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Japanese (NIKKEI) Chemicals Industry Analysis

UpdatedAug 30, 2026
DataAggregated Company Financials
Companies153
  • 7D-0.05%
  • 3M-7.4%
  • 1Y33.7%
  • YTD23.3%

The Chemicals is pretty flat in the last 7 days, but Mitsubishi Chemical Group has stood out, gaining 3.1%. The past year has been better, since the industry has gained 34% in that time. Looking forward, earnings are forecast to grow by 13% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 30 Aug 2026JP¥49.3tJP¥43.0tJP¥2.5t12.8x20.1x1.1x
Tue, 28 Jul 2026JP¥49.5tJP¥41.8tJP¥2.2t13.5x22.8x1.2x
Thu, 25 Jun 2026JP¥51.5tJP¥41.8tJP¥2.2t13.4x23.8x1.2x
Sat, 23 May 2026JP¥50.4tJP¥41.8tJP¥2.2t12.7x23.3x1.2x
Mon, 20 Apr 2026JP¥47.4tJP¥42.0tJP¥2.2t14.4x21.5x1.1x
Wed, 18 Mar 2026JP¥45.8tJP¥42.0tJP¥2.2t13.9x20.8x1.1x
Fri, 13 Feb 2026JP¥46.9tJP¥41.9tJP¥2.1t14.5x22x1.1x
Sun, 11 Jan 2026JP¥41.1tJP¥41.8tJP¥2.1t13x19.7x1x
Tue, 09 Dec 2025JP¥39.3tJP¥41.8tJP¥2.1t12.5x18.9x0.9x
Thu, 06 Nov 2025JP¥37.3tJP¥42.1tJP¥2.1t13x17.5x0.9x
Sat, 04 Oct 2025JP¥38.2tJP¥42.3tJP¥2.1t12.6x18.6x0.9x
Mon, 01 Sep 2025JP¥37.3tJP¥42.3tJP¥2.1t12.5x18.1x0.9x
Wed, 30 Jul 2025JP¥36.2tJP¥42.7tJP¥2.1t11.7x17x0.8x
Fri, 27 Jun 2025JP¥34.8tJP¥42.7tJP¥2.2t11x16.1x0.8x
Sun, 25 May 2025JP¥33.5tJP¥42.7tJP¥2.2t10.6x15.5x0.8x
Tue, 22 Apr 2025JP¥30.9tJP¥42.5tJP¥2.0t10.1x15.4x0.7x
Thu, 20 Mar 2025JP¥35.9tJP¥42.5tJP¥2.0t11.4x18x0.8x
Sat, 15 Feb 2025JP¥35.0tJP¥42.4tJP¥2.0t11.4x17.8x0.8x
Mon, 13 Jan 2025JP¥36.1tJP¥42.0tJP¥1.9t12x19.5x0.9x
Wed, 11 Dec 2024JP¥37.2tJP¥42.1tJP¥1.9t12.3x20x0.9x
Fri, 08 Nov 2024JP¥38.7tJP¥41.8tJP¥1.9t12.3x20.2x0.9x
Sun, 06 Oct 2024JP¥39.1tJP¥41.6tJP¥1.9t12.2x20.4x0.9x
Tue, 03 Sep 2024JP¥38.9tJP¥41.6tJP¥1.9t12.7x20.4x0.9x
Thu, 01 Aug 2024JP¥40.5tJP¥40.9tJP¥1.8t13.2x23x1x
Sat, 29 Jun 2024JP¥39.5tJP¥40.8tJP¥1.7t13.2x22.7x1x
Mon, 27 May 2024JP¥39.1tJP¥41.2tJP¥1.7t13.2x22.6x0.9x
Wed, 24 Apr 2024JP¥39.7tJP¥41.0tJP¥1.7t14.2x23.6x1x
Fri, 22 Mar 2024JP¥42.3tJP¥41.0tJP¥1.7t14.4x25.2x1x
Sun, 18 Feb 2024JP¥39.4tJP¥41.0tJP¥1.7t13.7x23.4x1x
Tue, 16 Jan 2024JP¥38.7tJP¥41.4tJP¥1.7t14.6x23.4x0.9x
Thu, 14 Dec 2023JP¥35.5tJP¥41.4tJP¥1.7t14x21.4x0.9x
Sat, 11 Nov 2023JP¥35.5tJP¥41.3tJP¥1.7t13.6x21.4x0.9x
Mon, 09 Oct 2023JP¥33.2tJP¥42.0tJP¥1.8t13.4x18.2x0.8x
Wed, 06 Sep 2023JP¥36.0tJP¥42.0tJP¥1.8t13.9x19.7x0.9x
Price to Earnings Ratio

19.7x


Total Market Cap: JP¥36.0tTotal Earnings: JP¥1.8tTotal Revenue: JP¥42.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Chemicals Industry Price to Earnings3Y Average 20.3x202420252026
Current Industry PE
  • Investors are relatively neutral on the Japanese Chemicals industry at the moment, indicating that they anticipate long term growth rates to remain steady.
  • The industry is trading close to its 3-year average PE ratio of 20.3x.
  • The 3-year average PS ratio of 0.94x is lower than the industry's current PS ratio of 1.1x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have grown 10% per year over the last three years, while revenues have remained mostly flat.
  • This means that companies overall are more efficiently conducting business since profits are increasing while sales have been flat.

