Kansai Paint Co (4613) AI Stock Analysis

• Market Cap: $431.51B
• Dividend Yield: 1.99%
• Average Volume (3M): 948.80K
• Price to Earnings (P/E): 13.0
• Beta (1Y): 0.49
• Revenue Growth: 2.95%
• EPS Growth: 3.19%
• Country: JP
• Employees: 16,844
• Sector: Basic Materials
• Sector Strength: 65
• Industry: Chemicals - Specialty
• EPS (TTM): 48.13
• Shares Outstanding: 177,976,270
• 10 Day Avg. Volume: 1,148,070
• 30 Day Avg. Volume: 948,800
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.24
• Enterprise Value/Revenue: 0.91
• Enterprise Value/Gross Profit: 2.88
• Enterprise Value/Ebitda: 6.73
• 1Y Price Target: $2,850.20
• Price Target Upside: 13.62% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 68 Neutral
• Price Target: ¥2,611.00 ▲(4.09% Upside)

Kansai Paint Co's strong financial performance and attractive valuation are key strengths, supported by robust revenue growth and a reasonable P/E ratio. However, technical indicators suggest caution due to overbought conditions, which could lead to short-term volatility. The absence of recent earnings call data and corporate events limits additional insights.

Kansai Paint Co Business Overview & Revenue Model

Company Description

Kansai Paint Co., Ltd. manufactures and sells paints in Japan, India, Asia, Africa, Europe, and internationally. The company offers decorative coatings for protecting exterior and interior of buildings; protective coatings; automotive refinish paints; automotive coatings; industrial coatings that are used in construction machinery, industrial vehicles, steel furniture, external building materials, electronics, and internal coatings and external designs of beverage cans; and marine and protective coatings. It also designs, manufactures, and sells coating equipment; controls and undertakes painting works; and designs color schemes. Kansai Paint Co., Ltd. was founded in 1918 and is headquartered in Osaka, Japan.

How the Company Makes Money

Kansai Paint Co., Ltd. generates revenue primarily through the sale of its diverse range of paint and coating products. The company's key revenue streams include automotive coatings, where it supplies to major automobile manufacturers, and decorative paints, which are sold to consumers and professionals for residential and commercial buildings. Additionally, Kansai Paint earns from industrial coatings used in various sectors such as construction, machinery, and infrastructure, as well as protective and marine coatings that provide durability in harsh environments. The company also benefits from strategic partnerships and joint ventures, enhancing its market reach and technological capabilities globally. Innovations in eco-friendly and high-performance coating solutions further contribute to its competitive advantage and revenue growth.

Kansai Paint Co Financial Statement Overview

Summary

Kansai Paint Co demonstrates strong revenue growth and operational efficiency, with consistent gross margins and healthy EBITDA margins. However, rising debt levels and fluctuating net profit margins present potential risks. The company's cash generation is robust, but declining free cash flow suggests a need for careful capital management.

Income Statement

Kansai Paint Co has demonstrated a strong revenue growth rate over the years, increasing from 364.62 billion JPY in 2021 to 588.83 billion JPY in 2025. The gross profit margin has been consistent, averaging around 30-31%, indicating stable cost management. However, the net profit margin has fluctuated, with a notable decrease in 2025 to 6.5% from 11.9% in 2024, suggesting pressure on net income despite revenue growth. EBITDA margin remains healthy, showing operational efficiency.

Balance Sheet

The company's balance sheet shows a significant increase in total assets, reaching 750.70 billion JPY in 2025. The debt-to-equity ratio has risen due to increased total debt, indicating higher financial leverage. Despite this, the equity ratio remains stable at around 35-40%, suggesting a balanced capital structure. The return on equity has decreased slightly, reflecting the impact of lower net income on shareholders' return.

