Nicca Chemical Co., Ltd. (JP:4463)
:4463
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Nicca Chemical Co., Ltd.
(4463)
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Rating:64Neutral
Price Target:
¥1,967.00
▲(32.91% Upside)
Action:ReiteratedDate:05/01/26
The score is held back mainly by 2025 funding risk—negative free cash flow and a sharp rise in debt—despite improving operating performance. Technicals are modestly supportive with price above key moving averages but mixed momentum. Valuation is a key positive due to the low P/E and solid dividend yield.
Positive Factors
Consistent Revenue Growth
Revenue increased steadily across 2023–2025, reflecting sustained demand for specialty chemical products and stable B2B repeat sales. This durable top-line growth supports long-term market position, product adoption, and the potential for operating leverage as volumes and mix improve.
Negative Factors
Sharp Debt Increase in 2025
A near-doubling of total debt materially increases financial leverage and interest exposure, reducing flexibility to invest or absorb shocks. Given industry cyclicality, heightened leverage raises refinancing and funding risk over the next several months if cash generation weakens or rates rise.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent Revenue Growth
Revenue increased steadily across 2023–2025, reflecting sustained demand for specialty chemical products and stable B2B repeat sales. This durable top-line growth supports long-term market position, product adoption, and the potential for operating leverage as volumes and mix improve.
Read all positive factors
Nicca Chemical Co., Ltd. (4463) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥29.99B
Dividend Yield3.53%
Average Volume (3M)9.92K
Price to Earnings (P/E)6.9
Beta (1Y)0.16
Revenue Growth4.47%
EPS Growth9.89%
CountryJP
Employees1,531
SectorBasic Materials
Sector Strength58
IndustryChemicals
Share Statistics
EPS (TTM)159.99
Shares Outstanding17,710,000
10 Day Avg. Volume8,470
30 Day Avg. Volume9,916
Financial Highlights & Ratios
PEG Ratio-0.75
Price to Book (P/B)0.70
Price to Sales (P/S)0.44
P/FCF Ratio-3.87
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
Nicca Chemical Co., Ltd. Business Overview & Revenue Model
Company Description
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...
How the Company Makes Money
Nicca Chemical makes money primarily by selling specialty chemical products to business customers (B2B). Revenue is generated through (1) product sales of chemical agents used in textile dyeing, finishing, and processing—typically supplied to text...
Nicca Chemical Co., Ltd. Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
62
Positive
Cash Flow
45
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 55.23B | 55.70B | 54.10B | 50.17B | 50.63B | 48.47B |
| Gross Profit | 19.88B | 20.20B | 19.44B | 16.65B | 16.36B | 16.22B |
| EBITDA | 6.01B | 5.98B | 5.74B | 4.31B | 5.04B | 4.95B |
| Net Income | 2.54B | 2.38B | 2.75B | 1.69B | 2.12B | 2.60B |
Balance Sheet | ||||||
| Total Assets | 64.77B | 74.05B | 62.37B | 58.23B | 57.31B | 55.71B |
| Cash, Cash Equivalents and Short-Term Investments | 10.62B | 11.85B | 10.73B | 8.34B | 7.05B | 7.66B |
| Total Debt | 13.47B | 18.54B | 10.00B | 9.37B | 10.43B | 11.84B |
| Total Liabilities | 29.17B | 35.70B | 25.81B | 25.40B | 26.92B | 28.39B |
| Stockholders Equity | 32.72B | 35.20B | 33.65B | 30.13B | 27.96B | 25.05B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -6.37B | 2.41B | 2.94B | 970.00M | 3.28B |
| Operating Cash Flow | 0.00 | 5.54B | 6.03B | 4.09B | 2.32B | 4.72B |
| Investing Cash Flow | 0.00 | -11.54B | -5.14B | -876.00M | -885.00M | -994.00M |
| Financing Cash Flow | 0.00 | 7.38B | -328.00M | -1.74B | -1.96B | -5.02B |
Nicca Chemical Co., Ltd. Technical Analysis
Neutral
1480.00
Price Trends
1699.28
Negative
1635.33
Positive
1494.45
Positive
Market Momentum
-4.78
Negative
47.95
Neutral
65.25
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4463, the sentiment is Neutral. The current price of 1480 is below the 20-day moving average (MA) of 1656.50, below the 50-day MA of 1699.28, and below the 200-day MA of 1494.45, indicating a neutral trend. The MACD of -4.78 indicates Negative momentum. The RSI at 47.95 is Neutral, neither overbought nor oversold. The STOCH value of 65.25 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:4463.
Nicca Chemical Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥45.32B | 5.81 | ― | 3.53% | -5.41% | 31.52% | |
74 Outperform | ¥196.73B | 8.69 | ― | 4.09% | -1.41% | -13.30% | |
73 Outperform | ¥182.64B | 16.42 | 4.41% | 3.80% | -4.32% | 27.07% | |
67 Neutral | ¥102.32B | 10.01 | ― | 3.88% | -3.89% | -3.31% | |
66 Neutral | ¥359.61B | 36.21 | -4.00% | 3.71% | -2.16% | -185.38% | |
64 Neutral | ¥29.99B | 6.94 | ― | 3.53% | 4.47% | 9.89% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
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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.