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Japanese staffing company that dispatches engineers to manufacturers for product design and development work.
Japanese staffing company that dispatches engineers to manufacturers for product design and development work.
Hires engineers as its own employees, often straight from university, and bills clients a monthly rate for each one placed, so profit depends on keeping engineers on billable work and on the gap between the client rate and engineer pay.
In one line: A Japanese technical-staffing firm like a smaller ASGN.
Moat: narrow (scale, installed base). Large pool of trained dispatch engineers and long manufacturer relationships built over decades.
Headquarters: Nagoya, Japan · Founded: 1974 · Employees: 13,190
Size MEITEC (9744.T) is a Japan Industrials company (Miscellaneous Commercial Services) with a market value of $1.57B, the 558th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,234 on 6 Nov 2026.
Performance Over six months the shares gained 2.9%, against -11.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th highest of 21 in its peer set.
Growth Revenue grew 1.9% over the last twelve months (peer median +4.5%); the operating margin is 14.5% (peer median 8.4%).
Valuation It trades at 18.7× forward earnings against a peer median of 20.6× (8th cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -12 pp: the price already allows for a slowdown.
Next results Next results expected around 28 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥138B | ¥138B | ¥133B | ¥127B | ¥119B |
| Revenue growth | — | +3% | +5% | +7% | — |
| Gross profit | ¥36.9B | ¥36.3B | ¥35.9B | ¥34.2B | ¥32.7B |
| EBITDA | n/a | ¥20.2B | ¥19.1B | ¥18.0B | ¥16.9B |
| Net income | ¥11.8B | ¥15.1B | ¥12.7B | ¥12.3B | ¥12.3B |
| Free cash flow | n/a | ¥15.2B | ¥13.3B | ¥14.6B | ¥12.7B |
| Capital expenditure | n/a | ¥808M | ¥992M | ¥1.05B | ¥286M |
| Total debt | n/a | ¥0 | ¥0 | ¥0 | ¥0 |
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 |
|---|---|---|---|---|---|---|
| MEITEC 9744.T | $1.57B | +3% | +2% | 14% | 18.7× | -4.6% |
| Persol 2181.T | $4.11B | +22% | +10% | 4% | 13.7× | -10.3% |
| Open Up 2154.T | $1.11B | +12% | -11% | 10% | 13.1× | -6.5% |
| UT Group Co.,Ltd. 2146.T | $868M | +22% | -13% | 7% | 16.1× | 6.7% |
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 | 9744.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.5% | -7.7% | 9th highest of 21 |
| 6-month return | +2.9% | -11.4% | 7th highest of 21 |
| Distance from 52-week high | -13.0% | -36.5% | 2nd highest of 21 |
| Revenue growth (TTM) | +1.9% | +4.5% | 9th lowest of 21 |
| Operating margin | 14.5% | 8.4% | 5th highest of 21 |
| Forward P/E | 18.7× | 20.6× | 8th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -4.6% | 7.5% | 2nd least demanding of 16 |
| Growth delivered (Del g) | +7.3% | +10.6% | 8th lowest of 16 |
| Hurdle (Req g minus delivered) | -11.9 pp | -6.6 pp | 4th least demanding of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| MEITEC 9744.T | Japan | $1.57B | +3% | +2% | 14% | 18.7× | -4.6% | +7.3% |
| Offcn Education Technology 002607.SZ | China | $1.56B | -36% | -2% | 13% | 38.8× | 17.7% | -27.6% |
| AEM AWX.SI | Singapore | $1.55B | -18% | +15% | 11% | 23.4× | 15.4% | -5.1% |
| eClerx Services ECLERX.NS | India | $1.59B | 0% | +22% | 20% | 19.4× | 17.2% | +21.4% |
| PharmaBlock Sciences (Nanjing) 300725.SZ | China | $1.61B | +16% | +11% | 11% | 44.6× | 27.8% | +14.1% |
| Yangzhou Tinfulong 603406.SS | China | $1.53B | -25% | -4% | 12% | n/a | 7.5% | +10.6% |
| Moltiply MOL.MI | Italy | $1.53B | +6% | +32% | 15% | 14.6× | 10.8% | +21.0% |
| Healthcare Services HCSG | United States | $1.64B | +5% | +4% | 6% | 20.6× | 3.4% | +0.9% |
| AFRY AFRY.ST | Sweden | $1.50B | +17% | -4% | 7% | 12.7× | -2.2% | +6.3% |
| Foxtron Vehicle Technologies 2258.TW | Taiwan | $1.50B | +1% | -50% | -132% | n/a | n/a | n/a |
| Clarivate CLVT | United States | $1.50B | -16% | -9% | 8% | 3.8× | 13.4% | +14.4% |
| Kruk KRU.WA | Poland | $1.65B | -22% | +8% | 77% | 6.9× | -2.1% | +16.8% |
| Shanghai Foreign Service 600662.SS | China | $1.49B | -14% | +1% | 2% | 13.8× | -20.6% | +1.9% |
| Shenzhen Ampron Technology 301413.SZ | China | $1.48B | -7% | +11% | 2% | 423.6× | n/a | n/a |
| Taiwan Secom 9917.TW | Taiwan | $1.47B | -8% | +3% | 16% | 14.2× | -2.3% | +6.7% |
| Shanghai Medicilon 688202.SS | China | $1.47B | +18% | +42% | -2% | 91.8× | n/a | n/a |
| Suzhou Recodeal Interconnect System 688800.SS | China | $1.47B | -55% | +5% | 9% | 28.7× | 26.1% | +38.9% |
| Guangdong Feinan Resources Recycling 301500.SZ | China | $1.68B | -31% | +42% | 7% | n/a | n/a | n/a |
| Visual China 000681.SZ | China | $1.71B | -25% | -9% | 4% | 44.0× | n/a | n/a |
| GRG Metrology & Test 002967.SZ | China | $1.72B | -16% | +13% | 13% | 22.7× | 3.9% | +14.4% |
| ICF International ICFI | United States | $1.43B | +14% | -8% | 8% | 10.8× | -2.2% | +4.4% |