Harima Chemicals Group, Inc. (JP:4410)
:4410
Want to see JP:4410 full AI Analyst Report?
Top Page
Harima Chemicals Group, Inc.
(4410)
Select Model
Select Model
Rating:62Neutral
Price Target:
¥960.00
▲(3.56% Upside)
Action:ReiteratedDate:05/04/26
The score is supported primarily by attractive valuation (low P/E and high dividend yield). This is balanced by improving but still volatile financial performance with higher leverage, and weak-to-soft technical momentum with the stock trading below key moving averages and a negative MACD.
Positive Factors
Specialty product niche
Harima's focus on rosin-derived specialty chemicals creates a durable business model: natural feedstock conversion into differentiated additives for adhesives, inks, coatings and rubber supports stable industrial demand and product stickiness across cyclical end markets, aiding long-term revenue resilience.
Negative Factors
Elevated leverage
Moderate-to-elevated leverage amplifies earnings volatility and reduces financial flexibility. With debt around or above equity, the company faces higher interest and refinancing risk that can constrain investment, slow strategic initiatives, and increase sensitivity to cyclical downturns.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialty product niche
Harima's focus on rosin-derived specialty chemicals creates a durable business model: natural feedstock conversion into differentiated additives for adhesives, inks, coatings and rubber supports stable industrial demand and product stickiness across cyclical end markets, aiding long-term revenue resilience.
Read all positive factors
Harima Chemicals Group, Inc. (4410) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥22.80B
Dividend Yield4.62%
Average Volume (3M)54.44K
Price to Earnings (P/E)10.2
Beta (1Y)0.69
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. primarily manufactures and sells various chemicals and electronic materials in Japan, China, rest of Asia, South and North America, Europe, and internationally. It operates through Resin & Tall Oil Products, Paper Chem...
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
958.85
Negative
920.60
Positive
875.65
Positive
Market Momentum
-3.07
Negative
49.34
Neutral
38.00
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 above the 20-day moving average (MA) of 925.37, below the 50-day MA of 958.85, and above the 200-day MA of 875.65, indicating a neutral trend. The MACD of -3.07 indicates Negative momentum. The RSI at 49.34 is Neutral, neither overbought nor oversold. The STOCH value of 38.00 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 |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥34.60B | 9.15 | ― | 2.47% | 5.25% | 39.47% | |
76 Outperform | ¥25.43B | 6.46 | ― | 3.21% | 8.79% | 18.52% | |
74 Outperform | ¥29.31B | 18.11 | ― | 3.63% | 43.31% | 13.90% | |
73 Outperform | ¥30.10B | 12.16 | ― | 3.84% | -5.73% | -23.28% | |
62 Neutral | ¥22.80B | 10.21 | ― | 4.62% | 2.73% | 206.70% | |
62 Neutral | ¥24.84B | 9.97 | ― | 4.27% | 3.42% | -5.48% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
JP:4410
Harima Chemicals Group, Inc.
906.00
157.63
21.06%
JP:4064
Nippon Carbide Industries Company,Incorporated
2,702.00
1,072.09
65.78%
JP:4092
Nippon Chemical Industrial Co., Ltd.
3,420.00
1,400.65
69.36%
JP:4229
Gun Ei Chemical Industry Co., Ltd.
5,220.00
2,242.81
75.33%
JP:4968
Arakawa Chemical Industries,Ltd.
1,252.00
246.49
24.51%
JP:4973
Japan Pure Chemical Co., Ltd.
5,230.00
2,516.48
92.74%
Harima Chemicals Group, Inc. Corporate Events
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 ...
Harima Chemicals to Sell SunPine Stake, Reinvest Proceeds in Growth and Debt Reduction
Feb 19, 2026
Harima Chemicals Group has agreed to sell its shareholding in Swedish company SunPine AB, currently held indirectly through its subsidiary Lawter Europe BV, to existing shareholder Preem, also of Sweden. Harima originally invested in SunPine in 20...
Harima Chemicals to Divest SunPine Stake in Strategic Capital Shift
Feb 16, 2026
Harima Chemicals Group has decided to sell its entire 24.6% stake in Swedish joint venture SunPine AB, held via Lawter Europe BV, to existing shareholder VAROPreem AB, Sweden’s largest fuel refining and sales company, and is now negotiating ...
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.