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Nissan Chemical
(4021)
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Rating:74Outperform
Price Target:
¥8,777.00
▲(35.89% Upside)
Action:Reiterated
Date:08/11/26
The score is driven primarily by strong underlying financial performance—high margins, solid ROE, and low leverage—partly tempered by less consistent cash conversion. Technicals are neutral-to-soft (negative MACD with otherwise neutral RSI/Stoch), while valuation appears reasonable with a mid-level P/E and a ~2.6% dividend yield.
Positive Factors
High profitability
Sustained high margins and a strong ROE indicate durable pricing power and efficient capital use across the company's specialty-chemicals and materials businesses. This margin profile supports reinvestment, R&D and dividend capacity, and cushions returns through normal demand cycles.
Negative Factors
Subpar cash conversion
Cash conversion lagging reported earnings and volatility in 2023–2024 imply working-capital swings or investment timing that can erode free cash available for debt reduction, buybacks or extra capex. Over time, inconsistent cash conversion weakens financial predictability and returns.
Read all positive and negative factors
Positive Factors
Negative Factors
High profitability
Sustained high margins and a strong ROE indicate durable pricing power and efficient capital use across the company's specialty-chemicals and materials businesses. This margin profile supports reinvestment, R&D and dividend capacity, and cushions returns through normal demand cycles.
Read all positive factors
Nissan Chemical (4021) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥1.07T
Dividend Yield2.53%
Average Volume (3M)563.95K
Price to Earnings (P/E)20.4
Beta (1Y)1.03
Revenue Growth9.89%
EPS Growth18.20%
CountryJP
Employees3,411
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)391.80
Shares Outstanding134,800,000
10 Day Avg. Volume567,690
30 Day Avg. Volume563,950
Financial Highlights & Ratios
PEG Ratio0.93
Price to Book (P/B)3.17
Price to Sales (P/S)2.89
P/FCF Ratio17.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥8,837.50Price Target Upside36.82% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
EPS Forecast (FY)401.15
Revenue Forecast (FY)¥294.51B
Nissan Chemical Business Overview & Revenue Model
Company Description
Founded in Tokyo in 1887, Nissan Chemical Corporation conducts its diverse business operations both domestically in Japan and across international markets, specializing in four key areas: chemicals, performance materials, agricultural chemicals, a...
How the Company Makes Money
Nissan Chemical makes money primarily by selling specialty chemical products and materials to industrial and agricultural customers. A key revenue stream is its agricultural chemicals business, where the company earns sales from crop protection pr...
Nissan Chemical Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
86
Very Positive
Cash Flow
74
Positive
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 288.51B | 279.59B | 251.37B | 226.71B | 228.06B | 207.97B |
| Gross Profit | 136.67B | 130.94B | 113.34B | 100.46B | 102.73B | 97.24B |
| EBITDA | 85.72B | 81.81B | 74.55B | 66.11B | 67.84B | 64.45B |
| Net Income | 52.66B | 49.71B | 43.04B | 38.03B | 41.09B | 38.78B |
Balance Sheet | ||||||
| Total Assets | 359.95B | 355.08B | 330.76B | 323.46B | 298.71B | 279.69B |
| Cash, Cash Equivalents and Short-Term Investments | 35.18B | 35.73B | 27.45B | 22.74B | 29.65B | 34.66B |
| Total Debt | 44.31B | 38.45B | 40.47B | 40.98B | 27.29B | 22.71B |
| Total Liabilities | 104.78B | 96.02B | 94.58B | 92.55B | 77.19B | 71.67B |
| Stockholders Equity | 251.22B | 255.26B | 233.29B | 227.47B | 218.42B | 205.91B |
Cash Flow | ||||||
| Free Cash Flow | 50.45B | 45.27B | 43.01B | 14.29B | 16.27B | 30.23B |
| Operating Cash Flow | 69.05B | 64.16B | 59.18B | 33.70B | 35.23B | 41.95B |
| Investing Cash Flow | -24.01B | -21.18B | -17.61B | -18.74B | -19.64B | -12.39B |
| Financing Cash Flow | -45.22B | -36.16B | -35.65B | -22.10B | -25.03B | -27.87B |
Nissan Chemical Technical Analysis
Positive
6459.00
Price Trends
7955.54
Positive
7398.20
Positive
6487.58
Positive
Market Momentum
53.09
Negative
52.77
Neutral
64.79
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4021, the sentiment is Positive. The current price of 6459 is below the 20-day moving average (MA) of 7734.65, below the 50-day MA of 7955.54, and below the 200-day MA of 6487.58, indicating a bullish trend. The MACD of 53.09 indicates Negative momentum. The RSI at 52.77 is Neutral, neither overbought nor oversold. The STOCH value of 64.79 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4021.
