Nippon Kayaku（NP7）株式概要日本化薬株式会社は子会社とともに、機能化学品、医薬品、安全システム、農薬などの開発、製造、販売を国内外で行っている。 詳細NP7 ファンダメンタル分析スノーフレーク・スコア評価3/6将来の成長0/6過去の実績4/6財務の健全性5/6配当金3/6報酬株価収益率（ 11.6 x） German市場（ 16.8 x）を下回っています。過去1年間で収益は44.9%増加しました 同業他社や業界と比較して、良好な取引価格 リスク分析今後3年間の収益は年平均1.4%減少すると予測されている。 財務結果に影響を与える大きな一時的項目 3.17%の配当はフリーキャッシュフローで十分にカバーされていない すべてのリスクチェックを見るNP7 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.NEW467,951 membersJoin community and earn perksGain real feedbackFrom our editorial team, personally. Not silence.Grow your followingReal investors. The kind who actually invest, not scroll past.Unlock free accessFree premium subscription for consistent and quality authors.Learn moreCreate NarrativeBLINRODA467,951 investors already sharing narrativesYour Fair Value€Current Price€10.9020.6% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0324b2016201920222025202620282031Revenue JP¥324.0bEarnings JP¥33.6bAdvancedSet Fair ValueView all narrativesNippon Kayaku Co., Ltd. 競合他社AlzChem GroupSymbol: XTRA:ACTMarket cap: €1.6bUzin UtzSymbol: XTRA:UZUMarket cap: €320.8mEvonik IndustriesSymbol: XTRA:EVKMarket cap: €8.6bSymriseSymbol: XTRA:SY1Market cap: €12.3b価格と性能株価の高値、安値、推移の概要Nippon Kayaku過去の株価現在の株価JP¥10.9052週高値JP¥11.7052週安値JP¥7.50ベータ01ヶ月の変化4.81%3ヶ月変化-6.84%1年変化34.57%3年間の変化37.11%5年間の変化18.48%IPOからの変化81.67%最新ニュースNew Risk • Aug 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.4% 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 1.4% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (248% cash payout ratio). Large one-off items impacting financial results.Reported Earnings • Aug 04First quarter 2027 earnings released: EPS: JP¥41.08 (vs JP¥27.29 in 1Q 2026)First quarter 2027 results: EPS: JP¥41.08 (up from JP¥27.29 in 1Q 2026). Revenue: JP¥67.4b (up 23% from 1Q 2026). Net income: JP¥6.08b (up 42% from 1Q 2026). Profit margin: 9.0% (up from 7.8% in 1Q 2026). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% 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 26Final dividend of JP¥33.00 announcedShareholders will receive a dividend of JP¥33.00. Ex-date: 29th September 2026 Payment date: 1st December 2026 Dividend yield will be 319%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but not covered by cash flows (231% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Board Change • May 21Less than half of directors are independentThere are 9 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: 9 new directors. 2 experienced directors. 1 highly experienced director. 4 independent directors (5 non-independent directors). Independent Outside Director Yasuyuki Fujishima is the most experienced director on the board, commencing their role in 2016. Independent Outside Director Mitsuhiro Tsubakimoto 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 14Nippon Kayaku Co., Ltd. (TSE:4272) announces an Equity Buyback for 13,000,000 shares, representing 8.75% for ¥15,000 million.Nippon Kayaku Co., Ltd. (TSE:4272) announces a share repurchase program. Under the program, the company will repurchase up to 13,000,000 shares, representing 8.75% of its issued share capital (excluding treasury stock), for a total purchase price of ¥15,000 million. The purpose of the program is to return profits to shareholders, improve capital efficiency and increase corporate value in accordance with Measures for Delivering Management with an Awareness of the Cost of Capital and Stock Prices. The program will continue through March 31, 2027. As of March 31, 2026, the company had 148,502,884 issued shares (excluding treasury stock) and 11,497,116 treasury shares.お知らせ • May 13+ 2 more updatesNippon Kayaku Co., Ltd. to Report Q2, 2027 Results on Nov 10, 2026Nippon Kayaku Co., Ltd. announced that they will report Q2, 2027 results on Nov 10, 2026最新情報をもっと見るRecent updatesNew Risk • Aug 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.4% 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 1.4% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (248% cash payout ratio). Large one-off items impacting financial results.Reported Earnings • Aug 04First quarter 2027 earnings released: EPS: JP¥41.08 (vs JP¥27.29 in 1Q 2026)First quarter 2027 results: EPS: JP¥41.08 (up from JP¥27.29 in 1Q 2026). Revenue: JP¥67.4b (up 23% from 1Q 2026). Net income: JP¥6.08b (up 42% from 1Q 2026). Profit margin: 9.0% (up from 7.8% in 1Q 2026). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% 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 26Final dividend of JP¥33.00 announcedShareholders will receive a dividend of JP¥33.00. Ex-date: 29th September 2026 Payment date: 1st December 2026 Dividend yield will be 319%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but not covered by cash flows (231% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Board Change • May 21Less than half of directors are independentThere are 9 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: 9 new directors. 2 experienced directors. 1 highly experienced director. 4 independent directors (5 non-independent directors). Independent Outside Director Yasuyuki Fujishima is the most experienced director on the board, commencing their role in 2016. Independent Outside Director Mitsuhiro Tsubakimoto 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 14Nippon Kayaku Co., Ltd. (TSE:4272) announces an Equity Buyback for 13,000,000 shares, representing 8.75% for ¥15,000 million.Nippon Kayaku Co., Ltd. (TSE:4272) announces a share repurchase program. Under the program, the company will repurchase up to 13,000,000 shares, representing 8.75% of its issued share capital (excluding treasury stock), for a total purchase price of ¥15,000 million. The purpose of the program is to return profits to shareholders, improve capital efficiency and increase corporate value in accordance with Measures for Delivering Management with an Awareness of the Cost of Capital and Stock Prices. The program will continue through March 31, 2027. As of March 31, 2026, the company had 148,502,884 issued shares (excluding treasury stock) and 11,497,116 treasury shares.お知らせ • May 13+ 2 more updatesNippon Kayaku Co., Ltd. to Report Q2, 2027 Results on Nov 10, 2026Nippon Kayaku Co., Ltd. announced that they will report Q2, 2027 results on Nov 10, 2026お知らせ • May 12Nippon Kayaku Co., Ltd., Annual General Meeting, Jun 25, 2026Nippon Kayaku Co., Ltd., Annual General Meeting, Jun 25, 2026.お知らせ • Mar 26Denka Company Limited (TSE:4061) completed the acquisition of 77.65% stake in KAINOS Laboratories, Inc. (TSE:4556) from a group of shareholders.Denka Company Limited (TSE:4061) proposed to acquire 77.65% stake in KAINOS Laboratories, Inc. (TSE:4556) from a group of shareholders for ¥7.9 billion on February 6, 2026. A cash consideration of ¥7.89 billion valued at ¥2285 per share will be paid by Denka Company Limited. As part of consideration, ¥7.89 billion is paid towards common equity of KAINOS Laboratories, Inc. Denka Company Limited intends to launch a Squeeze-Out Procedures, if it acquires the minimum tender shares (1,990,000 shares) and fails to acquire all of the KAINOS Laboratories, Inc's Shares (excluding the Shares Agreed Not to Be Tendered and treasury shares). The transaction is subject to minimum tender. The expected completion of the transaction is March 25, 2026. Sumitomo Mitsui Banking Corporation acted as financial advisor for Denka Company Limited. AGS Consulting Co., Ltd. acted as financial advisor for KAINOS Laboratories, Inc. Nagashima Ohno & Tsunematsu acted as legal advisor for KAINOS Laboratories, Inc. TMI Associates acted as legal advisor for KAINOS Laboratories, Inc. Mizuho Securities Co., Ltd. acted as financial advisor for KAINOS Laboratories, Inc. Denka Company Limited (TSE:4061) completed the acquisition of 77.65% stake in KAINOS Laboratories, Inc. (TSE:4556) from a group of shareholders on March 25, 2026. Upon closing of the offer period, 3,223,919 shares were tendered. Since it is more than the minimum number of shares to be purchased (1,990,000 shares), Denka Company Limited will purchase all of the Tendered Share Certificates and intends to implement a series of procedures for the purpose of making the Tender Offeror the sole shareholder of KAINOS Laboratories, Inc. As of today, the KAINOS Laboratories, Inc's Shares are listed on the Standard Market of the Tokyo Stock Exchange. If the procedures are implemented, the KAINOS Laboratories, Inc's Shares will be delisted pursuant to the prescribed procedures, in accordance with the criteria for delisting of Tokyo Stock Exchange. KAINOS Laboratories, Inc's Shares, after being delisted, will no longer be traded on the Standard Market of the Tokyo Stock Exchange.