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Kurita Water Industries
(6370)
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Rating:61Neutral
Price Target:
¥8,164.00
▼(-0.67% Downside)
Action:Downgraded
Date:08/09/26
The score is primarily supported by solid financial performance (healthy operating profile and conservative balance sheet), but is held back by expensive valuation (high P/E with only modest yield) and only mixed near-term technicals (negative MACD and below key short-term moving averages).
Positive Factors
Recurring customer revenue
Kurita’s chemical sales, operation and maintenance contracts, and aftermarket support are tied to customers’ continuing water-treatment needs. This embedded service model can promote repeat purchases, renewals, and durable relationships, making revenue less dependent on one-time engineering projects.
Negative Factors
Cooling revenue growth
Although Kurita has delivered strong multi-year expansion, the latest slowdown indicates that momentum is not consistently accelerating. Softer recent revenue growth could limit operating leverage and make it harder for the company to sustain prior progress if industrial customer demand remains subdued.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring customer revenue
Kurita’s chemical sales, operation and maintenance contracts, and aftermarket support are tied to customers’ continuing water-treatment needs. This embedded service model can promote repeat purchases, renewals, and durable relationships, making revenue less dependent on one-time engineering projects.
Read all positive factors
Kurita Water Industries (6370) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥828.87B
Dividend Yield1.58%
Average Volume (3M)488.59K
Price to Earnings (P/E)34.4
Beta (1Y)1.35
Revenue Growth0.99%
EPS Growth24.98%
CountryJP
Employees8,268
SectorIndustrials
Sector Strength72
IndustryIndustrial - Pollution & Treatment Controls
Share Statistics
EPS (TTM)226.40
Shares Outstanding116,200,690
10 Day Avg. Volume478,640
30 Day Avg. Volume488,590
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)457.34
Revenue Forecast (FY)¥448.20B
Kurita Water Industries Business Overview & Revenue Model
Company Description
Established in 1949 and headquartered in Tokyo, Japan, Kurita Water Industries Ltd. is a global leader in delivering comprehensive water treatment solutions. The company's operations span Japan, Asia, Europe, North and South America, the Middle Ea...
How the Company Makes Money
Kurita makes money primarily by selling products and services that improve, treat, recycle, and manage water used in customers’ facilities, with recurring revenue generated through ongoing chemical supply and service contracts.
Key revenue stream...
Kurita Water Industries Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
78
Positive
Cash Flow
66
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 410.86B | 402.89B | 408.89B | 384.82B | 344.61B | 288.21B |
| Gross Profit | 154.75B | 153.16B | 139.55B | 123.17B | 111.51B | 96.22B |
| EBITDA | 95.23B | 95.17B | 87.68B | 75.29B | 60.75B | 53.70B |
| Net Income | 24.67B | 15.96B | 20.30B | 29.19B | 20.13B | 18.47B |
Balance Sheet | ||||||
| Total Assets | 557.64B | 564.42B | 548.95B | 557.41B | 501.54B | 469.98B |
| Cash, Cash Equivalents and Short-Term Investments | 65.79B | 62.17B | 62.95B | 54.01B | 50.47B | 45.73B |
| Total Debt | 115.05B | 99.05B | 93.47B | 101.19B | 100.06B | 58.68B |
| Total Liabilities | 219.69B | 220.44B | 210.44B | 223.99B | 205.77B | 192.12B |
| Stockholders Equity | 335.06B | 341.15B | 336.03B | 331.26B | 293.98B | 271.91B |
Cash Flow | ||||||
| Free Cash Flow | 33.83B | 29.63B | 37.90B | 21.92B | -4.75B | -26.36B |
| Operating Cash Flow | 55.34B | 55.59B | 87.76B | 50.87B | 48.63B | 28.74B |
| Investing Cash Flow | -31.15B | -34.02B | -52.07B | -35.80B | -46.27B | -39.93B |
| Financing Cash Flow | -15.41B | -23.31B | -25.45B | -15.34B | 1.10B | -7.93B |
Kurita Water Industries Technical Analysis
Negative
8219.00
Price Trends
7978.43
Negative
8409.26
Negative
7985.87
