Zeon（4205）株式概要日本、北米、欧州、アジアでエラストマー材料、特殊材料などの事業を展開。 詳細4205 ファンダメンタル分析スノーフレーク・スコア評価5/6将来の成長0/6過去の実績4/6財務の健全性6/6配当金4/6報酬当社が推定した公正価値より26.8%で取引されている 過去1年間で収益は38.3%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0.6%減少すると予測されている。 3.26%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 財務結果に影響を与える大きな一時的項目 すべてのリスクチェックを見る4205 Community Fair Values Create NarrativeSee what others think this stock is worth. Follow their fair value or set your own to get alerts.Your Fair ValueJP¥Current PriceJP¥2.42k4.4% 割安 内在価値ディスカウントGrowth estimate overAnnual revenue growth rate5 Yearstime period%/yrDecreaseIncreasePastFuture0478b2016201920222025202620282031Revenue JP¥478.3bEarnings JP¥42.1bAdvancedSet Fair ValueView all narrativesZeon Corporation 競合他社LINTECSymbol: TSE:7966Market cap: JP¥440.0bAdekaSymbol: TSE:4401Market cap: JP¥422.1bKuraraySymbol: TSE:3405Market cap: JP¥511.9bDenkaSymbol: TSE:4061Market cap: JP¥376.5b価格と性能株価の高値、安値、推移の概要Zeon過去の株価現在の株価JP¥2,424.5052週高値JP¥2,455.0052週安値JP¥1,435.50ベータ0.401ヶ月の変化11.27%3ヶ月変化32.41%1年変化67.61%3年間の変化73.55%5年間の変化58.88%IPOからの変化340.02%最新ニュースお知らせ • Jun 19Zeon Corporation to Report Q1, 2027 Results on Jul 29, 2026Zeon Corporation announced that they will report Q1, 2027 results on Jul 29, 2026New Risk • May 31New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 97% Dividend yield: 3.6% 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (97% cash payout ratio). Large one-off items impacting financial results.分析記事 • May 20Concerns Surrounding Zeon's (TSE:4205) PerformanceThe market for Zeon Corporation's ( TSE:4205 ) stock was strong after it released a healthy earnings report last week...Reported Earnings • May 14Full year 2026 earnings: EPS exceeds analyst expectationsFull year 2026 results: EPS: JP¥187 (up from JP¥127 in FY 2025). Revenue: JP¥412.0b (down 2.1% from FY 2025). Net income: JP¥36.2b (up 38% from FY 2025). Profit margin: 8.8% (up from 6.2% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.お知らせ • May 14Zeon Corporation, Annual General Meeting, Jun 26, 2026Zeon Corporation, Annual General Meeting, Jun 26, 2026.お知らせ • May 13Natoco Co., Ltd. (TSE:4627) signed a letter of intent to acquire Tohpe Corporation from Zeon Corporation (TSE:4205).Natoco Co., Ltd. (TSE:4627) signed a letter of intent to acquire Tohpe Corporation from Zeon Corporation (TSE:4205) on May 11, 2026. A cash consideration of ¥2.19 billion will be paid by Natoco Co., Ltd. As part of consideration, ¥2.19 billion is paid towards common equity of Tohpe Corporation. Natoco Co., Ltd. has resolved to enter into a stock transfer agreement. The expected completion of the transaction is November 2, 2026.最新情報をもっと見るRecent updatesお知らせ • Jun 19Zeon Corporation to Report Q1, 2027 Results on Jul 29, 2026Zeon Corporation announced that they will report Q1, 2027 results on Jul 29, 2026New Risk • May 31New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 97% Dividend yield: 3.6% 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (97% cash payout ratio). Large one-off items impacting financial results.分析記事 • May 20Concerns Surrounding Zeon's (TSE:4205) PerformanceThe market for Zeon Corporation's ( TSE:4205 ) stock was strong after it released a healthy earnings report last week...Reported Earnings • May 14Full year 2026 earnings: EPS exceeds analyst expectationsFull year 2026 results: EPS: JP¥187 (up from JP¥127 in FY 2025). Revenue: JP¥412.0b (down 2.1% from FY 2025). Net income: JP¥36.2b (up 38% from FY 2025). Profit margin: 8.8% (up from 6.2% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.お知らせ • May 14Zeon Corporation, Annual General Meeting, Jun 26, 2026Zeon Corporation, Annual General Meeting, Jun 26, 2026.お知らせ • May 13Natoco Co., Ltd. (TSE:4627) signed a letter of intent to acquire Tohpe Corporation from Zeon Corporation (TSE:4205).Natoco Co., Ltd. (TSE:4627) signed a letter of intent to acquire Tohpe Corporation from Zeon Corporation (TSE:4205) on May 11, 2026. A cash consideration of ¥2.19 billion will be paid by Natoco Co., Ltd. As part of consideration, ¥2.19 billion is paid towards common equity of Tohpe Corporation. Natoco Co., Ltd. has resolved to enter into a stock transfer agreement. The expected completion of the transaction is November 2, 2026.ライブニュース • May 13Zeon Net Income Surges 38% as Dividend Rises Despite Sales DropZeon reported a 38% rise in net income for FY2026, supported by growth in specialty materials and cost reduction efforts, even as sales declined 2%. Operating cash flow was about 3x higher year over year, supporting a higher dividend payout, with the total annual dividend lifted to 76 yen per share and the year-end dividend raised to 40 yen. For FY2027, the company is guiding for slightly lower sales and ordinary profit while aiming for continued growth in operating profit and stable earnings per share, backed by a focus on margins and investments in specialty materials and battery technology. The mix of higher profitability, stronger cash generation and a higher dividend points to a business that is prioritizing return on capital and capital discipline even with softer top-line expectations. You should watch how Zeon executes on its specialty materials and battery-related plans, since any delays or higher investment needs could affect margins, cash flow and the company’s ability to maintain its current dividend stance.Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥2,238, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Chemicals industry in Japan. Total returns to shareholders of 66% over the past three years.お知らせ • Apr 04Zeon Corporation to Report Fiscal Year 2026 Results on May 13, 2026Zeon Corporation announced that they will report fiscal year 2026 results on May 13, 2026Upcoming Dividend • Mar 23Upcoming dividend of JP¥36.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%).分析記事 • Feb 03Zeon Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen NextZeon Corporation ( TSE:4205 ) shareholders are probably feeling a little disappointed, since its shares fell 2.6% to...Reported Earnings • Jan 31Third quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2026 results: EPS: JP¥31.27 (down from JP¥38.48 in 3Q 2025). Revenue: JP¥103.2b (up 1.1% from 3Q 2025). Net income: JP¥6.02b (down 23% from 3Q 2025). Profit margin: 5.8% (down from 7.7% in 3Q 2025). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 53%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 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 36% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.分析記事 • Jan 30Zeon's (TSE:4205) Dividend Will Be ¥36.00Zeon Corporation ( TSE:4205 ) has announced that it will pay a dividend of ¥36.00 per share on the 30th of June. This...お知らせ • Jan 30Zeon Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026Zeon Corporation revised consolidated earnings guidance for the Fiscal year ending March 31, 2026. For the year, the company expects net sales to be JPY 407,500 million, Operating profit to be JPY 31,000 million, Profit attributable to owners of the parent to be JPY 31,500 million and basic earnings per share to be JPY 162.32 as compared to net sales to be JPY 415,000 million, Operating profit to be JPY 30,500 million, Profit attributable to owners of the parent to be JPY 28,000 million and basic earnings per share to be JPY 144.17 in the previous guidance. While net sales in the Elastomer Business Segment are expected to decrease due to a decline in selling prices resulting from lower raw material prices, net sales and operating profit in the Specialty Material Business Segment are expected to increase, reflecting steady demand for optical films used in large-screen televisions as well as battery materials. In addition, due to the incorporation of the continued depreciation of the yen against the initially assumed exchange rates, ordinary profit and profit attributable to owners of the parent are expected to exceed the previously announced forecast. Accordingly, the forecast has been revised as described above.