Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 6 non-independent directors. Independent Outside Director Hiroshi Kanie was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • May 02
Aica Kogyo Company, Limited, Annual General Meeting, Jun 23, 2026 Aica Kogyo Company, Limited, Annual General Meeting, Jun 23, 2026. Duyuru • Apr 22
Aica Kogyo Company, Limited to Report Fiscal Year 2026 Results on May 01, 2026 Aica Kogyo Company, Limited announced that they will report fiscal year 2026 results on May 01, 2026 Duyuru • Mar 23
Aica Kogyo Company, Limited(TSE:4206) dropped from FTSE All-World Index (USD) Aica Kogyo Company, Limited(TSE:4206) dropped from FTSE All-World Index (USD) Duyuru • Feb 18
Aica Kogyo Company, Limited (TSE:4206) completed the acquisition of 27.12268% stake in Stylam Industries Limited (BSE:526951) from Pushpa Gupta, Dipti Gupta and Manav Gupta. Aica Kogyo Company, Limited (TSE:4206) agreed to acquire 27.12268% stake in Stylam Industries Limited (BSE:526951) from Pushpa Gupta, Dipti Gupta and Manav Gupta for INR 10.3 billion on December 26, 2025. In related transactions, will acquire 26% stake via open offer and 12.88% from Nidhi Gupta, Saru Gupta and Jagdish Gupta. A cash consideration valued at INR 2250 per share will be paid by Aica Kogyo Company, Limited. As of February 13, 2026, Aica Kogyo acquired the trance 1 of 16,94,906 of 10%.
Akshay Chudasama, Aman Singh Sethi, Kriti Kaushik, Pooja Ramchandani, Atika Vaz, Shreya Jain, Mukul Baveja, Ashoo Gupta, Yogesh Chande, Kaustubh Verma and Jamshed Bhumgara of Shardul Amarchand Mangaldas & Co acted as legal advisor to Aica Kogyo Company, Limited. Whereas Vaishnavi Salimath, Trisha Shetty, Jayantika Khanna and Abhishek Dadoo of Khaitan & Co. acted as legal advisor to Stylam Industries Limited.
Aica Kogyo Company, Limited (TSE:4206) completed the acquisition of 27.12268% stake in Stylam Industries Limited (BSE:526951) from Pushpa Gupta, Dipti Gupta and Manav Gupta on February 17, 2026. Duyuru • Dec 26
Aica Kogyo Company, Limited (TSE:4206) made an open Offer to acquire 26% stake in Stylam Industries Limited (BSE:526951) from public shareholders for INR 9.9 billion. Aica Kogyo Company, Limited (TSE:4206) made an open Offer to acquire 26% stake in Stylam Industries Limited (BSE:526951) from public shareholders for INR 9.9 billion on December 26, 2025. A cash consideration valued at INR 2250 per share will be paid by Aica Kogyo Company, Limited. In related transaction Aica Kogyo also entered into two share purchase agreements to acquire Equity Shares of the Target Company. Funds for the share acquisitions will be provided from cash on hand and/or bank borrowings. Open Offer is not subject to any minimum level of acceptance. Commencement of Open Offer Period is planned for late February through early March, 2026 which is subject to change or extension depending on the approval of the Competition Commission of India.
