CapEx intensity by industry
CapEx intensity = capital expenditure ÷ revenue
Capital expenditure divided by revenue.
CapEx intensity by industry (median)
Each company is counted once, in its largest industry. Industries with three or more companies. Consolidated figures, counted once in each company's primary industry. Medians require at least three companies.
- 1AerospaceAutomotive & Machinery・11 cos.39.3%Top: Synspective 489.0%, QPS Holdings 251.2%, Axelspace Holdings 73.4%
- 2JR RailwaysTransport & Logistics・4 cos.21.6%Top: JR East 28.8%, JR Central 26.1%, Kyushu Railway Company 17.2%
- 3Amusement Centers & KaraokeEntertainment, Media & Leisure・7 cos.15.3%Top: Kyowa 17.4%, Round ONE 16.3%, Genda 15.7%
- 4Private RailwaysTransport & Logistics・18 cos.14.7%Top: Keikyu 29.4%, Keisei Electric Railway 25.3%, Nagoya Railroad 24.9%
- 5Theme Parks & Leisure FacilitiesEntertainment, Media & Leisure・12 cos.14.3%Top: Seibu Holdings 30.1%, Nippon Ski Resort Development 26.5%, Horai 17.5%
- 6ShippingTransport & Logistics・12 cos.12.8%Top: Tamai Steamship 53.9%, Iino Kaiun Kaisha 50.3%, Kyoei Tanker 39.7%
- 7Semiconductor MaterialsElectronics・24 cos.12.0%Top: Fujimi 32.0%, Sumco 27.1%, Tri Chemical Laboratories 26.5%
- 8SemiconductorsElectronics・14 cos.10.8%Top: Tera Probe 71.6%, QD Laser 53.3%, AOI Electronics 29.8%
- 9Oil, Gas & MiningResources, Energy & Materials・8 cos.8.6%Top: Nittetsu Mining 15.7%, K&O Energy Group 9.0%, Nippon Coke & Engineering 8.7%
- 10BatteriesElectronics・7 cos.8.4%Top: W-Scope 31.3%, Kanto Denka Kogyo 13.1%, Nippon Kodoshi 8.7%
- 11Electric Power & GasResources, Energy & Materials・44 cos.8.2%Top: Environment Friendly Holdings 31.2%, Hokkaido Electric Power Company 25.4%, The Chugoku Electric Power Company 18.5%
- 12Telecom CarriersIT, Telecom & Internet・9 cos.8.1%Top: Japan Communications 17.5%, KDDI 11.2%, Inbound Platform 10.0%
- 13Biotech & Regenerative MedicineHealthcare & Consumer Goods・6 cos.7.3%Top: Kohjin Bio 19.6%, StemCell Institute 18.7%, Waqoo 9.9%
- 14ChemicalsResources, Energy & Materials・99 cos.7.1%Top: KNC Laboratories 28.9%, Kureha 27.1%, Toyo Drilube 24.6%
- 15Glass & CeramicsResources, Energy & Materials・17 cos.6.6%Top: Maruwa 30.2%, Toyo Tanso 26.3%, Almedio 23.0%
- 16Hotels & InnsEntertainment, Media & Leisure・16 cos.6.6%Top: Amaze 25.4%, Kyoritsu Maintenance 15.9%, Imperial Hotel 13.2%
- 17Waste Management & RecyclingConsumer & Public Services・25 cos.6.5%Top: Midac Holdings 64.1%, Fuluhashi EPO 20.3%, Sanwayuka Industry 19.7%
- 18Agriculture & SeedsFood & Agriculture・4 cos.6.4%Top: Berg Earth 7.8%, Sakata Seed 7.0%, Hokuto 5.7%
- 19Tires & RubberAutomotive & Machinery・14 cos.6.4%Top: Sumitomo Rubber Industries 14.8%, Asahi Rubber 9.5%, The Yokohama Rubber 9.1%
