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Stock Analysis & ValuationUnozawa-gumi Iron Works, Limited (6396.T)

Professional Stock Screener
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¥4,205.00
Sector Valuation Confidence Level
Moderate
Valuation methodValue, ¥Upside, %
Artificial intelligence (AI)3145.78-25
Intrinsic value (DCF)2295.64-45
Graham-Dodd Method4090.28-3
Graham Formulan/a

Strategic Investment Analysis

Company Overview

Unozawa-gumi Iron Works, Limited (6396.T) is a Japan-based industrial machinery company specializing in the manufacturing and servicing of pumps and blowers. Founded in 1899 and headquartered in Tokyo, the company provides a range of products including dry vacuum pumps, rotary blowers, and water ring vacuum pumps, catering to industrial applications. Unozawa-gumi also offers maintenance, repair, and diagnostic services, ensuring long-term reliability for its clients. Operating in the industrials sector, the company serves domestic markets with a focus on durability and efficiency in fluid handling solutions. With a market capitalization of approximately ¥3.25 billion, Unozawa-gumi maintains a niche but stable position in Japan's industrial machinery landscape. Its long-standing history and specialized expertise in vacuum and blower technology underscore its relevance in sectors requiring precision fluid management.

Investment Summary

Unozawa-gumi Iron Works presents a stable but low-growth investment opportunity, characterized by its niche focus in industrial pumps and blowers. The company's modest beta of 0.207 suggests lower volatility compared to broader markets, appealing to conservative investors. Financials reveal steady revenue (¥5.52 billion) and net income (¥424 million), supported by positive operating cash flow (¥445 million). However, high total debt (¥2.4 billion) relative to cash reserves (¥2.55 billion) raises liquidity concerns. The dividend yield is modest (¥50 per share), reflecting a cautious capital return policy. While its long industry tenure and specialized product line provide competitive insulation, limited international exposure and reliance on Japan's industrial demand may constrain growth. Investors should weigh its stability against sector cyclicality and debt levels.

Competitive Analysis

Unozawa-gumi Iron Works competes in Japan's industrial pump and blower market, leveraging its century-old expertise and localized service network. Its competitive advantage lies in specialized vacuum and blower technology, particularly for industrial applications requiring reliability. The company's integrated service offerings (maintenance, diagnostics) enhance customer retention. However, its small scale (¥5.5B revenue) limits R&D and global reach compared to multinational rivals. Unlike competitors with diversified industrial portfolios, Unozawa-gumi's focus on pumps/blowers exposes it to sector-specific downturns. Its debt-heavy balance sheet (debt-to-equity ~0.74) may hinder agility in pricing or innovation. While brand legacy and domestic relationships provide stability, competition from automation-focused firms and cheaper imports poses risks. The company’s positioning is strongest in aftermarket services, but growth depends on capturing higher-margin industrial niches or expanding regionally.

Major Competitors

  • Ebara Corporation (6361.T): Ebara is a global leader in pumps and compressors (¥600B+ revenue), dwarfing Unozawa-gumi in scale and international presence. Its strengths include diversified industrial applications and advanced R&D, but its broad focus may dilute attention to niche vacuum/blower markets where Unozawa-gumi competes.
  • Howden Japan Ltd. (6366.T): Howden Japan specializes in air and gas handling solutions, overlapping with Unozawa-gumi’s blower segment. Its parent company’s global reach provides technological advantages, but Unozawa-gumi’s localized service network offers faster response times in Japan.
  • Nidec Corporation (6594.T): Nidec dominates in motors and drives, indirectly competing in fluid systems. Its scale and automation expertise threaten Unozawa-gumi’s traditional pump markets, though Nidec lacks deep vacuum/blower specialization.
  • Parker-Hannifin Corporation (PH): Parker-Hannifin’s global motion-control portfolio includes pumps competing with Unozawa-gumi. Its technological breadth and distribution are superior, but Unozawa-gumi’s focus on Japan and cost-effective solutions may retain local clients.
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