分析記事 • Dec 20Zeon (TSE:4205) Has Announced A Dividend Of ¥36.00The board of Zeon Corporation ( TSE:4205 ) has announced that it will pay a dividend on the 30th of June, with...お知らせ • Dec 16Zeon Corporation to Report Q3, 2026 Results on Jan 30, 2026Zeon Corporation announced that they will report Q3, 2026 results on Jan 30, 2026分析記事 • Dec 06Zeon (TSE:4205) Will Pay A Dividend Of ¥36.00Zeon Corporation ( TSE:4205 ) will pay a dividend of ¥36.00 on the 30th of June. This makes the dividend yield 4.2...Declared Dividend • Dec 06First half dividend of JP¥36.00 announcedShareholders will receive a dividend of JP¥36.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 4.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend.分析記事 • Nov 06We Think That There Are Some Issues For Zeon (TSE:4205) Beyond Its Promising EarningsZeon Corporation's ( TSE:4205 ) robust recent earnings didn't do much to move the stock. We think this is due to...分析記事 • Nov 01Zeon Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their PredictionsShareholders might have noticed that Zeon Corporation ( TSE:4205 ) filed its half-year result this time last week. The...New Risk • Oct 31New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.9% 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 2.9% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.Upcoming Dividend • Sep 22Upcoming dividend of JP¥36.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 55% 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 (2.6%).分析記事 • Sep 17Zeon (TSE:4205) Has Announced That It Will Be Increasing Its Dividend To ¥36.00Zeon Corporation ( TSE:4205 ) will increase its dividend from last year's comparable payment on the 3rd of December to...お知らせ • Sep 17Zeon Corporation to Report Q2, 2026 Results on Oct 30, 2025Zeon Corporation announced that they will report Q2, 2026 results on Oct 30, 2025分析記事 • Aug 07Zeon's (TSE:4205) Shareholders Will Receive A Bigger Dividend Than Last YearZeon Corporation ( TSE:4205 ) will increase its dividend from last year's comparable payment on the 3rd of December to...Major Estimate Revision • Aug 06Consensus EPS estimates increase by 10%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥131 to JP¥144. Revenue forecast steady at JP¥413.3b. Net income forecast to grow 8.5% next year vs 8.9% growth forecast for Chemicals industry in Japan. Consensus price target up from JP¥1,661 to JP¥1,730. Share price rose 3.1% to JP¥1,654 over the past week.分析記事 • Aug 01Zeon Corporation (TSE:4205) Just Released Its First-Quarter Results And Analysts Are Updating Their EstimatesZeon Corporation ( TSE:4205 ) came out with its quarterly results last week, and we wanted to see how the business is...Reported Earnings • Jul 31First quarter 2026 earnings released: EPS: JP¥38.07 (vs JP¥38.77 in 1Q 2025)First quarter 2026 results: EPS: JP¥38.07 (down from JP¥38.77 in 1Q 2025). Revenue: JP¥103.1b (down 2.8% from 1Q 2025). Net income: JP¥7.51b (down 8.4% from 1Q 2025). Profit margin: 7.3% (down from 7.7% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year.分析記事 • Jul 24Zeon (TSE:4205) Is Increasing Its Dividend To ¥36.00Zeon Corporation ( TSE:4205 ) has announced that it will be increasing its dividend from last year's comparable payment...Board Change • Jul 21High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Member of Audit & Supervisory Board Hiroyuki Hirakawa was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.分析記事 • Jul 10Zeon (TSE:4205) Is Paying Out A Larger Dividend Than Last YearZeon Corporation's ( TSE:4205 ) dividend will be increasing from last year's payment of the same period to ¥36.00 on...Declared Dividend • Jul 09Final dividend of JP¥36.00 announcedShareholders will receive a dividend of JP¥36.00. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 4.6%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (41% 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 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover.分析記事 • Jul 01Take Care Before Diving Into The Deep End On Zeon Corporation (TSE:4205)With a price-to-earnings (or "P/E") ratio of 11.2x Zeon Corporation ( TSE:4205 ) may be sending bullish signals at the...お知らせ • Jun 06Zeon Corporation to Report Q1, 2026 Results on Jul 30, 2025Zeon Corporation announced that they will report Q1, 2026 results on Jul 30, 2025分析記事 • May 19Return Trends At Zeon (TSE:4205) Aren't AppealingFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Reported Earnings • Apr 26Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥133 (down from JP¥147 in FY 2024). Revenue: JP¥420.6b (up 10.0% from FY 2024). Net income: JP¥26.2b (down 16% from FY 2024). Profit margin: 6.2% (down from 8.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year.お知らせ • Apr 25+ 1 more updateZeon Corporation, Annual General Meeting, Jun 27, 2025Zeon Corporation, Annual General Meeting, Jun 27, 2025.分析記事 • Apr 06Are Investors Undervaluing Zeon Corporation (TSE:4205) By 26%?Key Insights Zeon's estimated fair value is JP¥1,857 based on 2 Stage Free Cash Flow to Equity Zeon's JP¥1,370 share...Buy Or Sell Opportunity • Apr 03Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.8% to JP¥1,427. The fair value is estimated to be JP¥1,825, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 4.7%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 2.4% per annum over the same time period.Upcoming Dividend • Mar 21Upcoming dividend of JP¥35.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%).分析記事 • Mar 20These 4 Measures Indicate That Zeon (TSE:4205) Is Using Debt Reasonably WellHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Buy Or Sell Opportunity • Mar 11Now 21% undervaluedOver the last 90 days, the stock has risen 6.4% to JP¥1,496. The fair value is estimated to be JP¥1,895, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 4.7%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 2.2% per annum over the same time period.分析記事 • Mar 04Zeon (TSE:4205) Is Due To Pay A Dividend Of ¥35.00Zeon Corporation ( TSE:4205 ) has announced that it will pay a dividend of ¥35.00 per share on the 30th of June. This...お知らせ • Mar 04Zeon Corporation to Report Fiscal Year 2025 Results on Apr 25, 2025Zeon Corporation announced that they will report fiscal year 2025 results on Apr 25, 2025分析記事 • Feb 04Results: Zeon Corporation Exceeded Expectations And The Consensus Has Updated Its EstimatesIt's been a good week for Zeon Corporation ( TSE:4205 ) shareholders, because the company has just released its latest...Reported Earnings • Feb 01Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: JP¥38.48 (down from JP¥49.92 in 3Q 2024). Revenue: JP¥102.1b (up 3.8% from 3Q 2024). Net income: JP¥7.83b (down 26% from 3Q 2024). Profit margin: 7.7% (down from 11% in 3Q 2024). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 75%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.分析記事 • Jan 09Zeon (TSE:4205) Could Be Struggling To Allocate CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...分析記事 • Dec 18Zeon (TSE:4205) Is Due To Pay A Dividend Of ¥35.00Zeon Corporation ( TSE:4205 ) will pay a dividend of ¥35.00 on the 30th of June. This will take the dividend yield to...