Buy Or Sell Opportunity • Jul 29
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 18% to JP¥4,220. The fair value is estimated to be JP¥5,279, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 14% over the last 3 years. Earnings per share has grown by 47%. Declared Dividend • Jul 25
Dividend of JP¥115 announced Shareholders will receive a dividend of JP¥115. Ex-date: 29th September 2026 Payment date: 1st December 2026 Dividend yield will be 5.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (43% earnings payout ratio) but 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 32% per year over the past 3 years and payments have been stable during that time. Earnings per share has grown by 15% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jun 24
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 6.7% 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. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. High level of non-cash earnings (32% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.7% average weekly change). Reported Earnings • Jun 23
Full year 2026 earnings released: EPS: JP¥312 (vs JP¥274 in FY 2025) Full year 2026 results: EPS: JP¥312 (up from JP¥274 in FY 2025). Revenue: JP¥18.1b (up 43% from FY 2025). Net income: JP¥1.80b (up 14% from FY 2025). Profit margin: 10.0% (down from 13% in FY 2025). Revenue is forecast to stay flat during the next 2 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 49% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to JP¥6,120, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 15x in the Chemicals industry in Japan. Total returns to shareholders of 176% over the past three years. Annonce • Jun 09
Japan Pure Chemical Co.,Ltd. to Report Q1, 2027 Results on Jul 24, 2026 Japan Pure Chemical Co.,Ltd. announced that they will report Q1, 2027 results on Jul 24, 2026 New Risk • Apr 28
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 32% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. High level of non-cash earnings (32% accrual ratio). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (7.3% average weekly change). New Risk • Apr 25
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.0% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.6% average weekly change). Large one-off items impacting financial results. Annonce • Apr 24
Japan Pure Chemical Co.,Ltd., Annual General Meeting, Jun 24, 2026 Japan Pure Chemical Co.,Ltd., Annual General Meeting, Jun 24, 2026. Annonce • Apr 21
Japan Pure Chemical Co.,Ltd. to Report Fiscal Year 2026 Results on Apr 24, 2026 Japan Pure Chemical Co.,Ltd. announced that they will report fiscal year 2026 results on Apr 24, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥137 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 05 June 2026. Payout ratio is a comfortable 43% but the company is not cash flow positive. Trailing yield: 4.3%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥5,670, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 15x in the Chemicals industry in Japan. Total returns to shareholders of 158% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥4,905, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 14x in the Chemicals industry in Japan. Total returns to shareholders of 134% over the past three years. New Risk • Jan 27
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 6.8% 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Large one-off items impacting financial results. Reported Earnings • Jan 27
Third quarter 2026 earnings released: EPS: JP¥140 (vs JP¥88.12 in 3Q 2025) Third quarter 2026 results: EPS: JP¥140 (up from JP¥88.12 in 3Q 2025). Revenue: JP¥4.73b (up 27% from 3Q 2025). Net income: JP¥810.0m (up 59% from 3Q 2025). Profit margin: 17% (up from 14% in 3Q 2025). Revenue is forecast to grow 9.1% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥4,250, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Chemicals industry in Japan. Total returns to shareholders of 102% over the past three years. Annonce • Dec 02
