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Harima Chemicals Group, Inc. (4410) AI Stock Analysis

JP:4410

Harima Chemicals Group, Inc.

(TSE/TYO:4410)

Select Model
Rating:70Outperform
Price Target:JPY 1,491.00â–²(10.04% Upside)
Action:upgraded
Date:10/31/26

The score is supported primarily by improving but still moderate financial performance, with strong technical momentum and favorable valuation providing additional support. The elevated RSI signals near-term overbought risk, while leverage and cash-flow volatility remain important financial risks.

Positive Factors
Diversified specialty chemicals portfolioThe company serves several industrial and electronics-related applications rather than relying on a single product category. This breadth can support customer diversification, broaden revenue opportunities, and help offset weakness in any one end market over the next several quarters.
Negative Factors
Elevated leverageDebt at or above equity leaves the balance sheet more leveraged than ideal for a specialty chemicals company. This can amplify earnings swings and reduce financial flexibility, making it harder to absorb weaker operating conditions while maintaining investment and shareholder commitments.

Harima Chemicals Group, Inc. (4410) vs. iShares MSCI Japan ETF (EWJ)

-10%0%10%20%30%40%50%60%70%JP:4410+61.50%EWJ+15.87%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
JPY 32.94B
Dividend Yield
3.39%
Average Volume (3M)
97.44K
Price to Earnings (P/E)
11.2
Beta (1Y)
0.71
Revenue Growth
9.51%
EPS Growth
320.91%
Country
Japan
Employees
1,691
Sector
Basic Materials
Sector Strength
61
Industry
Chemicals - Specialty

Harima Chemicals Group, Inc. Business Overview & Revenue Model

Company Description

Harima Chemicals Group, Inc. primarily manufactures and sells various chemicals in Japan, China, rest of Asia, South and North America, Europe, and internationally. The company operates through Resins and Chemicals, Paper Chemicals, Electronics Mater...

How the Company Makes Money

Harima Chemicals Group makes money primarily by selling specialty chemical products to industrial customers, with revenue recognized from product shipments under supply contracts and ongoing customer purchase orders. Key revenue streams include: (1)...

Harima Chemicals Group, Inc. Financial Statement Overview

Summary

Revenue, earnings, and cash generation have recovered, but profitability and returns remain moderate. Leverage and historically volatile cash flow limit the strength of the financial profile.

Income Statement

68Positive

Balance Sheet

63Positive

Cash Flow

58Neutral
Financial statement breakdown
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue106.73B103.76B101.01B92.33B94.51B76.09B
Gross Profit23.01B22.36B21.26B17.37B18.76B17.67B
EBITDA6.33B6.29B4.91B2.63B4.18B5.43B
Net Income2.95B2.35B763.00M-1.16B885.73M1.75B
Balance Sheet
Total Assets109.77B102.89B100.04B98.58B92.44B78.91B
Cash, Cash Equivalents and Short-Term Investments5.94B6.26B4.75B6.85B6.30B6.63B
Total Debt39.28B40.42B42.56B39.37B33.67B21.50B
Total Liabilities67.23B61.38B62.03B57.70B51.62B38.80B
Stockholders Equity41.82B40.80B37.33B37.22B37.10B36.74B
Cash Flow
Free Cash Flow04.28B684.00M-2.94B-3.99B243.85M
Operating Cash Flow07.86B6.14B353.00M-466.24M2.83B
Investing Cash Flow0-1.71B-4.98B-3.20B-6.65B-3.44B
Financing Cash Flow0-4.85B-3.67B2.90B7.66B2.11B

Harima Chemicals Group, Inc. Technical Analysis

Technical Analysis SentimentPositive
Last Price1355.00

Price Trends

50DMA1104.30Positive
100DMA1079.46Positive
200DMA1008.22Positive

Market Momentum

MACD8.69Negative
RSI77.44Negative
STOCH65.84Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4410, the sentiment is Positive. The current price of 1355.00 is above the 20-day moving average (MA) of 1099.65, above the 50-day MA of 1104.30, and above the 200-day MA of 1008.22, indicating a bullish trend. The MACD of 8.69 indicates Negative momentum. The RSI at 77.44 is Negative, neither overbought nor oversold. The STOCH value of 65.84 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4410.

Harima Chemicals Group, Inc. Peers Comparison

Overall Rating

UnderperformOutperform
Sector (61)

Financial Indicators

JP:4410 against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
JP:4064JP:406480OutperformJPY 31.72B12.13―3.50%2.72%24.14%
JP:4968JP:496876OutperformJPY 38.55B13.00―2.54%4.51%115.09%
JP:4229JP:422976OutperformJPY 28.34B15.02―2.30%7.06%17.79%
JP:4092JP:409272OutperformJPY 42.69B16.29―3.71%2.17%4.31%
JP:4410JP:441070OutperformJPY 34.10B11.17―3.39%9.51%320.91%
JP:4973JP:497364NeutralJPY 23.31B12.87―6.06%62.23%35.18%
Sector *61Neutral$10.43B7.12-0.05%2.87%2.86%-36.73%

* Basic Materials Sector Average

Performance Comparison

0%50%100%JP:4410JP:4064JP:4092JP:4229JP:4968JP:4973Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
JP:4410 and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
JP:4410Harima Chemicals Group, Inc.1355.00490.0656.66%
JP:4064Nippon Carbide Industries Company,Incorporated3370.001323.6264.68%
JP:4092Nippon Chemical Industrial Co., Ltd.4850.002163.9680.56%
JP:4229Gun Ei Chemical Industry Co., Ltd.4275.001027.4031.64%
JP:4968Arakawa Chemical Industries,Ltd.1943.00863.1179.93%
JP:4973Japan Pure Chemical Co., Ltd.4160.001235.9342.27%

Harima Chemicals Group, Inc. Corporate Events

Harima Chemicals Hikes Forecasts and Dividends After Strong Second Quarter Beat

Oct 30, 2026

Harima Chemicals Group reported that its consolidated second-quarter results for the period ended September 30, 2026 significantly outperformed its April forecast, with net sales, operating income and net income all exceeding expectations on the back...

Harima Chemicals Delivers Profit Surge and Hikes Dividend as Full-Year Outlook Rises

Oct 30, 2026

Harima Chemicals Group, Inc., a Tokyo-listed specialty chemical manufacturer, reported solid growth in the first half of the fiscal year ending March 31, 2027, driven by higher net sales and improved profitability. The company continues to leverage i...

Harima Chemicals to Exit Loss-Making New Zealand Pine Chemicals Unit

Oct 7, 2026

Harima Chemicals Group has decided to withdraw from the business of LAWTER (N.Z.) Limited, its consolidated subsidiary in New Zealand that manufactures terpene derivatives, tall oil fatty acids and tall oil rosin. The unit has faced prolonged operati...

Harima Chemicals Group Overhauls Management Structure With New Chief Officer Roles

Sep 7, 2026

Harima Chemicals Group has approved the introduction of a chief officer management structure to reinforce group-wide governance and accelerate decision-making. The move is aimed at clearly separating oversight and execution roles while deepening enga...

Harima Chemicals Delivers Strong Q1 Earnings and Confirms Dividend Outlook

Jul 31, 2026

Harima Chemicals Group reported a robust start to the fiscal year ending March 31, 2027, with first-quarter net sales rising 11.5% year-on-year to ¥28,682 million and net income attributable to the group surging 153.4% to ¥996 million. Oper...

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.

Date of analysis: Oct 31, 2026