Reported Earnings • May 01
First quarter 2026 earnings released: EPS: JP¥57.73 (vs JP¥18.44 in 1Q 2025) First quarter 2026 results: EPS: JP¥57.73 (up from JP¥18.44 in 1Q 2025). Revenue: JP¥15.0b (up 14% from 1Q 2025). Net income: JP¥919.0m (up 215% from 1Q 2025). Profit margin: 6.1% (up from 2.2% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 22% per year but the company’s share price has increased by 30% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to JP¥1,871, the stock trades at a trailing P/E ratio of 12.5x. Average trailing P/E is 14x in the Chemicals industry in Japan. Total returns to shareholders of 148% over the past three years. Buy Or Sell Opportunity • Apr 30
Now 27% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to JP¥1,871. The fair value is estimated to be JP¥1,475, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 4.4% over the last 3 years. Earnings per share has grown by 18%. Duyuru • Mar 31
Nicca Chemical Co.,Ltd. to Report Q1, 2026 Results on Apr 30, 2026 Nicca Chemical Co.,Ltd. announced that they will report Q1, 2026 results on Apr 30, 2026 Reported Earnings • Feb 16
Full year 2025 earnings released: EPS: JP¥150 (vs JP¥174 in FY 2024) Full year 2025 results: EPS: JP¥150 (down from JP¥174 in FY 2024). Revenue: JP¥55.7b (up 3.0% from FY 2024). Net income: JP¥2.38b (down 13% from FY 2024). Profit margin: 4.3% (down from 5.1% in FY 2024). 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 increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 13
Nicca Chemical Co.,Ltd., Annual General Meeting, Mar 26, 2026 Nicca Chemical Co.,Ltd., Annual General Meeting, Mar 26, 2026. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 29 December 2025. Payment date: 30 March 2026. Payout ratio is a comfortable 17% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of Japanese dividend payers (3.6%). Higher than average of industry peers (2.5%). Duyuru • Dec 03
Nicca Chemical Co.,Ltd. to Report Fiscal Year 2025 Results on Feb 13, 2026 Nicca Chemical Co.,Ltd. announced that they will report fiscal year 2025 results on Feb 13, 2026 Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: JP¥38.81 (vs JP¥39.87 in 3Q 2024) Third quarter 2025 results: EPS: JP¥38.81 (down from JP¥39.87 in 3Q 2024). Revenue: JP¥14.0b (up 4.5% from 3Q 2024). Net income: JP¥616.0m (down 2.4% from 3Q 2024). Profit margin: 4.4% (down from 4.7% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 17% per year whereas the company’s share price has increased by 19% per year. Duyuru • Sep 01
Nicca Chemical Co.,Ltd. to Report Q3, 2025 Results on Oct 31, 2025 Nicca Chemical Co.,Ltd. announced that they will report Q3, 2025 results on Oct 31, 2025 Reported Earnings • Aug 02
Second quarter 2025 earnings released: EPS: JP¥44.48 (vs JP¥56.86 in 2Q 2024) Second quarter 2025 results: EPS: JP¥44.48 (down from JP¥56.86 in 2Q 2024). Revenue: JP¥14.0b (up 1.2% from 2Q 2024). Net income: JP¥705.0m (down 22% from 2Q 2024). Profit margin: 5.0% (down from 6.5% in 2Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 15% per year whereas the company’s share price has increased by 16% per year. Upcoming Dividend • Jun 20
Upcoming dividend of JP¥30.00 per share Eligible shareholders must have bought the stock before 27 June 2025. Payment date: 09 September 2025. Payout ratio is a comfortable 30% and this is well supported by cash flows. Trailing yield: 4.8%. Within top quartile of Japanese dividend payers (4.0%). Higher than average of industry peers (2.9%). Duyuru • Jun 03
Nicca Chemical Co.,Ltd. to Report Q2, 2025 Results on Jul 31, 2025 Nicca Chemical Co.,Ltd. announced that they will report Q2, 2025 results on Jul 31, 2025 Reported Earnings • May 02
First quarter 2025 earnings released: EPS: JP¥18.44 (vs JP¥20.12 in 1Q 2024) First quarter 2025 results: EPS: JP¥18.44 (down from JP¥20.12 in 1Q 2024). Revenue: JP¥13.2b (up 7.9% from 1Q 2024). Net income: JP¥292.0m (down 8.2% from 1Q 2024). Profit margin: 2.2% (down from 2.6% in 1Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 12% per year whereas the company’s share price has increased by 16% per year. Duyuru • Mar 01