お知らせ • Dec 12Zeon Corporation to Report Q3, 2025 Results on Jan 31, 2025Zeon Corporation announced that they will report Q3, 2025 results on Jan 31, 2025分析記事 • Dec 04Zeon's (TSE:4205) Dividend Will Be ¥35.00Zeon Corporation ( TSE:4205 ) has announced that it will pay a dividend of ¥35.00 per share on the 30th of June. This...Declared Dividend • Dec 04First half dividend of JP¥35.00 announcedShareholders will receive a dividend of JP¥35.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 5.0%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (38% 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 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 9.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover.New Risk • Dec 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.1% 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 2.1% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.Buy Or Sell Opportunity • Nov 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to JP¥1,428. The fair value is estimated to be JP¥1,180, 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 15%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 0.06% per annum over the same time period.New Risk • Nov 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.1% 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 0.1% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.分析記事 • Oct 30Zeon Corporation Just Missed EPS By 37%: Here's What Analysts Think Will Happen NextIt's been a good week for Zeon Corporation ( TSE:4205 ) shareholders, because the company has just released its latest...Reported Earnings • Oct 29Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: JP¥19.62 (down from JP¥21.41 in 2Q 2024). Revenue: JP¥107.2b (up 15% from 2Q 2024). Net income: JP¥4.11b (down 9.1% from 2Q 2024). Profit margin: 3.8% (down from 4.8% in 2Q 2024). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 37%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.Upcoming Dividend • Sep 20Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%).分析記事 • Sep 13Zeon (TSE:4205) Has Announced A Dividend Of ¥23.00Zeon Corporation ( TSE:4205 ) has announced that it will pay a dividend of ¥23.00 per share on the 2nd of December...お知らせ • Sep 13Zeon Corporation to Report Q2, 2025 Results on Oct 28, 2024Zeon Corporation announced that they will report Q2, 2025 results on Oct 28, 2024分析記事 • Aug 19Zeon (TSE:4205) Has Announced A Dividend Of ¥23.00The board of Zeon Corporation ( TSE:4205 ) has announced that it will pay a dividend of ¥23.00 per share on the 2nd of...New Risk • Aug 05New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% 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 0.6% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to JP¥1,080, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Chemicals industry in Japan. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,556 per share.Buy Or Sell Opportunity • Aug 03Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to JP¥1,243. The fair value is estimated to be JP¥1,556, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 0.9% per annum over the same time period.分析記事 • Aug 01Zeon Corporation Just Beat EPS By 64%: Here's What Analysts Think Will Happen NextZeon Corporation ( TSE:4205 ) defied analyst predictions to release its first-quarter results, which were ahead of...Reported Earnings • Jul 31First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: JP¥38.77 (up from JP¥27.62 in 1Q 2024). Revenue: JP¥106.1b (up 15% from 1Q 2024). Net income: JP¥8.19b (up 40% from 1Q 2024). Profit margin: 7.7% (up from 6.3% in 1Q 2024). Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) also surpassed analyst estimates by 64%. Revenue is forecast to grow 4.2% 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 24% 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.分析記事 • Jul 25Zeon (TSE:4205) Will Pay A Dividend Of ¥23.00The board of Zeon Corporation ( TSE:4205 ) has announced that it will pay a dividend of ¥23.00 per share on the 2nd of...分析記事 • Jul 11Zeon's (TSE:4205) Dividend Will Be ¥23.00Zeon Corporation ( TSE:4205 ) will pay a dividend of ¥23.00 on the 2nd of December. This takes the dividend yield to...Declared Dividend • Jul 11Final dividend of JP¥23.00 announcedShareholders will receive a dividend of JP¥23.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 3.4%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (87% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover.分析記事 • Jul 04Solid Earnings May Not Tell The Whole Story For Zeon (TSE:4205)Zeon Corporation's ( TSE:4205 ) robust recent earnings didn't do much to move the stock. We think this is due to...お知らせ • Jun 15Zeon Corporation to Report Q1, 2025 Results on Jul 29, 2024Zeon Corporation announced that they will report Q1, 2025 results on Jul 29, 2024お知らせ • Jun 14Zeon Corporation (TSE:4205) signed a letter of intent to acquire 40% stake in ZS Elastomers Co., Ltd. from Sumitomo Chemical Company, Limited.Zeon Corporation (TSE:4205) signed a letter of intent to acquire remaining 40% stake in ZS Elastomers Co., Ltd. from Sumitomo Chemical Company, Limited (TSE:4005) on June 12, 2024. Upon completion, Zeon Corporation will own 100% stake in ZS Elastomers Co., Ltd. As of March 31, 2024, ZS Elastomers Co., Ltd. generated total assets of ¥12.4 billion, net assets of ¥1.5 billion, sales of ¥1.4 billion, operating income of ¥411 million and net income of ¥442 million. The expected completion of the transaction is September 30, 2024.分析記事 • Jun 07Is There An Opportunity With Zeon Corporation's (TSE:4205) 36% Undervaluation?Key Insights The projected fair value for Zeon is JP¥2,228 based on 2 Stage Free Cash Flow to Equity Zeon is estimated...分析記事 • May 21Zeon (TSE:4205) Might Be Having Difficulty Using Its Capital EffectivelyWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...お知らせ • Apr 28Zeon Corporation, Annual General Meeting, Jun 27, 2024Zeon Corporation, Annual General Meeting, Jun 27, 2024.Reported Earnings • Apr 26Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥147 (up from JP¥49.94 in FY 2023). Revenue: JP¥382.3b (down 1.6% from FY 2023). Net income: JP¥31.1b (up 194% from FY 2023). Profit margin: 8.1% (up from 2.7% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 31% 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.お知らせ • Apr 26Zeon Corporation (TSE:4205) announces an Equity Buyback for 10,000,000 shares, representing 4.73% for ¥10,000 million.Zeon Corporation (TSE:4205) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 4.73% of its issued share capital, for ¥10,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will be valid till March 21, 2025. As of March 31, 2024, the company has 211,315,491 issued shares (excluding treasury stock) and 18,198,165 treasury shares.Upcoming Dividend • Mar 21Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 61% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%).分析記事 • Mar 18Zeon (TSE:4205) Is Due To Pay A Dividend Of ¥20.00The board of Zeon Corporation ( TSE:4205 ) has announced that it will pay a dividend on the 1st of July, with investors...お知らせ • Mar 17Zeon Corporation to Report Fiscal Year 2024 Results on Apr 25, 2024Zeon Corporation announced that they will report fiscal year 2024 results on Apr 25, 2024分析記事 • Mar 15Is Zeon (TSE:4205) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...分析記事 • Feb 26Zeon's (TSE:4205) Dividend Will Be ¥20.00Zeon Corporation ( TSE:4205 ) has announced that it will pay a dividend of ¥20.00 per share on the 1st of July. This...Reported Earnings • Feb 02Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: JP¥49.92 (up from JP¥4.09 in 3Q 2023). Revenue: JP¥98.4b (up 1.6% from 3Q 2023). Net income: JP¥10.5b (up JP¥9.69b from 3Q 2023). Profit margin: 11% (up from 0.9% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 52%. Revenue is forecast to grow 5.8% 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 34% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.