Reported Earnings • May 20
Full year 2026 earnings released: EPS: JP¥368 (vs JP¥313 in FY 2025) Full year 2026 results: EPS: JP¥368 (up from JP¥313 in FY 2025). Revenue: JP¥279.6b (up 11% from FY 2025). Net income: JP¥49.7b (up 16% from FY 2025). Profit margin: 18% (in line with FY 2025). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Itsuo Hama was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • May 16
Nissan Chemical Corporation (TSE:4021) announces an Equity Buyback for 2,100,000 shares, representing 1.56% for ¥10,500 million. Nissan Chemical Corporation (TSE:4021) announces a share repurchase program. Under the program, the company will repurchase up to 2,100,000 common shares, representing 1.56% of its issued share capital, for ¥10,500 million. The purpose of the program is to facilitate flexible implementation of capital policy in response to changes in the business environment. The program will be valid until March 31, 2027. As of May 15, 2026, there are 134,240,748 issued shares (excluding treasury stock) and 559,252 treasury shares. Announcement • Feb 10
Nissan Chemical Corporation to Report Fiscal Year 2026 Results on May 15, 2026 Nissan Chemical Corporation announced that they will report fiscal year 2026 results on May 15, 2026 Announcement • Nov 11
Nissan Chemical Corporation to Report Q3, 2026 Results on Feb 09, 2026 Nissan Chemical Corporation announced that they will report Q3, 2026 results on Feb 09, 2026 Announcement • Aug 08
Nissan Chemical Corporation to Report Q2, 2026 Results on Nov 10, 2025 Nissan Chemical Corporation announced that they will report Q2, 2026 results on Nov 10, 2025 Announcement • May 16
Nissan Chemical Corporation (TSE:4021) announces an Equity Buyback for 2,500,000 shares, representing 1.84% for ¥9,000 million. Nissan Chemical Corporation (TSE:4021) announces a share repurchase program. Under the program, the company will repurchase up to 2,500,000 common shares, representing 1.84% of its issued share capital, for ¥9,000 million. The purpose of the program is to facilitate flexible implementation of capital policy in response to changes in the business environment. The program will be valid until March 31, 2026. As of May 15, 2025, there are 136,056,203 issued shares (excluding treasury stock) and 743,797 treasury shares. Announcement • Mar 06
Nissan Chemical Corporation (TSE:4021) announces an Equity Buyback for 750,000 shares, representing 0.55% for ¥3,000 million. Nissan Chemical Corporation (TSE:4021) announces a share repurchase program. Under the program, the company will repurchase up to 750,000 shares, representing 0.549999% of its issued share capital, for ¥3,000 million. The purpose of the program is to enable the implementation of flexible capital policies in response to changes in the business environment. The program will be valid until April 30, 2025. As of March 6, 2025, there are 136,751,645 outstanding shares (excluding treasury stock) and 1,048,355 treasury shares. Announcement • Feb 07
Nissan Chemical Corporation to Report Fiscal Year 2025 Results on May 15, 2025 Nissan Chemical Corporation announced that they will report fiscal year 2025 results at 3:30 PM, Tokyo Standard Time on May 15, 2025 Reported Earnings • Nov 14
Second quarter 2025 earnings released: EPS: JP¥64.95 (vs JP¥52.08 in 2Q 2024) Second quarter 2025 results: EPS: JP¥64.95 (up from JP¥52.08 in 2Q 2024). Revenue: JP¥59.5b (up 17% from 2Q 2024). Net income: JP¥8.93b (up 23% from 2Q 2024). Profit margin: 15% (in line with 2Q 2024). Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 14% per year, which means it is performing significantly worse than earnings. Announcement • Nov 11
Nissan Chemical Corporation to Report Q3, 2025 Results on Feb 07, 2025 Nissan Chemical Corporation announced that they will report Q3, 2025 results on Feb 07, 2025 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 61% but the company is paying out more than the cash it is generating. Trailing yield: 3.2%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.0%). Reported Earnings • Aug 11
First quarter 2025 earnings released: EPS: JP¥83.77 (vs JP¥87.39 in 1Q 2024) First quarter 2025 results: EPS: JP¥83.77 (down from JP¥87.39 in 1Q 2024). Revenue: JP¥58.7b (up 6.8% from 1Q 2024). Net income: JP¥11.6b (down 5.3% from 1Q 2024). Profit margin: 20% (down from 22% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Announcement • Aug 09