お知らせ • Feb 09Denka Company Limited (TSE:4061) proposed to acquire 77.65% stake in KAINOS Laboratories, Inc. (TSE:4556) from a group of shareholders for ¥7.9 billion.Denka Company Limited (TSE:4061) proposed to acquire 77.65% stake in KAINOS Laboratories, Inc. (TSE:4556) from a group of shareholders for ¥7.9 billion on February 6, 2026. A cash consideration of ¥7.89 billion valued at ¥2285 per share will be paid by Denka Company Limited. As part of consideration, ¥7.89 billion is paid towards common equity of KAINOS Laboratories, Inc. The transaction is subject to minimum tender. The expected completion of the transaction is March 25, 2026. Sumitomo Mitsui Banking Corporation acted as financial advisor for Denka Company Limited. AGS Consulting Co., Ltd. acted as financial advisor for KAINOS Laboratories, Inc. Nagashima Ohno & Tsunematsu acted as legal advisor for KAINOS Laboratories, Inc. TMI Associates acted as legal advisor for KAINOS Laboratories, Inc. Mizuho Securities Co., Ltd. acted as financial advisor for KAINOS Laboratories, Inc.お知らせ • Nov 12Nippon Kayaku Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026Nippon Kayaku Co., Ltd. announced that they will report fiscal year 2026 results on May 12, 2026お知らせ • May 14+ 2 more updatesNippon Kayaku Co., Ltd. to Report Q3, 2026 Results on Feb 02, 2026Nippon Kayaku Co., Ltd. announced that they will report Q3, 2026 results on Feb 02, 2026お知らせ • May 13Nippon Kayaku Co., Ltd., Annual General Meeting, Jun 26, 2025Nippon Kayaku Co., Ltd., Annual General Meeting, Jun 26, 2025.お知らせ • Mar 28+ 1 more updateNippon Kayaku Co., Ltd. Announces Retirement of Atsuhiro Wakumoto as President, Effective June 26, 2025Nippon Kayaku Co., Ltd. announced at its Board of Directors meeting held on March 28, 2025, change in the Board of Directors and Executives: Retiring: Atsuhiro Wakumoto as President. Schedule for Changes: June 26, 2025 at AGM.お知らせ • Feb 03+ 1 more updateNippon Kayaku Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025Nippon Kayaku Co., Ltd. revised consolidated earnings guidance for the Fiscal Year Ending March 31, 2025. For the year, the company now expects net sales of JPY 223,700 million, operating income of JPY 21,100 million, profit attributable to owners of parent of JPY 17,900 million and profit attributable to owners of parent per share of JPY 109.58 against previous guidance of net sales of JPY 220,300 million, operating income of JPY 19,300 million, profit attributable to owners of parent of JPY 15,300 million and profit attributable to owners of parent per share of JPY 93.68.お知らせ • Nov 19Nippon Kayaku Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025Nippon Kayaku Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025Reported Earnings • Nov 13Second quarter 2025 earnings released: EPS: JP¥14.66 (vs JP¥20.69 in 2Q 2024)Second quarter 2025 results: EPS: JP¥14.66 (down from JP¥20.69 in 2Q 2024). Revenue: JP¥55.5b (up 12% from 2Q 2024). Net income: JP¥2.41b (down 30% from 2Q 2024). Profit margin: 4.3% (down from 7.0% in 2Q 2024). Revenue is forecast to grow 4.2% 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 47% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.お知らせ • Nov 11Nippon Kayaku Co., Ltd. (TSE:4272) announces an Equity Buyback for 6,500,000 shares, representing 3.97% for ¥7,000 million.Nippon Kayaku Co., Ltd. (TSE:4272) announces a share repurchase program. Under the program, the company will repurchase up to 6,500,000 shares, representing 3.97% of its issued share capital (excluding treasury stock), for a total purchase price of ¥7,000 million. The purpose of the program is to implement flexible capital policies in response to changes in the business environment. The program will continue through May 30, 2025. As of September 30, 2024, the company had 163,585,231 issued shares (excluding treasury stock) and 6,918,339 treasury shares.Upcoming Dividend • Sep 20Upcoming dividend of JP¥22.50 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.0%).Reported Earnings • Aug 02First quarter 2025 earnings released: EPS: JP¥21.52 (vs JP¥16.05 in 1Q 2024)First quarter 2025 results: EPS: JP¥21.52 (up from JP¥16.05 in 1Q 2024). Revenue: JP¥53.6b (up 10% from 1Q 2024). Net income: JP¥3.57b (up 34% from 1Q 2024). Profit margin: 6.6% (up from 5.5% in 1Q 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.Valuation Update With 7 Day Price Move • Aug 01Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €8.55, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Chemicals industry in Germany. Total returns to shareholders of 2.4% over the past three years.Buy Or Sell Opportunity • Aug 01Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 10% to €8.55. The fair value is estimated to be €6.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has declined by 26%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 35% per annum over the same time period.Declared Dividend • Jul 11Final dividend of JP¥22.50 announcedShareholders will receive a dividend of JP¥22.50. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 319%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is not covered by earnings (306% earnings payout ratio) nor is it adequately covered by cash flows (96% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 240% to bring the payout ratio under control. EPS is expected to grow by 146% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.お知らせ • May 18+ 2 more updatesNippon Kayaku Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024Nippon Kayaku Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024お知らせ • May 16+ 2 more updatesNippon Kayaku Co., Ltd. Announces Year End Dividend for the Fiscal Year Ended March 31, 2024, Payable on June 27, 2024Nippon Kayaku Co., Ltd. announced year end dividend of JPY 22.50 per share for the Fiscal Year Ended March 31, 2024 compared to JPY 25.00 per share paid a year ago. Scheduled date for start of dividend payments: June 27, 2024.お知らせ • May 15Nippon Kayaku Co., Ltd., Annual General Meeting, Jun 26, 2024Nippon Kayaku Co., Ltd., Annual General Meeting, Jun 26, 2024.お知らせ • May 14Nippon Kayaku Co., Ltd. (TSE:4272) announces an Equity Buyback for 2,800,000 shares, representing 1.69% for ¥3,000 million.Nippon Kayaku Co., Ltd. (TSE:4272) announces a share repurchase program. Under the program, the company will repurchase up to 2,800,000 shares, representing 1.69% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,000 million. The purpose of the program is to implement flexible capital policies in response to changes in the business environment. The program will continue through September 30, 2024. As of March 31, 2024, the company had 165,870,785 issued shares (excluding treasury stock) and 4,632,785 treasury shares.お知らせ • Mar 28Nippon Kayaku Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024Nippon Kayaku Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024Upcoming Dividend • Mar 21Upcoming dividend of JP¥22.50 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.8%).New Risk • Feb 11New major risk - Revenue and earnings growthEarnings have declined by 1.7% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 161% Cash payout ratio: 146% Earnings have declined by 1.7% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin).お知らせ • Feb 07+ 1 more updateNippon Kayaku Co., Ltd. Provides Dividend Guidance for the Fiscal Ending March 31, 2024Nippon Kayaku Co., Ltd. provided dividend guidance for the fiscal ending March 31, 2024. For the full year, the company expects to pay a dividend of ¥22.50 against ¥25 paid last year.Reported Earnings • Feb 02Third quarter 2024 earnings released: JP¥19.67 loss per share (vs JP¥23.57 profit in 3Q 2023)Third quarter 2024 results: JP¥19.67 loss per share (down from JP¥23.57 profit in 3Q 2023). Revenue: JP¥51.8b (up 1.9% from 3Q 2023). Net loss: JP¥3.26b (down 182% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.