Japan Pure Chemical Co.,Ltd. to Report Q3, 2026 Results on Jan 26, 2026 Japan Pure Chemical Co.,Ltd. announced that they will report Q3, 2026 results on Jan 26, 2026 Declared Dividend • Dec 02
First half dividend of JP¥63.00 announced Dividend of JP¥63.00 is the same as last year. Ex-date: 30th March 2026 Payment date: 5th June 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.2%. Sustainability & Growth The dividend has increased by an average of 12% per year over the past 2 years and payments have been stable during that time. New Risk • Nov 14
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 21% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. This is currently the only risk that has been identified for the company. Reported Earnings • Oct 25
Second quarter 2026 earnings released: EPS: JP¥84.53 (vs JP¥95.44 in 2Q 2025) Second quarter 2026 results: EPS: JP¥84.53 (down from JP¥95.44 in 2Q 2025). Revenue: JP¥4.13b (up 27% from 2Q 2025). Net income: JP¥488.8m (down 11% from 2Q 2025). Profit margin: 12% (down from 17% in 2Q 2025). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥63.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 02 December 2025. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). Annonce • Sep 02
Japan Pure Chemical Co.,Ltd. to Report Q2, 2026 Results on Oct 24, 2025 Japan Pure Chemical Co.,Ltd. announced that they will report Q2, 2026 results on Oct 24, 2025 Board Change • Aug 22
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Outside Independent Director Hiroshi Hayashi was the last independent director to join the board, commencing their role in 2025. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Jul 29
First quarter 2026 earnings released: EPS: JP¥23.40 (vs JP¥47.09 in 1Q 2025) First quarter 2026 results: EPS: JP¥23.40 (down from JP¥47.09 in 1Q 2025). Revenue: JP¥3.41b (up 11% from 1Q 2025). Net income: JP¥135.2m (down 50% from 1Q 2025). Profit margin: 4.0% (down from 8.8% in 1Q 2025). Revenue is forecast to grow 6.7% p.a. on average 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 29% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 09
Final dividend of JP¥63.00 announced Shareholders will receive a dividend of JP¥63.00. Ex-date: 29th September 2025 Payment date: 2nd December 2025 Dividend yield will be 4.1%, which is higher than the industry average of 2.2%. Sustainability & Growth The dividend has increased by an average of 12% per year over the past 2 years and payments have been stable during that time. Reported Earnings • Jun 24
Full year 2025 earnings released: EPS: JP¥274 (vs JP¥95.22 in FY 2024) Full year 2025 results: EPS: JP¥274 (up from JP¥95.22 in FY 2024). Revenue: JP¥12.6b (up 10% from FY 2024). Net income: JP¥1.58b (up 188% from FY 2024). Profit margin: 13% (up from 4.8% in FY 2024). Revenue is forecast to grow 7.0% p.a. on average 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 19% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth. Annonce • Jun 11
Japan Pure Chemical Co.,Ltd. to Report Q1, 2026 Results on Jul 25, 2025 Japan Pure Chemical Co.,Ltd. announced that they will report Q1, 2026 results on Jul 25, 2025 Reported Earnings • Apr 26
Full year 2025 earnings released: EPS: JP¥274 (vs JP¥95.22 in FY 2024) Full year 2025 results: EPS: JP¥274 (up from JP¥95.22 in FY 2024). Revenue: JP¥12.6b (up 10% from FY 2024). Net income: JP¥1.58b (up 188% from FY 2024). Profit margin: 13% (up from 4.8% in FY 2024). Revenue is forecast to grow 8.6% 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 19% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Annonce • Apr 25
Japan Pure Chemical Co.,Ltd., Annual General Meeting, Jun 20, 2025 Japan Pure Chemical Co.,Ltd., Annual General Meeting, Jun 20, 2025. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥63.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 09 June 2025. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Annonce • Mar 04
Japan Pure Chemical Co.,Ltd. to Report Fiscal Year 2025 Results on Apr 25, 2025 Japan Pure Chemical Co.,Ltd. announced that they will report fiscal year 2025 results on Apr 25, 2025 Reported Earnings • Jan 29
