ISHIHARA SANGYO KAISHA, LTD. (JP:4028)
:4028
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ISHIHARA SANGYO KAISHA, LTD.
(4028)
Select Model
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Rating:70Outperform
Price Target:
¥3,233.00
▲(17.91% Upside)
Action:ReiteratedDate:02/18/26
The score is driven primarily by solid financial performance (growth, healthy margins, improving cash generation) and supportive valuation (low P/E and good dividend yield). These positives are tempered by technical overbought conditions and financial risks from declining EBIT margin and rising debt.
Positive Factors
Revenue Growth
Sustained top-line expansion indicates product demand across its pigment and agrochemical end markets. Durable revenue growth supports capacity utilization, long-term customer relationships, and reinvestment for higher-value product grades, underpinning multi-quarter cash generation potential.
Negative Factors
Declining EBIT Margin
A falling EBIT margin signals pressure on operating profitability from cost inflation or increased competition. If sustained, margin erosion reduces reinvestment ability and free cash flow conversion, constraining capital allocation and long-term returns despite revenue growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained top-line expansion indicates product demand across its pigment and agrochemical end markets. Durable revenue growth supports capacity utilization, long-term customer relationships, and reinvestment for higher-value product grades, underpinning multi-quarter cash generation potential.
Read all positive factors
ISHIHARA SANGYO KAISHA, LTD. (4028) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥114.35B
Dividend Yield4.15%
Average Volume (3M)208.83K
Price to Earnings (P/E)6.6
Beta (1Y)1.16
Revenue Growth1.16%
EPS Growth167.89%
CountryJP
Employees1,813
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)103.41
Shares Outstanding40,383,945
10 Day Avg. Volume200,680
30 Day Avg. Volume208,830
Financial Highlights & Ratios
PEG Ratio1.58
Price to Book (P/B)0.60
Price to Sales (P/S)0.47
P/FCF Ratio8.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)321.5
Revenue Forecast (FY)¥154.80B
ISHIHARA SANGYO KAISHA, LTD. Business Overview & Revenue Model
Company Description
Ishihara Sangyo Kaisha, Ltd. engages in the manufacture and sale of organic and inorganic chemicals in Japan, Asia, the United States, Europe, and internationally. The company offers titanium dioxide (TiO2) products under the TIPAQUE trade name, w...
How the Company Makes Money
The company makes money mainly by manufacturing and selling (1) titanium dioxide (TiO2) pigments and related inorganic/chemical products and (2) agrochemicals (crop-protection chemicals). In the pigments/chemical materials business, revenue is gen...
ISHIHARA SANGYO KAISHA, LTD. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
68
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 150.16B | 145.20B | 138.46B | 131.24B | 110.95B | 101.77B |
| Gross Profit | 42.95B | 41.10B | 39.16B | 35.09B | 34.08B | 30.52B |
| EBITDA | 19.62B | 16.23B | 17.48B | 13.97B | 16.21B | 10.68B |
| Net Income | 10.28B | 8.41B | 7.99B | 6.95B | 11.69B | 3.37B |
Balance Sheet | ||||||
| Total Assets | 237.33B | 225.83B | 225.05B | 201.91B | 185.76B | 180.02B |
| Cash, Cash Equivalents and Short-Term Investments | 30.69B | 24.95B | 19.98B | 17.66B | 27.07B | 25.94B |
| Total Debt | 65.59B | 68.94B | 68.06B | 52.92B | 46.83B | 58.04B |
| Total Liabilities | 121.73B | 111.38B | 118.93B | 104.48B | 93.89B | 100.50B |
| Stockholders Equity | 115.41B | 114.27B | 106.07B | 97.43B | 91.87B | 79.52B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 8.53B | -10.35B | -10.64B | 12.02B | -1.40B |
| Operating Cash Flow | 0.00 | 18.33B | -2.81B | -6.02B | 16.50B | 4.75B |
| Investing Cash Flow | 0.00 | -11.41B | -7.04B | -5.02B | -4.32B | -6.16B |
| Financing Cash Flow | 0.00 | -2.34B | 11.52B | 1.05B | -11.60B | 6.36B |
ISHIHARA SANGYO KAISHA, LTD. Technical Analysis
Positive
2742.00
Price Trends
3127.26
Negative
2895.09
Positive
2541.30
Positive
Market Momentum
-101.16
Negative
47.83
Neutral
54.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4028, the sentiment is Positive. The current price of 2742 is below the 20-day moving average (MA) of 2911.32, below the 50-day MA of 3127.26, and above the 200-day MA of 2541.30, indicating a neutral trend. The MACD of -101.16 indicates Negative momentum. The RSI at 47.83 is Neutral, neither overbought nor oversold. The STOCH value of 54.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4028.
ISHIHARA SANGYO KAISHA, LTD. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥119.27B | 10.07 | ― | 3.72% | 5.40% | 14.80% | |
76 Outperform | ¥79.99B | 6.04 | ― | 3.04% | 1.57% | -33.97% | |
70 Outperform | ¥114.35B | 6.63 | ― | 4.15% | 1.16% | 167.89% | |
69 Neutral | ¥2.37T | 13.66 | 11.64% | 1.52% | 9.81% | 32.64% | |
68 Neutral | ¥421.81B | 7.90 | 13.71% | 3.38% | 0.29% | 27.84% | |
65 Neutral | ¥357.80B | 10.69 | 8.14% | 2.61% | -1.45% | ― | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
JP:4028
ISHIHARA SANGYO KAISHA, LTD.
2,862.00
1,329.49
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ISHIHARA SANGYO KAISHA, LTD. Corporate Events
Ishihara Sangyo Kaisha Hikes Earnings and Dividend Forecasts for Fiscal 2026
Feb 13, 2026
Ishihara Sangyo Kaisha has raised its full-year consolidated earnings forecast for the fiscal year ending March 2026, citing strong performance in its organic chemicals segment and favorable foreign exchange movements. While titanium dioxide in th...
Ishihara Sangyo Kaisha Lifts Profit Outlook and Dividends on Strong Nine-Month Results
Feb 13, 2026
Ishihara Sangyo Kaisha reported consolidated net sales of ¥108.1 billion for the nine months ended 31 December 2025, up 2.5% year on year, while operating profit nearly tripled to ¥11.1 billion and profit attributable to owners of parent...
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.