お知らせ • Nov 10Nippon Kayaku Co., Ltd. Announces Dividend for the Second Quarter of the Year Ending March 31, 2024, Payable on December 1, 2023Nippon Kayaku Co., Ltd. announced dividend for the second quarter of the year ending March 31, 2024. For the second quarter, the company expects to pay JPY 22.50 against JPY 20.00 reported a year ago. Scheduled date for start of dividend payments is December 1, 2023.Reported Earnings • Nov 09Second quarter 2024 earnings released: EPS: JP¥20.69 (vs JP¥31.63 in 2Q 2023)Second quarter 2024 results: EPS: JP¥20.69 (down from JP¥31.63 in 2Q 2023). Revenue: JP¥49.3b (down 9.4% from 2Q 2023). Net income: JP¥3.43b (down 36% from 2Q 2023). Profit margin: 7.0% (down from 9.8% in 2Q 2023). The decrease in margin was driven by lower 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.お知らせ • Nov 01Nippon Kayaku Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024Nippon Kayaku Co., Ltd. revised consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year, the company expects revised net sales of JPY 202,300 million, operating income of JPY 6,000 million, profit attributable to owners of parent of JPY 5,800 million and profit attributable to owners of parent per share of JPY 34.98 compared to previously expected net sales of JPY 202,300 million, operating income of JPY 13,000 million, profit attributable to owners of parent of JPY 10,500 million and profit attributable to owners of parent per share of JPY 63.34.お知らせ • Oct 31Nippon Kayaku Co., Ltd. Revises Consolidated Earnings Guidance for the Six Months Ended September 30, 2023Nippon Kayaku Co., Ltd. revised consolidated earnings guidance for the six months ended September 30, 2023. For the period, the company expects revised net sales of JPY 97,900 million, operating income of JPY 4,800 million, profit attributable to owners of parent of JPY 6,100 million and profit attributable to owners of parent per share of JPY 36.79 compared to previously expected net sales of JPY 97,100 million, operating income of JPY 5,300 million, profit attributable to owners of parent of JPY 4,400 million and profit attributable to owners of parent per share of JPY 26.54.Upcoming Dividend • Sep 21Upcoming dividend of JP¥22.50 per share at 3.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.9%).お知らせ • Aug 04Nippon Kayaku Co., Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Ending March 31, 2024Nippon Kayaku Co., Ltd. provided consolidated earnings guidance for the first half and full year of fiscal ending March 31, 2024. For the first half, The company expects net sales to be JPY 97,100 million, Operating profit to be JPY 5,300 million, profit attributable to owners of parent to be JPY 4,400 million or JPY 26.54 per share.For the full year, The company expects net sales to be JPY 202,300 million, Operating profit to be JPY 13,000 million, profit attributable to owners of parent to be JPY 10,500 million or JPY 63.34 per share.New Risk • Aug 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.9% Last year net profit margin: 9.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (100% cash payout ratio). Profit margins are more than 30% lower than last year (5.9% net profit margin).Reported Earnings • Aug 01First quarter 2024 earnings released: EPS: JP¥16.05 (vs JP¥35.41 in 1Q 2023)First quarter 2024 results: EPS: JP¥16.05 (down from JP¥35.41 in 1Q 2023). Revenue: JP¥48.6b (flat on 1Q 2023). Net income: JP¥2.66b (down 55% from 1Q 2023). Profit margin: 5.5% (down from 12% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.お知らせ • May 22+ 2 more updatesNippon Kayaku Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024Nippon Kayaku Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024Reported Earnings • May 21Full year 2023 earnings released: EPS: JP¥89.36 (vs JP¥102 in FY 2022)Full year 2023 results: EPS: JP¥89.36 (down from JP¥102 in FY 2022). Revenue: JP¥198.4b (up 7.3% from FY 2022). Net income: JP¥15.0b (down 13% from FY 2022). Profit margin: 7.6% (down from 9.3% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Upcoming Dividend • Mar 23Upcoming dividend of JP¥20.00 per share at 3.4% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.7%).お知らせ • Feb 03+ 1 more updateNippon Kayaku Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023Nippon Kayaku Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2023. For the end of year, company expects dividend of JPY 20.00 per share compared to JPY 25.00 per share a year ago.Reported Earnings • Feb 02Third quarter 2023 earnings released: EPS: JP¥23.57 (vs JP¥28.85 in 3Q 2022)Third quarter 2023 results: EPS: JP¥23.57 (down from JP¥28.85 in 3Q 2022). Revenue: JP¥50.9b (up 3.3% from 3Q 2022). Net income: JP¥3.96b (down 18% from 3Q 2022). Profit margin: 7.8% (down from 9.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥31.63 (vs JP¥23.17 in 2Q 2022)Second quarter 2023 results: EPS: JP¥31.63 (up from JP¥23.17 in 2Q 2022). Revenue: JP¥54.4b (up 28% from 2Q 2022). Net income: JP¥5.32b (up 36% from 2Q 2022). Profit margin: 9.8% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.Board Change • Nov 16Less 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. 6 non-independent directors. Independent Outside Director Seiichi Fusamura was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.お知らせ • Nov 12+ 3 more updatesNippon Kayaku Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Nippon Kayaku Co., Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the full year, the company expects net sales to be JPY 210,000 million. Operating income to be JPY 23,800 million. Profit attributable to owners of parent to be JPY 19,400 million. Profit attributable to owners of parent per share to be JPY 115.31.お知らせ • Nov 11Nippon Kayaku Co., Ltd. to Report Fiscal Year 2023 Results on May 15, 2023Nippon Kayaku Co., Ltd. announced that they will report fiscal year 2023 results on May 15, 2023Reported Earnings • Nov 10Second quarter 2023 earnings released: EPS: JP¥31.63 (vs JP¥23.17 in 2Q 2022)Second quarter 2023 results: EPS: JP¥31.63 (up from JP¥23.17 in 2Q 2022). Revenue: JP¥54.4b (up 28% from 2Q 2022). Net income: JP¥5.32b (up 36% from 2Q 2022). Profit margin: 9.8% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.お知らせ • Nov 08Nippon Kayaku Co., Ltd. (TSE:4272) announces an Equity Buyback for 3,000,000 shares, representing 1.78% for ¥3,000 million.Nippon Kayaku Co., Ltd. (TSE:4272) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 1.78% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,000 million. The purpose of the program is to enable flexible execution of capital policies in response to changes in the business environment. The program will continue through March 31, 2023. As of September 30, 2022, the company had 168,338,545 issued shares (excluding treasury stock) and 2,165,025 treasury shares.Upcoming Dividend • Sep 22Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.1%).お知らせ • Aug 04+ 2 more updatesNippon Kayaku Co., Ltd. Provides Dividend Guidance for the End of Second Quarter of Fiscal Year 2023Nippon Kayaku Co., Ltd. expected to pay the dividend of JPY 20.00 per share for the end of second quarter of fiscal year 2023 against JPY 15.00 per share paid a year ago.Reported Earnings • Jul 31First quarter 2023 earnings released: EPS: JP¥35.41 (vs JP¥31.05 in 1Q 2022)First quarter 2023 results: EPS: JP¥35.41 (up from JP¥31.05 in 1Q 2022). Revenue: JP¥48.3b (up 4.0% from 1Q 2022). Net income: JP¥5.96b (up 13% from 1Q 2022). Profit margin: 12% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.お知らせ • May 27+ 2 more updatesNippon Kayaku Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023Nippon Kayaku Co., Ltd. provided dividend guidance to be JPY 20.00 per share for the year ending March 31, 2023 against JPY 25.00 per share paid a year ago.お知らせ • May 17+ 2 more updatesNippon Kayaku Co., Ltd. to Report Q2, 2023 Results on Nov 08, 2022Nippon Kayaku Co., Ltd. announced that they will report Q2, 2023 results on Nov 08, 2022Reported Earnings • May 16Full year 2022 earnings released: EPS: JP¥102 (vs JP¥73.62 in FY 2021)Full year 2022 results: EPS: JP¥102 (up from JP¥73.62 in FY 2021). Revenue: JP¥184.8b (up 6.6% from FY 2021). Net income: JP¥17.2b (up 37% from FY 2021). Profit margin: 9.3% (up from 7.3% 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 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.Board Change • Apr 27Less 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. 