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Nicca Chemical Co., Ltd.
(4463)
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Rating:66Neutral
Price Target:
¥2,166.00
▲(46.35% Upside)
Action:Reiterated
Date:08/01/26
The score is primarily constrained by financial performance risk—especially the 2025 spike in debt and the shift to materially negative free cash flow—despite improving revenue and operating profit. Technicals are a positive with the stock trading above key moving averages, and valuation is supportive with a low P/E and a ~3.24% dividend yield.
Positive Factors
Specialty B2B business model with repeat sales
A focused specialty-chemicals B2B model selling dyeing/finishing agents emphasizes formulation know-how and technical support, which drives repeat purchases and stickiness. This supports durable revenue visibility and higher value-added mix versus commoditized chemicals.
Negative Factors
Sharp increase in total debt in 2025
A large one-year jump in debt materially raises leverage and reduces financial flexibility. Higher debt increases interest and refinancing risk, making the company more vulnerable to slower cash conversion or unexpected earnings pressure over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Specialty B2B business model with repeat sales
A focused specialty-chemicals B2B model selling dyeing/finishing agents emphasizes formulation know-how and technical support, which drives repeat purchases and stickiness. This supports durable revenue visibility and higher value-added mix versus commoditized chemicals.
Read all positive factors
Nicca Chemical Co., Ltd. (4463) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥31.62B
Dividend Yield3.24%
Average Volume (3M)9.92K
Price to Earnings (P/E)9.6
Beta (1Y)0.13
Revenue Growth7.78%
EPS Growth30.94%
CountryJP
Employees1,584
SectorGeneral
Sector StrengthN/A
IndustryChemicals
Share Statistics
EPS (TTM)189.51
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. operates globally as a manufacturer and distributor of surfactants and a diverse range of chemical products. Its extensive offerings cater to various industries, including textiles, metallurgy, pulp and paper manufacturing,...
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 | 57.53B | 55.70B | 54.10B | 50.17B | 50.63B | 48.47B |
| Gross Profit | 20.81B | 20.20B | 19.44B | 16.65B | 16.36B | 16.22B |
| EBITDA | 6.25B | 5.98B | 5.74B | 4.31B | 5.04B | 4.95B |
| Net Income | 3.01B | 2.38B | 2.75B | 1.69B | 2.12B | 2.60B |
Balance Sheet | ||||||
| Total Assets | 76.97B | 74.05B | 62.37B | 58.23B | 57.31B | 55.71B |
| Cash, Cash Equivalents and Short-Term Investments | 11.77B | 11.85B | 10.73B | 8.34B | 7.05B | 7.66B |
| Total Debt | 18.54B | 18.54B | 10.00B | 9.37B | 10.43B | 11.84B |
| Total Liabilities | 38.10B | 35.70B | 25.81B | 25.40B | 26.92B | 28.39B |
| Stockholders Equity | 35.69B | 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
Positive
1480.00
Price Trends
1745.36
Positive
1710.88
Positive
1629.60
Positive
Market Momentum
94.60
Negative
71.02
Negative
86.36
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4463, the sentiment is Positive. The current price of 1480 is below the 20-day moving average (MA) of 1841.30, below the 50-day MA of 1745.36, and below the 200-day MA of 1629.60, indicating a bullish trend. The MACD of 94.60 indicates Negative momentum. The RSI at 71.02 is Negative, neither overbought nor oversold. The STOCH value of 86.36 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4463.
Nicca Chemical Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥191.21B | 14.72 | 6.41% | 3.82% | -1.20% | 28.94% | |
75 Outperform | ¥39.10B | 7.95 | ― | 3.53% | -7.83% | 13.39% | |
70 Outperform | ¥208.41B | 11.38 | ― | 4.09% | -2.00% | 23.67% | |
69 Neutral | ¥122.61B | 15.84 | ― | 3.88% | -8.00% | -7.64% | |
66 Neutral | ¥31.62B | 9.57 | ― | 3.53% | 7.78% | 30.94% | |
56 Neutral | ¥295.58B | 18.84 | 5.26% | 3.71% | -4.00% | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:4463
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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.