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Nippon Chemical Industrial Co., Ltd.
(4092)
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Rating:74Outperform
Price Target:
¥6,843.00
▲(32.10% Upside)
Action:Reiterated
Date:06/02/26
The score is driven primarily by stable-to-improving fundamentals (earnings recovery and moderate leverage) offset by inconsistent free-cash-flow conversion, with technicals providing a strong boost due to clear bullish momentum; valuation is reasonable with a mid-range P/E and moderate yield.
Positive Factors
Specialized phosphorus portfolio
A focused product set in phosphorus-related inorganic chemicals underpins durable B2B relationships and technical know-how. Such specialization creates higher switching costs, specification-driven sales, and recurring industrial demand that support stable mid-term revenue and pricing power.
Negative Factors
Inconsistent free cash flow
Volatile FCF conversion undermines the company's ability to consistently return capital or deleverage. Episodic negative or very thin free cash flow suggests recurring capex or working-capital demands that limit discretionary investments, dividend sustainability, and buffer against demand shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialized phosphorus portfolio
A focused product set in phosphorus-related inorganic chemicals underpins durable B2B relationships and technical know-how. Such specialization creates higher switching costs, specification-driven sales, and recurring industrial demand that support stable mid-term revenue and pricing power.
Read all positive factors
Nippon Chemical Industrial Co., Ltd. (4092) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥52.19B
Dividend Yield2.02%
Average Volume (3M)39.26K
Price to Earnings (P/E)17.9
Beta (1Y)1.46
Revenue Growth3.45%
EPS Growth14.39%
CountryJP
Employees735
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)331.45
Shares Outstanding8,922,775
10 Day Avg. Volume37,430
30 Day Avg. Volume39,263
Financial Highlights & Ratios
PEG Ratio0.61
Price to Book (P/B)0.49
Price to Sales (P/S)0.61
P/FCF Ratio112.48
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)257
Revenue Forecast (FY)¥41.60B
Nippon Chemical Industrial Co., Ltd. Business Overview & Revenue Model
Company Description
Nippon Chemical Industrial Co., Ltd. (4092) is a Japanese chemical manufacturer focused on inorganic chemicals and related materials. The company develops, manufactures, and sells industrial chemicals used as raw materials or additives in downstre...
How the Company Makes Money
The company makes money primarily by manufacturing and selling inorganic chemical products, with its core earnings derived from phosphorus-related chemical materials (e.g., phosphate-based compounds) supplied to industrial customers. Revenue is ge...
Nippon Chemical Industrial Co., Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
74
Positive
Cash Flow
58
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 40.18B | 38.84B | 38.54B | 38.08B | 37.27B |
| Gross Profit | 7.95B | 8.68B | 7.29B | 6.27B | 9.04B |
| EBITDA | 6.11B | 6.85B | 5.92B | 4.58B | 6.99B |
| Net Income | 2.89B | 2.56B | 1.59B | 855.00M | 3.73B |
Balance Sheet | |||||
| Total Assets | 78.46B | 77.14B | 78.68B | 74.97B | 72.80B |
| Cash, Cash Equivalents and Short-Term Investments | 8.11B | 7.93B | 8.74B | 7.84B | 9.01B |
| Total Debt | 14.40B | 16.71B | 16.55B | 16.79B | 17.45B |
| Total Liabilities | 28.13B | 30.74B | 33.63B | 32.73B | 30.93B |
| Stockholders Equity | 50.32B | 46.40B | 45.05B | 42.24B | 41.87B |
Cash Flow | |||||
| Free Cash Flow | 219.00M | 1.19B | 1.10B | -1.25B | -3.00B |
| Operating Cash Flow | 5.37B | 6.37B | 6.15B | 1.49B | 1.98B |
| Investing Cash Flow | -3.36B | -5.07B | -4.41B | -2.82B | -3.08B |
| Financing Cash Flow | -1.87B | -2.42B | -870.00M | 102.00M | 120.00M |
Nippon Chemical Industrial Co., Ltd. Technical Analysis
Positive
5180.00
Price Trends
5027.10
Positive
4195.26
Positive
3551.48
Positive
Market Momentum
311.51
Negative
56.55
Neutral
74.49
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4092, the sentiment is Positive. The current price of 5180 is above the 20-day moving average (MA) of 5174.75, above the 50-day MA of 5027.10, and above the 200-day MA of 3551.48, indicating a bullish trend. The MACD of 311.51 indicates Negative momentum. The RSI at 56.55 is Neutral, neither overbought nor oversold. The STOCH value of 74.49 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4092.
Nippon Chemical Industrial Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ¥42.10B | 11.82 | ― | 1.90% | 4.09% | 49.33% | |
77 Outperform | ¥57.22B | 12.75 | ― | 2.92% | -2.70% | 18.12% | |
76 Outperform | ¥53.67B | 10.20 | ― | 5.04% | -6.31% | 6.67% | |
74 Outperform | ¥52.19B | 17.89 | ― | 2.32% | 3.45% | 14.39% | |
72 Outperform | ¥33.33B | 10.63 | ― | 2.37% | -1.11% | -3.99% | |
68 Neutral | ¥40.73B | 17.87 | ― | 3.77% | 10.19% | -3.23% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
JP:4092
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Nippon Chemical Industrial Co., Ltd. Corporate Events
Nippon Chemical Industrial Completes Restricted Stock Treasury Share Disposal
Jul 31, 2026
Nippon Chemical Industrial Co., Ltd. has completed the payment procedure for the disposal of treasury shares used as restricted stock-based compensation to its management. The transaction, approved by the board on July 1, 2026, involves the compan...
Nippon Chemical Industrial Launches Share Buyback to Boost Capital Efficiency and ROE
Jul 30, 2026
Nippon Chemical Industrial Co., Ltd. has approved a new share repurchase program, deciding to acquire up to 110,000 common shares, or about 1.27% of its outstanding stock excluding treasury shares, for a maximum total of 500 million yen through ma...
Nippon Chemical Industrial Doubles Dividend Forecast to Boost Shareholder Returns
Jul 30, 2026
Nippon Chemical Industrial Co., Ltd., a Japanese chemical manufacturer listed on the TSE Prime Market, is pursuing higher corporate value through improved profitability and capital efficiency, including the reduction of cross-shareholdings. These ...
Nippon Chemical Industrial Grants Restricted Shares to Management as Part of Incentive Plan
Jul 1, 2026
Nippon Chemical Industrial will dispose of 9,379 treasury shares as restricted share-based remuneration to two directors and 18 executive officers or general managers, at a price of ¥4,660 per share for a total of ¥43,706,140. The awards...
Nippon Chemical Industrial Corrects Segment Data in FY2026 Results
Jun 12, 2026
Nippon Chemical Industrial Co., Ltd. has issued a partial correction to its previously announced consolidated financial results for the fiscal year ended March 31, 2026 under Japanese GAAP. The company identified errors in the notes on segment inf...
Nippon Chemical Industrial Lifts Profit and Dividend Despite Weaker Margins
May 13, 2026
Nippon Chemical Industrial reported fiscal 2026 consolidated net sales of ¥40.2 billion, up 3.4% year on year, while operating profit fell 27.7% to ¥2.4 billion and ordinary profit declined 25.8%. Profit attributable to owners of the 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.