Nicca Chemical Co.,Ltd. to Report Q1, 2025 Results on Apr 30, 2025 Nicca Chemical Co.,Ltd. announced that they will report Q1, 2025 results on Apr 30, 2025 Reported Earnings • Feb 16
Full year 2024 earnings released: EPS: JP¥174 (vs JP¥107 in FY 2023) Full year 2024 results: EPS: JP¥174 (up from JP¥107 in FY 2023). Revenue: JP¥54.1b (up 7.8% from FY 2023). Net income: JP¥2.75b (up 63% from FY 2023). Profit margin: 5.1% (up from 3.4% in FY 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Feb 14
Nicca Chemical Co.,Ltd., Annual General Meeting, Mar 27, 2025 Nicca Chemical Co.,Ltd., Annual General Meeting, Mar 27, 2025. Upcoming Dividend • Dec 20
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 27 December 2024. Payment date: 28 March 2025. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 4.4%. Within top quartile of Japanese dividend payers (3.8%). Higher than average of industry peers (2.6%). Duyuru • Dec 05
Nicca Chemical Co.,Ltd. to Report Fiscal Year 2024 Results on Feb 14, 2025 Nicca Chemical Co.,Ltd. announced that they will report fiscal year 2024 results on Feb 14, 2025 Reported Earnings • Nov 02
Third quarter 2024 earnings released: EPS: JP¥39.87 (vs JP¥46.40 in 3Q 2023) Third quarter 2024 results: EPS: JP¥39.87 (down from JP¥46.40 in 3Q 2023). Revenue: JP¥13.4b (up 2.2% from 3Q 2023). Net income: JP¥631.0m (down 14% from 3Q 2023). Profit margin: 4.7% (down from 5.6% 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 6% per year but the company’s share price has increased by 8% per year, which means it is well ahead of earnings. New Risk • Sep 17
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Duyuru • Aug 27
Nicca Chemical Co.,Ltd. to Report Q3, 2024 Results on Oct 31, 2024 Nicca Chemical Co.,Ltd. announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to JP¥1,194, the stock trades at a trailing P/E ratio of 7.2x. Average trailing P/E is 11x in the Chemicals industry in Japan. Total returns to shareholders of 24% over the past three years. New Risk • Aug 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.7% a week. This is considered a minor risk. Share price volatility indicates 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. It also 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. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (5.7% average weekly change). Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: JP¥56.86 (vs JP¥16.34 in 2Q 2023) Second quarter 2024 results: EPS: JP¥56.86 (up from JP¥16.34 in 2Q 2023). Revenue: JP¥13.8b (up 8.1% from 2Q 2023). Net income: JP¥899.0m (up 248% from 2Q 2023). Profit margin: 6.5% (up from 2.0% in 2Q 2023). The increase in margin was driven by higher 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 4% per year, which means it is well ahead of earnings. New Risk • Jul 10
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: JP¥15.9b (US$98.1m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Market cap is less than US$100m (JP¥15.9b market cap, or US$98.1m). Upcoming Dividend • Jun 20
Upcoming dividend of JP¥17.00 per share Eligible shareholders must have bought the stock before 27 June 2024. Payment date: 09 September 2024. Payout ratio is a comfortable 26% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of Japanese dividend payers (3.4%). Higher than average of industry peers (2.3%). Duyuru • Jun 02
Nicca Chemical Co.,Ltd. to Report Q2, 2024 Results on Jul 31, 2024 Nicca Chemical Co.,Ltd. announced that they will report Q2, 2024 results on Jul 31, 2024 Reported Earnings • May 01
First quarter 2024 earnings released: EPS: JP¥20.12 (vs JP¥1.71 in 1Q 2023) First quarter 2024 results: EPS: JP¥20.12 (up from JP¥1.71 in 1Q 2023). Revenue: JP¥12.2b (up 6.1% from 1Q 2023). Net income: JP¥318.0m (up JP¥291.0m from 1Q 2023). Profit margin: 2.6% (up from 0.2% in 1Q 2023). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 16% 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. Duyuru • Feb 28
