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Battery maker producing automotive lead-acid batteries and lithium-ion batteries for EVs, aerospace and industrial uses.
Battery maker producing automotive lead-acid batteries and lithium-ion batteries for EVs, aerospace and industrial uses.
Automotive batteries are the big volume line, sold to carmakers for new vehicles and to the replacement market through dealers. Lithium-ion cells for vehicles and industry are made through joint ventures with Honda and Mitsubishi group companies. Formed in 2004 by the merger of Japan Storage Battery and Yuasa.
In one line: A Japanese Exide/EnerSys with an EV battery business.
Moat: narrow (brand, customer qualification, process know-how). Established Yuasa battery brand and long OEM ties, including EV battery joint ventures with Japanese automakers.
Headquarters: Kyoto, Japan · Founded: 1895 · Employees: 12,562
Size GS Yuasa (6674.T) is a Japan Industrials company (Electrical Products) with a market value of $2.67B, the 399th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,203 on 6 Nov 2026.
Performance Over six months the shares fell 33.5%, against -21.9% for the median peer and +1.8% for the Japan market (cap-weighted) — 9th lowest of 21 in its peer set.
Growth Revenue grew 5.8% over the last twelve months (peer median +19.5%); the operating margin is 10.2% (peer median 10.3%).
Valuation It trades at 9.9× forward earnings against a peer median of 22.3× (cheapest of 16).
Capital Return on invested capital runs 3.1 points below its cost of capital (10.8% WACC).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥619B | ¥609B | ¥580B | ¥563B | ¥518B |
| Revenue growth | — | +5% | +3% | +9% | — |
| Gross profit | ¥160B | ¥164B | ¥139B | ¥126B | ¥112B |
| EBITDA | ¥91.1B | ¥87.3B | ¥75.1B | ¥64.7B | ¥52.8B |
| Net income | ¥42.9B | ¥41.9B | ¥30.4B | ¥32.1B | ¥13.9B |
| Free cash flow | n/a | -¥829M | -¥26.2B | ¥24.8B | -¥2.60B |
| Capital expenditure | n/a | ¥51.1B | ¥66.3B | ¥39.0B | ¥31.6B |
| Total debt | ¥136B | ¥102B | ¥117B | ¥87.8B | ¥114B |
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 |
|---|---|---|---|---|---|---|
| GS Yuasa 6674.T | $2.67B | -33% | +6% | 10% | 9.9× | n/a |
| Panasonic 6752.T | $44.5B | -6% | +4% | 8% | 13.5× | 9.8% |
| Contemporary Amperex Technology 300750.SZ | $179B | -42% | +51% | 14% | 13.0× | 1.6% |
| EnerSys ENS | $5.30B | -36% | +4% | 15% | 11.3× | 0.5% |
| Exide Industries EXIDEIND.NS | $3.20B | -2% | +13% | 8% | 21.7× | 27.5% |
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 | 6674.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -26.3% | -8.2% | 5th lowest of 21 |
| 6-month return | -33.5% | -21.9% | 9th lowest of 21 |
| Distance from 52-week high | -46.8% | -48.4% | 10th highest of 21 |
| Revenue growth (TTM) | +5.8% | +19.5% | 3rd lowest of 21 |
| Operating margin | 10.2% | 10.3% | 11th highest of 21 |
| Forward P/E | 9.9× | 22.3× | cheapest of 16 |
| ROIC minus cost of capital | -3.1 pp | -0.0 pp | 6th lowest of 21 |
| EV / EBITDA | 6.2× | 19.0× | cheapest of 7 |
| Net debt / EBITDA | 1.1× | 0.2× | 2nd most indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| GS Yuasa 6674.T | Japan | $2.67B | -33% | +6% | 10% | 9.9× | n/a | n/a |
| Weihai Guangwei Composites 300699.SZ | China | $2.68B | -35% | +12% | 16% | 45.8× | 13.8% | +6.2% |
| Huaming Power Equipment 002270.SZ | China | $2.66B | -19% | +7% | 32% | 22.3× | 5.9% | +12.3% |
| Schneider Electric Infrastructure SCHNEIDER.NS | India | $2.69B | -21% | +10% | 10% | 76.0× | 56.2% | +17.4% |
| Baoding Tianwei Baobian Electric 600550.SS | China | $2.65B | -36% | +13% | 4% | n/a | 45.5% | +7.1% |
| Daming Electronics 603376.SS | China | $2.71B | -22% | +110% | 9% | n/a | n/a | n/a |
| Luster LightTech 688400.SS | China | $2.63B | -37% | +10% | 0% | 28.1× | 56.8% | +10.7% |
| Sanil Electric 062040.KS | South Korea | $2.62B | -56% | +29% | 36% | 17.1× | 15.1% | +50.8% |
| Zhongshan Broad-Ocean Motor 002249.SZ | China | $2.73B | -21% | +1% | 6% | n/a | 7.7% | +9.5% |
| Qingdao Hanhe Cable 002498.SZ | China | $2.74B | -37% | +21% | 3% | 18.3× | n/a | n/a |
| Fortior Technology (Shenzhen) 1304.HK | Hong Kong | $2.76B | -15% | +54% | 25% | 31.8× | n/a | n/a |
| Tianneng Battery 688819.SS | China | $2.79B | -37% | +2% | 0% | 10.9× | -7.9% | +5.4% |
| Shijiazhuang Shangtai Technology 001301.SZ | China | $2.80B | -16% | +34% | 13% | 16.6× | n/a | n/a |
| Shenzhen Senior Technology Material 300568.SZ | China | $2.80B | -23% | +45% | 10% | 27.4× | n/a | n/a |
| Ming Yang Smart Energy 601615.SS | China | $2.80B | -47% | +8% | -4% | 19.4× | n/a | n/a |
| Mabuchi Motor 6592.T | Japan | $2.84B | +18% | +12% | 12% | 17.9× | 5.8% | +11.5% |
| Time Interconnect Technology 1729.HK | Hong Kong | $2.84B | -57% | +84% | 7% | 10.8× | n/a | n/a |
| Zhuhai CosMX Battery 688772.SS | China | $2.88B | +2% | +18% | -2% | 144.1× | n/a | n/a |
| HBL Engineering HBLENGINE.NS | India | $2.46B | -1% | +63% | 31% | n/a | 22.6% | +29.4% |
| Tongding Interconnection Information 002491.SZ | China | $2.44B | -15% | +50% | 11% | n/a | n/a | n/a |
| Kirloskar Oil Engines KIRLOSENG.NS | India | $2.44B | -8% | +23% | 15% | 36.6× | 25.3% | +18.6% |