View ValuationKureha 将来の成長Future 基準チェック /36Kureha利益と収益がそれぞれ年間57.4%と3.3%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に6.8% 55.4%なると予測されています。主要情報57.4%収益成長率55.41%EPS成長率Chemicals 収益成長42.9%収益成長率3.3%将来の株主資本利益率6.83%アナリストカバレッジLow最終更新日24 Jun 2026今後の成長に関する最新情報お知らせ • Feb 09Kureha Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024Kureha Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the period, the company expected revenue of JPY 190,000 million, operating profit of JPY 27,000 million, profit attributable to owners of parent of JPY 20,000 million and basic profit per share of JPY 1,024.72.お知らせ • Feb 07+ 1 more updateKureha Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Kureha Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the period, the company expected revenue of JPY 190,000 million, operating profit of JPY 27,000 million, profit attributable to owners of parent of JPY 20,000 million and basic profit per share of JPY 1,024.72.お知らせ • Nov 10+ 1 more updateKureha Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Kureha Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects revenue of JPY 190,000 million, operating profit of JPY 27,000 million, profit attributable to owners of the company of JPY 20,000 million and basic profit per share of JPY 1,024.72.お知らせ • May 13+ 2 more updatesKureha Corporation Provides Earnings Forecast for Six Months Ending September 30, 2022 and Fiscal Year Ending March 31, 2023Kureha Corporation provided earnings forecast for six months ending September 30, 2022 and Fiscal year ending March 31, 2023. For six months ending September 30, 2022, the company expects the Revenue of JPY 90,000 million. Operating profit of JPY 10,000 million. Profit attributable to owners of the Company of JPY 7,500 million. Basic profit per share of JPY 384.27. For full year ending March 31, 2023, the company expects the Revenue of JPY 180,000 million. Operating profit of JPY 22,000 million. Profit attributable to owners of the Company of JPY 16,000 million. Basic profit per share of JPY 819.79.お知らせ • Aug 12Kureha Corporation Provides Earnings Guidance for the Six Months Ending September 30, 2021 and for the Fiscal Year Ending March 31, 2022Kureha Corporation provided earnings guidance for the six months ending September 30, 2021 and for the Fiscal Year Ending March 31, 2022. For the six months, sales revenue to be JPY 74,500 million. Operating profit to be JPY 7,500 million. Profit before income taxes to be JPY 7,500 million. Profit attributable to owners of the company to be JPY 5,700 million and basic profit per share to be JPY 292.04. For the year, sales revenue to be JPY 150,000 million. Operating profit to be JPY 15,000 million. Profit before income taxes to be JPY 15,000 million. Profit attributable to owners of the company to be JPY 10,700 million and basic profit per share to be JPY 548.22.すべての更新を表示Recent updatesお知らせ • Jun 04Kureha Corporation to Report Q1, 2027 Final Results on Aug 07, 2026Kureha Corporation announced that they will report Q1, 2027 final results at 3:30 PM, Tokyo Standard Time on Aug 07, 2026New Risk • Jun 01New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 174% Dividend yield: 5.5% 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 Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 174% Minor Risk High level of debt (54% net debt to equity).Board Change • May 20Less than half of directors are independentThere are 7 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: 7 new directors. 1 experienced director. 1 highly experienced director. 3 independent directors (6 non-independent directors). Chairman of the Board Yutaka Kobayashi is the most experienced director on the board, commencing their role in 2009. Independent Outside Director Keiji Nishio 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. Lack of experienced directors.お知らせ • May 12Kureha Corporation, Annual General Meeting, Jun 25, 2026Kureha Corporation, Annual General Meeting, Jun 25, 2026.お知らせ • Mar 09Kureha Corporation to Report Fiscal Year 2026 Results on May 12, 2026Kureha Corporation announced that they will report fiscal year 2026 results at 3:30 PM, Tokyo Standard Time on May 12, 2026お知らせ • Dec 01Kureha Corporation to Report Q3, 2026 Results on Feb 09, 2026Kureha Corporation announced that they will report Q3, 2026 results at 3:30 PM, Tokyo Standard Time on Feb 09, 2026お知らせ • Sep 03Kureha Corporation to Report Q2, 2026 Results on Nov 11, 2025Kureha Corporation announced that they will report Q2, 2026 results at 3:30 PM, Tokyo Standard Time on Nov 11, 2025お知らせ • Jun 09Kureha Corporation to Report Q1, 2026 Results on Aug 08, 2025Kureha Corporation announced that they will report Q1, 2026 results at 3:30 PM, Tokyo Standard Time on Aug 08, 2025お知らせ • Jun 03Kureha Corporation (TSE:4023) announces an Equity Buyback for 10,000,000 shares, representing 20.66% for ¥35,000 million.Kureha Corporation (TSE:4023) announces a share repurchase program. Under the program, the company will repurchase 10,000,000 shares, representing 20.66% of the outstanding shares for ¥35,000 million. The purpose of the program is enhancement of shareholder returns, further improvements in capital efficiency, and a flexible capital policy that is responsive to the business environment. The program will run until September 30, 2025. As of May 31, 2025, the company had 48,411,662 shares outstanding (excluding treasury stock) and 7,021,559 shares in treasury.お知らせ • May 13Kureha Corporation (TSE:4023) announces an Equity Buyback for 5,600,000 shares, representing 11.26% for ¥15,000 million.Kureha Corporation (TSE:4023) announces a share repurchase program. Under the program, the company will repurchase 5,600,000 shares, representing 11.26% of the outstanding shares for ¥15,000 million. The purpose of the program is to strengthen shareholder return policies and improve capital efficiency. The program will run until March 31, 2026. As of March 31, 2025, the company had 49,742,195 shares outstanding (excluding treasury stock) and 5,691,026 shares in treasury.お知らせ • May 12+ 2 more updatesKureha Corporation, Annual General Meeting, Jun 26, 2025Kureha Corporation, Annual General Meeting, Jun 26, 2025.お知らせ • Apr 25Kureha Corporation Announces Dividend for Year End March 31, 2025, Payable on June 3, 2025Kureha Corporation announced Dividend for Year End March 31, 2025, Payable on June 3, 2025. For the period, the company reported dividend of JPY 43.35 per share against JPY 43.34 per share from a year ago. Total dividend payout JPY 2,156 million yen.お知らせ • Mar 03Kureha Corporation to Report Fiscal Year 2025 Results on May 12, 2025Kureha Corporation announced that they will report fiscal year 2025 results at 3:30 PM, Tokyo Standard Time on May 12, 2025お知らせ • Dec 03Kureha Corporation to Report Q3, 2025 Results on Feb 10, 2025Kureha Corporation announced that they will report Q3, 2025 results at 3:30 PM, Tokyo Standard Time on Feb 10, 2025Reported Earnings • Nov 14Second quarter 2025 earnings released: EPS: JP¥52.58 (vs JP¥62.76 in 2Q 2024)Second quarter 2025 results: EPS: JP¥52.58 (down from JP¥62.76 in 2Q 2024). Revenue: JP¥39.7b (down 11% from 2Q 2024). Net income: JP¥2.78b (down 22% from 2Q 2024). Profit margin: 7.0% (down from 8.0% in 2Q 2024). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% 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.Upcoming Dividend • Sep 20Upcoming dividend of JP¥43.35 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.0%).お知らせ • Sep 02Kureha Corporation to Report Q2, 2025 Results on Nov 11, 2024Kureha Corporation announced that they will report Q2, 2025 results on Nov 11, 2024Declared Dividend • Jul 11Final dividend of JP¥43.35 announcedShareholders will receive a dividend of JP¥43.35. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 274%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (55% 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 10% 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 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Board Change • Jun 27Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). CEO, President & Director Yutaka Kobayashi is the most experienced director on the board, commencing their role in 2009. Independent Outside Audit & Supervisory Board Member Katsuo Okuno was the last independent director to join the board, commencing their role in 2023. 