (5.4% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | ¥340B | ¥369B | ¥372B | ¥256B |
| Revenue growth | — | -8% | -1% | +46% | — |
| Gross profit | n/a | ¥141B | ¥152B | ¥146B | ¥76.2B |
| EBITDA | n/a | ¥50.7B | ¥63.3B | ¥72.2B | ¥19.0B |
| Net income | n/a | ¥15.4B | ¥24.5B | ¥29.6B | -¥9.54B |
| Free cash flow | n/a | ¥38.5B | ¥48.1B | ¥34.8B | -¥21.7B |
| Capital expenditure | n/a | ¥8.35B | ¥9.54B | ¥8.25B | ¥6.93B |
| Total debt | ¥102B | ¥94.0B | ¥97.4B | ¥100B | ¥86.7B |
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 |
|---|---|---|---|---|---|---|
| Glory 6457.T | $1.53B | +16% | -8% | 9% | 12.2× | -8.1% |
| Diebold Nixdorf DBD | $1.96B | -25% | +6% | 9% | 10.5× | -2.0% |
| GRG Banking Equipment 002152.SZ | $3.26B | -25% | 0% | 9% | 23.0× | 4.0% |
| Fuji Electric 6504.T | $9.68B | -18% | +9% | 12% | 13.1× | 11.3% |
| NCR Voyix VYX | $1.35B | +17% | -5% | 7% | 9.9× | 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 | 6457.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.3% | -6.9% | 6th highest of 21 |
| 6-month return | +16.4% | -16.5% | 2nd highest of 20 |
| Distance from 52-week high | -11.2% | -44.2% | highest of 21 |
| Revenue growth (TTM) | -7.9% | +5.8% | 4th lowest of 21 |
| Operating margin | 8.9% | 6.8% | 8th highest of 21 |
| Forward P/E | 12.2× | 24.0× | cheapest of 16 |
| Growth the price implies (Req g, 7 yrs) | -8.1% | 18.8% | least demanding of 12 |
| Growth delivered (Del g) | +9.3% | +9.9% | 6th lowest of 12 |
| Hurdle (Req g minus delivered) | -17.4 pp | +1.1 pp | 3rd least demanding of 12 |
| ROIC minus cost of capital | +2.6 pp | -2.8 pp | 8th highest of 21 |
| EV / EBITDA | 5.6× | 27.9× | cheapest of 5 |
| Net debt / EBITDA | 0.9× | -1.3× | most indebted of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Glory 6457.T | Japan | $1.53B | +16% | -8% | 9% | 12.2× | -8.1% | +9.3% |
| TAIFLEX Scientific 8039.TW | Taiwan | $1.51B | +36% | +3% | 6% | n/a | 28.3% | +3.9% |
| Hangzhou Kelin Electric 688611.SS | China | $1.51B | +4% | -58% | -32% | 48.1× | n/a | n/a |
| Amano 6436.T | Japan | $1.50B | -4% | +1% | 11% | 13.7× | -7.6% | +9.2% |
| Zhejiang Dali Technology 002214.SZ | China | $1.45B | -15% | +1% | -68% | n/a | n/a | n/a |
| Hexing Electrical 603556.SS | China | $1.61B | -23% | +6% | 9% | 14.2× | 0.1% | +11.3% |
| Kinco Automation Shanghai 688160.SS | China | $1.45B | -2% | +46% | 9% | 90.3× | n/a | n/a |
| Chongqing Chuanyi Automation 603100.SS | China | $1.44B | -4% | +3% | 7% | 14.5× | 2.6% | +9.9% |
| Gl Tech 300480.SZ | China | $1.44B | -28% | +43% | 13% | 57.6× | n/a | n/a |
| Shenzhen VMAX New Energy (Group) 688612.SS | China | $1.63B | -21% | -6% | 9% | 17.5× | 18.8% | +57.4% |
| Shanghai Liangxin Electrical Co 002706.SZ | China | $1.42B | -26% | +6% | 3% | 30.5× | n/a | n/a |
| Zhejiang HangKe Technology 688006.SS | China | $1.64B | -43% | +12% | 3% | 24.0× | 16.0% | +14.9% |
| Suzhou TZTEK Technology 688003.SS | China | $1.67B | -19% | +33% | 5% | 64.3× | 42.0% | +13.2% |
| Guangdong High Dream Intellectualized Machinery 300720.SZ | China | $1.38B | -25% | +8% | 6% | n/a | n/a | n/a |
| Jiangsu Linyang Energy 601222.SS | China | $1.74B | -6% | +35% | 8% | 15.4× | n/a | n/a |
| Suzhou Hengmingda Electronic Technology 002947.SZ | China | $1.78B | -43% | +13% | 18% | 15.6× | 9.4% | +34.8% |
| Oxford Instruments OXIG.L | United Kingdom | $1.79B | -16% | -15% | 15% | 21.9× | 20.1% | +5.8% |
| Hanwei Electronics 300007.SZ | China | $1.79B | -15% | -3% | 2% | 65.2× | 40.9% | +4.6% |
| Shandong Chunguang Technology 301531.SZ | China | $1.29B | n/a | +7% | 12% | n/a | 58.9% | +4.4% |
| Beijing Aerospace Shenzhou Intelligent Equipment Technology 300455.SZ | China | $1.81B | -36% | -29% | -4% | n/a | n/a | n/a |
| Shenzhen Topband 002139.SZ | China | $1.81B | -8% | +9% | 3% | 37.7× | n/a | n/a |