Kurita Water Industries Ltd. (JP:6370)
:6370
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Kurita Water Industries
(6370)
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Rating:75Outperform
Price Target:
¥9,910.00
▲(62.62% Upside)
Action:Reiterated
Date:05/15/26
The score is driven primarily by solid financial fundamentals (healthy margins and conservative leverage) tempered by a recent revenue pause, softer net income, and moderate cash conversion. Technicals add support due to a strong uptrend, though momentum appears somewhat stretched. Valuation is reasonable with a modest dividend yield.
Positive Factors
Recurring consumables revenue
Kurita's core chemicals business supplies continuously consumed treatment chemicals plus technical monitoring and optimization. That creates high contract stickiness and predictable recurring revenue over multi-month horizons, supporting steady cash flow and customer retention even when capex is lumpy.
Negative Factors
Near-term revenue softness
A slight TTM revenue decline signals potential softness in order activity or reduced industrial demand, which can pressure utilization on project work and slow the expansion of recurring service contracts. If prolonged, it could limit organic growth and delay margin expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring consumables revenue
Kurita's core chemicals business supplies continuously consumed treatment chemicals plus technical monitoring and optimization. That creates high contract stickiness and predictable recurring revenue over multi-month horizons, supporting steady cash flow and customer retention even when capex is lumpy.
Read all positive factors
Kurita Water Industries (6370) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥979.95B
Dividend Yield1.58%
Average Volume (3M)415.64K
Price to Earnings (P/E)50.4
Beta (1Y)1.24
Revenue Growth-1.47%
EPS Growth-19.46%
CountryJP
Employees7,981
SectorIndustrials
Sector Strength72
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)145.41
Shares Outstanding116,200,690
10 Day Avg. Volume382,640
30 Day Avg. Volume415,640
Financial Highlights & Ratios
PEG Ratio-2.58
Price to Book (P/B)2.36
Price to Sales (P/S)2.00
P/FCF Ratio27.15
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)379.77
Revenue Forecast (FY)¥443.28B
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 primarily makes money by selling (1) water treatment chemicals and (2) water treatment facilities and associated engineering/operation services, typically to industrial customers that require controlled water quality for manufacturing and u...
Kurita Water Industries Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
76
Positive
Cash Flow
66
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 402.89B | 408.89B | 384.82B | 344.61B | 288.21B |
| Gross Profit | 153.16B | 139.55B | 123.17B | 111.51B | 96.22B |
| EBITDA | 92.50B | 103.87B | 74.69B | 68.20B | 56.36B |
| Net Income | 15.96B | 20.30B | 29.19B | 20.13B | 18.47B |
Balance Sheet | |||||
| Total Assets | 564.42B | 548.95B | 557.41B | 501.54B | 469.98B |
| Cash, Cash Equivalents and Short-Term Investments | 62.17B | 62.95B | 54.01B | 50.47B | 45.73B |
| Total Debt | 99.05B | 93.47B | 101.19B | 100.06B | 58.68B |
| Total Liabilities | 220.44B | 210.44B | 223.99B | 205.77B | 192.12B |
| Stockholders Equity | 341.15B | 336.03B | 331.26B | 293.98B | 271.91B |
Cash Flow | |||||
| Free Cash Flow | 29.63B | 37.90B | 21.92B | -4.75B | -26.36B |
| Operating Cash Flow | 55.59B | 87.76B | 50.87B | 48.63B | 28.74B |
| Investing Cash Flow | -34.02B | -52.07B | -35.80B | -46.27B | -39.93B |
| Financing Cash Flow | -23.31B | -25.45B | -15.34B | 1.10B | -7.93B |
Kurita Water Industries Technical Analysis
Positive
6094.00
Price Trends
8031.20
Positive
7672.69
Positive
6614.00
Positive
Market Momentum
259.09
Negative
58.56
Neutral
51.45
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:6370, the sentiment is Positive. The current price of 6094 is below the 20-day moving average (MA) of 8406.85, below the 50-day MA of 8031.20, and below the 200-day MA of 6614.00, indicating a bullish trend. The MACD of 259.09 indicates Negative momentum. The RSI at 58.56 is Neutral, neither overbought nor oversold. The STOCH value of 51.45 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥979.95B | 50.42 | 6.61% | 1.58% | -1.47% | -19.46% | |
75 Outperform | ¥246.31B | 9.07 | 9.02% | 3.11% | 9.57% | 40.16% | |
74 Outperform | ¥90.11B | 8.80 | 16.37% | 2.79% | 42.29% | 55.00% | |
73 Outperform | ¥789.06B | 22.03 | ― | 1.43% | 8.81% | 17.58% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | ¥146.70B | 5.42 | 12.54% | 1.84% | 17.17% | 33.30% | |
59 Neutral | ¥232.41B | 15.21 | ― | 2.41% | 5.68% | -49.64% |
* Industrials Sector Average
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Kurita Water Industries Corporate Events
Kurita Water Industries Unveils ¥35 Billion Share Buyback to Lift Capital Efficiency
May 14, 2026
Kurita Water Industries has announced that its board has approved the acquisition of up to 5 million of its own common shares, representing about 4.57% of its outstanding stock, for a total cost of up to ¥35 billion. The buyback, to be execut...