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.お知らせ • Jun 14Kureha Corporation to Report Q1, 2025 Results on Aug 08, 2024Kureha Corporation announced that they will report Q1, 2025 results at 3:00 PM, Tokyo Standard Time on Aug 08, 2024お知らせ • May 15Kureha Corporation, Annual General Meeting, Jun 26, 2024Kureha Corporation, Annual General Meeting, Jun 26, 2024.お知らせ • May 14Kureha Corporation (TSE:4023) announces an Equity Buyback for 5,600,000 shares, representing 10.18% for ¥15,000 million.Kureha Corporation (TSE:4023) announces a share repurchase program. Under the program, the company will repurchase 5,600,000 shares, representing 10.18% of the outstanding shares for ¥15,000 million. The purpose of the program is to strengthen shareholder returns and enhance capital efficiency. The program will run until March 31, 2025. As of March 31, 2024, the company had 55,032,323 shares outstanding (excluding treasury stock) and 3,543,898 shares in treasuryお知らせ • Mar 27Kureha Changshu Fluoropolymer Co., Ltd. Discontinues PVDF Facility Expansion in China, Withdraws from Heat Shrink Multilayer Film BusinessKureha Corporation announced its decision to discontinue a capacity expansion project for polyvinylidene fluoride (PVDF) at its wholly-owned subsidiary, Kureha Changshu Fluoropolymer Co. Ltd. in China. The expansion project was originally made public on July 20, 2021. In addition, Kureha announced it will withdraw from the heat shrink multilayer film business, a part of its food packaging line which the company operates primarily in Europe and Australia. Details are as follows. Kureha PVDF is used as a binder material for lithium-ion secondary batteries (LiBs) and also as an engineering plastic in various industrial applications. In July 2021, Kureha announced its plan to address growing demand for PVDF binder in the automotive LiB market, propelled by robust electric vehicle sales amid heightened environmental awareness, and expand PVDF production at the China Changshu facility. However, this capacity expansion project has been delayed due to changes in China's environment policy, and Furthermore, the business environment surrounding LiBs has changed following the enactment of the U.S. Inflation Reduction Act. Under these circumstances, Kureha decided in August 2023 to move ahead with the capacity expansion for PVDF at its Japan Iwaki Factory. The company now expect this enhanced capacity in Japan will be sufficient to meet the immediate increase in demand. Given this outlook and foreseeable difficulties in China-to-US exports under the new U.S. law, Kureha has therefore determined to discontinue the facility expansion in China. Meanwhile, Kureha will continue PVDF manufacturing operations at the China Changshu facilities for customers mainly in China and Europe. The company is also working to develop differentiated binder grades suitable for iron phosphate (LFP) LiBs, a major type of LiB used in China, and is planning over a medium to long term to expand share in the China market, suggesting that there are possibilities for reinvestment in the country if business conditions change. Kureha will continue to closely monitor market trends, maintain optimal production operations, and steadily expand the PVDF business. Details of the China facility expansion to be discontinued. Facility location: Changshu, Jiangsu Province, PRC (within the Advanced Materials Industrial Park) Assets: Equipment and buildings. Capital investment: JPY 18 billion - JPY 20 billion. Withdrawal from the heat shrink multilayer film business: Kureha has developed and operated the business of heat shrink multilayer film for food packaging mainly in Europe. For past years the company has worked to improve profitability by shifting to high- performance products and striving to reduce fixed costs, however, the company find it increasingly difficult to differentiate the company's products that do not use raw materials produced in-house, while facing cost pressures amid the European inflation. Kureha has now determined the business continuation was unfeasible and started proceedings to withdraw from the business. The Kureha Group has continually optimized its product portfolio in the food packaging businesses over the years, including withdrawing from the deep-draw film business in 2018 and divesting the blow bottle business in 2019 and a joint venture to manufacture polyvinylidene chloride (PVDC) in China in 2022. Going forward, the company aim to improve capital efficiency by focusing on the PVDC films business using in-house raw materials, allocate resources more effectively, and restructure the food packaging business that will increase corporate value. Details of the business withdrawal: Key products: Heat shrink multilayer film products for food packaging; Market areas: Europe, Australia, Japan; Kureha subsidiaries to be dissolved: KREHALON B.V., KREHALON AUSTRALIA PTY. LTD., etc.Upcoming Dividend • Mar 21Upcoming dividend of JP¥43.34 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.9%).お知らせ • Mar 02Kureha Corporation to Report Fiscal Year 2024 Results on May 13, 2024Kureha Corporation announced that they will report fiscal year 2024 results at 3:00 PM, Tokyo Standard Time on May 13, 2024お知らせ • Feb 09Kureha Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024Kureha Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the period, the company expected revenue of JPY 190,000 million, operating profit of JPY 27,000 million, profit attributable to owners of parent of JPY 20,000 million and basic profit per share of JPY 1,024.72.Reported Earnings • Feb 09Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: JP¥44.4b (down 6.1% from 3Q 2023). Net income: JP¥3.44b (down 37% from 3Q 2023). Profit margin: 7.8% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Dec 09Kureha Corporation to Report Q3, 2024 Results on Feb 07, 2024Kureha Corporation announced that they will report Q3, 2024 results at 3:00 PM, Tokyo Standard Time on Feb 07, 2024お知らせ • Nov 11+ 2 more updatesKureha Corporation Provides Dividend Guidance for the Year Ending March 31, 2024Kureha Corporation provided dividend guidance for the year ending March 31, 2024. For the period, the company expects to pay dividend of JPY 130.00 per share compared to JPY 145.00 per share a year ago.Reported Earnings • Nov 10Second quarter 2024 earnings released: EPS: JP¥188 (vs JP¥345 in 2Q 2023)Second quarter 2024 results: EPS: JP¥188 (down from JP¥345 in 2Q 2023). Revenue: JP¥44.7b (down 15% from 2Q 2023). Net income: JP¥3.56b (down 47% from 2Q 2023). Profit margin: 8.0% (down from 13% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Chemicals industry in Germany. 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 11% per year.Upcoming Dividend • Sep 21Upcoming dividend of JP¥130 per share at 3.0% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.9%).お知らせ • Sep 05Kureha Corporation to Report Q2, 2024 Results on Nov 09, 2023Kureha Corporation announced that they will report Q2, 2024 results at 3:00 PM, Tokyo Standard Time on Nov 09, 2023New Risk • Aug 21New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (127% cash payout ratio). Shareholders have been diluted in the past year (4.9% increase in shares outstanding).New Risk • Aug 15New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 119% Dividend yield: 3.1% 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 • Aug 09First quarter 2024 earnings released: EPS: JP¥167 (vs JP¥280 in 1Q 2023)First quarter 2024 results: EPS: JP¥167 (down from JP¥280 in 1Q 2023). Revenue: JP¥43.8b (down 11% from 1Q 2023). Net income: JP¥3.24b (down 41% from 1Q 2023). Profit margin: 7.4% (down from 11% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.Buying Opportunity • Jun 30Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be €65.56, 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 19%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings is also forecast to grow by 3.7% per annum over the same time period.