Loading…
← CockpitCompetitor Analysis › 6995.T Tokai Rika Co., Ltd.Open in the cockpit ↗

Tokai Rika Co., Ltd.6995.TCompetitor analysis, valuation and peers

Japan · JPY·Consumer Discretionary›Auto Parts: OEM

Maker of automotive switches, sensors and safety systems (seatbelts, keyless entry), part of the Toyota group.

≈ A Toyota-group auto-electronics/safety supplierMomentum neutral 45
Mkt cap
$1.57B
US dollars, full cap
Free float
56%
of shares outstanding
$/day
$4.29M
20-day average traded
Fwd P/E
9.9×
forward earnings
ROIC−WACC
-1.2 pp
WACC 8.7%
Hurdle
-13 pp
Req g minus delivered
Next earnings
90 days
4 Feb 2027
Close · JPY¥2,877
1D-4.4%
1W+2.0%
1M-6.1%
3M-4.9%
6M-0.5%
YTD-7.6%
1Y+7.7%
ATR %3.2%
52w lowhigh16.5% off high

What Tokai Rika does

Maker of automotive switches, sensors and safety systems (seatbelts, keyless entry), part of the Toyota group.

Sells parts to automakers, with Toyota group companies the main buyers and Toyota Motor itself a major shareholder, so volumes follow Toyota's production plans. Parts are chosen years before a model launches and then supplied for its life.

In one line: A Toyota-group auto-electronics/safety supplier.

Products and services

  • Switches/HMI components
  • Seatbelts/safety systems
  • Keyless entry/smart key systems

Customers

  • Toyota and other global automakers

Where it sits in the supply chain

  • Consumer Discretionary
  • Auto parts
  • Switches, sensors & safety systems

What could go right

  • Vehicle safety-content growth
  • Automotive electronics content increase

What could go wrong

  • Automotive production cyclicality
  • Customer concentration in Toyota group

Moat: narrow (customer qualification, process know-how). Long-standing Toyota-group supply ties for safety-critical switch and seatbelt systems.

Headquarters: Aichi, Japan · Founded: 1948 · Employees: 19,381

Named competitors

Tokai Rika at a glance

Size Tokai Rika (6995.T) is a Japan Consumer Discretionary company (Auto Parts: OEM) with a market value of $1.57B, the 557th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,877 on 6 Nov 2026.

Performance Over six months the shares fell 0.5%, against -22.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 4th highest of 21 in its peer set.

Growth Revenue grew 5.5% over the last twelve months (peer median +9.5%); the operating margin is 4.8% (peer median 6.6%).

Valuation It trades at 9.9× forward earnings against a peer median of 13.0× (7th cheapest of 19).

Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -13 pp: the price already allows for a slowdown.

Capital Return on invested capital runs 1.2 points below its cost of capital (8.7% WACC).

Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).

Relative performance

8010012011 May 202611 Aug 20266 Nov 20266995.T 101Peer median 75
Six months, rebased to 100: Tokai Rika against the median of its 20 peers (local-currency closes).

Tokai Rika financials

Reported figures in JPY; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue¥663B¥645B¥618B¥624B¥553B
Revenue growth—+4%-1%+13%—
Gross profit¥92.2B¥91.9B¥89.7B¥91.6B¥64.9B
EBITDA¥56.3B¥59.0B¥56.1B¥48.9B¥36.6B
Net income¥19.9B¥29.5B¥26.0B¥24.9B¥10.4B
Free cash flown/a¥8.52B¥8.57B¥26.4B¥4.22B
Capital expendituren/a¥35.2B¥30.6B¥26.9B¥22.6B
Total debt¥10.0B¥12.1B¥11.1B¥11.2B¥11.0B

Quarterly statements and history in the cockpit →

Tokai Rika competitor charts

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.

Performance: 6-month against 1-month return

-40%-20%0%+20%+40%-20%-10%0%+10%0179THRM005850OPMLUMAXTECH002896007340CIEINDIASEDEMAC6004801316GEST600458300100MINDACORPTENNIND60015113193009266995.T6-month return →1-month return →
Up and to the right = strong over both horizons. Tokai Rika is the large dot.

Fundamentals: revenue growth against valuation

0%+20%+40%+60%0×50×100×0179THRM005850OPMLUMAXTECH002896CIEINDIASEDEMAC600480600458300100MINDACORPTENNIND13193009260029066995.TRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Tokai Rika is the large dot.

Capital: growth delivered against growth the price implies

-20%0%+20%-20%0%20%0179THRM005850OPMLUMAXTECH007340CIEINDIA6004801316GEST300100MINDACORPTENNIND6001516995.TGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Tokai Rika is the large dot.

