Harima Chemicals Group, Inc. (JP:4410)
:4410
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Harima Chemicals Group, Inc.
(4410)
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Rating:68Neutral
Price Target:
¥1,206.00
▲(30.10% Upside)
Action:Reiterated
Date:06/09/26
The score is driven by strong technical strength and supportive valuation (low P/E and high dividend yield). These positives are tempered by only middling financial performance due to volatility in profitability and cash generation and higher-than-ideal leverage.
Positive Factors
Specialized product mix & repeatable electronic materials
Harima's core focus on rosin-derived specialty chemicals and electronic materials creates product differentiation and technical entry barriers. Qualification-driven sales in electronics and performance requirements in adhesives/inks support repeat orders, pricing power, and durable customer stickiness over months to years.
Negative Factors
Elevated leverage
Debt levels around or above equity raise financial risk and constrain capital-allocation flexibility. Elevated leverage amplifies earnings volatility, limits ability to pursue growth investments, and increases sensitivity to interest-rate or demand shocks, making multi-quarter recovery plans more fragile.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialized product mix & repeatable electronic materials
Harima's core focus on rosin-derived specialty chemicals and electronic materials creates product differentiation and technical entry barriers. Qualification-driven sales in electronics and performance requirements in adhesives/inks support repeat orders, pricing power, and durable customer stickiness over months to years.
Read all positive factors
Harima Chemicals Group, Inc. (4410) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥27.71B
Dividend Yield4.62%
Average Volume (3M)54.44K
Price to Earnings (P/E)11.6
Beta (1Y)0.70
Revenue Growth2.73%
EPS Growth206.70%
CountryJP
Employees1,734
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)32.61
Shares Outstanding26,080,397
10 Day Avg. Volume48,570
30 Day Avg. Volume54,443
Financial Highlights & Ratios
PEG Ratio0.05
Price to Book (P/B)0.54
Price to Sales (P/S)0.21
P/FCF Ratio5.16
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
Harima Chemicals Group, Inc. Business Overview & Revenue Model
Company Description
Harima Chemicals Group, Inc., established in Tokyo, Japan, in 1947, is a global manufacturer and supplier of a wide array of chemicals and electronic materials. Its extensive market presence covers Japan, China, the broader Asian continent, both N...
How the Company Makes Money
Harima Chemicals Group generates revenue primarily through the sale of specialty chemical products manufactured by the group. A key revenue stream comes from pine-chemical (rosin) products: the company produces rosin and processes it into higher v...
Harima Chemicals Group, Inc. Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
55
Neutral
Cash Flow
49
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 102.92B | 103.76B | 101.01B | 92.33B | 94.51B | 76.09B |
| Gross Profit | 22.40B | 22.36B | 21.26B | 17.37B | 18.76B | 17.67B |
| EBITDA | 5.22B | 6.29B | 4.91B | 2.63B | 4.18B | 5.43B |
| Net Income | 791.00M | 2.35B | 763.00M | -1.16B | 885.73M | 1.75B |
Balance Sheet | ||||||
| Total Assets | 101.00B | 102.89B | 100.04B | 98.58B | 92.44B | 78.91B |
| Cash, Cash Equivalents and Short-Term Investments | 4.93B | 6.26B | 4.75B | 6.85B | 6.30B | 6.63B |
| Total Debt | 42.03B | 40.42B | 42.56B | 39.37B | 33.67B | 21.50B |
| Total Liabilities | 64.06B | 61.38B | 62.03B | 57.70B | 51.62B | 38.80B |
| Stockholders Equity | 36.27B | 40.80B | 37.33B | 37.22B | 37.10B | 36.74B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 4.28B | 684.00M | -2.94B | -3.99B | 243.85M |
| Operating Cash Flow | 0.00 | 7.86B | 6.14B | 353.00M | -466.24M | 2.83B |
| Investing Cash Flow | 0.00 | -1.71B | -4.98B | -3.20B | -6.65B | -3.44B |
| Financing Cash Flow | 0.00 | -4.85B | -3.67B | 2.90B | 7.66B | 2.11B |
Harima Chemicals Group, Inc. Technical Analysis
Positive
927.00
Price Trends
994.94
Positive
976.49
Positive
920.72
Positive
Market Momentum
34.44
Positive
55.98
Neutral
50.30
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4410, the sentiment is Positive. The current price of 927 is below the 20-day moving average (MA) of 1093.55, below the 50-day MA of 994.94, and above the 200-day MA of 920.72, indicating a bullish trend. The MACD of 34.44 indicates Positive momentum. The RSI at 55.98 is Neutral, neither overbought nor oversold. The STOCH value of 50.30 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4410.
Harima Chemicals Group, Inc. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥48.85B | 16.83 | ― | 3.84% | 3.45% | 14.22% | |
74 Outperform | ¥34.47B | 18.98 | ― | 3.63% | 43.31% | 13.91% | |
68 Neutral | ¥27.71B | 11.59 | ― | 4.62% | 2.73% | 206.70% | |
67 Neutral | ¥35.82B | 13.73 | ― | 3.21% | 2.43% | 17.77% | |
65 Neutral | ¥31.58B | 16.34 | ― | 2.47% | 2.49% | 2.71% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
58 Neutral | ¥43.31B | 18.97 | ― | 4.27% | 2.37% | -16.75% |
* Basic Materials Sector Average
JP:4410
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Harima Chemicals Group, Inc. Corporate Events
Harima Chemicals Maintains Annual Dividend Payout at 42 Yen per Share
May 19, 2026
Harima Chemicals Group, Inc. has approved a year-end dividend of 21 yen per share for the fiscal year ended March 31, 2026, matching its previous forecast and the prior year’s payout. The total distribution will amount to approximately 510 m...
Harima Chemicals Overhauls Top Management in Planned Leadership Succession
Apr 30, 2026
Harima Chemicals Group, Inc. is reshaping its top management as part of efforts to bolster its governance and support long‑term corporate value in a shifting business environment. The company’s leadership track record includes expandin...
Harima Chemicals Books Extraordinary Gain and Impairment Loss on Subsidiary Assets
Apr 30, 2026
Harima Chemicals Group has reported extraordinary items for the fiscal year ended March 31, 2026, stemming from asset transactions at a consolidated subsidiary. The company booked a ¥321 million gain on the sale of former employees’ dor...
Harima Chemicals Group Posts Profit Surge and Lifts Outlook While Keeping Dividend Steady
Apr 30, 2026
Harima Chemicals Group reported steady growth for the fiscal year ended March 31, 2026, with net sales rising 2.7% to ¥103.8 billion and operating income jumping 57.6%, while net income attributable to the company more than tripled, boosting ...
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.