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Kureha
(4023)
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Rating:60Neutral
Price Target:
¥4,085.00
▼(-1.21% Downside)
Action:Reiterated
Date:08/11/26
The score is held back primarily by weakened financial performance, with a recent shift to net losses and higher leverage despite stable gross margins. Offsetting this, price action is technically strong with the stock trading above key moving averages and positive MACD. Valuation is supported by a high dividend yield, but the negative P/E (loss-making period) limits the valuation contribution.
Positive Factors
Revenue Growth
Revenue remains modestly positive despite the difficult profitability period, indicating that Kureha continues to generate demand across its chemicals and materials businesses. Maintaining top-line growth provides a foundation for operational recovery if product mix, pricing, or cost conditions improve.
Negative Factors
Net Losses
The transition from several years of profitability to a net loss indicates a material deterioration in earnings power and elevated business volatility. Persistent losses would reduce retained capital, weaken returns, and limit the company’s ability to invest or distribute cash sustainably.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Revenue remains modestly positive despite the difficult profitability period, indicating that Kureha continues to generate demand across its chemicals and materials businesses. Maintaining top-line growth provides a foundation for operational recovery if product mix, pricing, or cost conditions improve.
Read all positive factors
Kureha (4023) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥148.68B
Dividend Yield5.46%
Average Volume (3M)275.71K
Price to Earnings (P/E)―
Beta (1Y)0.77
Revenue Growth6.78%
EPS Growth-257.95%
CountryJP
Employees3,941
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)-192.95
Shares Outstanding40,242,220
10 Day Avg. Volume297,660
30 Day Avg. Volume275,710
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.96
Price to Sales (P/S)0.98
P/FCF Ratio33.27
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥4,083.33Price Target Upside-1.25% Downside
Rating ConsensusHold
Number of Analyst Covering3
EPS Forecast (FY)184.21
Revenue Forecast (FY)¥171.10B
Kureha Business Overview & Revenue Model
Company Description
Kureha Corporation is a global enterprise based in Japan, engaged in the development, manufacturing, and distribution of diverse offerings, including advanced materials, specialized chemicals, and various plastic products. The company organizes it...
How the Company Makes Money
Kureha makes money primarily by manufacturing chemical and materials products and selling them to corporate customers (e.g., manufacturers and industrial users) under business-to-business supply arrangements. Revenue is generated from (1) product ...
Kureha Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
52
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 167.25B | 161.69B | 162.01B | 177.97B | 191.28B | 168.34B |
| Gross Profit | 49.31B | 45.55B | 42.49B | 51.34B | 54.79B | 50.88B |
| EBITDA | -3.85B | -5.21B | 23.10B | 25.76B | 34.84B | 32.11B |
| Net Income | -8.46B | -10.69B | 7.80B | 9.73B | 16.87B | 14.16B |
Balance Sheet | ||||||
| Total Assets | 343.41B | 338.44B | 345.30B | 328.51B | 296.40B | 282.64B |
| Cash, Cash Equivalents and Short-Term Investments | 30.09B | 29.73B | 21.50B | 23.13B | 32.20B | 30.64B |
| Total Debt | 123.38B | 119.66B | 84.71B | 53.59B | 24.99B | 27.49B |
| Total Liabilities | 172.18B | 171.26B | 134.16B | 107.48B | 79.63B | 81.91B |
| Stockholders Equity | 169.21B | 165.23B | 209.37B | 219.26B | 215.20B | 199.22B |
Cash Flow | ||||||
| Free Cash Flow | 4.08B | 4.75B | -14.31B | -21.10B | 8.51B | 15.99B |
| Operating Cash Flow | 29.42B | 28.01B | 29.52B | 11.60B | 22.74B | 28.58B |
| Investing Cash Flow | -16.50B | -13.72B | -39.44B | -34.29B | -11.10B | -11.00B |
| Financing Cash Flow | -7.36B | -7.96B | 8.44B | 12.13B | -10.48B | -6.11B |
Kureha Technical Analysis
Negative
4135.00
Price Trends
4232.83
Negative
4041.01
Negative
4066.47
Negative
Market Momentum
-101.63
Positive
32.13
Neutral
4.17
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4023, the sentiment is Negative. The current price of 4135 is above the 20-day moving average (MA) of 4076.20, below the 50-day MA of 4232.83, and above the 200-day MA of 4066.47, indicating a bearish trend. The MACD of -101.63 indicates Positive momentum. The RSI at 32.13 is Neutral, neither overbought nor oversold. The STOCH value of 4.17 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4023.
Kureha Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥2.33T | 17.84 | 12.24% | 1.72% | 4.24% | 6.46% | |
78 Outperform | ¥361.56B | 10.30 | 7.27% | 3.08% | 3.53% | 63.85% | |
77 Outperform | ¥459.39B | 11.10 | 11.09% | 3.28% | 0.17% | 69.59% | |
69 Neutral | ¥200.83B | 21.42 | ― | 2.66% | 4.24% | -10.24% | |
62 Neutral | ¥765.43B | 25.33 | 9.38% | 1.29% | 10.34% | 64.18% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ¥148.68B | -20.16 | -4.87% | 5.46% | 6.78% | -257.95% |
* Basic Materials Sector Average
JP:4023
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Kureha Corporate Events
Kureha Lifts FY2026 Outlook on Strong Specialty Chemicals and Equity Gains
Aug 7, 2026
Kureha Corporation has sharply raised its forecast for the six months to September 30, 2026, projecting revenue of ¥85.5 billion and core operating profit of ¥7.5 billion, driven mainly by earlier-than-expected shipments of crop protecti...
Kureha Delivers Strong Q1 Earnings But Guides for Softer Full-Year Profits
Aug 7, 2026
Kureha reported a strong start to the fiscal year ending March 31, 2027, with first-quarter revenue rising 15.2% year on year to ¥42.1 billion and core operating profit surging 209%. Profit attributable to owners of the parent more than doubl...
Kureha Completes Restricted Stock Remuneration Disposal for Directors
Jul 24, 2026
Kureha Corporation has completed the payment procedures for the disposal of its treasury stock used as restricted stock remuneration, following a resolution by its Board of Directors in late June 2026. The company issued 6,955 shares of common sto...
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.