Valuation Update With 7 Day Price Move • Jun 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥4,730, the stock trades at a trailing P/E ratio of 37.3x. Average trailing P/E is 13x in the Chemicals industry in Japan. Total returns to shareholders of 519% over the past three years. Canlı Haber • Jun 27
ISE Chemicals Signs Deal to Build Iodine Facilities in Texas, New Mexico, Oklahoma ISE Chemicals has signed a definitive agreement with Select Water Solutions to fund, design, construct, own and operate commercial iodine extraction and refining facilities in the US, using produced water infrastructure across Texas, New Mexico and Oklahoma, with a first plant targeted for commissioning in 2027 and a broader build-out aiming for around 3,000 tonnes of iodine output per year by 2030.
The partnership shifts ISE Chemicals toward a larger US footprint and greater access to produced water feedstock, while Select Water Solutions will provide sourcing and infrastructure support and receive royalties from the iodine facilities.
ISE Chemicals’ share price is ¥4,385, with the stock up 19.0% over the past day, against a backdrop of weaker performance over the past three months.
This agreement gives ISE Chemicals a clearer long-term growth avenue but also adds execution and project timing risk around new facilities and US operations. New Risk • Jun 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 June 2026. Payment date: 01 September 2026. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.9%). Lower than average of industry peers (2.0%). Duyuru • Jun 09
ISE Chemicals Corporation to Report Q2, 2026 Results on Jul 30, 2026 ISE Chemicals Corporation announced that they will report Q2, 2026 results on Jul 30, 2026 Reported Earnings • May 05
First quarter 2026 earnings released: EPS: JP¥26.02 (vs JP¥26.73 in 1Q 2025) First quarter 2026 results: EPS: JP¥26.02 (down from JP¥26.73 in 1Q 2025). Revenue: JP¥8.81b (up 7.0% from 1Q 2025). Net income: JP¥1.33b (down 2.6% from 1Q 2025). Profit margin: 15% (down from 17% in 1Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 29% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Apr 22
ISE Chemicals Corporation to Report Q1, 2026 Results on May 01, 2026 ISE Chemicals Corporation announced that they will report Q1, 2026 results on May 01, 2026 Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥5,840, the stock trades at a trailing P/E ratio of 45.8x. Average trailing P/E is 15x in the Chemicals industry in Japan. Total returns to shareholders of 673% over the past three years. Buy Or Sell Opportunity • Apr 16
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 8.1% to JP¥5,740. The fair value is estimated to be JP¥4,530, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 31%. Buy Or Sell Opportunity • Apr 01
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to JP¥5,460. The fair value is estimated to be JP¥4,471, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 31%. Reported Earnings • Feb 07
Full year 2025 earnings released: EPS: JP¥1,275 (vs JP¥99.51 in FY 2024) Full year 2025 results: EPS: JP¥1,275 (up from JP¥99.51 in FY 2024). Revenue: JP¥39.3b (up 18% from FY 2024). Net income: JP¥6.50b (up 28% from FY 2024). Profit margin: 17% (up from 15% in FY 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 101% per year but the company’s share price has increased by 129% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 05
ISE Chemicals Corporation, Annual General Meeting, Mar 26, 2026 ISE Chemicals Corporation, Annual General Meeting, Mar 26, 2026. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to JP¥7,290, the stock trades at a trailing P/E ratio of 57.7x. Average trailing P/E is 13x in the Chemicals industry in Japan. Total returns to shareholders of 1,182% over the past three years. Valuation Update With 7 Day Price Move • Jan 15
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥5,530, the stock trades at a trailing P/E ratio of 43.8x. Average trailing P/E is 13x in the Chemicals industry in Japan. Total returns to shareholders of 1,032% over the past three years. New Risk • Dec 28
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. Dividend per share is over 6x cash flows per share. Dividend yield: 8.8% 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. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by cash flows (dividend per share is over 6x cash flows per share). Share price has been volatile over the past 3 months (7.2% average weekly change). Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥42,700, the stock trades at a trailing P/E ratio of 33.8x. Average trailing P/E is 13x in the Chemicals industry in Japan. Total returns to shareholders of 770% over the past three years. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥200 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 March 2026. Payout ratio is a comfortable 44% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.6%). Lower than average of industry peers (2.5%). Duyuru • Dec 13