お知らせ • Dec 17Zeon Corporation to Report Q3, 2024 Results on Jan 31, 2024Zeon Corporation announced that they will report Q3, 2024 results on Jan 31, 2024Valuation Update With 7 Day Price Move • Nov 03Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥1,220, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Chemicals industry in Japan. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,547 per share.Buying Opportunity • Oct 30Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be JP¥1,714, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has declined by 23%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings is also forecast to grow by 30% per annum over the same time period.Reported Earnings • Oct 29Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: JP¥21.41 (down from JP¥41.21 in 2Q 2023). Revenue: JP¥93.5b (down 6.3% from 2Q 2023). Net income: JP¥4.52b (down 48% from 2Q 2023). Profit margin: 4.8% (down from 8.7% in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 5.9% 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 fallen by 23% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.お知らせ • Sep 23Zeon Corporation to Report Q2, 2024 Results on Oct 27, 2023Zeon Corporation announced that they will report Q2, 2024 results on Oct 27, 2023Upcoming Dividend • Sep 21Upcoming dividend of JP¥20.00 per share at 2.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is on the higher end at 99% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (2.5%).New Risk • Jul 29New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 99% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin).Reported Earnings • Jul 28First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2024 results: EPS: JP¥27.62 (down from JP¥40.99 in 1Q 2023). Revenue: JP¥91.9b (down 5.8% from 1Q 2023). Net income: JP¥5.84b (down 33% from 1Q 2023). Profit margin: 6.3% (down from 8.9% in 1Q 2023). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 121%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.お知らせ • Jun 23Zeon Corporation to Report Q1, 2024 Results on Jul 27, 2023Zeon Corporation announced that they will report Q1, 2024 results on Jul 27, 2023Reported Earnings • Apr 28Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: JP¥49.94 (down from JP¥153 in FY 2022). Revenue: JP¥388.6b (up 7.4% from FY 2022). Net income: JP¥10.6b (down 68% from FY 2022). Profit margin: 2.7% (down from 9.2% 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 4.7% p.a. on average during the next 3 years, compared to a 3.7% 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 increased by 14% per year, which means it is tracking significantly ahead of earnings growth.Major Estimate Revision • Apr 25Consensus EPS estimates fall by 49%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from JP¥98.08 to JP¥49.71. Revenue forecast unchanged from JP¥387.3b at last update. Net income forecast to grow 7.3% next year vs 1.7% decline forecast for Chemicals industry in Japan. Consensus price target of JP¥1,536 unchanged from last update. Share price was steady at JP¥1,425 over the past week.Upcoming Dividend • Mar 23Upcoming dividend of JP¥18.00 per share at 2.6% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.8%).Buying Opportunity • Mar 21Now 21% undervaluedOver the last 90 days, the stock is up 5.0%. The fair value is estimated to be JP¥1,708, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings is also forecast to grow by 14% per annum over the same time period.Major Estimate Revision • Feb 07Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥402.7b to JP¥391.8b. EPS estimate also fell from JP¥151 per share to JP¥121 per share. Net income forecast to grow 23% next year vs 2.9% growth forecast for Chemicals industry in Japan. Consensus price target down from JP¥1,689 to JP¥1,590. Share price fell 4.7% to JP¥1,211 over the past week.Reported Earnings • Feb 01Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: JP¥4.09 (down from JP¥41.00 in 3Q 2022). Revenue: JP¥96.8b (up 7.9% from 3Q 2022). Net income: JP¥864.0m (down 90% from 3Q 2022). Profit margin: 0.9% (down from 10.0% in 3Q 2022). Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) also missed analyst estimates by 88%. Revenue is forecast to grow 5.3% 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 18% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.お知らせ • Dec 26Zeon Corporation to Report Q3, 2023 Results on Jan 31, 2023Zeon Corporation announced that they will report Q3, 2023 results on Jan 31, 2023株主還元4205JP ChemicalsJP 市場7D3.5%-2.8%-1.3%1Y67.6%52.7%43.0%株主還元を見る業界別リターン: 4205過去 1 年間で52.7 % の収益を上げたJP Chemicals業界を上回りました。リターン対市場: 4205過去 1 年間で43 % の収益を上げたJP市場を上回りました。価格変動Is 4205's price volatile compared to industry and market?4205 volatility4205 Average Weekly Movement6.0%Chemicals Industry Average Movement5.3%Market Average Movement4.4%10% most volatile stocks in JP Market9.3%10% least volatile stocks in JP Market2.2%安定した株価: 4205 、 JP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: 4205の 週次ボラティリティ ( 6% ) 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19504,493Tetsuya Toyoshimawww.zeon.co.jp日本、北米、欧州、アジアでエラストマー材料、特殊材料などの事業を展開。エラストマー材料事業と高機能材料事業で構成。合成ゴムやラテックス、化学品、香料、特殊化学品などを提供。また、電子・エネルギー材料、特殊プラスチック、プラスチックフィルム、カーボンナノチューブ関連製品、メディカル製品を提供している。同社の製品は、輸送、エレクトロニクス、テレコミュニケーション、土木、建築、住宅、ライフスタイル、工業用途に使用されている。ゼオンは1950年に設立され、千代田区に本社を置く。もっと見るZeon Corporation 基礎のまとめZeon の収益と売上を時価総額と比較するとどうか。4205 基礎統計学時価総額JP¥463.92b収益（TTM）JP¥36.23b売上高(TTM)JP¥411.97b12.8xPER（株価収益率1.1xP/Sレシオ4205 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4205 損益計算書（TTM）収益JP¥411.97b売上原価JP¥290.76b売上総利益JP¥121.20bその他の費用JP¥84.98b収益JP¥36.23b直近の収益報告Mar 31, 2026次回決算日Jul 29, 2026一株当たり利益（EPS）189.32グロス・マージン29.42%純利益率8.79%有利子負債／自己資本比率4.2%4205 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3.3%現在の配当利回り41%配当性向4205 配当は確実ですか？4205 配当履歴とベンチマークを見る4205 、いつまでに購入すれば配当金を受け取れますか？Zeon 配当日配当落ち日Mar 30 2026配当支払日Jun 29 2026配当落ちまでの日数88 days配当支払日までの日数3 days4205 配当は確実ですか？4205 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2026/06/25 17:32終値2026/06/25 00:00収益2026/03/31年間収益2026/03/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレークこのレポートを生成するために使用した分析モデルの詳細は、当社の Github ページ でご覧いただけます。また、レポートの使い方に関する ガイド や YouTube の チュートリアル もご用意しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Zeon Corporation 8 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。18 アナリスト機関Mikiya YamadaBarclaysNiima KomuraBofA Global ResearchYuta NishiyamaCitigroup Inc15 その他のアナリストを表示
お知らせ • Jun 19Zeon Corporation to Report Q1, 2027 Results on Jul 29, 2026Zeon Corporation announced that they will report Q1, 2027 results on Jul 29, 2026
New Risk • May 31New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 97% Dividend yield: 3.6% 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (97% cash payout ratio). Large one-off items impacting financial results.
分析記事 • May 20Concerns Surrounding Zeon's (TSE:4205) PerformanceThe market for Zeon Corporation's ( TSE:4205 ) stock was strong after it released a healthy earnings report last week...
Reported Earnings • May 14Full year 2026 earnings: EPS exceeds analyst expectationsFull year 2026 results: EPS: JP¥187 (up from JP¥127 in FY 2025). Revenue: JP¥412.0b (down 2.1% from FY 2025). Net income: JP¥36.2b (up 38% from FY 2025). Profit margin: 8.8% (up from 6.2% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
お知らせ • May 14Zeon Corporation, Annual General Meeting, Jun 26, 2026Zeon Corporation, Annual General Meeting, Jun 26, 2026.