Nissan Chemical Corporation to Report Q2, 2025 Results on Nov 11, 2024 Nissan Chemical Corporation announced that they will report Q2, 2025 results on Nov 11, 2024 Declared Dividend • Jul 11
Final dividend of JP¥70.00 announced Shareholders will receive a dividend of JP¥70.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 252%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is covered by earnings (60% earnings payout ratio) but not covered by cash flows (167% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Valuation Update With 7 Day Price Move • May 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to €27.60, the stock trades at a forward P/E ratio of 16x. Average forward P/E is 14x in the Chemicals industry in Germany. Total loss to shareholders of 31% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €30.50 per share. Reported Earnings • May 15
Full year 2024 earnings released: EPS: JP¥273 (vs JP¥291 in FY 2023) Full year 2024 results: EPS: JP¥273 (down from JP¥291 in FY 2023). Revenue: JP¥226.7b (flat on FY 2023). Net income: JP¥38.0b (down 7.4% from FY 2023). Profit margin: 17% (down from 18% in FY 2023). Revenue is forecast to grow 5.6% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Board Change • May 09
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Takeoka Yuko was the last independent director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 11
Second quarter 2024 earnings released: EPS: JP¥52.08 (vs JP¥69.58 in 2Q 2023) Second quarter 2024 results: EPS: JP¥52.08 (down from JP¥69.58 in 2Q 2023). Revenue: JP¥50.7b (down 1.0% from 2Q 2023). Net income: JP¥7.26b (down 26% from 2Q 2023). Profit margin: 14% (down from 19% in 2Q 2023). Revenue is forecast to grow 5.2% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Nov 10
Nissan Chemical Corporation to Report Q3, 2024 Results on Feb 09, 2024 Nissan Chemical Corporation announced that they will report Q3, 2024 results on Feb 09, 2024 Upcoming Dividend • Sep 21
Upcoming dividend of JP¥70.00 per share at 2.5% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 05 December 2023. Payout ratio is a comfortable 58% but the company is paying out more than the cash it is generating. Trailing yield: 2.5%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (5.9%). Reported Earnings • Aug 11
First quarter 2024 earnings released: EPS: JP¥87.39 (vs JP¥98.13 in 1Q 2023) First quarter 2024 results: EPS: JP¥87.39 (down from JP¥98.13 in 1Q 2023). Revenue: JP¥54.9b (down 5.7% from 1Q 2023). Net income: JP¥12.2b (down 12% from 1Q 2023). Profit margin: 22% (down from 24% in 1Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 4.8% p.a. on average during the next 3 years, compared to a 1.9% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Announcement • Aug 10
Nissan Chemical Corporation to Report Q2, 2024 Results on Nov 10, 2023 Nissan Chemical Corporation announced that they will report Q2, 2024 results on Nov 10, 2023 Reported Earnings • May 17
Full year 2023 earnings released: EPS: JP¥291 (vs JP¥272 in FY 2022) Full year 2023 results: EPS: JP¥291 (up from JP¥272 in FY 2022). Revenue: JP¥228.1b (up 9.7% from FY 2022). Net income: JP¥41.1b (up 6.0% from FY 2022). Profit margin: 18% (in line with FY 2022). Revenue is forecast to grow 3.7% p.a. on average during the next 3 years, compared to a 3.1% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Announcement • May 16
Nissan Chemical Corporation (TSE:4021) announces an Equity Buyback for 1,250,000 shares, representing 0.89% for ¥5,000 million. Nissan Chemical Corporation (TSE:4021) announces a share repurchase program. Under the program, the company will repurchase up to 1,250,000 common shares, representing 0.89% of its issued share capital, for ¥5,000 million. The purpose of the program is to facilitate flexible implementation of capital policy in response to changes in the business environment. The plan will be valid up to July 28, 2023. As of May 15, 2023, the company had 140,423,428 shares issued (excluding treasury stock) and 176,572 shares in its treasury. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥94.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 29 June 2023. Payout ratio is a comfortable 23% and the cash payout ratio is 75%. Trailing yield: 2.8%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.7%). Reported Earnings • Feb 12
