Kansai Paint Co (4613) AI Stock Analysis

• Market Cap: $364.11B
• Dividend Yield: 2.32%
• Average Volume (3M): 763.31K
• Price to Earnings (P/E): 10.7
• Beta (1Y): 0.50
• Revenue Growth: 4.72%
• EPS Growth: -30.89%
• Country: JP
• Employees: 16,844
• Sector: Basic Materials
• Sector Strength: 72
• Industry: Chemicals - Specialty
• EPS (TTM): 31.89
• Shares Outstanding: 177,976,270
• 10 Day Avg. Volume: 696,970
• 30 Day Avg. Volume: 763,313
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): 0.00
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $2,593.20
• Price Target Upside: 20.17% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 3

• Rating: 72 Outperform
• Price Target: ¥2,253.00 ▲(4.40%Upside)

Kansai Paint Co's overall stock score is driven by strong financial performance and an attractive valuation, with robust revenue growth and operational efficiency. However, technical indicators suggest cautious trading sentiment, with the stock price lagging key moving averages and a negative MACD. The low P/E ratio and solid dividend yield add to the stock's appeal.

Kansai Paint Co Business Overview & Revenue Model

Company Description

Kansai Paint Co., Ltd. is a leading global manufacturer of paints and coatings, headquartered in Osaka, Japan. Established in 1918, the company operates across various sectors including automotive, industrial, decorative, and marine coatings. Kansai Paint is known for its innovative and sustainable coating solutions, catering to a broad range of industries and customers worldwide. The company's core products include automotive coatings, industrial coatings, decorative paints, and protective coatings, which are designed to enhance the durability and aesthetics of surfaces while providing environmental benefits.

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's financial performance is strong, with robust revenue growth and operational efficiency, as demonstrated by consistent gross margins and healthy EBITDA margins. However, the rise in debt levels and fluctuating net profit margins are potential risks. Despite this, the company maintains strong cash generation capabilities, though declining free cash flow suggests the 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
Income Statement
Total Revenue
Gross Profit
EBITDA
Net Income
Balance Sheet
Total Assets
Cash, Cash Equivalents and Short-Term Investments
Total Debt
Total Liabilities
Stockholders Equity
Cash Flow
Free Cash Flow
Operating Cash Flow
Investing Cash Flow
Financing Cash Flow

Kansai Paint Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2158.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Negative
• STOCH: Negative

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 2158 is above the 20-day moving average (MA) of 2042.85, above the 50-day MA of 2021.43, and above the 200-day MA of 2148.00, indicating a bullish trend. The MACD of 38.18 indicates Negative momentum. The RSI at 72.86 is Negative, neither overbought nor oversold. The STOCH value of 90.70 is Negative, 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
4619	80 Outperform	¥44.70B	9.06		2.92%	2.11%	25.18%
4611	78 Outperform	¥35.36B	3.77		3.94%	0.79%	104.86%
4612	74 Outperform	¥3.04T	22.68	9.03%	1.23%	10.92%	8.62%
4613	72 Outperform	$364.11B	10.68	13.00%	2.32%	4.72%	-30.89%
4624	71 Outperform	¥5.05B	11.65		1.49%	2.02%	5.55%
Sector *	71 Outperform	¥180.21B	11.25	6.29%	3.19%	3.86%	3.11%
4615	47 Neutral	¥4.46B	20.50		―	9.52%	88.23%

Kansai Paint Co Corporate Events

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.

Kansai Paint Reports Strong Financial Growth and Strategic Expansion

Kansai Paint Co., Ltd. announced its consolidated financial results for the fiscal year ended March 31, 2025, reporting a significant increase in net sales and operating income compared to the previous year. The company also revealed plans for dividend payments and noted the addition of 12 new companies to its consolidation scope, indicating strategic expansion efforts. These developments are likely to enhance Kansai Paint’s market position and provide value to its stakeholders.

Kansai Paint Revises Stock-Based Compensation System to Enhance Performance Alignment

Kansai Paint Co., Ltd. has announced the continuation and partial revision of its performance-linked, stock-based compensation system for its directors and executive officers. This move aims to align management incentives with the company’s mid-to-long-term performance goals and shareholder value enhancement. The revised system, which includes an Executive Compensation Board Incentive Plan Trust, will be subject to approval at the upcoming General Meeting of Shareholders and is designed to motivate directors to achieve the company’s vision of ‘Enrich Lives with Happiness.’