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Japanese (NIKKEI) Chemicals Industry Analysis

UpdatedFeb 27, 2026
DataAggregated Company Financials
Companies156
  • 7D1.0%
  • 3M23.5%
  • 1Y43.0%
  • YTD20.7%

The Chemicals is pretty flat in the last 7 days, but Shin-Etsu Chemical has stood out, gaining 7.2%. The past year has been better, since the industry has gained 43% in that time. As for the next few years, earnings are expected to grow by 13% per annum.

Industry Valuation and Performance

Has the Japanese Chemicals Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 27 Feb 2026JP¥48.4tJP¥42.0tJP¥2.2t15.2x22x1.2x
Sun, 25 Jan 2026JP¥43.6tJP¥41.8tJP¥2.1t13.5x21x1x
Tue, 23 Dec 2025JP¥39.8tJP¥41.8tJP¥2.1t12.7x19.2x1x
Thu, 20 Nov 2025JP¥37.1tJP¥41.8tJP¥2.1t12x17.8x0.9x
Sat, 18 Oct 2025JP¥37.8tJP¥42.3tJP¥2.1t12.8x18.4x0.9x
Mon, 15 Sep 2025JP¥37.6tJP¥42.3tJP¥2.1t13x18.3x0.9x
Wed, 13 Aug 2025JP¥36.7tJP¥42.4tJP¥2.0t12.3x18x0.9x
Fri, 11 Jul 2025JP¥35.6tJP¥42.7tJP¥2.2t11.1x16.5x0.8x
Sun, 08 Jun 2025JP¥34.0tJP¥42.7tJP¥2.2t10.8x15.8x0.8x
Tue, 06 May 2025JP¥33.5tJP¥42.6tJP¥2.0t10.8x16.7x0.8x
Thu, 03 Apr 2025JP¥33.8tJP¥42.5tJP¥2.0t10.8x16.8x0.8x
Sat, 01 Mar 2025JP¥34.5tJP¥42.5tJP¥2.0t11.3x17.4x0.8x
Mon, 27 Jan 2025JP¥36.4tJP¥42.1tJP¥1.9t12.1x19.6x0.9x
Wed, 25 Dec 2024JP¥36.4tJP¥42.1tJP¥1.9t12.2x19.6x0.9x
Fri, 22 Nov 2024JP¥36.9tJP¥42.1tJP¥1.9t12x19.8x0.9x
Sun, 20 Oct 2024JP¥38.3tJP¥41.6tJP¥1.9t11.9x20x0.9x
Tue, 17 Sep 2024JP¥36.7tJP¥41.6tJP¥1.9t12x19.2x0.9x
Thu, 15 Aug 2024JP¥37.1tJP¥41.5tJP¥1.9t11.6x19.7x0.9x
Sat, 13 Jul 2024JP¥40.7tJP¥40.8tJP¥1.7t13.2x23.4x1x
Mon, 10 Jun 2024JP¥39.7tJP¥41.2tJP¥1.7t13x22.9x1x
Wed, 08 May 2024JP¥39.5tJP¥40.9tJP¥1.7t14.3x23.4x1x
Fri, 05 Apr 2024JP¥40.5tJP¥41.0tJP¥1.7t14.2x24.1x1x
Sun, 03 Mar 2024JP¥40.8tJP¥41.0tJP¥1.7t14.1x24.3x1x
Tue, 30 Jan 2024JP¥38.1tJP¥41.2tJP¥1.6t14.3x24.1x0.9x
Thu, 28 Dec 2023JP¥37.5tJP¥41.4tJP¥1.7t13.9x22.7x0.9x
Sat, 25 Nov 2023JP¥36.9tJP¥41.4tJP¥1.7t13.8x22.3x0.9x
Mon, 23 Oct 2023JP¥33.3tJP¥42.0tJP¥1.8t13.3x18.2x0.8x
Wed, 20 Sep 2023JP¥35.7tJP¥42.0tJP¥1.8t13.8x19.6x0.9x
Fri, 18 Aug 2023JP¥34.0tJP¥42.0tJP¥1.8t12.9x18.6x0.8x
Sun, 16 Jul 2023JP¥34.2tJP¥42.5tJP¥2.1t12.7x16.3x0.8x
Tue, 13 Jun 2023JP¥34.0tJP¥42.5tJP¥2.1t12.3x16.3x0.8x
Thu, 11 May 2023JP¥32.0tJP¥42.0tJP¥2.4t11.7x13.2x0.8x
Sat, 08 Apr 2023JP¥30.9tJP¥42.0tJP¥2.5t10.7x12.4x0.7x
Mon, 06 Mar 2023JP¥31.6tJP¥42.0tJP¥2.5t11x12.7x0.8x
Price to Earnings Ratio

12.7x


Total Market Cap: JP¥31.6tTotal Earnings: JP¥2.5tTotal Revenue: JP¥42.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Chemicals Industry Price to Earnings3Y Average 19.1x202420252026
Current Industry PE
  • Investors are optimistic on the Japanese Chemicals industry, and appear confident in long term growth rates.
  • The industry is trading at a PE ratio of 22.0x which is higher than its 3-year average PE of 19.1x.
  • The 3-year average PS ratio of 0.88x is lower than the industry's current PS ratio of 1.2x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 4.0% per year over the last three years.
  • Meanwhile revenues have remained mostly flat.
  • This means that although sales have remained flat, either the cost of doing business or the level of investment back into businesses has increased, which has decreased profits.

Industry Trends

Which industries have driven the changes within the Japanese Materials industry?