お知らせ • Jun 02Kureha Corporation to Report Q1, 2024 Results on Aug 08, 2023Kureha Corporation announced that they will report Q1, 2024 results at 3:00 PM, Tokyo Standard Time on Aug 08, 2023お知らせ • May 19+ 2 more updatesKureha Provides Dividend Guidance for the Full Year Ending March 31, 2024Kureha Corporation provided dividend guidance for the full year ending March 31, 2024. The company expects to pay year end dividend of JPY 130 per share.Reported Earnings • May 16Full year 2023 earnings released: EPS: JP¥864 (vs JP¥726 in FY 2022)Full year 2023 results: EPS: JP¥864 (up from JP¥726 in FY 2022). Revenue: JP¥191.3b (up 14% from FY 2022). Net income: JP¥16.9b (up 19% from FY 2022). Profit margin: 8.8% (up from 8.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 15% per year.お知らせ • May 14+ 1 more updateKureha Corporation, Annual General Meeting, Jun 27, 2023Kureha Corporation, Annual General Meeting, Jun 27, 2023.Upcoming Dividend • Mar 23Upcoming dividend of JP¥125 per share at 3.0% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 02 June 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.7%).Buying Opportunity • Mar 15Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.9%. The fair value is estimated to be €70.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 7.3%. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings is also forecast to grow by 3.7% per annum over the same time period.Reported Earnings • Feb 09Third quarter 2023 earnings released: EPS: JP¥280 (vs JP¥256 in 3Q 2022)Third quarter 2023 results: EPS: JP¥280 (up from JP¥256 in 3Q 2022). Revenue: JP¥47.2b (up 7.2% from 3Q 2022). Net income: JP¥5.47b (up 9.5% from 3Q 2022). Profit margin: 12% (in line with 3Q 2022). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year.お知らせ • Feb 07+ 1 more updateKureha Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Kureha Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the period, the company expected revenue of JPY 190,000 million, operating profit of JPY 27,000 million, profit attributable to owners of parent of JPY 20,000 million and basic profit per share of JPY 1,024.72.Buying Opportunity • Jan 17Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be €71.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings is also forecast to grow by 5.1% per annum over the same time period.お知らせ • Dec 02Kureha Corporation to Report Q3, 2023 Results on Feb 07, 2023Kureha Corporation announced that they will report Q3, 2023 results at 3:00 PM, Tokyo Standard Time on Feb 07, 2023Reported Earnings • Nov 18Second quarter 2023 earnings released: EPS: JP¥345 (vs JP¥257 in 2Q 2022)Second quarter 2023 results: EPS: JP¥345 (up from JP¥257 in 2Q 2022). Revenue: JP¥52.5b (up 27% from 2Q 2022). Net income: JP¥6.73b (up 34% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Germany are expected to remain flat. 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 8% per year, which means it is tracking significantly ahead of earnings growth.Board Change • Nov 17Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Osaumu Iida was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 11Second quarter 2023 earnings released: EPS: JP¥625 (vs JP¥257 in 2Q 2022)Second quarter 2023 results: EPS: JP¥625 (up from JP¥257 in 2Q 2022). Revenue: JP¥101.8b (up 147% from 2Q 2022). Net income: JP¥12.2b (up 143% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year.お知らせ • Nov 10+ 1 more updateKureha Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Kureha Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects revenue of JPY 190,000 million, operating profit of JPY 27,000 million, profit attributable to owners of the company of JPY 20,000 million and basic profit per share of JPY 1,024.72.お知らせ • Oct 18+ 1 more updateKureha Corporation Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023Kureha Corporation provided dividend guidance for the fiscal year ending March 31, 2023. For the year, the company expects to pay dividend of ¥125.00 per share against ¥125.00 per share a year ago.Upcoming Dividend • Sep 22Upcoming dividend of JP¥125 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.1%).Reported Earnings • Aug 11First quarter 2023 earnings released: EPS: JP¥280 (vs JP¥169 in 1Q 2022)First quarter 2023 results: EPS: JP¥280 (up from JP¥169 in 1Q 2022). Revenue: JP¥49.3b (up 30% from 1Q 2022). Net income: JP¥5.46b (up 65% from 1Q 2022). Profit margin: 11% (up from 8.7% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.2%, compared to a 3.6% growth forecast for the industry in Germany. 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 14% per year, which means it is well ahead of earnings.お知らせ • Aug 10+ 2 more updatesKureha Corporation Provides Dividend Guidance for the Second Quarter of Fiscal Year Ending March 31, 2023Kureha Corporation provided dividend guidance for the second quarter of fiscal year ending March 31, 2023. For the second quarter, the company expects to pay dividend of JPY 125.00 against JPY 85.00 a year ago.お知らせ • Aug 09Kureha Corporation to Report Q2, 2023 Results on Nov 09, 2022Kureha Corporation announced that they will report Q2, 2023 results on Nov 09, 2022Board Change • Jul 14Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Osaumu Iida was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Jun 05Kureha Corporation to Report Q1, 2023 Results on Aug 09, 2022Kureha Corporation announced that they will report Q1, 2023 results on Aug 09, 2022Reported Earnings • May 16Full year 2022 earnings released: EPS: JP¥726 (vs JP¥691 in FY 2021)Full year 2022 results: EPS: JP¥726 (up from JP¥691 in FY 2021). Revenue: JP¥168.3b (up 16% from FY 2021). Net income: JP¥14.2b (up 5.0% from FY 2021). Profit margin: 8.4% (down from 9.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.1%, compared to a 6.4% growth forecast for the industry in Germany. 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 9% per year, which means it is well ahead of earnings.お知らせ • May 13+ 2 more updatesKureha Corporation Provides Earnings Forecast for Six Months Ending September 30, 2022 and Fiscal Year Ending March 31, 2023Kureha Corporation provided earnings forecast for six months ending September 30, 2022 and Fiscal year ending March 31, 2023. For six months ending September 30, 2022, the company expects the Revenue of JPY 90,000 million. Operating profit of JPY 10,000 million. Profit attributable to owners of the Company of JPY 7,500 million. Basic profit per share of JPY 384.27. For full year ending March 31, 2023, the company expects the Revenue of JPY 180,000 million. Operating profit of JPY 22,000 million. Profit attributable to owners of the Company of JPY 16,000 million. Basic profit per share of JPY 819.79.お知らせ • May 12Kureha Corporation, Annual General Meeting, Jun 24, 2022Kureha Corporation, Annual General Meeting, Jun 24, 2022.Board Change • Apr 27Less than half of directors are independentFollowing 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. 3 non-independent directors. Independent Outside Director Osamu Tosaka was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Apr 19Kureha Corporation Declares Year End Dividend for the Financial Year 2021, Effective Date Is June 2, 2022Kureha Corporation declared year end dividend of JPY 125.0 per share for the financial year 2021, at the board of directors meeting held on April 19, 2022. Record date is on March 31, 2022, effective date is on June 2, 2022.お知らせ • Apr 07Kureha Corporation to Report Fiscal Year 2022 Results on May 12, 2022Kureha Corporation announced that they will report fiscal year 2022 results on May 12, 2022Upcoming Dividend • Mar 23Upcoming dividend of JP¥125 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 03 June 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (4.7%).Reported Earnings • Feb 06Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2022 results: EPS: JP¥256 (down from JP¥357 in 3Q 2021). Revenue: JP¥44.0b (up 11% from 3Q 2021). Net income: JP¥4.99b (down 28% from 3Q 2021). Profit margin: 11% (down from 18% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 4.1%, compared to a 6.