Proprietary Technology & Industrial NicheOwning microwave-assisted process technology and delivering engineering, equipment and licensing creates a durable business model. The mix of services, pilot-to-production equipment sales and IP licensing provides multiple monetization paths and positions the company as a specialist partner in process intensification.

Margin Improvement And Operational EfficiencySustained gross margin strength and recovering net/EBITDA margins indicate the company is converting technical know‑how into profitable projects. Improved unit economics support reinvestment in engineering and R&D and make core operations more resilient to cyclical revenue swings.

Moderately Stable Balance SheetA healthy equity ratio and manageable leverage reduce refinancing and solvency risk over the medium term. This capital structure supports continued project financing and R&D spending without excessive short-term liquidity strain, improving capacity to scale commercial deployments.

Bears Say

Persistent Negative Free Cash FlowOngoing negative free cash flow signals that reported profits are not reliably converting to cash, creating dependence on external financing. That constrains ability to fund capex for equipment sales, extend project financing, or absorb delayed customer rollouts without raising cost of capital.

Uneven And Lumpy Revenue GrowthProject-based sales and long pilot-to-production cycles make top-line performance volatile. This uneven revenue pattern undermines forecasting, increases working capital needs, and can delay margin gains from scale if project conversions slip or customer adoption is slower than anticipated.

Commercialization & Execution RiskThe business depends on converting pilots into commercial plants — a process with long sales cycles, engineering complexity and customer adoption barriers. Execution failures or slow customer deployment materially limit revenue scaling and prolong the period of negative cash conversion.

9227 FAQ

What was Microwave Chemical Co., Ltd.’s price range in the past 12 months?

Microwave Chemical Co., Ltd. lowest stock price was ¥345.00 and its highest was ¥1620.00 in the past 12 months.

What is Microwave Chemical Co., Ltd.’s market cap?

Microwave Chemical Co., Ltd.’s market cap is ¥16.62B.

When is Microwave Chemical Co., Ltd.’s upcoming earnings report date?

Microwave Chemical Co., Ltd.’s upcoming earnings report date is May 08, 2026 which is in 74 days.

How were Microwave Chemical Co., Ltd.’s earnings last quarter?

Microwave Chemical Co., Ltd. released its earnings results on Feb 10, 2026. The company reported -¥7.32 earnings per share for the quarter, missing the consensus estimate of N/A by -¥7.32.

Is Microwave Chemical Co., Ltd. overvalued?

According to Wall Street analysts Microwave Chemical Co., Ltd.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Microwave Chemical Co., Ltd. pay dividends?

Microwave Chemical Co., Ltd. does not currently pay dividends.

What is Microwave Chemical Co., Ltd.’s EPS estimate?

Microwave Chemical Co., Ltd.’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Microwave Chemical Co., Ltd. have?

Microwave Chemical Co., Ltd. has 15,892,500 shares outstanding.

What happened to Microwave Chemical Co., Ltd.’s price movement after its last earnings report?

Microwave Chemical Co., Ltd. reported an EPS of -¥7.32 in its last earnings report, missing expectations of N/A. Following the earnings report the stock price went up 4.915%.

Which hedge fund is a major shareholder of Microwave Chemical Co., Ltd.?

Currently, no hedge funds are holding shares in JP:9227

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Microwave Chemical Co., Ltd.

Microwave Chemical Co., Ltd. researches, develops, engineers, and licenses microwave chemical process in Japan. It also operates a microwave chemical plant. The company was incorporated in 2007 and is headquartered in Suita, Japan.