Duyuru • Jun 05
Nihon Kagaku Sangyo Co., Ltd. to Report Q1, 2027 Results on Aug 06, 2026 Nihon Kagaku Sangyo Co., Ltd. announced that they will report Q1, 2027 results on Aug 06, 2026 Reported Earnings • May 19
Full year 2026 earnings released: EPS: JP¥117 (vs JP¥121 in FY 2025) Full year 2026 results: EPS: JP¥117 (down from JP¥121 in FY 2025). Revenue: JP¥28.0b (up 10% from FY 2025). Net income: JP¥2.28b (down 3.2% from FY 2025). Profit margin: 8.1% (down from 9.3% in FY 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 25% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 14
Nihon Kagaku Sangyo Co., Ltd., Annual General Meeting, Jun 26, 2026 Nihon Kagaku Sangyo Co., Ltd., Annual General Meeting, Jun 26, 2026. Duyuru • May 09
Nihon Kagaku Sangyo Co., Ltd. to Report Fiscal Year 2026 Results on May 14, 2026 Nihon Kagaku Sangyo Co., Ltd. announced that they will report fiscal year 2026 results on May 14, 2026 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 30 March 2026. Payment date: 08 June 2026. Payout ratio is a comfortable 69% but the company is paying out more than the cash it is generating. Trailing yield: 3.6%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.3%). Reported Earnings • Feb 10
Third quarter 2026 earnings released: EPS: JP¥40.39 (vs JP¥32.15 in 3Q 2025) Third quarter 2026 results: EPS: JP¥40.39 (up from JP¥32.15 in 3Q 2025). Revenue: JP¥7.32b (up 8.0% from 3Q 2025). Net income: JP¥786.0m (up 26% from 3Q 2025). Profit margin: 11% (up from 9.2% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth. Declared Dividend • Dec 09
First half dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 30th March 2026 Payment date: 8th June 2026 Dividend yield will be 3.9%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (74% earnings payout ratio) but not covered by cash flows (196% cash payout ratio). The dividend has increased by an average of 17% 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. Earnings per share has grown by 8.5% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Nov 29
Nihon Kagaku Sangyo Co., Ltd. to Report Q3, 2026 Results on Feb 09, 2026 Nihon Kagaku Sangyo Co., Ltd. announced that they will report Q3, 2026 results on Feb 09, 2026 Reported Earnings • Nov 09
Second quarter 2026 earnings released: EPS: JP¥23.66 (vs JP¥23.70 in 2Q 2025) Second quarter 2026 results: EPS: JP¥23.66 (down from JP¥23.70 in 2Q 2025). Revenue: JP¥6.89b (up 6.8% from 2Q 2025). Net income: JP¥460.5m (flat on 2Q 2025). Profit margin: 6.7% (down from 7.1% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 31% per year, which means it is well ahead of earnings. Duyuru • Sep 26
Nihon Kagaku Sangyo Co., Ltd. to Report Q2, 2026 Results on Nov 07, 2025 Nihon Kagaku Sangyo Co., Ltd. announced that they will report Q2, 2026 results on Nov 07, 2025 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 29 September 2025. Payment date: 08 December 2025. Payout ratio is a comfortable 62% but the company is paying out more than the cash it is generating. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.6%). New Risk • Aug 08
New major risk - Revenue and earnings growth Earnings have declined by 0.1% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 0.1% per year over the past 5 years. Minor Risk Dividend is not well covered by cash flows (106% cash payout ratio). Reported Earnings • Aug 08
First quarter 2026 earnings released: EPS: JP¥40.70 (vs JP¥40.22 in 1Q 2025) First quarter 2026 results: EPS: JP¥40.70 (up from JP¥40.22 in 1Q 2025). Revenue: JP¥6.40b (up 5.5% from 1Q 2025). Net income: JP¥792.0m (up 1.3% from 1Q 2025). Profit margin: 12% (in line with 1Q 2025). Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has increased by 30% per year, which means it is well ahead of earnings. Declared Dividend • Jul 09
Final dividend of JP¥45.00 announced Shareholders will receive a dividend of JP¥45.00. Ex-date: 29th September 2025 Payment date: 8th December 2025 Dividend yield will be 4.7%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by earnings (50% earnings payout ratio) but not covered by cash flows (106% cash payout ratio). The dividend has increased by an average of 17% 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. Earnings per share has grown by 4.2% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. New Risk • Jun 04