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.お知らせ • Feb 04+ 1 more updateKureha Corporation Revises Dividend Guidance for the Full Fiscal Year Ending March 31, 2022Kureha Corporation revised dividend guidance for the full fiscal year ending March 31, 2022. The company now expects to pay dividend of JPY 125.00 per share against previous forecast of JPY 100.00 per share.Reported Earnings • Nov 10Second quarter 2022 earnings released: EPS JP¥257 (vs JP¥142 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥41.2b (up 19% from 2Q 2021). Net income: JP¥5.03b (up 82% from 2Q 2021). Profit margin: 12% (up from 8.0% 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 3% per year whereas the company’s share price has increased by 2% per year.Upcoming Dividend • Sep 22Upcoming dividend of JP¥85.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.7%).お知らせ • Aug 12Kureha Corporation Provides Earnings Guidance for the Six Months Ending September 30, 2021 and for the Fiscal Year Ending March 31, 2022Kureha Corporation provided earnings guidance for the six months ending September 30, 2021 and for the Fiscal Year Ending March 31, 2022. For the six months, sales revenue to be JPY 74,500 million. Operating profit to be JPY 7,500 million. Profit before income taxes to be JPY 7,500 million. Profit attributable to owners of the company to be JPY 5,700 million and basic profit per share to be JPY 292.04. For the year, sales revenue to be JPY 150,000 million. Operating profit to be JPY 15,000 million. Profit before income taxes to be JPY 15,000 million. Profit attributable to owners of the company to be JPY 10,700 million and basic profit per share to be JPY 548.22.Reported Earnings • Aug 06First quarter 2022 earnings released: EPS JP¥169 (vs JP¥105 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥37.8b (up 20% from 1Q 2021). Net income: JP¥3.30b (up 61% from 1Q 2021). Profit margin: 8.7% (up from 6.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year.Reported Earnings • May 14Full year 2021 earnings released: EPS JP¥691 (vs JP¥693 in FY 2020)The company reported a mediocre full year result with weaker earnings, although profit margins were flat and revenues improved. Full year 2021 results: Revenue: JP¥144.6b (up 1.5% from FY 2020). Net income: JP¥13.5b (down 1.6% from FY 2020). Profit margin: 9.3% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Upcoming Dividend • Mar 24Upcoming dividend of JP¥85.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 02 June 2021. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (3.6%).Is New 90 Day High Low • Mar 11New 90-day high: €57.50The company is up 14% from its price of €50.50 on 10 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €107 per share.お知らせ • Mar 01Kureha Corporation to Report Fiscal Year 2021 Results on May 12, 2021Kureha Corporation announced that they will report fiscal year 2021 results at 3:00 PM, Tokyo Standard Time on May 12, 2021Reported Earnings • Feb 07Third quarter 2021 earnings released: EPS JP¥357 (vs JP¥629 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥39.6b (up 11% from 3Q 2020). Net income: JP¥6.97b (down 44% from 3Q 2020). Profit margin: 18% (down from 35% in 3Q 2020). 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.Analyst Estimate Surprise Post Earnings • Feb 07Revenue beats expectationsRevenue exceeded analyst estimates by 9.8%. Over the next year, revenue is forecast to stay flat compared to a 5.1% growth forecast for the Chemicals industry in Germany.Is New 90 Day High Low • Dec 22New 90-day high: €53.50The company is up 38% from its price of €38.80 on 23 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €78.23 per share.お知らせ • Dec 05Kureha Corporation to Report Q3, 2021 Results on Feb 05, 2021Kureha Corporation announced that they will report Q3, 2021 results on Feb 05, 2021Is New 90 Day High Low • Dec 04New 90-day high: €48.00The company is up 34% from its price of €35.80 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €64.78 per share.Analyst Estimate Surprise Post Earnings • Nov 16Revenue misses expectationsRevenue missed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 1.3%, compared to a 3.6% growth forecast for the Chemicals industry in Germany.Is New 90 Day High Low • Nov 13New 90-day high: €41.00The company is up 11% from its price of €36.80 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €70.35 per share.Reported Earnings • Nov 11Second quarter 2021 earnings released: EPS JP¥142The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥34.6b (down 7.9% from 2Q 2020). Net income: JP¥2.76b (down 41% from 2Q 2020). Profit margin: 8.0% (down from 13% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.Is New 90 Day High Low • Sep 22New 90-day high: €40.60The company is up 4.0% from its price of €39.00 on 24 June 2020. The German market is also up 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Chemicals industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €65.18 per share.お知らせ • Sep 19Kureha Corporation to Report Q2, 2021 Results on Nov 10, 2020Kureha Corporation announced that they will report Q2, 2021 results at 3:00 PM, Tokyo Standard Time on Nov 10, 2020業績と収益の成長予測DB:0K1 - アナリストの将来予測と過去の財務データ ( )JPY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数3/31/2029179,00011,4008,40023,10033/31/2028177,50010,4905,75023,88743/31/2027170,5009,0002,30014,30033/31/2026161,688-10,6934,74728,009N/A12/31/2025157,7669,938-4,08224,627N/A9/30/2025157,7618,467-15,63818,704N/A6/30/2025156,6216,991-20,60924,525N/A3/31/2025162,0157,800-14,31229,525N/A12/31/2024167,1317,592-4,54426,607N/A9/30/2024171,1248,588-17,01328,458N/A6/30/2024176,1489,367-6,60525,753N/A3/31/2024177,9739,734-21,09911,601N/A12/31/2023175,1519,449-14,06420,024N/A9/30/2023178,01211,4757,63321,308N/A6/30/2023185,75614,6454,19519,018N/A3/31/2023191,27716,8688,50522,744N/A12/31/2022194,21018,5019,80124,829N/A9/30/2022191,02718,02610,06723,727N/A6/30/2022179,77316,32111,28223,425N/A3/31/2022168,34114,16415,99528,581N/A12/31/2021162,00115,03216,60527,993N/A9/30/2021157,60617,00814,81728,898N/A6/30/2021150,95814,74716,91831,390N/A3/31/2021144,57513,49313,82626,704N/A12/31/2020142,6474,7809,39424,384N/A9/30/2020138,85810,1758,39919,869N/A6/30/2020141,83812,1241,78414,747N/A3/31/2020142,39813,7191,50115,150N/A12/31/2019142,89023,541N/A13,939N/A9/30/2019145,37716,969N/A19,643N/A6/30/2019145,73515,078N/A21,840N/A3/31/2019148,26513,933N/A23,377N/A12/31/2018147,89211,291N/A20,672N/A9/30/2018150,2989,255N/A19,752N/A6/30/2018149,44110,595N/A16,851N/A3/31/2018147,3299,697N/A20,178N/A12/31/2017149,1319,202N/A16,980N/A9/30/2017141,5639,712N/A15,092N/A6/30/2017136,4468,636N/A14,332N/A3/31/2017132,2947,001N/A12,350N/A12/31/2016130,5339,832N/AN/AN/A9/30/2016133,9147,038N/A16,586N/A6/30/2016137,9676,366N/AN/AN/A3/31/2016142,5497,342N/A14,045N/A12/31/2015139,4433,810N/AN/AN/A9/30/2015145,5968,169N/A13,880N/A6/30/2015149,1439,417N/AN/AN/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: 0K1は今後 3 年間で収益性が向上すると予測されており、これは 貯蓄率 ( 1.9% ) よりも高い成長率であると考えられます。収益対市場: 0K1今後 3 年間で収益性が向上すると予想されており、これは市場平均を上回る成長と考えられます。高成長収益: 0K1今後 3 年以内に収益を上げることが予想されます。収益対市場: 0K1の収益 ( 3.3% ) German市場 ( 6.6% ) よりも低い成長が予測されています。高い収益成長: 0K1の収益 ( 3.3% ) 20%よりも低い成長が予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: 0K1の 自己資本利益率 は、3年後には低くなると予測されています ( 6.8 %)。成長企業の発掘7D1Y7D1Y7D1YMaterials 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/24 10:04終値2026/06/24 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Kureha Corporation 4 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。6 アナリスト機関Niima KomuraBofA Global ResearchYusuke MiuraDaiwa Securities Co. Ltd.Takashi NishihiraIchiyoshi Research Institute Inc.3 その他のアナリストを表示
お知らせ • Feb 09Kureha Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024Kureha Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the period, the company expected revenue of JPY 190,000 million, operating profit of JPY 27,000 million, profit attributable to owners of parent of JPY 20,000 million and basic profit per share of JPY 1,024.72.
