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Japanese (NIKKEI) Chemicals Industry Analysis

UpdatedApr 05, 2026
DataAggregated Company Financials
Companies155
  • 7D0.7%
  • 3M14.1%
  • 1Y49.5%
  • YTD13.0%

Over the last 7 days, the Chemicals industry has remained flat, although notably Shin-Etsu Chemical gained 5.0%. The past year has been better, since the industry has gained 50% 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
Sun, 05 Apr 2026JP¥45.2tJP¥42.0tJP¥2.2t13.6x20.5x1.1x
Tue, 03 Mar 2026JP¥49.4tJP¥42.0tJP¥2.2t15.6x22.4x1.2x
Thu, 29 Jan 2026JP¥41.3tJP¥41.8tJP¥2.1t13.4x19.9x1x
Sat, 27 Dec 2025JP¥40.0tJP¥41.8tJP¥2.1t12.8x19.3x1x
Mon, 24 Nov 2025JP¥37.9tJP¥41.8tJP¥2.1t12.2x18.2x0.9x
Wed, 22 Oct 2025JP¥38.3tJP¥42.3tJP¥2.1t12.9x18.6x0.9x
Fri, 19 Sep 2025JP¥37.9tJP¥42.3tJP¥2.1t13x18.5x0.9x
Sun, 17 Aug 2025JP¥37.1tJP¥42.4tJP¥2.0t12.5x18.2x0.9x
Tue, 15 Jul 2025JP¥35.8tJP¥42.7tJP¥2.2t11.3x16.6x0.8x
Thu, 12 Jun 2025JP¥34.7tJP¥42.7tJP¥2.2t10.9x16.1x0.8x
Sat, 10 May 2025JP¥33.7tJP¥42.6tJP¥2.0t11x16.7x0.8x
Mon, 07 Apr 2025JP¥31.3tJP¥42.5tJP¥2.0t10x15.6x0.7x
Wed, 05 Mar 2025JP¥34.5tJP¥42.5tJP¥2.0t11.3x17.3x0.8x
Fri, 31 Jan 2025JP¥35.7tJP¥42.1tJP¥1.9t12.3x19x0.8x
Sun, 29 Dec 2024JP¥37.2tJP¥42.1tJP¥1.9t12.1x20.1x0.9x
Tue, 26 Nov 2024JP¥37.6tJP¥42.1tJP¥1.9t12.2x20.3x0.9x
Thu, 24 Oct 2024JP¥37.6tJP¥41.6tJP¥1.9t11.6x19.6x0.9x
Sat, 21 Sep 2024JP¥37.9tJP¥41.6tJP¥1.9t12.2x19.8x0.9x
Mon, 19 Aug 2024JP¥38.3tJP¥41.5tJP¥1.9t12.1x20.2x0.9x
Wed, 17 Jul 2024JP¥40.8tJP¥40.8tJP¥1.7t13.3x23.4x1x
Fri, 14 Jun 2024JP¥39.6tJP¥41.2tJP¥1.7t12.8x22.9x1x
Sun, 12 May 2024JP¥39.5tJP¥41.0tJP¥1.8t14.2x21.5x1x
Tue, 09 Apr 2024JP¥40.2tJP¥41.0tJP¥1.7t14.3x23.9x1x
Thu, 07 Mar 2024JP¥41.1tJP¥41.0tJP¥1.7t14x24.4x1x
Sat, 03 Feb 2024JP¥38.7tJP¥41.2tJP¥1.6t14.1x24.4x0.9x
Mon, 01 Jan 2024JP¥37.8tJP¥41.4tJP¥1.7t14.1x22.8x0.9x
Wed, 29 Nov 2023JP¥36.7tJP¥41.4tJP¥1.7t14x22.1x0.9x
Fri, 27 Oct 2023JP¥32.7tJP¥42.0tJP¥1.8t13.2x17.9x0.8x
Sun, 24 Sep 2023JP¥35.0tJP¥42.0tJP¥1.8t13.6x19.2x0.8x
Tue, 22 Aug 2023JP¥33.8tJP¥42.0tJP¥1.8t13x18.5x0.8x
Thu, 20 Jul 2023JP¥34.7tJP¥42.5tJP¥2.1t13x16.6x0.8x
Sat, 17 Jun 2023JP¥35.2tJP¥42.5tJP¥2.1t12.8x16.8x0.8x
Mon, 15 May 2023JP¥32.0tJP¥42.3tJP¥2.2t12x14.4x0.8x
Wed, 12 Apr 2023JP¥31.1tJP¥42.0tJP¥2.5t10.7x12.5x0.7x
Price to Earnings Ratio