お知らせ • May 13Natoco Co., Ltd. (TSE:4627) signed a letter of intent to acquire Tohpe Corporation from Zeon Corporation (TSE:4205).Natoco Co., Ltd. (TSE:4627) signed a letter of intent to acquire Tohpe Corporation from Zeon Corporation (TSE:4205) on May 11, 2026. A cash consideration of ¥2.19 billion will be paid by Natoco Co., Ltd. As part of consideration, ¥2.19 billion is paid towards common equity of Tohpe Corporation. Natoco Co., Ltd. has resolved to enter into a stock transfer agreement. The expected completion of the transaction is November 2, 2026.
お知らせ • Jun 19Zeon Corporation to Report Q1, 2027 Results on Jul 29, 2026Zeon Corporation announced that they will report Q1, 2027 results on Jul 29, 2026
New Risk • May 31New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 97% Dividend yield: 3.6% 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. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 4.4% per year for the foreseeable future. Minor Risks Dividend is not well covered by cash flows (97% cash payout ratio). Large one-off items impacting financial results.
分析記事 • May 20Concerns Surrounding Zeon's (TSE:4205) PerformanceThe market for Zeon Corporation's ( TSE:4205 ) stock was strong after it released a healthy earnings report last week...
Reported Earnings • May 14Full year 2026 earnings: EPS exceeds analyst expectationsFull year 2026 results: EPS: JP¥187 (up from JP¥127 in FY 2025). Revenue: JP¥412.0b (down 2.1% from FY 2025). Net income: JP¥36.2b (up 38% from FY 2025). Profit margin: 8.8% (up from 6.2% in FY 2025). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 20%. Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 42% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth.
お知らせ • May 14Zeon Corporation, Annual General Meeting, Jun 26, 2026Zeon Corporation, Annual General Meeting, Jun 26, 2026.
お知らせ • May 13Natoco Co., Ltd. (TSE:4627) signed a letter of intent to acquire Tohpe Corporation from Zeon Corporation (TSE:4205).Natoco Co., Ltd. (TSE:4627) signed a letter of intent to acquire Tohpe Corporation from Zeon Corporation (TSE:4205) on May 11, 2026. A cash consideration of ¥2.19 billion will be paid by Natoco Co., Ltd. As part of consideration, ¥2.19 billion is paid towards common equity of Tohpe Corporation. Natoco Co., Ltd. has resolved to enter into a stock transfer agreement. The expected completion of the transaction is November 2, 2026.
ライブニュース • May 13Zeon Net Income Surges 38% as Dividend Rises Despite Sales DropZeon reported a 38% rise in net income for FY2026, supported by growth in specialty materials and cost reduction efforts, even as sales declined 2%. Operating cash flow was about 3x higher year over year, supporting a higher dividend payout, with the total annual dividend lifted to 76 yen per share and the year-end dividend raised to 40 yen. For FY2027, the company is guiding for slightly lower sales and ordinary profit while aiming for continued growth in operating profit and stable earnings per share, backed by a focus on margins and investments in specialty materials and battery technology. The mix of higher profitability, stronger cash generation and a higher dividend points to a business that is prioritizing return on capital and capital discipline even with softer top-line expectations. You should watch how Zeon executes on its specialty materials and battery-related plans, since any delays or higher investment needs could affect margins, cash flow and the company’s ability to maintain its current dividend stance.
Valuation Update With 7 Day Price Move • May 13Investor sentiment improves as stock rises 19%After last week's 19% share price gain to JP¥2,238, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 14x in the Chemicals industry in Japan. Total returns to shareholders of 66% over the past three years.
お知らせ • Apr 04Zeon Corporation to Report Fiscal Year 2026 Results on May 13, 2026Zeon Corporation announced that they will report fiscal year 2026 results on May 13, 2026
Upcoming Dividend • Mar 23Upcoming dividend of JP¥36.00 per shareEligible shareholders must have bought the stock before 30 March 2026. Payment date: 30 June 2026. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 4.1%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%).
分析記事 • Feb 03Zeon Corporation Just Beat Earnings Expectations: Here's What Analysts Think Will Happen NextZeon Corporation ( TSE:4205 ) shareholders are probably feeling a little disappointed, since its shares fell 2.6% to...
Reported Earnings • Jan 31Third quarter 2026 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2026 results: EPS: JP¥31.27 (down from JP¥38.48 in 3Q 2025). Revenue: JP¥103.2b (up 1.1% from 3Q 2025). Net income: JP¥6.02b (down 23% from 3Q 2025). Profit margin: 5.8% (down from 7.7% in 3Q 2025). Revenue missed analyst estimates by 1.1%. Earnings per share (EPS) exceeded analyst estimates by 53%. Revenue is forecast to grow 2.1% p.a. on average during the next 3 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 36% per year but the company’s share price has only increased by 16% per year, which means it is significantly lagging earnings growth.
分析記事 • Jan 30Zeon's (TSE:4205) Dividend Will Be ¥36.00Zeon Corporation ( TSE:4205 ) has announced that it will pay a dividend of ¥36.00 per share on the 30th of June. This...
お知らせ • Jan 30Zeon Corporation Revises Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2026Zeon Corporation revised consolidated earnings guidance for the Fiscal year ending March 31, 2026. For the year, the company expects net sales to be JPY 407,500 million, Operating profit to be JPY 31,000 million, Profit attributable to owners of the parent to be JPY 31,500 million and basic earnings per share to be JPY 162.32 as compared to net sales to be JPY 415,000 million, Operating profit to be JPY 30,500 million, Profit attributable to owners of the parent to be JPY 28,000 million and basic earnings per share to be JPY 144.17 in the previous guidance. While net sales in the Elastomer Business Segment are expected to decrease due to a decline in selling prices resulting from lower raw material prices, net sales and operating profit in the Specialty Material Business Segment are expected to increase, reflecting steady demand for optical films used in large-screen televisions as well as battery materials. In addition, due to the incorporation of the continued depreciation of the yen against the initially assumed exchange rates, ordinary profit and profit attributable to owners of the parent are expected to exceed the previously announced forecast. Accordingly, the forecast has been revised as described above.
分析記事 • Dec 20Zeon (TSE:4205) Has Announced A Dividend Of ¥36.00The board of Zeon Corporation ( TSE:4205 ) has announced that it will pay a dividend on the 30th of June, with...
お知らせ • Dec 16Zeon Corporation to Report Q3, 2026 Results on Jan 30, 2026Zeon Corporation announced that they will report Q3, 2026 results on Jan 30, 2026
分析記事 • Dec 06Zeon (TSE:4205) Will Pay A Dividend Of ¥36.00Zeon Corporation ( TSE:4205 ) will pay a dividend of ¥36.00 on the 30th of June. This makes the dividend yield 4.2...
Declared Dividend • Dec 06First half dividend of JP¥36.00 announcedShareholders will receive a dividend of JP¥36.00. Ex-date: 30th March 2026 Payment date: 30th June 2026 Dividend yield will be 4.2%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (39% earnings payout ratio) and cash flows (46% cash payout ratio). The dividend has increased by an average of 17% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to remain steady over the next 3 years, which should provide adequate earnings cover for the dividend.
分析記事 • Nov 06We Think That There Are Some Issues For Zeon (TSE:4205) Beyond Its Promising EarningsZeon Corporation's ( TSE:4205 ) robust recent earnings didn't do much to move the stock. We think this is due to...