Negative
Market Momentum
-10.01
Negative
48.56
Neutral
50.83
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 8219 is above the 20-day moving average (MA) of 7645.60, above the 50-day MA of 7978.43, and above the 200-day MA of 7985.87, indicating a neutral trend. The MACD of -10.01 indicates Negative momentum. The RSI at 48.56 is Neutral, neither overbought nor oversold. The STOCH value of 50.83 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥642.86B | 22.66 | ― | 4.87% | 7.05% | 12.23% | |
69 Neutral | ¥68.39B | 7.99 | 19.52% | 4.09% | 38.31% | 62.54% | |
68 Neutral | ¥218.80B | 14.27 | 13.96% | 3.61% | 17.65% | 72.55% | |
65 Neutral | ¥137.53B | 14.58 | 11.21% | 2.55% | 14.61% | 26.89% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
61 Neutral | ¥828.87B | 34.35 | 7.24% | 1.75% | 0.99% | 24.98% | |
55 Neutral | ¥187.91B | 12.62 | ― | 3.40% | 7.67% | -30.19% |
* Industrials Sector Average
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Kurita Water Industries Corporate Events
Kurita Water Industries Completes ¥35 Billion Share Buyback Program
Oct 2, 2026
Kurita Water Industries has completed a share buyback program authorized by its board on May 14, 2026, as part of its capital management strategy. The latest transaction on October 1, 2026 involved the market purchase of 95,800 common shares on th...
Kurita Water Industries Nears Completion of ¥35 Billion Share Buyback Program
Oct 1, 2026
Kurita Water Industries has reported progress on its share buyback program, confirming the acquisition of 1,306,700 common shares for about 9.9 billion yen via market purchases on the Tokyo Stock Exchange between September 1 and 30, 2026. The move...
Kurita Advances Share Buyback, Repurchases ¥8.25 Billion in August
Sep 1, 2026
Kurita Water Industries said it repurchased 998,300 of its own common shares on the Tokyo Stock Exchange between August 1 and August 31, 2026, at a total cost of about ¥8.25 billion. The buyback forms part of a broader share repurchase progra...
Kurita Separates Discontinued Precision Cleaning Unit in New Q1 Disclosure
Aug 6, 2026
Kurita Water Industries has reclassified its overseas precision tool cleaning business as discontinued operations following a May 13, 2026 share transfer agreement for Pentagon Technologies Group, with the transaction completed on June 30. As a re...
Kurita boosts Q1 orders and revises outlook as buybacks advance
Aug 6, 2026
Kurita Water Industries reported a strong first quarter for the fiscal year ending March 2027, with orders up 77.1%, net sales up 14.3%, and business profit up 7.8% year on year, aided by large facility projects in East Asia and the U.S. Solid fac...
Kurita Water Industries Delivers Profit Surge and Raises Dividend Outlook After Portfolio Streamlining
Aug 6, 2026
Kurita Water Industries reported strong consolidated results for the first quarter of the fiscal year ending March 31, 2027, with net sales of ¥99.9 billion, up 14.3% year-on-year, and operating profit jumping 58.5%. Profit attributable to ow...
Kurita Water Industries Advances Share Buyback Program on Tokyo Market
Aug 3, 2026
Kurita Water Industries Ltd., a major player in Japan’s water treatment sector, focuses on industrial water treatment, wastewater solutions, and associated services for a wide range of corporate customers. The company is listed on the Tokyo ...
Kurita Lifts Profit Outlook After Pentagon Subsidiary Share Transfer
Jul 29, 2026
Kurita Water Industries Ltd., a Japanese water treatment specialist listed on the Tokyo Stock Exchange Prime Market, has divested Pentagon Technologies Group, Inc., a U.S.-centered precision tool cleaning subsidiary. The group focuses on industria...
Kurita Water Industries shifts Chugoku maintenance business to Kurita West
Jul 17, 2026
Kurita Water Industries Ltd. has approved an absorption-type company split under which its wholly owned subsidiary Kurita West Japan Co., Ltd. will take over the maintenance and service business for water treatment facilities in Japan’s Chug...
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.