Third quarter 2023 earnings released: EPS: JP¥50.21 (vs JP¥65.66 in 3Q 2022) Third quarter 2023 results: EPS: JP¥50.21 (down from JP¥65.66 in 3Q 2022). Revenue: JP¥49.7b (flat on 3Q 2022). Net income: JP¥7.08b (down 24% from 3Q 2022). Profit margin: 14% (down from 19% in 3Q 2022). Revenue is forecast to grow 4.2% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Chemicals industry in Germany. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Reported Earnings • Nov 16
Second quarter 2023 earnings released: EPS: JP¥69.58 (vs JP¥52.18 in 2Q 2022) Second quarter 2023 results: EPS: JP¥69.58 (up from JP¥52.18 in 2Q 2022). Revenue: JP¥51.2b (up 13% from 2Q 2022). Net income: JP¥9.82b (up 32% from 2Q 2022). Profit margin: 19% (up from 16% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Board Change • Nov 16
Less than half of directors are independent There are 7 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Nakagawa Miyuki was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Nov 13
Second quarter 2023 earnings released: EPS: JP¥69.58 (vs JP¥52.18 in 2Q 2022) Second quarter 2023 results: EPS: JP¥69.58 (up from JP¥52.18 in 2Q 2022). Revenue: JP¥51.2b (up 13% from 2Q 2022). Net income: JP¥9.82b (up 32% from 2Q 2022). Profit margin: 19% (up from 16% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, while revenues in the Chemicals industry in Germany are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Announcement • Nov 12
Nissan Chemical Corporation to Report Q3, 2023 Results on Feb 10, 2023 Nissan Chemical Corporation announced that they will report Q3, 2023 results on Feb 10, 2023 Announcement • Sep 28
Nissan Chemical Corporation to Report Q2, 2023 Results on Nov 11, 2022 Nissan Chemical Corporation announced that they will report Q2, 2023 results on Nov 11, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥70.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 40% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of German dividend payers (5.1%). Lower than average of industry peers (6.1%). Reported Earnings • Aug 09
First quarter 2023 earnings released: EPS: JP¥98.13 (vs JP¥61.73 in 1Q 2022) First quarter 2023 results: EPS: JP¥98.13 (up from JP¥61.73 in 1Q 2022). Revenue: JP¥58.3b (up 25% from 1Q 2022). Net income: JP¥13.9b (up 57% from 1Q 2022). Profit margin: 24% (up from 19% in 1Q 2022). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 2.4%, compared to a 3.6% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 16% share price decline to €43.20, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 9x in the Chemicals industry in Germany. Total returns to shareholders of 16% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €44.73 per share. Reported Earnings • May 16
Full year 2022 earnings released: EPS: JP¥272 (vs JP¥232 in FY 2021) Full year 2022 results: EPS: JP¥272 (up from JP¥232 in FY 2021). Revenue: JP¥208.0b (flat on FY 2021). Net income: JP¥38.8b (up 16% from FY 2021). Profit margin: 19% (up from 16% in FY 2021). Over the next year, revenue is forecast to grow 7.0%, compared to a 6.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 13% per year whereas the company’s share price has increased by 10% per year. Announcement • May 13
Nissan Chemical Corporation to Report Q1, 2023 Results on Aug 08, 2022 Nissan Chemical Corporation announced that they will report Q1, 2023 results on Aug 08, 2022 Board Change • Apr 27
Less than half of directors are independent There are 6 new directors who have joined the board in the last 3 years. Of these new board members, 3 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Independent Outside Director Nakagawa Miyuki was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥68.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 1.7%. Lower than top quartile of German dividend payers (3.6%). Lower than average of industry peers (4.7%). Reported Earnings • Feb 06
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: EPS: JP¥65.66 (up from JP¥30.92 in 3Q 2021). Revenue: JP¥49.5b (up 13% from 3Q 2021). Net income: JP¥9.35b (up 110% from 3Q 2021). Profit margin: 19% (up from 10% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 9.3%. Over the next year, revenue is forecast to grow 1.4%, compared to a 6.0% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Announcement • Feb 04