6 non-independent directors. Independent Outside Director Seiichi Fusamura was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Upcoming Dividend • Mar 23Upcoming dividend of JP¥22.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of German dividend payers (3.6%). Lower than average of industry peers (4.7%).お知らせ • Feb 02+ 1 more updateNippon Kayaku Co., Ltd. Provides Dividend Guidance for the Year Ending March 31, 2022Nippon Kayaku Co., Ltd. provided dividend guidance of JPY 22 per share for the year ending March 31, 2022 against JPY 15 per share paid a year ago.Reported Earnings • Jan 29Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥28.84 (up from JP¥23.94 in 3Q 2021). Revenue: JP¥49.3b (up 9.1% from 3Q 2021). Net income: JP¥4.85b (up 19% from 3Q 2021). Profit margin: 9.9% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Reported Earnings • Nov 10Second quarter 2022 earnings released: EPS JP¥23.17 (vs JP¥18.36 in 2Q 2021)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥42.4b (down 3.0% from 2Q 2021). Net income: JP¥3.91b (up 25% from 2Q 2021). Profit margin: 9.2% (up from 7.2% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.Upcoming Dividend • Sep 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.7%).お知らせ • Aug 06Nippon Kayaku Co., Ltd. Revises Earnings Guidance for the First Half and Full Year Ending March 31, 2022Nippon Kayaku Co., Ltd. revises earnings guidance for the first half and full year ending March 31, 2022. For the first half, the company now expects Net sales of JPY 91,300 million, Operating income of JPY 9,800 million and Profit attributable to owners of parent of JPY 8,000 million or JPY 46.91 per share against previous forecast of Net sales of JPY 84,500 million, Operating income of JPY 5,300 million and Profit attributable to owners of parent of JPY 4,500 million or JPY 26.35 per share. For the full year, the company now expects Net sales of JPY 184,800 million, Operating income of JPY 17,400 million and Profit attributable to owners of parent of JPY 14,000 million or JPY 82.10 per share against previous forecast of Net sales of JPY 176,000 million, Operating income of JPY 12,400 million and Profit attributable to owners of parent of JPY 10,100 million or JPY 59.14 per share.Reported Earnings • Aug 05First quarter 2022 earnings released: EPS JP¥31.05 (vs JP¥10.24 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥46.4b (up 26% from 1Q 2021). Net income: JP¥5.30b (up 203% from 1Q 2021). Profit margin: 11% (up from 4.7% 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 4% per year whereas the company’s share price has fallen by 1% per year.Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥9.90, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 23x in the Chemicals industry in Germany. Total returns to shareholders of 11% over the past three years.お知らせ • May 22Nippon Kayaku Co., Ltd. (TSE:4272) announces an Equity Buyback for 3,100,000 shares, representing 1.82% for ¥3,000 million.Nippon Kayaku Co., Ltd. (TSE:4272) announces a share repurchase program. Under the program, the company will repurchase up to 3,100,000 shares, representing 1.82% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,000 million. The purpose of the program is to enable flexible execution of capital policies in response to changes in the business environment. The program will continue through September 30, 2021. As of March 31, 2021, the company had 170,792,920 issued shares (excluding treasury stock) and 6,704,735 treasury shares.Reported Earnings • May 14Full year 2021 earnings released: EPS JP¥73.62 (vs JP¥74.25 in FY 2020)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥173.4b (down 1.0% from FY 2020). Net income: JP¥12.6b (down 1.9% from FY 2020). Profit margin: 7.3% (in line with FY 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year.Upcoming Dividend • Mar 24Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 2.6%. 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 10New 90-day high: €8.20The company is up 10.0% from its price of €7.45 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.お知らせ • Feb 26Nippon Kayaku Co., Ltd. (TSE:4272) signed an agreement to acquire Teikoku Taping System Co., Ltd.Nippon Kayaku Co., Ltd. (TSE:4272) signed an agreement to acquire Teikoku Taping System Co., Ltd. on February 5, 2021. The transaction is expected to close in April 2021.お知らせ • Feb 03Nippon Kayaku Co., Ltd. Revises Earnings Guidance for the Year Ending March 31, 2021Nippon Kayaku Co., Ltd. revised earnings guidance for the year ending March 31, 2021. For the year, the company now expected net sale of JPY 171,700 million, Operating income of 14,900 million and Profit attributable to owners of parent was JPY 12,000 million or JPY 70.26 per share against previous guidance of net sale of JPY 164,000 million, Operating income of 12,000 million and Profit attributable to owners of parent was JPY 10,000 million or JPY 58.55 per share.Reported Earnings • Feb 03Third quarter 2021 earnings released: EPS JP¥23.94 (vs JP¥28.74 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥45.1b (down 2.3% from 3Q 2020). Net income: JP¥4.09b (down 18% from 3Q 2020). Profit margin: 9.1% (down from 11% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 8% per year.Is New 90 Day High Low • Jan 26New 90-day high: €8.10The company is up 8.0% from its price of €7.50 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 21% over the same period.株主還元NP7DE ChemicalsDE 市場7D-4.4%1.3%-0.3%1Y34.6%6.7%3.0%株主還元を見る業界別リターン: NP7過去 1 年間で6.7 % の収益を上げたGerman Chemicals業界を上回りました。リターン対市場: NP7過去 1 年間で3 % の収益を上げたGerman市場を上回りました。価格変動Is NP7's price volatile compared to industry and market?NP7 volatilityNP7 Average Weekly Movement4.1%Chemicals Industry Average Movement4.9%Market Average Movement5.2%10% most volatile stocks in DE Market12.6%10% least volatile stocks in DE Market2.6%安定した株価: NP7 、 German市場と比較して、過去 3 か月間で大きな価格変動はありませんでした。時間の経過による変動: NP7の 週次ボラティリティ ( 4% ) は過去 1 年間安定しています。会社概要設立従業員CEO（最高経営責任者ウェブサイト19165,946Shigeyuki Kawamurawww.nipponkayaku.co.jp日本化薬株式会社は、子会社とともに機能化学品、医薬品、安全システム、農薬等の開発・製造・販売を国内外で行っている。機能化学品事業では、エポキシ樹脂、マレイミド樹脂、UV硬化樹脂、液晶・LED用封止材、マレイミド樹脂、フォトレジスト、マイクロエレクトロメカニカルシステム用絶縁材料などの機能性材料、洗浄剤・洗浄剤を提供している。インクジェット用着色剤、工業用インクジェットインク、繊維・紙用染料、感熱紙用材料などの色材、アクリル酸・メタクリル酸製造用触媒、偏光フィルム、無機偏光板、液晶ディスプレイ用部材・プロジェクター用部材、X線分析用部材などを提供している。医薬品事業では、抗がん剤・がん関連治療薬、バイオシミラー、ジェネリック医薬品、インターベンショナルラジオロジー製品、循環器治療薬、医薬品原薬・中間体、がん診断薬、糖尿病の血糖コントロールマーカー「グリコマーク」などを提供している。安全システム事業では、エアバッグ用インフレータ、シートベルトプリテンショナー用マイクロガス発生器、スクイブなどを提供している。農薬事業では、農業用殺虫剤、除草剤、土壌くん蒸剤、不衛生害虫駆除剤などを提供している。不動産賃貸事業。1945年に日本化薬株式会社に社名変更。日本化薬株式会社は1916 年に設立され、東京に本社を置く。もっと見るNippon Kayaku Co., Ltd. 基礎のまとめNippon Kayaku の収益と売上を時価総額と比較するとどうか。NP7 基礎統計学時価総額€1.65b収益（TTM）€142.34m売上高(TTM)€1.37b11.6xPER（株価収益率1.2xP/SレシオNP7 は割高か？公正価値と評価分析を参照収益と収入最新の決算報告書（TTM）に基づく主な収益性統計NP7 損益計算書（TTM）収益JP¥254.50b売上原価JP¥177.27b売上総利益JP¥77.23bその他の費用JP¥50.80b収益JP¥26.43b直近の収益報告Jun 30, 2026次回決算日Nov 10, 2026一株当たり利益（EPS）179.49グロス・マージン30.35%純利益率10.39%有利子負債／自己資本比率24.0%NP7 の長期的なパフォーマンスは？過去の実績と比較を見る配当金3.2%現在の配当利回り38%配当性向NP7 配当は確実ですか？NP7 配当履歴とベンチマークを見るNP7 、いつまでに購入すれば配当金を受け取れますか？Nippon Kayaku 配当日配当落ち日Sep 29 2026配当支払日Dec 01 2026配当落ちまでの日数36 days配当支払日までの日数99 daysNP7 配当は確実ですか？NP7 配当履歴とベンチマークを見るView Valuation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2026/08/24 05:35終値2026/08/21 00:00収益2026/06/30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、レポートの活用方法に関するガイドやYouTubeのチュートリアルも用意しています。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Nippon Kayaku Co., Ltd. 1 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。7 アナリスト機関Joshua BennisonCLSAKatsuhiko IshibashiIchiyoshi Research Institute Inc.Naoya MiuraMizuho Securities Co., Ltd.4 その他のアナリストを表示
New Risk • Aug 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.4% 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 1.4% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (248% cash payout ratio). Large one-off items impacting financial results.