- 20PharmaceuticalsHealthcare & Consumer Goods・21 cos.6.2%Top: JCR Pharmaceuticals 28.7%, Tsumura & 17.8%, Kyowa Kirin 16.8%
- 21Warehouses & Logistics FacilitiesTransport & Logistics・39 cos.5.9%Top: Maruhachi Warehouse Company 58.1%, THE Keihin 25.4%, Sanritsu 21.7%
- 22Cloud & Data CentersIT, Telecom & Internet・5 cos.5.9%Top: SAKURA internet 106.1%, Link-U Group 6.6%, BroadBand Tower 5.9%
- 23Textiles & FibersResources, Energy & Materials・16 cos.5.7%Top: Omikenshi 27.4%, Havix 18.2%, Sotohco. 14.3%
- 24Electronic ComponentsElectronics・56 cos.5.4%Top: Ibiden 25.8%, Dexerials 22.2%, Meiko Electronics 20.8%
- 25Alcoholic BeveragesFood & Agriculture・7 cos.5.3%Top: Umenoyado Brewery 19.6%, Kirin 7.2%, Takara Holdings 5.6%
- 26Beverages & DairyFood & Agriculture・20 cos.5.3%Top: Lifedrink Company 25.1%, Hokkan Holdings 13.8%, Yakult Honsha 13.4%
- 27SteelResources, Energy & Materials・33 cos.5.2%Top: Nippon Chutetsukan 21.1%, Osaka Steel 11.2%, Nichia Steel Works 11.0%
- 28PachinkoEntertainment, Media & Leisure・10 cos.5.1%Top: Oizumi 18.5%, Mamiya-Op 16.6%, Sankyo 9.4%
- 29Food PackagingFood & Agriculture・15 cos.5.0%Top: Takemoto Yohki 8.2%, Okura Industrial 8.2%, Ishizuka Glass 8.0%
- 30Processed FoodsFood & Agriculture・60 cos.5.0%Top: Yutaka Foods 46.8%, Meito 39.6%, Pietro 34.9%
- 31Trucks & BusesAutomotive & Machinery・4 cos.4.9%Top: Kyokuto Kaihatsu Kogyo 8.8%, Isuzu 6.2%, ShinMaywa Industries 3.6%
- 32Auto PartsAutomotive & Machinery・111 cos.4.9%Top: Tanaka Seimitsu Kogyo 16.3%, Piolax 16.0%, Yasunaga 13.8%
- 33Semiconductor EquipmentElectronics・41 cos.4.9%Top: Micronics Japan 27.6%, Enplas 16.7%, Marumae 13.3%
- 34Robots & Factory AutomationAutomotive & Machinery・34 cos.4.8%Top: Kuramoto 21.0%, SMC 18.3%, SiriusVision 12.2%
- 35Fast Food & Quick ServiceRetail, Trading & Restaurants・21 cos.4.7%Top: Gift Holdings 14.5%, B-R 31 ICE Cream 12.8%, McDonald's Holdings Company(Japan) 9.8%
- 36Air ConditioningElectronics・11 cos.4.6%Top: Kimura Kohki 13.6%, Sinko Industries 11.5%, Galilei Holdings 10.2%
- 37Cameras & OpticsElectronics・7 cos.4.5%Top: Nikon 9.7%, Tamron 5.5%, Jtec 5.4%
- 38Security ServicesConsumer & Public Services・6 cos.4.4%Top: Secom 7.2%, Central Security Patrols 6.7%, Alsok 6.6%
- 39Paper & PulpResources, Energy & Materials・17 cos.4.4%Top: Imura & 16.0%, AWA Paper & Technological Company 14.7%, Ohishi Sangyo 10.7%
- 40ShipbuildingAutomotive & Machinery・9 cos.4.3%Top: Daihatsu Infinearth MFG. 13.2%, Japan Engine 9.6%, Akasaka Diesels 4.4%
- 41Printers & Office EquipmentElectronics・11 cos.4.3%Top: Kyocera 8.4%, Konica Minolta 5.6%, Amano 5.2%
- 42Cement & ConcreteResources, Energy & Materials・16 cos.4.3%Top: Sumitomo Osaka Cement 14.6%, Taiheiyo Cement 11.2%, Asahi Concrete Works 6.5%
- 43Machine ToolsAutomotive & Machinery・34 cos.4.2%Top: Union Tool 18.5%, A-One Seimitsu 13.5%, Okuma 12.5%
