Reported Earnings • 20h
Full year 2026 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2026 results: EPS: JP¥202 (up from JP¥172 in FY 2025). Revenue: JP¥33.8b (down 5.2% from FY 2025). Net income: JP¥4.43b (up 14% from FY 2025). Profit margin: 13% (up from 11% in FY 2025). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 1.8%. Earnings per share (EPS) exceeded analyst estimates by 2.1%. Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, compared to a 5.3% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Apr 29
Nippon Fine Chemical Co., Ltd., Annual General Meeting, Jun 24, 2026 Nippon Fine Chemical Co., Ltd., Annual General Meeting, Jun 24, 2026. Announcement • Apr 21
Nippon Fine Chemical Co., Ltd. to Report Fiscal Year 2026 Results on Apr 28, 2026 Nippon Fine Chemical Co., Ltd. announced that they will report fiscal year 2026 results on Apr 28, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥47.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 25 June 2026. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). New Risk • Jan 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Jan 29
Third quarter 2026 earnings released: EPS: JP¥43.66 (vs JP¥44.98 in 3Q 2025) Third quarter 2026 results: EPS: JP¥43.66 (down from JP¥44.98 in 3Q 2025). Revenue: JP¥7.38b (down 20% from 3Q 2025). Net income: JP¥946.7m (down 6.5% from 3Q 2025). Profit margin: 13% (up from 11% in 3Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to JP¥2,585, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 14x in the Chemicals industry in Japan. Total returns to shareholders of 16% over the past three years. Announcement • Dec 02
Nippon Fine Chemical Co., Ltd. to Report Q3, 2026 Results on Jan 28, 2026 Nippon Fine Chemical Co., Ltd. announced that they will report Q3, 2026 results on Jan 28, 2026 Declared Dividend • Dec 02
First half dividend of JP¥47.00 announced Shareholders will receive a dividend of JP¥47.00. Ex-date: 30th March 2026 Payment date: 25th June 2026 Dividend yield will be 3.3%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (18% earnings payout ratio) and cash flows (54% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥69.09 (vs JP¥44.72 in 2Q 2025) Second quarter 2026 results: EPS: JP¥69.09 (up from JP¥44.72 in 2Q 2025). Revenue: JP¥9.37b (up 2.8% from 2Q 2025). Net income: JP¥1.51b (up 50% from 2Q 2025). Profit margin: 16% (up from 11% in 2Q 2025). The increase in margin was primarily driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 6% per year. Buy Or Sell Opportunity • Nov 01
Now 22% overvalued Over the last 90 days, the stock has fallen 11% to JP¥2,486. The fair value is estimated to be JP¥2,044, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 5.1%. Revenue is forecast to decline by 1.5% in 2 years. Earnings are forecast to grow by 0.3% in the next 2 years. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥47.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Payout ratio is a comfortable 41% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Reported Earnings • Jul 31
First quarter 2026 earnings released: EPS: JP¥44.72 (vs JP¥34.99 in 1Q 2025) First quarter 2026 results: EPS: JP¥44.72 (up from JP¥34.99 in 1Q 2025). Revenue: JP¥8.12b (down 1.7% from 1Q 2025). Net income: JP¥999.0m (up 27% from 1Q 2025). Profit margin: 12% (up from 9.5% in 1Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to stay flat during the next 3 years compared to a 4.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has increased by 12% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥47.00 announced Shareholders will receive a dividend of JP¥47.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 3.3%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but not covered by cash flows (118% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. New Risk • May 02
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 94% Dividend yield: 3.4% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • May 01
Full year 2025 earnings: EPS exceeds analyst expectations Full year 2025 results: EPS: JP¥172 (up from JP¥146 in FY 2024). Revenue: JP¥35.7b (up 6.4% from FY 2024). Net income: JP¥3.87b (up 16% from FY 2024). Profit margin: 11% (up from 9.9% in FY 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.0%. Revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Announcement • May 01
Nippon Fine Chemical Co., Ltd. (TSE:4362) announces an Equity Buyback for 1,200,000 shares, representing 5.33% for ¥2,000 million. Nippon Fine Chemical Co., Ltd. (TSE:4362) announces a share repurchase program. Under the program, the company will repurchase up to 1,200,000 shares, representing 5.33% of its issued share capital, for ¥2,000 million. The purpose of the program is to enhance shareholder return and to improve capital efficiency. The program will be valid till April 28, 2026. As of March 31, 2025, the company had 22,498,766 issued shares (excluding treasury stock) and 2,873,681 treasury shares. Announcement • Apr 30
Nippon Fine Chemical Co., Ltd., Annual General Meeting, Jun 24, 2025 Nippon Fine Chemical Co., Ltd., Annual General Meeting, Jun 24, 2025. Buy Or Sell Opportunity • Apr 21
