View ValuationKH Neochem 将来の成長Future 基準チェック /26KH Neochem利益と収益がそれぞれ年間14.4%と4.2%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13.5% 14.7%なると予測されています。主要情報14.4%収益成長率14.68%EPS成長率Chemicals 収益成長14.0%収益成長率4.2%将来の株主資本利益率13.50%アナリストカバレッジLow最終更新日15 May 2026今後の成長に関する最新情報分析記事 • May 15KH Neochem Co., Ltd. Just Missed Earnings And Its Revenue Numbers Were Weaker Than ExpectedLast week saw the newest first-quarter earnings release from KH Neochem Co., Ltd. ( TSE:4189 ), an important milestone...お知らせ • Jan 30+ 1 more updateKH Neochem Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 2026KH Neochem Co., Ltd. provided consolidated earnings guidance for the fiscal year ending December 2026. For the period, the company's consolidated operating profit is expected to be approximately JPY 13 billion, representing an increase compared to the fiscal year ending December 2025.Price Target Changed • Feb 13Price target increased by 8.7% to JP¥2,900Up from JP¥2,667, the current price target is an average from 3 analysts. New target price is 16% above last closing price of JP¥2,507. Stock is up 12% over the past year. The company is forecast to post earnings per share of JP¥268 for next year compared to JP¥226 last year.分析記事 • Nov 10The KH Neochem Co., Ltd. (TSE:4189) Third-Quarter Results Are Out And Analysts Have Published New ForecastsKH Neochem Co., Ltd. ( TSE:4189 ) came out with its quarterly results last week, and we wanted to see how the business...分析記事 • May 11Earnings Report: KH Neochem Co., Ltd. Missed Revenue Estimates By 8.7%KH Neochem Co., Ltd. ( TSE:4189 ) shareholders are probably feeling a little disappointed, since its shares fell 3.9...Major Estimate Revision • Nov 28Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥119.4b to JP¥114.8b. EPS estimate also fell from JP¥225 per share to JP¥184 per share. Net income forecast to grow 19% next year vs 13% growth forecast for Chemicals industry in Japan. Consensus price target down from JP¥3,125 to JP¥3,050. Share price was steady at JP¥2,292 over the past week.すべての更新を表示Recent updates分析記事 • May 15KH Neochem Co., Ltd. Just Missed Earnings And Its Revenue Numbers Were Weaker Than ExpectedLast week saw the newest first-quarter earnings release from KH Neochem Co., Ltd. ( TSE:4189 ), an important milestone...Reported Earnings • May 12First quarter 2026 earnings released: EPS: JP¥38.51 (vs JP¥47.96 in 1Q 2025)First quarter 2026 results: EPS: JP¥38.51 (down from JP¥47.96 in 1Q 2025). Revenue: JP¥25.6b (down 11% from 1Q 2025). Net income: JP¥1.35b (down 24% from 1Q 2025). Profit margin: 5.3% (down from 6.1% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year.Declared Dividend • Apr 11Final dividend of JP¥55.00 announcedShareholders will receive a dividend of JP¥55.00. Ex-date: 29th June 2026 Payment date: 7th September 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 10% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Board Change • Apr 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Director Tarou Hasuo was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.お知らせ • Mar 12KH Neochem Co., Ltd. to Report Q1, 2026 Results on May 11, 2026KH Neochem Co., Ltd. announced that they will report Q1, 2026 results on May 11, 2026Reported Earnings • Feb 07Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥218 (down from JP¥226 in FY 2024). Revenue: JP¥115.1b (down 3.9% from FY 2024). Net income: JP¥7.80b (down 6.7% from FY 2024). Profit margin: 6.8% (down from 7.0% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 06KH Neochem Co., Ltd., Annual General Meeting, Mar 26, 2026KH Neochem Co., Ltd., Annual General Meeting, Mar 26, 2026.お知らせ • Jan 30+ 1 more updateKH Neochem Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 2026KH Neochem Co., Ltd. provided consolidated earnings guidance for the fiscal year ending December 2026. For the period, the company's consolidated operating profit is expected to be approximately JPY 13 billion, representing an increase compared to the fiscal year ending December 2025.Upcoming Dividend • Dec 22Upcoming dividend of JP¥52.50 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 26 March 2026. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%).分析記事 • Dec 04KH Neochem (TSE:4189) Has Announced A Dividend Of ¥52.50KH Neochem Co., Ltd.'s ( TSE:4189 ) investors are due to receive a payment of ¥52.50 per share on 26th of March. This...お知らせ • Dec 04KH Neochem Co., Ltd. to Report Fiscal Year 2025 Results on Feb 06, 2026KH Neochem Co., Ltd. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on Feb 06, 2026分析記事 • Nov 11KH Neochem (TSE:4189) Has Announced A Dividend Of ¥52.50KH Neochem Co., Ltd.'s ( TSE:4189 ) investors are due to receive a payment of ¥52.50 per share on 26th of March. This...Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: JP¥48.04 (vs JP¥43.55 in 3Q 2024)Third quarter 2025 results: EPS: JP¥48.04 (up from JP¥43.55 in 3Q 2024). Revenue: JP¥27.8b (down 9.8% from 3Q 2024). Net income: JP¥1.69b (up 5.0% from 3Q 2024). Profit margin: 6.1% (up from 5.2% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.分析記事 • Sep 06KH Neochem (TSE:4189) Will Pay A Dividend Of ¥52.50The board of KH Neochem Co., Ltd. ( TSE:4189 ) has announced that it will pay a dividend of ¥52.50 per share on the...Declared Dividend • Sep 06First half dividend of JP¥52.50 announcedShareholders will receive a dividend of JP¥52.50. Ex-date: 29th December 2025 Payment date: 26th March 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (40% 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 9.5% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.お知らせ • Sep 02KH Neochem Co., Ltd. to Report Q3, 2025 Results on Nov 05, 2025KH Neochem Co., Ltd. announced that they will report Q3, 2025 results on Nov 05, 2025Reported Earnings • Aug 05Second quarter 2025 earnings released: EPS: JP¥60.29 (vs JP¥41.75 in 2Q 2024)Second quarter 2025 results: EPS: JP¥60.29 (up from JP¥41.75 in 2Q 2024). Revenue: JP¥29.9b (up 3.4% from 2Q 2024). Net income: JP¥2.17b (up 40% from 2Q 2024). Profit margin: 7.2% (up from 5.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.お知らせ • Aug 04+ 1 more updateKH Neochem Co., Ltd. Announces Dividend for the Second Quarter-End of the Fiscal Year Ending December 31, 2025, Payable on September 5, 2025KH Neochem Co., Ltd. announced dividend for the second quarter-end of the fiscal year ending December 31, 2025. For the second quarter, the company announced dividend of JPY 52.50 per share against JPY 45.00 per share a year ago. Scheduled date to commence dividend payments is September 5, 2025.分析記事 • Jun 16KH Neochem's (TSE:4189) Dividend Will Be Increased To ¥52.50KH Neochem Co., Ltd. ( TSE:4189 ) will increase its dividend from last year's comparable payment on the 8th of...