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Cash payout ratio: 106% Dividend yield: 4.5% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Duyuru • May 31
Nihon Kagaku Sangyo Co., Ltd. to Report Q1, 2026 Results on Aug 07, 2025 Nihon Kagaku Sangyo Co., Ltd. announced that they will report Q1, 2026 results on Aug 07, 2025 Reported Earnings • May 19
Full year 2025 earnings released: EPS: JP¥121 (vs JP¥88.76 in FY 2024) Full year 2025 results: EPS: JP¥121 (up from JP¥88.76 in FY 2024). Revenue: JP¥25.4b (up 13% from FY 2024). Net income: JP¥2.36b (up 35% from FY 2024). Profit margin: 9.3% (up from 7.8% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 15% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 25% After last week's 25% share price gain to JP¥1,888, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 11x in the Chemicals industry in Japan. Total returns to shareholders of 101% over the past three years. Duyuru • May 14
Nihon Kagaku Sangyo Co., Ltd., Annual General Meeting, Jun 26, 2025 Nihon Kagaku Sangyo Co., Ltd., Annual General Meeting, Jun 26, 2025. Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to JP¥1,269, the stock trades at a trailing P/E ratio of 10.6x. Average trailing P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 27% over the past three years. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 05 June 2025. Payout ratio is a comfortable 50% and this is well supported by cash flows. Trailing yield: 3.9%. Within top quartile of Japanese dividend payers (3.7%). Higher than average of industry peers (2.6%). Duyuru • Mar 11
Nihon Kagaku Sangyo Co., Ltd. to Report Fiscal Year 2025 Results on May 14, 2025 Nihon Kagaku Sangyo Co., Ltd. announced that they will report fiscal year 2025 results on May 14, 2025 Reported Earnings • Feb 08
Third quarter 2025 earnings released: EPS: JP¥32.12 (vs JP¥25.68 in 3Q 2024) Third quarter 2025 results: EPS: JP¥32.12 (up from JP¥25.68 in 3Q 2024). Revenue: JP¥6.78b (up 17% from 3Q 2024). Net income: JP¥625.0m (up 24% from 3Q 2024). Profit margin: 9.2% (up from 8.6% in 3Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Declared Dividend • Dec 07
First half dividend of JP¥30.00 announced Dividend of JP¥30.00 is the same as last year. Ex-date: 28th March 2025 Payment date: 5th June 2025 Dividend yield will be 4.1%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is well covered by both earnings (26% earnings payout ratio) and cash flows (48% cash payout ratio). The dividend has increased by an average of 14% 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. Earnings per share has grown by 1.8% over the last 5 years. Unless this trend reverses, it should provide support to the dividend and adequate earnings cover. Duyuru • Nov 28
Nihon Kagaku Sangyo Co., Ltd. to Report Q3, 2025 Results on Feb 07, 2025 Nihon Kagaku Sangyo Co., Ltd. announced that they will report Q3, 2025 results on Feb 07, 2025 Reported Earnings • Nov 10
Second quarter 2025 earnings released: EPS: JP¥23.70 (vs JP¥13.87 in 2Q 2024) Second quarter 2025 results: EPS: JP¥23.70 (up from JP¥13.87 in 2Q 2024). Revenue: JP¥6.45b (up 21% from 2Q 2024). Net income: JP¥461.0m (up 69% from 2Q 2024). Profit margin: 7.1% (up from 5.1% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has increased by 1% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 05 December 2024. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 4.2%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.4%). Duyuru • Aug 27
Nihon Kagaku Sangyo Co., Ltd. to Report Q2, 2025 Results on Nov 08, 2024 Nihon Kagaku Sangyo Co., Ltd. announced that they will report Q2, 2025 results on Nov 08, 2024 Reported Earnings • Aug 09
First quarter 2025 earnings released: EPS: JP¥40.22 (vs JP¥25.19 in 1Q 2024) First quarter 2025 results: EPS: JP¥40.22 (up from JP¥25.19 in 1Q 2024). Revenue: JP¥6.07b (up 11% from 1Q 2024). Net income: JP¥782.0m (up 57% from 1Q 2024). Profit margin: 13% (up from 9.1% in 1Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 18% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Declared Dividend • Jul 11