JP Market0.75%
Materials2.38%
Chemicals0.96%
Industrial Gases1.88%
Specialty Chemicals1.02%
Diversified Chemicals0.82%
Commodity Chemicals0.69%
Fertilizers and Agricultural Chemicals0.34%
Industry PE
  • Investors are most optimistic about the Commodity Chemicals industry which is trading above its 3-year average PE ratio of 22.5x.
    • Analysts are expecting annual earnings growth of 18.8%, which is higher than its past year's earnings decline of 1.1% per year.
  • Investors are most pessimistic about the Fertilizers and Agricultural Chemicals industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 10.0x.
Forecasted Growth
  • Analysts are most optimistic on the Commodity Chemicals industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings decline of 1.1% per year.
  • In contrast, the Specialty Chemicals industry is expected to see its earnings grow by 8.3% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
4063 Shin-Etsu ChemicalJP¥6.17k7.3%
+JP¥775.7b		37.3%PE23.6x
3407 Asahi KaseiJP¥1.84k6.0%
+JP¥141.7b		80.6%PE15.9x
4004 Resonac HoldingsJP¥11.93k6.3%
+JP¥128.5b		244.3%PE74.4x
3402 Toray IndustriesJP¥1.34k4.8%
+JP¥89.9b		34.5%PE46x
4091 Nippon Sanso HoldingsJP¥5.99k3.0%
+JP¥75.7b		31.5%PE22.7x

Latest News

4188
JP¥1,160.50
Mitsubishi Chemical Group
7D
3.8%
1Y
52.5%

4188: Structural Reforms And Decarbonization Shift Will Depress Earnings And Margins

Analysts have adjusted their price target for Mitsubishi Chemical Group to ¥982.73. The change reflects updated views on a slightly higher discount rate, softer revenue growth assumptions, modestly lower profit margin expectations, and a higher future P/E multiple.
4626
JP¥5,371.00
Taiyo Holdings
7D
-10.3%
1Y
173.0%
4004
JP¥11,930.00
Resonac Holdings
7D
6.3%
1Y
244.3%
3402
JP¥1,340.00
Toray Industries
7D
4.8%
1Y
34.5%

3402: Share Buybacks And Renewable Plastics Alliance Will Support Balanced Future Returns

Analysts have raised their fair value estimate for Toray Industries from ¥1,147.92 to ¥1,193.75, reflecting updated assumptions for the discount rate, revenue growth, profit margins and a future P/E of 14.96. What's in the News Toray revised its consolidated earnings guidance for the fiscal year ending March 31, 2026, and now expects revenue of ¥2,600,000 million compared with the previous forecast of ¥2,630,000 million, with core operating income held at ¥150,000 million and profit attributable to owners of parent unchanged at ¥82,000 million (Key Developments).
4182
JP¥4,364.00
Mitsubishi Gas Chemical Company
7D
-0.9%
1Y
90.4%
4091
JP¥5,993.00
Nippon Sanso Holdings
7D
3.0%
1Y
31.5%

4091: Higher Earnings Guidance Will Support A Steady Profitability Outlook

Analysts have nudged their fair value estimate for Nippon Sanso Holdings to ¥5,500 from ¥5,332, reflecting updated assumptions around discount rates, revenue growth, profit margins, and future P/E levels. What's in the News Nippon Sanso Holdings raised its revenue guidance for the fiscal year ending March 31, 2026 to ¥1,330,000m from ¥1,290,000m, reflecting updated expectations for group sales under current currency and pricing conditions (Key Developments).
4028
JP¥3,920.00
Ishihara Sangyo KaishaLtd
7D
-0.8%
1Y
130.9%
4612
JP¥1,157.00
Nippon Paint Holdings
7D
-0.09%
1Y
3.9%

4612: Buybacks And M&A Will Support Modest Returns With Balanced Risks

Analysts have nudged their price target for Nippon Paint Holdings up from ¥1,240 to about ¥1,255, citing updated assumptions that include a slightly lower discount rate, a modest adjustment to revenue growth, a small uplift in profit margin, and a reduced future P/E multiple. What's in the News Nippon Paint Holdings issued consolidated earnings guidance for the fiscal year ending December 31, 2026, with expected revenue of ¥1.92b, operating profit of ¥283,000 million, profit attributable to owners of parent of ¥198,000 million, and basic EPS of ¥85.34 (company guidance).
3407
JP¥1,844.50
Asahi Kasei
7D
6.0%
1Y
80.6%
4403
JP¥3,138.00
NOF
7D
5.7%
1Y
55.5%
4222
JP¥1,240.00
Kodama Chemical IndustryLtd
7D
-12.1%
1Y
195.9%
4107
JP¥6,710.00
ISE Chemicals
7D
-4.6%
1Y
187.9%

ISE Chemicals Corporation's (TSE:4107) 43% Jump Shows Its Popularity With Investors

Feb 12
ISE Chemicals Corporation's (TSE:4107) 43% Jump Shows Its Popularity With Investors
4021
JP¥7,107.00
Nissan Chemical
7D
7.7%
1Y
64.6%

Nissan Chemical Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year

Feb 12
Nissan Chemical Corporation Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year
4186
JP¥9,220.00
Tokyo Ohka Kogyo
7D
-0.2%
1Y
159.3%

Tokyo Ohka Kogyo Co., Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Feb 12
Tokyo Ohka Kogyo Co., Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year
4046
JP¥2,354.00
Osaka Soda
7D
-1.3%
1Y
68.5%
4063
JP¥6,168.00
Shin-Etsu Chemical
7D
7.3%
1Y
37.3%

Shin-Etsu Chemical Co., Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year

Jan 30
Shin-Etsu Chemical Co., Ltd. Beat Analyst Estimates: See What The Consensus Is Forecasting For Next Year