お知らせ • Jun 09KH Neochem Co., Ltd. to Report Q2, 2025 Results on Aug 04, 2025KH Neochem Co., Ltd. announced that they will report Q2, 2025 results on Aug 04, 2025分析記事 • Jun 01KH Neochem (TSE:4189) Will Pay A Larger Dividend Than Last Year At ¥52.50KH Neochem Co., Ltd. ( TSE:4189 ) will increase its dividend from last year's comparable payment on the 8th of...Reported Earnings • May 09First quarter 2025 earnings released: EPS: JP¥47.96 (vs JP¥47.62 in 1Q 2024)First quarter 2025 results: EPS: JP¥47.96 (up from JP¥47.62 in 1Q 2024). Revenue: JP¥28.8b (up 6.8% from 1Q 2024). Net income: JP¥1.77b (flat on 1Q 2024). Profit margin: 6.1% (down from 6.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.Declared Dividend • Apr 11Final dividend of JP¥52.50 announcedShareholders will receive a dividend of JP¥52.50. Ex-date: 27th June 2025 Payment date: 8th September 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (40% 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 11% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥2,117, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Chemicals industry in Japan. Total loss to shareholders of 5.3% over the past three years.Reported Earnings • Mar 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥226 (up from JP¥184 in FY 2023). Revenue: JP¥119.8b (up 3.9% from FY 2023). Net income: JP¥8.36b (up 23% from FY 2023). Profit margin: 7.0% (up from 5.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.1%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 25% 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 • Mar 05KH Neochem Co., Ltd. to Report Q1, 2025 Results on May 08, 2025KH Neochem Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025Price Target Changed • Feb 13Price target increased by 8.7% to JP¥2,900Up from JP¥2,667, the current price target is an average from 3 analysts. New target price is 16% above last closing price of JP¥2,507. Stock is up 12% over the past year. The company is forecast to post earnings per share of JP¥268 for next year compared to JP¥226 last year.New Risk • Feb 12New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.7% 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.分析記事 • Feb 10KH Neochem Co., Ltd.'s (TSE:4189) Shares Leap 26% Yet They're Still Not Telling The Full StoryThe KH Neochem Co., Ltd. ( TSE:4189 ) share price has done very well over the last month, posting an excellent gain of...分析記事 • Feb 09Investors Met With Slowing Returns on Capital At KH Neochem (TSE:4189)If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...Reported Earnings • Feb 08Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥226 (up from JP¥184 in FY 2023). Revenue: JP¥119.8b (up 3.9% from FY 2023). Net income: JP¥8.36b (up 23% from FY 2023). Profit margin: 7.0% (up from 5.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.1%. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 25% 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 • Feb 07+ 1 more updateKH Neochem Co., Ltd., Annual General Meeting, Mar 25, 2025KH Neochem Co., Ltd., Annual General Meeting, Mar 25, 2025.分析記事 • Dec 26KH Neochem's (TSE:4189) Dividend Will Be ¥45.00The board of KH Neochem Co., Ltd. ( TSE:4189 ) has announced that it will pay a dividend of ¥45.00 per share on the...Upcoming Dividend • Dec 20Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 27 March 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.6%).分析記事 • Dec 04KH Neochem (TSE:4189) Has Announced A Dividend Of ¥45.00The board of KH Neochem Co., Ltd. ( TSE:4189 ) has announced that it will pay a dividend on the 27th of March, with...お知らせ • Dec 04KH Neochem Co., Ltd. to Report Fiscal Year 2024 Results on Feb 07, 2025KH Neochem Co., Ltd. announced that they will report fiscal year 2024 results on Feb 07, 2025分析記事 • Nov 10The KH Neochem Co., Ltd. (TSE:4189) Third-Quarter Results Are Out And Analysts Have Published New ForecastsKH Neochem Co., Ltd. ( TSE:4189 ) came out with its quarterly results last week, and we wanted to see how the business...Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: JP¥43.55 (vs JP¥42.84 in 3Q 2023)Third quarter 2024 results: EPS: JP¥43.55 (up from JP¥42.84 in 3Q 2023). Revenue: JP¥30.9b (up 12% from 3Q 2023). Net income: JP¥1.61b (up 1.6% from 3Q 2023). Profit margin: 5.2% (down from 5.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.分析記事 • Sep 24KH Neochem (TSE:4189) Is Due To Pay A Dividend Of ¥45.00The board of KH Neochem Co., Ltd. ( TSE:4189 ) has announced that it will pay a dividend of ¥45.00 per share on the...分析記事 • Sep 10KH Neochem (TSE:4189) Has Announced A Dividend Of ¥45.00KH Neochem Co., Ltd.'s ( TSE:4189 ) investors are due to receive a payment of ¥45.00 per share on 27th of March. Based...お知らせ • Sep 10KH Neochem Co., Ltd. to Report Q3, 2024 Results on Nov 05, 2024KH Neochem Co., Ltd. announced that they will report Q3, 2024 results on Nov 05, 2024分析記事 • Aug 08KH Neochem (TSE:4189) Has Affirmed Its Dividend Of ¥45.00KH Neochem Co., Ltd. ( TSE:4189 ) has announced that it will pay a dividend of ¥45.00 per share on the 27th of March...Reported Earnings • Aug 07Second quarter 2024 earnings released: EPS: JP¥41.75 (vs JP¥42.99 in 2Q 2023)Second quarter 2024 results: EPS: JP¥41.75 (down from JP¥42.99 in 2Q 2023). Revenue: JP¥28.9b (flat on 2Q 2023). Net income: JP¥1.55b (down 3.0% from 2Q 2023). Profit margin: 5.3% (down from 5.5% in 2Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 22% 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.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to JP¥1,777, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Chemicals industry in Japan. Total loss to shareholders of 29% over the past three years.Declared Dividend • Aug 04Dividend of JP¥45.00 announcedShareholders will receive a dividend of JP¥45.00. Ex-date: 27th December 2024 Payment date: 27th March 2025 Dividend yield will be 4.6%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 8.6% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.分析記事 • Aug 02Is KH Neochem Co., Ltd. (TSE:4189) Potentially Undervalued?While KH Neochem Co., Ltd. ( TSE:4189 ) might not have the largest market cap around , it saw significant share price...分析記事 • May 11Earnings Report: KH Neochem Co., Ltd. Missed Revenue Estimates By 8.7%KH Neochem Co., Ltd. ( TSE:4189 ) shareholders are probably feeling a little disappointed, since its shares fell 3.9...Reported Earnings • May 09First quarter 2024 earnings released: EPS: JP¥47.62 (vs JP¥40.09 in 1Q 2023)First quarter 2024 results: EPS: JP¥47.62 (up from JP¥40.09 in 1Q 2023). Revenue: JP¥27.0b (down 6.1% from 1Q 2023). Net income: JP¥1.76b (up 19% from 1Q 2023). Profit margin: 6.5% (up from 5.2% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year.Declared Dividend • Apr 11Final dividend of JP¥45.00 announcedShareholders will receive a dividend of JP¥45.00. Ex-date: 27th June 2024 Payment date: 9th September 2024 Dividend yield will be 3.