Annonce • Jun 17
Harima Chemicals Group, Inc. to Report Q1, 2027 Results on Jul 31, 2026 Harima Chemicals Group, Inc. announced that they will report Q1, 2027 results on Jul 31, 2026 Valuation Update With 7 Day Price Move • Jun 02
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥1,183, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 13x in the Chemicals industry in Japan. Total returns to shareholders of 60% over the past three years. Reported Earnings • May 01
Full year 2026 earnings released: EPS: JP¥96.52 (vs JP¥31.46 in FY 2025) Full year 2026 results: EPS: JP¥96.52 (up from JP¥31.46 in FY 2025). Revenue: JP¥103.8b (up 2.7% from FY 2025). Net income: JP¥2.35b (up 207% from FY 2025). Profit margin: 2.3% (up from 0.8% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 86% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Annonce • Apr 30
Harima Chemicals Group, Inc., Annual General Meeting, Jun 26, 2026 Harima Chemicals Group, Inc., Annual General Meeting, Jun 26, 2026. Annonce • Apr 21
Harima Chemicals Group, Inc. to Report Fiscal Year 2026 Results on Apr 30, 2026 Harima Chemicals Group, Inc. announced that they will report fiscal year 2026 results on Apr 30, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 29 June 2026. Payout ratio is a comfortable 28% but the company is not cash flow positive. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Reported Earnings • Jan 31
Third quarter 2026 earnings released: EPS: JP¥39.90 (vs JP¥5.32 in 3Q 2025) Third quarter 2026 results: EPS: JP¥39.90 (up from JP¥5.32 in 3Q 2025). Revenue: JP¥26.7b (flat on 3Q 2025). Net income: JP¥970.0m (up JP¥841.0m from 3Q 2025). Profit margin: 3.6% (up from 0.5% in 3Q 2025). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Buy Or Sell Opportunity • Dec 23
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at JP¥909. The fair value is estimated to be JP¥751, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.6% over the last 3 years. Meanwhile, the company has become profitable. Annonce • Dec 09
Harima Chemicals Group, Inc. to Report Q3, 2026 Results on Jan 30, 2026 Harima Chemicals Group, Inc. announced that they will report Q3, 2026 results on Jan 30, 2026 Declared Dividend • Dec 04
First half dividend of JP¥21.00 announced Dividend of JP¥21.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 29th June 2026 Dividend yield will be 4.9%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is not covered by earnings (102% earnings payout ratio) and the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 13% to bring the payout ratio under control. However, EPS has remained steady over the last 5 years so the company would need to improve on their historical growth rates. Reported Earnings • Nov 01
Second quarter 2026 earnings released: EPS: JP¥18.15 (vs JP¥9.48 in 2Q 2025) Second quarter 2026 results: EPS: JP¥18.15 (up from JP¥9.48 in 2Q 2025). Revenue: JP¥25.5b (flat on 2Q 2025). Net income: JP¥441.0m (up 92% from 2Q 2025). Profit margin: 1.7% (up from 0.9% in 2Q 2025). Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Annonce • Sep 09
Harima Chemicals Group, Inc. to Report Q2, 2026 Results on Oct 31, 2025 Harima Chemicals Group, Inc. announced that they will report Q2, 2026 results on Oct 31, 2025 Reported Earnings • Aug 02
First quarter 2026 earnings released: EPS: JP¥16.20 (vs JP¥15.06 in 1Q 2025) First quarter 2026 results: EPS: JP¥16.20 (up from JP¥15.06 in 1Q 2025). Revenue: JP¥25.7b (up 8.0% from 1Q 2025). Net income: JP¥393.0m (up 7.7% from 1Q 2025). Profit margin: 1.5% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 56% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Declared Dividend • Jul 09
Final dividend of JP¥21.00 announced Dividend of JP¥21.00 is the same as last year. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 5.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. The dividend is also not covered by cash flows (159% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Annonce • Jun 14
Harima Chemicals Group, Inc. to Report Q1, 2026 Results on Jul 31, 2025 Harima Chemicals Group, Inc. announced that they will report Q1, 2026 results on Jul 31, 2025 New Risk • May 02
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 159% Dividend yield: 5.3% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (2.9x net interest cover). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 159% Earnings have declined by 42% per year over the past 5 years. Minor Risk Large one-off items impacting financial results. Reported Earnings • May 01
Full year 2025 earnings released: EPS: JP¥31.46 (vs JP¥47.93 loss in FY 2024) Full year 2025 results: EPS: JP¥31.46 (up from JP¥47.93 loss in FY 2024). Revenue: JP¥101.0b (up 9.4% from FY 2024). Net income: JP¥763.0m (up JP¥1.92b from FY 2024). Profit margin: 0.8% (up from net loss in FY 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 80 percentage points per year, which is a significant difference in performance. Annonce • Apr 30
