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← CockpitCompetitor Analysis › 6638.T Mimaki Engineering Co., Ltd.Open in the cockpit ↗

Mimaki Engineering Co., Ltd.6638.TCompetitor analysis, valuation and peers

Japan · JPY·Industrials›Industrial Machinery
Momentum neutral 50
Mkt cap
$351M
US dollars, full cap
Free float
46%
of shares outstanding
$/day
$2.71M
20-day average traded
Fwd P/E
7.2×
forward earnings
ROIC−WACC
+5.5 pp
WACC 8.4%
Hurdle
-14 pp
Req g minus delivered
Next earnings
5 days
11 Nov 2026
Close · JPY¥1,875
1D-7.5%
1W-16.6%
1M-17.2%
3M-12.6%
6M+25.4%
YTD+14.5%
1Y+10.6%
ATR %5.5%
52w lowhigh23.4% off high

What Mimaki Engineering does

Employees: 2,152

Mimaki Engineering at a glance

Size Mimaki Engineering (6638.T) is a Japan Industrials company (Industrial Machinery) with a market value of $351M, the 1259th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,875 on 6 Nov 2026.

Performance Over six months the shares gained 25.4%, against -17.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 3rd highest of 20 in its peer set.

Growth Revenue grew 0.9% over the last twelve months (peer median +6.5%); the operating margin is 11.7% (peer median 6.2%).

Valuation It trades at 7.2× forward earnings against a peer median of 28.5× (cheapest of 9).

Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -14 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 5.5 points above its cost of capital (8.4% WACC).

Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).

Relative performance

7510012515011 May 202611 Aug 20266 Nov 20266638.T 125Peer median 83
Six months, rebased to 100: Mimaki Engineering against the median of its 20 peers (local-currency closes).

Mimaki Engineering financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥84.4B¥83.7B¥84.0B¥75.6B¥70.6B
Revenue growth—0%+11%+7%—
Gross profit¥42.2B¥42.8B¥41.1B¥34.7B¥28.4B
EBITDA¥12.2B¥11.7B¥11.2B¥7.45B¥6.10B
Net income¥7.04B¥6.74B¥6.16B¥3.71B¥2.81B
Free cash flown/a¥1.64B¥5.81B¥7.91B-¥1.72B
Capital expendituren/a¥3.40B¥2.29B¥2.09B¥2.55B
Total debt¥25.2B¥23.9B¥22.9B¥28.5B¥28.9B

Quarterly statements and history in the cockpit →

Mimaki Engineering competitor charts

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.

Performance: 6-month against 1-month return

-50%0%+50%+100%-20%0%+20%603617NOEJ603320632866673498002209PRINCEPIPE15698052633976695GD603076300097PITTIENGJASH6638.T6-month return →1-month return →
Up and to the right = strong over both horizons. Mimaki Engineering is the large dot.

Fundamentals: revenue growth against valuation

-20%0%+20%0×50×100×NOEJ63286667PRINCEPIPE1569603076PITTIENGJASH6638.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Mimaki Engineering is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%NOEJ603320632866676031073498002209PRINCEPIPE63395GD603076688255JASH6638.TGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Mimaki Engineering is the large dot.

Mimaki Engineering competitors and peer comparison

How Mimaki Engineering compares with its peers

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.

Mimaki Engineering against its 20 peers (data as of 6 Nov 2026)
Measure6638.TPeer medianRank in peer set
1-month return-17.2%-10.8%6th lowest of 21
6-month return+25.4%-17.6%3rd highest of 20
Distance from 52-week high-23.4%-28.3%7th highest of 21
Revenue growth (TTM)+0.9%+6.5%6th lowest of 21
Operating margin11.7%6.2%7th highest of 21
Forward P/E7.2×28.5×cheapest of 9
Growth the price implies (Req g, 7 yrs)-2.7%9.8%5th least demanding of 14
Growth delivered (Del g)+11.4%+13.0%7th lowest of 14
Hurdle (Req g minus delivered)-14.1 pp-5.7 pp4th least demanding of 14
ROIC minus cost of capital+5.5 pp-3.0 pp6th highest of 20
EV / EBITDA5.2×13.1×2nd cheapest of 15
Net debt / EBITDA0.6×-0.0×7th most indebted of 16

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Mimaki Engineering 6638.TJapan$351M+25%+1%12%7.2×-2.7%+11.4%
ReTech Environmental Solutions 7934.TWOTaiwan$350Mn/a+13%16%n/an/an/a
Junhe Pumps 603617.SSChina$352M-21%+9%5%n/an/an/a
NORMA NOEJ.DEGermany$353M-23%-21%-4%45.3×-8.6%-2.9%
Zhejiang Dibay Electric 603320.SSChina$348M-36%-2%7%n/a11.5%+6.3%
Ebara Jitsugyo 6328.TJapan$347M-8%+4%15%14.6×-3.3%+6.4%
Trusval Technology 6667.TWOTaiwan$346M-20%+27%11%10.9×2.1%+37.4%
Shanghai Automobile Air-Conditioner Accessories 603107.SSChina$357M-18%+3%6%n/a-4.6%+13.5%
USUN Technology 3498.TWOTaiwan$344M+91%+38%18%n/a13.7%-6.6%
Guangzhou Tech-Long Packaging Machinery 002209.SZChina$359M-22%+8%8%n/a1.0%+14.7%
Prince Pipes And Fittings PRINCEPIPE.NSIndia$359M+15%+5%5%22.8×22.6%+4.6%
Bin Chuan Enterprise 1569.TWOTaiwan$343M+25%-6%-15%56.1×n/an/a
Tsubakimoto Kogyo 8052.TJapan$359M+6%-1%5%n/an/an/a
Sintokogio,Ltd 6339.TJapan$342M+3%+5%2%n/a9.8%+16.4%
Suregiant Technology 7669.TWOTaiwan$342M-39%+150%51%n/an/an/a
Sunpower 5GD.SISingapore$360M+11%0%22%n/a-12.8%+17.8%
Ningbo Lehui International Engineering Equipment 603076.SSChina$341M-41%+22%2%117.8×34.4%+13.0%
Dalian Zhiyun Automation 300097.SZChina$341M-27%+33%-68%n/an/an/a
Hangzhou Kaierda Welding Robot 688255.SSChina$341M-30%+21%5%n/a28.0%+1.8%
Pitti Engineering PITTIENG.NSIndia$361M-9%+15%11%25.7×n/an/a
Jash Engineering JASH.NSIndia$362M+29%+1%12%31.3×28.8%+19.8%

Questions

Which companies are Mimaki Engineering's closest peers?
The cockpit's peer set: ReTech Environmental Solutions (7934.TWO), Junhe Pumps (603617.SS), NORMA (NOEJ.DE), Zhejiang Dibay Electric (603320.SS), Ebara Jitsugyo (6328.T), Trusval Technology (6667.TWO), Shanghai Automobile Air-Conditioner Accessories (603107.SS), USUN Technology (3498.TWO).
Is Mimaki Engineering expensive compared with its peers?
On forward p/e it trades at 7.2× against a peer median of 28.5×, cheapest of 9 in its peer set. For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -14 pp: the price already allows for a slowdown.
How has Mimaki Engineering stock performed?
Over six months to 6 Nov 2026 the shares returned +25.4% against -17.6% for the median peer; over one year +10.6%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.