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Japanese maker of adhesive and functional films/labels used in electronics, packaging and optical displays.
Japanese maker of adhesive and functional films/labels used in electronics, packaging and optical displays.
Coats and bonds papers and films sold by the roll, so orders repeat with customers' output. Its tapes used to hold chip wafers during grinding and cutting tie it to semiconductor production, while label stock ties it to consumer-goods packaging.
In one line: Japan's Avery Dennison.
Moat: narrow (process know-how, customer qualification). Coating/adhesive formulation know-how qualified into electronics and packaging supply chains.
Headquarters: Tokyo, Japan · Founded: 1934 · Employees: 5,237
Size Lintec (7966.T) is a Japan Materials company (Industrial Specialties) with a market value of $1.87B, the 508th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,320 on 6 Nov 2026.
Performance Over six months the shares fell 14.1%, against -1.9% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 2.7% over the last twelve months (peer median +12.1%); the operating margin is 8.1% (peer median 10.0%).
Valuation It trades at 12.2× forward earnings against a peer median of 24.1× (4th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.2 points above its cost of capital (8.3% WACC).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥325B | ¥319B | ¥316B | ¥276B | ¥285B |
| Revenue growth | — | +1% | +14% | -3% | — |
| Gross profit | ¥83.6B | ¥79.0B | ¥77.4B | ¥59.2B | ¥61.1B |
| EBITDA | ¥43.8B | ¥42.3B | ¥41.9B | ¥26.5B | ¥28.7B |
| Net income | ¥19.0B | ¥17.4B | ¥14.5B | ¥5.24B | ¥11.5B |
| Free cash flow | ¥17.3B | ¥18.8B | ¥9.95B | ¥24.8B | -¥6.61B |
| Capital expenditure | ¥15.2B | ¥15.2B | ¥24.1B | ¥14.9B | ¥13.7B |
| Total debt | ¥6.78B | ¥9.35B | ¥12.7B | ¥14.5B | ¥2.56B |
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 |
|---|---|---|---|---|---|---|
| Lintec 7966.T | $1.87B | -14% | +3% | 8% | 12.2× | 1.5% |
| Avery Dennison AVY | $14.1B | +14% | +7% | 13% | 17.4× | 1.9% |
| 3M MMM | $95.7B | +30% | +2% | 21% | 19.2× | 11.3% |
| Nitto Denko 6988.T | $13.2B | +10% | +7% | 18% | 15.1× | 2.3% |
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 | 7966.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -28.5% | -14.2% | 3rd lowest of 21 |
| 6-month return | -14.1% | -1.9% | 8th lowest of 21 |
| Distance from 52-week high | -41.3% | -30.2% | 8th lowest of 21 |
| Revenue growth (TTM) | +2.7% | +12.1% | 5th lowest of 21 |
| Operating margin | 8.1% | 10.0% | 8th lowest of 21 |
| Forward P/E | 12.2× | 24.1× | 4th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 1.5% | 21.3% | 6th least demanding of 18 |
| Growth delivered (Del g) | +6.2% | +10.4% | 6th lowest of 18 |
| Hurdle (Req g minus delivered) | -4.8 pp | +2.3 pp | 8th least demanding of 18 |
| ROIC minus cost of capital | +0.2 pp | +1.2 pp | 10th lowest of 21 |
| EV / EBITDA | 5.7× | 10.3× | 2nd cheapest of 12 |
| Net debt / EBITDA | -1.1× | -0.2× | 6th least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Lintec 7966.T | Japan | $1.87B | -14% | +3% | 8% | 12.2× | 1.5% | +6.2% |
| Gansu Energy Chemical 000552.SZ | China | $1.86B | -19% | +11% | 3% | 33.4× | n/a | n/a |
| KCC 002380.KS | South Korea | $1.91B | -34% | 0% | 6% | 2.1× | 3.8% | +5.0% |
| Zhejiang Runtu 002440.SZ | China | $1.77B | -1% | +23% | 17% | 8.5× | -5.5% | +2.0% |
| Olin OLN | United States | $1.97B | -36% | -1% | 0% | n/a | 44.0% | +3.3% |
| Triumph Science & Technology 600552.SS | China | $1.76B | -20% | +12% | 5% | 65.5× | 21.3% | +3.1% |
| Explosive 002096.SZ | China | $1.74B | -14% | -3% | 9% | 12.8× | -2.5% | +37.7% |
| Anhui Jiangnan Chemical Industry 002226.SZ | China | $2.07B | -3% | +13% | 11% | 16.8× | -3.0% | +20.5% |
| Aica Kogyo 4206.T | Japan | $1.68B | +19% | +5% | 12% | 12.6× | -7.0% | +7.6% |
| Kansai Nerolac Paints KANSAINER.NS | India | $1.67B | -7% | +10% | 9% | 22.1× | 22.1% | +9.7% |
| Carborundum Universal CARBORUNIV.NS | India | $2.10B | +4% | +12% | 7% | 44.5× | 43.4% | +14.6% |
| Kunshan Dongwei Technology 688700.SS | China | $1.64B | -40% | +56% | 13% | 34.2× | 23.1% | +14.5% |
| Zhejiang Fulai New Material 605488.SS | China | $2.21B | +47% | +19% | 2% | 134.6× | 31.8% | +17.6% |
| Jiangsu Shemar Electric 603530.SS | China | $2.23B | -44% | +17% | 29% | 26.2× | 23.4% | +21.1% |
| Suzhou Kingswood Education Technology 300192.SZ | China | $1.55B | +24% | -6% | 12% | 59.3× | 44.2% | -2.3% |
| Grindwell Norton GRINDWELL.NS | India | $2.25B | +16% | +14% | 16% | 39.5× | 37.8% | +13.4% |
| C. Uyemura & 4966.T | Japan | $1.54B | -34% | +16% | 23% | 14.0× | 5.0% | +10.4% |
| Henan Huanghe Whirlwind 600172.SS | China | $2.27B | +29% | +13% | -30% | n/a | n/a | n/a |
| Graphite India GRAPHITE.NS | India | $1.50B | 0% | +22% | 9% | 21.8× | n/a | n/a |
| Zeon 4205.T | Japan | $2.34B | +6% | +4% | 11% | 9.1× | -1.5% | +6.4% |
| UFP Technologies UFPT | United States | $2.35B | +32% | +9% | 15% | 28.3× | 17.8% | +27.4% |