Third quarter 2025 earnings released: EPS: JP¥88.12 (vs JP¥29.18 in 3Q 2024) Third quarter 2025 results: EPS: JP¥88.12 (up from JP¥29.18 in 3Q 2024). Revenue: JP¥3.73b (up 39% from 3Q 2024). Net income: JP¥509.0m (up 203% from 3Q 2024). Profit margin: 14% (up from 6.3% in 3Q 2024). Revenue is forecast to grow 7.9% p.a. on average during the next 3 years, compared to a 5.0% 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 7% per year. Annonce • Dec 14
Japan Pure Chemical Co.,Ltd. to Report Q3, 2025 Results on Jan 28, 2025 Japan Pure Chemical Co.,Ltd. announced that they will report Q3, 2025 results on Jan 28, 2025 Reported Earnings • Oct 24
Second quarter 2025 earnings released: EPS: JP¥95.44 (vs JP¥14.42 in 2Q 2024) Second quarter 2025 results: EPS: JP¥95.44 (up from JP¥14.42 in 2Q 2024). Revenue: JP¥3.25b (up 1.6% from 2Q 2024). Net income: JP¥551.0m (up JP¥468.0m from 2Q 2024). Profit margin: 17% (up from 2.6% in 2Q 2024). Revenue is forecast to grow 9.8% 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 fallen by 12% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥63.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Trailing yield: 4.0%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%). Annonce • Aug 29
Japan Pure Chemical Co.,Ltd. to Report Q2, 2025 Results on Oct 23, 2024 Japan Pure Chemical Co.,Ltd. announced that they will report Q2, 2025 results on Oct 23, 2024 Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 24% After last week's 24% share price decline to JP¥2,813, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 4.5% over the past three years. Reported Earnings • Jul 28
First quarter 2025 earnings released: EPS: JP¥47.06 (vs JP¥20.69 in 1Q 2024) First quarter 2025 results: EPS: JP¥47.06 (up from JP¥20.69 in 1Q 2024). Revenue: JP¥3.08b (up 8.3% from 1Q 2024). Net income: JP¥271.0m (up 128% from 1Q 2024). Profit margin: 8.8% (up from 4.2% in 1Q 2024). Revenue is forecast to grow 9.2% p.a. on average during the next 3 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 fallen by 23% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Price Target Changed • Jul 16
Price target increased by 24% to JP¥3,100 Up from JP¥2,500, the current price target is provided by 1 analyst. New target price is 10% below last closing price of JP¥3,445. Stock is up 35% over the past year. The company is forecast to post earnings per share of JP¥240 for next year compared to JP¥95.22 last year. Annonce • Jun 10
Japan Pure Chemical Co.,Ltd. to Report Q1, 2025 Results on Jul 26, 2024 Japan Pure Chemical Co.,Ltd. announced that they will report Q1, 2025 results on Jul 26, 2024 Annonce • Apr 27
Japan Pure Chemical Co.,Ltd., Annual General Meeting, Jun 25, 2024 Japan Pure Chemical Co.,Ltd., Annual General Meeting, Jun 25, 2024. Reported Earnings • Apr 25
Full year 2024 earnings released: EPS: JP¥95.22 (vs JP¥97.66 in FY 2023) Full year 2024 results: EPS: JP¥95.22 (down from JP¥97.66 in FY 2023). Revenue: JP¥11.4b (down 30% from FY 2023). Net income: JP¥548.0m (down 3.7% from FY 2023). Profit margin: 4.8% (up from 3.5% in FY 2023). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥60.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Trailing yield: 3.3%. Within top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%). Annonce • Mar 02
Japan Pure Chemical Co.,Ltd. to Report Fiscal Year 2024 Results on Apr 24, 2024 Japan Pure Chemical Co.,Ltd. announced that they will report fiscal year 2024 results on Apr 24, 2024 Buy Or Sell Opportunity • Feb 09
Now 20% undervalued Over the last 90 days, the stock has risen 3.4% to JP¥2,680. The fair value is estimated to be JP¥3,353, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 8.7% over the last 3 years. Earnings per share has declined by 22%. Revenue is forecast to grow by 27% in 2 years. Earnings are forecast to grow by 90% in the next 2 years. Reported Earnings • Jan 27
