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Japanese maker of advanced ceramics, electronic components, semiconductor packages, solar panels and office printers/copiers (Kyocera Document Solutions).
Japanese maker of advanced ceramics, electronic components, semiconductor packages, solar panels and office printers/copiers (Kyocera Document Solutions).
Combines unrelated businesses that share ceramics and materials know-how, from chip packages and components to copiers sold with recurring toner and service income. It holds a significant stake in the telecom operator KDDI, a company founder Kazuo Inamori helped start, and its listed holdings are part of how the group is valued.
In one line: A diversified Japanese materials/electronics conglomerate, part Corning, part Xerox.
Moat: narrow (process know-how, IP / patents). Deep fine-ceramics materials science applied across semiconductor packaging, medical and industrial products.
Headquarters: Kyoto, Japan · Founded: 1959 · Employees: 73,856
Size Kyocera (6971.T) is a Japan Industrials company (Wholesale Distributors) with a market value of $23.4B, the 73rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,800 on 6 Nov 2026.
Performance Over six months the shares gained 3.3%, against -6.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 7.5% over the last twelve months (peer median +8.3%); the operating margin is 5.5% (peer median 9.7%).
Valuation It trades at 22.5× forward earnings against a peer median of 14.4× (6th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 21% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +15 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 6.1 points below its cost of capital (8.7% WACC).
Next results Next results expected around 1 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥2.16T | ¥2.07T | ¥2.01T | ¥2.00T | ¥2.03T |
| Revenue growth | — | +3% | +1% | -1% | — |
| Gross profit | ¥662B | ¥608B | ¥559B | ¥553B | ¥565B |
| EBITDA | ¥277B | ¥253B | ¥188B | ¥250B | ¥278B |
| Net income | ¥159B | ¥141B | ¥24.1B | ¥101B | ¥128B |
| Free cash flow | ¥127B | ¥67.1B | ¥83.3B | ¥121B | ¥2.59B |
| Capital expenditure | ¥157B | ¥173B | ¥168B | ¥160B | ¥187B |
| Total debt | ¥335B | ¥333B | ¥342B | ¥304B | ¥210B |
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 |
|---|---|---|---|---|---|---|
| Kyocera 6971.T | $23.4B | +3% | +7% | 6% | 22.5× | 21.3% |
| Murata Manufacturing 6981.T | $57.1B | -5% | +15% | 20% | 23.0× | 29.8% |
| Tdk 6762.T | $25.4B | -27% | +25% | 10% | 15.0× | 18.2% |
| Ngk 5333.T | $7.43B | -13% | +10% | 16% | 13.1× | 4.4% |
| Xerox XRX | n/a | -61% | n/a | n/a | n/a | 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 | 6971.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -27.5% | +2.1% | lowest of 21 |
| 6-month return | +3.3% | -6.8% | 7th highest of 21 |
| Distance from 52-week high | -30.3% | -21.8% | 6th lowest of 21 |
| Revenue growth (TTM) | +7.5% | +8.3% | 10th lowest of 21 |
| Operating margin | 5.5% | 9.7% | 6th lowest of 21 |
| Forward P/E | 22.5× | 14.4× | 6th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 21.3% | 8.6% | 4th most demanding of 20 |
| Growth delivered (Del g) | +6.3% | +9.1% | 6th lowest of 20 |
| Hurdle (Req g minus delivered) | +15.0 pp | -2.4 pp | 2nd most demanding of 20 |
| ROIC minus cost of capital | -6.1 pp | +3.5 pp | 3rd lowest of 21 |
| EV / EBITDA | 13.1× | 12.6× | 7th most expensive of 16 |
| Net debt / EBITDA | -0.4× | 2.1× | least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Kyocera 6971.T | Japan | $23.4B | +3% | +7% | 6% | 22.5× | 21.3% | +6.3% |
| Aluminum Corporation of China 601600.SS | China | $20.7B | -26% | +5% | 18% | 6.7× | -16.2% | +5.3% |
| Rongsheng Petrochemical 002493.SZ | China | $17.9B | -14% | -11% | 8% | 12.2× | -4.4% | +22.1% |
| Toyota Tsusho 8015.T | Japan | $36.8B | +2% | +25% | 5% | 13.0× | 9.8% | +12.9% |
| WESCO International WCC | United States | $14.2B | -18% | +14% | 6% | 14.1× | 10.4% | +13.8% |
| CMOC 603993.SS | China | $41.0B | -29% | +32% | 20% | 8.7× | -5.4% | +12.8% |
| Diploma DPLM.L | United Kingdom | $12.6B | +4% | +13% | 22% | 27.5× | 23.9% | +23.1% |
| Ferguson Enterprises FERG | United States | $45.2B | -3% | +8% | 10% | 19.4× | 9.9% | +9.1% |
| Bunzl BNZL.L | United Kingdom | $12.0B | +22% | +2% | 7% | 15.3× | 2.3% | +3.2% |
| QXO QXO | United States | $12.0B | -38% | +408% | -1% | 29.2× | 52.0% | +178.0% |
| Rexel RXL.PA | France | $11.9B | -10% | +1% | 6% | 13.5× | 7.7% | +9.0% |
| SGH SGH.AX | Australia | $11.9B | +7% | -1% | 13% | 18.1× | 11.4% | +17.0% |
| Bollore BOL.PA | France | $11.8B | -28% | -83% | -7% | 36.9× | 37.0% | -29.4% |
| Sumitomo 8053.T | Japan | $47.7B | +9% | +6% | 5% | 11.3× | 15.2% | +9.5% |
| Toromont Industries TIH.TO | Canada | $10.7B | -15% | +16% | 15% | 20.2× | 7.6% | +8.4% |
| Applied Industrial Technologies AIT | United States | $10.3B | -8% | +8% | 11% | 23.0× | 8.6% | +8.9% |
| Zhejiang China Commodities City 600415.SS | China | $10.0B | -7% | +22% | 22% | 14.4× | n/a | n/a |
| Brenntag BNR.DE | Germany | $10.0B | 0% | -5% | 5% | 14.5× | 1.9% | +5.2% |
| Fastenal FAST | United States | $60.8B | +20% | +14% | 21% | 38.3× | 14.2% | +7.7% |
| Hotai Motor 2207.TW | Taiwan | $8.90B | +10% | +8% | 11% | 13.2× | 1.5% | +3.9% |
| Core & Main CNM | United States | $8.76B | -6% | -1% | 10% | 14.3× | 5.3% | +16.0% |