Nicca Chemical Co.,Ltd. to Report Q1, 2024 Results on Apr 26, 2024 Nicca Chemical Co.,Ltd. announced that they will report Q1, 2024 results on Apr 26, 2024 Duyuru • Feb 15
Nicca Chemical Co.,Ltd., Annual General Meeting, Mar 27, 2024 Nicca Chemical Co.,Ltd., Annual General Meeting, Mar 27, 2024. Reported Earnings • Feb 15
Full year 2023 earnings released: EPS: JP¥107 (vs JP¥134 in FY 2022) Full year 2023 results: EPS: JP¥107 (down from JP¥134 in FY 2022). Revenue: JP¥50.2b (flat on FY 2022). Net income: JP¥1.69b (down 20% from FY 2022). Profit margin: 3.4% (down from 4.2% in FY 2022). Over the last 3 years on average, earnings per share has fallen by 10% 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. Upcoming Dividend • Dec 21
Upcoming dividend of JP¥16.00 per share at 3.8% yield Eligible shareholders must have bought the stock before 28 December 2023. Payment date: 29 March 2024. Payout ratio is a comfortable 58% and this is well supported by cash flows. Trailing yield: 3.8%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.4%). Duyuru • Dec 05
Nicca Chemical Co.,Ltd. to Report Fiscal Year 2023 Results on Feb 13, 2024 Nicca Chemical Co.,Ltd. announced that they will report fiscal year 2023 results on Feb 13, 2024 Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: JP¥46.40 (vs JP¥51.53 in 3Q 2022) Third quarter 2023 results: EPS: JP¥46.40 (down from JP¥51.53 in 3Q 2022). Revenue: JP¥13.1b (down 1.3% from 3Q 2022). Net income: JP¥733.0m (down 9.8% from 3Q 2022). Profit margin: 5.6% (down from 6.1% in 3Q 2022). Over the last 3 years on average, earnings per share has fallen by 1% per year whereas the company’s share price has remained flat. Duyuru • Aug 27
Nicca Chemical Co.,Ltd. to Report Q3, 2023 Results on Oct 31, 2023 Nicca Chemical Co.,Ltd. announced that they will report Q3, 2023 results on Oct 31, 2023 New Risk • Jul 30
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 2.7% Last year net profit margin: 4.2% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (2.7% net profit margin). Market cap is less than US$100m (JP¥13.2b market cap, or US$93.8m). Reported Earnings • Jul 29
Second quarter 2023 earnings released: EPS: JP¥16.34 (vs JP¥34.12 in 2Q 2022) Second quarter 2023 results: EPS: JP¥16.34 (down from JP¥34.12 in 2Q 2022). Revenue: JP¥12.8b (flat on 2Q 2022). Net income: JP¥258.0m (down 52% from 2Q 2022). Profit margin: 2.0% (down from 4.2% in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥16.00 per share at 3.5% yield Eligible shareholders must have bought the stock before 29 June 2023. Payment date: 07 September 2023. Payout ratio is a comfortable 29% and this is well supported by cash flows. Trailing yield: 3.5%. Within top quartile of Japanese dividend payers (3.5%). Higher than average of industry peers (2.5%). Duyuru • May 21
Nicca Chemical Co.,Ltd. to Report Q2, 2023 Results on Jul 28, 2023 Nicca Chemical Co.,Ltd. announced that they will report Q2, 2023 results on Jul 28, 2023 Reported Earnings • Apr 01
Full year 2022 earnings released: EPS: JP¥134 (vs JP¥165 in FY 2021) Full year 2022 results: EPS: JP¥134 (down from JP¥165 in FY 2021). Revenue: JP¥50.6b (up 4.4% from FY 2021). Net income: JP¥2.11b (down 19% from FY 2021). Profit margin: 4.2% (down from 5.4% in FY 2021). 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 2% per year, which means it is significantly lagging earnings growth. Reported Earnings • Feb 12
Full year 2022 earnings released: EPS: JP¥134 (vs JP¥165 in FY 2021) Full year 2022 results: EPS: JP¥134 (down from JP¥165 in FY 2021). Revenue: JP¥50.6b (up 4.4% from FY 2021). Net income: JP¥2.11b (down 19% from FY 2021). Profit margin: 4.2% (down from 5.4% in FY 2021). 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 remained flat, which means it is significantly lagging earnings. Duyuru • Feb 12
Nicca Chemical Co.,Ltd., Annual General Meeting, Mar 28, 2023 Nicca Chemical Co.,Ltd., Annual General Meeting, Mar 28, 2023. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 29 December 2022. Payment date: 28 March 2023. Payout ratio is a comfortable 10% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.0%). Duyuru • Dec 08
