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Japanese (NIKKEI) Chemicals Industry Analysis

UpdatedJul 16, 2026
DataAggregated Company Financials
Companies154
  • 7D4.6%
  • 3M10.7%
  • 1Y51.3%
  • YTD32.7%

Over the last 7 days, the Chemicals industry has risen 4.6%, driven by gains from Shin-Etsu Chemical of 5.0%. Meanwhile, Resonac Holdings actually underperformed within the industry, shrinking 5.4% in the last week. This takes the industry's 12 month performance to a gain of 51%. 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
Thu, 16 Jul 2026JP¥53.0tJP¥41.8tJP¥2.2t13.7x24.4x1.3x
Sat, 13 Jun 2026JP¥50.5tJP¥41.8tJP¥2.2t13.5x23.3x1.2x
Mon, 11 May 2026JP¥49.1tJP¥42.0tJP¥2.2t14x22.1x1.2x
Wed, 08 Apr 2026JP¥45.6tJP¥42.0tJP¥2.2t13.7x20.7x1.1x
Fri, 06 Mar 2026JP¥47.0tJP¥42.0tJP¥2.2t14.7x21.3x1.1x
Sun, 01 Feb 2026JP¥42.3tJP¥41.8tJP¥2.1t12.8x20.3x1x
Tue, 30 Dec 2025JP¥40.1tJP¥41.8tJP¥2.1t12.7x19.3x1x
Thu, 27 Nov 2025JP¥38.5tJP¥41.8tJP¥2.1t12.3x18.5x0.9x
Sat, 25 Oct 2025JP¥38.9tJP¥42.3tJP¥2.1t13.3x18.9x0.9x
Mon, 22 Sep 2025JP¥37.8tJP¥42.3tJP¥2.1t13x18.4x0.9x
Wed, 20 Aug 2025JP¥37.2tJP¥42.4tJP¥2.0t12.6x18.3x0.9x
Fri, 18 Jul 2025JP¥35.8tJP¥42.7tJP¥2.2t11.3x16.6x0.8x
Sun, 15 Jun 2025JP¥33.8tJP¥42.7tJP¥2.2t10.8x15.7x0.8x
Tue, 13 May 2025JP¥34.0tJP¥42.7tJP¥2.1t10.7x16.5x0.8x
Thu, 10 Apr 2025JP¥29.3tJP¥42.5tJP¥2.0t9.5x14.6x0.7x
Sat, 08 Mar 2025JP¥35.2tJP¥42.5tJP¥2.0t11.5x17.7x0.8x
Mon, 03 Feb 2025JP¥35.6tJP¥42.1tJP¥1.9t12x19x0.8x
Wed, 01 Jan 2025JP¥37.0tJP¥42.1tJP¥1.9t12.2x20x0.9x
Fri, 29 Nov 2024JP¥36.9tJP¥42.1tJP¥1.9t12x19.9x0.9x
Sun, 27 Oct 2024JP¥37.3tJP¥41.7tJP¥1.9t11.5x19.5x0.9x
Tue, 24 Sep 2024JP¥37.9tJP¥41.6tJP¥1.9t12.2x19.8x0.9x
Thu, 22 Aug 2024JP¥37.7tJP¥41.5tJP¥1.9t11.9x19.9x0.9x
Sat, 20 Jul 2024JP¥40.7tJP¥40.8tJP¥1.7t13.1x23.3x1x
Mon, 17 Jun 2024JP¥39.8tJP¥41.2tJP¥1.7t13.1x22.9x1x
Wed, 15 May 2024JP¥39.6tJP¥41.0tJP¥1.9t13.8x21.2x1x
Fri, 12 Apr 2024JP¥41.1tJP¥41.0tJP¥1.7t14.4x24.4x1x
Sun, 10 Mar 2024JP¥41.1tJP¥41.0tJP¥1.7t14.2x24.4x1x
Tue, 06 Feb 2024JP¥38.8tJP¥41.0tJP¥1.6t13.9x24.6x0.9x
Thu, 04 Jan 2024JP¥37.8tJP¥41.4tJP¥1.7t14.1x22.8x0.9x
Sat, 02 Dec 2023JP¥36.5tJP¥41.4tJP¥1.7t14.1x22.1x0.9x
Mon, 30 Oct 2023JP¥33.4tJP¥41.8tJP¥1.8t13.7x19.1x0.8x
Wed, 27 Sep 2023JP¥34.8tJP¥42.0tJP¥1.8t13.6x19.1x0.8x
Fri, 25 Aug 2023JP¥34.2tJP¥42.0tJP¥1.8t13.2x18.7x0.8x
Sun, 23 Jul 2023JP¥34.2tJP¥42.5tJP¥2.1t12.8x16.3x0.8x
Price to Earnings Ratio

16.3x


Total Market Cap: JP¥34.2tTotal Earnings: JP¥2.1tTotal Revenue: JP¥42.5tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Chemicals Industry Price to Earnings3Y Average 20.1x202420252026
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 24.4x which is higher than its 3-year average PE of 20.1x.
  • The 3-year average PS ratio of 0.93x is lower than the industry's current PS ratio of 1.3x.
Past Earnings Growth
  • Both revenue and earnings for companies in the Chemicals industry have remained mostly flat over the last three years.
  • This means that sales and the cost of doing business have remained relatively consistent over this period and subsequently, so have profits.