Cash Flow

Kansai Paint Co's cash flow from operations has been positive, but free cash flow has decreased significantly from 47.02 billion JPY in 2024 to 14.86 billion JPY in 2025. The operating cash flow to net income ratio shows strong cash generation relative to net income, although the free cash flow to net income ratio has weakened, indicating reduced cash available after capital expenditures. This highlights potential challenges in maintaining liquidity amidst capital investments.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	588.83B	588.83B	562.28B	509.07B	419.19B	364.62B
Gross Profit	185.71B	185.71B	173.36B	137.05B	125.01B	120.68B
EBITDA	79.45B	94.16B	133.00B	51.69B	48.11B	49.05B
Net Income	38.31B	38.31B	67.11B	25.20B	26.52B	20.03B
Balance Sheet
Total Assets	750.70B	750.70B	689.70B	669.46B	600.06B	606.58B
Cash, Cash Equivalents and Short-Term Investments	109.14B	109.14B	100.80B	95.14B	68.09B	124.45B
Total Debt	218.42B	218.42B	122.56B	126.22B	73.67B	122.92B
Total Liabilities	400.69B	400.69B	309.46B	316.44B	224.94B	267.72B
Stockholders Equity	269.41B	269.41B	309.96B	292.91B	320.02B	286.80B
Cash Flow
Free Cash Flow	0.00	14.86B	47.02B	39.12B	-313.00M	31.33B
Operating Cash Flow	0.00	34.97B	67.08B	50.23B	15.52B	42.65B
Investing Cash Flow	0.00	-34.89B	-9.04B	-10.64B	-2.09B	-507.00M
Financing Cash Flow	0.00	-12.32B	-72.86B	-18.30B	-64.10B	16.83B

Kansai Paint Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2508.50
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4613, the sentiment is Positive. The current price of 2508.5 is above the 20-day moving average (MA) of 2358.03, above the 50-day MA of 2147.14, and above the 200-day MA of 2138.11, indicating a bullish trend. The MACD of 129.06 indicates Negative momentum. The RSI at 82.83 is Negative, neither overbought nor oversold. The STOCH value of 79.77 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4613.

Kansai Paint Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4613	68 Neutral	$431.51B	13.04	12.43%	1.99%	2.95%	3.19%
Sector *	61 Neutral	$10.31B	6.18	0.76%	2.94%	3.30%	-36.34%
NPCPF	―	$17.21B	21.16	9.77%	1.87%	―	―
4619	80 Outperform	¥45.46B	9.27		4.27%	-1.25%	16.44%
4611	78 Outperform	¥36.01B	4.18		3.84%	7.99%	78.17%
4624	77 Outperform	¥5.32B	11.73		1.40%	1.47%	17.40%
4615	45 Neutral	¥4.46B	20.50		―	8.91%	-42.21%

Kansai Paint Co Corporate Events

Kansai Paint Co. Revises Dividend Forecast Upward for FY 2026

Kansai Paint Co., Ltd. has announced a revision to its dividend forecast for the fiscal year ending March 31, 2026, increasing the annual dividend by 60 yen to 110 yen per share. This decision reflects the company’s commitment to providing stable and reliable returns to shareholders amidst economic uncertainties, leveraging its robust business model and cash flow generation.

The most recent analyst rating on (JP:4613) stock is a Hold with a Yen2300.00 price target. To see the full list of analyst forecasts on Kansai Paint Co stock, see the JP:4613 Stock Forecast page.

Kansai Paint Adjusts Conversion Price for Convertible Bonds

Kansai Paint Co., Ltd. announced an adjustment in the conversion price for its Zero Coupon Convertible Bonds due in 2029 and 2031. This adjustment, effective from April 1, 2025, is due to an extraordinary dividend payment approved at the company’s general meeting, impacting the conversion price and potentially affecting bondholders’ decisions regarding stock acquisition rights.

The most recent analyst rating on (JP:4613) stock is a Hold with a Yen2300.00 price target. To see the full list of analyst forecasts on Kansai Paint Co stock, see the JP:4613 Stock Forecast page.