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Maker of gas-detection instruments used for industrial safety in factories, mining and confined-space work.
Maker of gas-detection instruments used for industrial safety in factories, mining and confined-space work.
Makes its own gas sensors as well as the instruments, and because detectors need regular calibration and sensor replacement, service and spare parts bring repeat business after the first sale. Legal requirements to monitor gases at plants and work sites support steady demand.
In one line: A smaller, Japan-based MSA Safety for gas detection.
Moat: narrow (IP / patents, regulatory licence). Safety-certification requirements and sensor IP support a defensible niche position.
Headquarters: Tokyo, Japan · Founded: 1938 · Employees: 1,465
Size Riken Keiki (7734.T) is a Japan Information Technology company (Electronic Equipment/Instruments) with a market value of $930M, the 762nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,125 on 6 Nov 2026.
Performance Over six months the shares fell 7.0%, against -17.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 6th highest of 20 in its peer set.
Growth Revenue grew 10.7% over the last twelve months (peer median +4.8%); the operating margin is 22.0% (peer median 4.8%).
Valuation It trades at 13.8× forward earnings against a peer median of 22.1× (2nd cheapest of 11).
Price implies For today's price to make sense, revenue must grow about 3% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 5.1 points above its cost of capital (9.3% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥56.9B | ¥55.2B | ¥49.0B | ¥45.6B | ¥45.0B |
| Revenue growth | — | +13% | +8% | +1% | — |
| Gross profit | ¥27.5B | ¥26.5B | ¥23.9B | ¥22.8B | ¥22.6B |
| EBITDA | ¥14.5B | ¥14.5B | ¥12.7B | ¥13.4B | ¥13.5B |
| Net income | ¥10.2B | ¥9.96B | ¥8.01B | ¥8.38B | ¥8.67B |
| Free cash flow | n/a | ¥9.62B | ¥5.46B | ¥65.3M | ¥4.14B |
| Capital expenditure | n/a | ¥2.82B | ¥1.85B | ¥2.63B | ¥1.11B |
| Total debt | ¥1.98B | ¥3.87B | ¥3.33B | ¥3.20B | ¥3.11B |
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 |
|---|---|---|---|---|---|---|
| Riken Keiki 7734.T | $930M | -7% | +11% | 22% | 13.8× | 2.6% |
| MSA Safety MSA | $6.55B | 0% | +8% | 22% | 17.5× | 8.3% |
| Honeywell Technologies HON | $69.8B | -1% | -17% | 18% | 23.2× | 4.1% |
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 | 7734.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.7% | -9.3% | 8th lowest of 21 |
| 6-month return | -7.0% | -17.4% | 6th highest of 20 |
| Distance from 52-week high | -20.5% | -44.9% | 2nd highest of 21 |
| Revenue growth (TTM) | +10.7% | +4.8% | 9th highest of 21 |
| Operating margin | 22.0% | 4.8% | highest of 21 |
| Forward P/E | 13.8× | 22.1× | 2nd cheapest of 11 |
| Growth the price implies (Req g, 7 yrs) | 2.6% | 19.8% | 2nd least demanding of 8 |
| Growth delivered (Del g) | +11.4% | +12.2% | 4th lowest of 8 |
| Hurdle (Req g minus delivered) | -8.8 pp | +7.6 pp | 3rd least demanding of 8 |
| ROIC minus cost of capital | +5.1 pp | -5.9 pp | 3rd highest of 21 |
| EV / EBITDA | 8.3× | 24.5× | 2nd cheapest of 4 |
| Net debt / EBITDA | -1.9× | -0.4× | least indebted of 4 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Riken Keiki 7734.T | Japan | $930M | -7% | +11% | 22% | 13.8× | 2.6% | +11.4% |
| Sidea Semiconductor Equipment (Shenzhen) 301629.SZ | China | $924M | -39% | -27% | 0% | 147.2× | n/a | n/a |
| Jiangsu Wuyang Automation Control Technology 300420.SZ | China | $921M | +51% | -10% | 5% | n/a | n/a | n/a |
| Toshiba Tec 6588.T | Japan | $918M | -2% | +7% | 3% | 11.3× | n/a | n/a |
| RoboSense Technology Company 2498.HK | Hong Kong | $914M | -55% | +32% | -22% | n/a | n/a | n/a |
| Feitian Technologies 300386.SZ | China | $909M | -17% | -20% | -20% | n/a | n/a | n/a |
| Transcat TRNS | United States | $955M | +33% | +20% | 5% | 45.0× | 30.3% | +13.9% |
| Suzhou Sushi Testing 300416.SZ | China | $957M | -26% | +8% | 15% | 23.0× | 2.6% | +13.7% |
| Park Systems 140860.KS | South Korea | $965M | -35% | -6% | 12% | 30.3× | n/a | n/a |
| Wuxi Xinje Electric 603416.SS | China | $984M | -22% | +26% | 9% | 21.1× | 19.8% | +12.2% |
| Rigol Technologies 0537.HK | Hong Kong | $989M | n/a | +33% | 9% | 21.2× | 35.8% | +19.6% |
| Fujian Acetron New Materials 300706.SZ | China | $873M | -11% | +19% | 3% | n/a | n/a | n/a |
| Camelot Electronics Technology 301282.SZ | China | $992M | +12% | +58% | 7% | n/a | n/a | n/a |
| Xi'an Manareco New Materials 688550.SS | China | $850M | -19% | -2% | 13% | 15.6× | 7.4% | +9.8% |
| Shanghai Ruking Technologies 301525.SZ | China | $838M | -13% | -2% | 1% | 43.8× | n/a | n/a |
| Dianguang Explosion-proof Technology 002730.SZ | China | $832M | -54% | -6% | 6% | n/a | n/a | n/a |
| Asia Optical 3019.TW | Taiwan | $1.04B | -14% | +13% | 10% | 16.2× | 0.1% | +10.9% |
| Evolv Technologies EVLV | United States | $826M | -35% | +42% | -20% | n/a | n/a | n/a |
| Wuhan Zhongyuan Huadian Science & Technology 300018.SZ | China | $825M | -17% | +3% | 17% | n/a | 25.8% | +10.0% |
| Henan Yicheng New Energy 300080.SZ | China | $1.05B | -17% | -13% | -21% | n/a | n/a | n/a |
| Anhui Landun Photoelectron 300862.SZ | China | $814M | +31% | -27% | -23% | n/a | n/a | n/a |