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Maker of semiconductor wafer dicing and grinding equipment, plus precision measuring instruments.
Maker of semiconductor wafer dicing and grinding equipment, plus precision measuring instruments.
Sells machines under its Accretech brand, so revenue depends on when chipmakers and packaging firms add capacity. It also makes probers, which test chips on the wafer before they are cut apart. A second line of measuring machines serves car and machinery makers rather than chip plants.
In one line: A niche semiconductor back-end equipment maker like a smaller Disco Corporation.
Moat: narrow (process know-how, customer qualification). Precision dicing/grinding process know-how and qualification inside semiconductor back-end lines.
Headquarters: Hachioji, Japan · Founded: 1949 · Employees: 2,890
Size Tokyo Seimitsu (7729.T) is a Japan Industrials company (Industrial Machinery) with a market value of $3.16B, the 348th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥12,130 on 6 Nov 2026.
Performance Over six months the shares fell 29.2%, against -17.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th lowest of 21 in its peer set.
Growth Revenue grew 16.6% over the last twelve months (peer median +11.8%); the operating margin is 21.6% (peer median 8.5%).
Valuation It trades at 15.2× forward earnings against a peer median of 26.5× (2nd cheapest of 18).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +5 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 4.4 points above its cost of capital (14.2% WACC).
Next results Next results expected around 8 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥182B | ¥167B | ¥151B | ¥135B | ¥147B |
| Revenue growth | — | +11% | +12% | -8% | — |
| Gross profit | ¥77.2B | ¥68.9B | ¥62.5B | ¥54.8B | ¥61.8B |
| EBITDA | ¥45.3B | ¥39.4B | ¥34.9B | ¥30.8B | ¥38.3B |
| Net income | ¥30.6B | ¥24.7B | ¥25.6B | ¥19.4B | ¥23.6B |
| Free cash flow | n/a | ¥14.0B | ¥19.2B | -¥4.95B | -¥7.05B |
| Capital expenditure | n/a | ¥11.6B | ¥10.2B | ¥10.9B | ¥9.06B |
| Total debt | ¥11.8B | ¥14.7B | ¥20.1B | ¥25.2B | ¥14.2B |
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 |
|---|---|---|---|---|---|---|
| Tokyo Seimitsu 7729.T | $3.16B | -29% | +17% | 22% | 15.2× | 16.0% |
| Disco 6146.T | $28.1B | -45% | +22% | 44% | 23.2× | 25.4% |
| Tokyo Electron 8035.T | $122B | +41% | +18% | 28% | 23.1× | 28.8% |
| Ebara 6361.T | $9.28B | -40% | +9% | 11% | 14.5× | n/a |
| Applied Materials AMAT | $264B | -24% | +8% | 31% | 18.8× | 25.5% |
| Hexagon HEXA-B.ST | $29.4B | +14% | -20% | -14% | 30.0× | 9.1% |
| Renishaw RSW.L | $4.61B | -7% | +14% | 16% | 18.5× | 24.8% |
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 | 7729.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -40.7% | -7.7% | 2nd lowest of 21 |
| 6-month return | -29.2% | -17.4% | 6th lowest of 21 |
| Distance from 52-week high | -43.1% | -41.2% | 10th lowest of 21 |
| Revenue growth (TTM) | +16.6% | +11.8% | 9th highest of 21 |
| Operating margin | 21.6% | 8.5% | 3rd highest of 21 |
| Forward P/E | 15.2× | 26.5× | 2nd cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 16.0% | 17.9% | 7th least demanding of 13 |
| Growth delivered (Del g) | +11.4% | +9.9% | 6th highest of 13 |
| Hurdle (Req g minus delivered) | +4.6 pp | +9.4 pp | 5th least demanding of 13 |
| ROIC minus cost of capital | +4.4 pp | +0.0 pp | 6th highest of 21 |
| EV / EBITDA | 9.8× | 22.3× | cheapest of 11 |
| Net debt / EBITDA | -1.3× | -0.0× | 3rd least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Tokyo Seimitsu 7729.T | Japan | $3.16B | -29% | +17% | 22% | 15.2× | 16.0% | +11.4% |
| Shenzhen Zhaowei Machinery & Electronics 2692.HK | Hong Kong | $3.16B | -52% | +5% | 9% | 34.8× | 33.0% | +6.8% |
| Infore Environment Technology 000967.SZ | China | $3.14B | -53% | +20% | 8% | 26.5× | -0.8% | -0.7% |
| Takasago Thermal Engineering 1969.T | Japan | $3.13B | -21% | +2% | 11% | 10.8× | 3.8% | +9.0% |
| SIASUN Robot & Automation 300024.SZ | China | $3.12B | -11% | +11% | -7% | 235.7× | n/a | n/a |
| Jack Technology 603337.SS | China | $3.09B | +15% | +13% | 10% | 22.8× | 4.2% | +13.3% |
| Carel Industries CRL.MI | Italy | $3.24B | -11% | +17% | 15% | 30.5× | 23.3% | +13.7% |
| AIA Engineering AIAENG.NS | India | $3.08B | -22% | +7% | 24% | 22.8× | 20.4% | +9.1% |
| Formosa Sumco Technology 3532.TW | Taiwan | $3.01B | +12% | +9% | 4% | 50.5× | n/a | n/a |
| Bozhon Precision Industry Technology 688097.SS | China | $3.00B | -23% | +74% | 7% | 23.6× | n/a | n/a |
| SINOMACH Heavy Equipment 601399.SS | China | $3.33B | -28% | 0% | 4% | n/a | n/a | n/a |
| Kaori Heat Treatment 8996.TW | Taiwan | $3.34B | -1% | +108% | 16% | 42.6× | 46.0% | +25.9% |
| Catcher Technology 2474.TW | Taiwan | $2.99B | -14% | -18% | 10% | 16.3× | 12.4% | -25.7% |
| Moon Environment Technology 000811.SZ | China | $3.34B | -10% | +27% | 10% | 25.8× | 20.9% | +11.8% |
| China First Heavy Industries 601106.SS | China | $2.98B | -36% | 0% | 0% | n/a | n/a | n/a |
| Worthington Enterprises WOR | United States | $2.98B | +11% | +18% | 6% | 15.7× | 24.7% | -15.3% |
| Jiangsu Lettall Electronic 603629.SS | China | $3.41B | -40% | +27% | 34% | n/a | 4.8% | +15.0% |
| Guangdong Shenling Environmental Systems 301018.SZ | China | $3.42B | -27% | +45% | 5% | 64.8× | n/a | n/a |
| Blue Star BLUESTARCO.NS | India | $3.43B | -10% | +9% | 5% | 56.0× | n/a | n/a |
| Kadant KAI | United States | $3.46B | -14% | +17% | 16% | 21.7× | 15.5% | +10.6% |
| Thermax THERMAX.NS | India | $3.46B | -34% | +5% | 6% | 43.6× | n/a | n/a |