分析記事 • Nov 01Zeon Corporation Just Beat Analyst Forecasts, And Analysts Have Been Updating Their PredictionsShareholders might have noticed that Zeon Corporation ( TSE:4205 ) filed its half-year result this time last week. The...
New Risk • Oct 31New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.9% 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 2.9% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
Upcoming Dividend • Sep 22Upcoming dividend of JP¥36.00 per shareEligible shareholders must have bought the stock before 29 September 2025. Payment date: 03 December 2025. Payout ratio is a comfortable 55% 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 (2.6%).
分析記事 • Sep 17Zeon (TSE:4205) Has Announced That It Will Be Increasing Its Dividend To ¥36.00Zeon Corporation ( TSE:4205 ) will increase its dividend from last year's comparable payment on the 3rd of December to...
お知らせ • Sep 17Zeon Corporation to Report Q2, 2026 Results on Oct 30, 2025Zeon Corporation announced that they will report Q2, 2026 results on Oct 30, 2025
分析記事 • Aug 07Zeon's (TSE:4205) Shareholders Will Receive A Bigger Dividend Than Last YearZeon Corporation ( TSE:4205 ) will increase its dividend from last year's comparable payment on the 3rd of December to...
Major Estimate Revision • Aug 06Consensus EPS estimates increase by 10%The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥131 to JP¥144. Revenue forecast steady at JP¥413.3b. Net income forecast to grow 8.5% next year vs 8.9% growth forecast for Chemicals industry in Japan. Consensus price target up from JP¥1,661 to JP¥1,730. Share price rose 3.1% to JP¥1,654 over the past week.
分析記事 • Aug 01Zeon Corporation (TSE:4205) Just Released Its First-Quarter Results And Analysts Are Updating Their EstimatesZeon Corporation ( TSE:4205 ) came out with its quarterly results last week, and we wanted to see how the business is...
Reported Earnings • Jul 31First quarter 2026 earnings released: EPS: JP¥38.07 (vs JP¥38.77 in 1Q 2025)First quarter 2026 results: EPS: JP¥38.07 (down from JP¥38.77 in 1Q 2025). Revenue: JP¥103.1b (down 2.8% from 1Q 2025). Net income: JP¥7.51b (down 8.4% from 1Q 2025). Profit margin: 7.3% (down from 7.7% in 1Q 2025). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 11% per year whereas the company’s share price has increased by 6% per year.
分析記事 • Jul 24Zeon (TSE:4205) Is Increasing Its Dividend To ¥36.00Zeon Corporation ( TSE:4205 ) has announced that it will be increasing its dividend from last year's comparable payment...
Board Change • Jul 21High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Member of Audit & Supervisory Board Hiroyuki Hirakawa was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
分析記事 • Jul 10Zeon (TSE:4205) Is Paying Out A Larger Dividend Than Last YearZeon Corporation's ( TSE:4205 ) dividend will be increasing from last year's payment of the same period to ¥36.00 on...
Declared Dividend • Jul 09Final dividend of JP¥36.00 announcedShareholders will receive a dividend of JP¥36.00. Ex-date: 29th September 2025 Payment date: 3rd December 2025 Dividend yield will be 4.6%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (41% 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 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 21% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • Jul 01Take Care Before Diving Into The Deep End On Zeon Corporation (TSE:4205)With a price-to-earnings (or "P/E") ratio of 11.2x Zeon Corporation ( TSE:4205 ) may be sending bullish signals at the...
お知らせ • Jun 06Zeon Corporation to Report Q1, 2026 Results on Jul 30, 2025Zeon Corporation announced that they will report Q1, 2026 results on Jul 30, 2025
分析記事 • May 19Return Trends At Zeon (TSE:4205) Aren't AppealingFinding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...
Reported Earnings • Apr 26Full year 2025 earnings: EPS exceeds analyst expectationsFull year 2025 results: EPS: JP¥133 (down from JP¥147 in FY 2024). Revenue: JP¥420.6b (up 10.0% from FY 2024). Net income: JP¥26.2b (down 16% from FY 2024). Profit margin: 6.2% (down from 8.1% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year.
お知らせ • Apr 25+ 1 more updateZeon Corporation, Annual General Meeting, Jun 27, 2025Zeon Corporation, Annual General Meeting, Jun 27, 2025.
分析記事 • Apr 06Are Investors Undervaluing Zeon Corporation (TSE:4205) By 26%?Key Insights Zeon's estimated fair value is JP¥1,857 based on 2 Stage Free Cash Flow to Equity Zeon's JP¥1,370 share...
Buy Or Sell Opportunity • Apr 03Now 22% undervalued after recent price dropOver the last 90 days, the stock has fallen 4.8% to JP¥1,427. The fair value is estimated to be JP¥1,825, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 4.7%. For the next 3 years, revenue is forecast to grow by 4.2% per annum. Earnings are also forecast to grow by 2.4% per annum over the same time period.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥35.00 per shareEligible shareholders must have bought the stock before 28 March 2025. Payment date: 30 June 2025. Payout ratio is a comfortable 41% but the company is not cash flow positive. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%).
分析記事 • Mar 20These 4 Measures Indicate That Zeon (TSE:4205) Is Using Debt Reasonably WellHoward Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...
Buy Or Sell Opportunity • Mar 11Now 21% undervaluedOver the last 90 days, the stock has risen 6.4% to JP¥1,496. The fair value is estimated to be JP¥1,895, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.9% over the last 3 years. Earnings per share has declined by 4.7%. For the next 3 years, revenue is forecast to grow by 4.1% per annum. Earnings are also forecast to grow by 2.2% per annum over the same time period.
分析記事 • Mar 04Zeon (TSE:4205) Is Due To Pay A Dividend Of ¥35.00Zeon Corporation ( TSE:4205 ) has announced that it will pay a dividend of ¥35.00 per share on the 30th of June. This...
お知らせ • Mar 04Zeon Corporation to Report Fiscal Year 2025 Results on Apr 25, 2025Zeon Corporation announced that they will report fiscal year 2025 results on Apr 25, 2025
分析記事 • Feb 04Results: Zeon Corporation Exceeded Expectations And The Consensus Has Updated Its EstimatesIt's been a good week for Zeon Corporation ( TSE:4205 ) shareholders, because the company has just released its latest...
Reported Earnings • Feb 01Third quarter 2025 earnings: EPS exceeds analyst expectations while revenues lag behindThird quarter 2025 results: EPS: JP¥38.48 (down from JP¥49.92 in 3Q 2024). Revenue: JP¥102.1b (up 3.8% from 3Q 2024). Net income: JP¥7.83b (down 26% from 3Q 2024). Profit margin: 7.7% (down from 11% in 3Q 2024). Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) exceeded analyst estimates by 75%. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
分析記事 • Jan 09Zeon (TSE:4205) Could Be Struggling To Allocate CapitalIf we want to find a potential multi-bagger, often there are underlying trends that can provide clues. In a perfect...
分析記事 • Dec 18Zeon (TSE:4205) Is Due To Pay A Dividend Of ¥35.00Zeon Corporation ( TSE:4205 ) will pay a dividend of ¥35.00 on the 30th of June. This will take the dividend yield to...
お知らせ • Dec 12Zeon Corporation to Report Q3, 2025 Results on Jan 31, 2025Zeon Corporation announced that they will report Q3, 2025 results on Jan 31, 2025
分析記事 • Dec 04Zeon's (TSE:4205) Dividend Will Be ¥35.00Zeon Corporation ( TSE:4205 ) has announced that it will pay a dividend of ¥35.00 per share on the 30th of June. This...