- 44AutomobilesAutomotive & Machinery・8 cos.4.2%Top: Suzuki 6.0%, Subaru 4.9%, Mitsubishi Motors 4.2%
- 45Medical DevicesElectronics・39 cos.4.2%Top: TAUNS Laboratories 27.9%, Mani 22.3%, Medikit 14.6%
- 46Restaurants & PubsRetail, Trading & Restaurants・66 cos.4.0%Top: kaihan 26.3%, Balnibarbi 13.2%, Hikari Food Service 8.7%
- 47Food IngredientsFood & Agriculture・24 cos.3.9%Top: THE Torigoe 8.7%, MiyoshiOil&FatCo. 8.6%, Ifuji Sangyo 6.8%
- 48Paints & InksResources, Energy & Materials・23 cos.3.9%Top: Fujikura Kasei CO,. 7.6%, Soken Chemical & Engineering 6.1%, Atomix 6.0%
- 49Construction & Farm MachineryAutomotive & Machinery・16 cos.3.9%Top: Okada Aiyon 12.6%, Takakita 11.1%, Aichi 8.3%
- 50Housing Equipment & Building MaterialsConstruction & Real Estate・58 cos.3.8%Top: Tokyo Board Industries 20.0%, C.S. Lumber 18.4%, Komatsu Wall Industry 15.2%
- 51PrintingEntertainment, Media & Leisure・28 cos.3.8%Top: itamiarts 19.4%, KOSAIDO Holdings 9.1%, JAPAN Creative Platform Group 8.7%
- 52DefenseConsumer & Public Services・5 cos.3.8%Top: Asahi-Seiki Manufacturing 19.0%, Tokyo Keiki 7.6%, Ishikawa Seisakusho 3.8%
- 53Broadcasting & NewspapersEntertainment, Media & Leisure・11 cos.3.8%Top: Fuji Media Holdings 18.3%, RKB Mainichi Holdings 7.7%, Wowow 4.9%
- 54Electrical EquipmentAutomotive & Machinery・25 cos.3.7%Top: Abalance 17.5%, Otani Kogyo 6.1%, Daihen 5.5%
- 55Software & SaaSIT, Telecom & Internet・139 cos.3.7%Top: GVA Tech 29.4%, Dynamic Map Platform 28.6%, Mobilus 27.3%
- 56Sporting Goods & FitnessEntertainment, Media & Leisure・20 cos.3.7%Top: Graphite Design 30.0%, Miroku 20.5%, Loive 13.4%
- 57Health TechIT, Telecom & Internet・18 cos.3.7%Top: Data Horizon 15.9%, Kusurinomadoguchi 12.9%, Value HR 8.1%
- 58CRO & Clinical TestingHealthcare & Consumer Goods・13 cos.3.7%Top: Shin Nippon Biomedical Laboratories 16.4%, Morishita Jintan 9.7%, BML 6.7%
- 59Trucking & Parcel DeliveryTransport & Logistics・21 cos.3.7%Top: NANSO Transport 10.8%, NIKKON Holdings 10.4%, Kintetsu Group Holdings 8.7%
- 60Cashless PaymentsFinance & Business Services・12 cos.3.6%Top: Transaction Media Networks 21.8%, Net Protections Holdings 6.8%, Global Communication Planning 5.6%
- 61Stationery & Office SuppliesHealthcare & Consumer Goods・16 cos.3.6%Top: Lihit LAB. 15.6%, Pilot 9.1%, AuBEX 7.4%
- 62WeddingsConsumer & Public Services・9 cos.3.6%Top: ON the Page 11.6%, Tsukada Global Holdings 5.0%, Brass 5.0%
- 63Industrial MachineryAutomotive & Machinery・121 cos.3.5%Top: TVE 33.4%, Nitto Kohki 26.5%, Rheon Automatic Machinery 20.2%
- 64BicyclesAutomotive & Machinery・4 cos.3.5%Top: Shimano 9.8%, Yamaha Motor 4.5%, Asahi 2.4%
- 65Car AccessoriesAutomotive & Machinery・15 cos.3.4%Top: Tein 10.6%, KeePer Technical Laboratory 6.6%, Jvckenwood 6.3%
