Nissan Chemical Corporation (JP:4021)
:4021
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Nissan Chemical
(4021)
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Rating:75Outperform
Price Target:
¥6,792.00
▲(5.16% Upside)
Action:ReiteratedDate:02/11/26
The score is driven primarily by strong financial performance (high margins, low leverage, attractive ROE) and a reasonable valuation with a ~3% dividend. The main offset is technicals: the trend is strong, but RSI/Stoch are extremely overbought, increasing near-term pullback risk.
Positive Factors
High Profitability
Sustained high margins indicate durable product differentiation and pricing power typical in specialty chemicals. These margins support reinvestment, R&D and shareholder returns, reducing sensitivity to volume swings and enabling long-term margin resilience across cycles.
Negative Factors
Volatile Cash Conversion
Intermittent weakness in operating cash relative to reported earnings signals working-capital or timing swings that can impair ability to consistently convert profits into spendable cash. This raises execution risk for investment pacing and shareholder distributions.
Read all positive and negative factors
Positive Factors
Negative Factors
High Profitability
Sustained high margins indicate durable product differentiation and pricing power typical in specialty chemicals. These margins support reinvestment, R&D and shareholder returns, reducing sensitivity to volume swings and enabling long-term margin resilience across cycles.
Read all positive factors
Nissan Chemical (4021) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥829.15B
Dividend Yield3.15%
Average Volume (3M)563.95K
Price to Earnings (P/E)14.8
Beta (1Y)0.83
Revenue Growth10.06%
EPS Growth18.03%
CountryJP
Employees3,137
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)90.65
Shares Outstanding134,800,000
10 Day Avg. Volume567,690
30 Day Avg. Volume563,950
Financial Highlights & Ratios
PEG Ratio0.96
Price to Book (P/B)2.62
Price to Sales (P/S)2.43
P/FCF Ratio14.20
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥6,858.33Price Target Upside6.18% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)380.14
Revenue Forecast (FY)¥283.77B
Nissan Chemical Business Overview & Revenue Model
Company Description
Nissan Chemical Corporation engages in the chemicals, performance materials, agricultural chemicals, and pharmaceuticals businesses in Japan and internationally. Its chemical products include MELAMINE, an adhesive agent; high purity chemicals; AdB...
How the Company Makes Money
Nissan Chemical primarily earns revenue by selling specialty chemical products manufactured in-house to industrial customers and distributors, with revenue recognized from product shipments under supply contracts and purchase orders. Key revenue s...
Nissan Chemical Financial Statement Overview
Summary
Income Statement
83
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 271.97B | 251.37B | 226.71B | 228.06B | 207.97B | 209.12B |
| Gross Profit | 126.17B | 113.34B | 100.46B | 102.73B | 97.24B | 84.12B |
| EBITDA | 76.16B | 71.21B | 62.00B | 63.26B | 61.18B | 52.95B |
| Net Income | 46.38B | 43.04B | 38.03B | 41.09B | 38.78B | 33.47B |
Balance Sheet | ||||||
| Total Assets | 340.14B | 330.76B | 323.46B | 298.71B | 279.69B | 265.51B |
| Cash, Cash Equivalents and Short-Term Investments | 34.04B | 27.45B | 22.74B | 29.65B | 34.66B | 32.38B |
| Total Debt | 40.95B | 40.47B | 40.98B | 27.29B | 22.71B | 22.67B |
| Total Liabilities | 94.60B | 94.58B | 92.55B | 77.19B | 71.67B | 64.94B |
| Stockholders Equity | 241.84B | 233.29B | 227.47B | 218.42B | 205.91B | 198.83B |
Cash Flow | ||||||
| Free Cash Flow | 46.31B | 43.01B | 14.29B | 16.27B | 30.23B | 31.09B |