Reported Earnings • Aug 04First quarter 2027 earnings released: EPS: JP¥41.08 (vs JP¥27.29 in 1Q 2026)First quarter 2027 results: EPS: JP¥41.08 (up from JP¥27.29 in 1Q 2026). Revenue: JP¥67.4b (up 23% from 1Q 2026). Net income: JP¥6.08b (up 42% from 1Q 2026). Profit margin: 9.0% (up from 7.8% in 1Q 2026). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% 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 26Final dividend of JP¥33.00 announcedShareholders will receive a dividend of JP¥33.00. Ex-date: 29th September 2026 Payment date: 1st December 2026 Dividend yield will be 319%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but not covered by cash flows (231% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Board Change • May 21Less than half of directors are independentThere are 9 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: 9 new directors. 2 experienced directors. 1 highly experienced director. 4 independent directors (5 non-independent directors). Independent Outside Director Yasuyuki Fujishima is the most experienced director on the board, commencing their role in 2016. Independent Outside Director Mitsuhiro Tsubakimoto 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 14Nippon Kayaku Co., Ltd. (TSE:4272) announces an Equity Buyback for 13,000,000 shares, representing 8.75% for ¥15,000 million.Nippon Kayaku Co., Ltd. (TSE:4272) announces a share repurchase program. Under the program, the company will repurchase up to 13,000,000 shares, representing 8.75% of its issued share capital (excluding treasury stock), for a total purchase price of ¥15,000 million. The purpose of the program is to return profits to shareholders, improve capital efficiency and increase corporate value in accordance with Measures for Delivering Management with an Awareness of the Cost of Capital and Stock Prices. The program will continue through March 31, 2027. As of March 31, 2026, the company had 148,502,884 issued shares (excluding treasury stock) and 11,497,116 treasury shares.
お知らせ • May 13+ 2 more updatesNippon Kayaku Co., Ltd. to Report Q2, 2027 Results on Nov 10, 2026Nippon Kayaku Co., Ltd. announced that they will report Q2, 2027 results on Nov 10, 2026
New Risk • Aug 04New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 1.4% 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 1.4% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (248% cash payout ratio). Large one-off items impacting financial results.
Reported Earnings • Aug 04First quarter 2027 earnings released: EPS: JP¥41.08 (vs JP¥27.29 in 1Q 2026)First quarter 2027 results: EPS: JP¥41.08 (up from JP¥27.29 in 1Q 2026). Revenue: JP¥67.4b (up 23% from 1Q 2026). Net income: JP¥6.08b (up 42% from 1Q 2026). Profit margin: 9.0% (up from 7.8% in 1Q 2026). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 56% 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 26Final dividend of JP¥33.00 announcedShareholders will receive a dividend of JP¥33.00. Ex-date: 29th September 2026 Payment date: 1st December 2026 Dividend yield will be 319%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (41% earnings payout ratio) but not covered by cash flows (231% cash payout ratio). The dividend has increased by an average of 10% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 9.7% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Board Change • May 21Less than half of directors are independentThere are 9 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: 9 new directors. 2 experienced directors. 1 highly experienced director. 4 independent directors (5 non-independent directors). Independent Outside Director Yasuyuki Fujishima is the most experienced director on the board, commencing their role in 2016. Independent Outside Director Mitsuhiro Tsubakimoto 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 14Nippon Kayaku Co., Ltd. (TSE:4272) announces an Equity Buyback for 13,000,000 shares, representing 8.75% for ¥15,000 million.Nippon Kayaku Co., Ltd. (TSE:4272) announces a share repurchase program. Under the program, the company will repurchase up to 13,000,000 shares, representing 8.75% of its issued share capital (excluding treasury stock), for a total purchase price of ¥15,000 million. The purpose of the program is to return profits to shareholders, improve capital efficiency and increase corporate value in accordance with Measures for Delivering Management with an Awareness of the Cost of Capital and Stock Prices. The program will continue through March 31, 2027. As of March 31, 2026, the company had 148,502,884 issued shares (excluding treasury stock) and 11,497,116 treasury shares.
お知らせ • May 13+ 2 more updatesNippon Kayaku Co., Ltd. to Report Q2, 2027 Results on Nov 10, 2026Nippon Kayaku Co., Ltd. announced that they will report Q2, 2027 results on Nov 10, 2026
お知らせ • May 12Nippon Kayaku Co., Ltd., Annual General Meeting, Jun 25, 2026Nippon Kayaku Co., Ltd., Annual General Meeting, Jun 25, 2026.
お知らせ • Mar 26Denka Company Limited (TSE:4061) completed the acquisition of 77.65% stake in KAINOS Laboratories, Inc. (TSE:4556) from a group of shareholders.Denka Company Limited (TSE:4061) proposed to acquire 77.65% stake in KAINOS Laboratories, Inc. (TSE:4556) from a group of shareholders for ¥7.9 billion on February 6, 2026. A cash consideration of ¥7.89 billion valued at ¥2285 per share will be paid by Denka Company Limited. As part of consideration, ¥7.89 billion is paid towards common equity of KAINOS Laboratories, Inc. Denka Company Limited intends to launch a Squeeze-Out Procedures, if it acquires the minimum tender shares (1,990,000 shares) and fails to acquire all of the KAINOS Laboratories, Inc's Shares (excluding the Shares Agreed Not to Be Tendered and treasury shares). The transaction is subject to minimum tender. The expected completion of the transaction is March 25, 2026. Sumitomo Mitsui Banking Corporation acted as financial advisor for Denka Company Limited. AGS Consulting Co., Ltd. acted as financial advisor for KAINOS Laboratories, Inc. Nagashima Ohno & Tsunematsu acted as legal advisor for KAINOS Laboratories, Inc. TMI Associates acted as legal advisor for KAINOS Laboratories, Inc. Mizuho Securities Co., Ltd. acted as financial advisor for KAINOS Laboratories, Inc. Denka Company Limited (TSE:4061) completed the acquisition of 77.65% stake in KAINOS Laboratories, Inc. (TSE:4556) from a group of shareholders on March 25, 2026. Upon closing of the offer period, 3,223,919 shares were tendered. Since it is more than the minimum number of shares to be purchased (1,990,000 shares), Denka Company Limited will purchase all of the Tendered Share Certificates and intends to implement a series of procedures for the purpose of making the Tender Offeror the sole shareholder of KAINOS Laboratories, Inc. As of today, the KAINOS Laboratories, Inc's Shares are listed on the Standard Market of the Tokyo Stock Exchange. If the procedures are implemented, the KAINOS Laboratories, Inc's Shares will be delisted pursuant to the prescribed procedures, in accordance with the criteria for delisting of Tokyo Stock Exchange. KAINOS Laboratories, Inc's Shares, after being delisted, will no longer be traded on the Standard Market of the Tokyo Stock Exchange.