Third quarter 2024 earnings released: EPS: JP¥29.18 (vs JP¥19.90 in 3Q 2023) Third quarter 2024 results: EPS: JP¥29.18 (up from JP¥19.90 in 3Q 2023). Revenue: JP¥2.68b (down 35% from 3Q 2023). Net income: JP¥168.0m (up 45% from 3Q 2023). Profit margin: 6.3% (up from 2.8% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 9.5% 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 fallen by 22% 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. New Risk • Dec 08
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.4b (US$99.5m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Profit margins are more than 30% lower than last year (3.0% net profit margin). Market cap is less than US$100m (JP¥14.4b market cap, or US$99.5m). Annonce • Nov 30
Japan Pure Chemical Co.,Ltd. to Report Q3, 2024 Results on Jan 26, 2024 Japan Pure Chemical Co.,Ltd. announced that they will report Q3, 2024 results on Jan 26, 2024 Buying Opportunity • Oct 30
Now 22% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥3,273, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 2.8% over the last 3 years. Earnings per share has declined by 16%. Revenue is forecast to grow by 38% in 2 years. Earnings is forecast to grow by 128% in the next 2 years. Reported Earnings • Oct 26
Second quarter 2024 earnings released: EPS: JP¥14.42 (vs JP¥17.38 in 2Q 2023) Second quarter 2024 results: EPS: JP¥14.42 (down from JP¥17.38 in 2Q 2023). Revenue: JP¥3.20b (down 20% from 2Q 2023). Net income: JP¥83.0m (down 19% from 2Q 2023). Profit margin: 2.6% (in line with 2Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has remained flat, which means it is well ahead of earnings. New Risk • Oct 06
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥14.8b (US$99.8m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (2.9% net profit margin). Shareholders have been diluted in the past year (5.0% increase in shares outstanding). Market cap is less than US$100m (JP¥14.8b market cap, or US$99.8m). Upcoming Dividend • Sep 21
Inaugural dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. This is the first dividend for Japan Pure ChemicalLtd since going public. The average dividend yield among industry peers is 2.5%. Buying Opportunity • Sep 20
Now 21% undervalued Over the last 90 days, the stock is up 1.2%. The fair value is estimated to be JP¥3,236, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 2.6% over the last 3 years. Earnings per share has declined by 8.8%. Revenue is forecast to grow by 28% in 2 years. Earnings is forecast to grow by 109% in the next 2 years. Reported Earnings • Jul 26
First quarter 2024 earnings released: EPS: JP¥20.69 (vs JP¥47.48 in 1Q 2023) First quarter 2024 results: EPS: JP¥20.69 (down from JP¥47.48 in 1Q 2023). Revenue: JP¥2.84b (down 44% from 1Q 2023). Net income: JP¥119.0m (down 57% from 1Q 2023). Profit margin: 4.2% (down from 5.5% in 1Q 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 3.9% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Reported Earnings • Jun 22
Full year 2023 earnings released: EPS: JP¥97.66 (vs JP¥167 in FY 2022) Full year 2023 results: EPS: JP¥97.66 (down from JP¥167 in FY 2022). Revenue: JP¥16.3b (down 13% from FY 2022). Net income: JP¥569.0m (down 42% from FY 2022). Profit margin: 3.5% (down from 5.2% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has remained flat. Price Target Changed • May 02
Price target increased by 8.7% to JP¥2,500 Up from JP¥2,300, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥2,447. Stock is up 5.4% over the past year. The company posted earnings per share of JP¥97.66 last year. Reported Earnings • Apr 26
Full year 2023 earnings released: EPS: JP¥97.66 (vs JP¥167 in FY 2022) Full year 2023 results: EPS: JP¥97.66 (down from JP¥167 in FY 2022). Revenue: JP¥16.3b (down 13% from FY 2022). Net income: JP¥569.0m (down 42% from FY 2022). Profit margin: 3.5% (down from 5.2% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year whereas the company’s share price has fallen by 3% per year. Buying Opportunity • Apr 06
Now 22% undervalued Over the last 90 days, the stock is up 5.3%. The fair value is estimated to be JP¥3,172, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 3.6%. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 05 June 2023. The company last paid an ordinary dividend in April 2012. The average dividend yield among industry peers is 2.8%. Buying Opportunity • Mar 14