ISE Chemicals Corporation to Report Fiscal Year 2025 Results on Feb 05, 2026 ISE Chemicals Corporation announced that they will report fiscal year 2025 results on Feb 05, 2026 Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: JP¥365 (vs JP¥308 in 3Q 2024) Third quarter 2025 results: EPS: JP¥365 (up from JP¥308 in 3Q 2024). Revenue: JP¥10.7b (up 16% from 3Q 2024). Net income: JP¥1.86b (up 19% from 3Q 2024). Profit margin: 17% (in line with 3Q 2024). Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has increased by 80% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Sep 11
ISE Chemicals Corporation to Report Q3, 2025 Results on Oct 31, 2025 ISE Chemicals Corporation announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Jul 29
Second quarter 2025 earnings released: EPS: JP¥384 (vs JP¥269 in 2Q 2024) Second quarter 2025 results: EPS: JP¥384 (up from JP¥269 in 2Q 2024). Revenue: JP¥11.0b (up 30% from 2Q 2024). Net income: JP¥1.96b (up 43% from 2Q 2024). Profit margin: 18% (up from 16% in 2Q 2024). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥190 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 02 September 2025. Payout ratio is a comfortable 33% but the company is paying out more than the cash it is generating. Trailing yield: 1.4%. Lower than top quartile of Japanese dividend payers (4.0%). Lower than average of industry peers (2.9%). Duyuru • Jun 11
ISE Chemicals Corporation to Report Q2, 2025 Results on Jul 25, 2025 ISE Chemicals Corporation announced that they will report Q2, 2025 results on Jul 25, 2025 New Risk • May 15
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 9.3% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • May 01
First quarter 2025 earnings released: EPS: JP¥267 (vs JP¥172 in 1Q 2024) First quarter 2025 results: EPS: JP¥267 (up from JP¥172 in 1Q 2024). Revenue: JP¥8.24b (up 20% from 1Q 2024). Net income: JP¥1.36b (up 56% from 1Q 2024). Profit margin: 17% (up from 13% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 2 years compared to a 4.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth. New Risk • May 01
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 3.4% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 are forecast to decline by an average of 3.4% per year for the foreseeable future. Minor Risk Share price has been volatile over the past 3 months (8.3% average weekly change). Valuation Update With 7 Day Price Move • Apr 07
Investor sentiment deteriorates as stock falls 23% After last week's 23% share price decline to JP¥17,280, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 337% over the past three years. Duyuru • Mar 11
ISE Chemicals Corporation to Report Q1, 2025 Results on Apr 30, 2025 ISE Chemicals Corporation announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Feb 08
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: JP¥995 (up from JP¥720 in FY 2023). Revenue: JP¥33.3b (up 26% from FY 2023). Net income: JP¥5.07b (up 38% from FY 2023). Profit margin: 15% (up from 14% in FY 2023). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 2.1%. Earnings per share (EPS) also missed analyst estimates by 9.4%. Revenue is forecast to grow 1.1% p.a. on average during the next 2 years, compared to a 5.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 87% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 06
ISE Chemicals Corporation, Annual General Meeting, Mar 27, 2025 ISE Chemicals Corporation, Annual General Meeting, Mar 27, 2025. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥29,640, the stock trades at a forward P/E ratio of 30x. Average forward P/E is 11x in the Chemicals industry in Japan. Total returns to shareholders of 778% over the past three years. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥160 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. Payout ratio is a comfortable 28% but the company is paying out more than the cash it is generating. Trailing yield: 1.2%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (2.6%). Duyuru • Dec 04
ISE Chemicals Corporation to Report Fiscal Year 2024 Results on Feb 06, 2025 ISE Chemicals Corporation announced that they will report fiscal year 2024 results on Feb 06, 2025 Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥24,890, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 11x in the Chemicals industry in Japan. Total returns to shareholders of 649% over the past three years. Reported Earnings • Oct 31
