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Makes power semiconductors, power electronics for grids/factories, and beverage/food vending machines.
Makes power semiconductors, power electronics for grids/factories, and beverage/food vending machines.
Founded in 1923 as a joint venture between Furukawa Electric and Siemens. Its power semiconductors and industrial power equipment are sold to makers of cars, factory machinery and energy systems, while vending machines are a Japan-centered business selling to drink companies and operators.
In one line: A niche mix of Infineon (power chips) and a vending-machine maker.
Moat: narrow (process know-how, installed base). Established power-semiconductor know-how and a near-domestic-monopoly vending-machine business, but global power-semi rivals are larger.
Headquarters: Tokyo, Japan · Founded: 1923 · Employees: 26,955
Size Fuji Electric (6504.T) is a Japan Industrials company (Electrical Products) with a market value of $9.68B, the 142nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥10,685 on 6 Nov 2026.
Performance Over six months the shares fell 18.3%, against -21.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 9th highest of 20 in its peer set.
Growth Revenue grew 9.3% over the last twelve months (peer median +12.6%); the operating margin is 11.9% (peer median 13.2%).
Valuation It trades at 13.1× forward earnings against a peer median of 17.4× (4th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +4 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 1.9 points below its cost of capital (13.9% WACC).
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥1.28T | ¥1.23T | ¥1.12T | ¥1.10T | ¥1.01T |
| Revenue growth | — | +9% | +2% | +9% | — |
| Gross profit | ¥368B | ¥350B | ¥323B | ¥308B | ¥282B |
| EBITDA | ¥214B | ¥198B | ¥175B | ¥158B | ¥135B |
| Net income | ¥114B | ¥98.0B | ¥92.2B | ¥75.4B | ¥61.3B |
| Free cash flow | ¥116B | ¥53.0B | ¥68.2B | ¥17.9B | ¥55.1B |
| Capital expenditure | ¥68.2B | ¥84.0B | ¥86.8B | ¥67.0B | ¥61.1B |
| Total debt | ¥57.3B | ¥84.5B | ¥101B | ¥160B | ¥181B |
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 |
|---|---|---|---|---|---|---|
| Fuji Electric 6504.T | $9.68B | -18% | +9% | 12% | 13.1× | 11.3% |
| Infineon Technologies IFX.DE | $66.8B | -33% | +6% | 13% | 26.0× | 30.2% |
| Mitsubishi Electric 6503.T | $59.9B | -28% | +12% | 10% | 17.1× | 13.2% |
| ON Semiconductor ON | $24.6B | -39% | +3% | 19% | 14.3× | 20.0% |
| Hitachi 6501.T | $130B | -7% | +14% | 12% | 20.9× | 9.5% |
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 | 6504.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -30.6% | -8.1% | 5th lowest of 21 |
| 6-month return | -18.3% | -21.4% | 9th highest of 20 |
| Distance from 52-week high | -40.0% | -42.4% | 10th highest of 21 |
| Revenue growth (TTM) | +9.3% | +12.6% | 8th lowest of 20 |
| Operating margin | 11.9% | 13.2% | 9th lowest of 21 |
| Forward P/E | 13.1× | 17.4× | 4th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 11.3% | 6.5% | 7th most demanding of 16 |
| Growth delivered (Del g) | +7.0% | +13.7% | 4th lowest of 15 |
| Hurdle (Req g minus delivered) | +4.3 pp | -3.9 pp | 4th most demanding of 15 |
| ROIC minus cost of capital | -1.9 pp | +14.0 pp | 4th lowest of 20 |
| EV / EBITDA | 7.2× | 13.6× | cheapest of 12 |
| Net debt / EBITDA | -0.1× | 0.1× | 6th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Fuji Electric 6504.T | Japan | $9.68B | -18% | +9% | 12% | 13.1× | 11.3% | +7.0% |
| Hd Hyundai Electric 267260.KS | South Korea | $9.71B | -71% | +21% | 25% | 15.0× | 0.7% | +17.6% |
| Acuity AYI | United States | $9.59B | +10% | +7% | 16% | 15.1× | 6.6% | +6.0% |
| Smiths SMIN.L | United Kingdom | $9.45B | +5% | -34% | 16% | 22.6× | 15.2% | -4.2% |
| China Shipbuilding Industry Group Power 600482.SS | China | $10.3B | -21% | +13% | 7% | 23.4× | -19.6% | +16.5% |
| Innio INIO | United States | $10.3B | n/a | +22% | 13% | 17.5× | 6.5% | +22.1% |
| Goneo Group Co., Ltd.Class A 603195.SS | China | $10.4B | -15% | -2% | 25% | 17.4× | -2.1% | +9.8% |
| Generac GNRC | United States | $10.4B | -34% | +6% | 13% | 14.6× | 20.1% | +11.1% |
| Siemens Energy India ENRIN.NS | India | $10.6B | -11% | n/a | 20% | 60.1× | 27.3% | n/a |
| Anker Innovations Technology 300866.SZ | China | $8.83B | -11% | +22% | 11% | 19.5× | 5.8% | +26.7% |
| Furukawa Electric 5801.T | Japan | $8.75B | -54% | +13% | 6% | 11.9× | n/a | n/a |
| Hyosung Heavy 298040.KS | South Korea | $10.8B | -60% | +13% | 13% | 18.9× | 13.5% | +14.9% |
| GE Vernova T&D India GVT&D.NS | India | $10.9B | -16% | +41% | 26% | 62.7× | 45.7% | +12.4% |
| Goldwind Science & Technology 002202.SZ | China | $8.58B | -45% | +11% | 6% | 16.6× | n/a | n/a |
| SUPCON Technology 688777.SS | China | $8.58B | -9% | -6% | -3% | 116.4× | n/a | n/a |
| China XD Electric 601179.SS | China | $8.51B | -35% | +7% | 8% | 36.0× | n/a | n/a |
| Regal Rexnord RRX | United States | $11.3B | -21% | +5% | 12% | 14.0× | 14.0% | +15.3% |
| Sigenergy Technology 6656.HK | Hong Kong | $8.31B | -51% | +577% | 36% | 11.0× | n/a | n/a |
| Nordex NDX1.DE | Germany | $11.4B | -7% | +12% | 8% | 19.6× | 3.7% | +10.2% |
| Jiangsu Zhongtian Technology 600522.SS | China | $11.7B | -30% | +22% | 8% | 11.6× | 4.1% | +4.5% |
| Bizlink 3665.TW | Taiwan | $8.00B | -54% | +33% | 17% | 14.2× | 5.3% | +25.9% |