| Operating Cash Flow | 63.66B | 59.18B | 33.70B | 35.23B | 41.95B | 39.94B |
| Investing Cash Flow | -19.60B | -17.61B | -18.74B | -19.64B | -12.39B | -12.85B |
| Financing Cash Flow | -39.75B | -35.65B | -22.10B | -25.03B | -27.87B | -25.63B |
Nissan Chemical Technical Analysis
Positive
6459.00
Price Trends
6123.17
Negative
5671.78
Positive
5291.30
Positive
Market Momentum
-46.94
Positive
48.00
Neutral
59.58
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 above the 20-day moving average (MA) of 6130.67, above the 50-day MA of 6123.17, and above the 200-day MA of 5291.30, indicating a neutral trend. The MACD of -46.94 indicates Positive momentum. The RSI at 48.00 is Neutral, neither overbought nor oversold. The STOCH value of 59.58 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 |
|---|---|---|---|---|---|---|---|
84 Outperform | ¥12.73T | 18.04 | 11.19% | 2.17% | 3.77% | 0.35% | |
75 Outperform | ¥829.15B | 14.76 | 19.69% | 3.15% | 10.06% | 18.03% | |
66 Neutral | ¥744.13B | 10.74 | 4.79% | 4.21% | -1.21% | -27.21% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ¥866.05B | 3.83 | 8.79% | 2.68% | -1.64% | ― | |
60 Neutral | ¥516.17B | 67.20 | 1.02% | 3.37% | -1.94% | -84.08% | |
54 Neutral | ¥1.22T | -66.09 | 1.09% | 3.50% | -11.50% | 25.86% |
* Basic Materials Sector Average
JP:4021
Nissan Chemical
6,179.00
2,397.90
63.42%
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Nissan Chemical Corporate Events
Nissan Chemical Corrects Department Title in Management Change Notice
Feb 27, 2026
Nissan Chemical Corporation has issued a correction to its previously announced changes of directors and officers, clarifying the English name of a department within its Agricultural Chemicals Division. The revised title for Yasuyuki Ijima’s...
Nissan Chemical to Cancel 1 Million Treasury Shares, Tightening Share Base
Feb 26, 2026
Nissan Chemical Corporation has approved the cancellation of 1,000,000 of its own common shares, representing 0.74% of its issued shares, following a resolution at its Board of Directors meeting on February 26, 2026. The cancellation, scheduled fo...
Nissan Chemical Overhauls Executive Lineup and Risk, Production Structures
Feb 26, 2026
Nissan Chemical Corporation has announced a broad reshuffle of directors and officers effective April 1, 2026, realigning key management roles around digital transformation, risk management, sustainability, and global business oversight. Senior Ex...
Nissan Chemical Delivers Profit Growth and Confirms Outlook for FY2025
Feb 9, 2026
Nissan Chemical reported consolidated results for the nine months to Dec. 31, 2025, with net sales rising 11.8% year on year to ¥195.4 billion and net income attributable to owners of the parent climbing 10.5% to ¥35.0 billion, while bas...
Nissan Chemical Finalizes Share Buyback Tranche
Feb 4, 2026
Nissan Chemical completed a board-authorized share repurchase program by acquiring 26,400 shares for ¥144.2 million between February 1 and February 3, 2026 on the Tokyo Stock Exchange. The buyback brings cumulative purchases under the May 202...
Nissan Chemical Nears Completion of Share Buyback Program
Feb 3, 2026
Nissan Chemical Corporation has continued its share buyback program, repurchasing 380,000 common shares on the Tokyo Stock Exchange between January 1 and January 31, 2026, at a total cost of approximately 2.06 billion yen. This transaction forms p...
Nissan Chemical Progresses Share Buyback Program, Repurchasing 340,000 Shares in December
Jan 6, 2026
Nissan Chemical Corporation has continued its share repurchase program, buying 340,000 common shares on the Tokyo Stock Exchange between December 1 and December 31, 2025, at a total cost of approximately 1.8 billion yen. This transaction forms par...
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.