Resonac Holdings Future Growth
Future criteria checks 3/6
Resonac Holdings is forecast to grow earnings and revenue by 27.1% and 3.9% per annum respectively. EPS is expected to grow by 26.2% per annum. Return on equity is forecast to be 18.6% in 3 years.
Key information
27.1%
Earnings growth rate
26.24%
EPS growth rate
| Chemicals earnings growth | 13.2% |
| Revenue growth rate | 3.9% |
| Future return on equity | 18.65% |
| Analyst coverage | Good |
| Last updated | 10 Sep 2026 |
Recent future growth updates
Analysis Article • Aug 08
Analysts Are Updating Their Resonac Holdings Corporation (TSE:4004) Estimates After Its Half-Year Results
Shareholders of Resonac Holdings Corporation ( TSE:4004 ) will be pleased this week, given that the stock price is up...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...Recent updates
Narrative Update • Sep 08
4004: Petrochemical Spin-Off Will Support Stronger Semiconductor Earnings Expectations
Analysts have nudged their price target for Resonac Holdings higher, with fair value shifting from about ¥20,533 to ¥21,070 as they factor in a slightly different balance of assumed revenue growth, profit margin, discount rate and future P/E. What's in the News for Resonac Holdings Resonac Holdings held a board meeting on August 25, 2026 to consider a partial spin off of its Crasus Chemical petrochemical business, which would separate that segment from the rest of the group.
Narrative Update • Aug 25
4004: Index Additions And Buybacks Will Support Semiconductor Margin Upside
Analysts have lifted their fair value estimate for Resonac Holdings from ¥24,580 to ¥28,000, citing revised assumptions that pair a slightly higher discount rate and P/E multiple with updated views on revenue growth and profit margin. What's in the News for Resonac Holdings A board meeting is scheduled for August 25, 2026 to consider a resolution on the partial spin off of the Crasus Chemical petrochemical business.Analysis Article • Aug 08
Analysts Are Updating Their Resonac Holdings Corporation (TSE:4004) Estimates After Its Half-Year Results
Shareholders of Resonac Holdings Corporation ( TSE:4004 ) will be pleased this week, given that the stock price is up...
Narrative Update • Jul 29
4004: Upgraded Semiconductor Outlook Will Likely Overstate Sustainable Margin And Earnings Power
Analysts have lifted their fair value estimate for Resonac Holdings from ¥9,388 to ¥10,455, citing updated assumptions for discount rates, a modestly less severe projected revenue decline, slightly higher profit margins, and an adjusted future P/E outlook. What’s in the News for Resonac Holdings Resonac Holdings plans a board meeting on June 23, 2026 to consider purchasing shares held by untraceable shareholders.Narrative Update • Jul 15
4004: Semiconductor Upside And Index Inclusions Will Support Stronger Earnings Expectations
The updated analyst price target for Resonac Holdings has shifted from a fair value estimate of ¥15,085 to approximately ¥20,533, with analysts citing revised assumptions for revenue growth, profit margins, and future P/E as the basis for this change. What's in the News Resonac Holdings scheduled a Board Meeting for June 23, 2026, to consider the purchase of shares held by untraceable shareholders.Narrative Update • Jul 01
4004: Index Additions And Buybacks Will Support Back End Semiconductor Focus
Analysts have raised their price target for Resonac Holdings from ¥17,000 to ¥24,580, citing updated assumptions around fair value that reflect revised views on revenue growth, profit margins, the appropriate discount rate, and the future P/E multiple. What’s in the News for Resonac Holdings The Board of Directors scheduled a meeting on June 23, 2026 to consider the purchase of shares held by untraceable shareholders.Narrative Update • Jun 17
4004: Rising Semiconductor Earnings Expectations Will Likely Outrun Future Margin Reality
Analysts now place their fair value estimate for Resonac Holdings at approximately ¥9,388, compared with the prior ¥3,700. They cite updated assumptions around discount rates, profit margins and future P/E levels as the key drivers of this change.Narrative Update • Jun 02
4004: Semiconductor Demand Assumptions Will Drive Overly Optimistic Earnings Expectations
