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← CockpitCompetitor Analysis › 6745.T Hochiki CorporationOpen in the cockpit ↗

Hochiki Corporation6745.TCompetitor analysis, valuation and peers

Japan · JPY·Information Technology›Computer Communications
Momentum neutral 58
Mkt cap
$952M
US dollars, full cap
Free float
55%
of shares outstanding
$/day
$2.32M
20-day average traded
Fwd P/E
14.7×
forward earnings
ROIC−WACC
+12.1 pp
WACC 7.9%
Hurdle
-7 pp
Req g minus delivered
Next earnings
96 days
10 Feb 2027
Close · JPY¥1,932
1D-3.6%
1W-8.3%
1M-2.7%
3M+1.1%
6M+0.3%
YTD+30.5%
1Y+49.2%
ATR %4.4%
52w lowhigh18.0% off high

What Hochiki does

Employees: 2,722

Hochiki at a glance

Size Hochiki (6745.T) is a Japan Information Technology company (Computer Communications) with a market value of $952M, the 755th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,932 on 6 Nov 2026.

Performance Over six months the shares gained 0.3%, against -3.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 9th highest of 21 in its peer set.

Growth Revenue grew 4.8% over the last twelve months (peer median +6.5%); the operating margin is 11.7% (peer median 3.3%).

Valuation It trades at 14.7× forward earnings against a peer median of 18.1× (6th cheapest of 15).

Price implies For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -7 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 12.1 points above its cost of capital (7.9% WACC).

Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).

Relative performance

9010011012011 May 202611 Aug 20266 Nov 20266745.T 98Peer median 97
Six months, rebased to 100: Hochiki against the median of its 20 peers (local-currency closes).

Hochiki financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥107B¥106B¥101B¥93.5B¥85.5B
Revenue growth—+5%+8%+9%—
Gross profit¥42.9B¥41.7B¥37.2B¥32.2B¥27.8B
EBITDA¥14.2B¥13.7B¥11.0B¥8.94B¥7.00B
Net income¥9.76B¥9.38B¥7.65B¥5.66B¥4.42B
Free cash flown/a¥9.36B¥10.4B-¥685M-¥1.62B
Capital expendituren/a¥1.98B¥1.99B¥1.82B¥2.29B
Total debt¥1.95B¥1.23B¥1.27B¥1.14B¥666M

Quarterly statements and history in the cockpit →

Hochiki 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

-40%-20%0%+20%-20%0%002446300951RDWRNEDAP178320603386002960674167443029421223923005576880043704300698300659301337BIG6745.T6-month return →1-month return →
Up and to the right = strong over both horizons. Hochiki is the large dot.

Fundamentals: revenue growth against valuation

-25%0%+25%+50%+75%10×20×30×002446300951RDWRNEDAP603386002960674167443029ALLT3704300698300659BIG6745.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Hochiki is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%002446RDWRNEDAP002960674130294212300557688004ALLT37043006983006596745.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. Hochiki is the large dot.

Hochiki competitors and peer comparison

How Hochiki 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.

Hochiki against its 20 peers (data as of 6 Nov 2026)
Measure6745.TPeer medianRank in peer set
1-month return-2.7%-9.4%7th highest of 21
6-month return+0.3%-3.2%9th highest of 21
Distance from 52-week high-18.0%-30.4%7th highest of 21
Revenue growth (TTM)+4.8%+6.5%8th lowest of 21
Operating margin11.7%3.3%3rd highest of 21
Forward P/E14.7×18.1×6th cheapest of 15
Growth the price implies (Req g, 7 yrs)-0.1%17.5%6th least demanding of 15
Growth delivered (Del g)+6.7%+4.0%6th highest of 15
Hurdle (Req g minus delivered)-6.8 pp+9.6 pp6th least demanding of 15
ROIC minus cost of capital+12.1 pp-3.7 pp4th highest of 21
EV / EBITDA8.8×10.9×3rd cheapest of 7
Net debt / EBITDA-1.7×-1.1×4th least indebted of 8

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
Hochiki 6745.TJapan$952M0%+5%12%14.7×-0.1%+6.7%
Guangdong Shenglu Telecommunication Tech 002446.SZChina$928M-32%-10%0%16.9×43.5%+1.0%
Shenzhen BSC Technology 300951.SZChina$1.11B+33%+16%-5%19.3×n/an/a
Radware RDWRUnited States$1.26B+9%+11%4%22.0×32.4%+3.8%
Nedap NEDAP.ASNetherlands$691M+6%+13%12%19.8×-3.6%+8.1%
Seojin System 178320.KSSouth Korea$1.33B-52%+9%-5%n/an/an/a
Guangdong Champion Asia Electronics 603386.SSChina$670M+3%+15%3%36.2×n/an/a
Jade Bird Integrated Technologies 002960.SZChina$1.40B-12%-5%6%23.8×12.0%+13.2%
Nippon Signal 6741.TJapan$645M-3%+10%11%8.8×-7.9%+4.2%
Nohmi Bosai 6744.TJapan$1.58B0%+6%14%16.9×-4.4%+5.3%
Zero One Technology 3029.TWTaiwan$566M+10%+76%6%14.3×-9.2%+20.4%
Sekisui Jushi 4212.TJapan$516M+28%+5%7%n/a1.8%+3.8%
Cheng Uei Precision Industry 2392.TWTaiwan$499M-8%-10%-12%n/an/an/a
Wuhan Ligong Guangke 300557.SZChina$461M-28%+3%5%n/a31.7%+11.1%
Beijing Bohui Science & Technology 688004.SSChina$455M+63%-33%-42%n/a39.5%-9.9%
Allot ALLTUnited States$422M+10%+14%7%24.2×23.1%-5.6%
Zyxel 3704.TWTaiwan$414M-4%+5%5%9.1×-5.7%+2.6%
Wanma Technology 300698.SZChina$397M-48%+6%3%30.8×32.9%+8.5%
Zhongfu Information 300659.SZChina$384M-24%-28%-27%7.2×35.0%-6.1%
Yarward Electronics 301337.SZChina$360M-16%+20%-10%n/an/an/a
Big Technologies BIG.LUnited Kingdom$353M-14%+7%-36%14.0×n/an/a

Questions

Which companies are Hochiki's closest peers?
The cockpit's peer set: Guangdong Shenglu Telecommunication Tech (002446.SZ), Shenzhen BSC Technology (300951.SZ), Radware (RDWR), Nedap (NEDAP.AS), Seojin System (178320.KS), Guangdong Champion Asia Electronics (603386.SS), Jade Bird Integrated Technologies (002960.SZ), Nippon Signal (6741.T).
Is Hochiki expensive compared with its peers?
On forward p/e it trades at 14.7× against a peer median of 18.1×, 6th cheapest of 15 in its peer set. For today's price to make sense, revenue must grow about 0% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -7 pp: the price already allows for a slowdown.
How has Hochiki stock performed?
Over six months to 6 Nov 2026 the shares returned +0.3% against -3.2% for the median peer; over one year +49.2%.

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.