Final dividend of JP¥30.00 announced Shareholders will receive a dividend of JP¥30.00. Ex-date: 27th September 2024 Payment date: 5th December 2024 Dividend yield will be 4.0%, which is higher than the industry average of 2.2%. Sustainability & Growth Dividend is covered by both earnings (38% earnings payout ratio) and cash flows (60% cash payout ratio). The dividend has increased by an average of 14% 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. The company's earnings per share (EPS) would need to decline by 58% to shift the payout ratio to a potentially unsustainable range, which is more than the 5.2% EPS decline seen over the last 5 years. Duyuru • Jun 02
Nihon Kagaku Sangyo Co., Ltd. to Report Q1, 2025 Results on Aug 07, 2024 Nihon Kagaku Sangyo Co., Ltd. announced that they will report Q1, 2025 results on Aug 07, 2024 Reported Earnings • May 19
Full year 2024 earnings released: EPS: JP¥88.76 (vs JP¥113 in FY 2023) Full year 2024 results: EPS: JP¥88.76 (down from JP¥113 in FY 2023). Revenue: JP¥22.4b (down 6.7% from FY 2023). Net income: JP¥1.74b (down 22% from FY 2023). Profit margin: 7.8% (down from 9.3% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings. Duyuru • May 16
Nihon Kagaku Sangyo Co., Ltd., Annual General Meeting, Jun 25, 2024 Nihon Kagaku Sangyo Co., Ltd., Annual General Meeting, Jun 25, 2024. Upcoming Dividend • Mar 21
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 28 March 2024. Payment date: 07 June 2024. Payout ratio is a comfortable 38% and this is well supported by cash flows. Trailing yield: 2.3%. Lower than top quartile of Japanese dividend payers (3.2%). In line with average of industry peers (2.1%). Duyuru • Mar 02
Nihon Kagaku Sangyo Co., Ltd. to Report Q4, 2024 Results on May 14, 2024 Nihon Kagaku Sangyo Co., Ltd. announced that they will report Q4, 2024 results on May 14, 2024 Reported Earnings • Feb 09
Third quarter 2024 earnings released: EPS: JP¥25.67 (vs JP¥28.49 in 3Q 2023) Third quarter 2024 results: EPS: JP¥25.67 (down from JP¥28.49 in 3Q 2023). Revenue: JP¥5.82b (up 1.1% from 3Q 2023). Net income: JP¥503.0m (down 11% from 3Q 2023). Profit margin: 8.6% (down from 9.8% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 3% per year, which means it is well ahead of earnings. Duyuru • Nov 27
Nihon Kagaku Sangyo Co., Ltd. to Report Q3, 2024 Results on Feb 07, 2024 Nihon Kagaku Sangyo Co., Ltd. announced that they will report Q3, 2024 results on Feb 07, 2024 Reported Earnings • Nov 08
Second quarter 2024 earnings released: EPS: JP¥13.87 (vs JP¥16.52 in 2Q 2023) Second quarter 2024 results: EPS: JP¥13.87 (down from JP¥16.52 in 2Q 2023). Revenue: JP¥5.32b (down 12% from 2Q 2023). Net income: JP¥273.0m (down 16% from 2Q 2023). Profit margin: 5.1% (down from 5.4% in 2Q 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year. Upcoming Dividend • Sep 21
Upcoming dividend of JP¥16.00 per share at 2.8% yield Eligible shareholders must have bought the stock before 28 September 2023. Payment date: 06 December 2023. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.5%). Duyuru • Aug 27
Nihon Kagaku Sangyo Co., Ltd. to Report Q2, 2024 Results on Nov 07, 2023 Nihon Kagaku Sangyo Co., Ltd. announced that they will report Q2, 2024 results on Nov 07, 2023 Reported Earnings • Aug 09
First quarter 2024 earnings released: EPS: JP¥25.19 (vs JP¥48.76 in 1Q 2023) First quarter 2024 results: EPS: JP¥25.19 (down from JP¥48.76 in 1Q 2023). Revenue: JP¥5.48b (down 19% from 1Q 2023). Net income: JP¥497.0m (down 48% from 1Q 2023). Profit margin: 9.1% (down from 14% in 1Q 2023). The decrease in margin was driven by lower revenue. 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. Duyuru • Jun 15
Nihon Kagaku Sangyo Co., Ltd. (TSE:4094) announces an Equity Buyback for 300,000 shares, representing 1.51% for ¥450 million. Nihon Kagaku Sangyo Co., Ltd. (TSE:4094) announces a share repurchase program. Under the program, the company will repurchase up to 300,000 shares, representing 1.51% of its total shares outstanding excluding treasury shares, for a total of ¥450 million. The purpose of the repurchase program is to enable the company to implement a flexible capital policy in response to changes in the business environment. The share repurchase program is valid until March 29, 2024. As of March 31, 2023, the company had 19,812,949 shares outstanding excluding treasury shares and had 867,051 shares in treasury. Duyuru • May 28
Nihon Kagaku Sangyo Co., Ltd. to Report Q1, 2024 Results on Aug 04, 2023 Nihon Kagaku Sangyo Co., Ltd. announced that they will report Q1, 2024 results on Aug 04, 2023 Reported Earnings • May 15