Analysts have raised their price target for Resonac Holdings from ¥13,293 to ¥15,085, citing updated assumptions for revenue growth, profit margins, discount rate, and future P/E, which together support a higher estimated fair value. What's in the News Resonac Holdings revised consolidated earnings guidance for the first half ending June 30, 2026, with expected revenue of ¥660,000 million, compared with previous guidance of ¥615,000 million.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...Narrative Update • Apr 29
4004: Spin Off Plans And Margin Outlook Will Shape Future Earnings Power
Analysts now estimate Resonac Holdings' fair value at about ¥13,293 per share, up from roughly ¥12,185. This change reflects updated assumptions for a slightly lower discount rate, more moderate revenue growth, a small uplift in profit margins, and a higher future P/E multiple.Narrative Update • Apr 14
4004: Back End Semiconductor Focus Will Benefit From Petrochemicals Spin Off
Analysts have kept the Resonac Holdings price target steady at ¥17,000, reflecting only modest tweaks to assumptions such as a slightly lower discount rate, minor adjustments to revenue growth and profit margin, and a small shift in the future P/E input. What's in the News A board meeting is scheduled for February 13, 2026 to address the sale of shares held by untraceable shareholders and partial amendments to the Articles of Incorporation (Board Meeting).Analysis Article • Apr 02
Resonac Holdings' (TSE:4004) Conservative Accounting Might Explain Soft Earnings
Soft earnings didn't appear to concern Resonac Holdings Corporation's ( TSE:4004 ) shareholders over the last week. We...Narrative Update • Mar 31
4004: Back End Semiconductor Processes Will Drive Future Upside Potential
Analysts have raised their price target on Resonac Holdings from ¥5,700 to ¥17,000, citing stronger assumptions for revenue growth, profit margins and future P/E. These assumptions are supported by fresh research that highlights the growing importance of back end semiconductor processes.Narrative Update • Mar 17
4004: Back End Process Upside Will Support Higher Future Earnings Power
Analysts have lifted their price target on Resonac Holdings from ¥9,651.67 to ¥12,185, citing renewed interest in the stock as back end semiconductor processes gain importance and support a higher assumed future P/E multiple. Analyst Commentary Bullish Takeaways Bullish analysts point to back end semiconductor processes as an area of growing importance, which they see as a key driver of Resonac Holdings' earnings power and a justification for a higher assumed P/E multiple.Narrative Update • Mar 03
4004: Back End Process Dependence Will Pressure Earnings Despite Bullish New Coverage
Analysts have lifted their fair value estimate for Resonac Holdings from about ¥6,775 to roughly ¥9,652. They point to higher assumed revenue growth, slightly stronger profit margins, a richer future P/E, and fresh Street coverage that highlights the growing importance of back end semiconductor processes.Narrative Update • Feb 17
4004: Back End Process Optimism Will Likely Outrun Future Earnings Delivery
Analysts have lifted their price target on Resonac Holdings to ¥8,050, pointing to growing interest in back end semiconductor processes as a key driver of their updated view. Analyst Commentary Goldman Sachs initiating coverage with a ¥8,050 price target highlights how central back end semiconductor processes have become to the Resonac Holdings story.Narrative Update • Feb 02
4004: Back End Semiconductor Hype Will Likely Outpace Future Earnings Delivery
Analysts have raised their fair value estimate for Resonac Holdings from ¥3,300 to ¥3,700, citing a lower discount rate, updated assumptions for profit margins and P/E, and the increasing importance of back end semiconductor processes highlighted in recent Street research. Analyst Commentary Recent Street research around Resonac has highlighted the growing role of back end semiconductor processes in the broader chip value chain.Narrative Update • Jan 19
4004: Back End Semiconductor Dependence Will Heighten Earnings Risk Through 2026
Analysts have lifted their price target for Resonac Holdings from ¥6,659 to ¥6,775, citing updated assumptions on revenue growth, P/E and discount rates, as well as recent research highlighting the growing importance of the company's back end semiconductor processes. Analyst Commentary Analysts are sharpening their focus on how Resonac's role in back end semiconductor processes could influence its valuation and execution risk over time.Analysis Article • Jan 16
Subdued Growth No Barrier To Resonac Holdings Corporation (TSE:4004) With Shares Advancing 29%