Nissan Chemical Corporation to Report Q4, 2022 Results on May 13, 2022 Nissan Chemical Corporation announced that they will report Q4, 2022 results on May 13, 2022 Reported Earnings • Nov 12
Second quarter 2022 earnings released: EPS JP¥52.18 (vs JP¥43.55 in 2Q 2021) The company reported a solid second quarter result with improved earnings and profit margins, although revenues were flat. Second quarter 2022 results: Revenue: JP¥45.3b (flat on 2Q 2021). Net income: JP¥7.44b (up 18% from 2Q 2021). Profit margin: 16% (up from 14% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has only increased by 2% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥48.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.2%). Lower than average of industry peers (3.7%). Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 20% share price gain to €53.50, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 12x in the Chemicals industry in Germany. Total returns to shareholders of 30% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €56.59 per share. Reported Earnings • Aug 11
First quarter 2022 earnings released: EPS JP¥61.73 (vs JP¥52.37 in 1Q 2021) The company reported a decent first quarter result with improved earnings and profit margins, although revenues were weaker. First quarter 2022 results: Revenue: JP¥46.5b (down 5.6% from 1Q 2021). Net income: JP¥8.85b (up 16% from 1Q 2021). Profit margin: 19% (up from 15% in 1Q 2021). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • May 16
Full year 2021 earnings released: EPS JP¥232 (vs JP¥210 in FY 2020) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥209.1b (up 1.1% from FY 2020). Net income: JP¥33.5b (up 8.7% from FY 2020). Profit margin: 16% (up from 15% in FY 2020). Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 5% per year. Upcoming Dividend • Mar 24
Upcoming dividend of JP¥52.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (3.3%). Lower than average of industry peers (3.6%). Is New 90 Day High Low • Feb 27
New 90-day low: €44.00 The company is down 12% from its price of €50.00 on 27 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €36.27 per share. Reported Earnings • Feb 08
Third quarter 2021 earnings released: EPS JP¥30.92 (vs JP¥20.64 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥43.7b (up 5.2% from 3Q 2020). Net income: JP¥4.46b (up 48% from 3Q 2020). Profit margin: 10% (up from 7.3% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 19% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Feb 08
Revenue misses expectations Revenue missed analyst estimates by 0.6%. Over the next year, revenue is forecast to grow 4.7%, compared to a 5.1% growth forecast for the Chemicals industry in Germany. Announcement • Feb 05
Nissan Chemical Corporation to Report Fiscal Year 2021 Results on May 14, 2021 Nissan Chemical Corporation announced that they will report fiscal year 2021 results on May 14, 2021 Reported Earnings • Nov 13
Second quarter 2021 earnings released: EPS JP¥43.55 The company reported a poor second quarter result with weaker earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: JP¥45.2b (down 5.3% from 2Q 2020). Net income: JP¥6.29b (down 6.0% from 2Q 2020). Profit margin: 14% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Analyst Estimate Surprise Post Earnings • Nov 13
Revenue misses expectations Revenue missed analyst estimates by 0.3%. Over the next year, revenue is forecast to grow 5.0%, compared to a 3.6% growth forecast for the Chemicals industry in Germany. Announcement • Nov 12
Nissan Chemical Corporation to Report Q3, 2021 Results on Feb 05, 2021 Nissan Chemical Corporation announced that they will report Q3, 2021 results on Feb 05, 2021 Is New 90 Day High Low • Nov 07
New 90-day high: €46.00 The company is up 1.0% from its price of €45.40 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Chemicals industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €29.86 per share. Announcement • Oct 02
Nissan Chemical Corporation to Report Q2, 2021 Results on Nov 12, 2020 Nissan Chemical Corporation announced that they will report Q2, 2021 results at 3:00 PM, Tokyo Standard Time on Nov 12, 2020