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 9.5% to JP¥2,016. The fair value is estimated to be JP¥2,534, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 2.9%. Revenue is forecast to grow by 9.7% in 2 years. Earnings are forecast to grow by 10% in the next 2 years. Buy Or Sell Opportunity • Apr 03
Now 21% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to JP¥1,969. The fair value is estimated to be JP¥2,485, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 2.9%. Revenue is forecast to grow by 9.7% in 2 years. Earnings are forecast to grow by 10% in the next 2 years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥37.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 63% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Announcement • Mar 13
Nippon Fine Chemical Co., Ltd. to Report Fiscal Year 2025 Results on Apr 30, 2025 Nippon Fine Chemical Co., Ltd. announced that they will report fiscal year 2025 results on Apr 30, 2025 Reported Earnings • Jan 30
Third quarter 2025 earnings released: EPS: JP¥44.98 (vs JP¥35.11 in 3Q 2024) Third quarter 2025 results: EPS: JP¥44.98 (up from JP¥35.11 in 3Q 2024). Revenue: JP¥9.23b (up 14% from 3Q 2024). Net income: JP¥1.01b (up 27% from 3Q 2024). Profit margin: 11% (up from 9.8% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year. Announcement • Dec 18
Nippon Fine Chemical Co., Ltd. to Report Q3, 2025 Results on Jan 29, 2025 Nippon Fine Chemical Co., Ltd. announced that they will report Q3, 2025 results on Jan 29, 2025 Declared Dividend • Dec 03
First half dividend of JP¥37.00 announced Shareholders will receive a dividend of JP¥37.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 2.9%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (22% earnings payout ratio) and cash flows (49% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: JP¥44.72 (vs JP¥29.13 in 2Q 2024) Second quarter 2025 results: EPS: JP¥44.72 (up from JP¥29.13 in 2Q 2024). Revenue: JP¥9.12b (up 13% from 2Q 2024). Net income: JP¥1.01b (up 51% from 2Q 2024). Profit margin: 11% (up from 8.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 4% per year. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥37.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 48% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%). Announcement • Sep 13
Nippon Fine Chemical Co., Ltd. to Report Q2, 2025 Results on Oct 30, 2024 Nippon Fine Chemical Co., Ltd. announced that they will report Q2, 2025 results on Oct 30, 2024 Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to JP¥2,187, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Chemicals industry in Japan. Total returns to shareholders of 34% over the past three years. New Risk • Aug 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: JP¥34.99 (vs JP¥36.56 in 1Q 2024) First quarter 2025 results: EPS: JP¥34.99 (down from JP¥36.56 in 1Q 2024). Revenue: JP¥8.26b (up 1.9% from 1Q 2024). Net income: JP¥787.0m (down 5.6% from 1Q 2024). Profit margin: 9.5% (in line with 1Q 2024). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 13% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥37.00 announced Shareholders will receive a dividend of JP¥37.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 2.4%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (21% earnings payout ratio) and cash flows (33% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 31% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 15
Nippon Fine Chemical Co., Ltd. to Report Q1, 2025 Results on Jul 30, 2024 Nippon Fine Chemical Co., Ltd. announced that they will report Q1, 2025 results on Jul 30, 2024 Reported Earnings • May 01
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥146 (down from JP¥174 in FY 2023). Revenue: JP¥33.5b (down 9.0% from FY 2023). Net income: JP¥3.33b (down 18% from FY 2023). Profit margin: 9.9% (down from 11% in FY 2023). The decrease in margin was driven by lower revenue. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 3.5%. Revenue is forecast to grow 8.0% p.a. on average during the next 2 years, compared to a 5.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Mar 28
Nippon Fine Chemical Co., Ltd. to Report Fiscal Year 2024 Results on Apr 30, 2024 Nippon Fine Chemical Co., Ltd. announced that they will report fiscal year 2024 results on Apr 30, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥35.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 21% but the company is paying out more than the cash it is generating. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥35.11 (vs JP¥50.91 in 3Q 2023) Third quarter 2024 results: EPS: JP¥35.11 (down from JP¥50.91 in 3Q 2023). Revenue: JP¥8.12b (down 11% from 3Q 2023). Net income: JP¥799.0m (down 33% from 3Q 2023). Profit margin: 9.8% (down from 13% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 7.8% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 26% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 14
