[2026 Edition] Ebara Corporation: More Than Just Pumps! A Thorough Evaluation of a Growth Company Profiting from Semiconductors

When you hear the name "Ebara Corporation," what kind of company comes to mind?A company that manufactures large pumps.A long-established manufacturer that supports equipment for factories and ...

1kabu 2026年10月10日 10:42 When you hear the name "Ebara Corporation," what kind of company comes to mind?

A long-established manufacturer that supports equipment for factories and buildings.

In fact, it is also developing its business globally in the field of semiconductor manufacturing equipment.

Revenue for the fiscal year ending December 2025 was 958.2 billion yen, with an operating profit of 113.8 billion yen.

Furthermore, in the first half of the fiscal year ending December 2026, orders received increased by 41.0% compared to the same period last year.

In the latest financial results, the energy business recorded an operating loss, and the company-wide operating profit margin has also declined.

In this report, we will analyze Ebara Corporation from the perspective of long-term holding.

Why can a pump manufacturer earn money from semiconductors?

And is it a company worthy of long-term holding?

We will review the latest primary sources and provide a score out of 100 based on two axes: income core and capital core.

In the Precision/Electronic business, it handles CMP equipment and dry vacuum pumps used in the semiconductor manufacturing process.

In the energy business, we provide pumps and compressors for oil, gas, LNG, and power generation.

In the building and industrial business, we handle pumps and cooling/heating equipment for buildings and factories.

In the infrastructure business, we provide equipment that supports social foundations such as water and sewage systems and drainage facilities.

In the environmental business, we develop the construction, operation, and maintenance of waste treatment facilities.

In short, Ebara Corporation is a company that supports multiple critical fields: water, energy, semiconductors, and the environment.

In the sales composition for the fiscal year ending December 2025, the precision and electronics business accounts for approximately 36%.

However, in terms of operating profit, the precision and electronics business earns about half.

It has grown from a domestic-focused pump manufacturer into a global company competing in the world market.

Please note that this is a separate listed company from Ebara Jitsugyo (6328).

The subject of this evaluation is Ebara Corporation (6361).

For the fiscal year ended December 2021, revenue was 603.2 billion yen, and operating profit was 61.3 billion yen.

Calculating the compound annual growth rate over four years, revenue is approximately 12.3%, and operating profit is approximately 16.7%.

The operating profit margin also improved from 10.2% in the fiscal year ended December 2021 to 11.9% in the fiscal year ended December 2025.

How were the financial results for the first half of the fiscal year ending December 2026?

The first-half financial results for the fiscal year ending December 2026, announced on August 14, 2026, were as follows.

Orders received, revenue, operating profit, and profit attributable to owners of the parent all reached record highs for a first half.

By business segment, while the Precision/Electronic business performed well, the Energy business experienced a significant decline in profit.

In other words, the latest financial results can be evaluated as showing both strong growth potential and challenges in profit margins.

Ebara Corporation's greatest growth engine is its Precision/Electronic business.