Nissan Chemical Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥1.07T | 20.36 | 20.55% | 3.15% | 9.89% | 18.20% | |
69 Neutral | ¥11.94T | 23.58 | 10.90% | 1.58% | 0.62% | -2.72% | |
63 Neutral | ¥919.48B | 8.67 | 6.28% | 2.51% | -5.54% | 995.46% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
60 Neutral | ¥553.79B | 67.93 | 0.44% | 2.91% | 2.93% | -46.99% | |
57 Neutral | ¥1.56T | -38.14 | 0.66% | 2.60% | -7.96% | 106.67% | |
57 Neutral | ¥845.16B | 15.17 | 5.11% | 3.52% | -0.63% | 15.92% |
* Basic Materials Sector Average
JP:4021
Nissan Chemical
7,978.00
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Nissan Chemical Corporate Events
Nissan Chemical to Dispose of Treasury Shares for Executive Stock Incentive Trust
Aug 7, 2026
Nissan Chemical has approved the disposal of 271,000 treasury shares, worth about ¥2.05 billion, to fund an additional contribution to its performance-linked stock compensation plan for internal directors and executive officers. The shares, r...
Nissan Chemical Posts Double-Digit Profit Growth and Lifts Dividend Outlook
Aug 7, 2026
Nissan Chemical reported strong results for the quarter ended June 30, 2026, with net sales rising 12.8% year-on-year to ¥78.8 billion and net income attributable to owners of the parent climbing 21.2% to ¥16.8 billion, reflecting improv...
Nissan Chemical Updates Market on Progress of Share Buyback Program
Aug 4, 2026
Nissan Chemical Corporation has disclosed the latest progress in its ongoing share repurchase program, buying 92,900 common shares on the Tokyo Stock Exchange between July 1 and July 31, 2026 at a total cost of 792,240,900 yen. This transaction fo...
Nissan Chemical Advances Share Buyback Under Board-Approved Program
Jul 2, 2026
Nissan Chemical has disclosed the progress of its ongoing share repurchase program, confirming the acquisition of 425,000 common shares on the Tokyo Stock Exchange between June 1 and June 30, 2026 for a total outlay of 3.24 billion yen. This activ...
Nissan Chemical Weighs Reduction of Share Investment Unit to Broaden Investor Base
Jun 25, 2026
Nissan Chemical has clarified its stance on potentially reducing the investment unit size of its shares, acknowledging that such a move can help broaden its investor base and invigorate trading in its stock. The company’s latest investment u...
Nissan Chemical Launches ¥10.5 Billion Share Buyback to Boost Capital Flexibility
May 15, 2026
Nissan Chemical’s board has approved a share repurchase program authorizing the buyback of up to 2.1 million common shares, equivalent to 1.56% of its outstanding stock, for a total of up to ¥10.5 billion. The buyback, scheduled to run ...
Nissan Chemical Lifts Profit, Dividend and Expands Semiconductor Footprint in FY2026
May 15, 2026
Nissan Chemical reported strong consolidated results for the year ended March 31, 2026, with net sales rising 11.2% to ¥279.6 billion and net income attributable to owners of the parent climbing 15.5% to ¥49.7 billion. Profitability rema...
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.