Declared Dividend • Dec 04First half dividend of JP¥35.00 announcedShareholders will receive a dividend of JP¥35.00. Ex-date: 28th March 2025 Payment date: 30th June 2025 Dividend yield will be 5.0%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (38% 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 18% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 9.2% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
New Risk • Dec 03New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 2.1% 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 2.1% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
Buy Or Sell Opportunity • Nov 15Now 21% overvalued after recent price riseOver the last 90 days, the stock has risen 18% to JP¥1,428. The fair value is estimated to be JP¥1,180, 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 15%. For the next 3 years, revenue is forecast to grow by 3.5% per annum. Earnings are also forecast to grow by 0.06% per annum over the same time period.
New Risk • Nov 02New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.1% 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 0.1% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results.
分析記事 • Oct 30Zeon Corporation Just Missed EPS By 37%: Here's What Analysts Think Will Happen NextIt's been a good week for Zeon Corporation ( TSE:4205 ) shareholders, because the company has just released its latest...
Reported Earnings • Oct 29Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behindSecond quarter 2025 results: EPS: JP¥19.62 (down from JP¥21.41 in 2Q 2024). Revenue: JP¥107.2b (up 15% from 2Q 2024). Net income: JP¥4.11b (down 9.1% from 2Q 2024). Profit margin: 3.8% (down from 4.8% in 2Q 2024). Revenue exceeded analyst estimates by 1.5%. Earnings per share (EPS) missed analyst estimates by 37%. Revenue is forecast to grow 3.5% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings.
Upcoming Dividend • Sep 20Upcoming dividend of JP¥23.00 per shareEligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 28% and this is well supported by cash flows. Trailing yield: 3.5%. Lower than top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%).
分析記事 • Sep 13Zeon (TSE:4205) Has Announced A Dividend Of ¥23.00Zeon Corporation ( TSE:4205 ) has announced that it will pay a dividend of ¥23.00 per share on the 2nd of December...
お知らせ • Sep 13Zeon Corporation to Report Q2, 2025 Results on Oct 28, 2024Zeon Corporation announced that they will report Q2, 2025 results on Oct 28, 2024
分析記事 • Aug 19Zeon (TSE:4205) Has Announced A Dividend Of ¥23.00The board of Zeon Corporation ( TSE:4205 ) has announced that it will pay a dividend of ¥23.00 per share on the 2nd of...
New Risk • Aug 05New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 0.6% 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 0.6% per year for the foreseeable future. Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Large one-off items impacting financial results.
Valuation Update With 7 Day Price Move • Aug 05Investor sentiment deteriorates as stock falls 23%After last week's 23% share price decline to JP¥1,080, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Chemicals industry in Japan. Total loss to shareholders of 26% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,556 per share.
Buy Or Sell Opportunity • Aug 03Now 20% undervalued after recent price dropOver the last 90 days, the stock has fallen 18% to JP¥1,243. The fair value is estimated to be JP¥1,556, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.9% over the last 3 years. Earnings per share has declined by 24%. For the next 3 years, revenue is forecast to grow by 4.0% per annum. Earnings are also forecast to grow by 0.9% per annum over the same time period.
分析記事 • Aug 01Zeon Corporation Just Beat EPS By 64%: Here's What Analysts Think Will Happen NextZeon Corporation ( TSE:4205 ) defied analyst predictions to release its first-quarter results, which were ahead of...
Reported Earnings • Jul 31First quarter 2025 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2025 results: EPS: JP¥38.77 (up from JP¥27.62 in 1Q 2024). Revenue: JP¥106.1b (up 15% from 1Q 2024). Net income: JP¥8.19b (up 40% from 1Q 2024). Profit margin: 7.7% (up from 6.3% in 1Q 2024). Revenue exceeded analyst estimates by 7.7%. Earnings per share (EPS) also surpassed analyst estimates by 64%. Revenue is forecast to grow 4.2% 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 24% 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.
分析記事 • Jul 25Zeon (TSE:4205) Will Pay A Dividend Of ¥23.00The board of Zeon Corporation ( TSE:4205 ) has announced that it will pay a dividend of ¥23.00 per share on the 2nd of...
分析記事 • Jul 11Zeon's (TSE:4205) Dividend Will Be ¥23.00Zeon Corporation ( TSE:4205 ) will pay a dividend of ¥23.00 on the 2nd of December. This takes the dividend yield to...
Declared Dividend • Jul 11Final dividend of JP¥23.00 announcedShareholders will receive a dividend of JP¥23.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 3.4%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (61% earnings payout ratio) and cash flows (87% cash payout ratio). The dividend has increased by an average of 14% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 14% over the next 3 years, which should provide support to the dividend and adequate earnings cover.
分析記事 • Jul 04Solid Earnings May Not Tell The Whole Story For Zeon (TSE:4205)Zeon Corporation's ( TSE:4205 ) robust recent earnings didn't do much to move the stock. We think this is due to...
お知らせ • Jun 15Zeon Corporation to Report Q1, 2025 Results on Jul 29, 2024Zeon Corporation announced that they will report Q1, 2025 results on Jul 29, 2024
お知らせ • Jun 14Zeon Corporation (TSE:4205) signed a letter of intent to acquire 40% stake in ZS Elastomers Co., Ltd. from Sumitomo Chemical Company, Limited.Zeon Corporation (TSE:4205) signed a letter of intent to acquire remaining 40% stake in ZS Elastomers Co., Ltd. from Sumitomo Chemical Company, Limited (TSE:4005) on June 12, 2024. Upon completion, Zeon Corporation will own 100% stake in ZS Elastomers Co., Ltd. As of March 31, 2024, ZS Elastomers Co., Ltd. generated total assets of ¥12.4 billion, net assets of ¥1.5 billion, sales of ¥1.4 billion, operating income of ¥411 million and net income of ¥442 million. The expected completion of the transaction is September 30, 2024.
分析記事 • Jun 07Is There An Opportunity With Zeon Corporation's (TSE:4205) 36% Undervaluation?Key Insights The projected fair value for Zeon is JP¥2,228 based on 2 Stage Free Cash Flow to Equity Zeon is estimated...
分析記事 • May 21Zeon (TSE:4205) Might Be Having Difficulty Using Its Capital EffectivelyWhat are the early trends we should look for to identify a stock that could multiply in value over the long term...
お知らせ • Apr 28Zeon Corporation, Annual General Meeting, Jun 27, 2024Zeon Corporation, Annual General Meeting, Jun 27, 2024.
Reported Earnings • Apr 26Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: JP¥147 (up from JP¥49.94 in FY 2023). Revenue: JP¥382.3b (down 1.6% from FY 2023). Net income: JP¥31.1b (up 194% from FY 2023). Profit margin: 8.1% (up from 2.7% in FY 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 10%. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 31% 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.
お知らせ • Apr 26Zeon Corporation (TSE:4205) announces an Equity Buyback for 10,000,000 shares, representing 4.73% for ¥10,000 million.Zeon Corporation (TSE:4205) announces a share repurchase program. Under the program, the company will repurchase up to 10,000,000 shares, representing 4.73% of its issued share capital, for ¥10,000 million. The purpose of the program is to enhance shareholder returns and improve capital efficiency. The program will be valid till March 21, 2025. As of March 31, 2024, the company has 211,315,491 issued shares (excluding treasury stock) and 18,198,165 treasury shares.