お知らせ • Feb 09Denka Company Limited (TSE:4061) proposed to acquire 77.65% stake in KAINOS Laboratories, Inc. (TSE:4556) from a group of shareholders for ¥7.9 billion.Denka Company Limited (TSE:4061) proposed to acquire 77.65% stake in KAINOS Laboratories, Inc. (TSE:4556) from a group of shareholders for ¥7.9 billion on February 6, 2026. A cash consideration of ¥7.89 billion valued at ¥2285 per share will be paid by Denka Company Limited. As part of consideration, ¥7.89 billion is paid towards common equity of KAINOS Laboratories, Inc. The transaction is subject to minimum tender. The expected completion of the transaction is March 25, 2026. Sumitomo Mitsui Banking Corporation acted as financial advisor for Denka Company Limited. AGS Consulting Co., Ltd. acted as financial advisor for KAINOS Laboratories, Inc. Nagashima Ohno & Tsunematsu acted as legal advisor for KAINOS Laboratories, Inc. TMI Associates acted as legal advisor for KAINOS Laboratories, Inc. Mizuho Securities Co., Ltd. acted as financial advisor for KAINOS Laboratories, Inc.
お知らせ • Nov 12Nippon Kayaku Co., Ltd. to Report Fiscal Year 2026 Results on May 12, 2026Nippon Kayaku Co., Ltd. announced that they will report fiscal year 2026 results on May 12, 2026
お知らせ • May 14+ 2 more updatesNippon Kayaku Co., Ltd. to Report Q3, 2026 Results on Feb 02, 2026Nippon Kayaku Co., Ltd. announced that they will report Q3, 2026 results on Feb 02, 2026
お知らせ • May 13Nippon Kayaku Co., Ltd., Annual General Meeting, Jun 26, 2025Nippon Kayaku Co., Ltd., Annual General Meeting, Jun 26, 2025.
お知らせ • Mar 28+ 1 more updateNippon Kayaku Co., Ltd. Announces Retirement of Atsuhiro Wakumoto as President, Effective June 26, 2025Nippon Kayaku Co., Ltd. announced at its Board of Directors meeting held on March 28, 2025, change in the Board of Directors and Executives: Retiring: Atsuhiro Wakumoto as President. Schedule for Changes: June 26, 2025 at AGM.
お知らせ • Feb 03+ 1 more updateNippon Kayaku Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2025Nippon Kayaku Co., Ltd. revised consolidated earnings guidance for the Fiscal Year Ending March 31, 2025. For the year, the company now expects net sales of JPY 223,700 million, operating income of JPY 21,100 million, profit attributable to owners of parent of JPY 17,900 million and profit attributable to owners of parent per share of JPY 109.58 against previous guidance of net sales of JPY 220,300 million, operating income of JPY 19,300 million, profit attributable to owners of parent of JPY 15,300 million and profit attributable to owners of parent per share of JPY 93.68.
お知らせ • Nov 19Nippon Kayaku Co., Ltd. to Report Fiscal Year 2025 Results on May 13, 2025Nippon Kayaku Co., Ltd. announced that they will report fiscal year 2025 results on May 13, 2025
Reported Earnings • Nov 13Second quarter 2025 earnings released: EPS: JP¥14.66 (vs JP¥20.69 in 2Q 2024)Second quarter 2025 results: EPS: JP¥14.66 (down from JP¥20.69 in 2Q 2024). Revenue: JP¥55.5b (up 12% from 2Q 2024). Net income: JP¥2.41b (down 30% from 2Q 2024). Profit margin: 4.3% (down from 7.0% in 2Q 2024). Revenue is forecast to grow 4.2% 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 47% per year but the company’s share price has only fallen by 6% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 11Nippon Kayaku Co., Ltd. (TSE:4272) announces an Equity Buyback for 6,500,000 shares, representing 3.97% for ¥7,000 million.Nippon Kayaku Co., Ltd. (TSE:4272) announces a share repurchase program. Under the program, the company will repurchase up to 6,500,000 shares, representing 3.97% of its issued share capital (excluding treasury stock), for a total purchase price of ¥7,000 million. The purpose of the program is to implement flexible capital policies in response to changes in the business environment. The program will continue through May 30, 2025. As of September 30, 2024, the company had 163,585,231 issued shares (excluding treasury stock) and 6,918,339 treasury shares.
Upcoming Dividend • Sep 20Upcoming dividend of JP¥22.50 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.5%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.0%).
Reported Earnings • Aug 02First quarter 2025 earnings released: EPS: JP¥21.52 (vs JP¥16.05 in 1Q 2024)First quarter 2025 results: EPS: JP¥21.52 (up from JP¥16.05 in 1Q 2024). Revenue: JP¥53.6b (up 10% from 1Q 2024). Net income: JP¥3.57b (up 34% from 1Q 2024). Profit margin: 6.6% (up from 5.5% in 1Q 2024). Revenue is forecast to grow 3.9% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 3% per year, which means it has not declined as severely as earnings.
Valuation Update With 7 Day Price Move • Aug 01Investor sentiment improves as stock rises 16%After last week's 16% share price gain to €8.55, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 12x in the Chemicals industry in Germany. Total returns to shareholders of 2.4% over the past three years.
Buy Or Sell Opportunity • Aug 01Now 24% overvalued after recent price riseOver the last 90 days, the stock has risen 10% to €8.55. The fair value is estimated to be €6.89, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.1% over the last 3 years. Earnings per share has declined by 26%. For the next 3 years, revenue is forecast to grow by 4.3% per annum. Earnings are also forecast to grow by 35% per annum over the same time period.
Declared Dividend • Jul 11Final dividend of JP¥22.50 announcedShareholders will receive a dividend of JP¥22.50. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 319%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is not covered by earnings (306% earnings payout ratio) nor is it adequately covered by cash flows (96% cash payout ratio). The dividend has increased by an average of 8.4% per year over the past 10 years. However, payments have been volatile during that time. The company's earnings per share (EPS) would need to grow by 240% to bring the payout ratio under control. EPS is expected to grow by 146% over the next 3 years, which means the dividend may need to be reduced to reach a sustainable payout ratio.
お知らせ • May 18+ 2 more updatesNippon Kayaku Co., Ltd. to Report Q1, 2025 Results on Jul 31, 2024Nippon Kayaku Co., Ltd. announced that they will report Q1, 2025 results on Jul 31, 2024
お知らせ • May 16+ 2 more updatesNippon Kayaku Co., Ltd. Announces Year End Dividend for the Fiscal Year Ended March 31, 2024, Payable on June 27, 2024Nippon Kayaku Co., Ltd. announced year end dividend of JPY 22.50 per share for the Fiscal Year Ended March 31, 2024 compared to JPY 25.00 per share paid a year ago. Scheduled date for start of dividend payments: June 27, 2024.
お知らせ • May 15Nippon Kayaku Co., Ltd., Annual General Meeting, Jun 26, 2024Nippon Kayaku Co., Ltd., Annual General Meeting, Jun 26, 2024.
お知らせ • May 14Nippon Kayaku Co., Ltd. (TSE:4272) announces an Equity Buyback for 2,800,000 shares, representing 1.69% for ¥3,000 million.Nippon Kayaku Co., Ltd. (TSE:4272) announces a share repurchase program. Under the program, the company will repurchase up to 2,800,000 shares, representing 1.69% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,000 million. The purpose of the program is to implement flexible capital policies in response to changes in the business environment. The program will continue through September 30, 2024. As of March 31, 2024, the company had 165,870,785 issued shares (excluding treasury stock) and 4,632,785 treasury shares.