The Resonac Holdings Corporation ( TSE:4004 ) share price has done very well over the last month, posting an excellent...Analysis Article • Jan 05
Estimating The Fair Value Of Resonac Holdings Corporation (TSE:4004)
Key Insights Using the 2 Stage Free Cash Flow to Equity, Resonac Holdings fair value estimate is JP¥7,885 Resonac...Narrative Update • Jan 05
4004: Revised Assumptions Will Support Balanced Outlook Through 2026
Analysts have raised their fair value estimate for Resonac Holdings from ¥6,258 to ¥6,659, pointing to updated assumptions for revenue growth, profit margins and future P/E that they see as better reflecting the company’s current outlook. Valuation Changes Fair Value Estimate, revised from ¥6,258 to ¥6,659, suggesting a higher assessed worth for the shares.Analysis Article • Dec 15
Resonac Holdings (TSE:4004) Is Due To Pay A Dividend Of ¥65.00
The board of Resonac Holdings Corporation ( TSE:4004 ) has announced that it will pay a dividend of ¥65.00 per share on...Narrative Update • Dec 14
4004: Higher Margins And Lower Multiple Will Support Balanced Outlook Through 2026
Analysts have nudged their price target for Resonac Holdings modestly higher to ¥6,300 from approximately ¥6,100, citing improved long term profit margin expectations that more than offset a tempered revenue growth outlook and a lower assumed future P E multiple. Valuation Changes The fair value estimate has risen slightly, from approximately ¥6,085 to around ¥6,260 per share, reflecting improved profitability assumptions.Analysis Article • Dec 01
Resonac Holdings (TSE:4004) Is Due To Pay A Dividend Of ¥65.00
Resonac Holdings Corporation ( TSE:4004 ) will pay a dividend of ¥65.00 on the 27th of March. The dividend yield is...Narrative Update • Nov 30
4004: Upcoming Consortium Launch And Organic Shift Will Support Balanced Outlook Through 2026
Analysts have raised their price target on Resonac Holdings from ¥5,630.91 to ¥6,085.45, citing improved revenue growth projections as a key factor in their updated outlook. What's in the News Resonac Corporation has established JOINT3, a global consortium with 26 other leading companies to co-develop semiconductor materials, equipment, and panel-level organic interposers (Key Developments).Analysis Article • Nov 16
Resonac Holdings (TSE:4004) Has Announced A Dividend Of ¥65.00
The board of Resonac Holdings Corporation ( TSE:4004 ) has announced that it will pay a dividend of ¥65.00 per share on...Narrative Update • Nov 16
4004: Upcoming Panel-Level Project Collaboration Will Drive Measured Outlook Through 2026
Analysts have raised their price target for Resonac Holdings to approximately ¥5,630.91. This is an increase from ¥5,476.36 and reflects updated expectations for stronger revenue growth and a slightly lower discount rate, despite marginally reduced profit margin forecasts.Analysis Article • Nov 11
We Think Resonac Holdings (TSE:4004) Can Stay On Top Of Its Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Narrative Update • Nov 01
4004: Future Consortium Developments Will Limit Near-Term Upside Potential
Analysts have maintained their price target for Resonac Holdings at ¥5,476, citing only minimal adjustments to the discount rate and earnings assumptions. These changes do not materially alter their outlook for the stock.Narrative Update • Oct 17
Investments In AI Semiconductors Will Open Future Market Opportunities
Narrative Update on Resonac Holdings Analysts have raised their price target for Resonac Holdings from ¥5,113 to ¥5,476. This reflects updated assessments of the company’s fair value and ongoing adjustments to key financial assumptions.Narrative Update • Oct 03
Investments In AI Semiconductors Will Open Future Market Opportunities
Analysts have raised their price target for Resonac Holdings from ¥4,903.64 to ¥5,112.73. They cite improved profit margin forecasts and a lower discount rate, despite a reduction in projected revenue growth.Narrative Update • Sep 18
Investments In AI Semiconductors Will Open Future Market Opportunities
The upward revision in Resonac Holdings’ price target reflects higher consensus revenue growth forecasts and an increase in the expected future P/E multiple, resulting in a new analyst price target of ¥4,904. What's in the News Resonac has formed the 'JOINT3' consortium with 26 global semiconductor supply chain leaders to jointly develop panel-level organic interposer technology.