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 9.5% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover.Reported Earnings • Mar 30Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: JP¥184 (down from JP¥218 in FY 2022). Revenue: JP¥115.2b (flat on FY 2022). Net income: JP¥6.83b (down 15% from FY 2022). Profit margin: 5.9% (down from 7.0% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 6% per year.お知らせ • Mar 07KH Neochem Co., Ltd. to Report Q1, 2024 Results on May 08, 2024KH Neochem Co., Ltd. announced that they will report Q1, 2024 results on May 08, 2024Reported Earnings • Feb 08Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: JP¥184 (down from JP¥218 in FY 2022). Revenue: JP¥115.2b (flat on FY 2022). Net income: JP¥6.83b (down 15% from FY 2022). Profit margin: 5.9% (down from 7.0% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year.お知らせ • Jan 25KH Neochem Co., Ltd., Annual General Meeting, Mar 26, 2024KH Neochem Co., Ltd., Annual General Meeting, Mar 26, 2024. Agenda: to consider amendment to the Articles of Incorporation.Upcoming Dividend • Dec 21Upcoming dividend of JP¥45.00 per share at 3.9% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 27 March 2024. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.4%).お知らせ • Dec 05KH Neochem Co., Ltd. to Report Fiscal Year 2023 Results on Feb 06, 2024KH Neochem Co., Ltd. announced that they will report fiscal year 2023 results on Feb 06, 2024Major Estimate Revision • Nov 28Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥119.4b to JP¥114.8b. EPS estimate also fell from JP¥225 per share to JP¥184 per share. Net income forecast to grow 19% next year vs 13% growth forecast for Chemicals industry in Japan. Consensus price target down from JP¥3,125 to JP¥3,050. Share price was steady at JP¥2,292 over the past week.Price Target Changed • Nov 10Price target decreased by 9.1% to JP¥3,125Down from JP¥3,438, the current price target is an average from 4 analysts. New target price is 35% above last closing price of JP¥2,317. Stock is down 15% over the past year. The company is forecast to post earnings per share of JP¥230 for next year compared to JP¥218 last year.Reported Earnings • Nov 04Third quarter 2023 earnings released: EPS: JP¥42.84 (vs JP¥32.41 in 3Q 2022)Third quarter 2023 results: EPS: JP¥42.84 (up from JP¥32.41 in 3Q 2022). Revenue: JP¥27.7b (down 8.2% from 3Q 2022). Net income: JP¥1.59b (up 32% from 3Q 2022). Profit margin: 5.7% (up from 4.0% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.お知らせ • Oct 29KH Neochem Co., Ltd. Revises Earnings Guidance for the Fiscal Year Ending December 31, 2023KH Neochem Co., Ltd. revised earnings guidance for the fiscal year ending December 31, 2023. For the year, the company now expects net sales to be ¥114,800 million, operating income to be ¥10,000 million, net income attributable to owners of parent to be ¥6,900 million or Earnings per share to be ¥186.22 against net sales to be ¥118,400 million, operating income to be ¥13,000 million, net income attributable to owners of parent to be ¥8,900 million or Earnings per share to be ¥240.20.お知らせ • Sep 07KH Neochem Co., Ltd. to Report Q3, 2023 Results on Nov 02, 2023KH Neochem Co., Ltd. announced that they will report Q3, 2023 results on Nov 02, 2023Reported Earnings • Aug 08Second quarter 2023 earnings released: EPS: JP¥42.99 (vs JP¥27.88 in 2Q 2022)Second quarter 2023 results: EPS: JP¥42.99 (up from JP¥27.88 in 2Q 2022). Revenue: JP¥29.1b (up 27% from 2Q 2022). Net income: JP¥1.59b (up 54% from 2Q 2022). Profit margin: 5.5% (up from 4.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Jun 22Upcoming dividend of JP¥45.00 per share at 3.7% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 04 September 2023. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.5%).お知らせ • Jun 03KH Neochem Co., Ltd. to Report Q2, 2023 Results on Aug 04, 2023KH Neochem Co., Ltd. announced that they will report Q2, 2023 results on Aug 04, 2023Reported Earnings • May 10First quarter 2023 earnings released: EPS: JP¥40.09 (vs JP¥91.00 in 1Q 2022)First quarter 2023 results: EPS: JP¥40.09 (down from JP¥91.00 in 1Q 2022). Revenue: JP¥28.7b (down 3.8% from 1Q 2022). Net income: JP¥1.49b (down 56% from 1Q 2022). Profit margin: 5.2% (down from 11% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 29Full year 2022 earnings: Revenues miss analyst expectationsFull year 2022 results: Revenue: JP¥114.9b (down 1.9% from FY 2021). Net income: JP¥8.07b (down 41% from FY 2021). Profit margin: 7.0% (down from 12% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 1.2%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.Reported Earnings • Feb 12Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: JP¥218 (down from JP¥369 in FY 2021). Revenue: JP¥114.9b (down 1.9% from FY 2021). Net income: JP¥8.07b (down 41% from FY 2021). Profit margin: 7.0% (down from 12% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 2.9%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 09KH Neochem Co., Ltd., Annual General Meeting, Mar 24, 2023KH Neochem Co., Ltd., Annual General Meeting, Mar 24, 2023.お知らせ • Feb 08+ 2 more updatesKH Neochem Co., Ltd. Announces Cash Dividend for the Year Ended December 31, 2022, Payable on March 27, 2023KH Neochem Co., Ltd. announced cash dividend for the year ended December 31, 2022. For the year, the company announced dividend of JPY 42.50 against JPY 45.00 a year ago. The dividend will be payable on March 27, 2023.Upcoming Dividend • Dec 22Upcoming dividend of JP¥42.50 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 27 March 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.0%).お知らせ • Dec 07KH Neochem Co., Ltd. to Report Fiscal Year 2022 Results on Feb 07, 2023KH Neochem Co., Ltd. announced that they will report fiscal year 2022 results on Feb 07, 2023Major Estimate Revision • Nov 22Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from JP¥249 to JP¥224. Revenue forecast unchanged from JP¥116.1b at last update. Net income forecast to grow 16% next year vs 5.1% growth forecast for Chemicals industry in Japan. Consensus price target down from JP¥4,000 to JP¥3,867. Share price was steady at JP¥2,827 over the past week.Board Change • Nov 16Less 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. 4 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Sayoko Miyairi is the most experienced director on the board, commencing their role in 2019. Independent Outside Director Jun Tsuchiya was the last independent director to join the board, commencing their role in 2020. 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.Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: JP¥32.40 (vs JP¥120 in 3Q 2021)Third quarter 2022 results: EPS: JP¥32.40 (down from JP¥120 in 3Q 2021). Revenue: JP¥30.1b (down 4.1% from 3Q 2021). Net income: JP¥1.20b (down 73% from 3Q 2021). Profit margin: 4.0% (down from 14% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • Nov 07KH Neochem Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending December 31, 2022KH Neochem Co., Ltd. provided dividend guidance for the fiscal year ending December 31, 2022. For the year, the company expects to pay dividend of JPY 42.50 per share.お知らせ • Oct 28KH Neochem Co., Ltd. Revises Consolidated Earnings Guidance for the Year Ending December 31, 2022KH Neochem Co., Ltd. revised consolidated earnings guidance for the year ending December 31, 2022. For the year, the company expects net sales of ¥116,000 million compared to previous guidance of ¥123,300 million, operating income of ¥13,000 million compared to previous guidance of ¥16,100 million, net income attributable to owners of parent of ¥8,300 million and basic earnings per share of ¥223.85 compared to previous guidance of ¥11,500 million and basic earnings per share of ¥310.15.お知らせ • Aug 31KH Neochem Co., Ltd. to Report Q3, 2022 Results on Nov 07, 2022KH Neochem Co., Ltd. announced that they will report Q3, 2022 results on Nov 07, 2022Price Target Changed • Aug 26Price target decreased to JP¥4,133Down from JP¥4,450, the current price target is an average from 3 analysts. New target price is 65% above last closing price of JP¥2,507. Stock is down 17% over the past year. The company is forecast to post earnings per share of JP¥310 for next year compared to JP¥369 last year.Reported Earnings • Aug 05Second quarter 2022 earnings released: EPS: JP¥27.88 (vs JP¥90.03 in 2Q 2021)Second quarter 2022 results: EPS: JP¥27.88 (down from JP¥90.03 in 2Q 2021). Revenue: JP¥22.9b (down 20% from 2Q 2021). Net income: JP¥1.03b (down 69% from 2Q 2021). Profit margin: 4.5% (down from 12% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 6.7%, compared to a 9.8% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.お知らせ • Aug 05+ 2 more updatesKH Neochem Co., Ltd. Announces Dividend for the Second Quarter of the Year Ending December 31, 2022, Payable on September 2, 2022KH Neochem Co., Ltd. announced dividend of JPY 42.50 per share for the second quarter of the year ending December 31, 2022, payable on September 2, 2022 against JPY 30.00 per share paid a year ago.Upcoming Dividend • Jun 22Upcoming dividend of JP¥42.50 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 05 September 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.0%).お知らせ • Jun 02KH Neochem Co., Ltd. to Report Q2, 2022 Results on Aug 04, 2022KH Neochem Co., Ltd. announced that they will report Q2, 2022 results on Aug 04, 2022お知らせ • May 12+ 2 more updatesKh Neochem Co., Ltd. Provides Dividend Guidance for the Fiscal Ending December 31, 2022KH Neochem Co., Ltd. provides dividend guidance for the fiscal ending December 31, 2022. For the year, the company expects to pay JPY 42.50 against JPY 45.00 reported a year ago.Reported Earnings • May 11First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: JP¥91.00 (up from JP¥61.99 in 1Q 2021). Revenue: JP¥29.9b (up 25% from 1Q 2021). Net income: JP¥3.38b (up 47% from 1Q 2021). Profit margin: 11% (up from 9.6% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 1.1%, compared to a 7.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Jun Tsuchiya was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.お知らせ • Apr 08KH Neochem Co., Ltd. to Report Q1, 2022 Results on May 10, 2022KH Neochem Co., Ltd. announced that they will report Q1, 2022 results on May 10, 2022Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to JP¥2,425, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Chemicals industry in Japan. Total loss to shareholders of 6.6% over the past three years.Reported Earnings • Feb 08Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: JP¥369 (up from JP¥109 in FY 2020). Revenue: JP¥117.1b (up 51% from FY 2020). Net income: JP¥13.7b (up 238% from FY 2020). Profit margin: 12% (up from 5.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 2.9%, compared to a 6.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.お知らせ • Feb 07+ 3 more updatesKH Neochem Co., Ltd., Annual General Meeting, Mar 24, 2022KH Neochem Co., Ltd., Annual General Meeting, Mar 24, 2022.業績と収益の成長予測TSE:4189 - 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12/31/2028117,0009,900N/AN/A112/31/2027131,46711,30012,919N/A312/31/2026124,8339,70010,993N/A33/31/2026111,8707,379N/AN/AN/A12/31/2025115,0987,7998,98113,783N/A9/30/2025119,5639,064N/AN/AN/A6/30/2025122,5918,984-3167,625N/A3/31/2025121,5948,364N/AN/AN/A12/31/2024119,7588,360-1,6426,982N/A9/30/2024116,5217,082N/AN/AN/A6/30/2024113,3247,05713,23018,662N/A3/31/2024113,4657,104N/AN/AN/A12/31/2023115,2176,8267,94413,201N/A9/30/2023117,4807,128N/AN/AN/A6/30/2023119,9586,742-4,1463,322N/A3/31/2023113,7476,183N/AN/AN/A12/31/2022114,8808,073-5,3635,131N/A9/30/2022116,2109,225N/AN/AN/A6/30/2022117,48612,4594,24313,010N/A3/31/2022123,11514,766N/AN/AN/A12/31/2021117,11013,69112,99817,402N/A9/30/2021106,17711,771N/AN/AN/A6/30/202192,4477,9953,36211,000N/A3/31/202180,1594,944N/AN/AN/A12/31/202077,3324,046-4,2016,931N/A9/30/202078,0313,747N/AN/AN/A6/30/202083,2545,070-4307,475N/A3/31/202090,9906,054N/AN/AN/A12/31/201994,2096,917N/A10,962N/A9/30/2019100,5037,948N/AN/AN/A6/30/2019105,0427,385N/A12,147N/A3/31/2019102,7477,068N/AN/AN/A12/31/2018101,1996,737N/A7,707N/A9/30/201896,7485,941N/AN/AN/A6/30/201893,5046,998N/A10,014N/A3/31/201895,0698,048N/AN/AN/A12/31/201794,6618,167N/A12,971N/A9/30/201791,1698,044N/AN/AN/A6/30/201786,3587,190N/AN/AN/A3/31/201782,7936,625N/AN/AN/A12/31/201680,1636,013N/A2,681N/A12/31/2015103,4787,712N/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: 4189の予測収益成長率 (年間14.4% ) は 貯蓄率 ( 0.8% ) を上回っています。収益対市場: 4189の収益 ( 14.4% ) はJP市場 ( 8.9% ) よりも速いペースで成長すると予測されています。高成長収益: 4189の収益は増加すると予測されていますが、大幅には増加しません。収益対市場: 4189の収益 ( 4.2% ) JP市場 ( 5.2% ) よりも低い成長が予測されています。高い収益成長: 4189の収益 ( 4.2% ) 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: 4189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 ( 13.5 %)。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2026/05/20 03:59終値2026/05/20 00:00収益2026/03/31年間収益2025/12/31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本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、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。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KH Neochem Co., Ltd. 3 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。5 アナリスト機関Takayuki KuniiBofA Global ResearchYusuke MiuraDaiwa Securities Co. Ltd.Katsuhiko IshibashiIchiyoshi Research Institute Inc.2 その他のアナリストを表示
分析記事 • May 15KH Neochem Co., Ltd. Just Missed Earnings And Its Revenue Numbers Were Weaker Than ExpectedLast week saw the newest first-quarter earnings release from KH Neochem Co., Ltd. ( TSE:4189 ), an important milestone...
