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Japanese (NIKKEI) Chemicals Industry Analysis

UpdatedJan 11, 2026
DataAggregated Company Financials
Companies157
  • 7D3.0%
  • 3M7.5%
  • 1Y17.4%
  • YTD2.0%

In the last week, the Chemicals industry is up 3.0%, with Shin-Etsu Chemical up 4.9%. This means that the industry has gained 17% over the past year. 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
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
Fri, 04 Aug 2023JP¥34.5tJP¥42.2tJP¥1.9t12.8x17.8x0.8x
Sun, 02 Jul 2023JP¥35.1tJP¥42.5tJP¥2.1t12.8x16.7x0.8x
Tue, 30 May 2023JP¥32.9tJP¥42.4tJP¥2.1t12.2x15.7x0.8x
Thu, 27 Apr 2023JP¥31.4tJP¥42.0tJP¥2.5t10.5x12.6x0.7x
Sat, 25 Mar 2023JP¥31.2tJP¥42.0tJP¥2.5t10.7x12.5x0.7x
Mon, 20 Feb 2023JP¥30.9tJP¥42.0tJP¥2.5t10.7x12.4x0.7x
Wed, 18 Jan 2023JP¥28.1tJP¥40.8tJP¥2.7t9.5x10.2x0.7x
Price to Earnings Ratio

10.2x


Total Market Cap: JP¥28.1tTotal Earnings: JP¥2.7tTotal Revenue: JP¥40.8tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Chemicals Industry Price to Earnings3Y Average 18.7x202420252026
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 18.7x.
  • The industry is trading close to its 3-year average PS ratio of 0.86x.
Past Earnings Growth
  • The earnings for companies in the Chemicals industry have declined 8.8% 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 Market2.98%
Materials3.85%
Chemicals2.98%
Industrial Gases4.90%
Commodity Chemicals3.63%
Diversified Chemicals2.69%
Specialty Chemicals2.57%
Fertilizers and Agricultural Chemicals-0.065%
Industry PE
  • Investors are most optimistic about the Commodity Chemicals industry which is trading above its 3-year average PE ratio of 21.9x.
    • Analysts are expecting annual earnings growth of 18.9%, which is higher than its past year's earnings growth of 8.5% 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 9.7x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Chemicals industry, expecting annual earnings growth of 22% over the next 5 years.
  • This is better than its past earnings growth rate of 8.4% per year.
  • In contrast, the Specialty Chemicals industry is expected to see its earnings grow by 8.0% 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¥5.11k4.9%
+JP¥451.4b		-1.6%PE19.2x
3402 Toray IndustriesJP¥1.11k8.4%
+JP¥127.8b		8.2%PE27.9x
4091 Nippon Sanso HoldingsJP¥4.93k5.5%
+JP¥112.1b		16.1%PE19.9x
3407 Asahi KaseiJP¥1.44k4.0%
+JP¥74.7b		35.7%PE13.9x
4188 Mitsubishi Chemical GroupJP¥953.404.2%
+JP¥52.0b		20.7%PE67x

Latest News

3402
JP¥1,105.50
Toray Industries
7D
8.4%
1Y
8.2%

3402: Ongoing Share Cancellations And Higher Dividend Will Support Balanced Capital Returns

Analysts now place Toray Industries' fair value at ¥1,138.75, a modest adjustment from ¥1,137.08. This reflects updated assumptions around discount rate, revenue growth, profit margin and future P/E.
3407
JP¥1,444.00
Asahi Kasei
7D
4.0%
1Y
35.7%
4612
JP¥1,058.00
Nippon Paint Holdings
7D
1.0%
1Y
8.0%
4063
JP¥5,114.00
Shin-Etsu Chemical
7D
4.9%
1Y
-1.6%
4004
JP¥6,810.00
Resonac Holdings
7D
4.4%
1Y
68.6%

4004: Revised Assumptions Will Support Balanced Outlook Through 2026

Analysts have raised their fair value estimate for Resonac Holdings from ¥6,258 to ¥6,659, pointing to updated assumptions for revenue growth, profit margins and future P/E that they see as better reflecting the company’s current outlook. Valuation Changes Fair Value Estimate, revised from ¥6,258 to ¥6,659, suggesting a higher assessed worth for the shares.
4091
JP¥4,927.00
Nippon Sanso Holdings
7D
5.5%
1Y
16.1%

Returns On Capital Are Showing Encouraging Signs At Nippon Sanso Holdings (TSE:4091)

Jan 02
Returns On Capital Are Showing Encouraging Signs At Nippon Sanso Holdings (TSE:4091)
4188
JP¥953.40
Mitsubishi Chemical Group
7D
4.2%
1Y
20.7%

Mitsubishi Chemical Group (TSE:4188) Will Pay A Dividend Of ¥16.00

Dec 31
Mitsubishi Chemical Group (TSE:4188) Will Pay A Dividend Of ¥16.00
4186
JP¥6,039.00
Tokyo Ohka Kogyo
7D
4.0%
1Y
61.9%
6988
JP¥3,630.00
Nitto Denko
7D
-2.3%
1Y
36.5%

Nitto Denko's (TSE:6988) Dividend Will Be ¥30.00

Dec 30
Nitto Denko's (TSE:6988) Dividend Will Be ¥30.00
4107
JP¥4,520.00
ISE Chemicals
7D
-3.6%
1Y
53.1%

Why Investors Shouldn't Be Surprised By ISE Chemicals Corporation's (TSE:4107) 35% Share Price Surge

Dec 29
Why Investors Shouldn't Be Surprised By ISE Chemicals Corporation's (TSE:4107) 35% Share Price Surge
4631
JP¥3,629.00
DIC
7D
-0.7%
1Y
2.5%
4971
JP¥4,990.00
MEC
7D
-2.2%
1Y
36.3%
4099
JP¥2,680.00
Shikoku Kasei Holdings
7D
-2.4%
1Y
39.8%
4471
JP¥5,130.00
Sanyo Chemical Industries
7D
-1.7%
1Y
30.2%
4216
JP¥5,230.00
Asahi Yukizai
7D
-3.3%
1Y
20.2%

Asahi Yukizai (TSE:4216) Has Announced A Dividend Of ¥60.00

Dec 09
Asahi Yukizai (TSE:4216) Has Announced A Dividend Of ¥60.00
6036
JP¥3,375.00
KeePer Technical Laboratory
7D
-4.1%
1Y
-23.7%

KeePer Technical Laboratory Co., Ltd.'s (TSE:6036) Earnings Haven't Escaped The Attention Of Investors

Nov 19
KeePer Technical Laboratory Co., Ltd.'s (TSE:6036) Earnings Haven't Escaped The Attention Of Investors