Third quarter 2024 earnings released: EPS: JP¥308 (vs JP¥143 in 3Q 2023) Third quarter 2024 results: EPS: JP¥308 (up from JP¥143 in 3Q 2023). Revenue: JP¥9.27b (up 44% from 3Q 2023). Net income: JP¥1.57b (up 115% from 3Q 2023). Profit margin: 17% (up from 11% in 3Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to stay flat during the next 3 years compared to a 5.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 74% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Sep 04
ISE Chemicals Corporation to Report Q3, 2024 Results on Oct 29, 2024 ISE Chemicals Corporation announced that they will report Q3, 2024 results on Oct 29, 2024 Valuation Update With 7 Day Price Move • Aug 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to JP¥20,750, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Chemicals industry in Japan. Total returns to shareholders of 579% over the past three years. New Risk • Jul 29
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. 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 expected to decline, then in most cases the share price will decline over time as well. 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 Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings are forecast to decline by an average of 1.4% per year for the foreseeable future. Reported Earnings • Jul 27
Second quarter 2024 earnings released: EPS: JP¥269 (vs JP¥229 in 2Q 2023) Second quarter 2024 results: EPS: JP¥269 (up from JP¥229 in 2Q 2023). Revenue: JP¥8.48b (up 14% from 2Q 2023). Net income: JP¥1.37b (up 17% from 2Q 2023). Profit margin: 16% (in line with 2Q 2023). Revenue is forecast to grow 2.7% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 71% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 04
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥23,200, the stock trades at a forward P/E ratio of 27x. Average forward P/E is 14x in the Chemicals industry in Japan. Total returns to shareholders of 630% over the past three years. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥160 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 02 September 2024. Payout ratio is a comfortable 36% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.3%). Valuation Update With 7 Day Price Move • Jun 19
Investor sentiment deteriorates as stock falls 30% After last week's 30% share price decline to JP¥24,550, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 13x in the Chemicals industry in Japan. Total returns to shareholders of 685% over the past three years. Duyuru • Jun 13
ISE Chemicals Corporation to Report Q2, 2024 Results on Jul 25, 2024 ISE Chemicals Corporation announced that they will report Q2, 2024 results on Jul 25, 2024 Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to JP¥29,200, the stock trades at a forward P/E ratio of 33x. Average forward P/E is 13x in the Chemicals industry in Japan. Total returns to shareholders of 835% over the past three years. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥20,480, the stock trades at a forward P/E ratio of 23x. Average forward P/E is 14x in the Chemicals industry in Japan. Total returns to shareholders of 588% over the past three years. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: JP¥172 (vs JP¥132 in 1Q 2023) First quarter 2024 results: EPS: JP¥172 (up from JP¥132 in 1Q 2023). Revenue: JP¥6.86b (up 34% from 1Q 2023). Net income: JP¥875.0m (up 30% from 1Q 2023). Profit margin: 13% (in line with 1Q 2023). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 5.5% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 73% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥18,680, the stock trades at a forward P/E ratio of 21x. Average forward P/E is 14x in the Chemicals industry in Japan. Total returns to shareholders of 513% over the past three years. Valuation Update With 7 Day Price Move • Mar 21
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥13,190, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 14x in the Chemicals industry in Japan. Total returns to shareholders of 328% over the past three years. Buy Or Sell Opportunity • Mar 08
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 52% to JP¥11,530. The fair value is estimated to be JP¥9,349, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 3.8% per annum over the same time period. Duyuru • Mar 01
ISE Chemicals Corporation to Report Q1, 2024 Results on Apr 25, 2024 ISE Chemicals Corporation announced that they will report Q1, 2024 results on Apr 25, 2024 Buy Or Sell Opportunity • Feb 15
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 44% to JP¥11,490. The fair value is estimated to be JP¥9,436, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 16% over the last 3 years. Earnings per share has grown by 34%. For the next 3 years, revenue is forecast to grow by 5.5% per annum. Earnings are also forecast to grow by 3.8% per annum over the same time period. Duyuru • Feb 10
