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Japanese maker of industrial valves used in water, energy, chemical and building-services piping systems.
Japanese maker of industrial valves used in water, energy, chemical and building-services piping systems.
Sells valves through trading firms and distributors, with replacement and repair demand from installed pipework steadier than the new-plant orders that drive large steel valves. Bronze and brass valves for building services sell in large numbers, while steel valves for chemical, energy and power plants are higher-value and project-driven.
In one line: Japan's Crane Co. for valves.
Moat: narrow (brand, distribution, installed base). Long-standing brand and distribution in Japan's valve market; less differentiated abroad.
Headquarters: Chiba, Japan · Founded: 1951 · Employees: 5,469
Size Kitz (6498.T) is a Japan Industrials company (Industrial Machinery) with a market value of $915M, the 771st largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,662 on 6 Nov 2026.
Performance Over six months the shares fell 20.6%, against -17.7% for the median peer and +1.8% for the Japan market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue grew 8.0% over the last twelve months (peer median +7.2%); the operating margin is 8.3% (peer median 6.3%).
Valuation It trades at 10.1× forward earnings against a peer median of 16.3× (3rd cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +9%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.6 points below its cost of capital (8.0% WACC).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥189B | ¥177B | ¥172B | ¥167B | ¥160B |
| Revenue growth | — | +3% | +3% | +4% | — |
| Gross profit | ¥48.8B | ¥45.8B | ¥43.9B | ¥42.4B | ¥37.9B |
| EBITDA | ¥23.2B | ¥22.6B | ¥21.3B | ¥21.1B | ¥18.0B |
| Net income | ¥12.0B | ¥11.5B | ¥11.8B | ¥10.6B | ¥8.55B |
| Free cash flow | ¥4.64B | ¥3.24B | ¥9.15B | ¥7.66B | ¥1.52B |
| Capital expenditure | ¥10.0B | ¥11.3B | ¥10.1B | ¥8.89B | ¥7.41B |
| Total debt | ¥52.4B | ¥37.0B | ¥36.1B | ¥37.9B | ¥38.4B |
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 |
|---|---|---|---|---|---|---|
| Kitz 6498.T | $915M | -21% | +8% | 8% | 10.1× | 4.3% |
| Crane CR | $11.6B | +11% | +22% | 18% | 25.8× | 17.5% |
| Flowserve FLS | $10.2B | +13% | 0% | 14% | 17.8× | 15.0% |
| Ebara 6361.T | $9.28B | -40% | +9% | 11% | 14.5× | 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 | 6498.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -22.2% | -4.4% | 2nd lowest of 21 |
| 6-month return | -20.6% | -17.7% | 9th lowest of 20 |
| Distance from 52-week high | -39.1% | -36.8% | 10th lowest of 21 |
| Revenue growth (TTM) | +8.0% | +7.2% | 10th highest of 21 |
| Operating margin | 8.3% | 6.3% | 9th highest of 21 |
| Forward P/E | 10.1× | 16.3× | 3rd cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 4.3% | 5.3% | 5th least demanding of 12 |
| Growth delivered (Del g) | +9.5% | +14.8% | 2nd lowest of 12 |
| Hurdle (Req g minus delivered) | -5.2 pp | -13.7 pp | 6th most demanding of 12 |
| ROIC minus cost of capital | -0.6 pp | -2.8 pp | 8th highest of 21 |
| EV / EBITDA | 7.1× | 13.3× | 4th cheapest of 9 |
| Net debt / EBITDA | 0.8× | -0.1× | 3rd most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kitz 6498.T | Japan | $915M | -21% | +8% | 8% | 10.1× | 4.3% | +9.5% |
| Graham GHM | United States | $916M | -21% | +21% | 7% | 44.8× | n/a | n/a |
| Tianjin Motor Dies 002510.SZ | China | $918M | -10% | +5% | -1% | n/a | 33.8% | +12.2% |
| Qingdao Gaoce Technology 688556.SS | China | $922M | -45% | +5% | -17% | n/a | 8.8% | +37.4% |
| Dynamatic Technologies DYNAMATECH.NS | India | $922M | +3% | +17% | 7% | 88.0× | n/a | n/a |
| Mesnac 002073.SZ | China | $923M | -11% | +18% | 4% | 14.7× | -3.2% | +21.6% |
| Banco Products (India) BANCOINDIA.NS | India | $905M | -7% | +22% | 14% | n/a | 24.8% | +20.6% |
| Galilei 6420.T | Japan | $925M | -3% | +4% | 13% | 10.7× | n/a | n/a |
| Sinoseal 300470.SZ | China | $903M | -18% | +1% | 20% | 14.9× | -0.7% | +13.9% |
| Trican Well Service TCW.TO | Canada | $899M | -10% | +15% | 14% | 9.3× | -11.5% | +22.5% |
| Shanghai SK Automation Technology 688155.SS | China | $936M | -53% | +56% | 15% | 17.6× | 5.3% | +43.3% |
| Unimech Aerospace & Manufacturing UNIMECH.NS | India | $937M | +63% | +40% | 27% | 61.6× | n/a | n/a |
| Shenzhen Dobot 2432.HK | Hong Kong | $937M | -50% | +67% | -33% | n/a | n/a | n/a |
| Shanghai Seer Intelligent Technology 6106.HK | Hong Kong | $940M | n/a | +30% | -12% | n/a | n/a | n/a |
| Jiangyin Hengrun Heavy Industries 603985.SS | China | $942M | -45% | -20% | 9% | n/a | n/a | n/a |
| KraussMaffei 600579.SS | China | $888M | -15% | -22% | 0% | n/a | n/a | n/a |
| Zhejiang Jinggong Integration Technology 002006.SZ | China | $946M | -31% | -12% | 5% | 21.6× | 28.8% | +9.6% |
| SUSS MicroTec SMHN.DE | Germany | $948M | -53% | -15% | 9% | 35.8× | 24.2% | +14.8% |
| Jin Tong Ling Technology 300091.SZ | China | $882M | -36% | -40% | -72% | n/a | n/a | n/a |
| Manitou BF MTU.PA | France | $882M | -6% | +8% | 6% | 8.6× | -3.6% | +10.1% |
| Suzhou Chunqiu Electronic Technology 603890.SS | China | $880M | -38% | +7% | 6% | 13.0× | 5.2% | +4.2% |