Harima Chemicals Group, Inc., Annual General Meeting, Jun 26, 2025 Harima Chemicals Group, Inc., Annual General Meeting, Jun 26, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 23 June 2025. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.7%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Annonce • Mar 07
Harima Chemicals Group, Inc. to Report Fiscal Year 2025 Results on Apr 30, 2025 Harima Chemicals Group, Inc. announced that they will report fiscal year 2025 results at 12:00 PM, Tokyo Standard Time on Apr 30, 2025 Reported Earnings • Feb 01
Third quarter 2025 earnings released: EPS: JP¥5.32 (vs JP¥12.30 in 3Q 2024) Third quarter 2025 results: EPS: JP¥5.32 (down from JP¥12.30 in 3Q 2024). Revenue: JP¥26.6b (up 9.1% from 3Q 2024). Net income: JP¥129.0m (down 57% from 3Q 2024). Profit margin: 0.5% (down from 1.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 102 percentage points per year, which is a significant difference in performance. Annonce • Dec 05
Harima Chemicals Group, Inc. to Report Q3, 2025 Results on Jan 31, 2025 Harima Chemicals Group, Inc. announced that they will report Q3, 2025 results on Jan 31, 2025 Declared Dividend • Dec 04
First half dividend of JP¥21.00 announced Dividend of JP¥21.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 23rd June 2025 Dividend yield will be 4.8%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is covered by cash flows (55% cash payout ratio). The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥9.48 (vs JP¥11.06 loss in 2Q 2024) Second quarter 2025 results: EPS: JP¥9.48 (up from JP¥11.06 loss in 2Q 2024). Revenue: JP¥25.3b (up 12% from 2Q 2024). Net income: JP¥230.0m (up JP¥498.0m from 2Q 2024). Profit margin: 0.9% (up from net loss in 2Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 95 percentage points per year, which is a significant difference in performance. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%). New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Annonce • Aug 28
Harima Chemicals Group, Inc. to Report Q2, 2025 Results on Oct 31, 2024 Harima Chemicals Group, Inc. announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥15.06 (vs JP¥5.70 loss in 1Q 2024) First quarter 2025 results: EPS: JP¥15.06 (up from JP¥5.70 loss in 1Q 2024). Revenue: JP¥23.8b (up 5.4% from 1Q 2024). Net income: JP¥365.0m (up JP¥503.0m from 1Q 2024). Profit margin: 1.5% (up from net loss in 1Q 2024). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 87 percentage points per year, which is a significant difference in performance. Declared Dividend • Jul 11
Final dividend of JP¥21.00 announced Dividend of JP¥21.00 is the same as last year. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 4.4%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months and having no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 12% per year over the past 10 years. However, payments have been volatile during that time. Reported Earnings • Jun 26
Full year 2024 earnings released: JP¥47.93 loss per share (vs JP¥35.73 profit in FY 2023) Full year 2024 results: JP¥47.93 loss per share (down from JP¥35.73 profit in FY 2023). Revenue: JP¥92.3b (down 2.3% from FY 2023). Net loss: JP¥1.16b (down 231% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 75 percentage points per year, which is a significant difference in performance. Annonce • Jun 13
Harima Chemicals Group, Inc. to Report Q1, 2025 Results on Jul 31, 2024 Harima Chemicals Group, Inc. announced that they will report Q1, 2025 results on Jul 31, 2024 Reported Earnings • May 01
Full year 2024 earnings released: JP¥47.93 loss per share (vs JP¥35.73 profit in FY 2023) Full year 2024 results: JP¥47.93 loss per share (down from JP¥35.73 profit in FY 2023). Revenue: JP¥92.3b (down 2.3% from FY 2023). Net loss: JP¥1.16b (down 231% from profit in FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 73 percentage points per year, which is a significant difference in performance. Annonce • May 01
Harima Chemicals Group, Inc., Annual General Meeting, Jun 20, 2024 Harima Chemicals Group, Inc., Annual General Meeting, Jun 20, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Annonce • Mar 03
Harima Chemicals Group, Inc. to Report Fiscal Year 2024 Results on Apr 30, 2024 Harima Chemicals Group, Inc. announced that they will report fiscal year 2024 results on Apr 30, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥12.30 (vs JP¥20.03 in 3Q 2023) Third quarter 2024 results: EPS: JP¥12.30 (down from JP¥20.03 in 3Q 2023). Revenue: JP¥24.3b (down 2.4% from 3Q 2023). Net income: JP¥298.0m (down 40% from 3Q 2023). Profit margin: 1.2% (down from 2.0% in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 52% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Annonce • Feb 01
Harima Chemicals Group, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024 Harima Chemicals Group, Inc. provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year, the company expects net sales of JPY 93,000 million, operating loss of JPY 450 million, net loss attributable to company of JPY 800 million and net loss per share of JPY 33.01. Annonce • Nov 29