ISE Chemicals Corporation, Annual General Meeting, Mar 27, 2024 ISE Chemicals Corporation, Annual General Meeting, Mar 27, 2024. Reported Earnings • Feb 09
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: JP¥720 (up from JP¥503 in FY 2022). Revenue: JP¥26.4b (up 3.3% from FY 2022). Net income: JP¥3.67b (up 43% from FY 2022). Profit margin: 14% (up from 10.0% in FY 2022). The increase in margin was primarily driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.6%. Revenue is forecast to grow 2.0% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has increased by 50% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to JP¥9,800, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 13x in the Chemicals industry in Japan. Total returns to shareholders of 225% over the past three years. Upcoming Dividend • Dec 21
Upcoming dividend of JP¥110 per share at 2.8% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 01 April 2024. Payout ratio is a comfortable 5.3% and this is well supported by cash flows. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.4%). Duyuru • Dec 05
ISE Chemicals Corporation to Report Fiscal Year 2023 Results on Feb 07, 2024 ISE Chemicals Corporation announced that they will report fiscal year 2023 results on Feb 07, 2024 Reported Earnings • Oct 29
Third quarter 2023 earnings released: EPS: JP¥143 (vs JP¥179 in 3Q 2022) Third quarter 2023 results: EPS: JP¥143 (down from JP¥179 in 3Q 2022). Revenue: JP¥6.43b (down 9.7% from 3Q 2022). Net income: JP¥729.0m (down 20% from 3Q 2022). Profit margin: 11% (down from 13% in 3Q 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 2.3% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year whereas the company’s share price has increased by 37% per year. Duyuru • Sep 06
ISE Chemicals Corporation to Report Q3, 2023 Results on Oct 26, 2023 ISE Chemicals Corporation announced that they will report Q3, 2023 results on Oct 26, 2023 Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: JP¥229 (vs JP¥119 in 2Q 2022) Second quarter 2023 results: EPS: JP¥229 (up from JP¥119 in 2Q 2022). Revenue: JP¥7.42b (up 7.6% from 2Q 2022). Net income: JP¥1.17b (up 92% from 2Q 2022). Profit margin: 16% (up from 8.8% in 2Q 2022). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.0% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year whereas the company’s share price has increased by 41% per year. Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥7,720, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 12x in the Chemicals industry in Japan. Total returns to shareholders of 168% over the past three years. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥110 per share at 2.7% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 01 September 2023. Payout ratio is a comfortable 31% but the company is paying out more than the cash it is generating. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.5%). In line with average of industry peers (2.5%). Duyuru • Jun 09
ISE Chemicals Corporation to Report Q2, 2023 Results on Jul 27, 2023 ISE Chemicals Corporation announced that they will report Q2, 2023 results on Jul 27, 2023 Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: JP¥132 (vs JP¥80.03 in 1Q 2022) First quarter 2023 results: EPS: JP¥132 (up from JP¥80.03 in 1Q 2022). Revenue: JP¥5.14b (flat on 1Q 2022). Net income: JP¥675.0m (up 65% from 1Q 2022). Profit margin: 13% (up from 7.9% in 1Q 2022). Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Chemicals industry in Japan. Over the last 3 years on average, earnings per share has increased by 33% per year whereas the company’s share price has increased by 36% per year. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to JP¥6,580, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 10x in the Chemicals industry in Japan. Total returns to shareholders of 113% over the past three years. Duyuru • Feb 05
ISE Chemicals Corporation, Annual General Meeting, Mar 29, 2023 ISE Chemicals Corporation, Annual General Meeting, Mar 29, 2023. Reported Earnings • Feb 04
Full year 2022 earnings released: EPS: JP¥503 (vs JP¥348 in FY 2021) Full year 2022 results: EPS: JP¥503 (up from JP¥348 in FY 2021). Revenue: JP¥25.6b (up 26% from FY 2021). Net income: JP¥2.56b (up 45% from FY 2021). Profit margin: 10.0% (up from 8.7% 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 30% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥75.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 30 March 2023. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 2.8%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.0%). Duyuru • Dec 09