New Narrative • Jan 05
Semiconductor And Electronic Materials Surge To Propel Revenue And Increase Profit Margins
Strong growth in the Semiconductor and Electronic Materials segment, driven by AI demand and improved profitability, suggests promising future revenue and profit potential.Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 12/31/2028 | 1,447,566 | 190,144 | 123,338 | 291,269 | 11 |
| 12/31/2027 | 1,338,781 | 158,212 | 108,723 | 254,375 | 13 |
| 12/31/2026 | 1,299,000 | 108,236 | 125,550 | 264,211 | 12 |
| 6/30/2026 | 1,381,923 | 57,828 | 83,155 | 180,059 | N/A |
| 3/31/2026 | 1,333,895 | 35,560 | N/A | N/A | N/A |
| 12/31/2025 | 1,347,125 | 29,031 | 23,560 | 130,286 | N/A |
| 9/30/2025 | 1,346,233 | -3,388 | N/A | N/A | N/A |
| 6/30/2025 | 1,364,987 | 54,712 | 34,540 | 144,986 | N/A |
| 3/31/2025 | 1,388,165 | 35,605 | N/A | N/A | N/A |
| 12/31/2024 | 1,391,480 | 73,503 | 75,341 | 163,653 | N/A |
| 9/30/2024 | 1,374,111 | 38,182 | N/A | N/A | N/A |
| 6/30/2024 | 1,341,290 | 39,307 | 40,472 | 123,903 | N/A |
| 3/31/2024 | 1,311,324 | 20,371 | N/A | N/A | N/A |
| 12/31/2023 | 1,288,869 | -18,955 | 31,581 | 118,686 | N/A |
| 9/30/2023 | 1,300,776 | -11,025 | N/A | N/A | N/A |
| 6/30/2023 | 1,352,714 | -20,751 | 43,971 | 126,555 | N/A |
| 3/31/2023 | 1,383,548 | 10,096 | N/A | N/A | N/A |
| 12/31/2022 | 1,392,621 | 30,793 | 12,492 | 100,349 | N/A |
| 9/30/2022 | 1,402,091 | 33,687 | N/A | N/A | N/A |
| 6/30/2022 | 1,382,310 | 33,045 | -1,406 | 81,856 | N/A |
| 3/31/2022 | 1,387,948 | -8,851 | N/A | N/A | N/A |
| 12/31/2021 | 1,419,635 | -12,094 | 47,542 | 115,283 | N/A |
| 9/30/2021 | 1,389,419 | -28,980 | N/A | N/A | N/A |
| 6/30/2021 | 1,340,437 | -35,141 | 87,346 | 159,418 | N/A |
| 3/31/2021 | 1,141,645 | -73,812 | N/A | N/A | N/A |
| 12/31/2020 | 973,700 | -76,304 | 44,786 | 109,286 | N/A |
| 9/30/2020 | 846,856 | -65,529 | N/A | N/A | N/A |
| 6/30/2020 | 757,581 | -47,300 | -4,271 | 43,229 | N/A |
| 3/31/2020 | 843,461 | 42,713 | N/A | N/A | N/A |
| 12/31/2019 | 906,454 | 73,088 | N/A | 78,554 | N/A |
| 9/30/2019 | 962,773 | 93,194 | N/A | N/A | N/A |
| 6/30/2019 | 1,011,785 | 119,184 | N/A | 138,103 | N/A |
| 3/31/2019 | 1,012,169 | 119,826 | N/A | N/A | N/A |
| 12/31/2018 | 992,136 | 111,503 | N/A | 149,785 | N/A |
| 9/30/2018 | 941,512 | 109,305 | N/A | N/A | N/A |
| 6/30/2018 | 864,039 | 83,765 | N/A | 76,495 | N/A |
| 3/31/2018 | 811,888 | 43,668 | N/A | N/A | N/A |
| 12/31/2017 | 780,387 | 33,470 | N/A | 67,284 | N/A |
| 9/30/2017 | 750,562 | 24,204 | N/A | N/A | N/A |
| 6/30/2017 | 724,688 | 17,811 | N/A | 90,948 | N/A |
| 3/31/2017 | 698,356 | 25,946 | N/A | N/A | N/A |
| 12/31/2016 | 671,159 | 12,305 | N/A | 68,949 | N/A |
| 9/30/2016 | 670,266 | 8,912 | N/A | N/A | N/A |
| 6/30/2016 | 700,160 | 1,697 | N/A | 61,236 | N/A |
| 3/31/2016 | 739,872 | 9,385 | N/A | N/A | N/A |
| 12/31/2015 | 775,732 | 921 | N/A | 61,170 | N/A |
| 9/30/2015 | 819,041 | 4,840 | N/A | N/A | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: 4004's forecast earnings growth (27.1% per year) is above the savings rate (0.9%).
Earnings vs Market: 4004's earnings (27.1% per year) are forecast to grow faster than the JP market (8.7% per year).
High Growth Earnings: 4004's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 4004's revenue (3.9% per year) is forecast to grow slower than the JP market (6.3% per year).
High Growth Revenue: 4004's revenue (3.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 4004's Return on Equity is forecast to be low in 3 years time (18.6%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/14 08:39 |
| End of Day Share Price | 2026/09/14 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Resonac Holdings Corporation is covered by 24 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mikiya Yamada | Barclays |
| Takashi Enomoto | BofA Global Research |
| Atsushi Ikeda | Citigroup Inc |