C Uyemura & Co (4966) AI Stock Analysis

• Market Cap: ¥347.02B
• Dividend Yield: 1.87%
• Average Volume (3M): 38.22K
• Price to Earnings (P/E): 24.1
• Beta (1Y): 1.01
• Revenue Growth: 1.18%
• EPS Growth: 4.57%
• Country: JP
• Employees: 1,595
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Chemicals - Specialty
• EPS (TTM): 278.51
• Shares Outstanding: 18,099,000
• 10 Day Avg. Volume: 44,130
• 30 Day Avg. Volume: 38,220
• PEG Ratio: 0.39
• Price to Book (P/B): 1.52
• Price to Sales (P/S): 1.93
• P/FCF Ratio: 9.51
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): 897.67
• Revenue Forecast (FY): ¥88.07B

• Rating: 79 Outperform
• Price Target: ¥24,835.00 ▲(66.34% Upside)
• Action: Reiterated Date: 02/04/26
• Date: Action: Reiterated 02/04/26

The score is driven primarily by very strong financial performance (high margins, excellent balance sheet, and strong cash generation). Technicals are supportive due to a clear uptrend, but overbought indicators raise short-term risk. Valuation is less compelling given a P/E of 20.27 and a modest 1.57% dividend yield.

Positive Factors

High Profitability Margins

Sustained high gross, EBIT and net margins point to durable pricing power and efficient operations in specialty plating chemicals. High margins support R&D, process support and customer service investments, enabling long-term competitiveness even if volumes fluctuate.

Very Strong Balance Sheet

Extremely low leverage and a high equity ratio provide financial flexibility to fund capex, weather downturns, and pursue selective investments or partnerships. Strong ROE shows effective capital use, lowering solvency risk and supporting multi‑quarter strategic execution.

Robust Cash Generation

High cash conversion and strong FCF growth enable self-funding of process development, equipment support and working capital needs. Reliable cash generation reduces reliance on external financing and supports sustained supply relationships and incremental investments.

Negative Factors

Falling EPS

A large decline in EPS signals earnings volatility that may reflect nonrecurring items, pricing or mix shifts, or cost pressures. Persistent EPS weakness would undermine per‑share profitability, constrain reinvestment choices and weaken predictability of shareholder returns.

End‑market Cyclicality

Revenue and consumable demand are tied to cyclical electronics production and customer capacity utilization. Structural downturns or slowing capex in PCBs/packaging can cut recurring chemical sales across quarters, creating durable headwinds despite strong margins.

Dependence on Process Qualifications

Business growth relies on successful customer qualification of plating processes, which involves long sales cycles and conversion risk. Failure to secure or scale qualifications can delay recurring revenue gains and limit durable expansion opportunities.

C Uyemura & Co Business Overview & Revenue Model

Company Description

C.Uyemura & Co.,Ltd. engages in the manufacture and sale of plating chemicals, industrial chemicals, non-ferrous metals, and other products in Japan and internationally. The company operates in four segments: Surface Finishing Materials, Surface Finishing Machinery, Plating Job, and Real Estate Rental. It offers plating machinery for PWBs and aluminum magnetic disks; and plastic and PWB plating services. The company is also involved in the rental of office buildings and apartment houses. C.Uyemura & Co.,Ltd. was founded in 1848 and is headquartered in Osaka, Japan.

How the Company Makes Money

C Uyemura & Co generates revenue through the sale of its specialized chemical products and surface finishing solutions to manufacturers in the electronics industry. The company's primary revenue streams include direct sales of electroplating materials, consulting services for process optimization, and long-term contracts with major electronics manufacturers. Additionally, C Uyemura benefits from strategic partnerships with technology firms and suppliers, which enhance its product offerings and market reach. By continuously innovating and adapting to market trends, the company ensures a steady flow of income from both existing and new clients.

