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artience
(4634)
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Rating:73Outperform
Price Target:
¥5,151.00
▲(54.45% Upside)
Action:Upgraded
Date:08/06/26
The score is driven primarily by improving financial performance (especially stronger 2024 profitability and a reasonable balance sheet), tempered by cash-flow conversion and historical volatility. Technicals add support with a clear uptrend across key moving averages and healthy momentum readings. Valuation is also constructive with a mid-teens P/E and a ~2.47% dividend yield.
Positive Factors
2024 revenue and profit improvement
Revenue and profit gains in 2024 reflect improving end-market demand and better margin capture: revenue grew over 2020–2024 with a particularly strong uptick in 2024 and net income nearly doubled versus 2023. That establishes durable earnings momentum if management sustains execution and cost control over the medium term.
Negative Factors
Weak cash conversion
Free cash flow equaled roughly one-third of net income in 2024 and cash conversion has been volatile after negative FCF in 2021–22. Persistent working-capital swings or elevated investment needs can limit internal funding for growth, dividends, or accelerated deleveraging, making balance-sheet improvements dependent on steadier cash generation.
Read all positive and negative factors
Positive Factors
Negative Factors
2024 revenue and profit improvement
Revenue and profit gains in 2024 reflect improving end-market demand and better margin capture: revenue grew over 2020–2024 with a particularly strong uptick in 2024 and net income nearly doubled versus 2023. That establishes durable earnings momentum if management sustains execution and cost control over the medium term.
Read all positive factors
artience (4634) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥202.96B
Dividend Yield2.47%
Average Volume (3M)99.17K
Price to Earnings (P/E)15.3
Beta (1Y)1.08
Revenue Growth1.34%
EPS Growth-13.15%
CountryJP
Employees7,880
SectorTechnology
Sector Strength88
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)291.90
Shares Outstanding50,286,545
10 Day Avg. Volume87,100
30 Day Avg. Volume99,173
Financial Highlights & Ratios
PEG Ratio-0.41
Price to Book (P/B)0.64
Price to Sales (P/S)0.48
P/FCF Ratio13.17
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)437.48
Revenue Forecast (FY)¥369.43B
artience Business Overview & Revenue Model
Company Description
Established in 1896 and headquartered in Tokyo, Japan, Toyo Ink SC Holdings Co., Ltd. operates globally, with a significant presence in Japan, China, the United States, India, Turkey, and Indonesia. The company's operations span four key business ...
How the Company Makes Money
Artience makes money primarily by selling chemical and materials products to business customers, with revenue driven by volume-based product sales and, in some cases, customized formulations designed for specific customer processes. Key revenue st...
artience Financial Statement Overview
Summary
Income Statement
67
Positive
Balance Sheet
72
Positive
Cash Flow
60
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 356.17B | 349.98B | 351.06B | 322.12B | 315.93B | 287.99B |
| Gross Profit | 75.86B | 73.87B | 78.78B | 67.98B | 58.05B | 61.91B |
| EBITDA | 36.11B | 30.52B | 37.75B | 26.10B | 24.47B | 23.41B |
| Net Income | 13.96B | 10.34B | 18.54B | 9.74B | 9.31B | 9.49B |
Balance Sheet | ||||||
| Total Assets | 451.00B | 462.60B | 472.79B | 447.80B | 411.18B | 406.90B |
| Cash, Cash Equivalents and Short-Term Investments | 42.29B | 47.92B | 62.95B | 57.98B | 55.55B | 64.84B |
| Total Debt | 35.29B | 63.44B | 83.93B | 89.90B | 85.85B | 80.39B |
| Total Liabilities | 174.17B | 185.38B | 199.03B | 192.14B | 183.30B | 179.94B |
| Stockholders Equity | 265.33B | 266.03B | 262.14B | 245.81B | 219.15B | 218.61B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 12.83B | 8.93B | 4.51B | -13.40B | -2.31B |
| Operating Cash Flow | 0.00 | 27.55B | 26.96B | 23.48B | 4.26B | 15.76B |
| Investing Cash Flow | 0.00 | -11.16B | -9.40B | -18.55B | -5.64B | -17.58B |
| Financing Cash Flow | 0.00 | -31.72B | -15.74B | -3.54B | -8.10B | -11.99B |
artience Technical Analysis
Positive
3335.00
Price Trends
4304.53
Positive
4092.17
Positive
3785.46
Positive
Market Momentum
82.40
Negative
71.52
Negative
81.92
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4634, the sentiment is Positive. The current price of 3335 is below the 20-day moving average (MA) of 4495.00, below the 50-day MA of 4304.53, and below the 200-day MA of 3785.46, indicating a bullish trend. The MACD of 82.40 indicates Negative momentum. The RSI at 71.52 is Negative, neither overbought nor oversold. The STOCH value of 81.92 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4634.
artience Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ¥114.59B | 10.38 | ― | 3.72% | 4.49% | 27.96% | |
76 Outperform | ¥18.92B | 9.48 | ― | 3.61% | 6.67% | 65.58% | |
73 Outperform | ¥202.96B | 15.28 | 5.91% | 2.82% | 1.34% | -13.15% | |
69 Neutral | ¥2.82T | 14.56 | 11.39% | 1.32% | 11.97% | 45.59% | |
64 Neutral | ¥418.76B | 9.22 | 10.33% | 4.92% | -0.45% | 50.53% | |
63 Neutral | ¥477.83B | 15.76 | 11.32% | 4.13% | 0.16% | -12.56% | |
61 Neutral | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% |
* Technology Sector Average
JP:4634
artience
4,750.00
1,464.94
44.59%
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JP:4612
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JP:4633
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JP:4635
Tokyo Printing Ink Manufacturing Co., Ltd.
1,994.00
871.04
77.57%
artience Corporate Events
artience outlines Q1 FY12/2026 outlook and segment performance
May 21, 2026
artience Co., Ltd. released materials for its Q1 FY12/2026 results briefing, dated May 22, 2026, outlining its consolidated earnings forecast and business outlook for the period. The company also presented detailed views of segment performance by ...
Artience to Book ¥7.8 Billion Extraordinary Gain From Sale of Investment Securities
May 15, 2026
Artience Co., Ltd. has resolved at its board meeting on May 15, 2026, to sell a portion of its investment securities as part of an ongoing policy to reduce shareholdings. The move continues a strategy first disclosed in 2024 and underscores manage...
Artience Lifts FY2026 Q1 Profit as Inks and Coatings Stay Strong Despite Cost Pressures
May 15, 2026
Artience reported that all business segments posted year-on-year gains in both net sales and operating profit for the first quarter of fiscal 2026, with operating profit up 16.1%, helped by a ¥3.6 billion gain on the sale of investment securi...
Artience Profit Surges in Q1 as Earnings Recovery Supports Higher Dividend
May 15, 2026
Artience reported strong consolidated results for the first quarter of fiscal 2026, with net sales rising 7.5% year on year to ¥88.3 billion and operating profit up 16.1% to ¥5.2 billion. Ordinary profit climbed 45.4% to ¥6.1 billio...
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.