View Future GrowthZeon 과거 순이익 실적과거 기준 점검 4/6Zeon은 연평균 0.2%의 비율로 수입이 증가해 온 반면, Chemicals 산업은 수입이 5.4% 증가했습니다. 매출은 연평균 5%의 비율로 증가했습니다. Zeon의 자기자본이익률은 9.6%이고 순이익률은 8.8%입니다.핵심 정보0.25%순이익 성장률2.89%주당순이익(EPS) 성장률Chemicals 산업 성장률6.58%매출 성장률4.96%자기자본이익률9.60%순이익률8.79%최근 순이익 업데이트31 Mar 2026최근 과거 실적 업데이트분석 기사 • 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.공시 • 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, 2026Reported 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.공시 • Dec 16Zeon Corporation to Report Q3, 2026 Results on Jan 30, 2026Zeon Corporation announced that they will report Q3, 2026 results on Jan 30, 2026분석 기사 • 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...모든 업데이트 보기Recent updates분석 기사 • 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.공시 • May 14Zeon Corporation, Annual General Meeting, Jun 26, 2026Zeon Corporation, Annual General Meeting, Jun 26, 2026.공시 • 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.속보 • 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.공시 • 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%).분석 기사 • 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.분석 기사 • 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...공시 • 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.분석 기사 • 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...공시 • Dec 16Zeon Corporation to Report Q3, 2026 Results on Jan 30, 2026Zeon Corporation announced that they will report Q3, 2026 results on Jan 30, 2026분석 기사 • 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.분석 기사 • 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...분석 기사 • 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%).분석 기사 • 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...공시 • Sep 17Zeon Corporation to Report Q2, 2026 Results on Oct 30, 2025Zeon Corporation announced that they will report Q2, 2026 results on Oct 30, 2025분석 기사 • 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.분석 기사 • 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.분석 기사 • 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.분석 기사 • 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.분석 기사 • 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...공시 • Jun 06Zeon Corporation to Report Q1, 2026 Results on Jul 30, 2025Zeon Corporation announced that they will report Q1, 2026 results on Jul 30, 2025분석 기사 • 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.공시 • Apr 25+ 1 more updateZeon Corporation, Annual General Meeting, Jun 27, 2025Zeon Corporation, Annual General Meeting, Jun 27, 2025.분석 기사 • 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%).분석 기사 • 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.분석 기사 • 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...공시 • 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, 2025분석 기사 • 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.분석 기사 • 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...분석 기사 • 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...공시 • Dec 12Zeon Corporation to Report Q3, 2025 Results on Jan 31, 2025Zeon Corporation announced that they will report Q3, 2025 results on Jan 31, 2025분석 기사 • 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.분석 기사 • 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%).분석 기사 • 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...공시 • Sep 13Zeon Corporation to Report Q2, 2025 Results on Oct 28, 2024Zeon Corporation announced that they will report Q2, 2025 results on Oct 28, 2024분석 기사 • 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.분석 기사 • 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.분석 기사 • 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...분석 기사 • 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.분석 기사 • 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...공시 • Jun 15Zeon Corporation to Report Q1, 2025 Results on Jul 29, 2024Zeon Corporation announced that they will report Q1, 2025 results on Jul 29, 2024공시 • 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.분석 기사 • 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...분석 기사 • 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...공시 • 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.공시 • 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%).분석 기사 • 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...공시 • 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, 2024분석 기사 • 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...분석 기사 • 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.공시 • 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.공시 • 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.공시 • 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.공시 • Dec 26Zeon Corporation to Report Q3, 2023 Results on Jan 31, 2023Zeon Corporation announced that they will report Q3, 2023 results on Jan 31, 2023Board Change • Nov 16Less 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, none were independent directors. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent External Director Tadanobu Nagumo was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.