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Sells configurable mechanical, electronic and factory automation components via a fast-delivery catalog model.
Sells configurable mechanical, electronic and factory automation components via a fast-delivery catalog model.
Takes orders from catalogue and website for parts made to the customer's dimensions and ships them within days, earning a premium for convenience and short lead times rather than selling only off-the-shelf stock. Factory-automation parts carry the group, with a growing share of orders placed through its Meviy service, where an engineer uploads a 3D drawing and gets a quote at once.
In one line: Japan's McMaster-Carr for factory automation parts.
Moat: narrow (distribution, scale, switching costs). Vast configurable-parts catalog and fast delivery create engineer habit and switching friction.
Headquarters: Tokyo, Japan · Founded: 1963 · Employees: 11,304
Size MISUMI (9962.T) is a Japan Industrials company (Industrial Machinery) with a market value of $6.25B, the 202nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,681 on 6 Nov 2026.
Performance Over six months the shares gained 2.6%, against -3.7% for the median peer and +1.8% for the Japan market (cap-weighted) — 7th highest of 19 in its peer set.
Growth Revenue grew 24.3% over the last twelve months (peer median +16.5%); the operating margin is 12.8% (peer median 16.7%).
Valuation It trades at 17.9× forward earnings against a peer median of 25.2× (5th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about 9% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 6.7 points above its cost of capital (9.9% WACC).
Next results Next results expected around 22 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥509B | ¥441B | ¥402B | ¥368B | ¥373B |
| Revenue growth | — | +10% | +9% | -1% | — |
| Gross profit | ¥242B | ¥189B | ¥173B | ¥154B | ¥171B |
| EBITDA | ¥87.3B | ¥67.8B | ¥64.2B | ¥55.9B | ¥63.2B |
| Net income | ¥51.5B | ¥40.5B | ¥36.5B | ¥28.2B | ¥34.3B |
| Free cash flow | ¥51.5B | ¥37.9B | ¥45.0B | ¥36.6B | ¥17.8B |
| Capital expenditure | ¥15.5B | ¥14.3B | ¥15.4B | ¥18.0B | ¥13.6B |
| Total debt | n/a | ¥8.77B | ¥7.54B | ¥6.82B | ¥7.68B |
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 |
|---|---|---|---|---|---|---|
| MISUMI 9962.T | $6.25B | +3% | +24% | 13% | 17.9× | 9.3% |
| RS Group PLC RS1.L | $4.85B | +33% | -1% | 8% | 18.6× | 15.1% |
| W. W. Grainger GWW | $67.9B | +17% | +9% | 17% | 28.2× | 11.9% |
| MonotaRO 3064.T | $7.04B | +22% | +19% | 14% | 29.6× | 9.7% |
| Trusco Nakayama 9830.T | $958M | +6% | +10% | 7% | 9.4× | n/a |
| Fastenal FAST | $60.8B | +20% | +14% | 21% | 38.3× | 14.2% |
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 | 9962.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -11.1% | -10.5% | 10th lowest of 21 |
| 6-month return | +2.6% | -3.7% | 7th highest of 19 |
| Distance from 52-week high | -12.4% | -23.7% | 7th highest of 21 |
| Revenue growth (TTM) | +24.3% | +16.5% | 6th highest of 21 |
| Operating margin | 12.8% | 16.7% | 8th lowest of 21 |
| Forward P/E | 17.9× | 25.2× | 5th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | 9.3% | 19.3% | 5th least demanding of 19 |
| Growth delivered (Del g) | +7.3% | +12.0% | 8th lowest of 19 |
| Hurdle (Req g minus delivered) | +2.0 pp | +9.5 pp | 9th least demanding of 19 |
| ROIC minus cost of capital | +6.7 pp | +3.3 pp | 9th highest of 21 |
| EV / EBITDA | 10.0× | 14.9× | 3rd cheapest of 14 |
| Net debt / EBITDA | -1.2× | 0.7× | 2nd least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| MISUMI 9962.T | Japan | $6.25B | +3% | +24% | 13% | 17.9× | 9.3% | +7.3% |
| Middleby MIDD | United States | $6.17B | +3% | -7% | 17% | 18.5× | 6.9% | +5.0% |
| Shanghai BOCHU Electronic Technology 688188.SS | China | $6.16B | 0% | +20% | 44% | 29.6× | 18.0% | +30.9% |
| Welspun WELCORP.NS | India | $6.13B | +70% | +14% | 12% | 25.5× | 24.9% | +19.0% |
| INDO-MIM INDOMIM.NS | India | $6.39B | n/a | +26% | 20% | 60.8× | 30.3% | +15.8% |
| Airtac International 1590.TW | Taiwan | $6.11B | -30% | +23% | 33% | 15.8× | 5.0% | +12.4% |
| Valmet VALMT.HE | Finland | $5.97B | +30% | +3% | 10% | 13.8× | 2.1% | +6.8% |
| KINGSEMI 688037.SS | China | $6.56B | -7% | +41% | -5% | 264.1× | n/a | n/a |
| JBT Marel JBTM | United States | $6.66B | -8% | +20% | 10% | 14.2× | 12.7% | +17.0% |
| Robotechnik Intelligent Technology 3757.HK | Hong Kong | $6.76B | n/a | +217% | 9% | 140.6× | 53.9% | +11.6% |
| Beijing Huafeng Test & Control Technology 688200.SS | China | $6.87B | -4% | +44% | 36% | 50.0× | 47.7% | +27.6% |
| Georg Fischer GF.SW | Switzerland | $5.65B | +32% | -20% | 3% | 19.9× | 29.2% | -1.2% |
| Mycronic MYCR.ST | Sweden | $5.57B | -4% | +17% | 29% | 24.9× | 10.1% | +15.6% |
| Timken TKR | United States | $7.07B | -14% | +6% | 15% | 14.5× | 3.7% | +5.5% |
| Shenzhen Envicool Technology 002837.SZ | China | $7.13B | -49% | +22% | 9% | 53.5× | 56.2% | +29.0% |
| Enpro NPO | United States | $5.47B | -16% | +16% | 16% | 23.2× | 26.1% | +1.3% |
| Zhejiang Shuanghuan Driveline 002472.SZ | China | $5.46B | +9% | +15% | 15% | 26.9× | 11.0% | +20.0% |
| Zurn Elkay Water Solutions ZWS | United States | $7.18B | -15% | +10% | 23% | 21.8× | 10.9% | -2.4% |
| Rotork ROR.L | United Kingdom | $5.40B | +65% | +2% | 24% | 27.9× | 27.6% | +5.2% |
| Spirax SPX.L | United Kingdom | $7.24B | +2% | +5% | 18% | 22.7× | 20.5% | +7.4% |
| LandMark Optoelectronics 3081.TWO | Taiwan | $5.38B | -32% | +105% | 38% | 54.3× | n/a | n/a |