12.5x


Total Market Cap: JP¥31.1tTotal 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 1.1x.
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 Market-0.14%
Materials0.20%
Chemicals0.70%
Specialty Chemicals1.36%
Diversified Chemicals0.32%
Industrial Gases0.071%
Commodity Chemicals-0.24%
Fertilizers and Agricultural Chemicals-1.41%
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 10.0%, 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¥6.45k5.0%
+JP¥575.3b		65.6%PE24.6x
4004 Resonac HoldingsJP¥11.30k5.1%
+JP¥98.9b		333.4%PE70.6x
3402 Toray IndustriesJP¥1.13k1.4%
+JP¥22.6b		19.6%PE38.4x
4061 DenkaJP¥3.79k5.5%
+JP¥16.9b		92.7%PS0.8x
3405 KurarayJP¥1.68k3.1%
+JP¥15.3b		1.8%PE68.7x

Latest News

4612
JP¥984.80
Nippon Paint Holdings
7D
-0.9%
1Y
-5.8%

4612: Share Buybacks Will Support Future Earnings And Dividend Upside

Analysts have slightly reduced their price target for Nippon Paint Holdings to ¥1,580.78 from ¥1,584.70, reflecting updated views on revenue growth, profit margins, the discount rate and future P/E assumptions. What's in the News Nippon Paint Holdings has an ongoing share repurchase program announced on October 9, 2025, under which it has bought back a total of 29,410,000 shares, representing 1.26% of shares, for ¥29,999.98 million across multiple tranches (Key Developments).
4004
JP¥11,300.00
Resonac Holdings
7D
5.1%
1Y
333.4%

Resonac Holdings' (TSE:4004) Conservative Accounting Might Explain Soft Earnings

Apr 02
Resonac Holdings' (TSE:4004) Conservative Accounting Might Explain Soft Earnings
4186
JP¥7,702.00
Tokyo Ohka Kogyo
7D
-3.5%
1Y
171.7%
4626
JP¥4,750.00
Taiyo Holdings
7D
-7.2%
1Y
99.2%
4966
JP¥20,880.00
C.UyemuraLtd
7D
-4.6%
1Y
129.7%
3401
JP¥1,685.00
Teijin
7D
4.7%
1Y
37.4%

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¥528.90
Sumitomo Chemical Company
7D
1.0%
1Y
63.9%

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¥3,088.00
Nitto Denko
7D
-1.8%
1Y
22.5%
4183
JP¥1,881.00
Mitsui Chemicals
7D
-3.9%
1Y
26.0%

4183: Renewable Plastics And Buybacks Will Support Long Term Share Upside

Analysts have maintained their ¥3,000 price target for Mitsui Chemicals, noting that only minor adjustments to assumptions such as discount rate, revenue growth, profit margin, and future P/E have been made, and these do not materially change their overall view of the shares. What's in the News Mitsui Chemicals is part of a 14 company global supply chain across five countries and regions to produce renewable plastics for Sony's high performance audio visual products, with a focus on tracking and documenting GHG emissions across the chain and supporting Sony's move away from virgin fossil based plastics (Key Developments).
4114
JP¥2,253.50
Nippon Shokubai
7D
-4.9%
1Y
36.9%
4188
JP¥921.00
Mitsubishi Chemical Group
7D
-2.3%
1Y
36.0%

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¥3,790.00
Denka
7D
5.5%
1Y
92.7%
3402
JP¥1,130.50
Toray Industries
7D
1.4%
1Y
19.6%
4063
JP¥6,450.00
Shin-Etsu Chemical
7D
5.0%
1Y
65.6%
4118
JP¥4,976.00
Kaneka
7D
3.5%
1Y
42.3%
3405
JP¥1,681.50
Kuraray
7D
3.1%
1Y
1.8%