C Uyemura & Co (4966) AI Stock Analysis

• Market Cap: ¥309.80B
• Dividend Yield: 1.87%
• Average Volume (3M): 38.22K
• Price to Earnings (P/E): 13.2
• Beta (1Y): 0.98
• 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): ¥88.71B

• Rating: 79 Outperform
• Price Target: ¥24,618.00 ▲(64.89% 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 and EBIT margins reflect durable pricing power and process expertise in specialty plating chemicals. These margins support ongoing R&D, customer qualification costs and allow reinvestment to maintain technical differentiation and long-term competitiveness.

Very Strong Balance Sheet

Extremely low leverage and a high equity ratio give the company long-term financial flexibility to fund capex, warranty or qualification support and survive industry cyclicality. A solid balance sheet lowers solvency risk and supports strategic investments without reliance on external debt.

Robust Cash Generation

Strong operating cash conversion and large free cash flow growth provide durable internal funding for process development, customer support and selective M&A. Reliable cash yield reduces financing risk and supports long-term service and supply commitments to manufacturing customers.

Negative Factors

Negative EPS Growth

A material decline in reported EPS growth suggests recent profitability or reporting volatility that can persist across cycles. Prolonged negative EPS growth can constrain reinvestment, reduce stakeholder confidence and signal operational or demand-side headwinds needing remediation.

Modest Revenue Expansion

Top-line growth near mid-single digits limits scale benefits and may not keep pace with faster-growing segments of electronics supply chains. Sustained modest revenue growth requires continued share gains or product expansion to justify high operating leverage and preserve long-term margin profile.

Concentrated, Cyclical End Markets

Heavy dependence on electronics manufacturing (PCBs, semiconductor packaging) creates structural exposure to cyclical capex and utilization swings. Downturns or shifts in customer process choices can materially cut recurring consumable sales and slow qualification-driven revenue expansion.

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: Neutral
• Last Price: 14930.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4966, the sentiment is Neutral. The current price of 14930 is below the 20-day moving average (MA) of 20958.00, below the 50-day MA of 18343.20, and above the 200-day MA of 13026.65, indicating a neutral trend. The MACD of 752.11 indicates Positive momentum. The RSI at 47.72 is Neutral, neither overbought nor oversold. The STOCH value of 37.40 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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	¥309.80B	13.16	13.36%	1.87%	1.18%	4.57%
4203	76 Outperform	¥455.09B	17.67	6.52%	1.82%	3.25%	-11.31%
4095	75 Outperform	¥172.20B	10.40	―	3.50%	3.85%	-1.53%
4118	74 Outperform	¥303.23B	9.05	5.47%	3.41%	2.60%	9.50%
4631	65 Neutral	¥370.29B	10.69	8.14%	2.61%	-1.45%	―
4043	65 Neutral	¥275.58B	11.03	9.45%	2.65%	-0.04%	3.15%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%