Harima Chemicals Group, Inc. to Report Q3, 2024 Results on Jan 31, 2024 Harima Chemicals Group, Inc. announced that they will report Q3, 2024 results on Jan 31, 2024 Reported Earnings • Nov 02
Second quarter 2024 earnings released: JP¥11.06 loss per share (vs JP¥23.88 profit in 2Q 2023) Second quarter 2024 results: JP¥11.06 loss per share (down from JP¥23.88 profit in 2Q 2023). Revenue: JP¥22.7b (down 8.2% from 2Q 2023). Net loss: JP¥268.0m (down 145% from profit in 2Q 2023). Over the last 3 years on average, earnings per share has fallen by 27% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥21.00 per share at 4.9% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. The company is not currently making a profit and is not cash flow positive. Trailing yield: 4.9%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Annonce • Sep 16
Harima Chemicals Group, Inc. to Report Q2, 2024 Results on Oct 31, 2023 Harima Chemicals Group, Inc. announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Aug 01
First quarter 2024 earnings released: JP¥5.70 loss per share (vs JP¥35.57 profit in 1Q 2023) First quarter 2024 results: JP¥5.70 loss per share (down from JP¥35.57 profit in 1Q 2023). Revenue: JP¥22.6b (up 1.9% from 1Q 2023). Net loss: JP¥138.0m (down 115% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 6% per year and the company’s share price has also fallen by 6% per year. New Risk • Jul 29
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 106% The company is paying a dividend despite having no free cash flows. Dividend yield: 4.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Payout ratio: 106% Paying a dividend despite having no free cash flows. Earnings have declined by 23% per year over the past 5 years. Minor Risk Profit margins are more than 30% lower than last year (0.9% net profit margin). Annonce • May 28
Harima Chemicals Group, Inc. to Report Q1, 2024 Results on Jul 31, 2023 Harima Chemicals Group, Inc. announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • Apr 29
Full year 2023 earnings released: EPS: JP¥35.73 (vs JP¥69.41 in FY 2022) Full year 2023 results: EPS: JP¥35.73 (down from JP¥69.41 in FY 2022). Revenue: JP¥94.5b (up 24% from FY 2022). Net income: JP¥885.0m (down 49% from FY 2022). Profit margin: 0.9% (down from 2.3% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥21.00 per share at 4.2% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 26 June 2023. Payout ratio is a comfortable 54% but the company is not cash flow positive. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 01
Third quarter 2023 earnings released: EPS: JP¥20.03 (vs JP¥29.05 in 3Q 2022) Third quarter 2023 results: EPS: JP¥20.03 (down from JP¥29.05 in 3Q 2022). Revenue: JP¥24.9b (up 27% from 3Q 2022). Net income: JP¥493.0m (down 33% from 3Q 2022). Profit margin: 2.0% (down from 3.7% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Annonce • Nov 30
Harima Chemicals Group, Inc. to Report Q3, 2023 Results on Jan 31, 2023 Harima Chemicals Group, Inc. announced that they will report Q3, 2023 results on Jan 31, 2023 Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 1 highly experienced director. No independent directors (6 non-independent directors). President & Representative Director Yoshihiro Hasegawa was the last director to join the board, commencing their role in 1988. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Nov 02
Second quarter 2023 earnings released: EPS: JP¥23.88 (vs JP¥23.73 in 2Q 2022) Second quarter 2023 results: EPS: JP¥23.88. Revenue: JP¥24.7b (up 31% from 2Q 2022). Net income: JP¥596.0m (flat on 2Q 2022). Profit margin: 2.4% (down from 3.2% in 2Q 2022). The decrease in margin was driven by higher expenses. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥21.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 05 December 2022. Payout ratio is a comfortable 48% but the company is not cash flow positive. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.9%). Annonce • Aug 20
Harima Chemicals Group, Inc. to Report Q2, 2023 Results on Oct 31, 2022 Harima Chemicals Group, Inc. announced that they will report Q2, 2023 results on Oct 31, 2022 Reported Earnings • Aug 02
First quarter 2023 earnings released: EPS: JP¥35.56 (vs JP¥26.10 in 1Q 2022) First quarter 2023 results: EPS: JP¥35.56 (up from JP¥26.10 in 1Q 2022). Revenue: JP¥22.2b (up 27% from 1Q 2022). Net income: JP¥895.0m (up 36% from 1Q 2022). Profit margin: 4.0% (up from 3.8% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Annonce • Aug 02