お知らせ • Feb 07+ 1 more updateKureha Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Kureha Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the period, the company expected revenue of JPY 190,000 million, operating profit of JPY 27,000 million, profit attributable to owners of parent of JPY 20,000 million and basic profit per share of JPY 1,024.72.
お知らせ • Nov 10+ 1 more updateKureha Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Kureha Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects revenue of JPY 190,000 million, operating profit of JPY 27,000 million, profit attributable to owners of the company of JPY 20,000 million and basic profit per share of JPY 1,024.72.
お知らせ • May 13+ 2 more updatesKureha Corporation Provides Earnings Forecast for Six Months Ending September 30, 2022 and Fiscal Year Ending March 31, 2023Kureha Corporation provided earnings forecast for six months ending September 30, 2022 and Fiscal year ending March 31, 2023. For six months ending September 30, 2022, the company expects the Revenue of JPY 90,000 million. Operating profit of JPY 10,000 million. Profit attributable to owners of the Company of JPY 7,500 million. Basic profit per share of JPY 384.27. For full year ending March 31, 2023, the company expects the Revenue of JPY 180,000 million. Operating profit of JPY 22,000 million. Profit attributable to owners of the Company of JPY 16,000 million. Basic profit per share of JPY 819.79.
お知らせ • Aug 12Kureha Corporation Provides Earnings Guidance for the Six Months Ending September 30, 2021 and for the Fiscal Year Ending March 31, 2022Kureha Corporation provided earnings guidance for the six months ending September 30, 2021 and for the Fiscal Year Ending March 31, 2022. For the six months, sales revenue to be JPY 74,500 million. Operating profit to be JPY 7,500 million. Profit before income taxes to be JPY 7,500 million. Profit attributable to owners of the company to be JPY 5,700 million and basic profit per share to be JPY 292.04. For the year, sales revenue to be JPY 150,000 million. Operating profit to be JPY 15,000 million. Profit before income taxes to be JPY 15,000 million. Profit attributable to owners of the company to be JPY 10,700 million and basic profit per share to be JPY 548.22.
お知らせ • Jun 04Kureha Corporation to Report Q1, 2027 Final Results on Aug 07, 2026Kureha Corporation announced that they will report Q1, 2027 final results at 3:30 PM, Tokyo Standard Time on Aug 07, 2026
New Risk • Jun 01New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. Cash payout ratio: 174% Dividend yield: 5.5% 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 Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 174% Minor Risk High level of debt (54% net debt to equity).
Board Change • May 20Less than half of directors are independentThere are 7 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: 7 new directors. 1 experienced director. 1 highly experienced director. 3 independent directors (6 non-independent directors). Chairman of the Board Yutaka Kobayashi is the most experienced director on the board, commencing their role in 2009. Independent Outside Director Keiji Nishio 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. Lack of experienced directors.
お知らせ • May 12Kureha Corporation, Annual General Meeting, Jun 25, 2026Kureha Corporation, Annual General Meeting, Jun 25, 2026.
お知らせ • Mar 09Kureha Corporation to Report Fiscal Year 2026 Results on May 12, 2026Kureha Corporation announced that they will report fiscal year 2026 results at 3:30 PM, Tokyo Standard Time on May 12, 2026
お知らせ • Dec 01Kureha Corporation to Report Q3, 2026 Results on Feb 09, 2026Kureha Corporation announced that they will report Q3, 2026 results at 3:30 PM, Tokyo Standard Time on Feb 09, 2026
お知らせ • Sep 03Kureha Corporation to Report Q2, 2026 Results on Nov 11, 2025Kureha Corporation announced that they will report Q2, 2026 results at 3:30 PM, Tokyo Standard Time on Nov 11, 2025
お知らせ • Jun 09Kureha Corporation to Report Q1, 2026 Results on Aug 08, 2025Kureha Corporation announced that they will report Q1, 2026 results at 3:30 PM, Tokyo Standard Time on Aug 08, 2025
お知らせ • Jun 03Kureha Corporation (TSE:4023) announces an Equity Buyback for 10,000,000 shares, representing 20.66% for ¥35,000 million.Kureha Corporation (TSE:4023) announces a share repurchase program. Under the program, the company will repurchase 10,000,000 shares, representing 20.66% of the outstanding shares for ¥35,000 million. The purpose of the program is enhancement of shareholder returns, further improvements in capital efficiency, and a flexible capital policy that is responsive to the business environment. The program will run until September 30, 2025. As of May 31, 2025, the company had 48,411,662 shares outstanding (excluding treasury stock) and 7,021,559 shares in treasury.
お知らせ • May 13Kureha Corporation (TSE:4023) announces an Equity Buyback for 5,600,000 shares, representing 11.26% for ¥15,000 million.Kureha Corporation (TSE:4023) announces a share repurchase program. Under the program, the company will repurchase 5,600,000 shares, representing 11.26% of the outstanding shares for ¥15,000 million. The purpose of the program is to strengthen shareholder return policies and improve capital efficiency. The program will run until March 31, 2026. As of March 31, 2025, the company had 49,742,195 shares outstanding (excluding treasury stock) and 5,691,026 shares in treasury.
お知らせ • May 12+ 2 more updatesKureha Corporation, Annual General Meeting, Jun 26, 2025Kureha Corporation, Annual General Meeting, Jun 26, 2025.
お知らせ • Apr 25Kureha Corporation Announces Dividend for Year End March 31, 2025, Payable on June 3, 2025Kureha Corporation announced Dividend for Year End March 31, 2025, Payable on June 3, 2025. For the period, the company reported dividend of JPY 43.35 per share against JPY 43.34 per share from a year ago. Total dividend payout JPY 2,156 million yen.
