Employees: 1,234
Size Japan Electronic Materials (6855.T) is a Japan Information Technology company (Semiconductors) with a market value of $451M, the 1131st largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,850 on 6 Nov 2026.
Performance Over six months the shares fell 31.1%, against -20.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th lowest of 21 in its peer set.
Growth Revenue grew 38.3% over the last twelve months (peer median +8.7%); the operating margin is 26.4% (peer median 2.1%).
Valuation It trades at 9.7× forward earnings against a peer median of 23.3× (3rd cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 11% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is +1 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 3.4 points above its cost of capital (18.2% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥33.6B | ¥29.4B | ¥23.8B | ¥17.5B | ¥20.8B |
| Revenue growth | — | +23% | +36% | -16% | — |
| Gross profit | ¥14.6B | ¥12.7B | ¥9.35B | ¥5.19B | ¥7.34B |
| EBITDA | ¥10.3B | ¥8.68B | ¥5.78B | ¥1.94B | ¥4.31B |
| Net income | ¥6.63B | ¥5.45B | ¥3.45B | ¥622M | ¥2.61B |
| Free cash flow | n/a | ¥2.24B | -¥1.66B | ¥397M | ¥2.43B |
| Capital expenditure | n/a | ¥3.52B | ¥3.46B | ¥1.92B | ¥921M |
| Total debt | ¥7.23B | ¥7.54B | ¥5.88B | ¥5.66B | ¥4.18B |
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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 | 6855.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -43.9% | -24.3% | 3rd lowest of 21 |
| 6-month return | -31.1% | -20.2% | 7th lowest of 21 |
| Distance from 52-week high | -52.8% | -48.2% | 8th lowest of 21 |
| Revenue growth (TTM) | +38.3% | +8.7% | 5th highest of 21 |
| Operating margin | 26.4% | 2.1% | highest of 20 |
| Forward P/E | 9.7× | 23.3× | 3rd cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 10.9% | 18.2% | 3rd least demanding of 8 |
| Growth delivered (Del g) | +9.7% | +6.9% | 3rd highest of 7 |
| Hurdle (Req g minus delivered) | +1.3 pp | +9.8 pp | 3rd least demanding of 7 |
| ROIC minus cost of capital | +3.4 pp | -3.9 pp | 4th highest of 20 |
| EV / EBITDA | 5.2× | 12.2× | 2nd cheapest of 10 |
| Net debt / EBITDA | -1.7× | -0.0× | 5th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Japan Electronic Materials 6855.T | Japan | $451M | -31% | +38% | 26% | 9.7× | 10.9% | +9.7% |
| S & S Tech 101490.KS | South Korea | $451M | -71% | +20% | 20% | 11.5× | n/a | n/a |
| IntelliEPI Inc. (Cayman) 4971.TWO | Taiwan | $452M | -60% | +31% | 19% | 41.6× | n/a | n/a |
| Guangzhou Anyka Microelectronics 688620.SS | China | $449M | -11% | +70% | 1% | 66.7× | n/a | n/a |
| Anpec Electronics 6138.TWO | Taiwan | $449M | -20% | +18% | 19% | 10.5× | -1.6% | +6.8% |
| Taiwan-Asia Semiconductor 2340.TW | Taiwan | $448M | -19% | 0% | -26% | 35.7× | n/a | n/a |
| PCL Technologies 4977.TW | Taiwan | $454M | -23% | -26% | 2% | 60.0× | n/a | n/a |
| Triductor Technology (Suzhou) 688259.SS | China | $446M | -30% | -32% | -16% | 23.3× | 55.4% | +11.6% |
| Truelight 3234.TWO | Taiwan | $443M | +8% | +10% | -24% | n/a | n/a | n/a |
| Cheng Mei Instrument Technology 7853.TWO | Taiwan | $442M | -20% | +2% | -46% | n/a | n/a | n/a |
| Phoenix Pioneer Technology 6920.TWO | Taiwan | $442M | -44% | +32% | -10% | n/a | n/a | n/a |
| Clenergy Technology 603628.SS | China | $441M | -13% | -21% | 4% | n/a | 13.0% | +18.4% |
| China Chippacking Technology 688216.SS | China | $463M | -14% | +56% | 2% | n/a | 20.2% | +7.0% |
| SAMT 031330.KS | South Korea | $464M | -9% | +104% | 8% | n/a | n/a | n/a |
| ITH 6962.TW | Taiwan | $436M | -17% | -3% | 2% | 5.3× | 1.4% | -4.9% |
| Maxic Technology 688458.SS | China | $468M | -14% | +7% | -14% | n/a | n/a | n/a |
| Lake Materials 281740.KS | South Korea | $468M | -58% | +6% | 11% | 13.9× | n/a | n/a |
| Contrel Technology 8064.TWO | Taiwan | $469M | -33% | +28% | 15% | n/a | 18.2% | -5.5% |
| MiCo 059090.KS | South Korea | $431M | -18% | +60% | 6% | n/a | n/a | n/a |
| TSEC 6443.TW | Taiwan | $423M | -31% | -55% | -122% | 9.1× | n/a | n/a |
| SEMCO Technologies ALSEM.PA | France | $421M | -34% | +7% | n/a | 29.4× | 26.2% | n/a |