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Employees: 1,661
Size SHINANEN (8132.T) is a Japan Energy company (Oil Refining/Marketing) with a market value of $463M, the 1117th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥7,370 on 6 Nov 2026.
Performance Over six months the shares gained 6.7%, against -21.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 2nd highest of 7 in its peer set.
Growth Revenue fell 2.8% over the last twelve months (peer median -1.0%); the operating margin is 1.6% (peer median 7.4%).
Valuation It trades at 0.2× enterprise value to sales against a peer median of 0.7× (2nd cheapest of 7).
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 +7%, so the hurdle is -10 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.8 points above its cost of capital (5.0% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥308B | ¥299B | ¥317B | ¥348B | ¥342B |
| Revenue growth | — | -6% | -9% | +2% | — |
| Gross profit | ¥39.2B | ¥37.2B | ¥37.2B | ¥30.4B | ¥31.3B |
| EBITDA | ¥8.09B | ¥7.64B | ¥7.29B | ¥2.39B | ¥3.97B |
| Net income | ¥5.20B | ¥4.44B | ¥3.15B | -¥1.04B | ¥478M |
| Free cash flow | n/a | ¥4.61B | ¥8.26B | -¥3.38B | -¥3.71B |
| Capital expenditure | n/a | ¥1.98B | ¥2.27B | ¥2.43B | ¥4.10B |
| Total debt | ¥3.57B | ¥4.93B | ¥5.48B | ¥12.3B | ¥6.94B |
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.
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 | 8132.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.3% | -9.7% | 2nd highest of 7 |
| 6-month return | +6.7% | -21.8% | 2nd highest of 7 |
| Distance from 52-week high | -20.5% | -40.8% | 2nd highest of 7 |
| Revenue growth (TTM) | -2.8% | -1.0% | 4th highest of 7 |
| Operating margin | 1.6% | 7.4% | 2nd lowest of 7 |
| EV / Sales | 0.2× | 0.7× | 2nd cheapest of 7 |
| Growth the price implies (Req g, 7 yrs) | -3.2% | -6.7% | 3rd most demanding of 6 |
| Growth delivered (Del g) | +6.6% | +5.6% | 3rd highest of 6 |
| Hurdle (Req g minus delivered) | -9.8 pp | -12.7 pp | 2nd most demanding of 6 |
| ROIC minus cost of capital | +1.8 pp | +8.4 pp | 3rd lowest of 6 |
| Net debt / EBITDA | -1.2× | 1.6× | 2nd least indebted of 5 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| SHINANEN 8132.T | Japan | $463M | +7% | -3% | 2% | 0.2× | -3.2% | +6.6% |
| Seobu T&D 006730.KS | South Korea | $479M | -31% | +52% | 27% | 7.0× | 8.2% | +24.0% |
| SINOPEC Shandong Taishan Petroleum 000554.SZ | China | $445M | -24% | -8% | 9% | 0.9× | -6.7% | +5.6% |
| Star Group LP SGU | United States | $432M | +2% | +8% | 6% | 0.3× | -17.8% | +4.0% |
| Oiltek International HQU.SI | Singapore | $339M | -52% | -5% | 19% | 6.1× | 11.6% | +17.6% |
| North Atlantic Energies NAE.PA | France | $1.09B | +30% | -23% | 3% | 0.1× | n/a | n/a |
| North Huajin Chemical Industries 000059.SZ | China | $1.10B | -20% | +3% | 1% | 0.4× | -8.0% | +4.6% |