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    Industrial - Pollution & Treatment Controls
Kurita Water Industries Ltd.

Kurita Water Industries Ltd.

6370.T
Kurita Water Industries Ltd.JP flagTokyo Stock Exchange
8,905.00
JPY
-34.00
- -
974.46BMarket Cap
Kurita Water Industries Ltd.
6370.T
(Tokyo Stock Exchange)

Recent

price

8,905.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
1,417.29
1,530.02
1,450.88
1,494.89
1,593.92
1,844.89
1,849.02
2,108.7
2,291.91
2,358.22
2,383.65
2,564.85
3,066.06
3,423.86
3,459.4
3,669.45
1,748.33
Revenue per Share
134.02
130.65
92.43
78.48
87.81
108.24
125.23
159.36
107.32
162.85
169.93
164.38
179.14
259.7
180.66
145.33
147.66
Basic EPS, GAAP
185.98
164.39
179.03
197.67
90.81
69.86
198.5
22.37
100.71
41.62
214
-252.71
-56.53
167.45
303.17
236.48
96.22
Free Cash Flow per Basic Share
38.21
38.97
41.82
42.98
45.13
47.11
49.15
51.23
53.54
58.23
71.96
78.29
77.4
82.17
88.58
103.25
41.99
Dividend per Share
1,551.56
1,657.91
1,741.75
1,666.68
1,709.59
1,809.32
1,890.88
1,963.03
2,076.18
2,180.99
2,293.19
2,434.17
2,589.89
2,776.88
2,877.64
2,989.19
2,868.05
Book Value per Share
1,543.8
1,644.71
1,671.21
1,825.84
1,652.03
1,762.2
1,756.34
1,862.29
1,630.51
1,635.87
1,646.27
1,751.19
1,941.75
2,179.14
2,270.73
2,432.57
2,249.6
Tangible Book Value per Share
128
127
124
119
119
116
116
112
112
112
112
112
112
112
112
110
112
Basic Weighted Avg Shares
181,234
193,792
180,143
178,137
189,398
214,372
214,187
236,815
257,331
264,807
267,749
288,207
344,608
384,825
388,814
402,889
196,462
Sales/Revenue/Turnover
21.85
15.16
11.65
8.36
10.26
9.25
9.08
9.49
7.72
10.38
11.78
12.4
8.43
10.71
12.84
14.47
11.68
Operating Margin (%)
16,066
16,035
15,054
14,774
14,863
15,748
15,857
16,861
17,872
18,700
20,739
24,440
37,276
32,637
54,689
35,157
16,671
Depreciation Expense
17,138
16,548
11,476
9,352
10,434
12,577
14,506
17,897
12,050
18,287
19,088
18,471
20,134
29,189
20,305
15,957
16,593
Net Income, GAAP
38.01
43.95
41.5
38.22
43.11
37.5
28.36
29.36
40.85
31.39
31.99
34.76
31.42
29.02
27.59
30.82
28.36
Effective Tax Rate (%)
9.46
8.54
6.37
5.25
5.51
5.87
6.77
7.56
4.68
6.91
7.13
6.41
5.84
7.59
5.22
3.96
8.45
Profit Margin (%)
83,081
102,627
111,459
125,601
100,992
106,139
111,520
101,280
77,544
68,439
101,530
64,469
86,948
109,398
88,383
129,919
104,843
Working Capital
6,535
6,191
6,020
5,389
5,159
4,763
4,339
11,728
11,345
15,006
46,534
45,815
66,774
77,488
55,141
78,386
74,622
LT Debt
199,351
210,002
209,118
219,153
223,478
228,964
228,758
239,305
239,184
244,108
257,837
277,862
295,759
333,411
338,504
343,977
336,917
Total Equity
11.61
7.52
5.55
4.14
4.81
5.27
5.89
6.38
4.5
6.72
6.94
7.04
5.34
6.95
8.21
9.01
3.84
Return on Invested Capital (%)
8.44
7.74
5.17
4.31
5.02
5.91
6.58
7.75
5.06
6.97
6.4
6.55
5.56
7.32
4.94
3.98
4.11
Return on Capital (%)
8.91
8.1
5.38
4.51
5.19
6.08
6.76
8.14
5.31
7.65
7.6
6.96
7.13
9.68
6.39
4.9
5.34
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
ST Debt
23,700
- -
17,510
LT Borrowings
58,714
- -
57,547
LT Finance Leases
18,774
- -
17,075
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
112
- -
112
Market Capitalization
708,239
766,364
692,883

