C Uyemura & Co (4966) AI Stock Analysis

• Market Cap: ¥351.54B
• Dividend Yield: 1.87%
• Average Volume (3M): 38.22K
• Price to Earnings (P/E): 13.2
• Beta (1Y): 0.93
• 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): 909.73
• Revenue Forecast (FY): ¥89.60B

• Rating: 79 Outperform
• Price Target: ¥25,843.00 ▲(73.09% 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

Sustained high gross and operating margins indicate strong pricing power and efficient operations in specialty chemicals. These margins provide durable cash flow buffers, support reinvestment in R&D and process support, and help the firm withstand cyclical downcycles in electronics demand.

Very Strong Balance Sheet

Minimal leverage and a high equity ratio give the company financial flexibility to fund capital needs, absorb sector cyclicality, and pursue selective investments or M&A without stressing liquidity. High ROE shows effective use of equity to generate returns.

Excellent Cash Generation

Strong free cash flow growth and above‑par cash conversion indicate reliable internal funding for capex, R&D, and customer support. Robust cash generation underpins long‑term operational stability and reduces reliance on external financing.

Negative Factors

End‑market Cyclicality

Revenue and utilization are tied to cyclical electronics demand. Because consumable chemical sales track customers' production volumes, downturns in PCBs or packaging can materially reduce recurring revenues and elongate recovery periods, stressing growth predictability.

Dependence on Process Quals

A significant portion of future revenue requires successful customer qualification of plating processes. Long qualification cycles and the need to displace incumbents create adoption risk and uneven revenue cadence, limiting near-term visibility into sustainable volume ramps.

Recent EPS Contraction

Material negative EPS growth points to recent earnings volatility or declines despite strong margins and cash flow. This could reflect cyclical revenue swings, one‑off items, or margin pressures in pockets of the business that may persist until end‑market demand stabilizes.

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

The company primarily makes money by selling specialty chemicals and process solutions used in plating and surface treatment steps in electronics manufacturing. Key revenue streams typically include: (1) recurring sales of consumable plating chemicals (e.g., chemical formulations used in electroless/electroplating and related surface-treatment processes), where customer production volumes drive ongoing replenishment demand; (2) sales and support tied to process technology adoption—when customers introduce or qualify a plating process, the company earns from initial chemical supply, technical service, and ongoing supply as the process moves into mass production; and (3) revenue from related equipment and/or associated services (such as process support, bath control/maintenance guidance, and technical consulting) that help customers run plating lines stably and meet yield/reliability requirements. Earnings are influenced by end-market demand for electronics (PCBs, semiconductor packaging, and other electronic components), customers’ capacity utilization, and the company’s ability to win new process qualifications and maintain long-term supply relationships with manufacturers.

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	31.88B	27.03B	26.53B	24.14B	18.65B
EBITDA	21.14B	21.09B	16.99B	17.07B	15.86B	11.56B
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	102.01B	85.76B
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	23.30B	16.28B
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: Neutral
• STOCH: Negative

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 21732.00, below the 50-day MA of 19543.00, and above the 200-day MA of 13549.85, indicating a bullish trend. The MACD of 877.72 indicates Negative momentum. The RSI at 59.97 is Neutral, neither overbought nor oversold. The STOCH value of 82.66 is Negative, 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	¥351.54B	13.16	13.36%	1.87%	1.18%	4.57%
4203	76 Outperform	¥446.33B	17.67	6.52%	1.82%	3.25%	-11.31%
4095	75 Outperform	¥171.96B	10.40	―	3.50%	3.85%	-1.53%
4118	74 Outperform	¥301.27B	9.05	5.47%	3.41%	2.60%	9.50%
4631	65 Neutral	¥363.86B	10.69	8.14%	2.61%	-1.45%	―
4043	65 Neutral	¥267.95B	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%