Upcoming Dividend • Mar 21Upcoming dividend of JP¥20.00 per shareEligible shareholders must have bought the stock before 28 March 2024. Payment date: 01 July 2024. Payout ratio is a comfortable 61% but the company is paying out more than the cash it is generating. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.2%). Higher than average of industry peers (2.1%).
分析記事 • Mar 18Zeon (TSE:4205) Is Due To Pay A Dividend Of ¥20.00The board of Zeon Corporation ( TSE:4205 ) has announced that it will pay a dividend on the 1st of July, with investors...
お知らせ • Mar 17Zeon Corporation to Report Fiscal Year 2024 Results on Apr 25, 2024Zeon Corporation announced that they will report fiscal year 2024 results on Apr 25, 2024
分析記事 • Mar 15Is Zeon (TSE:4205) A Risky Investment?Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
分析記事 • Feb 26Zeon's (TSE:4205) Dividend Will Be ¥20.00Zeon Corporation ( TSE:4205 ) has announced that it will pay a dividend of ¥20.00 per share on the 1st of July. This...
Reported Earnings • Feb 02Third quarter 2024 earnings: EPS and revenues exceed analyst expectationsThird quarter 2024 results: EPS: JP¥49.92 (up from JP¥4.09 in 3Q 2023). Revenue: JP¥98.4b (up 1.6% from 3Q 2023). Net income: JP¥10.5b (up JP¥9.69b from 3Q 2023). Profit margin: 11% (up from 0.9% in 3Q 2023). The increase in margin was primarily driven by lower expenses. Revenue exceeded analyst estimates by 1.3%. Earnings per share (EPS) also surpassed analyst estimates by 52%. Revenue is forecast to grow 5.8% 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 34% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings.
お知らせ • Dec 17Zeon Corporation to Report Q3, 2024 Results on Jan 31, 2024Zeon Corporation announced that they will report Q3, 2024 results on Jan 31, 2024
Valuation Update With 7 Day Price Move • Nov 03Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to JP¥1,220, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Chemicals industry in Japan. Negligible returns to shareholders over past three years. Simply Wall St's valuation model estimates the intrinsic value at JP¥1,547 per share.
Buying Opportunity • Oct 30Now 24% undervalued after recent price dropOver the last 90 days, the stock is down 15%. The fair value is estimated to be JP¥1,714, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 9.8% over the last 3 years. Earnings per share has declined by 23%. For the next 3 years, revenue is forecast to grow by 5.9% per annum. Earnings is also forecast to grow by 30% per annum over the same time period.
Reported Earnings • Oct 29Second quarter 2024 earnings: EPS misses analyst expectationsSecond quarter 2024 results: EPS: JP¥21.41 (down from JP¥41.21 in 2Q 2023). Revenue: JP¥93.5b (down 6.3% from 2Q 2023). Net income: JP¥4.52b (down 48% from 2Q 2023). Profit margin: 4.8% (down from 8.7% in 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 16%. Revenue is forecast to grow 5.9% 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 fallen by 23% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
お知らせ • Sep 23Zeon Corporation to Report Q2, 2024 Results on Oct 27, 2023Zeon Corporation announced that they will report Q2, 2024 results on Oct 27, 2023
Upcoming Dividend • Sep 21Upcoming dividend of JP¥20.00 per share at 2.4% yieldEligible shareholders must have bought the stock before 28 September 2023. Payment date: 04 December 2023. Payout ratio is on the higher end at 99% but the company is not cash flow positive. Trailing yield: 2.4%. Lower than top quartile of Japanese dividend payers (3.3%). In line with average of industry peers (2.5%).
New Risk • Jul 29New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 99% The company is paying a dividend despite having no free cash flows. Dividend yield: 2.7% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 99% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.0% net profit margin).
Reported Earnings • Jul 28First quarter 2024 earnings: EPS exceeds analyst expectations while revenues lag behindFirst quarter 2024 results: EPS: JP¥27.62 (down from JP¥40.99 in 1Q 2023). Revenue: JP¥91.9b (down 5.8% from 1Q 2023). Net income: JP¥5.84b (down 33% from 1Q 2023). Profit margin: 6.3% (down from 8.9% in 1Q 2023). Revenue missed analyst estimates by 2.2%. Earnings per share (EPS) exceeded analyst estimates by 121%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings.
お知らせ • Jun 23Zeon Corporation to Report Q1, 2024 Results on Jul 27, 2023Zeon Corporation announced that they will report Q1, 2024 results on Jul 27, 2023
Reported Earnings • Apr 28Full year 2023 earnings: Revenues and EPS in line with analyst expectationsFull year 2023 results: EPS: JP¥49.94 (down from JP¥153 in FY 2022). Revenue: JP¥388.6b (up 7.4% from FY 2022). Net income: JP¥10.6b (down 68% from FY 2022). Profit margin: 2.7% (down from 9.2% 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 4.7% p.a. on average during the next 3 years, compared to a 3.7% 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 increased by 14% per year, which means it is tracking significantly ahead of earnings growth.
Major Estimate Revision • Apr 25Consensus EPS estimates fall by 49%The consensus outlook for fiscal year 2023 has been updated. 2023 EPS estimate fell from JP¥98.08 to JP¥49.71. Revenue forecast unchanged from JP¥387.3b at last update. Net income forecast to grow 7.3% next year vs 1.7% decline forecast for Chemicals industry in Japan. Consensus price target of JP¥1,536 unchanged from last update. Share price was steady at JP¥1,425 over the past week.
Upcoming Dividend • Mar 23Upcoming dividend of JP¥18.00 per share at 2.6% yieldEligible shareholders must have bought the stock before 30 March 2023. Payment date: 30 June 2023. Payout ratio is a comfortable 29% but the company is not cash flow positive. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.6%). In line with average of industry peers (2.8%).
Buying Opportunity • Mar 21Now 21% undervaluedOver the last 90 days, the stock is up 5.0%. The fair value is estimated to be JP¥1,708, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.3% over the last 3 years. Earnings per share has grown by 18%. For the next 3 years, revenue is forecast to grow by 4.6% per annum. Earnings is also forecast to grow by 14% per annum over the same time period.
Major Estimate Revision • Feb 07Consensus EPS estimates fall by 20%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has deteriorated. 2023 revenue forecast decreased from JP¥402.7b to JP¥391.8b. EPS estimate also fell from JP¥151 per share to JP¥121 per share. Net income forecast to grow 23% next year vs 2.9% growth forecast for Chemicals industry in Japan. Consensus price target down from JP¥1,689 to JP¥1,590. Share price fell 4.7% to JP¥1,211 over the past week.
Reported Earnings • Feb 01Third quarter 2023 earnings: EPS and revenues miss analyst expectationsThird quarter 2023 results: EPS: JP¥4.09 (down from JP¥41.00 in 3Q 2022). Revenue: JP¥96.8b (up 7.9% from 3Q 2022). Net income: JP¥864.0m (down 90% from 3Q 2022). Profit margin: 0.9% (down from 10.0% in 3Q 2022). Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) also missed analyst estimates by 88%. Revenue is forecast to grow 5.3% 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 18% per year but the company’s share price has remained flat, which means it is significantly lagging earnings.
お知らせ • Dec 26Zeon Corporation to Report Q3, 2023 Results on Jan 31, 2023Zeon Corporation announced that they will report Q3, 2023 results on Jan 31, 2023
