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Japanese (NIKKEI) Chemicals Industry Analysis

UpdatedMay 31, 2026
DataAggregated Company Financials
Companies155
  • 7D5.2%
  • 3M7.6%
  • 1Y56.7%
  • YTD32.8%

The Chemicals industry is up 5.2% in the last week, with Shin-Etsu Chemical up 10%. This takes the industry's 12 month performance to a gain of 57%. Looking forward, earnings are forecast to grow by 14% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 31 May 2026JP¥53.0tJP¥41.8tJP¥2.2t13.2x24.5x1.3x
Tue, 28 Apr 2026JP¥47.1tJP¥42.0tJP¥2.2t13.7x21.4x1.1x
Thu, 26 Mar 2026JP¥45.3tJP¥42.0tJP¥2.2t14x20.6x1.1x
Sat, 21 Feb 2026JP¥47.5tJP¥42.0tJP¥2.2t14.9x21.6x1.1x
Mon, 19 Jan 2026JP¥43.5tJP¥41.8tJP¥2.1t13.2x20.9x1x
Wed, 17 Dec 2025JP¥39.3tJP¥41.8tJP¥2.1t12.4x18.9x0.9x
Fri, 14 Nov 2025JP¥38.5tJP¥42.0tJP¥2.1t12.8x18x0.9x
Sun, 12 Oct 2025JP¥38.3tJP¥42.3tJP¥2.1t12.6x18.6x0.9x
Tue, 09 Sep 2025JP¥37.5tJP¥42.3tJP¥2.1t12.9x18.3x0.9x
Thu, 07 Aug 2025JP¥36.6tJP¥42.5tJP¥2.1t12.1x17.8x0.9x
Sat, 05 Jul 2025JP¥35.7tJP¥42.7tJP¥2.2t11.1x16.6x0.8x
Mon, 02 Jun 2025JP¥34.5tJP¥42.7tJP¥2.2t10.8x16x0.8x
Wed, 30 Apr 2025JP¥32.6tJP¥42.6tJP¥2.0t10.7x16.3x0.8x
Fri, 28 Mar 2025JP¥35.7tJP¥42.5tJP¥2.0t11.4x17.9x0.8x
Sun, 23 Feb 2025JP¥34.9tJP¥42.5tJP¥2.0t11.4x17.6x0.8x
Tue, 21 Jan 2025JP¥35.9tJP¥42.1tJP¥1.9t11.9x19.4x0.9x
Thu, 19 Dec 2024JP¥36.3tJP¥41.5tJP¥1.8t11.9x19.7x0.9x
Sat, 16 Nov 2024JP¥37.2tJP¥42.0tJP¥1.9t12.1x20x0.9x
Mon, 14 Oct 2024JP¥39.2tJP¥41.6tJP¥1.9t12.1x20.5x0.9x
Wed, 11 Sep 2024JP¥36.3tJP¥41.6tJP¥1.9t12x19x0.9x
Fri, 09 Aug 2024JP¥35.8tJP¥41.3tJP¥1.9t11x19x0.9x
Sun, 07 Jul 2024JP¥39.8tJP¥40.8tJP¥1.7t13.3x22.9x1x
Tue, 04 Jun 2024JP¥39.6tJP¥41.2tJP¥1.7t12.9x22.8x1x
Thu, 02 May 2024JP¥39.9tJP¥40.9tJP¥1.7t14x23.5x1x
Sat, 30 Mar 2024JP¥41.3tJP¥41.0tJP¥1.7t14.3x24.5x1x
Mon, 26 Feb 2024JP¥40.1tJP¥41.0tJP¥1.7t14.1x23.8x1x
Wed, 24 Jan 2024JP¥38.2tJP¥41.4tJP¥1.7t14.3x23.1x0.9x
Fri, 22 Dec 2023JP¥36.8tJP¥41.4tJP¥1.7t14.1x22.3x0.9x
Sun, 19 Nov 2023JP¥36.8tJP¥41.4tJP¥1.7t13.8x22.2x0.9x
Tue, 17 Oct 2023JP¥34.2tJP¥42.0tJP¥1.8t13.7x18.7x0.8x
Thu, 14 Sep 2023JP¥35.2tJP¥42.0tJP¥1.8t13.6x19.3x0.8x
Sat, 12 Aug 2023JP¥35.0tJP¥41.9tJP¥1.8t13.2x19.4x0.8x
Mon, 10 Jul 2023JP¥34.4tJP¥42.5tJP¥2.1t12.8x16.4x0.8x
Wed, 07 Jun 2023JP¥34.0tJP¥42.4tJP¥2.1t12.2x16.2x0.8x
Price to Earnings Ratio

