Japan Pure Chemical Co., Ltd. (JP:4973)
:4973
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Japan Pure Chemical Co., Ltd.
(4973)
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Rating:74Outperform
Price Target:
¥5,723.00
▲(64.45% Upside)
Action:ReiteratedDate:04/26/26
The score is driven by attractive valuation (low P/E and solid dividend yield) and supportive technical trend (trading above key moving averages). These positives are tempered by financial performance risk—especially negative operating/free cash flow in 2026 and uneven operating margins—despite a very strong, debt-free balance sheet.
Positive Factors
Debt-free balance sheet
Zero reported debt materially lowers financial risk and gives management durable flexibility to fund working capital, R&D, or modest M&A without refinancing risk. For a cyclic specialty-chemicals supplier, debt-free status supports resilience through demand swings and capital-intensive qualification cycles.
Negative Factors
Negative operating and free cash flow
A 2026 reversal to materially negative operating and free cash flow undermines confidence that accounting profits convert to spendable cash. Persistent cash shortfalls constrain discretionary investment, debt-free status notwithstanding, and increase sensitivity to working-capital swings or unexpected capex over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free balance sheet
Zero reported debt materially lowers financial risk and gives management durable flexibility to fund working capital, R&D, or modest M&A without refinancing risk. For a cyclic specialty-chemicals supplier, debt-free status supports resilience through demand swings and capital-intensive qualification cycles.
Read all positive factors
Japan Pure Chemical Co., Ltd. (4973) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥29.31B
Dividend Yield3.63%
Average Volume (3M)12.29K
Price to Earnings (P/E)14.8
Beta (1Y)0.54
Revenue Growth43.31%
EPS Growth13.90%
CountryJP
Employees49
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)63.76
Shares Outstanding6,067,200
10 Day Avg. Volume9,200
30 Day Avg. Volume12,293
Financial Highlights & Ratios
PEG Ratio1.06
Price to Book (P/B)1.48
Price to Sales (P/S)1.48
P/FCF Ratio-31.73
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)269.7
Revenue Forecast (FY)¥17.00B
Japan Pure Chemical Co., Ltd. Business Overview & Revenue Model
Company Description
Japan Pure Chemical Co., Ltd. develops, manufactures, and sells metal plating chemicals for electronic devices in Japan. The company provides gold electroplating formulation for semiconductor applications; gold electroplating formulation for PWB, ...
How the Company Makes Money
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Japan Pure Chemical Co., Ltd. Financial Statement Overview
Summary
Income Statement
71
Positive
Balance Sheet
88
Very Positive
Cash Flow
46
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 12.94B | 18.07B | 12.61B | 11.42B | 16.25B | 18.71B |
| Gross Profit | 1.60B | 1.94B | 1.63B | 1.37B | 1.58B | 2.19B |
| EBITDA | 2.08B | 664.62M | 2.26B | 402.00M | 651.98M | 1.32B |
| Net Income | 1.44B | 1.80B | 1.58B | 548.26M | 569.98M | 974.20M |
Balance Sheet | ||||||
| Total Assets | 15.98B | 21.74B | 15.86B | 17.14B | 15.61B | 16.87B |
| Cash, Cash Equivalents and Short-Term Investments | 7.00B | 7.75B | 7.59B | 6.16B | 5.77B | 4.03B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 2.09B | 3.67B | 2.26B | 2.60B | 2.11B | 2.62B |
| Stockholders Equity | 13.89B | 18.06B | 13.59B | 14.54B | 13.51B | 14.24B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -842.24M | 500.71M | 551.90M | 2.52B | 94.59M |
| Operating Cash Flow | 0.00 | -772.58M | 579.79M | 684.68M | 2.54B | 180.01M |
| Investing Cash Flow | 0.00 | 1.11B | 1.52B | 166.77M | 19.76M | -93.61M |
| Financing Cash Flow | 0.00 | -673.07M | -676.56M | -457.99M | -824.05M | -425.58M |
Japan Pure Chemical Co., Ltd. Technical Analysis
Positive
3480.00
Price Trends
4897.18
Negative
4231.34
Positive
3616.72
Positive
Market Momentum
35.15
Negative
49.61
Neutral
50.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4973, the sentiment is Positive. The current price of 3480 is below the 20-day moving average (MA) of 4812.37, below the 50-day MA of 4897.18, and below the 200-day MA of 3616.72, indicating a neutral trend. The MACD of 35.15 indicates Negative momentum. The RSI at 49.61 is Neutral, neither overbought nor oversold. The STOCH value of 50.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:4973.
Japan Pure Chemical Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ¥29.31B | 14.81 | ― | 3.63% | 43.31% | 13.90% | |
73 Outperform | ¥68.78B | 18.37 | 6.31% | 4.01% | 8.32% | -8.81% | |
70 Outperform | ¥60.80B | -468.17 | ― | 4.37% | -3.52% | 3.66% | |
69 Neutral | ¥55.25B | 12.01 | ― | 2.92% | -5.24% | 17.53% | |
62 Neutral | ¥24.84B | 9.97 | ― | 4.27% | 3.42% | -5.48% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ¥40.24B | 11.77 | ― | 2.37% | -8.16% | -39.90% |
* Basic Materials Sector Average
JP:4973
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Japan Pure Chemical Co., Ltd. Corporate Events
Japan Pure Chemical Flags Noble Metal Volatility in FY2026 Results
Apr 24, 2026
Japan Pure Chemical Co., Ltd. reported that its financial results for the year ended March 31, 2026, are heavily affected by the product mix between noble-metal-based offerings and chemicals sold without noble metals. Because noble metals are high...
Japan Pure Chemical lifts profits, balance sheet and dividends as sales surge
Apr 24, 2026
Japan Pure Chemical reported a 43.3% jump in net sales to ¥18.1 billion for the fiscal year ended March 31, 2026, with operating profit up 14.7% to ¥576 million and profit rising 14.2% to ¥1.8 billion. Earnings per share climbed to ...
Japan Pure Chemical Reports Shift in Major Shareholder to Hibiki Path Advisors SPC
Feb 10, 2026
Japan Pure Chemical has announced a change in its major shareholder structure following the filing of a large shareholding report with the Kanto Local Finance Bureau. Hibiki Path Advisors SPC, an investment entity based in the Cayman Islands, has ...
Japan Pure Chemical Highlights Revenue Sensitivity to Noble Metal Price Swings
Jan 26, 2026
In its financial results for the third quarter ended December 31, 2025, Japan Pure Chemical Co., Ltd. highlighted that its sales are heavily influenced by the mix between transactions involving noble metals with chemicals and those involving chemi...
Japan Pure Chemical to Book ¥300 Million Extraordinary Gain from Sale of Investment Securities
Jan 26, 2026
Japan Pure Chemical Co., Ltd. has resolved to sell a portion of its holdings in listed equity securities, in line with its FY2025–2027 medium-term management plan to reduce specified investment shares to below 20% of net assets. The transact...
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.