Kurita Water Industries Lifts Sales and Profit but Net Earnings Decline
May 14, 2026
Kurita Water Industries reported higher orders and sales for the fiscal year ended March 2026, with orders climbing 6.7% to ¥461.9 billion and net sales up 3.2% to ¥421.8 billion. Business profit rose 14.2% to ¥56.2 billion, lifting...
Kurita Reclassifies Overseas Precision Tool Cleaning Unit as Discontinued Operation
May 14, 2026
Kurita Water Industries has reclassified its overseas Precision Tool Cleaning business as a discontinued operation after signing a share transfer agreement with Pentagon Technologies Group on May 13, 2026. As a result, the company will now present...
Kurita Water Industries Lifts Profit on Service Growth, Sees Continued Gains in FY 2027
May 14, 2026
Kurita Water Industries reported that orders, net sales, and business profit all rose in the fiscal year ended March 31, 2026, supported by stronger global facility project acquisitions and higher-margin service businesses centered on maintenance....
Kurita Water Lifts Dividend and Buybacks as Profit Dips but Core Earnings Improve
May 14, 2026
Kurita Water Industries reported a 3.6% rise in net sales to ¥402.9 billion for the year ended March 31, 2026, with business and operating profits improving double digits, but profit attributable to owners of the parent fell 21.4% as disconti...
Kurita Water Industries Launches ¥35 Billion Share Buyback to Boost Capital Efficiency
May 14, 2026
Kurita Water Industries has announced that its board has approved a share buyback program targeting up to 5 million common shares, equivalent to 4.57% of its outstanding stock, for a total cost of up to ¥35 billion. The repurchase will be con...
Kurita Water Posts Strong Profit Growth but Lower Net Income in FY03/2026
May 14, 2026
Kurita Water Industries reported solid top-line and profit growth for the fiscal year ending March 2026 from continuing operations, with orders rising 6.7% to ¥461.9 billion and net sales up 3.2% to ¥421.8 billion. Business profit increa...
Kurita Redefines Segment Reporting After Divestment of Overseas Precision Cleaning Unit
May 14, 2026
Kurita Water Industries has revised its financial disclosure framework for the fiscal year ended March 31, 2026, after signing a share transfer agreement on May 13, 2026 to divest its overseas Precision Tool Cleaning business operated under Pentag...
Kurita Lifts Profit on Service Growth, Sees Strong Orders Ahead
May 14, 2026
Kurita Water Industries reported higher orders, net sales, and business profit for the fiscal year ended March 31, 2026, driven by strong global facility project acquisitions and robust maintenance-centered service businesses. Growth was particula...
Kurita Water Lifts Dividend and Forecasts Profit Surge Despite FY2026 Earnings Dip
May 14, 2026
Kurita Water Industries reported a 3.6% rise in net sales to ¥402.9 billion for the year ended March 31, 2026, with business and operating profits up double digits, but profit attributable to owners of the parent fell 21.4% after classifying ...
Kurita Takes ¥19.9 Billion Hit as It Sells Pentagon Unit and Lifts Core Profit Outlook
May 13, 2026
Kurita Water Industries said it will transfer all shares of its U.S. subsidiary Pentagon Technologies Group, reclassifying Pentagon as a discontinued operation under IFRS and triggering a ¥19.9 billion impairment loss on related fixed assets,...
Kurita to Sell Pentagon Technologies to AEQUITA Unit in Portfolio Shake-Up
May 13, 2026
Kurita Water Industries has agreed to transfer all shares of its U.S.-based consolidated subsidiary Pentagon Technologies Group to AEQH20 GmbH, a unit of German industrial group AEQUITA, as part of ongoing portfolio optimization under its medium-t...
Kurita Water Industries Revamps Board and Governance Structure Ahead of June Shareholder Meeting
Apr 28, 2026
Kurita Water Industries has announced a slate of director candidates to be submitted to its 90th Ordinary General Meeting of Shareholders on June 25, 2026, including the planned elevation of current director Norikazu Kachi to Chairman of the Board...
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 ...
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.