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Kansai Paint Co
(4613)
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Rating:67Neutral
Price Target:
¥3,289.00
▲(23.58% Upside)
Action:Reiterated
Date:08/11/26
The score is driven primarily by healthy but uneven fundamentals (revenue growth and improved gross margin offset by earnings volatility, higher leverage, and inconsistent cash conversion). Technicals add support due to a strong uptrend, though momentum looks stretched. Valuation is balanced, helped by a solid dividend yield and a moderate P/E.
Positive Factors
Diversified Coatings End Markets
Exposure to automotive, industrial, infrastructure, construction, and specialty applications diversifies demand across end markets, reducing reliance on one customer cycle and supporting durable relevance through technical coating capabilities.
Negative Factors
Higher Leverage Reduces Financial Flexibility
The post-2024 increase in debt makes the balance sheet less conservative and reduces flexibility if industrial demand weakens or input costs rise. Although equity remains sizable, higher leverage can constrain investment capacity and increase financial risk.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified Coatings End Markets
Exposure to automotive, industrial, infrastructure, construction, and specialty applications diversifies demand across end markets, reducing reliance on one customer cycle and supporting durable relevance through technical coating capabilities.
Read all positive factors
Kansai Paint Co (4613) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥481.62B
Dividend Yield3.79%
Average Volume (3M)678.41K
Price to Earnings (P/E)17.2
Beta (1Y)0.65
Revenue Growth2.53%
EPS Growth-14.17%
CountryJP
Employees16,739
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)168.36
Shares Outstanding177,976,270
10 Day Avg. Volume641,210
30 Day Avg. Volume678,409
Financial Highlights & Ratios
PEG Ratio-1.18
Price to Book (P/B)1.38
Price to Sales (P/S)0.70
P/FCF Ratio15.55
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)145.61
Revenue Forecast (FY)¥640.74B
Kansai Paint Co Business Overview & Revenue Model
Company Description
Kansai Paint Co., Ltd. operates as a worldwide manufacturer and supplier of paints and coatings, with a substantial presence across Japan, India, the broader Asian region, Africa, Europe, and various other international markets. The company's exte...
How the Company Makes Money
Kansai Paint primarily makes money by selling coating products and related services across several end markets, with revenue recognized mainly from product shipments to business customers and distributors. Key revenue streams typically include: (1...
Kansai Paint Co Financial Statement Overview
Summary
Income Statement
70
Positive
Balance Sheet
64
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 602.97B | 589.79B | 588.83B | 562.28B | 509.07B | 419.19B |
| Gross Profit | 195.88B | 191.35B | 175.74B | 164.77B | 129.78B | 118.14B |
| EBITDA | 85.25B | 88.73B | 94.35B | 133.00B | 64.41B | 63.38B |
| Net Income | 29.64B | 31.64B | 38.31B | 67.11B | 25.20B | 26.53B |
Balance Sheet | ||||||
| Total Assets | 845.37B | 801.69B | 750.70B | 689.70B | 671.95B | 600.06B |
| Cash, Cash Equivalents and Short-Term Investments | 133.93B | 119.04B | 109.14B | 100.80B | 95.14B | 68.28B |
| Total Debt | 243.25B | 219.42B | 218.42B | 122.56B | 126.22B | 73.67B |
| Total Liabilities | 464.88B | 420.48B | 400.69B | 309.45B | 318.93B | 224.94B |
| Stockholders Equity | 298.49B | 300.06B | 269.41B | 309.96B | 292.91B | 320.02B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 26.55B | 14.86B | 51.12B | 40.88B | 955.00M |
| Operating Cash Flow | 0.00 | 52.62B | 34.97B | 67.08B | 50.23B | 15.52B |
| Investing Cash Flow | 0.00 | -27.03B | -34.89B | -9.04B | -10.47B | -2.09B |
| Financing Cash Flow | 0.00 | -22.18B | -12.32B | -72.86B | -18.47B | -64.10B |
Kansai Paint Co Technical Analysis
Neutral
2661.50
Price Trends
2723.04
Positive
2556.35
Positive
2501.66
Positive
Market Momentum
62.71
Positive
53.13
Neutral
24.34
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4613, the sentiment is Neutral. The current price of 2661.5 is below the 20-day moving average (MA) of 2853.37, below the 50-day MA of 2723.04, and above the 200-day MA of 2501.66, indicating a bullish trend. The MACD of 62.71 indicates Positive momentum. The RSI at 53.13 is Neutral, neither overbought nor oversold. The STOCH value of 24.34 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JP:4613.
Kansai Paint Co Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥638.87B | 15.97 | 14.24% | 1.58% | 13.23% | 20.02% | |
74 Outperform | ¥2.71T | 14.14 | 11.39% | 1.32% | 16.22% | 34.06% | |
74 Outperform | ¥135.29B | 8.18 | 7.27% | 0.43% | 8.62% | 68.78% | |
69 Neutral | ¥493.91B | 8.79 | 10.33% | 4.92% | 6.29% | 101.67% | |
67 Neutral | ¥481.62B | 17.22 | 11.32% | 4.13% | 2.53% | -14.17% | |
62 Neutral | ¥42.07B | 17.00 | ― | 3.70% | 25.27% | -70.96% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% |
* Basic Materials Sector Average
JP:4613
Kansai Paint Co
2,899.50
438.29
17.81%
JP:4612
Nippon Paint Holdings Co
1,198.50
124.98
11.64%
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1,929.00
58.26%
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1.63%
JP:4628
SK Kaken Co
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-1.67%
JP:4611
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1,498.00
255.09
20.52%
Kansai Paint Co Corporate Events
Kansai Paint Posts Higher Sales but Lower Profit, Raises Dividend Forecast
Aug 7, 2026
Kansai Paint reported consolidated net sales of ¥157.9 billion for the three months to June 30, 2026, up 9.1% year on year, but operating profit fell 14.3% to ¥10.5 billion and profit attributable to owners of parent dropped 23.6% to ...
Kansai Paint Lifts FY2027 Earnings and Dividend Forecasts on Strong Overseas Performance
Aug 7, 2026
Kansai Paint revised its consolidated forecast for the fiscal year ending March 31, 2027, raising expected net sales from ¥610 billion to ¥630 billion and increasing projections for operating, ordinary, and net profit, citing stronger-th...
Kansai Paint to Make Turkish Affiliate a Wholly Owned Subsidiary
Jul 29, 2026
Kansai Paint’s board has approved the additional acquisition of shares in its Turkish equity-method affiliate Polisan Kansai Boya, turning it into a wholly owned, consolidated subsidiary. The move reflects the company’s view of Tü...
Kansai Paint Cuts Conversion Price on 2029 and 2031 Convertible Bonds After Dividend
Jun 26, 2026
Kansai Paint has adjusted the conversion prices on its zero coupon convertible bonds due 2029 and 2031, lowering them from ¥2,733.0 to ¥2,676.1 per share, effective April 1, 2026. The move reflects an automatic adjustment mechanism tied ...
Kansai Paint Launches ¥10 Billion Share Buyback to Boost Capital Efficiency
Jun 26, 2026
Kansai Paint Co., Ltd. has approved a share repurchase program aimed at boosting capital efficiency and enhancing returns to shareholders. The company is also considering cancelling the repurchased shares, which would reduce the number of shares o...
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.