C Uyemura & Co Financial Statement Overview

Summary

Strong fundamentals supported by high profitability (gross margin 37.99%, net margin 16.79%, EBIT margin 22.46%), excellent balance-sheet strength with minimal leverage (debt-to-equity 0.01; equity ratio 81.27%; ROE 13.27%), and solid cash conversion (operating cash flow to net income 1.36; free cash flow growth 67.85%).

Income Statement

C Uyemura & Co has demonstrated strong revenue growth with a Revenue Growth Rate of 4.47% in the most recent year. The company has maintained high profitability margins, including a Gross Profit Margin of 37.99% and a Net Profit Margin of 16.79% for the latest year. The EBIT Margin stands at 22.46%, indicating efficient management of operating expenses relative to revenue. Overall, the financial performance is robust with consistent growth and strong profitability.

Balance Sheet

The company's balance sheet is very strong with a low Debt-to-Equity Ratio of 0.01, indicating minimal leverage and potential risk from debt. A high Equity Ratio of 81.27% reflects substantial financial stability, and the Return on Equity (ROE) is impressive at 13.27%, showcasing effective utilization of equity to generate profits. The company's balance sheet demonstrates excellent financial health and low leverage risk.

Cash Flow

C Uyemura & Co shows solid cash flow management with a Free Cash Flow Growth Rate of 67.85% in the most recent year. The Operating Cash Flow to Net Income Ratio is 1.36, indicating strong cash generation relative to reported earnings. The Free Cash Flow to Net Income Ratio is 1.21, reflecting effective conversion of earnings into cash. Overall, the cash flow position is strong, supporting ongoing operations and growth initiatives.

Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	83.98B	83.85B	80.26B	85.75B	72.30B	55.95B
Gross Profit	32.70B	31.87B	27.71B	27.15B	24.69B	19.22B
EBITDA	21.92B	22.40B	17.81B	17.59B	16.00B	12.00B
Net Income	13.85B	14.08B	10.92B	10.55B	9.68B	7.13B
Balance Sheet
Total Assets	124.23B	130.59B	118.17B	107.27B	101.19B	85.11B
Cash, Cash Equivalents and Short-Term Investments	48.74B	52.15B	38.22B	32.66B	31.10B	30.59B
Total Debt	1.12B	1.23B	1.32B	1.14B	1.12B	834.37M
Total Liabilities	21.43B	24.47B	25.46B	22.90B	22.48B	15.63B
Stockholders Equity	102.80B	106.12B	92.71B	84.36B	78.71B	69.47B
Cash Flow
Free Cash Flow	0.00	17.00B	10.13B	7.37B	4.70B	7.33B
Operating Cash Flow	0.00	19.20B	12.44B	13.46B	7.42B	8.68B
Investing Cash Flow	0.00	-3.59B	-1.12B	-6.71B	-4.69B	-3.91B
Financing Cash Flow	0.00	-3.53B	-6.27B	-7.55B	-3.79B	-1.78B

C Uyemura & Co Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 14930.00
• 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:4966, the sentiment is Positive. The current price of 14930 is below the 20-day moving average (MA) of 20413.50, below the 50-day MA of 17726.60, and above the 200-day MA of 12732.30, indicating a bullish trend. The MACD of 1205.90 indicates Negative momentum. The RSI at 77.20 is Negative, neither overbought nor oversold. The STOCH value of 65.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4966.

C Uyemura & Co Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
4966	79 Outperform	¥347.02B	24.12	13.36%	1.87%	1.18%	4.57%
4203	76 Outperform	¥520.90B	20.36	6.52%	1.82%	3.25%	-11.31%
4095	75 Outperform	¥190.08B	13.84	―	3.50%	3.85%	-1.53%
4118	74 Outperform	¥333.27B	12.62	5.47%	3.41%	2.60%	9.50%
4631	65 Neutral	¥437.69B	12.96	8.14%	2.61%	-1.45%	―
4043	63 Neutral	¥314.86B	12.71	8.86%	2.65%	-0.04%	3.15%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%