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Osaka maker of mechanical seals, gland packings and fluororesin fluid-control parts for industry, power and chip plants.
Osaka maker of mechanical seals, gland packings and fluororesin fluid-control parts for industry, power and chip plants.
Sells sealing parts that stop liquids and gases leaking from pumps and pipes, which wear out and are replaced, giving steady repeat demand from power, petrochemical and oil-and-gas plants. A second line makes fluororesin (a chemical-resistant plastic) valves, pumps and fittings used in chip-making equipment, whose demand follows chip factory building.
Moat: narrow (process know-how, brand). Long-established sealing brand and fluororesin processing know-how; chemical-resistant parts qualified in plants and fabs.
Headquarters: Osaka, Japan · Employees: 1,308
Size PILLAR (6490.T) is a Japan Industrials company (Miscellaneous Manufacturing) with a market value of $1.25B, the 640th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥8,330 on 6 Nov 2026.
Performance Over six months the shares fell 8.7%, against -16.7% for the median peer and +1.8% for the Japan market (cap-weighted) — 9th highest of 21 in its peer set.
Growth Revenue grew 10.1% over the last twelve months (peer median +4.3%); the operating margin is 22.4% (peer median 9.7%).
Valuation It trades at 11.5× forward earnings against a peer median of 16.0× (3rd cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is +15%, so the hurdle is +3 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 0.9 points below its cost of capital (14.5% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥64.3B | ¥59.5B | ¥58.0B | ¥58.6B | ¥48.7B |
| Revenue growth | — | +3% | -1% | +20% | — |
| Gross profit | ¥27.3B | ¥24.4B | ¥22.5B | ¥24.2B | ¥21.3B |
| EBITDA | ¥18.3B | ¥16.0B | ¥15.1B | ¥17.3B | ¥15.8B |
| Net income | ¥10.6B | ¥8.94B | ¥8.30B | ¥10.8B | ¥10.4B |
| Free cash flow | n/a | ¥8.17B | ¥7.15B | -¥5.83B | ¥3.58B |
| Capital expenditure | n/a | ¥6.96B | ¥7.04B | ¥11.5B | ¥2.48B |
| Total debt | ¥11.4B | ¥12.1B | ¥12.3B | ¥12.7B | ¥1.88B |
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 |
|---|---|---|---|---|---|---|
| PILLAR 6490.T | $1.25B | -9% | +10% | 22% | 11.5× | 18.0% |
| Valqua 7995.T | $611M | -6% | +15% | 15% | 10.2× | 11.3% |
| NOK 7240.T | n/a | +1% | n/a | n/a | n/a | n/a |
| Flowserve FLS | $10.2B | +13% | 0% | 14% | 17.8× | 15.0% |
| Entegris ENTG | $19.6B | -14% | +9% | 19% | 23.7× | 26.3% |
| Smiths SMIN.L | $9.45B | +5% | -34% | 16% | 22.6× | 15.2% |
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 | 6490.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -32.8% | -8.1% | 2nd lowest of 21 |
| 6-month return | -8.7% | -16.7% | 9th highest of 21 |
| Distance from 52-week high | -36.2% | -37.1% | 10th highest of 21 |
| Revenue growth (TTM) | +10.1% | +4.3% | 7th highest of 21 |
| Operating margin | 22.4% | 9.7% | 3rd highest of 21 |
| Forward P/E | 11.5× | 16.0× | 3rd cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 18.0% | 6.0% | 3rd most demanding of 15 |
| Growth delivered (Del g) | +14.5% | +4.0% | 3rd highest of 15 |
| Hurdle (Req g minus delivered) | +3.5 pp | -0.1 pp | 7th most demanding of 15 |
| ROIC minus cost of capital | -0.9 pp | -0.1 pp | 10th lowest of 21 |
| EV / EBITDA | 10.2× | 7.5× | most expensive of 8 |
| Net debt / EBITDA | -0.6× | 1.8× | 3rd least indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| PILLAR 6490.T | Japan | $1.25B | -9% | +10% | 22% | 11.5× | 18.0% | +14.5% |
| Takuma 6013.T | Japan | $1.26B | -1% | +18% | 10% | 13.6× | -5.4% | +2.5% |
| China Lesso 2128.HK | Hong Kong | $1.20B | -42% | -5% | 13% | 5.7× | -4.5% | -3.5% |
| Suzhou Victory Precision Manufacture 002426.SZ | China | $1.17B | -41% | +7% | -20% | n/a | 30.8% | -18.0% |
| Shanghai PRET Composites 002324.SZ | China | $1.36B | -44% | +27% | 1% | 45.7× | n/a | n/a |
| Cangzhou Mingzhu Plastic 002108.SZ | China | $1.10B | -28% | +14% | 5% | n/a | n/a | n/a |
| Xiamen Voke Mold & Plastic Engineering 301196.SZ | China | $1.48B | -34% | +34% | 12% | 32.6× | 19.6% | +19.4% |
| Vesuvius VSVS.L | United Kingdom | $1.49B | +2% | +2% | 7% | 14.7× | 8.2% | +4.4% |
| Jinfu Technology 003018.SZ | China | $1.51B | -30% | +85% | 26% | 39.3× | 18.0% | +8.2% |
| INDUS INH.DE | Germany | $1.03B | +11% | +8% | 13% | 7.0× | -6.8% | +2.2% |
| Shanghai Hajime Advanced Material Technology 301000.SZ | China | $986M | -1% | +4% | 16% | 40.9× | n/a | n/a |
| Shanghai Yanpu Precision Technology (Group) 605128.SS | China | $978M | -9% | +3% | 9% | 27.1× | 15.4% | +25.0% |
| FP Corporation 7947.T | Japan | $1.61B | +35% | +4% | 9% | 15.5× | -1.0% | +5.1% |
| Finolex Industries FINPIPE.NS | India | $932M | -20% | +3% | 14% | 16.4× | 13.0% | +3.5% |
| Jiangsu Changhai Composite Materials 300196.SZ | China | $897M | -25% | +3% | 11% | 17.9× | 3.8% | +9.0% |
| Genuit GEN.L | United Kingdom | $897M | +8% | +4% | 12% | 12.1× | 12.4% | +8.6% |
| Shenzhen Jame Technology 300868.SZ | China | $878M | -36% | +8% | -7% | n/a | n/a | n/a |
| Blue Sail Medical 002382.SZ | China | $861M | -24% | +23% | 7% | 11.8× | -6.5% | -6.1% |
| Riverstone AP4.SI | Singapore | $824M | -13% | -4% | 25% | 15.5× | 2.1% | -12.8% |
| Zhejiang Goldensea Hi-Tech 603311.SS | China | $823M | +28% | +3% | 7% | 59.6× | n/a | n/a |
| Zhejiang Kaier New Materials 300234.SZ | China | $816M | +73% | -17% | -9% | n/a | n/a | n/a |