- 66Toiletries & Household ProductsHealthcare & Consumer Goods・10 cos.3.4%Top: Kobayashi Pharmaceutical 8.5%, Oji Holdings 5.0%, Lion 4.6%
- 67Real Estate Development & LeasingConstruction & Real Estate・85 cos.3.4%Top: JALCO Holdings 101.4%, Realgate 79.3%, Choei 71.1%
- 68Investment FundsFinance & Business Services・8 cos.3.4%Top: MBK 28.0%, Kitahama Capital Partners 16.0%, Fund Creation Group 8.9%
- 69Department StoresRetail, Trading & Restaurants・7 cos.3.4%Top: Saikaya Department Store 10.8%, Isetan Mitsukoshi Holdings 5.6%, J.front Retailing 4.2%
- 70Smartphones & Communications EquipmentElectronics・11 cos.3.4%Top: Tamagawa Holdings 10.9%, santec Holdings 5.0%, Saxa 5.0%
- 71Outdoor & Sporting Goods StoresRetail, Trading & Restaurants・3 cos.3.3%Top: Xebio Holdings 3.9%, Alpen 3.3%, Himaraya 1.3%
- 72Non-ferrous Metals & WiresResources, Energy & Materials・27 cos.3.3%Top: OSAKA Titanium technologies 17.2%, Furuya Metal 8.6%, Ryobi 6.7%
- 73Home CentersRetail, Trading & Restaurants・10 cos.3.2%Top: Kimura 14.3%, juntendo 6.0%, Komeri 4.8%
- 74CafésRetail, Trading & Restaurants・4 cos.3.2%Top: Towa Food Service 4.0%, DOUTOR NICHIRES Holdings. 3.3%, KOMEDA Holdings 3.1%
- 75Livestock, Feed & FertilizerFood & Agriculture・6 cos.3.1%Top: Katakura & Co-op Agri 9.0%, Hokuryo 8.7%, Feed ONE 4.2%
- 76LeasingFinance & Business Services・19 cos.3.0%Top: Pacific Net 57.5%, UPR 24.2%, D&M Company 13.5%
- 77Takeout & Delivery MealsRetail, Trading & Restaurants・15 cos.2.9%Top: Silver Life 6.7%, Warabeya Nichiyo Holdings 6.0%, OSG 5.5%
- 78Furniture, Interior & Lifestyle GoodsRetail, Trading & Restaurants・17 cos.2.9%Top: Axas Holdings 7.3%, Wagokoro 7.3%, Ryohin Keikaku 4.9%
- 79Toys & HobbiesHealthcare & Consumer Goods・11 cos.2.8%Top: Kotobukiya 10.1%, Furyu 5.0%, Bandai Namco 3.4%
- 80TVs, Audio & Musical InstrumentsElectronics・12 cos.2.8%Top: Roland 6.3%, Ikegami Tsushinki 5.4%, Ushio 5.3%
- 81Shoes & BagsHealthcare & Consumer Goods・9 cos.2.7%Top: Toho Lamac 10.4%, Sac's BAR Holdings 4.0%, Abc-Mart 3.8%
- 82Film & AnimeEntertainment, Media & Leisure・9 cos.2.7%Top: Ray 10.3%, Nakanihon KOGYO 8.6%, Toei Company 6.4%
- 83Beauty SalonsConsumer & Public Services・6 cos.2.7%Top: QB Net Holdings 5.7%, Artnature 5.3%, Taya 3.3%
- 84CybersecurityIT, Telecom & Internet・28 cos.2.6%Top: Digital Arts 11.6%, Cybertrust Japan 11.4%, Fronteo 10.8%
- 85Drugstores & PharmaciesRetail, Trading & Restaurants・19 cos.2.5%Top: Genky DrugStores 9.1%, Yakuodo Holdings 7.5%, COSMOS Pharmaceutical 6.4%
- 86SupermarketsRetail, Trading & Restaurants・49 cos.2.5%Top: Tokyu 14.7%, Keio 13.6%, Sotetsu Holdings 11.1%
- 87Real Estate Brokerage & ManagementConstruction & Real Estate・26 cos.2.5%Top: Paraca 26.6%, J.S.B. 14.0%, Nippon Parking Development 12.4%
