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Nippon Chemical Industrial Co., Ltd.
(4092)
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Rating:63Neutral
Price Target:
¥5,602.00
▲(3.17% Upside)
Action:Downgraded
Date:09/06/26
Overall score is driven mainly by stable-to-improving financial performance (earnings recovery and moderate leverage) but held back by inconsistent free-cash-flow and prior earnings volatility. Technical signals are neutral-to-soft near term, while valuation is reasonable with a mid-teens P/E and a moderate dividend yield.
Positive Factors
Earnings Recovery
The recovery in EBIT and net income from the 2023 trough indicates that the company has restored earnings capacity after a weaker period. Continued improvement through 2026 provides a durable foundation for reinvestment, balance-sheet support, and stronger profitability over the next several quarters.
Negative Factors
Inconsistent Free Cash Flow
Uneven free-cash-flow conversion reduces the amount of cash left after operating needs and capital spending. The return to very thin FCF in 2026 indicates that improved operating cash flow has not consistently translated into financial flexibility for debt reduction, shareholder returns, or expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Earnings Recovery
The recovery in EBIT and net income from the 2023 trough indicates that the company has restored earnings capacity after a weaker period. Continued improvement through 2026 provides a durable foundation for reinvestment, balance-sheet support, and stronger profitability over the next several quarters.
Read all positive factors
Nippon Chemical Industrial Co., Ltd. (4092) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥46.30B
Dividend Yield2.23%
Average Volume (3M)225.09K
Price to Earnings (P/E)17.7
Beta (1Y)1.39
Revenue Growth2.17%
EPS Growth4.31%
CountryJP
Employees735
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)297.81
Shares Outstanding8,922,775
10 Day Avg. Volume97,330
30 Day Avg. Volume225,086
Financial Highlights & Ratios
PEG Ratio0.61
Price to Book (P/B)0.49
Price to Sales (P/S)0.61
P/FCF Ratio112.48
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)345.8
Revenue Forecast (FY)¥40.90B
Nippon Chemical Industrial Co., Ltd. Business Overview & Revenue Model
Company Description
Nippon Chemical Industrial Co., Ltd. is a Japanese enterprise specializing in the production and distribution of a diverse range of chemical substances. Its extensive product portfolio encompasses a variety of inorganic chemicals, such as chromium...
How the Company Makes Money
The company makes money primarily by manufacturing and selling inorganic chemical products, with its core earnings derived from phosphorus-related chemical materials (e.g., phosphate-based compounds) supplied to industrial customers. Revenue is ge...
Nippon Chemical Industrial Co., Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 40.27B | 40.18B | 38.84B | 38.54B | 38.08B | 37.27B |
| Gross Profit | 8.11B | 7.95B | 8.68B | 7.29B | 6.27B | 9.04B |
| EBITDA | 6.25B | 6.11B | 6.85B | 5.92B | 4.58B | 6.99B |
| Net Income | 2.59B | 2.89B | 2.56B | 1.59B | 855.00M | 3.73B |
Balance Sheet | ||||||
| Total Assets | 85.84B | 78.46B | 77.14B | 78.68B | 74.97B | 72.80B |
| Cash, Cash Equivalents and Short-Term Investments | 6.23B | 8.11B | 7.93B | 8.74B | 7.84B | 9.01B |
| Total Debt | 14.40B | 14.40B | 16.71B | 16.55B | 16.79B | 17.45B |
| Total Liabilities | 29.99B | 28.13B | 30.74B | 33.63B | 32.73B | 30.93B |
| Stockholders Equity | 55.84B | 50.32B | 46.40B | 45.05B | 42.24B | 41.87B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 219.00M | 1.19B | 1.10B | -1.25B | -3.00B |
| Operating Cash Flow | 0.00 | 5.37B | 6.37B | 6.15B | 1.49B | 1.98B |
| Investing Cash Flow | 0.00 | -3.36B | -5.07B | -4.41B | -2.82B | -3.08B |
| Financing Cash Flow | 0.00 | -1.87B | -2.42B | -870.00M | 102.00M | 120.00M |
Nippon Chemical Industrial Co., Ltd. Technical Analysis
Positive
5430.00
Price Trends
5151.00
Positive
4712.34
Positive
3825.69
Positive
Market Momentum
-2.70
Positive
50.85
Neutral
29.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4092, the sentiment is Positive. The current price of 5430 is above the 20-day moving average (MA) of 5406.50, above the 50-day MA of 5151.00, and above the 200-day MA of 3825.69, indicating a neutral trend. The MACD of -2.70 indicates Positive momentum. The RSI at 50.85 is Neutral, neither overbought nor oversold. The STOCH value of 29.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4092.
