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Japanese (NIKKEI) Chemicals Industry Analysis

UpdatedMay 24, 2026
DataAggregated Company Financials
Companies155
  • 7D0.9%
  • 3M6.4%
  • 1Y53.4%
  • YTD26.2%

The Chemicals is pretty flat in the last 7 days, but Resonac Holdings has stood out, gaining 4.7%. The past year has been better, since the industry has gained 53% in that time. 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, 24 May 2026JP¥50.4tJP¥41.8tJP¥2.2t12.7x23.3x1.2x
Tue, 21 Apr 2026JP¥46.9tJP¥42.0tJP¥2.2t14.1x21.3x1.1x
Thu, 19 Mar 2026JP¥47.3tJP¥42.0tJP¥2.2t14.4x21.5x1.1x
Sat, 14 Feb 2026JP¥46.0tJP¥41.9tJP¥2.1t14.4x21.6x1.1x
Mon, 12 Jan 2026JP¥41.1tJP¥41.8tJP¥2.1t13x19.7x1x
Wed, 10 Dec 2025JP¥39.3tJP¥41.8tJP¥2.1t12.4x18.9x0.9x
Fri, 07 Nov 2025JP¥37.5tJP¥42.1tJP¥2.1t13x17.5x0.9x
Sun, 05 Oct 2025JP¥38.2tJP¥42.3tJP¥2.1t12.6x18.6x0.9x
Tue, 02 Sep 2025JP¥37.2tJP¥42.3tJP¥2.1t12.6x18.1x0.9x
Thu, 31 Jul 2025JP¥36.3tJP¥42.7tJP¥2.1t11.6x17.1x0.9x
Sat, 28 Jun 2025JP¥35.2tJP¥42.7tJP¥2.2t11x16.3x0.8x
Mon, 26 May 2025JP¥33.5tJP¥42.7tJP¥2.2t10.6x15.5x0.8x
Wed, 23 Apr 2025JP¥30.9tJP¥42.5tJP¥2.0t10.3x15.4x0.7x
Fri, 21 Mar 2025JP¥35.9tJP¥42.5tJP¥2.0t11.4x18x0.8x
Sun, 16 Feb 2025JP¥35.0tJP¥42.4tJP¥2.0t11.4x17.7x0.8x
Tue, 14 Jan 2025JP¥36.1tJP¥42.0tJP¥1.9t12x19.5x0.9x
Thu, 12 Dec 2024JP¥37.1tJP¥42.1tJP¥1.9t12.3x20x0.9x
Sat, 09 Nov 2024JP¥38.6tJP¥41.8tJP¥1.9t12.3x20.1x0.9x
Mon, 07 Oct 2024JP¥39.1tJP¥41.6tJP¥1.9t12.2x20.4x0.9x
Wed, 04 Sep 2024JP¥39.0tJP¥41.6tJP¥1.9t12.7x20.5x0.9x
Fri, 02 Aug 2024JP¥39.1tJP¥40.9tJP¥1.8t12.7x22.1x1x
Sun, 30 Jun 2024JP¥39.5tJP¥40.8tJP¥1.7t13.2x22.7x1x
Tue, 28 May 2024JP¥39.2tJP¥41.2tJP¥1.7t13.1x22.6x1x
Thu, 25 Apr 2024JP¥40.4tJP¥41.0tJP¥1.7t14.3x24x1x
Sat, 23 Mar 2024JP¥42.4tJP¥41.0tJP¥1.7t14.6x25.2x1x
Mon, 19 Feb 2024JP¥39.4tJP¥41.0tJP¥1.7t13.7x23.4x1x
Wed, 17 Jan 2024JP¥38.2tJP¥41.4tJP¥1.7t14.3x23.1x0.9x
Fri, 15 Dec 2023JP¥35.5tJP¥41.4tJP¥1.7t14.1x21.4x0.9x
Sun, 12 Nov 2023JP¥35.5tJP¥41.3tJP¥1.7t13.6x21.4x0.9x
Tue, 10 Oct 2023JP¥33.2tJP¥42.0tJP¥1.8t13.4x18.2x0.8x
Thu, 07 Sep 2023JP¥36.0tJP¥42.0tJP¥1.8t13.8x19.7x0.9x
Sat, 05 Aug 2023JP¥34.4tJP¥42.1tJP¥1.9t13x18x0.8x
Mon, 03 Jul 2023JP¥35.1tJP¥42.5tJP¥2.1t12.8x16.7x0.8x
Wed, 31 May 2023JP¥32.8tJP¥42.4tJP¥2.1t12.2x15.7x0.8x
Price to Earnings Ratio

