Sumitomo Bakelite Co., Ltd. (JP:4203)
:4203
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Sumitomo Bakelite Co., Ltd.
(4203)
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Rating:74Outperform
Price Target:
¥7,494.00
▲(45.46% Upside)
Action:Reiterated
Date:05/13/26
Score driven primarily by strong financial stability (very low leverage) and improving profitability, tempered by weaker/variable cash-flow conversion. Technicals are supportive but overbought signals raise near-term risk, while valuation appears reasonable with only a modest dividend yield.
Positive Factors
Conservative balance sheet
Very low leverage meaningfully reduces refinancing and solvency risk and preserves financial flexibility. That durability allows the company to fund R&D, capex or strategic moves, maintain supplier/OEM credibility, and better withstand cyclical downturns without costly external financing.
Negative Factors
Volatile cash conversion
Variation in free cash flow conversion and a significant year-over-year FCF decline reduce predictability of internal funding. This volatility can limit steady capital deployment for capex, dividends or strategic projects and weakens the company’s cushion during industry slowdowns.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Very low leverage meaningfully reduces refinancing and solvency risk and preserves financial flexibility. That durability allows the company to fund R&D, capex or strategic moves, maintain supplier/OEM credibility, and better withstand cyclical downturns without costly external financing.
Read all positive factors
Sumitomo Bakelite Co., Ltd. (4203) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥549.18B
Dividend Yield1.82%
Average Volume (3M)219.79K
Price to Earnings (P/E)22.2
Beta (1Y)1.04
Revenue Growth4.95%
EPS Growth52.94%
CountryJP
Employees7,953
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)310.35
Shares Outstanding88,249,855
10 Day Avg. Volume194,370
30 Day Avg. Volume219,793
Financial Highlights & Ratios
PEG Ratio0.29
Price to Book (P/B)1.22
Price to Sales (P/S)1.32
P/FCF Ratio21.64
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)326.93
Revenue Forecast (FY)¥336.70B
Sumitomo Bakelite Co., Ltd. Business Overview & Revenue Model
Company Description
Sumitomo Bakelite Co., Ltd. (4203) is a leading Japanese manufacturer specializing in the production of high-performance plastics and resins. The company operates primarily in sectors such as automotive, electronics, and industrial materials, prov...
How the Company Makes Money
Sumitomo Bakelite makes money primarily by manufacturing and selling (1) resin materials and compounds and (2) value-added molded/processed components that incorporate its materials and processing know-how. Revenue is generated through business-to...
Sumitomo Bakelite Co., Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
86
Very Positive
Cash Flow
63
Positive
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 319.87B | 304.77B | 287.27B | 284.94B | 263.11B |
| Gross Profit | 100.11B | 93.55B | 85.71B | 81.35B | 80.41B |
| EBITDA | 48.75B | 42.91B | 45.45B | 40.84B | 39.40B |
| Net Income | 28.01B | 19.28B | 21.83B | 20.29B | 18.30B |
Balance Sheet | |||||
| Total Assets | 484.17B | 417.78B | 441.16B | 378.46B | 370.84B |
| Cash, Cash Equivalents and Short-Term Investments | 124.75B | 103.53B | 121.64B | 99.62B | 109.22B |
| Total Debt | 27.36B | 30.68B | 48.53B | 43.23B | 58.62B |
| Total Liabilities | 133.52B | 124.21B | 137.44B | 120.77B | 138.70B |
| Stockholders Equity | 347.19B | 290.67B | 301.16B | 255.36B | 229.78B |
Cash Flow | |||||
| Free Cash Flow | 19.56B | 28.07B | 18.27B | 8.65B | 15.51B |
| Operating Cash Flow | 35.00B | 43.71B | 40.22B | 23.62B | 27.92B |
| Investing Cash Flow | -7.93B | -15.60B | -21.12B | -15.65B | -10.47B |
| Financing Cash Flow | -13.58B | -44.88B | -6.28B | -22.95B | -19.31B |
Sumitomo Bakelite Co., Ltd. Technical Analysis
Positive
5152.00
Price Trends
5610.66
Positive
5506.21
Positive
5217.30
Positive
Market Momentum
358.84
Negative
71.41
Negative
74.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4203, the sentiment is Positive. The current price of 5152 is below the 20-day moving average (MA) of 6342.10, below the 50-day MA of 5610.66, and below the 200-day MA of 5217.30, indicating a bullish trend. The MACD of 358.84 indicates Negative momentum. The RSI at 71.41 is Negative, neither overbought nor oversold. The STOCH value of 74.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4203.
Sumitomo Bakelite Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥549.18B | 22.24 | 6.52% | 1.82% | 4.95% | 52.94% | |
73 Outperform | ¥321.38B | 10.92 | 5.47% | 3.41% | 0.55% | 25.37% | |
67 Neutral | ¥286.05B | 12.02 | 1.47% | 4.29% | -5.02% | ― | |
64 Neutral | ¥453.12B | 10.07 | 8.14% | 2.61% | -0.45% | 50.53% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ¥1.05T | -26.78 | -2.50% | 3.49% | -4.57% | -190.44% | |
55 Neutral | ¥331.26B | 34.75 | 9.34% | 4.27% | -1.18% | -78.57% |
* Basic Materials Sector Average
JP:4203
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Sumitomo Bakelite Co., Ltd. Corporate Events
Sumitomo Bakelite Lifts Dividend as Profits and Equity Base Strengthen
May 11, 2026
Sumitomo Bakelite reported consolidated revenue of ¥319.9 billion for the year ended March 31, 2026, with business profit of ¥34.5 billion and operating profit of ¥30.8 billion, reflecting modest growth despite some profit margin pr...
Sumitomo Bakelite Raises Dividend Forecast for Fiscal 2025–26
Mar 30, 2026
Sumitomo Bakelite Co., Ltd. has revised its dividend policy for the fiscal year ending March 31, 2026, reflecting its emphasis on stable shareholder returns alongside efforts to enhance corporate value. The board has decided to increase the planne...
Sumitomo Bakelite Adds Veteran Executive Masayuki Hoshi as Director Candidate
Mar 30, 2026
Sumitomo Bakelite has moved to expand and reshape its board structure by nominating Masayuki Hoshi as an additional director candidate, following its previously announced leadership changes scheduled around the June 2026 shareholders’ meetin...
Sumitomo Bakelite to Cancel 5.87% of Outstanding Shares to Streamline Capital Structure
Feb 27, 2026
Sumitomo Bakelite Co., Ltd. has resolved to cancel 5,508,100 shares of its common stock, representing 5.87% of its outstanding shares, following a decision by its board of directors under Japan’s Companies Act. The cancellation, scheduled fo...
Sumitomo Bakelite Announces Leadership Reshuffle and Executive Transitions
Feb 27, 2026
Sumitomo Bakelite has announced changes to its top management, including the planned retirement of Representative Director and Executive Vice President Masayuki Inagaki following the June 2026 shareholders meeting. Inagaki is scheduled to become a...
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.