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Shinto Paint Co., Ltd. (JP:4615)
:4615
Japanese Market
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Shinto Paint Co., Ltd. (4615) AI Stock Analysis

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JP:4615

Shinto Paint Co., Ltd.

(4615)

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Neutral 48 (OpenAI - 5.2)
Rating:48Neutral
Price Target:
¥125.00
▲(1.63% Upside)
Action:Reiterated
Date:05/17/26
The score is driven primarily by improving—but still incomplete—financial performance (positive FY2026 operating/free cash flow and modest growth, but net losses and negative ROE persist). Technicals suggest a largely range-bound stock with subdued momentum, while valuation is weakened by negative earnings and the absence of a provided dividend yield.
Positive Factors
Recovering revenue growth
Modest consecutive revenue growth after prior declines indicates demand stabilization for coatings products and early market recovery. A steady top-line helps spread fixed costs, supports margin recovery and provides runway for continued operational improvement over the next several quarters.
Negative Factors
Persistent net losses
Continued net losses despite operational gains highlight below-the-line pressures (interest, taxes, or nonrecurring charges) that erode retained earnings. Ongoing negative profitability limits capital allocation options and makes sustainable shareholder value creation dependent on further margin or structural improvements.
Read all positive and negative factors
Positive Factors
Negative Factors
Recovering revenue growth
Modest consecutive revenue growth after prior declines indicates demand stabilization for coatings products and early market recovery. A steady top-line helps spread fixed costs, supports margin recovery and provides runway for continued operational improvement over the next several quarters.
Read all positive factors

Shinto Paint Co., Ltd. (4615) vs. iShares MSCI Japan ETF (EWJ)

Shinto Paint Co., Ltd. Business Overview & Revenue Model

Company Description
Shinto Paint Company, Limited manufactures, processes, and sells paints, pigments, synthetic fats/oils, fats/oils, and chemicals in Japan. It also provides electronic equipment, optical communication equipment, magnetic equipment, parts, component...
How the Company Makes Money
Shinto Paint makes money primarily by selling coatings (industrial paints and related coating materials) to business customers. Revenue is generated through (1) product sales of industrial coating systems used in manufacturing and maintenance proc...

Shinto Paint Co., Ltd. Financial Statement Overview

Summary
Fundamentals show early signs of a turnaround: revenue has returned to modest growth, margins have improved from prior lows, and FY2026 operating/free cash flow turned positive. Offsetting this, net income remains negative, ROE is still negative, and multi-year cash flow volatility limits confidence in earnings quality and consistency.
Income Statement
34
Negative
Balance Sheet
57
Neutral
Cash Flow
49
Neutral
BreakdownTTMMar 2026Mar 2025Mar 2024Mar 2023Mar 2022
Income Statement
Total Revenue20.92B21.48B20.76B18.95B19.04B19.14B
Gross Profit3.54B3.51B3.53B2.94B2.31B3.36B
EBITDA603.50M816.00M865.00M321.00M-1.01B-336.00M
Net Income-240.00M-593.00M-60.00M-497.00M-1.81B-1.82B
Balance Sheet
Total Assets32.20B31.21B32.01B33.04B33.86B32.64B
Cash, Cash Equivalents and Short-Term Investments2.81B3.08B2.72B3.46B4.47B2.72B
Total Debt5.13B5.10B5.03B5.75B6.21B3.57B
Total Liabilities17.64B16.98B17.39B18.83B19.47B16.47B
Stockholders Equity13.55B13.10B13.60B13.27B13.50B15.30B
Cash Flow
Free Cash Flow0.00558.00M-563.00M-343.00M-1.03B-811.00M
Operating Cash Flow0.00919.00M-30.00M53.00M-536.00M150.00M
Investing Cash Flow0.00-419.00M-362.00M-321.00M-113.00M-979.00M
Financing Cash Flow0.00-158.00M-367.00M-761.00M2.39B196.00M

Shinto Paint Co., Ltd. Technical Analysis

Technical Analysis Sentiment
Positive
Last Price123.00
Price Trends
50DMA
126.32
Positive
100DMA
125.86
Positive
200DMA
127.38
Negative
Market Momentum
MACD
-0.13
Positive
RSI
51.98
Neutral
STOCH
26.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4615, the sentiment is Positive. The current price of 123 is below the 20-day moving average (MA) of 126.85, below the 50-day MA of 126.32, and below the 200-day MA of 127.38, indicating a neutral trend. The MACD of -0.13 indicates Positive momentum. The RSI at 51.98 is Neutral, neither overbought nor oversold. The STOCH value of 26.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4615.

Shinto Paint Co., Ltd. Peers Comparison

Overall Rating
UnderperformOutperform
Sector (61)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
78
Outperform
¥5.65B9.121.39%3.01%37.62%
69
Neutral
¥2.40T11.0011.64%1.52%11.97%45.59%
63
Neutral
¥395.07B13.0413.71%3.38%0.16%-12.55%
61
Neutral
$10.43B7.12-0.05%2.87%2.86%-36.73%
60
Neutral
¥6.47B9.153.50%-1.92%-2.68%
52
Neutral
¥35.55B20.683.70%29.30%-82.16%
48
Neutral
¥4.32B-7.173.48%-822.25%
* Basic Materials Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
JP:4615
Shinto Paint Co., Ltd.
125.00
-10.00
-7.41%
JP:4613
Kansai Paint Co
2,337.00
341.45
17.11%
JP:4612
Nippon Paint Holdings Co
1,048.00
5.80
0.56%
JP:4611
Dai Nippon Toryo Company, Limited
1,259.00
137.42
12.25%
JP:4623
Asahipen Corporation
1,710.00
45.73
2.75%
JP:4624
Isamu Paint Co., Ltd.
3,745.00
410.77
12.32%
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.Date of analysis: May 17, 2026