Now 20% undervalued The stock has been flat over the last 90 days. The fair value is estimated to be JP¥3,189, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Earnings per share has grown by 3.6%. Reported Earnings • Jan 28
Third quarter 2023 earnings released: EPS: JP¥19.90 (vs JP¥55.17 in 3Q 2022) Third quarter 2023 results: EPS: JP¥19.90 (down from JP¥55.17 in 3Q 2022). Revenue: JP¥4.09b (down 10% from 3Q 2022). Net income: JP¥116.0m (down 64% from 3Q 2022). Profit margin: 2.8% (down from 7.1% in 3Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Annonce • Dec 02
Japan Pure Chemical Co., Ltd. to Report Q3, 2023 Results on Jan 27, 2023 Japan Pure Chemical Co., Ltd. announced that they will report Q3, 2023 results on Jan 27, 2023 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. 3 non-independent directors. Independent Outside Director Kenjiro Hayashi was the last independent director to join the board, commencing their role in 2019. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Second quarter 2023 earnings released: EPS: JP¥17.38 (vs JP¥32.31 in 2Q 2022) Second quarter 2023 results: EPS: JP¥17.38 (down from JP¥32.31 in 2Q 2022). Revenue: JP¥4.00b (down 13% from 2Q 2022). Net income: JP¥102.0m (down 46% from 2Q 2022). Profit margin: 2.5% (down from 4.1% in 2Q 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annonce • Oct 26
Japan Pure Chemical Co., Ltd. (TSE:4973) announces an Equity Buyback for 120,000 shares, representing 2.04% for ¥360 million. Japan Pure Chemical Co., Ltd. (TSE:4973) announces a share repurchase program. Under the program, the company will repurchase 120,000 shares, representing 2.04% of the outstanding shares for ¥360 million. The purpose of the program is to implement a flexible capital policy and to enhance the return of profits to our shareholders. The program will run until March 31, 2023. As of September 30, 2022, the company had 5,870,881 shares outstanding (excluding treasury stock) and 446,319 shares in treasury. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. The company last paid an ordinary dividend in October 2011. The average dividend yield among industry peers is 2.9%. Annonce • Sep 03
Japan Pure Chemical Co., Ltd. to Report Q2, 2023 Results on Oct 25, 2022 Japan Pure Chemical Co., Ltd. announced that they will report Q2, 2023 results on Oct 25, 2022 Reported Earnings • Jul 26
First quarter 2023 earnings released: EPS: JP¥47.48 (vs JP¥40.83 in 1Q 2022) First quarter 2023 results: EPS: JP¥47.48 (up from JP¥40.83 in 1Q 2022). Revenue: JP¥5.05b (down 1.1% from 1Q 2022). Net income: JP¥278.0m (up 17% from 1Q 2022). Profit margin: 5.5% (up from 4.6% in 1Q 2022). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Jun 22
Full year 2022 earnings released: EPS: JP¥167 (vs JP¥136 in FY 2021) Full year 2022 results: EPS: JP¥167 (up from JP¥136 in FY 2021). Revenue: JP¥18.7b (up 13% from FY 2021). Net income: JP¥974.0m (up 23% from FY 2021). Profit margin: 5.2% (up from 4.8% 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 4% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Annonce • Jun 03
Japan Pure Chemical Co., Ltd. to Report Q1, 2023 Results on Jul 25, 2022 Japan Pure Chemical Co., Ltd. announced that they will report Q1, 2023 results on Jul 25, 2022 Reported Earnings • Apr 27
Full year 2022 earnings released: EPS: JP¥167 (vs JP¥136 in FY 2021) Full year 2022 results: EPS: JP¥167 (up from JP¥136 in FY 2021). Revenue: JP¥18.7b (up 13% from FY 2021). Net income: JP¥974.0m (up 23% from FY 2021). Profit margin: 5.2% (up from 4.8% 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 4% per year whereas the company’s share price has increased by 1% per year. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. 2 experienced directors. 1 highly experienced director. 2 independent directors (3 non-independent directors). Chairman & President Masao Watanabe is the most experienced director on the board, commencing their role in 1999. Independent Outside Director Kenjiro Hayashi was the last independent director to join the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Price Target Changed • Apr 27