ICICI Securities Limited acted as Manager to the Open Offer on behalf of the Acquirer. Duyuru • Nov 29
Aica Kogyo Company, Limited to Report Q3, 2026 Results on Feb 03, 2026 Aica Kogyo Company, Limited announced that they will report Q3, 2026 results on Feb 03, 2026 Duyuru • Sep 27
Aica Kogyo Company, Limited to Report Q2, 2026 Results on Nov 05, 2025 Aica Kogyo Company, Limited announced that they will report Q2, 2026 results on Nov 05, 2025 Duyuru • Jun 27
Aica Kogyo Company, Limited to Report Q1, 2026 Results on Aug 04, 2025 Aica Kogyo Company, Limited announced that they will report Q1, 2026 results on Aug 04, 2025 Duyuru • Mar 27
Aica Kogyo Company, Limited to Report Fiscal Year 2025 Results on May 01, 2025 Aica Kogyo Company, Limited announced that they will report fiscal year 2025 results on May 01, 2025 Duyuru • Jan 03
Aica Kogyo Company, Limited to Report Q3, 2025 Results on Jan 31, 2025 Aica Kogyo Company, Limited announced that they will report Q3, 2025 results on Jan 31, 2025 Buy Or Sell Opportunity • Nov 13
Now 20% overvalued The stock has been flat over the last 90 days, currently trading at €20.20. The fair value is estimated to be €16.80, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 5.7% over the last 3 years. Earnings per share has grown by 6.1%. Revenue is forecast to grow by 13% in 2 years. Earnings are forecast to grow by 12% in the next 2 years. Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: JP¥73.80 (vs JP¥66.48 in 2Q 2024) Second quarter 2025 results: EPS: JP¥73.80 (up from JP¥66.48 in 2Q 2024). Revenue: JP¥63.3b (up 7.6% from 2Q 2024). Net income: JP¥4.72b (up 11% from 2Q 2024). Profit margin: 7.5% (up from 7.2% in 2Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Germany. Duyuru • Oct 31
Aica Kogyo Company, Limited Announces Dividend for the Second Quarter End of Fiscal Year Ending March 31, 2025, Payable on December 3, 2024 Aica Kogyo Company, Limited announced dividend for the second quarter end of fiscal year ending March 31, 2025. For the period, the announced dividend of JPY 56.00 per share against JPY 52.00 per share. Scheduled date to commence dividend payments: December 3, 2024. Duyuru • Sep 27
Aica Kogyo Company, Limited to Report Q2, 2025 Results on Oct 30, 2024 Aica Kogyo Company, Limited announced that they will report Q2, 2025 results on Oct 30, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥53.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 04 December 2024. Payout ratio is a comfortable 46% and this is well supported by cash flows. Trailing yield: 3.4%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (5.0%). Reported Earnings • Aug 01
First quarter 2025 earnings released: EPS: JP¥64.62 (vs JP¥49.04 in 1Q 2024) First quarter 2025 results: EPS: JP¥64.62 (up from JP¥49.04 in 1Q 2024). Revenue: JP¥56.8b (up 4.3% from 1Q 2024). Net income: JP¥4.13b (up 32% from 1Q 2024). Profit margin: 7.3% (up from 5.8% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 4.6% growth forecast for the Chemicals industry in Germany. Declared Dividend • Jul 11
Final dividend of JP¥53.00 announced Shareholders will receive a dividend of JP¥53.00. Ex-date: 27th September 2024 Payment date: 4th December 2024 Dividend yield will be 272%, which is higher than the industry average of 6.1%. Sustainability & Growth Dividend is covered by both earnings (56% earnings payout ratio) and cash flows (37% cash payout ratio). The dividend has increased by an average of 12% 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 26% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Duyuru • Jun 28
Aica Kogyo Company, Limited to Report Q1, 2025 Results on Jul 30, 2024 Aica Kogyo Company, Limited announced that they will report Q1, 2025 results on Jul 30, 2024 Duyuru • May 02
Aica Kogyo Company, Limited, Annual General Meeting, Jun 25, 2024 Aica Kogyo Company, Limited, Annual General Meeting, Jun 25, 2024. Reported Earnings • May 01