お知らせ • Jan 30+ 1 more updateKH Neochem Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 2026KH Neochem Co., Ltd. provided consolidated earnings guidance for the fiscal year ending December 2026. For the period, the company's consolidated operating profit is expected to be approximately JPY 13 billion, representing an increase compared to the fiscal year ending December 2025.
Price Target Changed • Feb 13Price target increased by 8.7% to JP¥2,900Up from JP¥2,667, the current price target is an average from 3 analysts. New target price is 16% above last closing price of JP¥2,507. Stock is up 12% over the past year. The company is forecast to post earnings per share of JP¥268 for next year compared to JP¥226 last year.
分析記事 • Nov 10The KH Neochem Co., Ltd. (TSE:4189) Third-Quarter Results Are Out And Analysts Have Published New ForecastsKH Neochem Co., Ltd. ( TSE:4189 ) came out with its quarterly results last week, and we wanted to see how the business...
分析記事 • May 11Earnings Report: KH Neochem Co., Ltd. Missed Revenue Estimates By 8.7%KH Neochem Co., Ltd. ( TSE:4189 ) shareholders are probably feeling a little disappointed, since its shares fell 3.9...
Major Estimate Revision • Nov 28Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥119.4b to JP¥114.8b. EPS estimate also fell from JP¥225 per share to JP¥184 per share. Net income forecast to grow 19% next year vs 13% growth forecast for Chemicals industry in Japan. Consensus price target down from JP¥3,125 to JP¥3,050. Share price was steady at JP¥2,292 over the past week.
分析記事 • May 15KH Neochem Co., Ltd. Just Missed Earnings And Its Revenue Numbers Were Weaker Than ExpectedLast week saw the newest first-quarter earnings release from KH Neochem Co., Ltd. ( TSE:4189 ), an important milestone...
Reported Earnings • May 12First quarter 2026 earnings released: EPS: JP¥38.51 (vs JP¥47.96 in 1Q 2025)First quarter 2026 results: EPS: JP¥38.51 (down from JP¥47.96 in 1Q 2025). Revenue: JP¥25.6b (down 11% from 1Q 2025). Net income: JP¥1.35b (down 24% from 1Q 2025). Profit margin: 5.3% (down from 6.1% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 10% per year whereas the company’s share price has increased by 5% per year.
Declared Dividend • Apr 11Final dividend of JP¥55.00 announcedShareholders will receive a dividend of JP¥55.00. Ex-date: 29th June 2026 Payment date: 7th September 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (48% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 10% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 46% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Board Change • Apr 01High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. Director Tarou Hasuo was the last director to join the board, commencing their role in 2026. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
お知らせ • Mar 12KH Neochem Co., Ltd. to Report Q1, 2026 Results on May 11, 2026KH Neochem Co., Ltd. announced that they will report Q1, 2026 results on May 11, 2026
Reported Earnings • Feb 07Full year 2025 earnings: EPS and revenues miss analyst expectationsFull year 2025 results: EPS: JP¥218 (down from JP¥226 in FY 2024). Revenue: JP¥115.1b (down 3.9% from FY 2024). Net income: JP¥7.80b (down 6.7% from FY 2024). Profit margin: 6.8% (down from 7.0% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 5.9%. Earnings per share (EPS) also missed analyst estimates by 21%. Revenue is forecast to grow 8.7% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 06KH Neochem Co., Ltd., Annual General Meeting, Mar 26, 2026KH Neochem Co., Ltd., Annual General Meeting, Mar 26, 2026.
お知らせ • Jan 30+ 1 more updateKH Neochem Co., Ltd. Provides Consolidated Earnings Guidance for the Fiscal Year Ending December 2026KH Neochem Co., Ltd. provided consolidated earnings guidance for the fiscal year ending December 2026. For the period, the company's consolidated operating profit is expected to be approximately JPY 13 billion, representing an increase compared to the fiscal year ending December 2025.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥52.50 per shareEligible shareholders must have bought the stock before 29 December 2025. Payment date: 26 March 2026. Payout ratio is a comfortable 39% but the company is not cash flow positive. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%).
分析記事 • Dec 04KH Neochem (TSE:4189) Has Announced A Dividend Of ¥52.50KH Neochem Co., Ltd.'s ( TSE:4189 ) investors are due to receive a payment of ¥52.50 per share on 26th of March. This...
お知らせ • Dec 04KH Neochem Co., Ltd. to Report Fiscal Year 2025 Results on Feb 06, 2026KH Neochem Co., Ltd. announced that they will report fiscal year 2025 results at 3:00 PM, Tokyo Standard Time on Feb 06, 2026
分析記事 • Nov 11KH Neochem (TSE:4189) Has Announced A Dividend Of ¥52.50KH Neochem Co., Ltd.'s ( TSE:4189 ) investors are due to receive a payment of ¥52.50 per share on 26th of March. This...
Reported Earnings • Nov 07Third quarter 2025 earnings released: EPS: JP¥48.04 (vs JP¥43.55 in 3Q 2024)Third quarter 2025 results: EPS: JP¥48.04 (up from JP¥43.55 in 3Q 2024). Revenue: JP¥27.8b (down 9.8% from 3Q 2024). Net income: JP¥1.69b (up 5.0% from 3Q 2024). Profit margin: 6.1% (up from 5.2% in 3Q 2024). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.
分析記事 • Sep 06KH Neochem (TSE:4189) Will Pay A Dividend Of ¥52.50The board of KH Neochem Co., Ltd. ( TSE:4189 ) has announced that it will pay a dividend of ¥52.50 per share on the...
Declared Dividend • Sep 06First half dividend of JP¥52.50 announcedShareholders will receive a dividend of JP¥52.50. Ex-date: 29th December 2025 Payment date: 26th March 2026 Dividend yield will be 3.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (40% 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 9.5% per year over the past 9 years and payments have been stable during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
お知らせ • Sep 02KH Neochem Co., Ltd. to Report Q3, 2025 Results on Nov 05, 2025KH Neochem Co., Ltd. announced that they will report Q3, 2025 results on Nov 05, 2025
Reported Earnings • Aug 05Second quarter 2025 earnings released: EPS: JP¥60.29 (vs JP¥41.75 in 2Q 2024)Second quarter 2025 results: EPS: JP¥60.29 (up from JP¥41.75 in 2Q 2024). Revenue: JP¥29.9b (up 3.4% from 2Q 2024). Net income: JP¥2.17b (up 40% from 2Q 2024). Profit margin: 7.2% (up from 5.3% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings.
お知らせ • Aug 04+ 1 more updateKH Neochem Co., Ltd. Announces Dividend for the Second Quarter-End of the Fiscal Year Ending December 31, 2025, Payable on September 5, 2025KH Neochem Co., Ltd. announced dividend for the second quarter-end of the fiscal year ending December 31, 2025. For the second quarter, the company announced dividend of JPY 52.50 per share against JPY 45.00 per share a year ago. Scheduled date to commence dividend payments is September 5, 2025.