Nicca Chemical Co.,Ltd. to Report Fiscal Year 2022 Results on Feb 10, 2023 Nicca Chemical Co.,Ltd. announced that they will report fiscal year 2022 results on Feb 10, 2023 Reported Earnings • Nov 16
Third quarter 2022 earnings released: EPS: JP¥51.53 (vs JP¥46.02 in 3Q 2021) Third quarter 2022 results: EPS: JP¥51.53 (up from JP¥46.02 in 3Q 2021). Revenue: JP¥13.3b (up 13% from 3Q 2021). Net income: JP¥813.0m (up 12% from 3Q 2021). Profit margin: 6.1% (in line with 3Q 2021). 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 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 are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 7 non-independent directors. Independent Outside Director Minako Yamaoka was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: JP¥51.53 (vs JP¥46.02 in 3Q 2021) Third quarter 2022 results: EPS: JP¥51.53 (up from JP¥46.02 in 3Q 2021). Revenue: JP¥13.3b (up 13% from 3Q 2021). Net income: JP¥813.0m (up 12% from 3Q 2021). Profit margin: 6.1% (in line with 3Q 2021). 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 2% per year, which means it is significantly lagging earnings. Duyuru • Aug 31
Nicca Chemical Co.,Ltd. to Report Q3, 2022 Results on Oct 27, 2022 Nicca Chemical Co.,Ltd. announced that they will report Q3, 2022 results on Oct 27, 2022 Reported Earnings • Jul 30
Second quarter 2022 earnings released: EPS: JP¥34.11 (vs JP¥34.87 in 2Q 2021) Second quarter 2022 results: EPS: JP¥34.11 (down from JP¥34.87 in 2Q 2021). Revenue: JP¥12.9b (up 2.3% from 2Q 2021). Net income: JP¥538.0m (down 2.0% from 2Q 2021). Profit margin: 4.2% (down from 4.4% 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 40% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥11.00 per share Eligible shareholders must have bought the stock before 29 June 2022. Payment date: 08 September 2022. Payout ratio is a comfortable 17% and this is well supported by cash flows. Trailing yield: 2.6%. Lower than top quartile of Japanese dividend payers (3.8%). Lower than average of industry peers (3.0%). Duyuru • Jun 05
Nicca Chemical Co.,Ltd. to Report Q2, 2022 Results on Jul 28, 2022 Nicca Chemical Co.,Ltd. announced that they will report Q2, 2022 results on Jul 28, 2022 Reported Earnings • Apr 30
First quarter 2022 earnings released: EPS: JP¥32.99 (vs JP¥65.70 in 1Q 2021) First quarter 2022 results: EPS: JP¥32.99 (down from JP¥65.70 in 1Q 2021). Revenue: JP¥12.0b (up 4.6% from 1Q 2021). Net income: JP¥520.0m (down 50% from 1Q 2021). Profit margin: 4.3% (down from 9.0% in 1Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 41% per year but the company’s share price has fallen by 11% per year, which means it is significantly lagging earnings. 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. 7 experienced directors. 5 highly experienced directors. No independent directors (9 non-independent directors). Senior Corporate Auditor Kazuhiro Miyamoto was the last director to join the board, commencing their role in 2019. 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 • Apr 02
Full year 2021 earnings released: EPS: JP¥165 (vs JP¥66.37 in FY 2020) Full year 2021 results: EPS: JP¥165 (up from JP¥66.37 in FY 2020). Revenue: JP¥48.5b (up 18% from FY 2020). Net income: JP¥2.60b (up 149% from FY 2020). Profit margin: 5.4% (up from 2.5% in FY 2020). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Duyuru • Feb 27
Nicca Chemical Co.,Ltd. to Report Q1, 2022 Results on Apr 28, 2022 Nicca Chemical Co.,Ltd. announced that they will report Q1, 2022 results on Apr 28, 2022 Duyuru • Feb 12
Nicca Chemical Co.,Ltd., Annual General Meeting, Mar 25, 2022 Nicca Chemical Co.,Ltd., Annual General Meeting, Mar 25, 2022. Reported Earnings • Feb 12
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: JP¥165 (up from JP¥66.37 in FY 2020). Revenue: JP¥48.5b (up 18% from FY 2020). Net income: JP¥2.60b (up 149% from FY 2020). Profit margin: 5.4% (up from 2.5% in FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Upcoming Dividend • Dec 22
