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Maker of precision-stamped motor cores, including for EV traction motors, and semiconductor leadframes.
Maker of precision-stamped motor cores, including for EV traction motors, and semiconductor leadframes.
Builds its own precision stamping dies and presses, then earns on volume once a customer's motor or chip-package design is approved, so new vehicle and chip programmes drive the order book. Approval cycles are long, which keeps customers in place once a part is designed in.
In one line: A niche precision-stamping supplier with no direct US listed peer.
Moat: narrow (process know-how, customer qualification). Precision stamping tolerances and long qualification cycles with motor and chip customers.
Headquarters: Tokyo, Japan · Founded: 1954 · Employees: 4,858
Size Mitsui High-Tec (6966.T) is a Japan Information Technology company (Electronic Production Equipment) with a market value of $892M, the 781st largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥770 on 6 Nov 2026.
Performance Over six months the shares gained 19.6%, against -28.5% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 20 in its peer set.
Growth Revenue grew 9.8% over the last twelve months (peer median +7.2%); the operating margin is 7.5% (peer median 4.9%).
Valuation It trades at 9.2× forward earnings against a peer median of 16.2× (3rd cheapest of 14).
Capital Return on invested capital runs 4.9 points below its cost of capital (12.4% WACC).
Next results Next results expected around 10 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥241B | ¥218B | ¥215B | ¥196B | ¥175B |
| Revenue growth | — | +2% | +10% | +12% | — |
| Gross profit | ¥39.5B | ¥31.1B | ¥31.9B | ¥32.3B | ¥35.7B |
| EBITDA | ¥31.8B | ¥26.0B | ¥30.5B | ¥29.7B | ¥32.1B |
| Net income | ¥8.91B | ¥3.15B | ¥12.2B | ¥15.5B | ¥17.6B |
| Free cash flow | n/a | -¥3.49B | -¥1.46B | -¥4.04B | ¥651M |
| Capital expenditure | n/a | ¥28.8B | ¥26.4B | ¥36.5B | ¥22.0B |
| Total debt | ¥95.5B | ¥87.3B | ¥76.4B | ¥62.5B | ¥51.0B |
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 |
|---|---|---|---|---|---|---|
| Mitsui High-Tec 6966.T | $892M | +20% | +10% | 8% | 9.2× | n/a |
| Aisin 7259.T | $9.78B | -14% | +6% | 4% | 10.0× | -0.3% |
| Nidec 6594.T | $11.7B | -33% | +4% | -22% | 11.5× | 8.4% |
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 | 6966.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -18.8% | -15.8% | 9th lowest of 21 |
| 6-month return | +19.6% | -28.5% | 2nd highest of 20 |
| Distance from 52-week high | -43.3% | -54.3% | 7th highest of 21 |
| Revenue growth (TTM) | +9.8% | +7.2% | 10th highest of 21 |
| Operating margin | 7.5% | 4.9% | 8th highest of 21 |
| Forward P/E | 9.2× | 16.2× | 3rd cheapest of 14 |
| ROIC minus cost of capital | -4.9 pp | -2.1 pp | 9th lowest of 21 |
| EV / EBITDA | 5.8× | 13.5× | 2nd cheapest of 9 |
| Net debt / EBITDA | 1.3× | 0.3× | 4th most indebted of 9 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Mitsui High-Tec 6966.T | Japan | $892M | +20% | +10% | 8% | 9.2× | n/a | n/a |
| Scanfil SCANFL.HE | Finland | $877M | -7% | +19% | 6% | 16.2× | 6.9% | +6.0% |
| Hangzhou Sunrise Technology 300360.SZ | China | $919M | -20% | -17% | 19% | 10.0× | -1.6% | +9.0% |
| Chengdu RML Technology 301050.SZ | China | $927M | -37% | -81% | -128% | 22.1× | 21.4% | +16.9% |
| AcBel Polytech 6282.TW | Taiwan | $838M | -35% | +14% | 3% | 22.5× | 15.7% | +8.6% |
| Shenzhen Laibao Hi-Tech 002106.SZ | China | $962M | -13% | -12% | 4% | 28.4× | n/a | n/a |
| LianChuang Electronic Technology 002036.SZ | China | $818M | -42% | -32% | -25% | n/a | n/a | n/a |
| Nanjing Wavelength Opto-Electronic Science and Technology 301421.SZ | China | $980M | -46% | +8% | 7% | 77.3× | n/a | n/a |
| TES 095610.KS | South Korea | $982M | -7% | +33% | 17% | 13.7× | 14.5% | +7.4% |
| Beken 603068.SS | China | $810M | 0% | +35% | 1% | n/a | n/a | n/a |
| DKE 1770.HK | Hong Kong | $796M | n/a | +35% | 5% | n/a | 17.5% | +9.6% |
| Radiant Opto-Electronics 6176.TW | Taiwan | $795M | -15% | -11% | 9% | 9.5× | n/a | n/a |
| Team 4967.TW | Taiwan | $783M | -7% | +91% | 35% | 39.4× | n/a | n/a |
| Suzhou Jinfu Technology 300128.SZ | China | $781M | -38% | +33% | -12% | n/a | n/a | n/a |
| LX Technology 2436.HK | Hong Kong | $1.02B | +37% | -4% | 4% | 120.4× | n/a | n/a |
| Foxsemicon Integrated Technology 3413.TW | Taiwan | $778M | -29% | +16% | 13% | 8.6× | n/a | n/a |
| Japan Display 6740.T | Japan | $773M | -74% | -25% | -9% | n/a | n/a | n/a |
| Suzhou Shihua New Material Technology 688093.SS | China | $772M | -43% | -26% | 32% | 9.5× | 7.0% | +27.0% |
| Suzhou K-Hiragawa Electronic Technology 603052.SS | China | $1.03B | -55% | +7% | -10% | n/a | n/a | n/a |
| Kctech 281820.KS | South Korea | $770M | -14% | +19% | 20% | 8.7× | 2.8% | +3.7% |
| Ceres Power CWR.L | United Kingdom | $758M | -63% | -23% | -125% | n/a | n/a | n/a |