分析記事 • Jun 16KH Neochem's (TSE:4189) Dividend Will Be Increased To ¥52.50KH Neochem Co., Ltd. ( TSE:4189 ) will increase its dividend from last year's comparable payment on the 8th of...
お知らせ • Jun 09KH Neochem Co., Ltd. to Report Q2, 2025 Results on Aug 04, 2025KH Neochem Co., Ltd. announced that they will report Q2, 2025 results on Aug 04, 2025
分析記事 • Jun 01KH Neochem (TSE:4189) Will Pay A Larger Dividend Than Last Year At ¥52.50KH Neochem Co., Ltd. ( TSE:4189 ) will increase its dividend from last year's comparable payment on the 8th of...
Reported Earnings • May 09First quarter 2025 earnings released: EPS: JP¥47.96 (vs JP¥47.62 in 1Q 2024)First quarter 2025 results: EPS: JP¥47.96 (up from JP¥47.62 in 1Q 2024). Revenue: JP¥28.8b (up 6.8% from 1Q 2024). Net income: JP¥1.77b (flat on 1Q 2024). Profit margin: 6.1% (down from 6.5% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings.
Declared Dividend • Apr 11Final dividend of JP¥52.50 announcedShareholders will receive a dividend of JP¥52.50. Ex-date: 27th June 2025 Payment date: 8th September 2025 Dividend yield will be 4.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (40% 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 11% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 52% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Valuation Update With 7 Day Price Move • Apr 07Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to JP¥2,117, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 10x in the Chemicals industry in Japan. Total loss to shareholders of 5.3% over the past three years.
Reported Earnings • Mar 28Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥226 (up from JP¥184 in FY 2023). Revenue: JP¥119.8b (up 3.9% from FY 2023). Net income: JP¥8.36b (up 23% from FY 2023). Profit margin: 7.0% (up from 5.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.1%. Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 25% 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 • Mar 05KH Neochem Co., Ltd. to Report Q1, 2025 Results on May 08, 2025KH Neochem Co., Ltd. announced that they will report Q1, 2025 results on May 08, 2025
Price Target Changed • Feb 13Price target increased by 8.7% to JP¥2,900Up from JP¥2,667, the current price target is an average from 3 analysts. New target price is 16% above last closing price of JP¥2,507. Stock is up 12% over the past year. The company is forecast to post earnings per share of JP¥268 for next year compared to JP¥226 last year.
New Risk • Feb 12New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 3.7% 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.
分析記事 • Feb 10KH Neochem Co., Ltd.'s (TSE:4189) Shares Leap 26% Yet They're Still Not Telling The Full StoryThe KH Neochem Co., Ltd. ( TSE:4189 ) share price has done very well over the last month, posting an excellent gain of...
分析記事 • Feb 09Investors Met With Slowing Returns on Capital At KH Neochem (TSE:4189)If we want to find a potential multi-bagger, often there are underlying trends that can provide clues. Amongst other...
Reported Earnings • Feb 08Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: JP¥226 (up from JP¥184 in FY 2023). Revenue: JP¥119.8b (up 3.9% from FY 2023). Net income: JP¥8.36b (up 23% from FY 2023). Profit margin: 7.0% (up from 5.9% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 4.1%. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 25% 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 • Feb 07+ 1 more updateKH Neochem Co., Ltd., Annual General Meeting, Mar 25, 2025KH Neochem Co., Ltd., Annual General Meeting, Mar 25, 2025.
分析記事 • Dec 26KH Neochem's (TSE:4189) Dividend Will Be ¥45.00The board of KH Neochem Co., Ltd. ( TSE:4189 ) has announced that it will pay a dividend of ¥45.00 per share on the...
Upcoming Dividend • Dec 20Upcoming dividend of JP¥45.00 per shareEligible shareholders must have bought the stock before 27 December 2024. Payment date: 27 March 2025. Payout ratio is a comfortable 24% and this is well supported by cash flows. Trailing yield: 4.5%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.6%).
分析記事 • Dec 04KH Neochem (TSE:4189) Has Announced A Dividend Of ¥45.00The board of KH Neochem Co., Ltd. ( TSE:4189 ) has announced that it will pay a dividend on the 27th of March, with...
お知らせ • Dec 04KH Neochem Co., Ltd. to Report Fiscal Year 2024 Results on Feb 07, 2025KH Neochem Co., Ltd. announced that they will report fiscal year 2024 results on Feb 07, 2025
分析記事 • Nov 10The KH Neochem Co., Ltd. (TSE:4189) Third-Quarter Results Are Out And Analysts Have Published New ForecastsKH Neochem Co., Ltd. ( TSE:4189 ) came out with its quarterly results last week, and we wanted to see how the business...
Reported Earnings • Nov 08Third quarter 2024 earnings released: EPS: JP¥43.55 (vs JP¥42.84 in 3Q 2023)Third quarter 2024 results: EPS: JP¥43.55 (up from JP¥42.84 in 3Q 2023). Revenue: JP¥30.9b (up 12% from 3Q 2023). Net income: JP¥1.61b (up 1.6% from 3Q 2023). Profit margin: 5.2% (down from 5.7% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.1% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 15% per year, which means it has not declined as severely as earnings.
分析記事 • Sep 24KH Neochem (TSE:4189) Is Due To Pay A Dividend Of ¥45.00The board of KH Neochem Co., Ltd. ( TSE:4189 ) has announced that it will pay a dividend of ¥45.00 per share on the...
分析記事 • Sep 10KH Neochem (TSE:4189) Has Announced A Dividend Of ¥45.00KH Neochem Co., Ltd.'s ( TSE:4189 ) investors are due to receive a payment of ¥45.00 per share on 27th of March. Based...
お知らせ • Sep 10KH Neochem Co., Ltd. to Report Q3, 2024 Results on Nov 05, 2024KH Neochem Co., Ltd. announced that they will report Q3, 2024 results on Nov 05, 2024
分析記事 • Aug 08KH Neochem (TSE:4189) Has Affirmed Its Dividend Of ¥45.00KH Neochem Co., Ltd. ( TSE:4189 ) has announced that it will pay a dividend of ¥45.00 per share on the 27th of March...
Reported Earnings • Aug 07Second quarter 2024 earnings released: EPS: JP¥41.75 (vs JP¥42.99 in 2Q 2023)Second quarter 2024 results: EPS: JP¥41.75 (down from JP¥42.99 in 2Q 2023). Revenue: JP¥28.9b (flat on 2Q 2023). Net income: JP¥1.55b (down 3.0% from 2Q 2023). Profit margin: 5.3% (down from 5.5% in 2Q 2023). Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 22% 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.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to JP¥1,777, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Chemicals industry in Japan. Total loss to shareholders of 29% over the past three years.
