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Hodogaya Chemical Co., Ltd.
(4112)
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Rating:72Outperform
Price Target:
¥2,388.00
▼(-6.50% Downside)
Action:Upgraded
Date:05/17/26
The score is driven primarily by solid overall financials with conservative leverage, offset by inconsistent cash flow and recent margin compression. Technicals add meaningful support given strong price trend above key moving averages and positive momentum indicators. Valuation is supportive with a moderate P/E and dividend yield.
Positive Factors
Conservative leverage
Low leverage and steady equity growth give the company balance-sheet resilience: manageable interest burden, capacity to fund working capital and selective capex, and ability to absorb industrial demand shocks without forcing dilutive financing—supporting stability over months.
Negative Factors
Volatile cash generation
Volatile operating and free cash flow—with negative FCF in FY2026—signals inconsistent cash conversion and large working-capital swings. This reduces flexibility for capex, dividends, or strategic M&A and raises the risk that reported earnings may not reliably become deployable cash in the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative leverage
Low leverage and steady equity growth give the company balance-sheet resilience: manageable interest burden, capacity to fund working capital and selective capex, and ability to absorb industrial demand shocks without forcing dilutive financing—supporting stability over months.
Read all positive factors
Hodogaya Chemical Co., Ltd. (4112) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥35.10B
Dividend Yield2.37%
Average Volume (3M)79.15K
Price to Earnings (P/E)11.2
Beta (1Y)1.23
Revenue Growth-1.11%
EPS Growth-3.99%
CountryJP
Employees922
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)192.05
Shares Outstanding16,827,452
10 Day Avg. Volume72,200
30 Day Avg. Volume79,146
Financial Highlights & Ratios
PEG Ratio-3.26
Price to Book (P/B)0.75
Price to Sales (P/S)0.82
P/FCF Ratio-155.64
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)106.9
Revenue Forecast (FY)¥49.60B
Hodogaya Chemical Co., Ltd. Business Overview & Revenue Model
Company Description
Hodogaya Chemical Co., Ltd., an established Japanese enterprise founded in Tokyo in 1916 (initially as Hodogaya Soda Co., Ltd. until its rebranding in 1939), specializes in the production and sale of a broad spectrum of chemical products across Ja...
How the Company Makes Money
Hodogaya Chemical makes money primarily by manufacturing and selling chemical products and functional materials to other businesses (B2B). Revenue is generated when the company supplies its products—typically produced in-house from chemical feedst...
Hodogaya Chemical Co., Ltd. Financial Statement Overview
Summary
Income Statement
66
Positive
Balance Sheet
78
Positive
Cash Flow
52
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 48.04B | 48.58B | 44.26B | 43.32B | 41.88B |
| Gross Profit | 18.38B | 18.91B | 16.87B | 16.50B | 17.50B |
| EBITDA | 7.13B | 7.89B | 6.35B | 5.64B | 8.09B |
| Net Income | 3.05B | 3.18B | 2.48B | 2.22B | 3.25B |
Balance Sheet | |||||
| Total Assets | 86.41B | 79.86B | 81.16B | 72.05B | 66.45B |
| Cash, Cash Equivalents and Short-Term Investments | 10.14B | 10.77B | 12.96B | 10.49B | 11.45B |
| Total Debt | 9.49B | 8.79B | 9.81B | 11.08B | 7.02B |
| Total Liabilities | 22.79B | 21.32B | 23.71B | 22.15B | 18.53B |
| Stockholders Equity | 52.58B | 48.60B | 47.73B | 42.84B | 41.42B |
Cash Flow | |||||
| Free Cash Flow | -254.00M | 248.00M | 2.99B | -2.06B | 4.38B |
| Operating Cash Flow | 6.09B | 5.67B | 8.34B | 1.06B | 6.14B |
| Investing Cash Flow | -5.03B | -6.55B | -3.95B | -7.04B | -3.57B |
| Financing Cash Flow | -694.00M | -1.88B | -2.07B | 2.29B | -1.85B |
Hodogaya Chemical Co., Ltd. Technical Analysis
Negative
2554.00
Price Trends
2298.46
Negative
2310.90
Negative
2098.02
Positive
Market Momentum
-36.62
Positive
42.49
Neutral
23.61
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4112, the sentiment is Negative. The current price of 2554 is above the 20-day moving average (MA) of 2217.60, above the 50-day MA of 2298.46, and above the 200-day MA of 2098.02, indicating a neutral trend. The MACD of -36.62 indicates Positive momentum. The RSI at 42.49 is Neutral, neither overbought nor oversold. The STOCH value of 23.61 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4112.
Hodogaya Chemical Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | ¥49.20B | 15.60 | ― | 1.90% | -0.76% | 25.33% | |
72 Outperform | ¥35.10B | 11.19 | ― | 2.37% | -1.11% | -3.99% | |
69 Neutral | ¥57.53B | 12.82 | ― | 2.92% | -5.24% | 17.49% | |
68 Neutral | ¥74.60B | 26.96 | ― | 4.37% | -3.84% | -43.95% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ¥47.41B | -60.52 | ― | 3.24% | 2.94% | -136.45% | |
52 Neutral | ¥37.96B | 22.67 | ― | 3.70% | 29.30% | -82.13% |
* Basic Materials Sector Average
JP:4112
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Hodogaya Chemical Co., Ltd. Corporate Events
Hodogaya Chemical Launches “CODE/CHORD 2030” After Missing Previous Profit Targets
May 15, 2026
Hodogaya Chemical has unveiled a new five-year medium-term management plan, “CODE/CHORD 2030,” after falling short of all key targets in its previous plan, particularly due to weaker-than-expected monetization in its OLED materials bus...
Hodogaya Chemical to Renew and Tighten Takeover Defense Plan
May 15, 2026
Hodogaya Chemical has resolved to continue its takeover response policy, a set of countermeasures against large-scale share purchases, with partial amendments designed to better safeguard corporate value and shareholder interests. The revised plan...
Hodogaya Chemical Outlines FY2025 Results and FY2026 Forecasts
May 15, 2026
Hodogaya Chemical Co., Ltd. released an outline of its consolidated financial results for fiscal year 2025, ended March 2026, along with a breakdown of performance by business segment. The company also presented its financial and dividend forecast...
Hodogaya Chemical Posts Lower Profit, Warns of Sharper Earnings Drop Despite Sales Growth Outlook
May 15, 2026
Hodogaya Chemical reported fiscal 2026 consolidated net sales of ¥48.0 billion, down 1.1% year on year, with operating profit dropping 23.9% to ¥3.7 billion and profit attributable to owners of parent slipping 3.9% to ¥3.1 billion, ...
Hodogaya Chemical Lifts Full-Year Profit Forecast on Cost Cuts and FX Gains
Apr 27, 2026
Hodogaya Chemical Co., Ltd. has revised upward its consolidated forecast for the fiscal year ending March 31, 2026, expecting higher net sales, operating profit, ordinary profit, and profit attributable to owners compared with its previous project...
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.