Ebara
6361.TLOWEquipment · Weight: 2%· Data as of 2026-04-21
¥5,242-1.6%
6-month dailyInvestment Thesis
Nuclear coolant pump supplier since 1973. NuScale SMR steam compressor partnership (Mar 2026). Large-cap diversified but nuclear is a growing catalyst.
Risk
PE 30.9x after +165% run — valuation stretched. Nuclear is only ~5-8% of revenue. Primarily a semiconductor equipment play (46% of revenue). Cycle risk.
Monitoring Trigger
NuScale TVA construction progress. New pump orders.
Key Metrics
30.9
PE
25.4
Fwd PE
4.49
P/B
15.8%
ROE
12.1%
Op Margin
43%
D/E
1.34%
Div Yield
-¥51.5B (capex)
FCF
¥2.34T
Mkt Cap
Supply Chain Evidence
| Evidence | Customer | Product | Detail |
|---|---|---|---|
| confirmed | NuScale Power | Steam compressor for SMR | Partnership announced Mar 2026[source](2026-03) |
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 |