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Rasa Industries,Ltd.
(4022)
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Rating:72Outperform
Price Target:
¥2,177.00
▼(-67.11% Downside)
Action:Upgraded
Date:08/06/26
The score is driven primarily by strengthening financial performance (improving profitability and materially reduced leverage), partially offset by historical volatility in revenue/free cash flow. Technicals are supportive on moving averages but tempered by negative MACD, while valuation is reasonable with a mid-teens P/E and a modest dividend yield.
Positive Factors
Lower leverage
Debt reduction from roughly ¥12.3bn to ¥7.5bn, alongside equity growth to ¥31.8bn, lowers financial risk and increases resilience. The more conservative capital structure should preserve funding flexibility through weaker conditions and support steadier long-term capital allocation.
Negative Factors
Revenue cyclicality
The 2024 revenue contraction, followed by only moderate growth of about 6.2% in 2025 and 5.5% in 2026, shows that top-line performance is not consistently stable. Cyclical demand or pricing can make planning, capacity utilization, and earnings progression less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Lower leverage
Debt reduction from roughly ¥12.3bn to ¥7.5bn, alongside equity growth to ¥31.8bn, lowers financial risk and increases resilience. The more conservative capital structure should preserve funding flexibility through weaker conditions and support steadier long-term capital allocation.
Read all positive factors
Rasa Industries,Ltd. (4022) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥77.87B
Dividend Yield1.76%
Average Volume (3M)1.19M
Price to Earnings (P/E)16.7
Beta (1Y)1.45
Revenue Growth12.60%
EPS Growth33.61%
CountryJP
Employees631
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)117.32
Shares Outstanding39,721,016
10 Day Avg. Volume681,520
30 Day Avg. Volume1,189,033
Financial Highlights & Ratios
PEG Ratio0.37
Price to Book (P/B)2.02
Price to Sales (P/S)1.35
P/FCF Ratio36.17
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)117.84
Revenue Forecast (FY)¥52.00B
Rasa Industries,Ltd. Business Overview & Revenue Model
Company Description
Rasa Industries, Ltd., a Japanese company, operates in the chemicals, machinery, and electronic materials sectors. Its Chemicals division manufactures and supplies phosphoric acid, phosphoric anhydride, polyphosphate, capacitor components, and pre...
Rasa Industries,Ltd. Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
83
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 50.96B | 47.73B | 45.42B | 42.79B | 49.60B | 35.41B |
| Gross Profit | 11.49B | 10.96B | 9.63B | 8.26B | 9.41B | 8.05B |
| EBITDA | 8.28B | 8.09B | 6.53B | 5.50B | 6.67B | 5.18B |
| Net Income | 4.58B | 4.36B | 3.13B | 2.38B | 3.23B | 2.54B |
Balance Sheet | ||||||
| Total Assets | 51.47B | 49.97B | 46.85B | 45.03B | 48.16B | 42.35B |
| Cash, Cash Equivalents and Short-Term Investments | 4.89B | 4.82B | 5.05B | 3.40B | 4.94B | 3.54B |
| Total Debt | 7.16B | 7.51B | 8.47B | 9.02B | 12.27B | 11.26B |
| Total Liabilities | 19.28B | 18.13B | 18.97B | 20.06B | 24.91B | 22.05B |
| Stockholders Equity | 32.19B | 31.84B | 27.88B | 24.97B | 23.13B | 20.21B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.78B | 3.17B | 3.99B | 1.12B | -434.00M |
| Operating Cash Flow | 0.00 | 6.15B | 5.04B | 4.97B | 2.04B | 2.00B |
| Investing Cash Flow | 0.00 | -4.49B | -1.83B | -1.89B | -961.00M | -2.32B |
| Financing Cash Flow | 0.00 | -1.96B | -1.64B | -4.74B | 245.00M | 308.00M |
Rasa Industries,Ltd. Technical Analysis
Neutral
6620.00
Price Trends
2037.48
Positive
2059.12
Negative
1758.25
Positive
Market Momentum
-19.62
Positive
47.87
Neutral
20.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4022, the sentiment is Neutral. The current price of 6620 is above the 20-day moving average (MA) of 2164.25, above the 50-day MA of 2037.48, and above the 200-day MA of 1758.25, indicating a neutral trend. The MACD of -19.62 indicates Positive momentum. The RSI at 47.87 is Neutral, neither overbought nor oversold. The STOCH value of 20.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:4022.
Rasa Industries,Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | ¥119.26B | 10.58 | ― | 4.02% | 8.94% | 22.70% | |
77 Outperform | ¥96.65B | 10.57 | ― | 2.62% | 3.44% | 15.09% | |
74 Outperform | ¥96.04B | 10.66 | ― | 2.88% | 1.64% | -24.06% | |
73 Outperform | ¥75.76B | 23.56 | ― | 1.68% | 5.13% | 8.56% | |
72 Outperform | ¥77.87B | 16.71 | ― | 2.08% | 12.60% | 33.61% | |
62 Neutral | ¥99.60B | 16.30 | ― | 1.15% | 12.47% | 7.08% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
JP:4022
Rasa Industries,Ltd.
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Rasa Industries,Ltd. Corporate Events
Rasa Industries Completes Restricted Stock Treasury Share Disposal for Executive Compensation
Aug 19, 2026
Rasa Industries, Ltd. announced the completion of payment for a disposal of treasury shares used as restricted stock compensation to its directors and executive officers. The company allotted 14,122 common shares, with a total disposal value of ap...
Rasa Industries Posts Strong Quarterly Growth and Confirms Full-Year Outlook
Aug 12, 2026
Rasa Industries, Ltd. reported strong consolidated results for the quarter ended June 30, 2026, with net sales up 30.9% year on year to ¥13.7 billion and profit attributable to owners of parent rising 20.5% to ¥1.31 billion. Operating an...
Rasa Industries Uses Restricted Stock Disposal to Align Executive Compensation With Shareholder Value
Jul 22, 2026
Rasa Industries has approved the disposal of 14,122 treasury shares as restricted stock compensation to five directors and four executive officers, with a total disposal value of ¥26.39 million and a per-share price of ¥1,869. The shares...
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.