First Read Ebara Corporation: IR Day held

研报英文原文证据摘录

First Read Ebara Corporation: IR Day held

Global Research

14 July 2026ab

First Read

EquitiesEbara Corporation

IR Day held Japan

Factory Equipment

12-month rating Buy

Regular annual IR Day held

Ebara held its annual IR Day from 1:30pm (JST) on 14 July. Information on market share 12m price target ¥7,180

and the pricing policy for CMP equipment, which is of high interest to the equity market,

was limited, but the event confirmed that growth strategies are being steadily executed

Price (14 Jul 2026) ¥5,881

in the three core businesses, and our impression is that this is positive for the share price.

The equity market tends to focus on precision machinery, but if sales of chillers for RIC: 6361.T BBG: 6361 JP

semiconductors and pumps for data centres expand in the building service & industrial Trading data and key metrics

segment, this will likely become a new earnings driver and a factor supporting valuation

52-wk range ¥6,775-2,759

expansion.

Market cap. ¥2,718b/US$16.7b

Shares o/s 462m (ORD)

Key points from the briefing

Free float 93%

In the energy business, the demand outlook hereafter is favourable, supported such

Avg. daily volume ('000) 3,309

factors as a multi-year pipeline in natural gas. The company will expand margins by

increasing sales and consolidating its global bases. Centred on products in which it has Avg. daily value (m) ¥18,928.2

strengths, such as LNG cryogenic pumps and expanders, the company will work to Common s/h equity (12/26E) ¥584b

expand market share through local production for local consumption in North America. P/BV (12/26E) 4.6x

Net debt to EBITDA (12/26E) 0.2x

In the building service & industrial business, chillers for semiconductors and pumps for EPS (reported, basic) (¥)

data centres (DCs) are emerging as new growth drivers.