Harima Chemicals Group, Inc. (JP:4410)
:4410
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Harima Chemicals Group, Inc.
(4410)
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Rating:66Neutral
Price Target:
¥1,087.00
▲(17.26% Upside)
Action:ReiteratedDate:10/23/25
The overall stock score reflects a strong financial performance with significant improvements in profitability and cash flow. Technical analysis indicates a neutral trend with some bullish momentum, while valuation suggests the stock is relatively expensive but offers a good dividend yield. The absence of earnings call data and corporate events limits additional insights.
Positive Factors
Improved cash generation
Operating cash flow rebounded to ¥6,145m and free cash flow turned positive with an OCF-to-net-income ratio of 8.05 and FCF-to-net-income of 0.90. This durable cash conversion supports reinvestment, dividend coverage and debt service, improving financial flexibility over the medium term.
Negative Factors
Rising leverage
A debt-to-equity ratio of 1.14 and a noted increase in leverage reduce financial flexibility and raise interest and refinancing risk. Higher leverage can constrain capital allocation and magnify earnings volatility in downturns, requiring careful debt management over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
Operating cash flow rebounded to ¥6,145m and free cash flow turned positive with an OCF-to-net-income ratio of 8.05 and FCF-to-net-income of 0.90. This durable cash conversion supports reinvestment, dividend coverage and debt service, improving financial flexibility over the medium term.
Read all positive factors
Harima Chemicals Group, Inc. (4410) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥23.56B
Dividend Yield4.62%
Average Volume (3M)54.44K
Price to Earnings (P/E)5.8
Beta (1Y)0.67
Revenue Growth7.19%
EPS GrowthN/A
CountryJP
Employees1,734
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)39.94
Shares Outstanding26,080,397
10 Day Avg. Volume48,570
30 Day Avg. Volume54,443
Financial Highlights & Ratios
PEG Ratio-0.16
Price to Book (P/B)0.55
Price to Sales (P/S)0.20
P/FCF Ratio30.14
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 its chemical products, which include high-performance polymers, resins, coatings, and specialty chemicals. The company benefits from multiple key revenue streams, including dir...
Harima Chemicals Group, Inc. Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
70
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 102.92B | 101.01B | 92.33B | 94.51B | 76.09B | 62.85B |
| Gross Profit | 22.40B | 21.26B | 17.37B | 18.76B | 17.67B | 14.65B |
| EBITDA | 5.22B | 4.91B | 2.63B | 4.18B | 5.43B | 3.93B |
| Net Income | 791.00M | 763.00M | -1.16B | 885.73M | 1.75B | 1.09B |
Balance Sheet | ||||||
| Total Assets | 101.00B | 100.04B | 98.58B | 92.44B | 78.91B | 69.39B |
| Cash, Cash Equivalents and Short-Term Investments | 4.93B | 4.75B | 6.85B | 6.30B | 6.63B | 3.48B |
| Total Debt | 42.03B | 42.56B | 39.37B | 33.67B | 21.50B | 17.68B |
| Total Liabilities | 64.06B | 62.03B | 57.70B | 51.62B | 38.80B | 31.95B |
| Stockholders Equity | 36.27B | 37.33B | 37.22B | 37.10B | 36.74B | 34.57B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 684.00M | -2.94B | -3.99B | 243.85M | 781.36M |
| Operating Cash Flow | 0.00 | 6.14B | 353.00M | -466.24M | 2.83B | 3.01B |
| Investing Cash Flow | 0.00 | -4.98B | -3.20B | -6.65B | -3.44B | -1.86B |
| Financing Cash Flow | 0.00 | -3.67B | 2.90B | 7.66B | 2.11B | -1.56B |
Harima Chemicals Group, Inc. Technical Analysis
Positive
927.00
Price Trends
958.43
Negative
913.85
Positive
869.34
Positive
Market Momentum
-7.86
Negative
55.21
Neutral
75.13
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 930.83, below the 50-day MA of 958.43, and above the 200-day MA of 869.34, indicating a neutral trend. The MACD of -7.86 indicates Negative momentum. The RSI at 55.21 is Neutral, neither overbought nor oversold. The STOCH value of 75.13 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 | ¥34.73B | 9.15 | ― | 2.47% | 3.53% | 8.36% | |
77 Outperform | ¥26.90B | 6.28 | ― | 3.63% | 18.02% | 18.04% | |
76 Outperform | ¥26.20B | 6.46 | ― | 3.21% | 9.61% | 173.72% | |
72 Outperform | ¥26.24B | 12.16 | ― | 3.84% | -3.41% | -12.83% | |
66 Neutral | ¥23.56B | 5.80 | ― | 4.62% | 7.19% | ― | |
62 Neutral | ¥25.75B | 9.97 | ― | 4.27% | 5.72% | 28.92% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
JP:4410
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Harima Chemicals Group, Inc. Corporate Events
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 ...
Harima Chemicals Lifts FY2025 Profit Forecast on Strong Resins and Semiconductor Materials
Jan 30, 2026
Harima Chemicals Group has revised its fiscal 2025 consolidated earnings forecast, leaving net sales unchanged at ¥108 billion but substantially raising profit projections, with operating income expected to rise to ¥3.3 billion, ordinary...
Harima Chemicals Group Lifts Full-Year Profit Outlook on Strong Q3 Earnings
Jan 30, 2026
Harima Chemicals Group reported steady topline growth and sharply improved profitability for the third quarter of the fiscal year ending March 31, 2026, with net sales up 2.9% year on year to ¥77.9 billion and net income attributable to the 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.