お知らせ • Mar 28Nippon Kayaku Co., Ltd. to Report Fiscal Year 2024 Results on May 13, 2024Nippon Kayaku Co., Ltd. announced that they will report fiscal year 2024 results on May 13, 2024
Upcoming Dividend • Mar 21Upcoming dividend of JP¥22.50 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. The company is paying out more than 100% of its earnings and cash flow. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.8%).
New Risk • Feb 11New major risk - Revenue and earnings growthEarnings have declined by 1.7% per year over the past 5 years. 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 declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. 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 Risks Dividend is not well covered by earnings and cash flows. Payout ratio: 161% Cash payout ratio: 146% Earnings have declined by 1.7% per year over the past 5 years. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.3% net profit margin).
お知らせ • Feb 07+ 1 more updateNippon Kayaku Co., Ltd. Provides Dividend Guidance for the Fiscal Ending March 31, 2024Nippon Kayaku Co., Ltd. provided dividend guidance for the fiscal ending March 31, 2024. For the full year, the company expects to pay a dividend of ¥22.50 against ¥25 paid last year.
Reported Earnings • Feb 02Third quarter 2024 earnings released: JP¥19.67 loss per share (vs JP¥23.57 profit in 3Q 2023)Third quarter 2024 results: JP¥19.67 loss per share (down from JP¥23.57 profit in 3Q 2023). Revenue: JP¥51.8b (up 1.9% from 3Q 2023). Net loss: JP¥3.26b (down 182% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings.
お知らせ • Nov 10Nippon Kayaku Co., Ltd. Announces Dividend for the Second Quarter of the Year Ending March 31, 2024, Payable on December 1, 2023Nippon Kayaku Co., Ltd. announced dividend for the second quarter of the year ending March 31, 2024. For the second quarter, the company expects to pay JPY 22.50 against JPY 20.00 reported a year ago. Scheduled date for start of dividend payments is December 1, 2023.
Reported Earnings • Nov 09Second quarter 2024 earnings released: EPS: JP¥20.69 (vs JP¥31.63 in 2Q 2023)Second quarter 2024 results: EPS: JP¥20.69 (down from JP¥31.63 in 2Q 2023). Revenue: JP¥49.3b (down 9.4% from 2Q 2023). Net income: JP¥3.43b (down 36% from 2Q 2023). Profit margin: 7.0% (down from 9.8% in 2Q 2023). The decrease in margin was driven by lower 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.
お知らせ • Nov 01Nippon Kayaku Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024Nippon Kayaku Co., Ltd. revised consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year, the company expects revised net sales of JPY 202,300 million, operating income of JPY 6,000 million, profit attributable to owners of parent of JPY 5,800 million and profit attributable to owners of parent per share of JPY 34.98 compared to previously expected net sales of JPY 202,300 million, operating income of JPY 13,000 million, profit attributable to owners of parent of JPY 10,500 million and profit attributable to owners of parent per share of JPY 63.34.
お知らせ • Oct 31Nippon Kayaku Co., Ltd. Revises Consolidated Earnings Guidance for the Six Months Ended September 30, 2023Nippon Kayaku Co., Ltd. revised consolidated earnings guidance for the six months ended September 30, 2023. For the period, the company expects revised net sales of JPY 97,900 million, operating income of JPY 4,800 million, profit attributable to owners of parent of JPY 6,100 million and profit attributable to owners of parent per share of JPY 36.79 compared to previously expected net sales of JPY 97,100 million, operating income of JPY 5,300 million, profit attributable to owners of parent of JPY 4,400 million and profit attributable to owners of parent per share of JPY 26.54.
Upcoming Dividend • Sep 21Upcoming dividend of JP¥22.50 per share at 3.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 01 December 2023. Payout ratio is a comfortable 64% but the company is paying out more than the cash it is generating. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.9%).
お知らせ • Aug 04Nippon Kayaku Co., Ltd. Provides Consolidated Earnings Guidance for the First Half and Full Year of Fiscal Ending March 31, 2024Nippon Kayaku Co., Ltd. provided consolidated earnings guidance for the first half and full year of fiscal ending March 31, 2024. For the first half, The company expects net sales to be JPY 97,100 million, Operating profit to be JPY 5,300 million, profit attributable to owners of parent to be JPY 4,400 million or JPY 26.54 per share.For the full year, The company expects net sales to be JPY 202,300 million, Operating profit to be JPY 13,000 million, profit attributable to owners of parent to be JPY 10,500 million or JPY 63.34 per share.
New Risk • Aug 01New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 5.9% Last year net profit margin: 9.6% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (100% cash payout ratio). Profit margins are more than 30% lower than last year (5.9% net profit margin).
Reported Earnings • Aug 01First quarter 2024 earnings released: EPS: JP¥16.05 (vs JP¥35.41 in 1Q 2023)First quarter 2024 results: EPS: JP¥16.05 (down from JP¥35.41 in 1Q 2023). Revenue: JP¥48.6b (flat on 1Q 2023). Net income: JP¥2.66b (down 55% from 1Q 2023). Profit margin: 5.5% (down from 12% in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings.
お知らせ • May 22+ 2 more updatesNippon Kayaku Co., Ltd. to Report Q3, 2024 Results on Jan 31, 2024Nippon Kayaku Co., Ltd. announced that they will report Q3, 2024 results on Jan 31, 2024
Reported Earnings • May 21Full year 2023 earnings released: EPS: JP¥89.36 (vs JP¥102 in FY 2022)Full year 2023 results: EPS: JP¥89.36 (down from JP¥102 in FY 2022). Revenue: JP¥198.4b (up 7.3% from FY 2022). Net income: JP¥15.0b (down 13% from FY 2022). Profit margin: 7.6% (down from 9.3% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥20.00 per share at 3.4% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 41% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.7%).
お知らせ • Feb 03+ 1 more updateNippon Kayaku Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023Nippon Kayaku Co., Ltd. provided dividend guidance for the fiscal year ending March 31, 2023. For the end of year, company expects dividend of JPY 20.00 per share compared to JPY 25.00 per share a year ago.
Reported Earnings • Feb 02Third quarter 2023 earnings released: EPS: JP¥23.57 (vs JP¥28.85 in 3Q 2022)Third quarter 2023 results: EPS: JP¥23.57 (down from JP¥28.85 in 3Q 2022). Revenue: JP¥50.9b (up 3.3% from 3Q 2022). Net income: JP¥3.96b (down 18% from 3Q 2022). Profit margin: 7.8% (down from 9.9% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 16Second quarter 2023 earnings released: EPS: JP¥31.63 (vs JP¥23.17 in 2Q 2022)Second quarter 2023 results: EPS: JP¥31.63 (up from JP¥23.17 in 2Q 2022). Revenue: JP¥54.4b (up 28% from 2Q 2022). Net income: JP¥5.32b (up 36% from 2Q 2022). Profit margin: 9.8% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
Board Change • Nov 16Less 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. 6 non-independent directors. Independent Outside Director Seiichi Fusamura was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
お知らせ • Nov 12+ 3 more updatesNippon Kayaku Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2023Nippon Kayaku Co., Ltd. provided consolidated earnings guidance for the fiscal year ending March 31, 2023. For the full year, the company expects net sales to be JPY 210,000 million. Operating income to be JPY 23,800 million. Profit attributable to owners of parent to be JPY 19,400 million. Profit attributable to owners of parent per share to be JPY 115.31.
お知らせ • Nov 11Nippon Kayaku Co., Ltd. to Report Fiscal Year 2023 Results on May 15, 2023Nippon Kayaku Co., Ltd. announced that they will report fiscal year 2023 results on May 15, 2023
Reported Earnings • Nov 10Second quarter 2023 earnings released: EPS: JP¥31.63 (vs JP¥23.17 in 2Q 2022)Second quarter 2023 results: EPS: JP¥31.63 (up from JP¥23.17 in 2Q 2022). Revenue: JP¥54.4b (up 28% from 2Q 2022). Net income: JP¥5.32b (up 36% from 2Q 2022). Profit margin: 9.8% (in line with 2Q 2022). Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings.
