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Employees: 1,898
Size Espec (6859.T) is a Japan Information Technology company (Electronic Equipment/Instruments) with a market value of $504M, the 1064th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,550 on 6 Nov 2026.
Performance Over six months the shares gained 6.8%, against -26.5% for the median peer and +1.8% for the Japan market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 8.7% over the last twelve months (peer median +5.6%); the operating margin is 9.9% (peer median 3.8%).
Valuation It trades at 12.5× forward earnings against a peer median of 18.0× (4th cheapest of 12).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.1 points below its cost of capital (12.1% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥71.6B | ¥70.0B | ¥67.3B | ¥62.1B | ¥52.9B |
| Revenue growth | — | +4% | +8% | +17% | — |
| Gross profit | ¥24.6B | ¥24.0B | ¥23.7B | ¥21.8B | ¥17.8B |
| EBITDA | ¥9.31B | ¥9.30B | ¥9.50B | ¥8.30B | ¥5.83B |
| Net income | ¥5.93B | ¥5.88B | ¥6.00B | ¥4.97B | ¥3.33B |
| Free cash flow | n/a | ¥3.65B | ¥2.26B | ¥498M | ¥947M |
| Capital expenditure | n/a | ¥1.41B | ¥2.18B | ¥2.24B | ¥969M |
| Total debt | ¥461M | ¥1.50B | ¥1.05B | ¥5.50B | ¥712M |
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.
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 | 6859.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.2% | -11.7% | 7th lowest of 21 |
| 6-month return | +6.8% | -26.5% | highest of 21 |
| Distance from 52-week high | -25.9% | -44.1% | highest of 21 |
| Revenue growth (TTM) | +8.7% | +5.6% | 10th highest of 21 |
| Operating margin | 9.9% | 3.8% | 8th highest of 21 |
| Forward P/E | 12.5× | 18.0× | 4th cheapest of 12 |
| Growth the price implies (Req g, 7 yrs) | 7.1% | 8.2% | 7th least demanding of 13 |
| Growth delivered (Del g) | +12.6% | +7.4% | 3rd highest of 13 |
| Hurdle (Req g minus delivered) | -5.5 pp | -2.9 pp | 7th least demanding of 13 |
| ROIC minus cost of capital | -0.1 pp | -4.0 pp | 5th highest of 19 |
| EV / EBITDA | 6.5× | 13.4× | 2nd cheapest of 10 |
| Net debt / EBITDA | -2.0× | -1.8× | 6th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Espec 6859.T | Japan | $504M | +7% | +9% | 10% | 12.5× | 7.1% | +12.6% |
| SZZT Electronics 002197.SZ | China | $506M | -32% | +25% | -17% | n/a | n/a | n/a |
| Nippon Ceramic 6929.T | Japan | $501M | -14% | +3% | 23% | 12.7× | -4.5% | +9.8% |
| Shanghai Hi-Tech Control System 002184.SZ | China | $507M | -16% | -16% | -3% | n/a | n/a | n/a |
| Zhejiang Wellsun Intelligent Technology 300882.SZ | China | $510M | -35% | +13% | -1% | n/a | n/a | n/a |
| Merry Electronics 2439.TW | Taiwan | $493M | -26% | +9% | 2% | 17.9× | -5.0% | +6.2% |
| Osaka Organic Chemical Industry 4187.T | Japan | $518M | -21% | +18% | 22% | 11.8× | 6.9% | +4.8% |
| Integrated Electronic Systems Lab Co 002339.SZ | China | $486M | -34% | +11% | -2% | n/a | 15.8% | +8.2% |
| Anhui Wanyi Science And Technology Co. Ltd. Class 1 688600.SS | China | $522M | -11% | +4% | 5% | 33.4× | 34.5% | +11.2% |
| Wiscom System 002090.SZ | China | $485M | -27% | -4% | 1% | n/a | 34.3% | -3.4% |
| Babcock & Wilcox Enterprises BW | United States | $484M | -78% | +40% | 4% | 12.2× | n/a | n/a |
| Sinosun Technology 300333.SZ | China | $482M | +3% | +2% | -13% | n/a | n/a | n/a |
| Grade Upon Technology 6739.TWO | Taiwan | $481M | -52% | +99% | 57% | n/a | 12.4% | +26.7% |
| Careray Digital Medical Technology 688607.SS | China | $479M | -45% | +2% | -10% | 72.5× | n/a | n/a |
| Goldcard Smart 300349.SZ | China | $531M | -33% | -5% | 4% | 18.0× | 2.9% | +10.8% |
| IDEC 6652.T | Japan | $534M | -11% | +17% | 10% | 10.1× | 0.7% | +6.2% |
| Chengdu Zhimingda Electronics 688636.SS | China | $474M | -58% | -12% | 13% | 21.9× | n/a | n/a |
| Beijing ConST Instruments Technology 300445.SZ | China | $536M | -23% | +7% | 19% | 21.8× | 9.4% | +15.5% |
| Henan Splendor Science and Technology 002296.SZ | China | $470M | -23% | -36% | 18% | n/a | 6.3% | +6.6% |
| Ningbo Jianan Electronics 300880.SZ | China | $466M | -29% | -33% | 5% | n/a | 34.7% | +4.7% |
| Kewell Technology 688551.SS | China | $464M | -20% | +13% | 2% | 50.7× | n/a | n/a |