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Kansai Paint Co (4613) AI Stock Analysis
Kansai Paint Co
(TSE/TYO:4613)
The score is driven primarily by healthy but uneven fundamentals (revenue growth and improved gross margin offset by earnings volatility, higher leverage, and inconsistent cash conversion). Technicals add support due to a strong uptrend, though momentum looks stretched. Valuation is balanced, helped by a solid dividend yield and a moderate P/E.
Kansai Paint Co (4613) vs. iShares MSCI Japan ETF (EWJ)
- Market Cap
- JPY 3.08B
- Dividend Yield
- 3.89%
- Average Volume (3M)
- 887.63K
- Price to Earnings (P/E)
- 17.3
- Beta (1Y)
- 0.68
- Revenue Growth
- 2.53%
- EPS Growth
- -14.17%
- Country
- Japan
- Employees
- 16,739
- Sector
- Basic Materials
- Sector Strength
- 61
- Industry
- Chemicals - Specialty
Kansai Paint Co Business Overview & Revenue Model
Company Description
Kansai Paint Co., Ltd. operates as a worldwide manufacturer and supplier of paints and coatings, with a substantial presence across Japan, India, the broader Asian region, Africa, Europe, and various other international markets. The company's extensi...
How the Company Makes Money
Kansai Paint primarily makes money by selling coating products and related services across several end markets, with revenue recognized mainly from product shipments to business customers and distributors. Key revenue streams typically include: (1) A...
Kansai Paint Co Financial Statement Overview
Summary
Income statement is solid but volatile: revenue growth improved and gross margin rose in 2026, yet net margin declined versus 2025 and is far below 2024 levels. Balance sheet flexibility has weakened as debt increased meaningfully in 2025–2026, though equity remains sizable. Cash flow is improving (better 2026 FCF) but cash conversion has been inconsistent versus earnings.
Income Statement
70PositiveBalance Sheet
64PositiveCash Flow
60Neutral| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 583.99B | 588.83B | 589.79B | 562.28B | 509.07B | 419.19B |
| Gross Profit | 185.83B | 175.74B | 191.35B | 164.77B | 129.78B | 118.14B |
| EBITDA | 94.96B | 94.35B | 88.73B | 133.00B | 64.41B | 63.38B |
| Net Income | 38.81B | 38.31B | 31.64B | 67.11B | 25.20B | 26.53B |
Balance Sheet | ||||||
| Total Assets | 750.86B | 750.70B | 801.69B | 689.70B | 671.95B | 600.06B |
| Cash, Cash Equivalents and Short-Term Investments | 98.04B | 109.14B | 119.04B | 100.80B | 95.14B | 68.28B |
| Total Debt | 207.44B | 218.42B | 219.42B | 122.56B | 126.22B | 73.67B |
| Total Liabilities | 403.86B | 400.69B | 420.48B | 309.45B | 318.93B | 224.94B |
| Stockholders Equity | 271.33B | 269.41B | 300.06B | 309.96B | 292.91B | 320.02B |
Cash Flow | ||||||
| Free Cash Flow | 0 | 14.86B | 26.55B | 51.12B | 40.88B | 955.00M |
| Operating Cash Flow | 0 | 34.97B | 52.62B | 67.08B | 50.23B | 15.52B |
| Investing Cash Flow | 0 | -34.89B | -27.03B | -9.04B | -10.47B | -2.09B |
| Financing Cash Flow | 0 | -12.32B | -22.18B | -72.86B | -18.47B | -64.10B |
Kansai Paint Co Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4613, the sentiment is Positive. The current price of 2907.50 is above the 20-day moving average (MA) of 2884.67, above the 50-day MA of 2833.03, and above the 200-day MA of 2575.59, indicating a bullish trend. The MACD of 26.42 indicates Positive momentum. The RSI at 55.18 is Neutral, neither overbought nor oversold. The STOCH value of 12.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4613.
Kansai Paint Co Peers Comparison
Overall Rating
JP:461284Outperform
JP:463178Outperform
JP:440375Outperform- JP:461367.2Neutral
JP:462857Neutral
JP:461156.4Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| JP:4612 | 84Outperform | JPY 2.97T | 15.06 | 10.80% | 1.25% | 16.22% | 34.06% |
| JP:4631 | 78Outperform | JPY 467.32B | 8.28 | 12.05% | 4.46% | 6.29% | 101.67% |
| JP:4403 | 75Outperform | JPY 632.84B | 16.19 | 13.70% | 2.50% | 13.23% | 20.02% |
| JP:4613 | 67Neutral | JPY 490.57B | 17.27 | 10.26% | 3.89% | 2.53% | -14.17% |
| Sector * | 61Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
| JP:4628 | 57Neutral | JPY 166.83B | 10.13 | 8.48% | 1.25% | 8.62% | 68.78% |
| JP:4611 | 56Neutral | JPY 53.88B | 21.58 | ― | 3.05% | 25.27% | -70.96% |
* Basic Materials Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| JP:4613 | Kansai Paint Co | 2907.50 | 537.44 | 22.68% | |
| JP:4612 | Nippon Paint Holdings | 1276.00 | 308.35 | 31.87% | |
| JP:4631 | DIC Corporation | 4937.00 | 1497.20 | 43.53% | |
| JP:4403 | NOF Corporation | 2799.00 | 119.04 | 4.44% | |
| JP:4628 | SK Kaken Co | 10950.00 | 1979.67 | 22.07% | |
| JP:4611 | Dai Nippon Toryo Company, Limited | 1902.00 | 689.66 | 56.89% |
Kansai Paint Co Corporate Events
Kansai Paint Posts Higher Sales but Lower Profit, Raises Dividend Forecast
Kansai Paint reported consolidated net sales of ¥157.9 billion for the three months to June 30, 2026, up 9.1% year on year, but operating profit fell 14.3% to ¥10.5 billion and profit attributable to owners of parent dropped 23.6% to ¥...
Kansai Paint Lifts FY2027 Earnings and Dividend Forecasts on Strong Overseas Performance
Kansai Paint revised its consolidated forecast for the fiscal year ending March 31, 2027, raising expected net sales from ¥610 billion to ¥630 billion and increasing projections for operating, ordinary, and net profit, citing stronger-than-...
Kansai Paint to Make Turkish Affiliate a Wholly Owned Subsidiary
Kansai Paint’s board has approved the additional acquisition of shares in its Turkish equity-method affiliate Polisan Kansai Boya, turning it into a wholly owned, consolidated subsidiary. The move reflects the company’s view of Türki...
Kansai Paint Cuts Conversion Price on 2029 and 2031 Convertible Bonds After Dividend
Kansai Paint has adjusted the conversion prices on its zero coupon convertible bonds due 2029 and 2031, lowering them from ¥2,733.0 to ¥2,676.1 per share, effective April 1, 2026. The move reflects an automatic adjustment mechanism tied to...
Kansai Paint Launches ¥10 Billion Share Buyback to Boost Capital Efficiency
Kansai Paint Co., Ltd. has approved a share repurchase program aimed at boosting capital efficiency and enhancing returns to shareholders. The company is also considering cancelling the repurchased shares, which would reduce the number of shares outs...
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: Aug 11, 2026