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Harima Chemicals Group, Inc.
(4410)
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Rating:64Neutral
Price Target:
¥1,198.00
▲(29.23% Upside)
Action:Reiterated
Date:08/01/26
The score is driven primarily by improving (but still volatile) financial performance and elevated leverage, which keep the risk profile moderate despite the recovery. Technicals add support with price trading above key moving averages, and valuation is a positive with a reasonable P/E and strong dividend yield.
Positive Factors
Revenue Recovery and Expansion
The return to revenue growth after the 2024 decline indicates recovering demand across Harima Chemicals’ specialty products. Continued expansion would support operating leverage and reinforce its position as a supplier of rosin-derived and functional industrial materials.
Negative Factors
Elevated Leverage
Debt levels that approach or exceed equity reduce financial flexibility and can amplify earnings pressure when specialty-chemical demand or margins weaken. Higher leverage may also constrain investment and make the recovery more sensitive to operating volatility.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Recovery and Expansion
The return to revenue growth after the 2024 decline indicates recovering demand across Harima Chemicals’ specialty products. Continued expansion would support operating leverage and reinforce its position as a supplier of rosin-derived and functional industrial materials.
Read all positive factors
Harima Chemicals Group, Inc. (4410) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥27.88B
Dividend Yield3.65%
Average Volume (3M)54.44K
Price to Earnings (P/E)9.5
Beta (1Y)0.70
Revenue Growth3.71%
EPS Growth272.03%
CountryJP
Employees1,691
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)121.27
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. primarily manufactures and sells various chemicals in Japan, China, rest of Asia, South and North America, Europe, and internationally. The company operates through Resins and Chemicals, Paper Chemicals, Electronics Ma...
How the Company Makes Money
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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 | 106.73B | 103.76B | 101.01B | 92.33B | 94.51B | 76.09B |
| Gross Profit | 23.01B | 22.36B | 21.26B | 17.37B | 18.76B | 17.67B |
| EBITDA | 6.33B | 6.29B | 4.91B | 2.63B | 4.18B | 5.43B |
| Net Income | 2.95B | 2.35B | 763.00M | -1.16B | 885.73M | 1.75B |
Balance Sheet | ||||||
| Total Assets | 109.77B | 102.89B | 100.04B | 98.58B | 92.44B | 78.91B |
| Cash, Cash Equivalents and Short-Term Investments | 5.94B | 6.26B | 4.75B | 6.85B | 6.30B | 6.63B |
| Total Debt | 39.28B | 40.42B | 42.56B | 39.37B | 33.67B | 21.50B |
| Total Liabilities | 67.23B | 61.38B | 62.03B | 57.70B | 51.62B | 38.80B |
| Stockholders Equity | 41.82B | 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
1074.10
Positive
1019.77
Positive
964.01
Positive
Market Momentum
27.76
Negative
57.87
Neutral
47.92
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 1095.60, below the 50-day MA of 1074.10, and below the 200-day MA of 964.01, indicating a bullish trend. The MACD of 27.76 indicates Negative momentum. The RSI at 57.87 is Neutral, neither overbought nor oversold. The STOCH value of 47.92 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥45.37B | 15.51 | ― | 4.27% | 4.51% | 115.09% | |
74 Outperform | ¥46.65B | 18.27 | ― | 2.32% | 2.17% | 4.31% | |
67 Neutral | ¥30.92B | 12.15 | ― | 3.21% | 2.72% | 24.14% | |
64 Neutral | ¥27.88B | 9.48 | ― | 4.62% | 3.71% | 272.03% | |
63 Neutral | ¥29.26B | 16.05 | ― | 2.47% | 4.51% | 1.90% | |
62 Neutral | ¥25.67B | 15.26 | ― | 3.63% | 60.90% | 21.44% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
JP:4410
Harima Chemicals Group, Inc.
1,150.00
327.08
39.75%
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65.65%
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1,645.93
55.07%
Harima Chemicals Group, Inc. Corporate Events
Harima Chemicals Delivers Strong Q1 Earnings and Confirms Dividend Outlook
Jul 31, 2026
Harima Chemicals Group reported a robust start to the fiscal year ending March 31, 2027, with first-quarter net sales rising 11.5% year-on-year to ¥28,682 million and net income attributable to the group surging 153.4% to ¥996 million. O...
Harima Chemicals Books ¥3.7 Billion Gain on SunPine Share Sale
Jul 10, 2026
Harima Chemicals Group, Inc. has completed the previously announced sale of its indirectly held shares in Swedish company SunPine AB to fellow shareholder Preem, confirming that the proceeds have been received. The transaction crystallizes a gain ...
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...
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.