Industry Trends

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

JP Market1.54%
Materials1.07%
Chemicals-0.049%
Diversified Chemicals0.91%
Commodity Chemicals-0.13%
Industrial Gases-0.27%
Specialty Chemicals-0.36%
Fertilizers and Agricultural Chemicals-1.08%
Industry PE
  • Investors are most optimistic about the Industrial Gases industry which is trading above its 3-year average PE ratio of 18.4x.
    • Analysts are expecting annual earnings growth of 24.2%, which is higher than its past year's earnings growth of 12.1% 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 10.9x.
Forecasted Growth
  • Analysts are most optimistic on the Industrial Gases industry, expecting annual earnings growth of 24% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Fertilizers and Agricultural Chemicals industry is expected to see its earnings grow by 7.9% 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
4188 Mitsubishi Chemical GroupJP¥1.18k3.1%
+JP¥48.9b		40.1%PS0.4x
6988 Nitto DenkoJP¥3.47k1.7%
+JP¥37.9b		3.1%PE16.9x
4203 Sumitomo BakeliteJP¥7.44k3.8%
+JP¥24.0b		49.2%PE20.7x
4107 ISE ChemicalsJP¥4.34k11.1%
+JP¥22.2b		59.3%PE36.8x
4004 Resonac HoldingsJP¥16.18k0.7%
+JP¥21.8b		316.0%PE53.1x

Latest News

4082
JP¥2,830.00
Daiichi Kigenso Kagaku Kogyo
7D
45.4%
1Y
309.6%
4186
JP¥8,609.00
Tokyo Ohka Kogyo
7D
-1.0%
1Y
81.2%
4188
JP¥1,183.50
Mitsubishi Chemical Group
7D
3.1%
1Y
40.1%
Narrative Update • Aug 27

4188: Quantum Computing Partnership Will Support Future Upside In Semiconductor Materials

Analysts have modestly adjusted their price target for Mitsubishi Chemical Group to around ¥1,720 from approximately ¥1,680, reflecting updated views on fair value, discount rate, revenue growth, profit margins and future P/E assumptions. What's in the News for Mitsubishi Chemical Group Mitsubishi Chemical Group and Xanadu Quantum Technologies entered the next phase of their collaboration to use quantum computing algorithms in semiconductor fabrication, with support from Canadian and Japanese national innovation programs.
4004
JP¥16,175.00
Resonac Holdings
7D
0.7%
1Y
316.0%
Narrative Update • Aug 25

4004: Index Additions And Buybacks Will Support Semiconductor Margin Upside

Analysts have lifted their fair value estimate for Resonac Holdings from ¥24,580 to ¥28,000, citing revised assumptions that pair a slightly higher discount rate and P/E multiple with updated views on revenue growth and profit margin. What's in the News for Resonac Holdings A board meeting is scheduled for August 25, 2026 to consider a resolution on the partial spin off of the Crasus Chemical petrochemical business.
6988
JP¥3,471.00
Nitto Denko
7D
1.7%
1Y
3.1%
3407
JP¥1,615.50
Asahi Kasei
7D
-1.6%
1Y
33.6%
3402
JP¥1,288.50
Toray Industries
7D
-0.8%
1Y
29.7%
Narrative Update • Aug 21

3402: Higher P/E Assumptions Will Likely Overstate Earnings Recovery Potential

Analysts have adjusted their price target for Toray Industries from ¥970 to about ¥1,000. This reflects updated views on its fair value, discount rate, revenue growth, profit margin and future P/E assumptions.
4631
JP¥4,953.00
DIC
7D
-4.6%
1Y
44.2%
4182
JP¥3,910.00
Mitsubishi Gas Chemical Company
7D
2.1%
1Y
45.8%
4368
JP¥2,971.00
Fuso ChemicalLtd
7D
-3.4%
1Y
90.0%
Analysis Article • Aug 11

Fuso Chemical Co.,Ltd. Beat Revenue Forecasts By 8.0%: Here's What Analysts Are Forecasting Next

There's been a notable change in appetite for Fuso Chemical Co.,Ltd. ( TSE:4368 ) shares in the week since its...
4612
JP¥1,178.00
Nippon Paint Holdings
7D
-1.9%
1Y
9.7%
Analysis Article • Aug 11

Nippon Paint Holdings Co., Ltd. Just Beat EPS By 50%: Here's What Analysts Think Will Happen Next

Nippon Paint Holdings Co., Ltd. ( TSE:4612 ) defied analyst predictions to release its half-yearly results, which were...
4021
JP¥8,130.00
Nissan Chemical
7D
1.9%
1Y
55.3%
4203
JP¥7,444.00
Sumitomo Bakelite
7D
3.8%
1Y
49.2%
Analysis Article • Aug 05

Sumitomo Bakelite Company Limited Beat Revenue Forecasts By 14%: Here's What Analysts Are Forecasting Next

Shareholders will be ecstatic, with their stake up 31% over the past week following Sumitomo Bakelite Company Limited...
4091
JP¥5,601.00
Nippon Sanso Holdings
7D
-0.5%
1Y
4.0%
Narrative Update • Aug 05

4091: Automation And Dividend Policy Will Support Steady Long-Term Outlook

Analysts have increased their fair value estimate for Nippon Sanso Holdings from ¥6,106.25 to ¥6,325.00, citing updated assumptions for discount rate, revenue growth, profit margin, and future P/E. What's in the News Nippon Sanso Holdings and Cold Jet launched a fully automated dry ice production and recovery facility in Köping, Sweden, with capacity of 2.2 tons of dry ice per hour.
4107
JP¥4,340.00
ISE Chemicals
7D
11.1%
1Y
59.3%
4063
JP¥6,001.00
Shin-Etsu Chemical
7D
-0.8%
1Y
31.7%
Analysis Article • Jul 28

Shin-Etsu Chemical Co., Ltd. (TSE:4063) First-Quarter Results Just Came Out: Here's What Analysts Are Forecasting For This Year

It's been a sad week for Shin-Etsu Chemical Co., Ltd. ( TSE:4063 ), who've watched their investment drop 19% to...