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Sumitomo Bakelite Co., Ltd.
(4203)
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Rating:74Outperform
Price Target:
¥8,348.00
▲(62.03% Upside)
Action:Reiterated
Date:05/13/26
Score driven primarily by strong financial stability (very low leverage) and improving profitability, tempered by weaker/variable cash-flow conversion. Technicals are supportive but overbought signals raise near-term risk, while valuation appears reasonable with only a modest dividend yield.
Positive Factors
Low leverage / strong balance sheet
Very low debt-to-equity and a conservatively positioned balance sheet materially reduce financial risk and enhance capital flexibility. Over 2-6 months this supports capacity to fund R&D, sustain qualifying supply to OEMs, pursue selective M&A, and weather cyclical demand swings without refinancing pressure.
Negative Factors
Volatile free cash flow conversion
Meaningful variability in FCF conversion and a notable year-over-year FCF decline constrain predictable funding for capex, dividends, or strategic investments. Over the medium term this volatility can limit ability to consistently finance growth initiatives or return cash to shareholders during weaker cash years.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
Very low debt-to-equity and a conservatively positioned balance sheet materially reduce financial risk and enhance capital flexibility. Over 2-6 months this supports capacity to fund R&D, sustain qualifying supply to OEMs, pursue selective M&A, and weather cyclical demand swings without refinancing pressure.
Read all positive factors
Sumitomo Bakelite Co., Ltd. (4203) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥612.18B
Dividend Yield1.82%
Average Volume (3M)219.79K
Price to Earnings (P/E)24.0
Beta (1Y)1.14
Revenue Growth4.95%
EPS Growth52.93%
CountryJP
Employees7,953
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)310.35
Shares Outstanding88,249,855
10 Day Avg. Volume194,370
30 Day Avg. Volume219,793
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)1.22
Price to Sales (P/S)1.32
P/FCF Ratio21.64
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)338.47
Revenue Forecast (FY)¥346.67B
Sumitomo Bakelite Co., Ltd. Business Overview & Revenue Model
Company Description
Sumitomo Bakelite Company Limited, established in 1932 and headquartered in Tokyo, Japan, operates worldwide alongside its subsidiaries. The company is engaged in the research, development, manufacturing, and global distribution of a diverse produ...
How the Company Makes Money
Sumitomo Bakelite makes money primarily by manufacturing and selling (1) resin materials and compounds and (2) value-added molded/processed components that incorporate its materials and processing know-how. Revenue is generated through business-to...
Sumitomo Bakelite Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
63
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 319.87B | 304.77B | 287.27B | 284.94B | 263.11B |
| Gross Profit | 100.11B | 93.55B | 85.71B | 81.35B | 80.41B |
| EBITDA | 53.49B | 42.91B | 45.45B | 40.84B | 39.40B |
| Net Income | 28.01B | 19.28B | 21.83B | 20.29B | 18.30B |
Balance Sheet | |||||
| Total Assets | 484.17B | 417.78B | 441.16B | 378.46B | 370.84B |
| Cash, Cash Equivalents and Short-Term Investments | 124.75B | 103.53B | 121.64B | 99.62B | 109.22B |
| Total Debt | 27.36B | 30.68B | 48.53B | 43.23B | 58.62B |
| Total Liabilities | 133.52B | 124.21B | 137.44B | 120.77B | 138.70B |
| Stockholders Equity | 347.19B | 290.67B | 301.16B | 255.36B | 229.78B |
Cash Flow | |||||
| Free Cash Flow | 19.56B | 28.07B | 18.27B | 8.65B | 15.51B |
| Operating Cash Flow | 35.00B | 43.71B | 40.22B | 23.62B | 27.92B |
| Investing Cash Flow | -7.93B | -15.60B | -21.12B | -15.65B | -10.47B |
| Financing Cash Flow | -13.58B | -44.88B | -6.28B | -22.95B | -19.31B |
Sumitomo Bakelite Co., Ltd. Technical Analysis
Positive
5152.00
Price Trends
6392.34
Positive
5874.53
Positive
5454.28
Positive
Market Momentum
342.97
Negative
66.92
Neutral
65.85
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4203, the sentiment is Positive. The current price of 5152 is below the 20-day moving average (MA) of 6940.45, below the 50-day MA of 6392.34, and below the 200-day MA of 5454.28, indicating a bullish trend. The MACD of 342.97 indicates Negative momentum. The RSI at 66.92 is Neutral, neither overbought nor oversold. The STOCH value of 65.85 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4203.
Sumitomo Bakelite Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥612.18B | 24.02 | 6.52% | 1.82% | 4.95% | 52.93% | |
73 Outperform | ¥343.18B | 11.34 | 5.47% | 3.41% | 0.55% | 26.28% | |
67 Neutral | ¥310.41B | 12.94 | 1.47% | 4.29% | -5.02% | ― | |
64 Neutral | ¥455.48B | 10.03 | 8.14% | 2.61% | -0.45% | 50.53% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ¥983.16B | -24.48 | -2.50% | 3.49% | -4.57% | -190.44% | |
55 Neutral | ¥349.48B | 35.39 | 9.34% | 4.27% | -1.18% | -80.61% |
* Basic Materials Sector Average
JP:4203
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Sumitomo Bakelite Co., Ltd. Corporate Events
Sumitomo Bakelite Grants Restricted Stock to Directors and Executives from Treasury Shares
Jun 24, 2026
Sumitomo Bakelite will dispose of 11,411 treasury shares as restricted stock compensation for five directors and twelve executive officers, at a price of 7,393 yen per share, totaling about 84.36 million yen. The move is part of an incentive plan ...
Sumitomo Bakelite Lifts Dividend as Profits and Equity Base Strengthen
May 11, 2026
Sumitomo Bakelite reported consolidated revenue of ¥319.9 billion for the year ended March 31, 2026, with business profit of ¥34.5 billion and operating profit of ¥30.8 billion, reflecting modest growth despite some profit margin pr...
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.