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Leading Japanese maker of precision electronic connectors used in smartphones, automobiles, industrial and telecom equipment.
Leading Japanese maker of precision electronic connectors used in smartphones, automobiles, industrial and telecom equipment.
Its connectors are chosen at the design stage of each new device, so revenue follows the launch calendar of phones and electronics, with industrial and automotive customers adding longer product lives.
In one line: Japan's Amphenol — a pure-play precision connector maker.
Moat: narrow (IP / patents, customer qualification, process know-how). Deep design-in with smartphone and auto customers; miniaturized connector IP is hard to replicate.
Headquarters: Tokyo, Japan · Founded: 1937 · Employees: 5,110
Size Hirose Electric (6806.T) is a Japan Information Technology company (Electronic Components) with a market value of $4.23B, the 275th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥21,040 on 6 Nov 2026.
Performance Over six months the shares fell 3.6%, against -14.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 20.5% over the last twelve months (peer median +16.5%); the operating margin is 21.8% (peer median 9.5%).
Valuation It trades at 17.5× forward earnings against a peer median of 30.7× (5th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 8% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.8 points above its cost of capital (10.1% WACC).
Next results Next results expected around 3 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥237B | ¥211B | ¥189B | ¥166B | ¥183B |
| Revenue growth | — | +12% | +14% | -10% | — |
| Gross profit | ¥115B | ¥90.9B | ¥87.7B | ¥73.8B | ¥88.9B |
| EBITDA | n/a | ¥62.8B | ¥60.8B | ¥52.1B | ¥64.0B |
| Net income | ¥35.5B | ¥33.1B | ¥33.0B | ¥26.5B | ¥34.6B |
| Free cash flow | n/a | ¥25.9B | ¥29.0B | ¥8.98B | ¥27.1B |
| Capital expenditure | n/a | ¥20.0B | ¥26.7B | ¥32.1B | ¥18.5B |
| Total debt | ¥6.32B | ¥7.48B | ¥5.20B | ¥5.93B | ¥5.48B |
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 |
|---|---|---|---|---|---|---|
| Hirose Electric 6806.T | $4.23B | -4% | +21% | 22% | 17.5× | 8.4% |
| TE Connectivity TEL | $59.5B | +1% | +15% | 22% | 15.1× | 8.2% |
| Amphenol APH | $184B | +21% | +58% | 29% | 21.6× | 15.7% |
| Japan Aviation Electronics Industry 6807.T | $922M | -13% | +10% | 3% | 19.4× | n/a |
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 | 6806.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -19.1% | -27.2% | 6th highest of 21 |
| 6-month return | -3.6% | -14.8% | 6th highest of 21 |
| Distance from 52-week high | -34.7% | -46.1% | 3rd highest of 21 |
| Revenue growth (TTM) | +20.5% | +16.5% | 10th highest of 21 |
| Operating margin | 21.8% | 9.5% | 5th highest of 21 |
| Forward P/E | 17.5× | 30.7× | 5th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 8.4% | 27.8% | 4th least demanding of 10 |
| Growth delivered (Del g) | +9.6% | +14.3% | 5th lowest of 10 |
| Hurdle (Req g minus delivered) | -1.2 pp | +7.3 pp | 3rd least demanding of 10 |
| ROIC minus cost of capital | +1.8 pp | -2.3 pp | 7th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hirose Electric 6806.T | Japan | $4.23B | -4% | +21% | 22% | 17.5× | 8.4% | +9.6% |
| Nantong Jianghai Capacitor 002484.SZ | China | $4.28B | -15% | +17% | 14% | 27.6× | 23.2% | +15.9% |
| Delton Technology (Guangzhou) 1989.HK | Hong Kong | $4.09B | -73% | +86% | 25% | 10.6× | n/a | n/a |
| Optics Technology 300489.SZ | China | $4.07B | +101% | +40% | 11% | 125.0× | n/a | n/a |
| Shenzhen Jpt Opto-Electronics 688025.SS | China | $3.97B | -22% | +69% | 18% | 43.3× | 44.7% | +19.4% |
| Camtek CAMT | United States | $4.53B | -53% | +12% | 23% | 19.6× | 29.7% | +26.1% |
| Silergy 6415.TW | Taiwan | $4.58B | -11% | +13% | 12% | 30.5× | n/a | n/a |
| Guangdong Kingshine Electronic Technology 300903.SZ | China | $4.69B | +45% | +36% | 4% | 276.3× | n/a | n/a |
| Walsin Technology 2492.TW | Taiwan | $3.79B | +74% | +8% | 8% | 37.6× | 36.0% | +0.5% |
| Wuhan Jingce Electronic 300567.SZ | China | $4.80B | -14% | +31% | 0% | 119.3× | n/a | n/a |
| Caihong Display Devices 600707.SS | China | $3.70B | -15% | -3% | 4% | 11.6× | 2.9% | +1.7% |
| Hamamatsu Photonics K.K 6965.T | Japan | $3.69B | -7% | +10% | 9% | 30.9× | 27.8% | +8.6% |
| Sichuan Huafeng Technology 688629.SS | China | $4.85B | -49% | +46% | 9% | 87.5× | n/a | n/a |
| Suntak Technology 002815.SZ | China | $3.61B | +2% | +31% | 10% | n/a | n/a | n/a |
| Xiamen Faratronic 600563.SS | China | $3.58B | -10% | +10% | 23% | 18.4× | 8.0% | +23.1% |
| Guizhou Space Appliance 002025.SZ | China | $3.56B | -29% | +22% | 3% | 63.7× | n/a | n/a |
| Pantum Technology 002180.SZ | China | $3.39B | -16% | -59% | 0% | 69.9× | 30.6% | -4.8% |
| Isupetasys 007660.KS | South Korea | $3.36B | -59% | +42% | 20% | 16.4× | n/a | n/a |
| Dynamic Electronics 603175.SS | China | $5.37B | -15% | +15% | 5% | n/a | n/a | n/a |
| Lotes 3533.TW | Taiwan | $5.39B | -36% | +13% | 28% | 17.6× | 1.9% | +14.3% |
| ITEQ 6213.TW | Taiwan | $5.45B | +75% | +16% | 9% | 16.6× | n/a | n/a |