Loading…
Maker of precision cooling fans, servo motors and uninterruptible power supplies for data centers and factory automation.
Maker of precision cooling fans, servo motors and uninterruptible power supplies for data centers and factory automation.
Its San Ace fans are designed into server, telecom and industrial equipment, so sales to a customer follow that equipment's production, while servo motors and drives follow factory-automation investment. Backup power systems add a third line. Orders are cyclical, rising and falling with capital spending.
In one line: A smaller, fan-and-servo-focused Vertiv.
Moat: narrow (brand, installed base, process know-how). San Ace fan brand is a data-center standard with deep OEM design-in relationships.
Headquarters: Tokyo, Japan · Founded: 1927 · Employees: 3,599
Size Sanyo Denki (6516.T) is a Japan Industrials company (Electrical Products) with a market value of $1.01B, the 734th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,200 on 6 Nov 2026.
Performance Over six months the shares fell 39.3%, against -25.5% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th lowest of 20 in its peer set.
Growth Revenue grew 20.1% over the last twelve months (peer median +13.6%); the operating margin is 12.1% (peer median 4.6%).
Valuation It trades at 11.4× forward earnings against a peer median of 24.6× (3rd cheapest of 14).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +2 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 2.5 points below its cost of capital (11.3% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥123B | ¥107B | ¥97.8B | ¥113B | ¥121B |
| Revenue growth | — | +10% | -13% | -7% | — |
| Gross profit | ¥35.4B | ¥29.8B | ¥24.8B | ¥28.7B | ¥31.1B |
| EBITDA | ¥20.1B | ¥16.1B | ¥13.3B | ¥16.8B | ¥19.3B |
| Net income | ¥11.5B | ¥8.66B | ¥5.64B | ¥10.5B | ¥11.4B |
| Free cash flow | ¥4.17B | ¥9.36B | ¥13.1B | ¥15.7B | ¥5.08B |
| Capital expenditure | ¥3.29B | ¥2.86B | ¥3.80B | ¥6.76B | ¥4.03B |
| Total debt | ¥6.78B | ¥5.99B | ¥7.28B | ¥14.5B | ¥20.2B |
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 |
|---|---|---|---|---|---|---|
| Sanyo Denki 6516.T | $1.01B | -39% | +20% | 12% | 11.4× | 9.0% |
| Nidec 6594.T | $11.7B | -33% | +4% | -22% | 11.5× | 8.4% |
| Delta Electronic 2308.TW | $82.9B | -51% | +38% | 17% | 19.0× | 18.5% |
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 | 6516.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -27.5% | -7.1% | 3rd lowest of 21 |
| 6-month return | -39.3% | -25.5% | 5th lowest of 20 |
| Distance from 52-week high | -46.7% | -49.0% | 10th highest of 21 |
| Revenue growth (TTM) | +20.1% | +13.6% | 8th highest of 21 |
| Operating margin | 12.1% | 4.6% | 5th highest of 21 |
| Forward P/E | 11.4× | 24.6× | 3rd cheapest of 14 |
| Growth the price implies (Req g, 7 yrs) | 9.0% | 17.7% | 3rd least demanding of 12 |
| Growth delivered (Del g) | +6.7% | +8.7% | 4th lowest of 12 |
| Hurdle (Req g minus delivered) | +2.2 pp | +9.9 pp | 3rd least demanding of 12 |
| ROIC minus cost of capital | -2.5 pp | -1.8 pp | 10th lowest of 21 |
| EV / EBITDA | 7.0× | 16.7× | cheapest of 6 |
| Net debt / EBITDA | -0.9× | 0.8× | 2nd least indebted of 6 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sanyo Denki 6516.T | Japan | $1.01B | -39% | +20% | 12% | 11.4× | 9.0% | +6.7% |
| Topsec Technologies 002212.SZ | China | $1.01B | -18% | -9% | -14% | 99.8× | n/a | n/a |
| Leedarson IoT Technology 605365.SS | China | $1.01B | -55% | -2% | 4% | 15.4× | n/a | n/a |
| Shenzhen Senior Technology Material 6067.HK | Hong Kong | $1.02B | n/a | +53% | 10% | 10.2× | n/a | n/a |
| discoverIE DSCV.L | United Kingdom | $997M | +17% | +5% | 10% | 17.1× | 21.4% | +7.9% |
| Guangdong Shunna Electric 000533.SZ | China | $996M | -24% | +25% | 6% | n/a | 16.8% | +8.7% |
| Elecon Engineering ELECON.NS | India | $995M | -26% | +5% | 17% | 24.6× | 31.3% | +17.8% |
| Guangzhou Zhiguang Electric 002169.SZ | China | $1.02B | -34% | +28% | 1% | n/a | n/a | n/a |
| Zhejiang Yankon 600261.SS | China | $1.03B | +52% | -2% | 4% | n/a | 10.2% | -11.1% |
| Ficont Industry(Beijing) 605305.SS | China | $989M | -35% | +15% | 26% | 10.6× | -1.1% | +22.5% |
| Hunan Valin Wire & Cable 001208.SZ | China | $1.04B | -36% | +20% | 2% | 25.5× | 32.0% | +21.6% |
| Voltamp Transformers VOLTAMP.NS | India | $1.04B | +1% | +18% | 15% | 28.6× | 35.4% | +25.5% |
| Mersen MRN.PA | France | $976M | -1% | -3% | 9% | 13.1× | 11.0% | +7.0% |
| Transformers and Rectifiers (India) TARIL.NS | India | $974M | -7% | +27% | 15% | 26.3× | n/a | n/a |
| Fluence Energy FLNC | United States | $973M | -78% | +7% | -4% | n/a | n/a | n/a |
| Shenzhen Uniconn Technology 301631.SZ | China | $969M | -34% | +32% | 5% | 17.1× | 18.2% | +49.0% |
| Guangdong Xinyaguang Cable 001382.SZ | China | $968M | -21% | +12% | 4% | n/a | n/a | n/a |
| CSG Smart Science&Technology 300222.SZ | China | $966M | -27% | +26% | 2% | 30.5× | n/a | n/a |
| Jiangsu Zhongchao 002471.SZ | China | $963M | -45% | -5% | 1% | n/a | n/a | n/a |
| Jolywood (Suzhou) Sunwatt 300393.SZ | China | $958M | -42% | -48% | -62% | 30.8× | 5.1% | -2.7% |
| Motic (Xiamen) Electric 300341.SZ | China | $957M | -20% | +19% | 12% | n/a | 17.7% | +5.1% |