ISE Chemicals Corporation to Report Fiscal Year 2022 Results on Feb 03, 2023 ISE Chemicals Corporation announced that they will report fiscal year 2022 results on Feb 03, 2023 Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. No independent directors (6 non-independent directors). External Auditor Atsushi Koyama was the last director to join the board, commencing their role in 2011. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: JP¥179 (vs JP¥95.14 in 3Q 2021) Third quarter 2022 results: EPS: JP¥179 (up from JP¥95.14 in 3Q 2021). Revenue: JP¥7.13b (up 30% from 3Q 2021). Net income: JP¥915.0m (up 89% from 3Q 2021). Profit margin: 13% (up from 8.8% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: JP¥119 (vs JP¥120 in 2Q 2021) Second quarter 2022 results: EPS: JP¥119 (down from JP¥120 in 2Q 2021). Revenue: JP¥6.90b (up 23% from 2Q 2021). Net income: JP¥608.0m (flat on 2Q 2021). Profit margin: 8.8% (down from 11% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 01 September 2022. Payout ratio is a comfortable 31% but the company is not cash flow positive. Trailing yield: 2.7%. Lower than top quartile of Japanese dividend payers (3.8%). In line with average of industry peers (3.0%). Duyuru • Jun 12
ISE Chemicals Corporation to Report Q2, 2022 Results on Jul 27, 2022 ISE Chemicals Corporation announced that they will report Q2, 2022 results on Jul 27, 2022 Reported Earnings • Apr 28
First quarter 2022 earnings released: EPS: JP¥80.03 (vs JP¥37.47 in 1Q 2021) First quarter 2022 results: EPS: JP¥80.03 (up from JP¥37.47 in 1Q 2021). Revenue: JP¥5.17b (up 40% from 1Q 2021). Net income: JP¥408.0m (up 114% from 1Q 2021). Profit margin: 7.9% (up from 5.2% in 1Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 25% 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 • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 8 experienced directors. 2 highly experienced directors. No independent directors (6 non-independent directors). External Auditor Atsushi Koyama was the last director to join the board, commencing their role in 2011. 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 08
ISE Chemicals Corporation to Report Q1, 2022 Results on Apr 26, 2022 ISE Chemicals Corporation announced that they will report Q1, 2022 results on Apr 26, 2022 Duyuru • Feb 05
ISE Chemicals Corporation, Annual General Meeting, Mar 29, 2022 ISE Chemicals Corporation, Annual General Meeting, Mar 29, 2022. Reported Earnings • Feb 04
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥348 (up from JP¥263 in FY 2020). Revenue: JP¥20.4b (up 21% from FY 2020). Net income: JP¥1.77b (up 32% from FY 2020). Profit margin: 8.7% (up from 8.0% in FY 2020). 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 27% per year but the company’s share price has only increased by 5% per year, which means it is significantly lagging earnings growth. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥55.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 30% but the company is not cash flow positive. Trailing yield: 3.0%. Lower than top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.2%). Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS JP¥95.10 (vs JP¥90.21 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were weaker. Third quarter 2021 results: Revenue: JP¥5.50b (up 21% from 3Q 2020). Net income: JP¥485.0m (up 5.4% from 3Q 2020). Profit margin: 8.8% (down from 10% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Reported Earnings • Jul 30
Second quarter 2021 earnings released: EPS JP¥120 (vs JP¥42.75 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥5.60b (up 33% from 2Q 2020). Net income: JP¥610.0m (up 180% from 2Q 2020). Profit margin: 11% (up from 5.2% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 34% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Upcoming Dividend • Jun 23
Upcoming dividend of JP¥45.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 01 September 2021. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.1%). Higher than average of industry peers (2.1%). Reported Earnings • Apr 29
First quarter 2021 earnings released: EPS JP¥37.46 (vs JP¥48.44 in 1Q 2020) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥3.70b (down 1.0% from 1Q 2020). Net income: JP¥191.0m (down 23% from 1Q 2020). Profit margin: 5.2% (down from 6.6% in 1Q 2020). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 03
Full year 2020 earnings released: EPS JP¥263 (vs JP¥234 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were flat. Full year 2020 results: Revenue: JP¥16.9b (flat on FY 2019). Net income: JP¥1.34b (up 13% from FY 2019). Profit margin: 8.0% (up from 7.1% in FY 2019). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.