Nippon Chemical Industrial Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥57.63B | 9.66 | ― | 4.67% | -3.74% | 19.78% | |
76 Outperform | ¥42.48B | 11.93 | ― | 1.49% | 4.09% | 49.33% | |
72 Outperform | ¥44.28B | 19.90 | ― | 3.94% | 12.88% | -5.86% | |
67 Neutral | ¥59.78B | 12.53 | ― | 3.65% | -2.70% | 18.12% | |
66 Neutral | ¥35.42B | 9.99 | ― | 2.30% | 8.79% | 65.45% | |
63 Neutral | ¥46.30B | 17.66 | ― | 2.23% | 2.17% | 4.31% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
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Nippon Chemical Industrial Co., Ltd. Corporate Events
Nippon Chemical Industrial Launches Share Buyback on TSE Prime
Sep 4, 2026
Nippon Chemical Industrial Co., Ltd., a TSE Prime Market-listed chemical manufacturer, produces industrial chemical products and operates as an established player in Japan’s public markets. Its shares trade on the Tokyo Stock Exchange, givin...
Nippon Chemical Industrial to Sell Cross-Shareholdings, Book Extraordinary Gain
Aug 10, 2026
Nippon Chemical Industrial has approved the sale of part of its cross-shareholdings and shares held in a retirement benefit trust, as it works toward reducing the ratio of such holdings to net assets to 15% or less by fiscal 2026 and 10% or less b...
Nippon Chemical Industrial Lifts Profit Outlook on Gains From Cross-Shareholdings Sale
Aug 10, 2026
Nippon Chemical Industrial has revised its full-year forecast for the fiscal year ending March 31, 2027, raising profit attributable to owners of parent from ¥3.0 billion to ¥4.5 billion, while keeping projections for net sales, operatin...
Nippon Chemical Industrial Lifts Full-Year Profit Outlook Despite Lower Quarterly Earnings
Aug 10, 2026
Nippon Chemical Industrial reported consolidated net sales of ¥11,036 million for the quarter ended June 30, 2026, a modest 0.8% year-on-year increase, with operating profit up 5.0% and ordinary profit up 8.7%. Profit attributable to owners o...
Nippon Chemical Industrial Completes Restricted Stock Treasury Share Disposal
Jul 31, 2026
Nippon Chemical Industrial Co., Ltd. has completed the payment procedure for the disposal of treasury shares used as restricted stock-based compensation to its management. The transaction, approved by the board on July 1, 2026, involves the compan...
Nippon Chemical Industrial Launches Share Buyback to Boost Capital Efficiency and ROE
Jul 30, 2026
Nippon Chemical Industrial Co., Ltd. has approved a new share repurchase program, deciding to acquire up to 110,000 common shares, or about 1.27% of its outstanding stock excluding treasury shares, for a maximum total of 500 million yen through ma...
Nippon Chemical Industrial Doubles Dividend Forecast to Boost Shareholder Returns
Jul 30, 2026
Nippon Chemical Industrial Co., Ltd., a Japanese chemical manufacturer listed on the TSE Prime Market, is pursuing higher corporate value through improved profitability and capital efficiency, including the reduction of cross-shareholdings. These ...
Nippon Chemical Industrial Grants Restricted Shares to Management as Part of Incentive Plan
Jul 1, 2026
Nippon Chemical Industrial will dispose of 9,379 treasury shares as restricted share-based remuneration to two directors and 18 executive officers or general managers, at a price of ¥4,660 per share for a total of ¥43,706,140. The awards...
Nippon Chemical Industrial Corrects Segment Data in FY2026 Results
Jun 12, 2026
Nippon Chemical Industrial Co., Ltd. has issued a partial correction to its previously announced consolidated financial results for the fiscal year ended March 31, 2026 under Japanese GAAP. The company identified errors in the notes on segment inf...
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.