매출 및 비용 세부 내역Zeon가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이TSE:4205 매출, 비용 및 순이익 (JPY Millions)날짜매출순이익일반관리비연구개발비31 Mar 26411,96636,22685,685031 Dec 25414,92634,39386,167030 Sep 25413,76836,20469,28818,22430 Jun 25417,62525,51589,254031 Mar 25420,64726,19971,26918,22431 Dec 24413,90630,32469,70418,23330 Sep 24410,18733,04267,65118,23330 Jun 24396,45733,45566,31718,23331 Mar 24382,27931,10163,77718,23331 Dec 23378,21513,19464,19317,58030 Sep 23376,6393,50963,84017,58030 Jun 23382,9657,69963,62917,58031 Mar 23388,61410,56964,88417,58031 Dec 22387,17924,33267,91015,86930 Sep 22380,07232,43866,62315,86930 Jun 22372,13532,06864,00615,86931 Mar 22361,73033,41360,05815,86931 Dec 21354,41337,63557,31714,25830 Sep 21343,62137,92854,22214,25830 Jun 21319,64034,19151,55314,25831 Mar 21301,96127,71649,88614,25831 Dec 20295,71720,97848,46915,27430 Sep 20296,02316,83348,80215,27430 Jun 20309,04017,71249,82915,27431 Mar 20321,96620,20150,53315,27431 Dec 19325,50222,55148,18616,48030 Sep 19331,82615,45948,14916,48030 Jun 19336,24517,87047,16816,48031 Mar 19337,49918,45847,11516,48031 Dec 18336,21519,25648,64615,10330 Sep 18335,04113,26448,97515,10330 Jun 18333,57912,70448,10715,10331 Mar 18332,68213,05647,28915,10331 Dec 17328,03113,50147,43113,23330 Sep 17314,09529,42244,69613,23330 Jun 17300,40126,29643,89613,23331 Mar 17287,62423,15242,92513,23331 Dec 16281,58420,44542,59914,14830 Sep 16283,42115,20443,12714,14830 Jun 16289,69216,33342,90214,14831 Mar 16295,64718,07943,18314,14831 Dec 15299,65817,71243,41813,62730 Sep 15306,58921,00242,38613,62730 Jun 15308,66220,77141,55613,627양질의 수익: 4205는 ¥9.3B 규모의 큰 일회성 이익이 있어 31st March, 2026까지 지난 12개월 재무 결과에 영향을 미쳤습니다.이익 마진 증가: 4205의 현재 순 이익률 (8.8%)은 지난해 (6.2%)보다 높습니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 4205의 수익은 지난 5년 동안 연평균 0.2% 증가했습니다.성장 가속화: 지난 1년간 4205 의 수익 증가율(38.3%)은 연간 평균(0.2%)을 초과합니다.수익 대 산업: 4205의 지난 1년 수익 증가율(38.3%)은 Chemicals 업계의 10.7%를 상회했습니다.자기자본이익률높은 ROE: 4205의 자본 수익률(9.6%)은 낮음으로 평가됩니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YMaterials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/22 07:32종가2026/05/22 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Zeon Corporation는 18명의 분석가가 다루고 있습니다. 이 중 7명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Mikiya YamadaBarclaysNiima KomuraBofA Global ResearchYuta NishiyamaCitigroup Inc15명의 분석가 더 보기
분석 기사 • 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.
공시 • 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
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.
공시 • 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
분석 기사 • 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...
분석 기사 • 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.
공시 • May 14Zeon Corporation, Annual General Meeting, Jun 26, 2026Zeon Corporation, Annual General Meeting, Jun 26, 2026.
공시 • 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.
속보 • 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.
공시 • 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%).
분석 기사 • 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.
분석 기사 • 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...
공시 • 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.
분석 기사 • 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...
공시 • 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
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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%).
분석 기사 • 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...
공시 • 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
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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...
공시 • 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
분석 기사 • 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.
공시 • Apr 25+ 1 more updateZeon Corporation, Annual General Meeting, Jun 27, 2025Zeon Corporation, Annual General Meeting, Jun 27, 2025.
분석 기사 • 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%).
분석 기사 • 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.
분석 기사 • 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...
공시 • 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
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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...
공시 • 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
분석 기사 • 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.
분석 기사 • 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%).
분석 기사 • 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...
공시 • 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
분석 기사 • 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.
분석 기사 • 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.
분석 기사 • 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...
분석 기사 • 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.
분석 기사 • 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...
공시 • 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
공시 • 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.
분석 기사 • 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...
분석 기사 • 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...
공시 • 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.
공시 • 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%).
분석 기사 • 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...
공시 • 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
분석 기사 • 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...
분석 기사 • 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.
공시 • 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.
공시 • 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.
공시 • 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.
공시 • 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
Board Change • Nov 16Less 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, none were independent directors. The company's board is composed of: 2 independent directors. 7 non-independent directors. Independent External Director Tadanobu Nagumo was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity.