Kansai Paint Co (4613) AI Stock Analysis

• Market Cap: $333.57B
• Dividend Yield: 2.83%
• Average Volume (3M): 771.37K
• Price to Earnings (P/E): 9.8
• Beta (1Y): 0.50
• Revenue Growth: 4.72%
• EPS Growth: -30.89%
• Country: JP
• Employees: 16,844
• Sector: Basic Materials
• Sector Strength: 71
• Industry: Chemicals - Specialty
• EPS (TTM): 31.89
• Shares Outstanding: 177,976,270
• 10 Day Avg. Volume: 575,710
• 30 Day Avg. Volume: 771,370
• PEG Ratio: 12.79
• Price to Book (P/B): 1.47
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 11.01
• 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: $2,500.73
• Price Target Upside: 24.69% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 4

• Rating: 66 Neutral
• Price Target: ¥2,220.00 ▲(10.70%Upside)

Kansai Paint Co's stock is supported by strong financial performance and attractive valuation with a low P/E ratio and decent dividend yield. However, technical indicators suggest a bearish trend due to the stock trading below major moving averages and negative market momentum.

Kansai Paint Co Business Overview & Revenue Model

Company Description

Kansai Paint Co., Ltd. (4613) is a leading global manufacturer in the paint and coatings industry. Headquartered in Japan, the company operates across multiple sectors including automotive, industrial, decorative, and protective coatings. Kansai Paint provides a diverse range of high-quality products designed to meet the needs of various industries, emphasizing innovation, sustainability, and customer satisfaction.

How the Company Makes Money

Kansai Paint Co., Ltd. generates revenue primarily through the sale of its paint and coatings products. The company's key revenue streams include automotive coatings, which are supplied to major automobile manufacturers, industrial coatings used in manufacturing and construction, decorative paints for residential and commercial buildings, and protective coatings designed for infrastructure and marine applications. Additionally, Kansai Paint benefits from strategic partnerships and collaborations with companies worldwide, enhancing its market reach and product offerings. The company's focus on research and development allows it to continually innovate and adapt its product lines to meet evolving market demands and environmental regulations.

Kansai Paint Co Financial Statement Overview

Summary

Kansai Paint Co shows strong revenue growth with stable gross margins and healthy EBITDA margins. However, rising debt levels and fluctuating net profit margins present potential risks. The company's ability to generate cash remains robust, though 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	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	584.74B	588.83B	562.28B	509.07B	419.19B	364.62B
Gross Profit	183.42B	185.71B	173.36B	137.05B	125.01B	120.68B
EBITDA	90.36B	94.16B	133.00B	51.69B	48.11B	49.05B
Net Income	46.08B	38.31B	67.11B	25.20B	26.52B	20.03B
Balance Sheet
Total Assets	751.31B	750.70B	689.70B	669.46B	600.06B	606.58B
Cash, Cash Equivalents and Short-Term Investments	98.10B	109.14B	100.80B	95.14B	68.09B	124.45B
Total Debt	216.95B	218.42B	122.56B	126.22B	73.67B	122.92B
Total Liabilities	412.10B	400.69B	309.46B	316.44B	224.94B	267.72B
Stockholders Equity	260.73B	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: Neutral
• Last Price: 2005.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: 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 2005.5 is above the 20-day moving average (MA) of 1967.30, below the 50-day MA of 2034.39, and below the 200-day MA of 2178.61, indicating a neutral trend. The MACD of -12.06 indicates Negative momentum. The RSI at 52.68 is Neutral, neither overbought nor oversold. The STOCH value of 58.24 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4619	80 Outperform	¥42.62B	8.63		3.87%	2.11%	25.18%
4611	78 Outperform	¥33.06B	3.52		4.20%	0.79%	104.86%
4612	74 Outperform	$2.79T	20.81	9.03%	1.35%	10.92%	8.62%
4624	73 Outperform	¥5.02B	11.56		1.50%	2.02%	5.55%
Sector *	70 Neutral	¥174.11B	11.04	6.29%	3.52%	3.95%	5.88%
4613	66 Neutral	$333.57B	9.79	13.00%	2.83%	4.72%	-30.89%
4615	44 Neutral	¥4.42B	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.’

Kansai Paint Announces Leadership Changes Amid Strategic Corrections

Kansai Paint Co., Ltd. announced significant changes in its leadership structure, including the resignation of Representative Director and Senior Managing Executive Officer, Nishibayashi Hitoshi, due to health reasons. These changes, effective from April 11, 2025, are part of a broader correction to previously disclosed information, impacting the company’s strategic direction and potentially influencing its market positioning and stakeholder relationships.