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Employees: 1,153
Size Hioki E.E.Corporation (6866.T) is a Japan Information Technology company (Electronic Equipment/Instruments) with a market value of $703M, the 902nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥8,120 on 6 Nov 2026.
Performance Over six months the shares fell 27.4%, against -20.1% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th lowest of 20 in its peer set.
Growth Revenue grew 16.8% over the last twelve months (peer median +8.2%); the operating margin is 19.5% (peer median 4.1%).
Valuation It trades at 14.6× forward earnings against a peer median of 17.6× (3rd cheapest of 8).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 11.9 points above its cost of capital (11.4% WACC).
Next results Next results expected around 22 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥47.2B | ¥40.5B | ¥39.3B | ¥39.2B | ¥34.4B |
| Revenue growth | — | +3% | 0% | +14% | — |
| Gross profit | ¥24.3B | ¥20.4B | ¥19.6B | ¥18.3B | ¥15.9B |
| EBITDA | ¥11.5B | ¥8.69B | ¥9.16B | ¥9.39B | ¥8.22B |
| Net income | ¥7.72B | ¥5.46B | ¥6.19B | ¥6.33B | ¥5.33B |
| Free cash flow | n/a | ¥3.29B | ¥5.35B | ¥5.43B | -¥50.9M |
| Capital expenditure | n/a | ¥4.23B | ¥3.52B | ¥3.01B | ¥1.29B |
| Total debt | ¥0 | ¥0 | ¥0 | ¥0 | ¥0 |
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 | 6866.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -31.8% | -9.2% | lowest of 21 |
| 6-month return | -27.4% | -20.1% | 7th lowest of 20 |
| Distance from 52-week high | -41.2% | -42.9% | 9th highest of 21 |
| Revenue growth (TTM) | +16.8% | +8.2% | 6th highest of 20 |
| Operating margin | 19.5% | 4.1% | 4th highest of 21 |
| Forward P/E | 14.6× | 17.6× | 3rd cheapest of 8 |
| Growth the price implies (Req g, 7 yrs) | 8.9% | 14.0% | 7th least demanding of 15 |
| Growth delivered (Del g) | +13.3% | +6.4% | 6th highest of 14 |
| Hurdle (Req g minus delivered) | -4.5 pp | +8.8 pp | 4th least demanding of 14 |
| ROIC minus cost of capital | +11.9 pp | -1.4 pp | 4th highest of 21 |
| EV / EBITDA | 8.0× | 30.1× | 2nd cheapest of 6 |
| Net debt / EBITDA | -1.6× | -1.5× | 4th least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Hioki E.E.Corporation 6866.T | Japan | $703M | -27% | +17% | 20% | 14.6× | 8.9% | +13.3% |
| Acrel 300286.SZ | China | $691M | -23% | +9% | 13% | 18.4× | 15.7% | +8.8% |
| Fujian Nebula Electronics 300648.SZ | China | $720M | -44% | -1% | -18% | n/a | n/a | n/a |
| Shenzhen Jieshun Science & Technology Industry 002609.SZ | China | $683M | -14% | +5% | 3% | 26.4× | 1.9% | +5.0% |
| Xiamen Sinic-Tek Intelligent Technology 301568.SZ | China | $676M | -23% | +19% | 17% | n/a | 35.3% | +13.6% |
| Nanjing Xinlian Electronics 002546.SZ | China | $732M | -29% | -2% | 21% | n/a | -8.4% | +3.7% |
| Zhejiang Shuangyuan Technology 688623.SS | China | $733M | -10% | +10% | 7% | n/a | 39.1% | +15.5% |
| Smartgiant Technology 688115.SS | China | $672M | +22% | +40% | 5% | n/a | n/a | n/a |
| Beauty Tech TBTG.L | United Kingdom | $742M | +71% | n/a | 21% | 17.6× | 4.5% | n/a |
| ZhongYeDa Electric 002441.SZ | China | $662M | -20% | +5% | 2% | n/a | 3.9% | +0.1% |
| Shenzhen Anche Technologies 300572.SZ | China | $747M | -29% | +13% | -33% | n/a | n/a | n/a |
| RNBC New Energy 301667.SZ | China | $755M | -59% | +24% | 6% | n/a | n/a | n/a |
| Nihon Dengi 1723.T | Japan | $653M | -35% | +2% | 26% | 11.2× | -0.4% | +6.4% |
| Keytop Parking 2272.HK | Hong Kong | $761M | n/a | +4% | 11% | n/a | n/a | n/a |
| COSCO SHIPPING Technology 002401.SZ | China | $646M | -16% | -4% | -2% | 17.4× | 12.2% | +3.5% |
| OPTEX 6914.T | Japan | $632M | -6% | +14% | 14% | 12.0× | 1.9% | +13.6% |
| Saimo Technology 300466.SZ | China | $631M | -14% | -6% | 0% | n/a | 57.8% | -2.8% |
| Changchun Zhiyuan New Energy Equipment 300985.SZ | China | $786M | +22% | +55% | -5% | n/a | n/a | n/a |
| Catapult Sports CAT.AX | Australia | $788M | +15% | +19% | -17% | n/a | 27.1% | +18.0% |
| Cosmo AM&T 005070.KS | South Korea | $789M | -45% | +8% | 2% | 176.2× | 29.5% | +17.4% |
| Wecome Intelligent Manufacturing 603070.SS | China | $624M | -24% | -8% | 0% | n/a | 25.6% | +2.3% |