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Japanese (NIKKEI) Chemicals Industry Analysis

UpdatedApr 02, 2026
DataAggregated Company Financials
Companies155
  • 7D0.6%
  • 3M15.0%
  • 1Y39.6%
  • YTD13.9%

Last week, the Chemicals industry hasn't moved much but Shin-Etsu Chemical is up 3.4% in that time. The past year has been better, since the industry has gained 34% 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
Thu, 02 Apr 2026JP¥45.6tJP¥42.0tJP¥2.2t13.8x20.7x1.1x
Sat, 28 Feb 2026JP¥49.4tJP¥42.0tJP¥2.2t15.6x22.4x1.2x
Mon, 26 Jan 2026JP¥43.6tJP¥41.8tJP¥2.1t13.5x21x1x
Wed, 24 Dec 2025JP¥40.1tJP¥41.8tJP¥2.1t12.8x19.3x1x
Fri, 21 Nov 2025JP¥37.6tJP¥41.8tJP¥2.1t12.2x18.1x0.9x
Sun, 19 Oct 2025JP¥37.8tJP¥42.3tJP¥2.1t12.8x18.4x0.9x
Tue, 16 Sep 2025JP¥37.6tJP¥42.3tJP¥2.1t13x18.3x0.9x
Thu, 14 Aug 2025JP¥36.9tJP¥42.4tJP¥2.0t12.4x18.1x0.9x
Sat, 12 Jul 2025JP¥35.6tJP¥42.7tJP¥2.2t11.1x16.5x0.8x
Mon, 09 Jun 2025JP¥34.0tJP¥42.7tJP¥2.2t10.8x15.8x0.8x
Wed, 07 May 2025JP¥33.5tJP¥42.6tJP¥2.0t10.8x16.7x0.8x
Fri, 04 Apr 2025JP¥32.8tJP¥42.5tJP¥2.0t10.5x16.3x0.8x
Sun, 02 Mar 2025JP¥34.5tJP¥42.5tJP¥2.0t11.3x17.4x0.8x
Tue, 28 Jan 2025JP¥36.3tJP¥42.1tJP¥1.9t12.3x19.6x0.9x
Thu, 26 Dec 2024JP¥36.4tJP¥42.1tJP¥1.9t12.1x19.6x0.9x
Sat, 23 Nov 2024JP¥37.2tJP¥42.1tJP¥1.9t12.1x20x0.9x
Mon, 21 Oct 2024JP¥38.3tJP¥41.6tJP¥1.9t11.9x20x0.9x
Wed, 18 Sep 2024JP¥36.5tJP¥40.9tJP¥1.9t12x19.4x0.9x
Fri, 16 Aug 2024JP¥37.0tJP¥41.5tJP¥1.9t11.7x19.6x0.9x
Sun, 14 Jul 2024JP¥40.7tJP¥40.8tJP¥1.7t13.2x23.4x1x
Tue, 11 Jun 2024JP¥40.1tJP¥41.2tJP¥1.7t13.1x23.1x1x
Thu, 09 May 2024JP¥39.1tJP¥40.9tJP¥1.7t14.2x23.1x1x
Sat, 06 Apr 2024JP¥40.1tJP¥41.0tJP¥1.7t14.1x23.8x1x
Mon, 04 Mar 2024JP¥40.8tJP¥41.0tJP¥1.7t14x24.3x1x
Wed, 31 Jan 2024JP¥38.3tJP¥41.2tJP¥1.6t14.1x24.3x0.9x
Fri, 29 Dec 2023JP¥37.7tJP¥41.4tJP¥1.7t14x22.8x0.9x
Sun, 26 Nov 2023JP¥36.9tJP¥41.4tJP¥1.7t13.8x22.3x0.9x
Tue, 24 Oct 2023JP¥33.0tJP¥42.0tJP¥1.8t13.2x18.1x0.8x
Thu, 21 Sep 2023JP¥35.4tJP¥42.0tJP¥1.8t13.6x19.4x0.8x
Sat, 19 Aug 2023JP¥33.8tJP¥42.0tJP¥1.8t12.9x18.5x0.8x
Mon, 17 Jul 2023JP¥34.2tJP¥42.5tJP¥2.1t12.7x16.3x0.8x
Wed, 14 Jun 2023JP¥34.5tJP¥42.5tJP¥2.1t12.2x16.5x0.8x
Fri, 12 May 2023JP¥31.9tJP¥42.0tJP¥2.4t11.5x13.2x0.8x
Sun, 09 Apr 2023JP¥30.9tJP¥42.0tJP¥2.5t10.7x12.4x0.7x
Price to Earnings Ratio

