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Kurita Water Industries
(OTC:6370)
Kurita Water Industries (6370) vs. iShares MSCI Japan ETF (EWJ)
Kurita Water Industries Business Overview & Revenue Model
Kurita Water Industries Financial Statement Overview
| Breakdown | |||||
| TTM | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 398.99B | 384.82B | 344.61B | 288.21B | 267.75B | 264.81B | Gross Profit |
| 143.84B | 123.17B | 119.70B | 104.28B | 94.68B | 92.72B | EBIT |
| 46.31B | 42.06B | 29.06B | 35.73B | 31.53B | 27.48B | EBITDA |
| 81.26B | 75.15B | 60.57B | 53.78B | 50.14B | 45.69B | Net Income Common Stockholders |
| 31.52B | 29.19B | 20.13B | 18.47B | 19.09B | 18.29B |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 44.86B | 54.01B | 53.83B | 48.80B | 65.05B | 52.78B | Total Assets |
| 251.62B | 557.41B | 501.54B | 469.98B | 424.93B | 387.75B | Total Debt |
| 8.58B | 101.19B | 100.07B | 58.68B | 51.35B | 54.61B | Net Debt |
| -7.79B | 47.18B | 49.60B | 12.95B | -10.88B | 4.40B | Total Liabilities |
| 57.68B | 224.00B | 205.78B | 192.12B | 167.09B | 143.64B | Stockholders Equity |
| 192.59B | 331.26B | 293.98B | 271.91B | 253.09B | 242.44B |
| Cash Flow | Free Cash Flow | ||||
| 37.51B | 18.82B | -6.35B | -28.40B | 24.04B | 4.67B | Operating Cash Flow |
| 82.92B | 50.87B | 48.63B | 28.74B | 40.00B | 37.38B | Investing Cash Flow |
| -46.24B | -35.80B | -46.27B | -39.93B | -10.77B | -43.68B | Financing Cash Flow |
| -26.86B | -15.34B | 1.10B | -7.93B | -18.85B | 21.98B |
Kurita Water Industries Technical Analysis
Kurita Water Industries Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | $583.03B | 28.72 | 6.03% | 1.72% | 5.12% | 43.96% | |
64 Neutral | $4.39B | 11.81 | 5.17% | 249.38% | 3.98% | -12.17% | |
| $516.73M | 13.42 | 8.79% | 2.40% | ― | ― | ||
| $1.13B | 14.70 | 9.36% | 3.48% | ― | ― | ||
73 Outperform | ¥154.21B | 6.97 | 2.74% | 11.87% | -3.06% | ||
66 Neutral | ¥87.15B | 13.27 | 3.79% | 34.77% | -13.32% | ||
65 Neutral | ¥355.64B | 14.75 | 2.06% | 11.34% | 45.58% |
Kurita Water Industries Corporate Events
Kurita Water Industries Ltd. has announced a revision of its business forecast for the fiscal year ending March 31, 2025, due to significant impairment losses from its subsidiaries, Pentagon Technologies Group, Inc. and Kurita Fracta Holdings, Inc. The impairment losses are attributed to underperformance in revenue targets, largely due to low capacity utilization and delays in plant construction for Pentagon, and challenges in establishing a business structure for Fracta. Consequently, Kurita has revised its profit forecasts downward, impacting its operating and net profits. Despite these setbacks, the dividend forecast remains unchanged.
Kurita Water Industries Ltd. has announced the nomination of candidates for its Board of Directors, which will be proposed at the upcoming General Meeting of Shareholders. This move includes both new appointments and the retention of existing directors, reflecting the company’s strategy to strengthen its governance structure. The nominations also include candidates for the Nominating, Audit, and Compensation Committees, indicating a comprehensive approach to enhancing corporate oversight and strategic decision-making.
Kurita Water Industries Ltd. has announced a company split, transferring a specific business in the Tohoku region to its wholly owned subsidiary, Kurita East Japan Co., Ltd. This strategic move aligns with Kurita’s medium-term management plan to strengthen its business foundation in Japan’s General Industry segment by enhancing customer engagement and expanding its CSV business. The restructuring is expected to improve operational efficiency and customer intimacy by integrating sales of water treatment chemicals and maintenance services.
Kurita Water Industries Ltd. has announced changes in its executive leadership, effective April 1, 2025, with Shuji Shirode being appointed as the new Representative Executive Officer. This restructuring is part of the company’s strategic plan to enhance operational execution and strengthen its leadership team, potentially impacting its market positioning and stakeholder relations.
Kurita Water Industries has decided to enhance its stock compensation plan by acquiring additional shares through a trust established for directors and officers. This decision, involving a cash distribution of up to 1.99 billion yen to acquire up to 315,200 shares, aims to bolster the alignment of its management’s interests with those of shareholders.
Kurita Water Industries reported increased orders, net sales, and business profit for the first nine months of the fiscal year ending March 31, 2025, driven by favorable semiconductor market conditions and exchange rate fluctuations. The company’s financial performance aligns with its full-year forecasts, indicating stability and growth potential in its operational and market strategies.
Kurita Water Industries reported a strong financial performance for the nine months ending December 31, 2024, with a 4.9% increase in net sales and a 10.6% rise in profit attributable to owners. Growth was driven by increased orders in the Electronics Industry segment, particularly in water treatment facilities and precision tool cleaning, reflecting a semiconductor market recovery. Despite some sectoral challenges due to geopolitical risks and natural disasters, the company capitalized on the economic recovery in Japan and other Asian economies. The General Industry segment also saw growth, supported by large-scale projects and strategic acquisitions. The company’s financial condition showed an increase in total assets and equity, with strategic investments in facility acquisitions contributing to its robust position.