- 88Broadband & ISPsIT, Telecom & Internet・9 cos.2.5%Top: IPS 41.6%, ASAHI Net 20.3%, Fibergate 10.2%
- 89Securities & Asset ManagementFinance & Business Services・29 cos.2.5%Top: Nissan Securities Group 8.3%, Matsui Securities 7.7%, Daiwa Securities Group 7.6%
- 90Nursing CareConsumer & Public Services・21 cos.2.5%Top: As Partners 21.5%, Amvis Holdings 21.2%, T.S.I 20.4%
- 91Secondhand RetailRetail, Trading & Restaurants・20 cos.2.5%Top: Kaitoriokoku 4.9%, Hard OFF 3.8%, Showcase 3.7%
- 92E-commerceIT, Telecom & Internet・33 cos.2.4%Top: Kuradashi. 28.0%, Rakuten 8.3%, Fujisan Magazine Service 6.0%
- 93Home & Lifestyle ServicesConsumer & Public Services・9 cos.2.4%Top: Arealink 30.5%, Studio Alice 7.4%, Washhouse 5.5%
- 94Disaster Prevention & Infrastructure MaintenanceConstruction & Real Estate・40 cos.2.3%Top: Shigematsu Works 17.5%, Kitac 8.2%, Maeda Kosen 7.0%
- 95CosmeticsHealthcare & Consumer Goods・26 cos.2.3%Top: AFC-HD AMS Life Science 10.8%, Rohto Pharmaceutical 7.6%, KOSE Holdings 6.5%
- 96Watches, Jewelry & EyewearHealthcare & Consumer Goods・21 cos.2.2%Top: Citizen Watch 6.9%, Casio Computer 6.0%, HOYA 6.0%
- 97Home AppliancesElectronics・10 cos.2.2%Top: ENDO Lighting 7.7%, Balmuda 3.8%, Dainichi 3.8%
- 98ApparelRetail, Trading & Restaurants・59 cos.2.2%Top: Anap Holdings 30.9%, airCloset 26.1%, Saibo 11.6%
- 99Internet Services & AppsIT, Telecom & Internet・47 cos.2.2%Top: Lifull 29.6%, SoftBank Group 22.2%, Media Kobo 12.3%
- 100Meat ProcessingFood & Agriculture・11 cos.2.1%Top: Axyz 5.2%, Akikawa Foods & Farms 4.7%, Prima Meat Packers 3.6%
- 101ChildcareConsumer & Public Services・12 cos.2.1%Top: Smile Holdings 7.1%, AHC Group 4.2%, QLS Holdings 2.9%
- 102Oil Refining & FuelsResources, Energy & Materials・13 cos.2.1%Top: sanrin 3.8%, Cosmo Energy Holdings 3.1%, Misumi 2.6%
- 103FuneralsConsumer & Public Services・6 cos.2.0%Top: 株式会社サン・ライフホールディング 6.9%, Tear 6.3%, Nichiryoku 3.0%
- 104Music & Live EntertainmentEntertainment, Media & Leisure・3 cos.2.0%Top: NexTone 3.8%, Space Shower Skiyaki Holdings 2.0%, Avex 1.6%
- 105EducationConsumer & Public Services・29 cos.1.9%Top: SuRaLa Net 25.1%, Waseda Gakushukenkyukai 9.9%, Globee 9.6%
- 106Car Dealers & Used CarsAutomotive & Machinery・20 cos.1.9%Top: USS 9.7%, Auto Server 9.4%, International Conglomerate of Distribution for Automobile Holdings 9.1%
- 107General Trading CompaniesRetail, Trading & Restaurants・7 cos.1.9%Top: Mitsui & Co. 7.9%, Itochu 1.9%, Mitsubishi Corporation 1.9%
- 108PCs & PeripheralsElectronics・14 cos.1.8%Top: Flight Solutions 11.7%, Panasonic 8.6%, Tecmira Holdings 7.5%
- 109Non-life InsuranceFinance & Business Services・10 cos.1.8%Top: Solvvy 5.0%, FP Partner 4.1%, Irrc 4.0%
- 110ConsultingFinance & Business Services・42 cos.1.7%Top: F&M 17.5%, ExaWizards 8.2%, S-Pool 7.4%