Declared Dividend • Aug 04Dividend of JP¥45.00 announcedShareholders will receive a dividend of JP¥45.00. Ex-date: 27th December 2024 Payment date: 27th March 2025 Dividend yield will be 4.6%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (47% earnings payout ratio) and cash flows (42% cash payout ratio). The dividend has increased by an average of 8.6% per year over the past 8 years and payments have been stable during that time. EPS is expected to grow by 49% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • Aug 02Is KH Neochem Co., Ltd. (TSE:4189) Potentially Undervalued?While KH Neochem Co., Ltd. ( TSE:4189 ) might not have the largest market cap around , it saw significant share price...
分析記事 • May 11Earnings Report: KH Neochem Co., Ltd. Missed Revenue Estimates By 8.7%KH Neochem Co., Ltd. ( TSE:4189 ) shareholders are probably feeling a little disappointed, since its shares fell 3.9...
Reported Earnings • May 09First quarter 2024 earnings released: EPS: JP¥47.62 (vs JP¥40.09 in 1Q 2023)First quarter 2024 results: EPS: JP¥47.62 (up from JP¥40.09 in 1Q 2023). Revenue: JP¥27.0b (down 6.1% from 1Q 2023). Net income: JP¥1.76b (up 19% from 1Q 2023). Profit margin: 6.5% (up from 5.2% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 9% per year.
Declared Dividend • Apr 11Final dividend of JP¥45.00 announcedShareholders will receive a dividend of JP¥45.00. Ex-date: 27th June 2024 Payment date: 9th September 2024 Dividend yield will be 3.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (45% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 9.5% per year over the past 7 years and payments have been stable during that time. EPS is expected to grow by 51% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
Reported Earnings • Mar 30Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: JP¥184 (down from JP¥218 in FY 2022). Revenue: JP¥115.2b (flat on FY 2022). Net income: JP¥6.83b (down 15% from FY 2022). Profit margin: 5.9% (down from 7.0% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year whereas the company’s share price has fallen by 6% per year.
お知らせ • Mar 07KH Neochem Co., Ltd. to Report Q1, 2024 Results on May 08, 2024KH Neochem Co., Ltd. announced that they will report Q1, 2024 results on May 08, 2024
Reported Earnings • Feb 08Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: JP¥184 (down from JP¥218 in FY 2022). Revenue: JP¥115.2b (flat on FY 2022). Net income: JP¥6.83b (down 15% from FY 2022). Profit margin: 5.9% (down from 7.0% in FY 2022). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 3% per year and the company’s share price has also fallen by 3% per year.
お知らせ • Jan 25KH Neochem Co., Ltd., Annual General Meeting, Mar 26, 2024KH Neochem Co., Ltd., Annual General Meeting, Mar 26, 2024. Agenda: to consider amendment to the Articles of Incorporation.
Upcoming Dividend • Dec 21Upcoming dividend of JP¥45.00 per share at 3.9% yieldEligible shareholders must have bought the stock before 28 December 2023. Payment date: 27 March 2024. Payout ratio is a comfortable 45% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.4%).
お知らせ • Dec 05KH Neochem Co., Ltd. to Report Fiscal Year 2023 Results on Feb 06, 2024KH Neochem Co., Ltd. announced that they will report fiscal year 2023 results on Feb 06, 2024
Major Estimate Revision • Nov 28Consensus EPS estimates fall by 19%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥119.4b to JP¥114.8b. EPS estimate also fell from JP¥225 per share to JP¥184 per share. Net income forecast to grow 19% next year vs 13% growth forecast for Chemicals industry in Japan. Consensus price target down from JP¥3,125 to JP¥3,050. Share price was steady at JP¥2,292 over the past week.
Price Target Changed • Nov 10Price target decreased by 9.1% to JP¥3,125Down from JP¥3,438, the current price target is an average from 4 analysts. New target price is 35% above last closing price of JP¥2,317. Stock is down 15% over the past year. The company is forecast to post earnings per share of JP¥230 for next year compared to JP¥218 last year.
Reported Earnings • Nov 04Third quarter 2023 earnings released: EPS: JP¥42.84 (vs JP¥32.41 in 3Q 2022)Third quarter 2023 results: EPS: JP¥42.84 (up from JP¥32.41 in 3Q 2022). Revenue: JP¥27.7b (down 8.2% from 3Q 2022). Net income: JP¥1.59b (up 32% from 3Q 2022). Profit margin: 5.7% (up from 4.0% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 4.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings.
お知らせ • Oct 29KH Neochem Co., Ltd. Revises Earnings Guidance for the Fiscal Year Ending December 31, 2023KH Neochem Co., Ltd. revised earnings guidance for the fiscal year ending December 31, 2023. For the year, the company now expects net sales to be ¥114,800 million, operating income to be ¥10,000 million, net income attributable to owners of parent to be ¥6,900 million or Earnings per share to be ¥186.22 against net sales to be ¥118,400 million, operating income to be ¥13,000 million, net income attributable to owners of parent to be ¥8,900 million or Earnings per share to be ¥240.20.
お知らせ • Sep 07KH Neochem Co., Ltd. to Report Q3, 2023 Results on Nov 02, 2023KH Neochem Co., Ltd. announced that they will report Q3, 2023 results on Nov 02, 2023
Reported Earnings • Aug 08Second quarter 2023 earnings released: EPS: JP¥42.99 (vs JP¥27.88 in 2Q 2022)Second quarter 2023 results: EPS: JP¥42.99 (up from JP¥27.88 in 2Q 2022). Revenue: JP¥29.1b (up 27% from 2Q 2022). Net income: JP¥1.59b (up 54% from 2Q 2022). Profit margin: 5.5% (up from 4.5% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.5% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥45.00 per share at 3.7% yieldEligible shareholders must have bought the stock before 29 June 2023. Payment date: 04 September 2023. Payout ratio is a comfortable 51% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.5%).
お知らせ • Jun 03KH Neochem Co., Ltd. to Report Q2, 2023 Results on Aug 04, 2023KH Neochem Co., Ltd. announced that they will report Q2, 2023 results on Aug 04, 2023
Reported Earnings • May 10First quarter 2023 earnings released: EPS: JP¥40.09 (vs JP¥91.00 in 1Q 2022)First quarter 2023 results: EPS: JP¥40.09 (down from JP¥91.00 in 1Q 2022). Revenue: JP¥28.7b (down 3.8% from 1Q 2022). Net income: JP¥1.49b (down 56% from 1Q 2022). Profit margin: 5.2% (down from 11% in 1Q 2022). The decrease in margin was primarily driven by lower revenue. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 29Full year 2022 earnings: Revenues miss analyst expectationsFull year 2022 results: Revenue: JP¥114.9b (down 1.9% from FY 2021). Net income: JP¥8.07b (down 41% from FY 2021). Profit margin: 7.0% (down from 12% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 1.2%. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 38% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Feb 12Full year 2022 earnings: EPS and revenues miss analyst expectationsFull year 2022 results: EPS: JP¥218 (down from JP¥369 in FY 2021). Revenue: JP¥114.9b (down 1.9% from FY 2021). Net income: JP¥8.07b (down 41% from FY 2021). Profit margin: 7.0% (down from 12% in FY 2021). The decrease in margin was primarily driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 2.9%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 09KH Neochem Co., Ltd., Annual General Meeting, Mar 24, 2023KH Neochem Co., Ltd., Annual General Meeting, Mar 24, 2023.
