Teikoku Denki
6333.THIGHEquipment · Weight: 5%· Data as of 2026-04-22
¥2,773+0.36%
6-month dailyInvestment Thesis
Global canned motor pump monopoly — 60% Japan share, 40% world share. Zero-leak design is ONLY technology qualified for nuclear primary coolant loops. PE 10.49, 18% OpMar, zero debt, net cash. Only +2% 52w = undiscovered hidden gem.
Risk
Micro-cap liquidity. Nuclear is concentrated in Japan restarts. Competition from Nikkiso in some applications.
Monitoring Trigger
BWR restart schedule. New SMR pump orders.
Key Dates
2026-05earningsFY2025 results
Key Metrics
10.49
PE
9.5
Fwd PE
1.2
P/B
12%
ROE
18%
Op Margin
0%
D/E
2.5%
Div Yield
N/A
FCF
¥21B
Mkt Cap
Business Segments
| Segment | Revenue | Share | Description |
|---|---|---|---|
| Canned Motor Pumps | Primary | 60% Japan, 40% world | Zero-leak pumps for nuclear, chemical, oil/gas |
Supply Chain Evidence
| Evidence | Customer | Product | Detail |
|---|---|---|---|
| confirmed | All Japanese nuclear utilities | Primary coolant pumps for BWR/PWR | 60% domestic share, all operating reactors(2026-04) |
Sources & References
Peer Comparison
| Company | PE | Fwd PE | ROE | Op Margin | FCF |
|---|---|---|---|---|---|
| IHI Corporation | 23.7 | 22 | 26.8% | 8.8% | +¥68B |
| Hitachi | 28.96 | 27.58 | 13.65% | 11.1% | +¥1,390B |
| Japan Steel Works | 33.5 | 31.1 | 9.09% | 8.4% | -¥19.7B |
| Yokogawa Electric | 38.8 | 23.8 | 11.5% | 13.7% | +¥44B |
| Fuji Electric | 20.3 | 17.7 | 11.8% | 10.3% | +¥51B |
| Kanadevia | 10.97 | 11 | 5.2% | 1.9% | -¥22.6B |
| Organo Corporation | 27 | 27 | 21.7% | 20.6% | +¥19B |
| Kurita Water Industries | 22.3 | 21.8 | 6.8% | 12.4% | +¥25B |
| Sumitomo Heavy Industries | 19.3 | 18 | 5.0% | 4.8% | -¥2.3B |
| Toyo Tanso | 23.2 | 23.8 | 5.7% | 14.6% | -¥5.8B (capex phase) |
| Okano Valve | 21.6 | 8.2% | 10.1% | +¥624M | |
| Kobe Steel | 8.7 | 8.5 | 7.2% | 4.8% | N/A |
| Ebara | 30.9 | 25.4 | 15.8% | 12.1% | -¥51.5B (capex) |
| Stella Pharma | -9.8% | -23.6% | N/A | ||
| Teikoku Denki | 10.49 | 9.5 | 12% | 18% | N/A |