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Japan Pure Chemical Co., Ltd.
(4973)
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Rating:74Outperform
Price Target:
¥5,655.00
▲(62.50% Upside)
Action:Reiterated
Date:06/20/26
The score is driven by a strong technical uptrend and a solid valuation supported by a ~3.25% dividend yield. Financially, the debt-free balance sheet is a major strength, but the overall score is held back by volatile profitability and a sharp move to negative operating and free cash flow in 2026.
Positive Factors
Debt-free Balance Sheet
A zero-debt balance sheet materially lowers financial risk and provides durable financial flexibility. Over the medium term this allows the company to fund working capital swings, invest in product development or capital equipment, and pursue opportunistic M&A without relying on external financing.
Negative Factors
Weak cash generation
A sharp swing to negative operating and free cash flow is a durable concern: earnings are not reliably converting to cash. This reduces internal funding for capex, working capital and dividends, and increases reliance on the balance sheet to bridge shortfalls despite zero debt.
Read all positive and negative factors
Positive Factors
Negative Factors
Debt-free Balance Sheet
A zero-debt balance sheet materially lowers financial risk and provides durable financial flexibility. Over the medium term this allows the company to fund working capital swings, invest in product development or capital equipment, and pursue opportunistic M&A without relying on external financing.
Read all positive factors
Japan Pure Chemical Co., Ltd. (4973) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥28.13B
Dividend Yield3.63%
Average Volume (3M)12.29K
Price to Earnings (P/E)16.4
Beta (1Y)0.75
Revenue Growth43.31%
EPS Growth13.91%
CountryJP
Employees52
SectorGeneral
Sector StrengthN/A
IndustryIndustrial - Specialties
Share Statistics
EPS (TTM)311.79
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 precious metal plating chemicals for electronic components in Japan and internationally. The company provides gold electrolytic plating formulation for semiconductor applications, as w...
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 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 18.07B | 12.61B | 11.42B | 16.25B | 18.71B |
| Gross Profit | 1.94B | 1.63B | 1.37B | 1.58B | 2.19B |
| EBITDA | 664.62M | 2.26B | 402.00M | 651.98M | 1.32B |
| Net Income | 1.80B | 1.58B | 548.26M | 569.98M | 974.20M |
Balance Sheet | |||||
| Total Assets | 21.74B | 15.86B | 17.14B | 15.61B | 16.87B |
| Cash, Cash Equivalents and Short-Term Investments | 7.75B | 7.59B | 6.16B | 5.77B | 4.03B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 3.67B | 2.26B | 2.60B | 2.11B | 2.62B |
| Stockholders Equity | 18.06B | 13.59B | 14.54B | 13.51B | 14.24B |
Cash Flow | |||||
| Free Cash Flow | -842.24M | 500.71M | 551.90M | 2.52B | 94.59M |
| Operating Cash Flow | -772.58M | 579.79M | 684.68M | 2.54B | 180.01M |
| Investing Cash Flow | 1.11B | 1.52B | 166.77M | 19.76M | -93.61M |
| Financing Cash Flow | -673.07M | -676.56M | -457.99M | -824.05M | -425.58M |
Japan Pure Chemical Co., Ltd. Technical Analysis
Negative
3480.00
Price Trends
5459.20
Negative
5183.38
Negative
4283.65
Positive
Market Momentum
-75.21
Positive
39.78
Neutral
3.29
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:4973, the sentiment is Negative. The current price of 3480 is below the 20-day moving average (MA) of 5545.00, below the 50-day MA of 5459.20, and below the 200-day MA of 4283.65, indicating a neutral trend. The MACD of -75.21 indicates Positive momentum. The RSI at 39.78 is Neutral, neither overbought nor oversold. The STOCH value of 3.29 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:4973.
Japan Pure Chemical Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ¥73.05B | 22.33 | 6.31% | 4.01% | 1.41% | 7.60% | |
74 Outperform | ¥28.13B | 16.42 | ― | 3.63% | 43.31% | 13.91% | |
72 Outperform | ¥32.99B | 10.66 | ― | 2.37% | -1.11% | -3.99% | |
69 Neutral | ¥57.29B | 12.85 | ― | 2.92% | -5.24% | 17.49% | |
68 Neutral | ¥64.29B | 23.58 | ― | 4.37% | -3.84% | -43.95% | |
62 Neutral | ¥43.13B | 20.48 | ― | 4.27% | 2.37% | -16.75% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
JP:4973
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Japan Pure Chemical Co., Ltd. Corporate Events
Japan Pure Chemical Discloses Change in Largest Major Shareholder
Jul 2, 2026
Japan Pure Chemical Co., Ltd., a Prime Market-listed Japanese chemical manufacturer, serves industrial customers with specialized chemical products and maintains a governance-focused organization with dedicated corporate planning and finance funct...
Japan Pure Chemical Grants New Stock Options to Align Employees With Shareholder Value
Jun 24, 2026
Japan Pure Chemical has approved the issuance of its 23rd series of share acquisition rights as stock options for designated employees, granting 186 rights in total, each linked to 100 shares of common stock. The company aims to boost employee mot...
Japan Pure Chemical Lifts Annual Dividend to ¥200 per Share
May 22, 2026
Japan Pure Chemical Co., Ltd. has approved a year‑end dividend of ¥137 per share for the fiscal year ended March 31, 2026, with a record date of March 31 and payment scheduled for June 9, 2026. Together with the already paid interim div...
Japan Pure Chemical Announces Governance-Focused Director Lineup for 2026
May 22, 2026
Japan Pure Chemical announced board-approved personnel changes to its directors and officers, following recommendations from its Nomination and Compensation Advisory Committee, with final approval scheduled at the 55th Annual General Meeting of Sh...
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 ...
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.