Recurring B2B Specialty Chemicals ModelNicca's core business is manufacturing specialty chemicals and providing customized formulations to industrial customers, creating high switching costs. Solution-oriented development and consumption-based reorder dynamics produce repeat, volume-linked revenue that supports predictable cash generation and durable customer relationships over the medium term.

Improving Margins And ProfitabilitySustained improvement in gross and net margins signals better production efficiency, pricing power or product mix gains. Higher margins enhance the firm's ability to fund investments and dividends, and provide a structural cushion that improves earnings durability through industrial cycles and supports long-term return on capital.

Stronger Balance Sheet And Lower LeverageA materially higher equity ratio and much lower debt/equity reduce financial risk and interest burden, increasing flexibility to fund growth or return cash. Improved ROE alongside de-leveraging indicates more efficient capital use, strengthening resilience to shocks and enabling strategic investments without excessive refinancing risk.

Bears Say

Rising Total LiabilitiesDespite lower leverage ratios, rising absolute total liabilities may reflect growing payables, deferred obligations or contingent liabilities. Over time this trend can pressure cash conversion, increase refinancing needs, and limit capital allocation flexibility, creating a structural risk to balance-sheet resilience if not matched by asset growth.

Revenue Volatility In Recent YearsRevenue declines in 2022-23 point to cyclicality or sensitivity to end-market demand and possible customer concentration. Persistent top-line volatility reduces predictability of earnings and investment planning, can exacerbate margin swings in downturns, and raises execution risk for multi-year strategic projects.

Significant Capital ExpendituresElevated capex levels weigh on free cash flow conversion despite recent improvements. If capex is capacity- or compliance-driven without proportional revenue gains, it can compress cash returns to shareholders and limit flexibility for M&A or R&D. Sustained high capex raises execution and ROI risk over the medium term.

4463 FAQ

What was Nicca Chemical Co., Ltd.’s price range in the past 12 months?

Nicca Chemical Co., Ltd. lowest stock price was ¥1158.00 and its highest was ¥1711.00 in the past 12 months.

What is Nicca Chemical Co., Ltd.’s market cap?

Nicca Chemical Co., Ltd.’s market cap is ¥26.70B.

When is Nicca Chemical Co., Ltd.’s upcoming earnings report date?

Nicca Chemical Co., Ltd.’s upcoming earnings report date is Apr 24, 2026 which is in 67 days.

How were Nicca Chemical Co., Ltd.’s earnings last quarter?

Nicca Chemical Co., Ltd. released its earnings results on Feb 13, 2026. The company reported ¥48.52 earnings per share for the quarter, beating the consensus estimate of N/A by ¥48.52.

Is Nicca Chemical Co., Ltd. overvalued?

According to Wall Street analysts Nicca Chemical Co., Ltd.’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Nicca Chemical Co., Ltd. pay dividends?

Nicca Chemical Co., Ltd. pays a Semiannually dividend of ¥30 which represents an annual dividend yield of 3.53%. See more information on Nicca Chemical Co., Ltd. dividends here

What is Nicca Chemical Co., Ltd.’s EPS estimate?

Nicca Chemical Co., Ltd.’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Nicca Chemical Co., Ltd. have?

Nicca Chemical Co., Ltd. has 17,710,000 shares outstanding.

What happened to Nicca Chemical Co., Ltd.’s price movement after its last earnings report?

Nicca Chemical Co., Ltd. reported an EPS of ¥48.52 in its last earnings report, beating expectations of N/A. Following the earnings report the stock price went up 5.152%.

Which hedge fund is a major shareholder of Nicca Chemical Co., Ltd.?

Currently, no hedge funds are holding shares in JP:4463

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Nicca Chemical Co., Ltd.

Nicca Chemical Co., Ltd. (4463) is a Japanese company specializing in the production of specialty chemicals, primarily for the textiles, cosmetics, and personal care industries. Established in 1941, the company has developed a diverse portfolio of products, including surfactants, emulsifiers, and various chemical additives that enhance the performance and quality of consumer goods. Nicca Chemical operates in multiple sectors, providing tailored solutions that meet the evolving needs of its global customer base.