Price target increased to JP¥2,900 Up from JP¥2,700, the current price target is provided by 1 analyst. New target price is 27% above last closing price of JP¥2,283. Stock is down 11% over the past year. The company posted earnings per share of JP¥167 last year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 04 June 2022. The company is not currently making a profit and there are not enough cash flows to support it either. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.6%). Reported Earnings • Jan 30
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥55.17 (up from JP¥46.26 in 3Q 2021). Revenue: JP¥4.57b (up 1.9% from 3Q 2021). Net income: JP¥323.0m (up 21% from 3Q 2021). Profit margin: 7.1% (up from 6.0% in 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has increased by 4% per year. Reported Earnings • Oct 26
Second quarter 2022 earnings released: EPS JP¥32.31 (vs JP¥30.39 in 2Q 2021) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2022 results: Revenue: JP¥4.60b (up 20% from 2Q 2021). Net income: JP¥189.0m (up 7.4% from 2Q 2021). Profit margin: 4.1% (down from 4.6% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Inaugural dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. The company last paid an ordinary dividend in April 2012. The average dividend yield among industry peers is 1.9%. Price Target Changed • Aug 03
Price target increased to JP¥3,000 Up from JP¥2,700, the current price target is provided by 1 analyst. New target price is approximately in line with last closing price of JP¥2,911. Stock is up 13% over the past year. Reported Earnings • Jul 27
First quarter 2022 earnings released: EPS JP¥40.83 (vs JP¥29.41 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥5.11b (up 31% from 1Q 2021). Net income: JP¥237.0m (up 39% from 1Q 2021). Profit margin: 4.6% (up from 4.4% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Jun 23
Full year 2021 earnings released: EPS JP¥136 (vs JP¥149 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥16.6b (up 28% from FY 2020). Net income: JP¥790.0m (down 7.9% from FY 2020). Profit margin: 4.8% (down from 6.6% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Reported Earnings • Apr 25
Full year 2021 earnings released: EPS JP¥136 (vs JP¥149 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥16.6b (up 28% from FY 2020). Net income: JP¥790.0m (down 7.9% from FY 2020). Profit margin: 4.8% (down from 6.6% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 23
Inaugural dividend of JP¥40.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 05 June 2021. The company last paid an ordinary dividend in April 2012. The average dividend yield among industry peers is 1.8%. Reported Earnings • Feb 14
Third quarter 2021 earnings released: EPS JP¥46.26 (vs JP¥41.72 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: JP¥4.48b (up 26% from 3Q 2020). Net income: JP¥268.0m (up 11% from 3Q 2020). Profit margin: 6.0% (down from 6.8% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Reported Earnings • Jan 28
Third quarter 2021 earnings released: EPS JP¥46.26 (vs JP¥41.72 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: JP¥4.48b (up 26% from 3Q 2020). Net income: JP¥268.0m (up 11% from 3Q 2020). Profit margin: 6.0% (down from 6.8% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has increased by 2% per year. Is New 90 Day High Low • Jan 13
New 90-day high: JP¥2,795 The company is up 9.0% from its price of JP¥2,554 on 15 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 18% over the same period. Price Target Changed • Dec 01
Price target raised to JP¥2,700 Up from JP¥2,500, the current price target is provided by 1 analyst. The new target price is close to the current share price of JP¥2,729. As of last close, the stock is up 5.2% over the past year. Annonce • Jul 17
Japan Pure Chemical Co., Ltd. to Report Q1, 2021 Results on Jul 22, 2020 Japan Pure Chemical Co., Ltd. announced that they will report Q1, 2021 results on Jul 22, 2020 