Working Capital

FRC

•

in mil. unless spec.
Mar'24
Jun'25
Sep'25
Total Current Assets
228,018
- -
214,826
Cash, Cash Equivalents & STI
60,376
- -
57,513
Accounts Receivable, Net
139,464
- -
130,353
Inventories
21,069
- -
21,343
Total Current Liabilities
118,620
- -
109,983
Payables & Accruals
- -
- -
- -
ST Debt
23,700
- -
17,510
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.22%
6.02%
1.62%
Free Cash Flow
16.53%
-126.94%
-23.8%
Net Income, GAAP
6.11%
-0.22%
-21.41%
Sales/Revenue/Turnover
6.67%
8.71%
3.62%
Total Cash Common Dividend
7.75%
7.11%
13.86%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
90,544
97,818
98,312
98,150
384,825
2025
- -
- -
- -
- -
388,814
2026
- -
- -
- -
- -
402,889

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
50.67
61.37
82.84
- -
259.7
2025
- -
- -
- -
- -
180.66
2026
- -
- -
- -
- -
145.33

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
39.33
0.86
41.98
- -
82.17
2025
- -
- -
- -
- -
88.58
2026
- -
- -
- -
- -
103.25
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Business
Kurita Water Industries Ltd. is a Japanese company specializing in water treatment chemicals, systems, and services for industrial use. Its core products and services include water treatment chemicals for boiler and cooling water, paint booth chemicals, wastewater treatment chemicals, reverse osmosis process treatment chemicals, pulp and paper mills chemicals, cleaning chemicals, ion exchange resins, and deep tunnel treatment chemicals. Kurita also provides water treatment systems to remove contaminants and purify water to meet specific quality standards, ultrapure water supply systems, maintenance services for water treatment facilities, engineering cleaning services using chemicals and high-pressure water, and highly reliable analysis and testing services including water quality and pharmaceutical testing. The company manufactures and sells commercial and household water purifiers, softeners, and pure water production equipment, supporting operations globally with a focus on industrial sectors such as semiconductors and microelectronics. Recent major changes include the acquisition of Arcade Engineering Group in 2025, which strengthens Kurita's water treatment business in Europe, particularly for the semiconductor industry, by providing total water and process solutions, leveraging Arcade’s engineering capabilities to enhance Kurita’s market position in this segment. Kurita also established Kurita AquaChemie India Private Limited in 2024 to expand its sales of water treatment chemicals in the Indian market, headquartered in Chennai. Furthermore, Kurita advanced a strategic alliance with UK-based Evove Ltd. in 2024-2025, acquiring exclusive rights to use Evove’s Direct Lithium Extraction (DLE) technology, aimed at scaling up DLE plants by fiscal 2027 to enhance lithium recovery and supply within the water treatment sector. Additionally, Kurita acquired Canadian firm Keytech Water Management to expand its chemicals sales and services network across Canada from west to east. Kurita operates primarily in the water treatment industry, serving industrial and environmental sectors targeting markets in Japan, Asia, Europe, India, North America, and other regions through subsidiaries and partner companies. The company was founded in 1949 and is headquartered in Nakano-ku, Tokyo, Japan. It maintains a broad portfolio covering chemical products, engineering services, and proprietary technology solutions designed for water purification, wastewater treatment, and ultrapure water supply, supporting industries such as semiconductor manufacturing, chemical production, and utilities.