Kurita Water Industries Ltd. (JP:6370)
:6370
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Kurita Water Industries
(6370)
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Rating:72Outperform
Price Target:
¥9,694.00
▲(59.07% Upside)
Action:ReiteratedDate:02/07/26
The score is driven mainly by solid financial stability and profitability, reinforced by strong technical uptrend signals. These positives are tempered by expensive valuation (high P/E, modest yield) and weaker near-term cash flow momentum (lower free cash flow and mixed cash conversion).
Positive Factors
High operating margins
Sustained gross and EBITDA margins near 37% and 23% show durable pricing power from chemicals plus engineering services. High operating profitability supports reinvestment in R&D and service capabilities, insulating core earnings from modest top-line volatility.
Negative Factors
Sharp FCF decline
A ~33% drop in free cash flow signals weaker cash generation and/or higher working capital and investment needs. Lower and lumpy FCF reduces capacity for organic investment, debt paydown, or shareholder returns and raises sensitivity to timing of project cash flows.
Read all positive and negative factors
Positive Factors
Negative Factors
High operating margins
Sustained gross and EBITDA margins near 37% and 23% show durable pricing power from chemicals plus engineering services. High operating profitability supports reinvestment in R&D and service capabilities, insulating core earnings from modest top-line volatility.
Read all positive factors
Kurita Water Industries (6370) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥865.55B
Dividend Yield1.58%
Average Volume (3M)415.64K
Price to Earnings (P/E)17.0
Beta (1Y)1.23
Revenue Growth5.02%
EPS Growth-27.41%
CountryJP
Employees7,981
SectorIndustrials
Sector Strength72
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)93.42
Shares Outstanding116,200,690
10 Day Avg. Volume382,640
30 Day Avg. Volume415,640
Financial Highlights & Ratios
PEG Ratio-0.83
Price to Book (P/B)1.54
Price to Sales (P/S)1.26
P/FCF Ratio13.61
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)343.54
Revenue Forecast (FY)¥420.67B
Kurita Water Industries Business Overview & Revenue Model
Company Description
Kurita Water Industries Ltd. provides various water treatment solutions in Japan, Asia, North America, South America, Europe, the Middle East, Africa, and internationally. The Water Treatment Chemicals segment offers boiler water treatment chemica...
How the Company Makes Money
Kurita Water Industries generates revenue through multiple streams, primarily from the sale of water treatment chemicals and services. Their revenue model is centered on long-term contracts with industrial clients for water treatment solutions, wh...
Kurita Water Industries Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 411.65B | 408.89B | 384.82B | 344.61B | 288.21B | 267.75B |
| Gross Profit | 152.76B | 139.55B | 123.17B | 111.51B | 96.22B | 87.42B |
| EBITDA | 107.53B | 103.87B | 74.69B | 68.20B | 56.36B | 50.21B |
| Net Income | 23.47B | 20.30B | 29.19B | 20.13B | 18.47B | 19.09B |
Balance Sheet | ||||||
| Total Assets | 571.19B | 548.95B | 557.41B | 501.54B | 469.98B | 424.93B |
| Cash, Cash Equivalents and Short-Term Investments | 65.85B | 62.95B | 54.01B | 50.47B | 45.73B | 62.23B |
| Total Debt | 112.17B | 93.47B | 101.19B | 100.06B | 58.68B | 51.35B |
| Total Liabilities | 218.45B | 210.44B | 223.99B | 205.77B | 192.12B | 167.09B |
| Stockholders Equity | 349.91B | 336.03B | 331.26B | 293.98B | 271.91B | 253.09B |
Cash Flow | ||||||
| Free Cash Flow | 25.03B | 37.90B | 21.92B | -4.75B | -26.36B | 25.95B |
| Operating Cash Flow | 58.77B | 87.76B | 50.87B | 48.63B | 28.74B | 40.00B |
| Investing Cash Flow | -38.33B | -52.07B | -35.80B | -46.27B | -39.93B | -10.77B |
| Financing Cash Flow | -18.05B | -25.45B | -15.34B | 1.10B | -7.93B | -18.85B |
Kurita Water Industries Technical Analysis
Negative
6094.00
Price Trends
7828.10
Negative
7101.39
Positive
6223.88
Positive
Market Momentum
-108.99
Positive
43.08
Neutral
23.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6370, the sentiment is Negative. The current price of 6094 is below the 20-day moving average (MA) of 8035.45, below the 50-day MA of 7828.10, and below the 200-day MA of 6223.88, indicating a neutral trend. The MACD of -108.99 indicates Positive momentum. The RSI at 43.08 is Neutral, neither overbought nor oversold. The STOCH value of 23.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:6370.
Kurita Water Industries Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥127.84B | 21.86 | 12.54% | 1.84% | 13.86% | 51.05% | |
72 Outperform | ¥865.55B | 16.97 | 6.61% | 1.58% | 5.02% | -27.41% | |
72 Outperform | ¥75.23B | 11.99 | 16.37% | 2.79% | 31.48% | 16.11% | |
69 Neutral | ¥219.97B | 10.37 | 9.02% | 3.11% | 1.25% | -3.97% | |
68 Neutral | ¥671.35B | 23.01 | ― | 1.43% | 7.87% | 38.32% | |
66 Neutral | ¥172.41B | -49.70 | ― | 2.41% | 2.47% | 1.47% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
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Kurita Water Industries Corporate Events
Kurita Water Industries Overhauls Top Executive Lineup Ahead of New Fiscal Year
Feb 26, 2026
Kurita Water Industries has announced a leadership reshuffle effective April 1, 2026, as it prepares a new operational execution structure. The move underscores a reallocation of responsibilities across top management ahead of the company’s ...
Kurita Water Industries Posts Higher Margins and Refines Segment Reporting in 3Q FY2026
Feb 5, 2026
Kurita Water Industries released supplemental financial data for the third quarter of the fiscal year ending March 31, 2026, showing year-on-year growth in orders, net sales, and profitability, with operating profit margins improving across the co...
Kurita Water Industries Stays on Track With FY2026 Targets as Profit Climbs
Feb 5, 2026
Kurita Water Industries reported modest year-on-year growth for the first nine months of the fiscal year ending March 31, 2026, with orders up 0.5%, net sales up 0.9% and business profit rising 10.1%, keeping overall progress broadly on track with...
Kurita Water Industries Lifts Profits and Maintains Strong Outlook as Dividend Rises
Feb 5, 2026
Kurita Water Industries reported modest top-line growth but solid profit expansion for the first nine months of the fiscal year ending March 31, 2026, with net sales inching up 0.9% year-on-year to ¥303.6 billion while business profit rose 10...
Kurita Water Industries Shifts Sustainability Strategy Under President After Executive’s Passing
Dec 24, 2025
Kurita Water Industries has reassigned responsibilities within its top management, appointing President and Representative Executive Officer Hirohiko Ejiri as Executive General Manager of the Sustainability Corporate Strategy Division, effective D...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.