Nippon Fine Chemical Co., Ltd. to Report Q3, 2024 Results on Jan 30, 2024 Nippon Fine Chemical Co., Ltd. announced that they will report Q3, 2024 results on Jan 30, 2024 Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,882, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 103% over the past three years. Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥29.13 (vs JP¥36.40 in 2Q 2023) Second quarter 2024 results: EPS: JP¥29.13 (down from JP¥36.40 in 2Q 2023). Revenue: JP¥8.08b (down 13% from 2Q 2023). Net income: JP¥665.0m (down 23% from 2Q 2023). Profit margin: 8.2% (down from 9.3% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 31
Nippon Fine Chemical Co., Ltd. (TSE:4362) announces an Equity Buyback for 350,000 shares, representing 1.53% for ¥1,000 million. Nippon Fine Chemical Co., Ltd. (TSE:4362) announces a share repurchase program. Under the program, the company will repurchase up to 350,000 shares, representing 1.53% of its issued share capital, for ¥1,000 million. The purpose of the program is to improve capital efficiency and to enable the execution of a flexible capital policy. The program will be valid till March 29, 2024. As of March 31, 2023, the company had 22,809,097 issued shares (excluding treasury stock) and 2,563,352 treasury shares. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥35.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 35% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Announcement • Sep 13
Nippon Fine Chemical Co., Ltd. to Report Q2, 2024 Results on Oct 30, 2023 Nippon Fine Chemical Co., Ltd. announced that they will report Q2, 2024 results on Oct 30, 2023 Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥36.56 (vs JP¥46.41 in 1Q 2023) First quarter 2024 results: EPS: JP¥36.56 (down from JP¥46.41 in 1Q 2023). Revenue: JP¥8.10b (down 14% from 1Q 2023). Net income: JP¥834.0m (down 24% from 1Q 2023). Profit margin: 10% (down from 12% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 8.3% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 14
Nippon Fine Chemical Co., Ltd. to Report Q1, 2024 Results on Jul 28, 2023 Nippon Fine Chemical Co., Ltd. announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • Apr 29
Full year 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Full year 2023 results: EPS: JP¥174 (up from JP¥146 in FY 2022). Revenue: JP¥36.8b (up 10% from FY 2022). Net income: JP¥4.08b (up 18% from FY 2022). Profit margin: 11% (in line with FY 2022). Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 6.5%. Revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has increased by 24% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥28.00 per share at 2.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 24 June 2023. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.8%). Reported Earnings • Jan 31
Third quarter 2023 earnings released: EPS: JP¥50.91 (vs JP¥41.44 in 3Q 2022) Third quarter 2023 results: EPS: JP¥50.91 (up from JP¥41.44 in 3Q 2022). Revenue: JP¥9.09b (up 6.0% from 3Q 2022). Net income: JP¥1.20b (up 22% from 3Q 2022). Profit margin: 13% (up from 12% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Dec 20
Nippon Fine Chemical Co., Ltd. (TSE:4362) announces an Equity Buyback for 950,000 shares, representing 4.02% for ¥2,184.05 million. Nippon Fine Chemical Co., Ltd. (TSE:4362) announces a share repurchase program. Under the program, the company will repurchase up to 950,000 shares, representing 4.02% of its issued share capital (excluding treasury stock), for a total purchase price of ¥2,184.05 million. The shares will be repurchased at a price of ¥2,299 per share. The purpose of the program is to improve capital efficiency and to enable the execution of a flexible capital policy. As of September 30, 2022, the company had 23,630,593 issued shares (excluding treasury stock) and 1,741,854 treasury shares. Announcement • Dec 16
Nippon Fine Chemical Co., Ltd. to Report Q3, 2023 Results on Jan 30, 2023 Nippon Fine Chemical Co., Ltd. announced that they will report Q3, 2023 results on Jan 30, 2023 Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥36.40 (vs JP¥30.87 in 2Q 2022) Second quarter 2023 results: EPS: JP¥36.40 (up from JP¥30.87 in 2Q 2022). Revenue: JP¥9.24b (up 16% from 2Q 2022). Net income: JP¥860.0m (up 17% from 2Q 2022). Profit margin: 9.3% (up from 9.2% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. Independent Outside Director Susumu Ota was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 30
Second quarter 2023 earnings released: EPS: JP¥36.40 (vs JP¥30.87 in 2Q 2022) Second quarter 2023 results: EPS: JP¥36.40 (up from JP¥30.87 in 2Q 2022). Revenue: JP¥9.24b (up 16% from 2Q 2022). Net income: JP¥860.0m (up 17% from 2Q 2022). Profit margin: 9.3% (up from 9.2% in 2Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 17% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥28.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 36% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.9%). Announcement • Sep 07
Nippon Fine Chemical Co., Ltd. to Report Q2, 2023 Results on Oct 28, 2022 Nippon Fine Chemical Co., Ltd. announced that they will report Q2, 2023 results on Oct 28, 2022 Reported Earnings • Jul 30
First quarter 2023 earnings released: EPS: JP¥46.41 (vs JP¥40.64 in 1Q 2022) First quarter 2023 results: EPS: JP¥46.41 (up from JP¥40.64 in 1Q 2022). Revenue: JP¥9.44b (up 14% from 1Q 2022). Net income: JP¥1.10b (up 14% from 1Q 2022). Profit margin: 12% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jun 16