お知らせ • Nov 08Nippon Kayaku Co., Ltd. (TSE:4272) announces an Equity Buyback for 3,000,000 shares, representing 1.78% for ¥3,000 million.Nippon Kayaku Co., Ltd. (TSE:4272) announces a share repurchase program. Under the program, the company will repurchase up to 3,000,000 shares, representing 1.78% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,000 million. The purpose of the program is to enable flexible execution of capital policies in response to changes in the business environment. The program will continue through March 31, 2023. As of September 30, 2022, the company had 168,338,545 issued shares (excluding treasury stock) and 2,165,025 treasury shares.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 29 September 2022. Payment date: 01 December 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 3.3%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.1%).
お知らせ • Aug 04+ 2 more updatesNippon Kayaku Co., Ltd. Provides Dividend Guidance for the End of Second Quarter of Fiscal Year 2023Nippon Kayaku Co., Ltd. expected to pay the dividend of JPY 20.00 per share for the end of second quarter of fiscal year 2023 against JPY 15.00 per share paid a year ago.
Reported Earnings • Jul 31First quarter 2023 earnings released: EPS: JP¥35.41 (vs JP¥31.05 in 1Q 2022)First quarter 2023 results: EPS: JP¥35.41 (up from JP¥31.05 in 1Q 2022). Revenue: JP¥48.3b (up 4.0% from 1Q 2022). Net income: JP¥5.96b (up 13% from 1Q 2022). Profit margin: 12% (in line with 1Q 2022). Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
お知らせ • May 27+ 2 more updatesNippon Kayaku Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending March 31, 2023Nippon Kayaku Co., Ltd. provided dividend guidance to be JPY 20.00 per share for the year ending March 31, 2023 against JPY 25.00 per share paid a year ago.
お知らせ • May 17+ 2 more updatesNippon Kayaku Co., Ltd. to Report Q2, 2023 Results on Nov 08, 2022Nippon Kayaku Co., Ltd. announced that they will report Q2, 2023 results on Nov 08, 2022
Reported Earnings • May 16Full year 2022 earnings released: EPS: JP¥102 (vs JP¥73.62 in FY 2021)Full year 2022 results: EPS: JP¥102 (up from JP¥73.62 in FY 2021). Revenue: JP¥184.8b (up 6.6% from FY 2021). Net income: JP¥17.2b (up 37% from FY 2021). Profit margin: 9.3% (up from 7.3% 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 8% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings.
Board Change • Apr 27Less 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. 6 non-independent directors. Independent Outside Director Seiichi Fusamura was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥22.00 per shareEligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of German dividend payers (3.6%). Lower than average of industry peers (4.7%).
お知らせ • Feb 02+ 1 more updateNippon Kayaku Co., Ltd. Provides Dividend Guidance for the Year Ending March 31, 2022Nippon Kayaku Co., Ltd. provided dividend guidance of JPY 22 per share for the year ending March 31, 2022 against JPY 15 per share paid a year ago.
Reported Earnings • Jan 29Third quarter 2022 earnings: Revenues and EPS in line with analyst expectationsThird quarter 2022 results: EPS: JP¥28.84 (up from JP¥23.94 in 3Q 2021). Revenue: JP¥49.3b (up 9.1% from 3Q 2021). Net income: JP¥4.85b (up 19% from 3Q 2021). Profit margin: 9.9% (in line with 3Q 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Reported Earnings • Nov 10Second quarter 2022 earnings released: EPS JP¥23.17 (vs JP¥18.36 in 2Q 2021)The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2022 results: Revenue: JP¥42.4b (down 3.0% from 2Q 2021). Net income: JP¥3.91b (up 25% from 2Q 2021). Profit margin: 9.2% (up from 7.2% in 2Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 29 September 2021. Payment date: 01 December 2021. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.7%).
お知らせ • Aug 06Nippon Kayaku Co., Ltd. Revises Earnings Guidance for the First Half and Full Year Ending March 31, 2022Nippon Kayaku Co., Ltd. revises earnings guidance for the first half and full year ending March 31, 2022. For the first half, the company now expects Net sales of JPY 91,300 million, Operating income of JPY 9,800 million and Profit attributable to owners of parent of JPY 8,000 million or JPY 46.91 per share against previous forecast of Net sales of JPY 84,500 million, Operating income of JPY 5,300 million and Profit attributable to owners of parent of JPY 4,500 million or JPY 26.35 per share. For the full year, the company now expects Net sales of JPY 184,800 million, Operating income of JPY 17,400 million and Profit attributable to owners of parent of JPY 14,000 million or JPY 82.10 per share against previous forecast of Net sales of JPY 176,000 million, Operating income of JPY 12,400 million and Profit attributable to owners of parent of JPY 10,100 million or JPY 59.14 per share.
Reported Earnings • Aug 05First quarter 2022 earnings released: EPS JP¥31.05 (vs JP¥10.24 in 1Q 2021)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥46.4b (up 26% from 1Q 2021). Net income: JP¥5.30b (up 203% from 1Q 2021). Profit margin: 11% (up from 4.7% 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 4% per year whereas the company’s share price has fallen by 1% per year.
Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improved over the past weekAfter last week's 16% share price gain to JP¥9.90, the stock trades at a trailing P/E ratio of 16.7x. Average trailing P/E is 23x in the Chemicals industry in Germany. Total returns to shareholders of 11% over the past three years.
お知らせ • May 22Nippon Kayaku Co., Ltd. (TSE:4272) announces an Equity Buyback for 3,100,000 shares, representing 1.82% for ¥3,000 million.Nippon Kayaku Co., Ltd. (TSE:4272) announces a share repurchase program. Under the program, the company will repurchase up to 3,100,000 shares, representing 1.82% of its issued share capital (excluding treasury stock), for a total purchase price of ¥3,000 million. The purpose of the program is to enable flexible execution of capital policies in response to changes in the business environment. The program will continue through September 30, 2021. As of March 31, 2021, the company had 170,792,920 issued shares (excluding treasury stock) and 6,704,735 treasury shares.
Reported Earnings • May 14Full year 2021 earnings released: EPS JP¥73.62 (vs JP¥74.25 in FY 2020)The company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2021 results: Revenue: JP¥173.4b (down 1.0% from FY 2020). Net income: JP¥12.6b (down 1.9% from FY 2020). Profit margin: 7.3% (in line with FY 2020). Over the last 3 years on average, earnings per share has fallen by 9% per year and the company’s share price has also fallen by 9% per year.
Upcoming Dividend • Mar 24Upcoming dividend of JP¥15.00 per shareEligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 2.6%. 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 10New 90-day high: €8.20The company is up 10.0% from its price of €7.45 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.
お知らせ • Feb 26Nippon Kayaku Co., Ltd. (TSE:4272) signed an agreement to acquire Teikoku Taping System Co., Ltd.Nippon Kayaku Co., Ltd. (TSE:4272) signed an agreement to acquire Teikoku Taping System Co., Ltd. on February 5, 2021. The transaction is expected to close in April 2021.
お知らせ • Feb 03Nippon Kayaku Co., Ltd. Revises Earnings Guidance for the Year Ending March 31, 2021Nippon Kayaku Co., Ltd. revised earnings guidance for the year ending March 31, 2021. For the year, the company now expected net sale of JPY 171,700 million, Operating income of 14,900 million and Profit attributable to owners of parent was JPY 12,000 million or JPY 70.26 per share against previous guidance of net sale of JPY 164,000 million, Operating income of 12,000 million and Profit attributable to owners of parent was JPY 10,000 million or JPY 58.55 per share.
Reported Earnings • Feb 03Third quarter 2021 earnings released: EPS JP¥23.94 (vs JP¥28.74 in 3Q 2020)The company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥45.1b (down 2.3% from 3Q 2020). Net income: JP¥4.09b (down 18% from 3Q 2020). Profit margin: 9.1% (down from 11% in 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 8% per year.
Is New 90 Day High Low • Jan 26New 90-day high: €8.10The company is up 8.0% from its price of €7.50 on 28 October 2020. The German market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 21% over the same period.