お知らせ • Mar 03Kureha Corporation to Report Fiscal Year 2025 Results on May 12, 2025Kureha Corporation announced that they will report fiscal year 2025 results at 3:30 PM, Tokyo Standard Time on May 12, 2025
お知らせ • Dec 03Kureha Corporation to Report Q3, 2025 Results on Feb 10, 2025Kureha Corporation announced that they will report Q3, 2025 results at 3:30 PM, Tokyo Standard Time on Feb 10, 2025
Reported Earnings • Nov 14Second quarter 2025 earnings released: EPS: JP¥52.58 (vs JP¥62.76 in 2Q 2024)Second quarter 2025 results: EPS: JP¥52.58 (down from JP¥62.76 in 2Q 2024). Revenue: JP¥39.7b (down 11% from 2Q 2024). Net income: JP¥2.78b (down 22% from 2Q 2024). Profit margin: 7.0% (down from 8.0% in 2Q 2024). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 20% 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.
Upcoming Dividend • Sep 20Upcoming dividend of JP¥43.35 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.0%).
お知らせ • Sep 02Kureha Corporation to Report Q2, 2025 Results on Nov 11, 2024Kureha Corporation announced that they will report Q2, 2025 results on Nov 11, 2024
Declared Dividend • Jul 11Final dividend of JP¥43.35 announcedShareholders will receive a dividend of JP¥43.35. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 274%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (55% 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 10% 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 45% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Board Change • Jun 27Less than half of directors are independentThere are 7 new directors who have joined the board in the last 3 years. Of these new board members, 4 were independent directors. The company's board is composed of: 7 new directors. No experienced directors. 3 highly experienced directors. 3 independent directors (4 non-independent directors). CEO, President & Director Yutaka Kobayashi is the most experienced director on the board, commencing their role in 2009. Independent Outside Audit & Supervisory Board Member Katsuo Okuno was the last independent director to join the board, commencing their role in 2023. 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.
お知らせ • Jun 14Kureha Corporation to Report Q1, 2025 Results on Aug 08, 2024Kureha Corporation announced that they will report Q1, 2025 results at 3:00 PM, Tokyo Standard Time on Aug 08, 2024
お知らせ • May 15Kureha Corporation, Annual General Meeting, Jun 26, 2024Kureha Corporation, Annual General Meeting, Jun 26, 2024.
お知らせ • May 14Kureha Corporation (TSE:4023) announces an Equity Buyback for 5,600,000 shares, representing 10.18% for ¥15,000 million.Kureha Corporation (TSE:4023) announces a share repurchase program. Under the program, the company will repurchase 5,600,000 shares, representing 10.18% of the outstanding shares for ¥15,000 million. The purpose of the program is to strengthen shareholder returns and enhance capital efficiency. The program will run until March 31, 2025. As of March 31, 2024, the company had 55,032,323 shares outstanding (excluding treasury stock) and 3,543,898 shares in treasury
お知らせ • Mar 27Kureha Changshu Fluoropolymer Co., Ltd. Discontinues PVDF Facility Expansion in China, Withdraws from Heat Shrink Multilayer Film BusinessKureha Corporation announced its decision to discontinue a capacity expansion project for polyvinylidene fluoride (PVDF) at its wholly-owned subsidiary, Kureha Changshu Fluoropolymer Co. Ltd. in China. The expansion project was originally made public on July 20, 2021. In addition, Kureha announced it will withdraw from the heat shrink multilayer film business, a part of its food packaging line which the company operates primarily in Europe and Australia. Details are as follows. Kureha PVDF is used as a binder material for lithium-ion secondary batteries (LiBs) and also as an engineering plastic in various industrial applications. In July 2021, Kureha announced its plan to address growing demand for PVDF binder in the automotive LiB market, propelled by robust electric vehicle sales amid heightened environmental awareness, and expand PVDF production at the China Changshu facility. However, this capacity expansion project has been delayed due to changes in China's environment policy, and Furthermore, the business environment surrounding LiBs has changed following the enactment of the U.S. Inflation Reduction Act. Under these circumstances, Kureha decided in August 2023 to move ahead with the capacity expansion for PVDF at its Japan Iwaki Factory. The company now expect this enhanced capacity in Japan will be sufficient to meet the immediate increase in demand. Given this outlook and foreseeable difficulties in China-to-US exports under the new U.S. law, Kureha has therefore determined to discontinue the facility expansion in China. Meanwhile, Kureha will continue PVDF manufacturing operations at the China Changshu facilities for customers mainly in China and Europe. The company is also working to develop differentiated binder grades suitable for iron phosphate (LFP) LiBs, a major type of LiB used in China, and is planning over a medium to long term to expand share in the China market, suggesting that there are possibilities for reinvestment in the country if business conditions change. Kureha will continue to closely monitor market trends, maintain optimal production operations, and steadily expand the PVDF business. Details of the China facility expansion to be discontinued. Facility location: Changshu, Jiangsu Province, PRC (within the Advanced Materials Industrial Park) Assets: Equipment and buildings. Capital investment: JPY 18 billion - JPY 20 billion. Withdrawal from the heat shrink multilayer film business: Kureha has developed and operated the business of heat shrink multilayer film for food packaging mainly in Europe. For past years the company has worked to improve profitability by shifting to high- performance products and striving to reduce fixed costs, however, the company find it increasingly difficult to differentiate the company's products that do not use raw materials produced in-house, while facing cost pressures amid the European inflation. Kureha has now determined the business continuation was unfeasible and started proceedings to withdraw from the business. The Kureha Group has continually optimized its product portfolio in the food packaging businesses over the years, including withdrawing from the deep-draw film business in 2018 and divesting the blow bottle business in 2019 and a joint venture to manufacture polyvinylidene chloride (PVDC) in China in 2022. Going forward, the company aim to improve capital efficiency by focusing on the PVDC films business using in-house raw materials, allocate resources more effectively, and restructure the food packaging business that will increase corporate value. Details of the business withdrawal: Key products: Heat shrink multilayer film products for food packaging; Market areas: Europe, Australia, Japan; Kureha subsidiaries to be dissolved: KREHALON B.V., KREHALON AUSTRALIA PTY. LTD., etc.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥43.34 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 03 June 2024. Payout ratio is a comfortable 55% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (5.0%). Lower than average of industry peers (4.9%).
お知らせ • Mar 02Kureha Corporation to Report Fiscal Year 2024 Results on May 13, 2024Kureha Corporation announced that they will report fiscal year 2024 results at 3:00 PM, Tokyo Standard Time on May 13, 2024
お知らせ • Feb 09Kureha Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024Kureha Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2024. For the period, the company expected revenue of JPY 190,000 million, operating profit of JPY 27,000 million, profit attributable to owners of parent of JPY 20,000 million and basic profit per share of JPY 1,024.72.
Reported Earnings • Feb 09Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: JP¥44.4b (down 6.1% from 3Q 2023). Net income: JP¥3.44b (down 37% from 3Q 2023). Profit margin: 7.8% (down from 12% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Dec 09Kureha Corporation to Report Q3, 2024 Results on Feb 07, 2024Kureha Corporation announced that they will report Q3, 2024 results at 3:00 PM, Tokyo Standard Time on Feb 07, 2024
お知らせ • Nov 11+ 2 more updatesKureha Corporation Provides Dividend Guidance for the Year Ending March 31, 2024Kureha Corporation provided dividend guidance for the year ending March 31, 2024. For the period, the company expects to pay dividend of JPY 130.00 per share compared to JPY 145.00 per share a year ago.
Reported Earnings • Nov 10Second quarter 2024 earnings released: EPS: JP¥188 (vs JP¥345 in 2Q 2023)Second quarter 2024 results: EPS: JP¥188 (down from JP¥345 in 2Q 2023). Revenue: JP¥44.7b (down 15% from 2Q 2023). Net income: JP¥3.56b (down 47% from 2Q 2023). Profit margin: 8.0% (down from 13% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Chemicals industry in Germany. 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 11% per year.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥130 per share at 3.0% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is a comfortable 36% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.9%).
