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Maker of electronic components — MLCC capacitors, batteries (via ATL), sensors and HDD heads — for electronics makers.
Maker of electronic components — MLCC capacitors, batteries (via ATL), sensors and HDD heads — for electronics makers.
Rechargeable batteries made by its Hong Kong subsidiary ATL, sold mainly for smartphones, are the biggest part of sales, ahead of the capacitors, inductors and magnetic parts it began with, so smartphone demand matters to it. It started in 1935 as a ferrite magnet-material maker and built its range by acquiring EPCOS in 2009 and InvenSense, a motion-sensor firm, in 2017.
In one line: A Japanese Samsung Electro-Mechanics/Amphenol hybrid.
Moat: narrow (scale, IP / patents, customer qualification). Leading battery and MLCC technology with deep customer qualification (e.g., Apple), but faces strong Murata/Samsung SDI rivalry.
Headquarters: Tokyo, Japan · Founded: 1935 · Employees: 106,545
Size Tdk (6762.T) is a Japan Information Technology company (Electronic Components) with a market value of $25.4B, the 67th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,107 on 6 Nov 2026.
Performance Over six months the shares fell 27.1%, against -23.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 25.4% over the last twelve months (peer median +33.4%); the operating margin is 10.1% (peer median 12.9%).
Valuation It trades at 15.0× forward earnings against a peer median of 21.2× (4th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 18% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +7 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 3.7 points below its cost of capital (12.7% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥2.88T | ¥2.50T | ¥2.20T | ¥2.10T | ¥2.18T |
| Revenue growth | — | +14% | +5% | -4% | — |
| Gross profit | ¥888B | ¥783B | ¥688B | ¥603B | ¥585B |
| EBITDA | ¥519B | ¥446B | ¥394B | ¥345B | ¥356B |
| Net income | ¥261B | ¥196B | ¥167B | ¥125B | ¥114B |
| Free cash flow | ¥44.6B | ¥209B | ¥221B | ¥228B | -¥12.9B |
| Capital expenditure | ¥352B | ¥299B | ¥225B | ¥219B | ¥276B |
| Total debt | ¥717B | ¥616B | ¥608B | ¥686B | ¥752B |
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 |
|---|---|---|---|---|---|---|
| Tdk 6762.T | $25.4B | -27% | +25% | 10% | 15.0× | 18.2% |
| Murata Manufacturing 6981.T | $57.1B | -5% | +15% | 20% | 23.0× | 29.8% |
| Taiyo Yuden 6976.T | $5.63B | +4% | +6% | 6% | 28.8× | 47.0% |
| SamsungElecMech 009150.KS | $47.2B | +5% | +22% | 12% | 38.7× | 42.8% |
| Panasonic 6752.T | $44.5B | -6% | +4% | 8% | 13.5× | 9.8% |
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 | 6762.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -41.9% | -38.0% | 6th lowest of 21 |
| 6-month return | -27.1% | -23.4% | 10th lowest of 20 |
| Distance from 52-week high | -51.2% | -49.6% | 10th lowest of 21 |
| Revenue growth (TTM) | +25.4% | +33.4% | 6th lowest of 21 |
| Operating margin | 10.1% | 12.9% | 6th lowest of 21 |
| Forward P/E | 15.0× | 21.2× | 4th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 18.2% | 23.7% | 6th least demanding of 12 |
| Growth delivered (Del g) | +11.1% | +7.7% | 5th highest of 12 |
| Hurdle (Req g minus delivered) | +7.1 pp | +10.8 pp | 6th least demanding of 12 |
| ROIC minus cost of capital | -3.7 pp | +3.9 pp | 4th lowest of 21 |
| EV / EBITDA | 7.5× | 15.6× | cheapest of 10 |
| Net debt / EBITDA | -0.3× | -0.9× | 3rd most indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tdk 6762.T | Japan | $25.4B | -27% | +25% | 10% | 15.0× | 18.2% | +11.1% |
| Celestica CLS.TO | Canada | $26.3B | -44% | +61% | 9% | 11.5× | 11.0% | +17.6% |
| Suzhou Dongshan Precision Manufacturing 002384.SZ | China | $26.9B | -57% | +56% | 11% | 18.0× | n/a | n/a |
| Ibiden 4062.T | Japan | $22.1B | +164% | +26% | 18% | 39.2× | 39.2% | +5.2% |
| Chaozhou Three-Circle (Group) 300408.SZ | China | $21.6B | -15% | +65% | 34% | 28.1× | 23.7% | +17.7% |
| Wus Printed Circuit (Kunshan) 002463.SZ | China | $21.2B | -29% | +61% | 28% | 18.2× | n/a | n/a |
| Shennan Circuit 002916.SZ | China | $20.4B | -36% | +51% | 18% | 22.6× | n/a | n/a |
| Victory Giant Technology (HuiZhou) 300476.SZ | China | $18.3B | -62% | +38% | 26% | 17.2× | n/a | n/a |
| Unimicron Technology 3037.TW | Taiwan | $35.4B | -19% | +33% | 13% | 20.1× | 45.9% | +8.3% |
| Largan Precision 3008.TW | Taiwan | $17.7B | +76% | 0% | 35% | 26.0× | 12.6% | +1.8% |
| NVT NVT | United States | $17.2B | -38% | +48% | 18% | 16.4× | 16.2% | +14.3% |
| Nan Ya Printed Circuit Board 8046.TW | Taiwan | $17.1B | -12% | +34% | 12% | 26.1× | 58.7% | +0.8% |
| Avary Holding (Shenzhen) 002938.SZ | China | $16.2B | -35% | +8% | 10% | 22.4× | n/a | n/a |
| Gold Circuit Electronics 2368.TW | Taiwan | $12.9B | -45% | +68% | 26% | 14.5× | 14.2% | +20.7% |
| Zhen Ding Technology Holding Lt 4958.TW | Taiwan | $12.8B | -12% | +5% | 9% | 18.4× | n/a | n/a |
| Luxshare Precision Industry 2475.HK | Hong Kong | $55.2B | n/a | +33% | 4% | 15.7× | n/a | n/a |
| Accelink Technologies 002281.SZ | China | $10.8B | -37% | +32% | 11% | 42.6× | n/a | n/a |
| Kinsus Interconnect Technology 3189.TW | Taiwan | $10.7B | +27% | +34% | 14% | 29.4× | 41.2% | +7.7% |
| Sunny Optical 2382.HK | Hong Kong | $8.92B | -3% | +20% | 8% | 14.8× | 4.9% | +1.9% |
| Innolux 3481.TW | Taiwan | $8.71B | +32% | +11% | 0% | 62.6× | 37.3% | -3.4% |
| Shenzhen Kinwong Electronic 603228.SS | China | $8.38B | -23% | +33% | 12% | 22.6× | n/a | n/a |