Upcoming dividend of JP¥14.00 per share Eligible shareholders must have bought the stock before 29 December 2021. Payment date: 29 March 2022. Payout ratio is a comfortable 7.9% and this is well supported by cash flows. Trailing yield: 3.4%. Within top quartile of Japanese dividend payers (3.3%). Higher than average of industry peers (2.2%). Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS JP¥46.02 (vs JP¥25.24 in 3Q 2020) The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: JP¥11.8b (up 14% from 3Q 2020). Net income: JP¥725.0m (up 83% from 3Q 2020). Profit margin: 6.1% (up from 3.8% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Reported Earnings • Jul 30
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥12.6b (up 36% from 2Q 2020). Net income: JP¥549.0m (up JP¥478.0m from 2Q 2020). Profit margin: 4.4% (up from 0.8% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 3% per year. Valuation Update With 7 Day Price Move • Jul 30
Investor sentiment deteriorated over the past week After last week's 20% share price decline to JP¥1,117, the stock trades at a trailing P/E ratio of 8.9x. Average trailing P/E is 14x in the Chemicals industry in Japan. Total loss to shareholders of 5.5% over the past three years. Upcoming Dividend • Jun 22
Upcoming dividend of JP¥6.00 per share Eligible shareholders must have bought the stock before 29 June 2021. Payment date: 10 September 2021. Trailing yield: 1.0%. Lower than top quartile of Japanese dividend payers (3.0%). Lower than average of industry peers (2.0%). Valuation Update With 7 Day Price Move • May 05
Investor sentiment improved over the past week After last week's 17% share price gain to JP¥1,053, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 16x in the Chemicals industry in Japan. Total loss to shareholders of 9.9% over the past three years. Reported Earnings • May 01
First quarter 2021 earnings released: EPS JP¥525 (vs JP¥6.62 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: JP¥11.5b (up 9.7% from 1Q 2020). Net income: JP¥1.03b (up JP¥930.0m from 1Q 2020). Profit margin: 9.0% (up from 1.0% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 28% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Reported Earnings • Apr 04
Full year 2020 earnings released: EPS JP¥66.37 (vs JP¥57.29 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥41.2b (down 11% from FY 2019). Net income: JP¥1.04b (up 16% from FY 2019). Profit margin: 2.5% (up from 1.9% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Duyuru • Mar 04
Nicca Chemical Co.,Ltd. to Report Q1, 2021 Results on Apr 28, 2021 Nicca Chemical Co.,Ltd. announced that they will report Q1, 2021 results on Apr 28, 2021 Reported Earnings • Feb 14
Full year 2020 earnings released: EPS JP¥66.37 (vs JP¥57.29 in FY 2019) The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: JP¥41.2b (down 11% from FY 2019). Net income: JP¥1.04b (up 16% from FY 2019). Profit margin: 2.5% (up from 1.9% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 8% per year, which means it has not declined as severely as earnings. Is New 90 Day High Low • Jan 25
New 90-day low: JP¥858 The company is down 7.0% from its price of JP¥920 on 27 October 2020. The Japanese market is up 14% 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 • Jan 07
Nicca Chemical Co.,Ltd., Annual General Meeting, Mar 26, 2021 Nicca Chemical Co.,Ltd., Annual General Meeting, Mar 26, 2021. Is New 90 Day High Low • Dec 24
New 90-day low: JP¥906 The company is down 3.0% from its price of JP¥935 on 25 September 2020. The Japanese market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Chemicals industry, which is up 13% over the same period. Duyuru • Dec 05
Nicca Chemical Co.,Ltd. to Report Fiscal Year 2020 Results on Feb 12, 2021 Nicca Chemical Co.,Ltd. announced that they will report fiscal year 2020 results on Feb 12, 2021 Duyuru • Aug 30
Nicca Chemical Co.,Ltd. to Report Q3, 2020 Results on Oct 29, 2020 Nicca Chemical Co.,Ltd. announced that they will report Q3, 2020 results on Oct 29, 2020