Harima Chemicals Group, Inc. (TSE:4410) announces an Equity Buyback for 1,000,000 shares, representing 3.97% for ¥1,000 million. Harima Chemicals Group, Inc. (TSE:4410) announces a share repurchase program. Under the program, the company will repurchase 1,000,000 shares, representing 3.97% of the outstanding shares for ¥1,000 million. The purpose of the program is to carry out agile capital policy according to shareholder returns and business environment. The program will run until August 1, 2023. As of June 30, 2022, the company had 25,165,714 shares outstanding and 914,682 shares in treasury. Annonce • Jul 02
Harima Chemicals Group, Inc. to Report Q1, 2023 Results on Aug 01, 2022 Harima Chemicals Group, Inc. announced that they will report Q1, 2023 results on Aug 01, 2022 Reported Earnings • Apr 30
Full year 2022 earnings released: EPS: JP¥69.41 (vs JP¥43.42 in FY 2021) Full year 2022 results: EPS: JP¥69.41 (up from JP¥43.42 in FY 2021). Revenue: JP¥76.1b (up 21% from FY 2021). Net income: JP¥1.75b (up 60% from FY 2021). Profit margin: 2.3% (up from 1.7% in FY 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has only fallen by 11% per year, which means it has not declined as severely as earnings. Buying Opportunity • Apr 27
Now 23% undervalued after recent price drop Over the last 90 days, the stock is down 4.4%. The fair value is estimated to be JP¥976, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.3% over the last 3 years. Earnings per share has declined by 37%. Buying Opportunity • Apr 12
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 7.0%. The fair value is estimated to be JP¥977, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.3% over the last 3 years. Earnings per share has declined by 37%. Annonce • Apr 08
Harima Chemicals Group, Inc. to Report Fiscal Year 2022 Results on Apr 28, 2022 Harima Chemicals Group, Inc. announced that they will report fiscal year 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 24 June 2022. The company is not currently making a profit but it is cash flow positive. Trailing yield: 4.6%. Within top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.6%). Buying Opportunity • Mar 07
Now 20% undervalued after recent price drop Over the last 90 days, the stock is down 4.4%. The fair value is estimated to be JP¥1,000, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.3% per annum over the last 3 years. Earnings per share has declined by 37% per annum over the last 3 years. Reported Earnings • Feb 02
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥29.05 (up from JP¥16.16 in 3Q 2021). Revenue: JP¥19.7b (up 24% from 3Q 2021). Net income: JP¥731.0m (up 80% from 3Q 2021). Profit margin: 3.7% (up from 2.6% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 37% per year but the company’s share price has only fallen by 9% per year, which means it has not declined as severely as earnings. Reported Earnings • Nov 01
Second quarter 2022 earnings released: EPS JP¥23.73 (vs JP¥0.40 loss in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥18.9b (up 32% from 2Q 2021). Net income: JP¥597.0m (up JP¥607.0m from 2Q 2021). Profit margin: 3.2% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings. 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: 03 December 2021. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.9%). Reported Earnings • Jun 29
Full year 2021 earnings released: EPS JP¥43.42 (vs JP¥87.65 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥62.9b (down 13% from FY 2020). Net income: JP¥1.09b (down 51% from FY 2020). Profit margin: 1.7% (down from 3.1% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Reported Earnings • May 02
Full year 2021 earnings released: EPS JP¥43.42 (vs JP¥87.65 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥62.9b (down 13% from FY 2020). Net income: JP¥1.09b (down 51% from FY 2020). Profit margin: 1.7% (down from 3.1% in FY 2020). Over the last 3 years on average, earnings per share has fallen by 40% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥19.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 25 June 2021. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.8%). Annonce • Mar 04
Harima Chemicals Group, Inc. to Report Fiscal Year 2021 Results on Apr 30, 2021 Harima Chemicals Group, Inc. announced that they will report fiscal year 2021 results on Apr 30, 2021 Reported Earnings • Feb 03
Third quarter 2021 earnings released: EPS JP¥16.15 (vs JP¥25.32 in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥15.9b (down 14% from 3Q 2020). Net income: JP¥406.0m (down 36% from 3Q 2020). Profit margin: 2.6% (down from 3.5% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Jan 29
New 90-day low: JP¥910 The company is down 15% from its price of JP¥1,075 on 30 October 2020. The Japanese market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 22% over the same period. Annonce • Dec 03
Harima Chemicals Group, Inc. to Report Q3, 2021 Results on Jan 29, 2021 Harima Chemicals Group, Inc. announced that they will report Q3, 2021 results on Jan 29, 2021 Annonce • Sep 23
Harima Chemicals Group, Inc. to Report Q2, 2021 Results on Oct 30, 2020 Harima Chemicals Group, Inc. announced that they will report Q2, 2021 results on Oct 30, 2020 