- 111Condominium DevelopersConstruction & Real Estate・25 cos.1.7%Top: Goldcrest 338.7%, SYLA Holdings 16.9%, Kimuratan 14.6%
- 112Plant Engineering & Building ServicesConstruction & Real Estate・76 cos.1.7%Top: Japan Ecosystem 30.1%, Technologies 14.5%, Meiji Machine 8.6%
- 113Credit Cards & Consumer CreditFinance & Business Services・18 cos.1.6%Top: Prestige International 9.0%, Orient 6.9%, Marui Group 6.3%
- 114GamesEntertainment, Media & Leisure・36 cos.1.6%Top: Koei Tecmo Holdings 27.2%, gumi 15.6%, KLab 9.9%
- 115General ContractorsConstruction & Real Estate・92 cos.1.6%Top: Upcon 17.8%, Penta-Ocean Construction 12.1%, Cados 11.1%
- 116Travel AgenciesEntertainment, Media & Leisure・11 cos.1.5%Top: Veltra 8.7%, Adventure 5.0%, AirTrip 3.9%
- 117FisheriesFood & Agriculture・11 cos.1.5%Top: Okamura Foods 6.4%, Ichimasa Kamaboko 5.3%, Nichirei 4.5%
- 118PetsConsumer & Public Services・4 cos.1.4%Top: Japan Animal Referral Medical Center 39.7%, Wolves Hand 2.1%, Petgo 0.8%
- 119HR & StaffingFinance & Business Services・84 cos.1.4%Top: Startline 25.5%, JSH 12.7%, Port 11.9%
- 120Electronics RetailersRetail, Trading & Restaurants・14 cos.1.2%Top: Toshin Holdings 3.0%, Yamada Holdings 2.6%, Edion 1.6%
- 121Hospitals & Medical ServicesConsumer & Public Services・8 cos.1.2%Top: CUC 12.2%, Tokai 2.5%, Elan 2.1%
- 122Catalog & TV ShoppingRetail, Trading & Restaurants・10 cos.1.2%Top: Belluna 15.4%, MTG 10.6%, Felissimo 1.8%
- 123IT Services & System IntegrationIT, Telecom & Internet・192 cos.1.1%Top: Smartvalue 29.8%, Information Planning 18.6%, Datasection 15.2%
- 124AdvertisingEntertainment, Media & Leisure・85 cos.1.1%Top: Chiikishinbunsha 33.4%, Appier Group 11.6%, Geniee 11.1%
- 125Luxury BrandsHealthcare & Consumer Goods・3 cos.1.0%Top: Japan Airport Terminal 13.0%, Sekido 1.0%, Laxus Technologies 0.1%
- 126PR & IR ServicesFinance & Business Services・10 cos.1.0%Top: Takara & Company 12.8%, Pronexus 8.2%, IR Japan Holdings 5.2%
- 127Business Process OutsourcingFinance & Business Services・21 cos.1.0%Top: Relo Group 4.7%, HONYAKU Center 4.5%, Inbound Tech 4.1%
- 128M&A AdvisoryFinance & Business Services・8 cos.0.9%Top: Batonz 3.8%, meinan M&A 1.3%, Strike Group 1.2%
- 129HomebuildersConstruction & Real Estate・25 cos.0.9%Top: Sekisui Chemical 8.7%, Azuma House 8.0%, Tsuchiya Holdings 7.0%
- 130Publishing & BookstoresEntertainment, Media & Leisure・18 cos.0.8%Top: Zenrin 8.2%, Shobunsha Holdings 3.8%, Kadokawa 3.4%
- 131StreamingEntertainment, Media & Leisure・7 cos.0.7%Top: Cover 5.1%, MTI 4.6%, J-Stream 4.3%
- 132Specialty Trading & WholesaleRetail, Trading & Restaurants・184 cos.0.7%Top: Yokohama Reito 15.5%, KOA Shoji Holdings 14.9%, Advan Co . 9.2%
- 133Events & TicketingEntertainment, Media & Leisure・8 cos.0.6%Top: PIA 4.8%, Gloe 1.8%, Boutiques 1.7%