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Japanese watchmaker (Citizen) that also makes precision CNC machine tools and electronic devices like crystal oscillators.
Japanese watchmaker (Citizen) that also makes precision CNC machine tools and electronic devices like crystal oscillators.
Watches carry the group, sold under Citizen and acquired brands such as Bulova and Frederique Constant, and it also makes Miyota movements, the mechanisms inside watches, which other brands buy. Precision automatic lathes sell to parts makers whose orders swing with factory investment, which makes that line cyclical.
In one line: Japan's Fossil, plus a precision-machinery side business.
Moat: narrow (brand, process know-how). Citizen brand recognition in watches plus niche small-diameter CNC lathe expertise.
Headquarters: Tokyo, Japan · Founded: 1918 · Employees: 12,147
Size Citizen Watch (7762.T) is a Japan Information Technology company (Electronic Components) with a market value of $2.90B, the 372nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,874 on 6 Nov 2026.
Performance Over six months the shares gained 3.4%, against -30.6% for the median peer and +1.8% for the Japan market (cap-weighted) — highest of 20 in its peer set.
Growth Revenue grew 16.9% over the last twelve months (peer median +27.6%); the operating margin is 9.6% (peer median 14.6%).
Valuation It trades at 12.8× forward earnings against a peer median of 34.6× (2nd cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 10% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.4 points below its cost of capital (10.3% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥370B | ¥347B | ¥317B | ¥313B | ¥301B |
| Revenue growth | — | +9% | +1% | +4% | — |
| Gross profit | ¥161B | ¥144B | ¥129B | ¥127B | ¥118B |
| EBITDA | ¥50.3B | ¥44.6B | ¥34.2B | ¥37.2B | ¥34.8B |
| Net income | ¥30.8B | ¥31.1B | ¥23.9B | ¥23.0B | ¥21.8B |
| Free cash flow | n/a | ¥17.6B | ¥18.7B | ¥18.6B | ¥1.49B |
| Capital expenditure | n/a | ¥23.8B | ¥19.6B | ¥17.9B | ¥16.6B |
| Total debt | ¥66.0B | ¥68.0B | ¥70.0B | ¥81.4B | ¥71.0B |
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 |
|---|---|---|---|---|---|---|
| Citizen Watch 7762.T | $2.90B | +3% | +17% | 10% | 12.8× | 10.1% |
| Seiko 8050.T | $4.71B | +54% | +16% | 11% | 21.0× | 24.4% |
| Casio Computer 6952.T | $2.74B | +24% | +12% | 11% | 15.9× | 0.2% |
| Swatch Group Ltd. Bearer UHR.SW | $11.3B | -13% | 0% | 2% | 43.1× | 21.6% |
| Dmg Mori 6141.T | $2.53B | -13% | +20% | 4% | 23.5× | 12.9% |
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 | 7762.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -24.7% | -18.2% | 9th lowest of 21 |
| 6-month return | +3.4% | -30.6% | highest of 20 |
| Distance from 52-week high | -35.8% | -53.5% | 3rd highest of 21 |
| Revenue growth (TTM) | +16.9% | +27.6% | 9th lowest of 21 |
| Operating margin | 9.6% | 14.6% | 8th lowest of 21 |
| Forward P/E | 12.8× | 34.6× | 2nd cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 10.1% | 23.4% | 2nd least demanding of 11 |
| Growth delivered (Del g) | +10.9% | +7.2% | 4th highest of 11 |
| Hurdle (Req g minus delivered) | -0.8 pp | +15.7 pp | 4th least demanding of 11 |
| ROIC minus cost of capital | -1.4 pp | -1.1 pp | 11th highest of 21 |
| EV / EBITDA | 8.5× | 18.0× | 2nd cheapest of 7 |
| Net debt / EBITDA | -0.8× | -1.9× | 4th most indebted of 8 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Citizen Watch 7762.T | Japan | $2.90B | +3% | +17% | 10% | 12.8× | 10.1% | +10.9% |
| Bel Fuse BELFA | United States | $2.87B | -38% | +21% | 17% | 13.5× | 18.0% | +7.7% |
| China Zhenhua (Group) Science & Technology 000733.SZ | China | $2.93B | -17% | -1% | 14% | 23.3× | 4.0% | +7.8% |
| MLOPTIC 688502.SS | China | $2.78B | -26% | +44% | 5% | 204.0× | n/a | n/a |
| VisEra Technologies 6789.TW | Taiwan | $3.16B | -46% | -5% | 14% | 49.7× | 44.5% | +5.2% |
| Shenzhen JOVE Enterprise 300814.SZ | China | $2.65B | -14% | +44% | 7% | n/a | n/a | n/a |
| Knowles KN | United States | $2.65B | -11% | +16% | 15% | 19.1× | 26.3% | -4.9% |
| Primarius Technologies 688206.SS | China | $2.63B | -2% | +30% | -9% | 331.6× | n/a | n/a |
| FIT Hon Teng 6088.HK | Hong Kong | $2.63B | -67% | +11% | 5% | 10.5× | n/a | n/a |
| Daeduck Electronics 353200.KS | South Korea | $2.61B | -37% | +56% | 16% | 15.0× | 15.3% | +11.8% |
| INESA Intelligent Tech 600602.SS | China | $2.60B | -31% | -2% | 2% | 71.9× | 32.7% | +6.7% |
| Optowide Technologies 688195.SS | China | $2.57B | -60% | +68% | 17% | 100.1× | n/a | n/a |
| Shanghai Precilasers Technology 688826.SS | China | $3.27B | n/a | +43% | 40% | n/a | n/a | n/a |
| Castech 002222.SZ | China | $3.28B | -46% | +40% | 32% | 56.7× | n/a | n/a |
| Zhejiang Lante Optics 688127.SS | China | $2.56B | -45% | +59% | 31% | 27.8× | 20.5% | +28.5% |
| Aoshikang Technology 002913.SZ | China | $2.52B | +2% | +25% | 10% | 34.0× | n/a | n/a |
| Isupetasys 007660.KS | South Korea | $3.36B | -59% | +42% | 20% | 16.4× | n/a | n/a |
| HONG RI DA Technology 301285.SZ | China | $2.50B | -22% | +14% | -13% | 424.7× | n/a | n/a |
| Pantum Technology 002180.SZ | China | $3.39B | -16% | -59% | 0% | 69.9× | 30.6% | -4.8% |
| Zhuzhou Hongda Electronics 300726.SZ | China | $2.43B | -20% | +11% | 26% | 35.2× | 27.3% | +6.1% |
| EZconn 6442.TW | Taiwan | $2.40B | -51% | +30% | 27% | 16.2× | 15.3% | +34.3% |