Full year 2024 earnings released: EPS: JP¥237 (vs JP¥157 in FY 2023) Full year 2024 results: EPS: JP¥237 (up from JP¥157 in FY 2023). Revenue: JP¥236.6b (down 2.2% from FY 2023). Net income: JP¥15.1b (up 51% from FY 2023). Profit margin: 6.4% (up from 4.2% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.9% p.a. on average during the next 2 years, compared to a 4.1% growth forecast for the Chemicals industry in Germany. Duyuru • Mar 29
Aica Kogyo Company, Limited to Report Fiscal Year 2024 Results on Apr 30, 2024 Aica Kogyo Company, Limited announced that they will report fiscal year 2024 results on Apr 30, 2024 Upcoming Dividend • Mar 21
Upcoming dividend of JP¥59.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 26 June 2024. Payout ratio is a comfortable 56% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (4.8%). Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥76.14 (vs JP¥51.37 in 3Q 2023) Third quarter 2024 results: EPS: JP¥76.14 (up from JP¥51.37 in 3Q 2023). Revenue: JP¥61.6b (down 2.4% from 3Q 2023). Net income: JP¥4.87b (up 48% from 3Q 2023). Profit margin: 7.9% (up from 5.2% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Chemicals industry in Germany. Duyuru • Dec 28
Aica Kogyo Company, Limited to Report Q3, 2024 Results on Jan 31, 2024 Aica Kogyo Company, Limited announced that they will report Q3, 2024 results on Jan 31, 2024 Duyuru • Nov 01
Aica Kogyo Company, Limited Declares Dividend for the Second Quarter-End of Fiscal Year Ending March 31, 2024, Payable on December 4, 2023 Aica Kogyo Company, Limited declared dividend for the second quarter-end of fiscal year ending March 31, 2024. For the period, the company declared a dividend of JPY 52.00 per share against JPY 50.00 per share paid a year ago. Scheduled date to commence dividend payments: December 4, 2023. Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥66.48 (vs JP¥55.91 in 2Q 2023) Second quarter 2024 results: EPS: JP¥66.48 (up from JP¥55.91 in 2Q 2023). Revenue: JP¥58.8b (down 5.3% from 2Q 2023). Net income: JP¥4.25b (up 19% from 2Q 2023). Profit margin: 7.2% (up from 5.8% in 2Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.3% p.a. on average during the next 3 years, compared to a 2.3% growth forecast for the Chemicals industry in Germany. Duyuru • Sep 30
Aica Kogyo Company, Limited to Report Q2, 2024 Results on Oct 30, 2023 Aica Kogyo Company, Limited announced that they will report Q2, 2024 results on Oct 30, 2023 Duyuru • Sep 08
Aica Kogyo Company, Limited (TSE:4206) signed an agreement to acquire Kuen Bong Technology (Thailand) Co.,Ltd. from Honour Rich International Corporation, Kuen Bong Chemical Industry Corporation and other minority shareholders. Aica Kogyo Company, Limited (TSE:4206) signed an agreement to acquire Kuen Bong Technology (Thailand) Co.,Ltd. from Honour Rich International Corporation, Kuen Bong Chemical Industry Corporation and other minority shareholders on September 7, 2023. Aica Kogyo Company will acquire 21 million shares in Kuen Bong Technology (Thailand). Kuen Bong Technology (Thailand) has reported net assets of THB 109 million, total assets of THB 261.9 million and Sales of THB 30.2 million in 2022. The transaction is expected to complete on October 31, 2023. Reported Earnings • Jul 28
First quarter 2024 earnings released: EPS: JP¥49.04 (vs JP¥44.72 in 1Q 2023) First quarter 2024 results: EPS: JP¥49.04 (up from JP¥44.72 in 1Q 2023). Revenue: JP¥54.5b (down 2.0% from 1Q 2023). Net income: JP¥3.14b (up 9.7% from 1Q 2023). Profit margin: 5.8% (up from 5.1% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 5.4% p.a. on average during the next 3 years, compared to a 1.4% growth forecast for the Chemicals industry in Germany. Duyuru • Jun 29
Aica Kogyo Company, Limited to Report Q1, 2024 Results on Jul 27, 2023 Aica Kogyo Company, Limited announced that they will report Q1, 2024 results on Jul 27, 2023 Board Change • May 25
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 4 non-independent directors. Independent Outside Director Kenji Ogura was the last independent director to join the board, commencing their role in 2014. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.