Nihon Kagaku Sangyo Co., Ltd. (JP:4094)
:4094
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Nihon Kagaku Sangyo Co., Ltd.
(4094)
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Rating:68Neutral
Price Target:
¥2,286.00
▼(-7.19% Downside)
Action:Downgraded
Date:05/16/26
The score is primarily supported by strong financial stability (debt-free balance sheet) and solid operating performance, partially offset by inconsistent cash-flow conversion. The biggest headwind is weak technical momentum with the stock trading below major moving averages and negative MACD, while valuation is helped by an attractive dividend yield but moderated by a mid-range P/E.
Positive Factors
Balance Sheet Strength
A zero-debt, equity-growing balance sheet materially reduces refinancing and solvency risk for a specialty chemicals firm. This conservative capital structure preserves strategic optionality for cyclical downturns, supports consistent dividend/capex policies, and underpins long-term operational resilience.
Negative Factors
Inconsistent Cash Conversion
Weak and volatile cash conversion—OCF and FCF materially below reported earnings and uneven across years—creates execution risk. It limits the firm’s capacity to sustainably fund capex, dividends, or M&A from operations, increasing reliance on reserves and reducing financial predictability over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance Sheet Strength
A zero-debt, equity-growing balance sheet materially reduces refinancing and solvency risk for a specialty chemicals firm. This conservative capital structure preserves strategic optionality for cyclical downturns, supports consistent dividend/capex policies, and underpins long-term operational resilience.
Read all positive factors
Nihon Kagaku Sangyo Co., Ltd. (4094) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥39.06B
Dividend Yield3.77%
Average Volume (3M)19.74K
Price to Earnings (P/E)20.3
Beta (1Y)0.58
Revenue Growth10.19%
EPS Growth-3.24%
CountryJP
Employees448
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)121.67
Shares Outstanding20,280,000
10 Day Avg. Volume14,430
30 Day Avg. Volume19,740
Financial Highlights & Ratios
PEG Ratio-6.28
Price to Book (P/B)0.91
Price to Sales (P/S)1.65
P/FCF Ratio25.22
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)N/A
Revenue Forecast (FY)N/A
Nihon Kagaku Sangyo Co., Ltd. Business Overview & Revenue Model
Company Description
Nihon Kagaku Sangyo Co., Ltd. produces and sells industrial chemicals and building materials in Japan and internationally. It offers various inorganic metal products, including copper, tin, nickel, cobalt, bismuth, chromium, manganese, antimony, z...
How the Company Makes Money
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Nihon Kagaku Sangyo Co., Ltd. Financial Statement Overview
Summary
Income Statement
73
Positive
Balance Sheet
90
Very Positive
Cash Flow
62
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 25.78B | 28.03B | 25.44B | 22.44B | 24.06B | 23.72B |
| Gross Profit | 6.17B | 6.92B | 6.15B | 5.26B | 5.88B | 7.19B |
| EBITDA | 3.93B | 4.51B | 3.94B | 3.29B | 3.95B | 5.26B |
| Net Income | 2.37B | 2.28B | 2.36B | 1.74B | 2.23B | 3.24B |
Balance Sheet | ||||||
| Total Assets | 54.55B | 61.69B | 54.30B | 52.93B | 50.06B | 49.49B |
| Cash, Cash Equivalents and Short-Term Investments | 20.20B | 20.78B | 15.42B | 19.69B | 18.81B | 16.99B |
| Total Debt | 140.00M | 0.00 | 264.28M | 374.53M | 374.74M | 374.88M |
| Total Liabilities | 8.12B | 10.87B | 7.83B | 7.27B | 6.70B | 7.51B |
| Stockholders Equity | 46.43B | 50.82B | 46.48B | 45.66B | 43.36B | 41.97B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 1.84B | 1.70B | 1.99B | 2.42B | 1.46B |
| Operating Cash Flow | 0.00 | 3.39B | 3.30B | 3.10B | 3.06B | 2.76B |
| Investing Cash Flow | 0.00 | 4.12B | -11.45B | -1.32B | -655.42M | -954.77M |
| Financing Cash Flow | 0.00 | -2.03B | -1.27B | -999.52M | -633.05M | -981.63M |
Nihon Kagaku Sangyo Co., Ltd. Technical Analysis
Negative
2463.00
Price Trends
2404.05
Negative
2478.99
Negative
2360.32
Negative
Market Momentum
-107.81
Positive
24.86
Positive
7.72
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4094, the sentiment is Negative. The current price of 2463 is above the 20-day moving average (MA) of 2272.05, above the 50-day MA of 2404.05, and above the 200-day MA of 2360.32, indicating a bearish trend. The MACD of -107.81 indicates Positive momentum. The RSI at 24.86 is Positive, neither overbought nor oversold. The STOCH value of 7.72 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4094.
Nihon Kagaku Sangyo Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥176.43B | 12.35 | ― | 3.50% | 4.44% | 4.49% | |
76 Outperform | ¥87.39B | 18.62 | 6.31% | 4.01% | 1.41% | 7.59% | |
76 Outperform | ¥52.52B | 8.97 | ― | 5.04% | -6.31% | 6.66% | |
72 Outperform | ¥34.80B | 12.94 | ― | 2.37% | -1.11% | -3.98% | |
68 Neutral | ¥39.06B | 20.31 | ― | 3.77% | 10.19% | -3.24% | |
65 Neutral | ¥53.35B | 19.62 | ― | 4.37% | -3.84% | -43.55% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
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Nihon Kagaku Sangyo Co., Ltd. Corporate Events
Nihon Kagaku Sangyo Lifts Dividend as Sales Rise but Forecasts Profit Squeeze
May 14, 2026
Nihon Kagaku Sangyo reported consolidated net sales of ¥28.0 billion for the fiscal year ended March 31, 2026, up 10.2% year on year, with operating profit rising 19.0% to ¥3.4 billion and ordinary profit up 18.8% to ¥3.8 billion. P...
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.