お知らせ • Feb 08+ 2 more updatesKH Neochem Co., Ltd. Announces Cash Dividend for the Year Ended December 31, 2022, Payable on March 27, 2023KH Neochem Co., Ltd. announced cash dividend for the year ended December 31, 2022. For the year, the company announced dividend of JPY 42.50 against JPY 45.00 a year ago. The dividend will be payable on March 27, 2023.
Upcoming Dividend • Dec 22Upcoming dividend of JP¥42.50 per shareEligible shareholders must have bought the stock before 29 December 2022. Payment date: 27 March 2023. Payout ratio is a comfortable 35% and this is well supported by cash flows. Trailing yield: 3.2%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.0%).
お知らせ • Dec 07KH Neochem Co., Ltd. to Report Fiscal Year 2022 Results on Feb 07, 2023KH Neochem Co., Ltd. announced that they will report fiscal year 2022 results on Feb 07, 2023
Major Estimate Revision • Nov 22Consensus forecasts updatedThe consensus outlook for 2022 has been updated. 2022 EPS estimate fell from JP¥249 to JP¥224. Revenue forecast unchanged from JP¥116.1b at last update. Net income forecast to grow 16% next year vs 5.1% growth forecast for Chemicals industry in Japan. Consensus price target down from JP¥4,000 to JP¥3,867. Share price was steady at JP¥2,827 over the past week.
Board Change • Nov 16Less 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. 4 experienced directors. No highly experienced directors. 3 independent directors (5 non-independent directors). Independent Outside Director Sayoko Miyairi is the most experienced director on the board, commencing their role in 2019. Independent Outside Director Jun Tsuchiya was the last independent director to join the board, commencing their role in 2020. 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.
Reported Earnings • Nov 09Third quarter 2022 earnings released: EPS: JP¥32.40 (vs JP¥120 in 3Q 2021)Third quarter 2022 results: EPS: JP¥32.40 (down from JP¥120 in 3Q 2021). Revenue: JP¥30.1b (down 4.1% from 3Q 2021). Net income: JP¥1.20b (down 73% from 3Q 2021). Profit margin: 4.0% (down from 14% in 3Q 2021). The decrease in margin was primarily driven by higher expenses. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Nov 07KH Neochem Co., Ltd. Provides Dividend Guidance for the Fiscal Year Ending December 31, 2022KH Neochem Co., Ltd. provided dividend guidance for the fiscal year ending December 31, 2022. For the year, the company expects to pay dividend of JPY 42.50 per share.
お知らせ • Oct 28KH Neochem Co., Ltd. Revises Consolidated Earnings Guidance for the Year Ending December 31, 2022KH Neochem Co., Ltd. revised consolidated earnings guidance for the year ending December 31, 2022. For the year, the company expects net sales of ¥116,000 million compared to previous guidance of ¥123,300 million, operating income of ¥13,000 million compared to previous guidance of ¥16,100 million, net income attributable to owners of parent of ¥8,300 million and basic earnings per share of ¥223.85 compared to previous guidance of ¥11,500 million and basic earnings per share of ¥310.15.
お知らせ • Aug 31KH Neochem Co., Ltd. to Report Q3, 2022 Results on Nov 07, 2022KH Neochem Co., Ltd. announced that they will report Q3, 2022 results on Nov 07, 2022
Price Target Changed • Aug 26Price target decreased to JP¥4,133Down from JP¥4,450, the current price target is an average from 3 analysts. New target price is 65% above last closing price of JP¥2,507. Stock is down 17% over the past year. The company is forecast to post earnings per share of JP¥310 for next year compared to JP¥369 last year.
Reported Earnings • Aug 05Second quarter 2022 earnings released: EPS: JP¥27.88 (vs JP¥90.03 in 2Q 2021)Second quarter 2022 results: EPS: JP¥27.88 (down from JP¥90.03 in 2Q 2021). Revenue: JP¥22.9b (down 20% from 2Q 2021). Net income: JP¥1.03b (down 69% from 2Q 2021). Profit margin: 4.5% (down from 12% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is forecast to grow 6.7%, compared to a 9.8% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth.
お知らせ • Aug 05+ 2 more updatesKH Neochem Co., Ltd. Announces Dividend for the Second Quarter of the Year Ending December 31, 2022, Payable on September 2, 2022KH Neochem Co., Ltd. announced dividend of JPY 42.50 per share for the second quarter of the year ending December 31, 2022, payable on September 2, 2022 against JPY 30.00 per share paid a year ago.
Upcoming Dividend • Jun 22Upcoming dividend of JP¥42.50 per shareEligible shareholders must have bought the stock before 29 June 2022. Payment date: 05 September 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (3.0%).
お知らせ • Jun 02KH Neochem Co., Ltd. to Report Q2, 2022 Results on Aug 04, 2022KH Neochem Co., Ltd. announced that they will report Q2, 2022 results on Aug 04, 2022
お知らせ • May 12+ 2 more updatesKh Neochem Co., Ltd. Provides Dividend Guidance for the Fiscal Ending December 31, 2022KH Neochem Co., Ltd. provides dividend guidance for the fiscal ending December 31, 2022. For the year, the company expects to pay JPY 42.50 against JPY 45.00 reported a year ago.
Reported Earnings • May 11First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: JP¥91.00 (up from JP¥61.99 in 1Q 2021). Revenue: JP¥29.9b (up 25% from 1Q 2021). Net income: JP¥3.38b (up 47% from 1Q 2021). Profit margin: 11% (up from 9.6% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 1.1%, compared to a 7.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings.
Board Change • Apr 27Less than half of directors are independentThere are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Jun Tsuchiya was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.
お知らせ • Apr 08KH Neochem Co., Ltd. to Report Q1, 2022 Results on May 10, 2022KH Neochem Co., Ltd. announced that they will report Q1, 2022 results on May 10, 2022
Valuation Update With 7 Day Price Move • Mar 09Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to JP¥2,425, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 8x in the Chemicals industry in Japan. Total loss to shareholders of 6.6% over the past three years.
Reported Earnings • Feb 08Full year 2021 earnings: EPS exceeds analyst expectationsFull year 2021 results: EPS: JP¥369 (up from JP¥109 in FY 2020). Revenue: JP¥117.1b (up 51% from FY 2020). Net income: JP¥13.7b (up 238% from FY 2020). Profit margin: 12% (up from 5.2% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.9%. Over the next year, revenue is forecast to grow 2.9%, compared to a 6.6% growth forecast for the industry in Japan. Over the last 3 years on average, earnings per share has increased by 15% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth.
お知らせ • Feb 07+ 3 more updatesKH Neochem Co., Ltd., Annual General Meeting, Mar 24, 2022KH Neochem Co., Ltd., Annual General Meeting, Mar 24, 2022.