お知らせ • Sep 05Kureha Corporation to Report Q2, 2024 Results on Nov 09, 2023Kureha Corporation announced that they will report Q2, 2024 results at 3:00 PM, Tokyo Standard Time on Nov 09, 2023
New Risk • Aug 21New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.9% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (127% cash payout ratio). Shareholders have been diluted in the past year (4.9% increase in shares outstanding).
New Risk • Aug 15New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 119% Dividend yield: 3.1% 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 • Aug 09First quarter 2024 earnings released: EPS: JP¥167 (vs JP¥280 in 1Q 2023)First quarter 2024 results: EPS: JP¥167 (down from JP¥280 in 1Q 2023). Revenue: JP¥43.8b (down 11% from 1Q 2023). Net income: JP¥3.24b (down 41% from 1Q 2023). Profit margin: 7.4% (down from 11% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth.
Buying Opportunity • Jun 30Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 10%. The fair value is estimated to be €65.56, 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 19%. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings is also forecast to grow by 3.7% per annum over the same time period.
お知らせ • Jun 02Kureha Corporation to Report Q1, 2024 Results on Aug 08, 2023Kureha Corporation announced that they will report Q1, 2024 results at 3:00 PM, Tokyo Standard Time on Aug 08, 2023
お知らせ • May 19+ 2 more updatesKureha Provides Dividend Guidance for the Full Year Ending March 31, 2024Kureha Corporation provided dividend guidance for the full year ending March 31, 2024. The company expects to pay year end dividend of JPY 130 per share.
Reported Earnings • May 16Full year 2023 earnings released: EPS: JP¥864 (vs JP¥726 in FY 2022)Full year 2023 results: EPS: JP¥864 (up from JP¥726 in FY 2022). Revenue: JP¥191.3b (up 14% from FY 2022). Net income: JP¥16.9b (up 19% from FY 2022). Profit margin: 8.8% (up from 8.4% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 19% per year whereas the company’s share price has increased by 15% per year.
お知らせ • May 14+ 1 more updateKureha Corporation, Annual General Meeting, Jun 27, 2023Kureha Corporation, Annual General Meeting, Jun 27, 2023.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥125 per share at 3.0% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 02 June 2023. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.7%).
Buying Opportunity • Mar 15Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 8.9%. The fair value is estimated to be €70.12, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 12% over the last 3 years. Earnings per share has grown by 7.3%. For the next 3 years, revenue is forecast to grow by 1.4% per annum. Earnings is also forecast to grow by 3.7% per annum over the same time period.
Reported Earnings • Feb 09Third quarter 2023 earnings released: EPS: JP¥280 (vs JP¥256 in 3Q 2022)Third quarter 2023 results: EPS: JP¥280 (up from JP¥256 in 3Q 2022). Revenue: JP¥47.2b (up 7.2% from 3Q 2022). Net income: JP¥5.47b (up 9.5% from 3Q 2022). Profit margin: 12% (in line with 3Q 2022). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 1.6% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year.
お知らせ • Feb 07+ 1 more updateKureha Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Kureha Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the period, the company expected revenue of JPY 190,000 million, operating profit of JPY 27,000 million, profit attributable to owners of parent of JPY 20,000 million and basic profit per share of JPY 1,024.72.
Buying Opportunity • Jan 17Now 20% undervalued after recent price dropOver the last 90 days, the stock is down 11%. The fair value is estimated to be €71.55, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.5% over the last 3 years, while earnings per share has been flat. For the next 3 years, revenue is forecast to grow by 2.8% per annum. Earnings is also forecast to grow by 5.1% per annum over the same time period.
お知らせ • Dec 02Kureha Corporation to Report Q3, 2023 Results on Feb 07, 2023Kureha Corporation announced that they will report Q3, 2023 results at 3:00 PM, Tokyo Standard Time on Feb 07, 2023
Reported Earnings • Nov 18Second quarter 2023 earnings released: EPS: JP¥345 (vs JP¥257 in 2Q 2022)Second quarter 2023 results: EPS: JP¥345 (up from JP¥257 in 2Q 2022). Revenue: JP¥52.5b (up 27% from 2Q 2022). Net income: JP¥6.73b (up 34% from 2Q 2022). Profit margin: 13% (in line with 2Q 2022). Revenue is forecast to grow 4.6% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Germany are expected to remain flat. 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 8% per year, which means it is tracking significantly ahead of earnings growth.
Board Change • Nov 17Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Osaumu Iida was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 11Second quarter 2023 earnings released: EPS: JP¥625 (vs JP¥257 in 2Q 2022)Second quarter 2023 results: EPS: JP¥625 (up from JP¥257 in 2Q 2022). Revenue: JP¥101.8b (up 147% from 2Q 2022). Net income: JP¥12.2b (up 143% from 2Q 2022). Profit margin: 12% (in line with 2Q 2022). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 6% per year.
お知らせ • Nov 10+ 1 more updateKureha Corporation Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Kureha Corporation provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the year, the company expects revenue of JPY 190,000 million, operating profit of JPY 27,000 million, profit attributable to owners of the company of JPY 20,000 million and basic profit per share of JPY 1,024.72.
お知らせ • Oct 18+ 1 more updateKureha Corporation Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023Kureha Corporation provided dividend guidance for the fiscal year ending March 31, 2023. For the year, the company expects to pay dividend of ¥125.00 per share against ¥125.00 per share a year ago.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥125 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 02 December 2022. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 2.7%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.1%).
Reported Earnings • Aug 11First quarter 2023 earnings released: EPS: JP¥280 (vs JP¥169 in 1Q 2022)First quarter 2023 results: EPS: JP¥280 (up from JP¥169 in 1Q 2022). Revenue: JP¥49.3b (up 30% from 1Q 2022). Net income: JP¥5.46b (up 65% from 1Q 2022). Profit margin: 11% (up from 8.7% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 5.2%, compared to a 3.6% growth forecast for the industry in Germany. 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 14% per year, which means it is well ahead of earnings.
お知らせ • Aug 10+ 2 more updatesKureha Corporation Provides Dividend Guidance for the Second Quarter of Fiscal Year Ending March 31, 2023Kureha Corporation provided dividend guidance for the second quarter of fiscal year ending March 31, 2023. For the second quarter, the company expects to pay dividend of JPY 125.00 against JPY 85.00 a year ago.
お知らせ • Aug 09Kureha Corporation to Report Q2, 2023 Results on Nov 09, 2022Kureha Corporation announced that they will report Q2, 2023 results on Nov 09, 2022
Board Change • Jul 14Less than half of directors are independentFollowing the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Outside Director Osaumu Iida was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Jun 05Kureha Corporation to Report Q1, 2023 Results on Aug 09, 2022Kureha Corporation announced that they will report Q1, 2023 results on Aug 09, 2022
Reported Earnings • May 16Full year 2022 earnings released: EPS: JP¥726 (vs JP¥691 in FY 2021)Full year 2022 results: EPS: JP¥726 (up from JP¥691 in FY 2021). Revenue: JP¥168.3b (up 16% from FY 2021). Net income: JP¥14.2b (up 5.0% from FY 2021). Profit margin: 8.4% (down from 9.3% in FY 2021). The decrease in margin was driven by higher expenses. Over the next year, revenue is forecast to grow 8.1%, compared to a 6.4% growth forecast for the industry in Germany. 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 9% per year, which means it is well ahead of earnings.