Tokai Rika competitors and peer comparison

Head to head with its named competitors (6995.T vs ALV vs 6902.T vs 7259.T)
CompanyMarket cap6M returnRevenue growthOp. marginForward P/EReq g
Tokai Rika 6995.T$1.57B0%+5%5%9.9×-4.6%
Autoliv ALV$8.89B+2%+4%10%11.0×2.6%
Denso 6902.T$32.5B-1%+7%7%12.1×3.4%
Aisin 7259.T$9.78B-14%+6%4%10.0×-0.3%

How Tokai Rika compares with its peers

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.

Tokai Rika against its 20 peers (data as of 6 Nov 2026)
Measure6995.TPeer medianRank in peer set
1-month return-6.1%-5.2%10th lowest of 21
6-month return-0.5%-22.4%4th highest of 21
Distance from 52-week high-16.5%-40.3%3rd highest of 21
Revenue growth (TTM)+5.5%+9.5%9th lowest of 21
Operating margin4.8%6.6%10th lowest of 21
Forward P/E9.9×13.0×7th cheapest of 19
Growth the price implies (Req g, 7 yrs)-4.6%-5.7%8th most demanding of 16
Growth delivered (Del g)+7.9%+8.8%6th lowest of 16
Hurdle (Req g minus delivered)-12.6 pp-13.6 pp8th most demanding of 16
ROIC minus cost of capital-1.2 pp+0.5 pp7th lowest of 21
EV / EBITDA3.0×6.8×4th cheapest of 14
Net debt / EBITDA-1.8×0.9×least indebted of 14

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Tokai Rika 6995.TJapan$1.57B0%+5%5%9.9×-4.6%+7.9%
Johnson Electric 0179.HKHong Kong$1.56B-53%0%8%10.8×-16.4%+3.1%
Gentherm THRMUnited States$1.55B-7%+9%5%9.8×21.7%+10.4%
Slcorp 005850.KSSouth Korea$1.54B-25%+10%8%5.7×-19.7%+15.9%
OPmobility OPM.PAFrance$1.51B-42%-3%4%8.2×-8.1%+7.6%
Lumax Auto Technologies LUMAXTECH.NSIndia$1.68B+36%+33%10%37.2×34.9%+34.5%
Ningbo Zhongda Leader Intelligent Transmission 002896.SZChina$1.69B-18%+22%4%132.1×n/an/a
Dn Automotive 007340.KSSouth Korea$1.46B-20%+17%15%n/a-16.2%+35.6%
CIE Automotive India CIEINDIA.NSIndia$1.42B-26%+12%11%12.2×8.6%+9.2%
SEDEMAC Mechatronics SEDEMAC.NSIndia$1.42B+56%+61%15%73.8×n/an/a
Lingyun Industrial 600480.SSChina$1.41B-25%+3%5%17.1×-12.3%+8.0%
Nexteer Automotive 1316.HKHong Kong$1.40B-14%+6%4%8.5×-13.5%+8.7%
Gestamp Automocion GEST.MCSpain$1.77B-13%-3%5%7.3×-5.7%+8.8%
Zhuzhou Times New Materials Technology 600458.SSChina$1.39B-17%+1%2%14.7×n/an/a
Shuanglin 300100.SZChina$1.80B-27%-11%4%32.6×25.5%+8.9%
Minda MINDACORP.NSIndia$1.80B+33%+33%8%37.6×32.0%+21.3%
Tenneco Clean Air India TENNIND.NSIndia$1.81B-35%+22%14%24.9×14.4%+3.8%
Shanghai Aerospace Automobile Electromechanical 600151.SSChina$1.83B-41%-19%-10%n/a34.7%-9.9%
Tong Yang Industry 1319.TWTaiwan$1.35B-1%-12%15%10.9×-5.9%+7.7%
Jiangsu Bojun Industrial Technology 300926.SZChina$1.35B-31%+54%13%9.0×n/an/a
Foryou 002906.SZChina$1.87B-25%+28%5%13.9×n/an/a

Questions

Who are Tokai Rika's main competitors?
Named competitors: Autoliv (ALV), Denso Corporation (6902.T), Aisin Corporation (7259.T). The cockpit's measured peer set (industry) also includes Johnson Electric (0179.HK), Gentherm (THRM), Slcorp (005850.KS), OPmobility (OPM.PA), Lumax Auto Technologies (LUMAXTECH.NS), Ningbo Zhongda Leader Intelligent Transmission (002896.SZ).
Is Tokai Rika expensive compared with its peers?
On forward p/e it trades at 9.9× against a peer median of 13.0×, 7th cheapest of 19 in its peer set. For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -13 pp: the price already allows for a slowdown.
How has Tokai Rika stock performed?
Over six months to 6 Nov 2026 the shares returned -0.5% against -22.4% for the median peer; over one year +7.7%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.