Full year 2023 earnings released: EPS: JP¥113 (vs JP¥163 in FY 2022) Full year 2023 results: EPS: JP¥113 (down from JP¥163 in FY 2022). Revenue: JP¥24.1b (up 1.5% from FY 2022). Net income: JP¥2.23b (down 31% from FY 2022). Profit margin: 9.3% (down from 14% in FY 2022). The decrease in margin was driven by higher expenses. 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 5% per year, which means it is significantly lagging earnings growth. Duyuru • May 14
Nihon Kagaku Sangyo Co., Ltd., Annual General Meeting, Jun 27, 2023 Nihon Kagaku Sangyo Co., Ltd., Annual General Meeting, Jun 27, 2023. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥16.00 per share at 3.1% yield Eligible shareholders must have bought the stock before 30 March 2023. Payment date: 07 June 2023. Payout ratio is a comfortable 12% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.8%). Reported Earnings • Feb 10
Third quarter 2023 earnings released: EPS: JP¥28.48 (vs JP¥47.21 in 3Q 2022) Third quarter 2023 results: EPS: JP¥28.48 (down from JP¥47.21 in 3Q 2022). Revenue: JP¥5.75b (down 6.8% from 3Q 2022). Net income: JP¥562.0m (down 40% from 3Q 2022). Profit margin: 9.8% (down from 15% in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Duyuru • Nov 30
Nihon Kagaku Sangyo Co., Ltd. to Report Q3, 2023 Results on Feb 07, 2023 Nihon Kagaku Sangyo Co., Ltd. announced that they will report Q3, 2023 results on Feb 07, 2023 Reported Earnings • Nov 18
Second quarter 2023 earnings released: EPS: JP¥16.52 (vs JP¥34.50 in 2Q 2022) Second quarter 2023 results: EPS: JP¥16.52 (down from JP¥34.50 in 2Q 2022). Revenue: JP¥6.07b (up 7.7% from 2Q 2022). Net income: JP¥326.0m (down 52% from 2Q 2022). Profit margin: 5.4% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • Nov 16
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. 8 non-independent directors. Independent External Director Masayuki Yoshinari was the last independent director to join the board, commencing their role in 2015. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 10
Second quarter 2023 earnings released: EPS: JP¥16.52 (vs JP¥34.50 in 2Q 2022) Second quarter 2023 results: EPS: JP¥16.52 (down from JP¥34.50 in 2Q 2022). Revenue: JP¥6.07b (up 7.7% from 2Q 2022). Net income: JP¥326.0m (down 52% from 2Q 2022). Profit margin: 5.4% (down from 12% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Duyuru • Sep 28
Nihon Kagaku Sangyo Co., Ltd. to Report Q2, 2023 Results on Nov 08, 2022 Nihon Kagaku Sangyo Co., Ltd. announced that they will report Q2, 2023 results on Nov 08, 2022 Upcoming Dividend • Sep 22
Upcoming dividend of JP¥16.00 per share Eligible shareholders must have bought the stock before 29 September 2022. Payment date: 06 December 2022. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.7%). In line with average of industry peers (2.9%). Reported Earnings • Aug 07
First quarter 2023 earnings released: EPS: JP¥48.76 (vs JP¥42.29 in 1Q 2022) First quarter 2023 results: EPS: JP¥48.76 (up from JP¥42.29 in 1Q 2022). Revenue: JP¥6.80b (up 23% from 1Q 2022). Net income: JP¥962.0m (up 14% from 1Q 2022). Profit margin: 14% (down from 15% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Duyuru • Jun 02
Nihon Kagaku Sangyo Co., Ltd. to Report Q1, 2023 Results on Aug 05, 2022 Nihon Kagaku Sangyo Co., Ltd. announced that they will report Q1, 2023 results on Aug 05, 2022 Reported Earnings • May 18
Full year 2022 earnings released: EPS: JP¥163 (vs JP¥91.92 in FY 2021) Full year 2022 results: EPS: JP¥163 (up from JP¥91.92 in FY 2021). Revenue: JP¥23.7b (up 21% from FY 2021). Net income: JP¥3.24b (up 76% from FY 2021). Profit margin: 14% (up from 9.4% in FY 2021). The increase in margin was driven by higher revenue. 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. Duyuru • May 15
Nihon Kagaku Sangyo Co., Ltd., Annual General Meeting, Jun 28, 2022 Nihon Kagaku Sangyo Co., Ltd., Annual General Meeting, Jun 28, 2022. Board Change • Apr 27
No independent directors There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 8 experienced directors. 3 highly experienced directors. No independent directors (9 non-independent directors). Director Hiroki Kadoya was the last 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: Lack of independent directors. Insufficient board refreshment. Duyuru • Apr 07