15.7x


Total Market Cap: JP¥32.8tTotal 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 23.3x 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 1.2x.
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 Market1.18%
Materials-0.21%
Chemicals0.85%
Diversified Chemicals3.03%
Industrial Gases3.03%
Specialty Chemicals0.87%
Commodity Chemicals-1.65%
Fertilizers and Agricultural Chemicals-1.69%
Industry PE
  • Investors are most optimistic about the Diversified Chemicals industry which is trading above its 3-year average PE ratio of 31.0x.
    • Analysts are expecting annual earnings growth of 26.9%, 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 8.7% 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
4004 Resonac HoldingsJP¥18.01k4.7%
+JP¥146.9b		519.2%PE91.9x
4612 Nippon Paint HoldingsJP¥1.05k4.9%
+JP¥114.6b		-0.9%PE12.4x
6988 Nitto DenkoJP¥3.09k4.3%
+JP¥86.1b		17.4%PE15.5x
4182 Mitsubishi Gas Chemical CompanyJP¥5.06k9.0%
+JP¥81.6b		143.4%PS1.3x
4088 Air WaterJP¥2.58k13.0%
+JP¥67.8b		29.9%PE76.3x

Latest News

4047
JP¥3,040.00
Kanto Denka Kogyo
7D
48.3%
1Y
265.4%
Analysis Article • May 22

Kanto Denka Kogyo's (TSE:4047) Earnings May Just Be The Starting Point

When companies post strong earnings, the stock generally performs well, just like Kanto Denka Kogyo Co., Ltd.'s...
4063
JP¥7,034.00
Shin-Etsu Chemical
7D
-1.0%
1Y
54.9%
4088
JP¥2,579.00
Air Water
7D
13.0%
1Y
29.9%
4205
JP¥2,105.00
Zeon
7D
-6.2%
1Y
49.0%
Analysis Article • May 20

Concerns Surrounding Zeon's (TSE:4205) Performance

The market for Zeon Corporation's ( TSE:4205 ) stock was strong after it released a healthy earnings report last week...
4631
JP¥4,668.00
DIC
7D
11.2%
1Y
69.7%
4612
JP¥1,048.00
Nippon Paint Holdings
7D
4.9%
1Y
-0.9%
Narrative Update • May 20

4612: Share Buybacks Will Support Higher Returns With Stable Profitability Outlook

Analysts have nudged their price target on Nippon Paint Holdings slightly lower, trimming fair value from about ¥1,235 to roughly ¥1,227 as they incorporate updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. What's in the News Nippon Paint Holdings reported that between January 1, 2026 and February 28, 2026, it repurchased 8,512,300 shares for ¥9,093.21 million, representing 0.37% of shares.
4005
JP¥585.80
Sumitomo Chemical Company
7D
-6.1%
1Y
74.7%
Narrative Update • May 19

4005: Planned Equity Issuance And Share Exchange Will Limit Future Upside

Analysts have kept their ¥460.0 price target on Sumitomo Chemical Company unchanged, reflecting updated assumptions around a lower discount rate, slightly positive revenue growth of about 0.09%, a small improvement in profit margin to around 3.52%, and a modestly higher future P/E of roughly 11.63x. What's in the News A board meeting is scheduled for May 13, 2026, with an agenda to consider implementing a share exchange (Key Developments).
6490
JP¥9,420.00
PILLAR
7D
-6.5%
1Y
153.2%
Analysis Article • May 18

JP¥10,065 - That's What Analysts Think PILLAR Corporation (TSE:6490) Is Worth After These Results

PILLAR Corporation ( TSE:6490 ) came out with its annual results last week, and we wanted to see how the business is...
4183
JP¥2,050.00
Mitsui Chemicals
7D
-4.6%
1Y
33.8%
4182
JP¥5,060.00
Mitsubishi Gas Chemical Company
7D
9.0%
1Y
143.4%
4004
JP¥18,010.00
Resonac Holdings
7D
4.7%
1Y
519.2%
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...
3402
JP¥1,085.50
Toray Industries
7D
-5.6%
1Y
10.7%
3405
JP¥1,581.50
Kuraray
7D
-3.0%
1Y
-11.6%
4208
JP¥2,992.00
UBE
7D
25.5%
1Y
34.7%
3401
JP¥1,572.50
Teijin
7D
-6.5%
1Y
37.3%
6988
JP¥3,087.00
Nitto Denko
7D
4.3%
1Y
17.4%
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...