16.2x


Total Market Cap: JP¥34.0tTotal Earnings: JP¥2.1tTotal Revenue: JP¥42.4tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Chemicals Industry Price to Earnings3Y Average 19.8x202420252026
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 24.5x which is higher than its 3-year average PE of 19.8x.
  • The 3-year average PS ratio of 0.91x 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 Market1.91%
Materials3.92%
Chemicals5.21%
Specialty Chemicals5.87%
Diversified Chemicals5.50%
Commodity Chemicals5.06%
Fertilizers and Agricultural Chemicals1.37%
Industrial Gases0.094%
Industry PE
  • Investors are most optimistic about the Diversified Chemicals industry which is trading above its 3-year average PE ratio of 31.2x.
    • Analysts are expecting annual earnings growth of 27.1%, 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 10.5x.
Forecasted Growth
  • Analysts are most optimistic on the Diversified Chemicals industry, expecting annual earnings growth of 27% over the next 5 years.
  • This is better than its past earnings growth rate of 11% per year.
  • In contrast, the Specialty Chemicals industry is expected to see its earnings grow by 8.9% 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
4063 Shin-Etsu ChemicalJP¥7.76k10.3%
+JP¥1.3t		67.2%PE30.4x
4188 Mitsubishi Chemical GroupJP¥1.15k11.6%
+JP¥162.3b		48.8%PS0.4x
3402 Toray IndustriesJP¥1.19k9.8%
+JP¥155.1b		19.4%PE21.8x
4004 Resonac HoldingsJP¥18.72k3.9%
+JP¥128.8b		488.5%PE95.5x
4182 Mitsubishi Gas Chemical CompanyJP¥5.55k9.6%
+JP¥94.5b		149.4%PS1.5x

Latest News

4043
JP¥5,107.00
Tokuyama
7D
14.9%
1Y
81.0%
4061
JP¥4,477.00
Denka
7D
15.7%
1Y
117.7%
4186
JP¥11,010.00
Tokyo Ohka Kogyo
7D
-0.9%
1Y
194.1%
4403
JP¥2,795.00
NOF
7D
-4.0%
1Y
9.2%
3402
JP¥1,192.00
Toray Industries
7D
9.8%
1Y
19.4%
Narrative Update • May 26

3402: Share Buybacks And 2028 Profitability Plan Will Support Future Upside

Analysts have adjusted their price target on Toray Industries to ¥1,279.55, reflecting updated assumptions that include a slightly lower discount rate, a higher expected revenue growth rate, a modestly reduced profit margin, and a lower future P/E multiple. What's in the News Toray Industries updated earning guidance for the 2028 financial year, planning revenue of ¥3t compared with a prior plan of ¥2.6t, and Core Operating Income of ¥230b compared with ¥150b, with a focus on both growth and Profitability Improvement (company guidance).
4188
JP¥1,147.00
Mitsubishi Chemical Group
7D
11.6%
1Y
48.8%
3407
JP¥1,787.00
Asahi Kasei
7D
3.5%
1Y
76.0%
4970
JP¥16,690.00
Toyo GoseiLtd
7D
-2.5%
1Y
260.1%
4063
JP¥7,758.00
Shin-Etsu Chemical
7D
10.3%
1Y
67.2%
4091
JP¥6,184.00
Nippon Sanso Holdings
7D
-0.1%
1Y
19.5%
Narrative Update • May 22

4091: Dividend And Leadership Changes Will Shape A Steady Earnings Outlook

Analysts have nudged their fair value estimate for Nippon Sanso Holdings to ¥5,887.50 from ¥5,650, citing slightly lower discount rate assumptions, a modest adjustment to revenue growth and P/E expectations, and a small uplift in forecast profit margin as key drivers of the change. What's in the News A board meeting on May 13, 2026 is set to consider submitting a proposal for a new performance linked stock based remuneration plan, the Board Benefit Trust, to the 22nd Ordinary General Meeting of Shareholders on June 17, 2026 (Key Developments).
4966
JP¥23,320.00
C.UyemuraLtd
7D
-3.8%
1Y
153.2%
Analysis Article • May 17

Earnings Update: Here's Why Analysts Just Lifted Their C.Uyemura & Co.,Ltd. (TSE:4966) Price Target To JP¥24,300

Last week saw the newest annual earnings release from C.Uyemura & Co.,Ltd. ( TSE:4966 ), an important milestone in the...
4182
JP¥5,545.00
Mitsubishi Gas Chemical Company
7D
9.6%
1Y
149.4%
4004
JP¥18,720.00
Resonac Holdings
7D
3.9%
1Y
488.5%
Analysis Article • May 15

Earnings Update: Here's Why Analysts Just Lifted Their Resonac Holdings Corporation (TSE:4004) Price Target To JP¥14,243

It's been a good week for Resonac Holdings Corporation ( TSE:4004 ) shareholders, because the company has just released...
4208
JP¥2,952.50
UBE
7D
-1.3%
1Y
30.5%
4107
JP¥4,195.00
ISE Chemicals
7D
-10.6%
1Y
67.5%
6988
JP¥2,990.50
Nitto Denko
7D
-3.1%
1Y
13.0%
Analysis Article • Apr 29

Nitto Denko Corporation (TSE:6988) Just Released Its Full-Year Results And Analysts Are Updating Their Estimates

It's been a sad week for Nitto Denko Corporation ( TSE:6988 ), who've watched their investment drop 10% to JP¥3,003 in...