Nippon Fine Chemical Co., Ltd. to Report Q1, 2023 Results on Jul 28, 2022 Nippon Fine Chemical Co., Ltd. announced that they will report Q1, 2023 results on Jul 28, 2022 Announcement • May 02
Nippon Fine Chemical Co., Ltd., Annual General Meeting, Jun 23, 2022 Nippon Fine Chemical Co., Ltd., Annual General Meeting, Jun 23, 2022. Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: JP¥146 (vs JP¥116 in FY 2021) Full year 2022 results: EPS: JP¥146 (up from JP¥116 in FY 2021). Revenue: JP¥33.4b (up 9.6% from FY 2021). Net income: JP¥3.47b (up 26% from FY 2021). Profit margin: 10% (up from 9.0% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 17% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Independent Outside Director Susumu Ota was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Apr 08
Nippon Fine Chemical Co., Ltd. to Report Fiscal Year 2022 Results on Apr 28, 2022 Nippon Fine Chemical Co., Ltd. announced that they will report fiscal year 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.6%). Announcement • Feb 25
Nippon Fine Chemical Co., Ltd. (TSE:4362) announces an Equity Buyback for 150,000 shares, representing 0.63% for ¥310.2 million. Nippon Fine Chemical Co., Ltd. (TSE:4362) announces a share repurchase program. Under the program, the company will repurchase up to 150,000 shares, representing 0.63% of its issued share capital for ¥310.2 million. The purpose of the program is to enable agile capital policy in response to changes in the business environment. The program is valid till February 25, 2022. As of December 31, 2021, the company has 23,746,595 shares issued (excluding treasury stock) and 1,625,852 shares in treasury. Reported Earnings • Jan 28
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥41.44 (down from JP¥47.75 in 3Q 2021). Revenue: JP¥8.57b (up 7.2% from 3Q 2021). Net income: JP¥984.0m (down 13% from 3Q 2021). Profit margin: 12% (down from 14% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 27
Investor sentiment deteriorated over the past week After last week's 17% share price decline to JP¥1,932, the stock trades at a trailing P/E ratio of 14.6x. Average trailing P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 91% over the past three years. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS JP¥30.87 (vs JP¥22.61 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥7.96b (up 14% from 2Q 2021). Net income: JP¥733.0m (up 37% from 2Q 2021). Profit margin: 9.2% (up from 7.7% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 1.6%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (1.9%). Reported Earnings • Jun 29
Full year 2021 earnings released: EPS JP¥116 (vs JP¥110 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥30.5b (up 5.0% from FY 2020). Net income: JP¥2.76b (up 5.2% from FY 2020). Profit margin: 9.0% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • May 03
Full year 2021 earnings released: EPS JP¥116 (vs JP¥110 in FY 2020) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥30.5b (up 5.0% from FY 2020). Net income: JP¥2.76b (up 5.2% from FY 2020). Profit margin: 9.0% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.50 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 24 June 2021. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.8%). Announcement • Mar 14
Nippon Fine Chemical Co., Ltd. to Report Fiscal Year 2021 Results on Apr 30, 2021 Nippon Fine Chemical Co., Ltd. announced that they will report fiscal year 2021 results on Apr 30, 2021 Is New 90 Day High Low • Mar 05
New 90-day high: JP¥1,497 The company is up 1.0% from its price of JP¥1,484 on 04 December 2020. The Japanese market is up 6.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Chemicals industry, which is down 2.0% over the same period. Reported Earnings • Jan 30
Third quarter 2021 earnings released: EPS JP¥47.75 (vs JP¥33.44 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥7.99b (up 6.6% from 3Q 2020). Net income: JP¥1.13b (up 43% from 3Q 2020). Profit margin: 14% (up from 11% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Is New 90 Day High Low • Jan 15
New 90-day low: JP¥1,365 The company is down 12% from its price of JP¥1,560 on 16 October 2020. The Japanese market is up 15% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 19% over the same period. Is New 90 Day High Low • Dec 24
New 90-day low: JP¥1,407 The company is down 15% from its price of JP¥1,658 on 25 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 13% over the same period. Announcement • Dec 17
Nippon Fine Chemical Co., Ltd. to Report Q3, 2021 Results on Jan 28, 2021 Nippon Fine Chemical Co., Ltd. announced that they will report Q3, 2021 results on Jan 28, 2021 Announcement • Sep 06
Nippon Fine Chemical Co., Ltd. to Report Q2, 2021 Results on Oct 28, 2020 Nippon Fine Chemical Co., Ltd. announced that they will report Q2, 2021 results on Oct 28, 2020 Announcement • Jun 19
Nippon Fine Chemical Co., Ltd. to Report Q1, 2021 Results on Jul 29, 2020 Nippon Fine Chemical Co., Ltd. announced that they will report Q1, 2021 results on Jul 29, 2020