Shinto Paint Co., Ltd. (4615) AI Stock Analysis

Shinto Paint Co., Ltd.

(TSE/TYO:4615)

Select Model

Rating:59Neutral

Price Target:JPY 156.00▲(10.64% Upside)

Action:reiterated

Date:08/17/26

Shinto Paint Co., Ltd. earns a score of 59, primarily buoyed by strong technical momentum and a recent positive shift in free cash flow generation. However, the rating is heavily constrained by significant fundamental weaknesses, including ongoing net losses, poor profitability metrics, and a negative P/E ratio that severely impacts its valuation.

Positive Factors

Operating improvementThe return to modest revenue growth alongside positive EBIT and improved gross margin indicates that operating performance is recovering. If maintained, this combination can strengthen internal funding capacity and provide a foundation for more durable profitability over the next several quarters.

Negative Factors

Persistent net lossesDespite improved EBIT, the company has not yet translated operating progress into sustainable bottom-line earnings. Continued net losses weaken earnings quality, limit retained capital generation, and leave the recovery dependent on further improvement in profitability below the operating line.

Shinto Paint Co., Ltd. (4615) vs. iShares MSCI Japan ETF (EWJ)

Market Cap: JPY 4.80B
Dividend Yield: ―
Average Volume (3M): 60.28K
Price to Earnings (P/E): -10.2
Beta (1Y): 0.19
Revenue Growth: 3.37%
EPS Growth: -81.97%
Country: Japan
Employees: 399
Sector: Basic Materials
Sector Strength: 61
Industry: Industrial - Specialties

Shinto Paint Co., Ltd. Business Overview & Revenue Model

Company Description

Shinto Paint Company, Limited manufactures, processes, and sells synthetic resin paints, pigments, synthetic fats/oils, fats/oils, and chemicals in Japan. The company also provides electronic equipment, optical communication equipment, magnetic equip...

How the Company Makes Money

Shinto Paint Co., Ltd. makes money primarily by selling coating products (paints and related coating materials) to customers that require surface protection and finishing in industrial settings. Revenue is generated from (1) product sales of coatings...

Shinto Paint Co., Ltd. Financial Statement Overview

Summary

Reflects a mixed financial profile. Despite a conservatively capitalized balance sheet (0.39 D/E) and a robust 2026 turnaround in free cash flow, persistent net losses and an steadily eroding equity base weigh heavily on the company's fundamental strength.

Income Statement

35Negative

Balance Sheet

60Neutral

Cash Flow

65Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	21.63B	21.48B	20.76B	18.95B	19.04B	19.14B
Gross Profit	3.56B	3.51B	3.53B	2.94B	2.31B	3.36B
EBITDA	854.00M	816.00M	865.00M	321.00M	-1.01B	-336.00M
Net Income	-471.00M	-593.00M	-60.00M	-497.00M	-1.81B	-1.82B
Balance Sheet
Total Assets	31.40B	31.21B	32.01B	33.04B	33.86B	32.64B
Cash, Cash Equivalents and Short-Term Investments	2.75B	3.08B	2.72B	3.46B	4.47B	2.72B
Total Debt	4.60B	5.10B	5.03B	5.75B	6.21B	3.57B
Total Liabilities	17.16B	16.98B	17.39B	18.83B	19.47B	16.47B
Stockholders Equity	13.18B	13.10B	13.60B	13.27B	13.50B	15.30B
Cash Flow
Free Cash Flow	0	558.00M	-563.00M	-343.00M	-1.03B	-811.00M
Operating Cash Flow	0	919.00M	-30.00M	53.00M	-536.00M	150.00M
Investing Cash Flow	0	-419.00M	-362.00M	-321.00M	-113.00M	-979.00M
Financing Cash Flow	0	-158.00M	-367.00M	-761.00M	2.39B	196.00M

Shinto Paint Co., Ltd. Technical Analysis

Technical Analysis SentimentPositive

Last Price141.00

Price Trends

50DMA134.18Positive

100DMA131.16Positive

200DMA128.66Positive

Market Momentum

MACD2.83Negative

RSI56.56Neutral

STOCH29.03Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4615, the sentiment is Positive. The current price of 141.00 is above the 20-day moving average (MA) of 137.75, above the 50-day MA of 134.18, and above the 200-day MA of 128.66, indicating a bullish trend. The MACD of 2.83 indicates Negative momentum. The RSI at 56.56 is Neutral, neither overbought nor oversold. The STOCH value of 29.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4615.

Shinto Paint Co., Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (61)

Financial Indicators

JP:4615 against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
JP:4624	86Outperform	JPY 6.29B	9.71	―	1.20%	6.22%	42.74%
JP:4612	84Outperform	JPY 2.97T	15.06	10.80%	1.25%	16.22%	34.06%
JP:4623	74Outperform	JPY 6.31B	8.70	―	3.23%	14.27%	13.63%
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:4615	59Neutral	JPY 4.80B	-10.17	―	―	3.37%	-81.97%
JP:4611	56Neutral	JPY 53.88B	21.58	―	3.05%	25.27%	-70.96%

* Basic Materials Sector Average

Performance Comparison

JP:4615 and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
JP:4615	Shinto Paint Co., Ltd.	141.00	14.00	11.02%
JP:4613	Kansai Paint Co	2907.50	537.44	22.68%
JP:4612	Nippon Paint Holdings	1276.00	308.35	31.87%
JP:4611	Dai Nippon Toryo Company, Limited	1902.00	689.66	56.89%
JP:4623	Asahipen Corporation	1860.00	196.43	11.81%
JP:4624	Isamu Paint Co., Ltd.	4175.00	730.37	21.20%

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: Aug 17, 2026

Shinto Paint Co., Ltd. AI Stock Analysis