お知らせ • May 13+ 2 more updatesKureha Corporation Provides Earnings Forecast for Six Months Ending September 30, 2022 and Fiscal Year Ending March 31, 2023Kureha Corporation provided earnings forecast for six months ending September 30, 2022 and Fiscal year ending March 31, 2023. For six months ending September 30, 2022, the company expects the Revenue of JPY 90,000 million. Operating profit of JPY 10,000 million. Profit attributable to owners of the Company of JPY 7,500 million. Basic profit per share of JPY 384.27. For full year ending March 31, 2023, the company expects the Revenue of JPY 180,000 million. Operating profit of JPY 22,000 million. Profit attributable to owners of the Company of JPY 16,000 million. Basic profit per share of JPY 819.79.
お知らせ • May 12Kureha Corporation, Annual General Meeting, Jun 24, 2022Kureha Corporation, Annual General Meeting, Jun 24, 2022.
Board Change • Apr 27Less than half of directors are independentFollowing 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. 3 non-independent directors. Independent Outside Director Osamu Tosaka was the last independent director to join the board, commencing their role in 2016. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Apr 19Kureha Corporation Declares Year End Dividend for the Financial Year 2021, Effective Date Is June 2, 2022Kureha Corporation declared year end dividend of JPY 125.0 per share for the financial year 2021, at the board of directors meeting held on April 19, 2022. Record date is on March 31, 2022, effective date is on June 2, 2022.
お知らせ • Apr 07Kureha Corporation to Report Fiscal Year 2022 Results on May 12, 2022Kureha Corporation announced that they will report fiscal year 2022 results on May 12, 2022
Upcoming Dividend • Mar 23Upcoming dividend of JP¥125 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 03 June 2022. Payout ratio is a comfortable 22% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (4.7%).
Reported Earnings • Feb 06Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beatThird quarter 2022 results: EPS: JP¥256 (down from JP¥357 in 3Q 2021). Revenue: JP¥44.0b (up 11% from 3Q 2021). Net income: JP¥4.99b (down 28% from 3Q 2021). Profit margin: 11% (down from 18% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 4.1%, compared to a 6.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
お知らせ • Feb 04+ 1 more updateKureha Corporation Revises Dividend Guidance for the Full Fiscal Year Ending March 31, 2022Kureha Corporation revised dividend guidance for the full fiscal year ending March 31, 2022. The company now expects to pay dividend of JPY 125.00 per share against previous forecast of JPY 100.00 per share.
Reported Earnings • Nov 10Second quarter 2022 earnings released: EPS JP¥257 (vs JP¥142 in 2Q 2021)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥41.2b (up 19% from 2Q 2021). Net income: JP¥5.03b (up 82% from 2Q 2021). Profit margin: 12% (up from 8.0% 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 3% per year whereas the company’s share price has increased by 2% per year.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥85.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 02 December 2021. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.7%).
お知らせ • Aug 12Kureha Corporation Provides Earnings Guidance for the Six Months Ending September 30, 2021 and for the Fiscal Year Ending March 31, 2022Kureha Corporation provided earnings guidance for the six months ending September 30, 2021 and for the Fiscal Year Ending March 31, 2022. For the six months, sales revenue to be JPY 74,500 million. Operating profit to be JPY 7,500 million. Profit before income taxes to be JPY 7,500 million. Profit attributable to owners of the company to be JPY 5,700 million and basic profit per share to be JPY 292.04. For the year, sales revenue to be JPY 150,000 million. Operating profit to be JPY 15,000 million. Profit before income taxes to be JPY 15,000 million. Profit attributable to owners of the company to be JPY 10,700 million and basic profit per share to be JPY 548.22.
Reported Earnings • Aug 06First quarter 2022 earnings released: EPS JP¥169 (vs JP¥105 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥37.8b (up 20% from 1Q 2021). Net income: JP¥3.30b (up 61% from 1Q 2021). Profit margin: 8.7% (up from 6.5% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has fallen by 3% per year.
Reported Earnings • May 14Full year 2021 earnings released: EPS JP¥691 (vs JP¥693 in FY 2020)The company reported a mediocre full year result with weaker earnings, although profit margins were flat and revenues improved. Full year 2021 results: Revenue: JP¥144.6b (up 1.5% from FY 2020). Net income: JP¥13.5b (down 1.6% from FY 2020). Profit margin: 9.3% (in line with FY 2020). Over the last 3 years on average, earnings per share has increased by 2% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Mar 24Upcoming dividend of JP¥85.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 02 June 2021. Trailing yield: 2.1%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (3.6%).
Is New 90 Day High Low • Mar 11New 90-day high: €57.50The company is up 14% from its price of €50.50 on 10 December 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €107 per share.
お知らせ • Mar 01Kureha Corporation to Report Fiscal Year 2021 Results on May 12, 2021Kureha Corporation announced that they will report fiscal year 2021 results at 3:00 PM, Tokyo Standard Time on May 12, 2021
Reported Earnings • Feb 07Third quarter 2021 earnings released: EPS JP¥357 (vs JP¥629 in 3Q 2020)The company reported a soft third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: JP¥39.6b (up 11% from 3Q 2020). Net income: JP¥6.97b (down 44% from 3Q 2020). Profit margin: 18% (down from 35% in 3Q 2020). 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.
Analyst Estimate Surprise Post Earnings • Feb 07Revenue beats expectationsRevenue exceeded analyst estimates by 9.8%. Over the next year, revenue is forecast to stay flat compared to a 5.1% growth forecast for the Chemicals industry in Germany.
Is New 90 Day High Low • Dec 22New 90-day high: €53.50The company is up 38% from its price of €38.80 on 23 September 2020. The German market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 20% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €78.23 per share.
お知らせ • Dec 05Kureha Corporation to Report Q3, 2021 Results on Feb 05, 2021Kureha Corporation announced that they will report Q3, 2021 results on Feb 05, 2021
Is New 90 Day High Low • Dec 04New 90-day high: €48.00The company is up 34% from its price of €35.80 on 04 September 2020. The German market is up 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €64.78 per share.
Analyst Estimate Surprise Post Earnings • Nov 16Revenue misses expectationsRevenue missed analyst estimates by 4.5%. Over the next year, revenue is forecast to grow 1.3%, compared to a 3.6% growth forecast for the Chemicals industry in Germany.
Is New 90 Day High Low • Nov 13New 90-day high: €41.00The company is up 11% from its price of €36.80 on 14 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 6.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €70.35 per share.
Reported Earnings • Nov 11Second quarter 2021 earnings released: EPS JP¥142The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥34.6b (down 7.9% from 2Q 2020). Net income: JP¥2.76b (down 41% from 2Q 2020). Profit margin: 8.0% (down from 13% in 2Q 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings.
Is New 90 Day High Low • Sep 22New 90-day high: €40.60The company is up 4.0% from its price of €39.00 on 24 June 2020. The German market is also up 4.0% over the last 90 days, indicating the company’s price trend is similar to the market over that time. However, it underperformed the Chemicals industry, which is up 10.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €65.18 per share.
お知らせ • Sep 19Kureha Corporation to Report Q2, 2021 Results on Nov 10, 2020Kureha Corporation announced that they will report Q2, 2021 results at 3:00 PM, Tokyo Standard Time on Nov 10, 2020