Nihon Kagaku Sangyo Co., Ltd. to Report Fiscal Year 2022 Results on May 13, 2022 Nihon Kagaku Sangyo Co., Ltd. announced that they will report fiscal year 2022 results on May 13, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 08 June 2022. Payout ratio is a comfortable 19% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.4%). In line with average of industry peers (2.6%). Reported Earnings • Feb 07
Third quarter 2022 earnings: Revenues and EPS in line with analyst expectations Third quarter 2022 results: EPS: JP¥47.20 (up from JP¥28.53 in 3Q 2021). Revenue: JP¥6.17b (up 16% from 3Q 2021). Net income: JP¥936.0m (up 64% from 3Q 2021). Profit margin: 15% (up from 11% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Nov 07
Second quarter 2022 earnings released: EPS JP¥34.50 (vs JP¥7.88 in 2Q 2021) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥5.64b (up 40% from 2Q 2021). Net income: JP¥684.0m (up 333% from 2Q 2021). Profit margin: 12% (up from 3.9% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 07 December 2021. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (3.0%). Higher than average of industry peers (1.9%). Reported Earnings • Aug 06
First quarter 2022 earnings released: EPS JP¥42.29 (vs JP¥24.54 in 1Q 2021) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥5.52b (up 18% from 1Q 2021). Net income: JP¥844.0m (up 72% from 1Q 2021). Profit margin: 15% (up from 11% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 9% per year but the company’s share price has only fallen by 1% per year, which means it has not declined as severely as earnings. Reported Earnings • May 18
Full year 2021 earnings released: EPS JP¥91.92 (vs JP¥98.61 in FY 2020) The company reported a soft full year result with weaker earnings and revenues, although profit margins were improved. Full year 2021 results: Revenue: JP¥19.6b (down 8.7% from FY 2020). Net income: JP¥1.84b (down 6.8% from FY 2020). Profit margin: 9.4% (up from 9.2% in FY 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 9% per year whereas the company’s share price has fallen by 5% per year. Upcoming Dividend • Mar 23
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 09 June 2021. Trailing yield: 2.2%. Lower than top quartile of Japanese dividend payers (2.7%). Higher than average of industry peers (1.8%). Reported Earnings • Feb 07
Third quarter 2021 earnings released: EPS JP¥28.53 (vs JP¥32.32 in 3Q 2020) The company reported a poor third quarter result with weaker earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: JP¥5.32b (down 5.7% from 3Q 2020). Net income: JP¥572.0m (down 12% from 3Q 2020). Profit margin: 11% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 4% per year. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment improved over the past week After last week's 21% share price gain to JP¥1,329, the stock is trading at a trailing P/E ratio of 16.4x, up from the previous P/E ratio of 13.6x. This compares to an average P/E of 17x in the Chemicals industry in Japan. Total return to shareholders over the past three years is a loss of 22%. Is New 90 Day High Low • Jan 06
New 90-day high: JP¥1,329 The company is up 23% from its price of JP¥1,080 on 08 October 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Chemicals industry, which is up 14% over the same period. Valuation Update With 7 Day Price Move • Dec 07
Market bids up stock over the past week After last week's 16% share price gain to JP¥1,225, the stock is trading at a trailing P/E ratio of 15.1x, up from the previous P/E ratio of 13.1x. This compares to an average P/E of 17x in the Chemicals industry in Japan. Total return to shareholders over the past three years is a loss of 21%. Duyuru • Dec 03
Nihon Kagaku Sangyo Co., Ltd. to Report Q3, 2021 Results on Feb 05, 2021 Nihon Kagaku Sangyo Co., Ltd. announced that they will report Q3, 2021 results on Feb 05, 2021 Is New 90 Day High Low • Dec 03
New 90-day high: JP¥1,126 The company is up 7.0% from its price of JP¥1,054 on 04 September 2020. The Japanese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 17% over the same period. Duyuru • Sep 06
Nihon Kagaku Sangyo Co., Ltd. to Report Q2, 2021 Results on Nov 06, 2020 Nihon Kagaku Sangyo Co., Ltd. announced that they will report Q2, 2021 results on Nov 06, 2020 