12.4x


Total Market Cap: JP¥30.9tTotal Earnings: JP¥2.5tTotal Revenue: JP¥42.0tTotal Market Cap vs Earnings and Revenue0%0%0%
Japanese Chemicals Industry Price to Earnings3Y Average 19.4x202420252026
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 19.4x.
  • The 3-year average PS ratio of 0.89x is lower than the industry's current PS ratio of 1.0x.
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 Market0.39%
Materials0.20%
Chemicals0.57%
Commodity Chemicals1.69%
Fertilizers and Agricultural Chemicals0.61%
Specialty Chemicals0.60%
Diversified Chemicals0.29%
Industrial Gases-2.53%
Industry PE
  • Investors are most optimistic about the Industrial Gases industry which is trading above its 3-year average PE ratio of 16.8x.
    • Analysts are expecting annual earnings growth of 10.1%, which is higher than its past year's earnings decline of 7.2% 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 10.2x.
Forecasted Growth
  • Analysts are most optimistic on the Fertilizers and Agricultural Chemicals industry, expecting annual earnings growth of 19% over the next 5 years.
  • This is better than its past earnings growth rate of 12% per year.
  • In contrast, the Specialty Chemicals industry is expected to see its earnings grow by 8.4% 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¥6.39k1.5%
+JP¥174.4b		55.1%PE24.4x
4005 Sumitomo Chemical CompanyJP¥523.103.1%
+JP¥25.7b		53.1%PE8.8x
4061 DenkaJP¥3.72k5.6%
+JP¥17.0b		83.6%PS0.8x
3405 KurarayJP¥1.67k2.9%
+JP¥14.4b		-5.3%PE68.5x
3401 TeijinJP¥1.66k3.6%
+JP¥11.1b		31.2%PS0.4x

Latest News

4004
JP¥10,480.00
Resonac Holdings
7D
-4.8%
1Y
266.4%
4626
JP¥4,675.00
Taiyo Holdings
7D
-9.0%
1Y
90.6%
4966
JP¥20,530.00
C.UyemuraLtd
7D
-9.5%
1Y
115.7%
3401
JP¥1,661.50
Teijin
7D
3.6%
1Y
31.2%

3401: Stable Assumptions Will Still Signal Weak Earnings And Overvaluation

Analysts have kept their ¥1,328 price target for Teijin unchanged, citing only minor model adjustments to discount rate, revenue growth, profit margin and future P/E assumptions that do not materially alter their view on the shares. Valuation Changes Fair Value: Modelled fair value remains unchanged at ¥1,328.
4005
JP¥523.10
Sumitomo Chemical Company
7D
3.1%
1Y
53.1%

4005: Recycling Rollout And Higher Dividend Will Support Future Upside

Analysts have raised their price target for Sumitomo Chemical Company to ¥806.78 from ¥758.97, reflecting updated views on fair value, discount rate, revenue growth, profit margin, and future P/E assumptions. What's in the News Board meeting scheduled for March 2, 2026, to consider filing a shelf registration statement for the issuance of new shares.
6988
JP¥3,038.00
Nitto Denko
7D
-4.5%
1Y
15.9%
4186
JP¥7,482.00
Tokyo Ohka Kogyo
7D
-8.5%
1Y
149.6%
4188
JP¥908.50
Mitsubishi Chemical Group
7D
-2.6%
1Y
31.2%

4188: Earnings Downgrade And Restructuring Losses Will Restrain Future Upside

Analysts have maintained their ¥790 price target for Mitsubishi Chemical Group, noting that a slightly lower discount rate, a softer revenue outlook, a modestly higher profit margin and a small increase in the assumed future P/E multiple are offsetting factors. What's in the News Mitsubishi Chemical Group cut its consolidated earnings guidance for the full year ending March 31, 2026, keeping sales revenue at ¥3,672.0b but reducing expected operating income to ¥70.0b, net income to ¥114.8b, and basic EPS to ¥34.29, compared with prior guidance of operating income of ¥176.0b, net income of ¥189.9b, and basic EPS of ¥91.21 (Corporate guidance).
4061
JP¥3,723.00
Denka
7D
5.6%
1Y
83.6%
3402
JP¥1,125.00
Toray Industries
7D
0.5%
1Y
14.9%
4063
JP¥6,385.00
Shin-Etsu Chemical
7D
1.5%
1Y
55.1%
4118
JP¥4,918.00
Kaneka
7D
2.4%
1Y
34.0%
5301
JP¥990.00
Tokai Carbon
7D
4.3%
1Y
9.0%
4091
JP¥5,771.00
Nippon Sanso Holdings
7D
-3.3%
1Y
25.8%

4091: Higher Earnings Guidance And Stable Assumptions Will Support Profitability Outlook

Analysts have kept their price target for Nippon Sanso Holdings steady at ¥5,500, citing only slight tweaks in discount rate, revenue growth, profit margin and future P/E assumptions as the basis for this unchanged view. What's in the News Nippon Sanso Holdings raised revenue guidance for the fiscal year ending March 31, 2026 to ¥1,330,000 million from ¥1,290,000 million, with management citing the weaker JPY against major currencies and price management as key drivers (Company guidance).
4182
JP¥3,710.00
Mitsubishi Gas Chemical Company
7D
-5.5%
1Y
63.9%
3405
JP¥1,666.50
Kuraray
7D
2.9%
1Y
-5.3%