Loading…
Japanese trading company distributing steel products, machinery and construction materials, based in Toyama.
Japanese trading company distributing steel products, machinery and construction materials, based in Toyama.
In one line: A regional steel-and-building-materials trading house.
Moat: none (distribution). Regional distribution relationships, but trading margins are thin and the business is not highly differentiated.
Headquarters: Toyama, Japan · Founded: 1918 · Employees: 2,102
Size Mitani (8066.T) is a Japan Industrials company (Wholesale Distributors) with a market value of $1.45B, the 585th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,695 on 6 Nov 2026.
Performance Over six months the shares gained 4.1%, against -4.7% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th highest of 20 in its peer set.
Growth Revenue grew 0.6% over the last twelve months (peer median +7.0%); the operating margin is 9.7% (peer median 7.9%).
Valuation It trades at 0.3× enterprise value to sales against a peer median of 1.4× (3rd cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -12% a year for seven years (Req g). Recent delivered growth is -3%, so the hurdle is -9 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 13.0 points above its cost of capital (9.5% WACC).
Next results Next results expected around 12 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥341B | ¥339B | ¥339B | ¥325B | ¥320B |
| Revenue growth | — | 0% | +4% | +1% | — |
| Gross profit | ¥63.6B | ¥60.6B | ¥58.4B | ¥52.0B | ¥47.6B |
| EBITDA | ¥38.8B | ¥38.0B | ¥37.0B | ¥31.6B | ¥27.0B |
| Net income | ¥24.2B | ¥23.5B | ¥19.0B | ¥18.2B | ¥14.9B |
| Free cash flow | n/a | ¥21.6B | ¥20.9B | ¥27.0B | ¥18.0B |
| Capital expenditure | n/a | ¥6.30B | ¥4.50B | ¥4.59B | ¥2.57B |
| Total debt | ¥10.1B | ¥9.45B | ¥8.60B | ¥7.28B | ¥8.86B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Mitani 8066.T | $1.45B | +4% | +1% | 10% | 0.3× | -12.2% |
| Hanwa 8078.T | $2.29B | +7% | +6% | 2% | 0.2× | -4.2% |
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 | 8066.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -22.2% | -1.1% | 3rd lowest of 21 |
| 6-month return | +4.1% | -4.7% | 8th highest of 20 |
| Distance from 52-week high | -26.8% | -33.7% | 8th highest of 21 |
| Revenue growth (TTM) | +0.6% | +7.0% | 7th lowest of 21 |
| Operating margin | 9.7% | 7.9% | 9th highest of 21 |
| EV / Sales | 0.3× | 1.4× | 3rd cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -12.2% | 6.1% | 3rd least demanding of 17 |
| Growth delivered (Del g) | -3.1% | +9.2% | 4th lowest of 17 |
| Hurdle (Req g minus delivered) | -9.1 pp | -6.1 pp | 7th least demanding of 17 |
| ROIC minus cost of capital | +13.0 pp | +0.3 pp | 3rd highest of 20 |
| EV / EBITDA | 3.1× | 11.6× | cheapest of 13 |
| Net debt / EBITDA | -3.4× | 0.9× | 2nd least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Mitani 8066.T | Japan | $1.45B | +4% | +1% | 10% | 0.3× | -12.2% | -3.1% |
| ZheJiang Dong Ri 600113.SS | China | $1.48B | -46% | -1% | 16% | 13.1× | 38.5% | +7.6% |
| Minmetals Development 600058.SS | China | $1.40B | -22% | -16% | 1% | 0.4× | 20.4% | -4.7% |
| ADI Global Distribution ADIG | United States | $1.39B | n/a | +14% | 4% | 0.4× | n/a | n/a |
| Hour Glass AGS.SI | Singapore | $1.38B | +10% | +18% | 15% | 1.3× | -8.7% | +12.5% |
| Electrolux Professional EPRO-B.ST | Sweden | $1.52B | +20% | -4% | 10% | 1.4× | 4.9% | +10.9% |
| Shanghai Luoman Technologies 605289.SS | China | $1.35B | -45% | +170% | 13% | 3.6× | 36.2% | +25.7% |
| Xinjiang Zhongtai Chemical 002092.SZ | China | $1.57B | -41% | +7% | 3% | 1.4× | -4.2% | -19.5% |
| Taikisha 1979.T | Japan | $1.32B | -5% | -1% | 8% | 0.5× | -13.3% | +7.2% |
| Inabata & 8098.T | Japan | $1.31B | +6% | +5% | 3% | 0.3× | -7.8% | +7.6% |
| Hillman Solutions HLMN | United States | $1.62B | +6% | +6% | 6% | 1.6× | 17.9% | +2.6% |
| Distribution Solutions DSGR | United States | $1.62B | +27% | +6% | 4% | 1.2× | 15.5% | +41.3% |
| Gansu Guofang Industry & Trade (Group) 601086.SS | China | $1.27B | +42% | +17% | 7% | 9.3× | 33.6% | -4.8% |
| Redox RDX.AX | Australia | $1.22B | +2% | +7% | 11% | 1.3× | -7.8% | +10.8% |
| Norinco International Cooperation 000065.SZ | China | $1.72B | -23% | -21% | 9% | 1.0× | -5.1% | +1.1% |
| Anhui Xinhua Media 601801.SS | China | $1.72B | -3% | -16% | 4% | 0.3× | n/a | n/a |
| Arteche Lantegi Elkartea ART.MC | Spain | $1.77B | -36% | +11% | 14% | 3.1× | 7.2% | +13.9% |
| AGTech 8279.HK | Hong Kong | $1.78B | +109% | +24% | 8% | 10.2× | -14.9% | +36.3% |
| Chengdu Haoneng Technology 603809.SS | China | $1.16B | -23% | +18% | 10% | 3.7× | n/a | n/a |
| Techstorm Advanced Material 601026.SS | China | $1.16B | -33% | +8% | 6% | 2.4× | n/a | n/a |
| Imdex IMD.AX | Australia | $1.15B | -21% | +21% | 16% | 3.7× | 20.1% | +14.5% |