Industry Trends

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

JP Market1.83%
Materials4.32%
Chemicals4.62%
Specialty Chemicals7.15%
Diversified Chemicals2.75%
Commodity Chemicals2.22%
Fertilizers and Agricultural Chemicals1.71%
Industrial Gases-0.72%
Industry PE
  • Investors are most optimistic about the Diversified Chemicals industry which is trading above its 3-year average PE ratio of 32.9x.
    • Analysts are expecting annual earnings growth of 22.7%, which is higher than its past year's earnings growth of 11.1% 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 10.7x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Chemicals industry, expecting annual earnings growth of 23% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 7.4% 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¥7.36k5.0%
+JP¥652.7b		57.9%PE28.8x
6988 Nitto DenkoJP¥3.32k5.9%
+JP¥123.5b		17.1%PE16.6x
4188 Mitsubishi Chemical GroupJP¥1.20k3.0%
+JP¥47.5b		54.9%PS0.4x
4186 Tokyo Ohka KogyoJP¥10.47k3.4%
+JP¥40.8b		158.1%PE33.4x
3407 Asahi KaseiJP¥1.88k1.4%
+JP¥33.7b		85.3%PE15.9x

Latest News

3407
JP¥1,876.00
Asahi Kasei
7D
1.4%
1Y
85.3%
4188
JP¥1,202.50
Mitsubishi Chemical Group
7D
3.0%
1Y
54.9%
Narrative Update • Jul 15

4188: Slightly Lower Discount Rate Will Support Fairly Valued Shares

Analysts now place Mitsubishi Chemical Group's fair value at ¥1,189.09, compared with the prior ¥1,119.09. This reflects updated assumptions around the discount rate, revenue growth, profit margin and future P/E estimates.
4004
JP¥14,895.00
Resonac Holdings
7D
-5.4%
1Y
312.3%
Narrative Update • Jul 15

4004: Semiconductor Upside And Index Inclusions Will Support Stronger Earnings Expectations

The updated analyst price target for Resonac Holdings has shifted from a fair value estimate of ¥15,085 to approximately ¥20,533, with analysts citing revised assumptions for revenue growth, profit margins, and future P/E as the basis for this change. What's in the News Resonac Holdings scheduled a Board Meeting for June 23, 2026, to consider the purchase of shares held by untraceable shareholders.
4186
JP¥10,465.00
Tokyo Ohka Kogyo
7D
3.4%
1Y
158.1%
Analysis Article • Jul 14

With EPS Growth And More, Tokyo Ohka Kogyo (TSE:4186) Makes An Interesting Case

Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
3402
JP¥1,166.50
Toray Industries
7D
1.8%
1Y
19.0%
Narrative Update • Jul 09

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Analysts have lifted their price target on Toray Industries from ¥1,492.62 to ¥1,600, citing updated assumptions around revenue growth, profit margins, the discount rate, and future P/E levels. What's in the News No recent company specific news for Toray Industries has been provided in the available sources.
4403
JP¥2,741.50
NOF
7D
-1.5%
1Y
-7.0%
4091
JP¥6,031.00
Nippon Sanso Holdings
7D
-1.9%
1Y
11.4%
Narrative Update • Jul 08

4091: Higher P/E Assumptions Will Likely Expose Dry Ice Expansion Risk

The analyst price target for Nippon Sanso Holdings has been revised from ¥4,400 to ¥5,000 as analysts apply a slightly lower discount rate, along with updated assumptions for revenue growth, profit margins, and a higher future P/E multiple. What’s in the News for Nippon Sanso Holdings Nippon Sanso Holdings and Cold Jet bv launched a fully automated dry ice production and recovery facility in Köping, with capacity of 2.2 tons per hour and on site CO2 recovery systems designed to improve conversion efficiency and reduce waste (source: Key Developments).
4063
JP¥7,361.00
Shin-Etsu Chemical
7D
5.0%
1Y
57.9%
4182
JP¥4,597.00
Mitsubishi Gas Chemical Company
7D
-1.3%
1Y
81.8%
4183
JP¥2,185.00
Mitsui Chemicals
7D
3.9%
1Y
30.1%
Narrative Update • Jul 01

4183: Buybacks And Treasury Share Disposal Plans Will Shape A Balanced Outlook

The analyst price target for Mitsui Chemicals has been revised from ¥2,251.67 to ¥2,350.00. Analysts cited updated assumptions around revenue growth, profit margin and future P/E as the basis for the change.
3405
JP¥1,766.50
Kuraray
7D
4.5%
1Y
-4.6%
4613
JP¥2,655.50
Kansai Paint
7D
-1.9%
1Y
28.9%
4631
JP¥4,560.00
DIC
7D
-2.3%
1Y
56.4%
4088
JP¥2,530.00
Air Water
7D
-3.7%
1Y
16.7%
6988
JP¥3,315.00
Nitto Denko
7D
5.9%
1Y
17.1%
4021
JP¥7,884.00
Nissan Chemical
7D
-3.4%
1Y
68.5%