Market Closed -
Japan Exchange
07:00:00 10/05/2024 BST
|
5-day change
|
1st Jan Change
|
2,870
JPY
|
+1.18%
|
|
+3.95%
|
+27.24%
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
337,338
|
244,585
|
564,549
|
432,944
|
401,589
|
574,660
|
-
|
-
|
Enterprise Value (EV)
1 |
341,572
|
237,556
|
560,970
|
438,537
|
440,061
|
518,596
|
619,942
|
631,191
|
P/E ratio
|
6.13
x
|
11.7
x
|
15.7
x
|
8.96
x
|
8.21
x
|
13.6
x
|
13.5
x
|
11.3
x
|
Yield
|
4.43%
|
5.95%
|
2.58%
|
3.84%
|
4.08%
|
3.09%
|
2.87%
|
3.07%
|
Capitalization / Revenue
|
0.52
x
|
0.4
x
|
0.95
x
|
0.61
x
|
0.51
x
|
0.64
x
|
0.73
x
|
0.71
x
|
EV / Revenue
|
0.53
x
|
0.39
x
|
0.94
x
|
0.62
x
|
0.56
x
|
0.64
x
|
0.79
x
|
0.78
x
|
EV / EBITDA
|
4.94
x
|
3.72
x
|
7.46
x
|
5
x
|
5.3
x
|
6.11
x
|
6.85
x
|
6.2
x
|
EV / FCF
|
13.8
x
|
7.46
x
|
36.9
x
|
-103
x
|
-58.7
x
|
322
x
|
131
x
|
60.1
x
|
FCF Yield
|
7.25%
|
13.4%
|
2.71%
|
-0.97%
|
-1.7%
|
0.31%
|
0.77%
|
1.66%
|
Price to Book
|
0.67
x
|
0.5
x
|
1.08
x
|
0.76
x
|
0.66
x
|
0.79
x
|
0.86
x
|
0.82
x
|
Nbr of stocks (in thousands)
|
213,640
|
207,981
|
208,014
|
208,046
|
204,579
|
200,230
|
-
|
-
|
Reference price
2 |
1,579
|
1,176
|
2,714
|
2,081
|
1,963
|
2,870
|
2,870
|
2,870
|
Announcement Date
|
13/05/19
|
12/05/20
|
11/05/21
|
12/05/22
|
12/05/23
|
10/05/24
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
648,986
|
613,344
|
595,718
|
705,656
|
781,211
|
813,417
|
783,175
|
807,629
|
EBITDA
1 |
69,097
|
63,851
|
75,196
|
87,755
|
83,000
|
84,900
|
90,548
|
101,744
|
EBIT
1 |
41,386
|
34,260
|
44,510
|
55,360
|
49,030
|
47,337
|
49,450
|
57,843
|
Operating Margin
|
6.38%
|
5.59%
|
7.47%
|
7.85%
|
6.28%
|
5.82%
|
6.31%
|
7.16%
|
Earnings before Tax (EBT)
1 |
69,066
|
34,343
|
48,951
|
69,628
|
70,239
|
60,887
|
63,850
|
72,275
|
Net income
1 |
55,000
|
21,158
|
36,070
|
48,295
|
49,085
|
38,818
|
42,488
|
50,829
|
Net margin
|
8.47%
|
3.45%
|
6.05%
|
6.84%
|
6.28%
|
4.77%
|
5.43%
|
6.29%
|
EPS
2 |
257.5
|
100.5
|
173.4
|
232.2
|
239.1
|
191.0
|
212.0
|
254.7
|
Free Cash Flow
1 |
24,763
|
31,845
|
15,182
|
-4,257
|
-7,499
|
2,000
|
4,750
|
10,500
|
FCF margin
|
3.82%
|
5.19%
|
2.55%
|
-0.6%
|
-0.96%
|
0.25%
|
0.61%
|
1.3%
|
FCF Conversion (EBITDA)
|
35.84%
|
49.87%
|
20.19%
|
-
|
-
|
2.39%
|
5.25%
|
10.32%
|
FCF Conversion (Net income)
|
45.02%
|
150.51%
|
42.09%
|
-
|
-
|
4.17%
|
11.18%
|
20.66%
|
Dividend per Share
2 |
70.00
|
70.00
|
70.00
|
80.00
|
80.00
|
80.00
|
82.25
|
88.00
|
Announcement Date
|
13/05/19
|
12/05/20
|
11/05/21
|
12/05/22
|
12/05/23
|
10/05/24
|
-
|
-
|
Fiscal Period: March |
2020 S1
|
2020 S2
|
2021 S1
|
2021 S2
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2022 S2
|
2023 Q1
|
2023 Q2
|
2023 S1
|
2023 Q3
|
2023 Q4
|
2023 S2
|
2024 Q1
|
2024 Q2
|
2024 S1
|
2024 Q3
|
2024 Q4
|
2024 S2
|
2025 Q1
|
2025 Q2
|
2025 Q3
|
2025 Q4
|
---|
Net sales
1 |
303,369
|
309,975
|
266,637
|
329,081
|
175,845
|
335,881
|
189,416
|
180,359
|
369,775
|
193,982
|
200,918
|
394,900
|
204,400
|
181,911
|
386,311
|
187,000
|
212,600
|
399,600
|
222,100
|
191,717
|
413,817
|
184,300
|
204,167
|
207,333
|
195,467
|
EBITDA
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
EBIT
1 |
16,034
|
18,226
|
14,370
|
30,140
|
15,422
|
30,038
|
14,850
|
10,472
|
25,322
|
18,844
|
14,656
|
33,500
|
11,900
|
3,630
|
15,530
|
6,200
|
15,800
|
22,100
|
16,500
|
8,737
|
25,237
|
12,300
|
15,967
|
15,233
|
9,000
|
Operating Margin
|
5.29%
|
5.88%
|
5.39%
|
9.16%
|
8.77%
|
8.94%
|
7.84%
|
5.81%
|
6.85%
|
9.71%
|
7.29%
|
8.48%
|
5.82%
|
2%
|
4.02%
|
3.32%
|
7.43%
|
5.53%
|
7.43%
|
4.56%
|
6.1%
|
6.67%
|
7.82%
|
7.35%
|
4.6%
|
Earnings before Tax (EBT)
|
14,411
|
19,932
|
17,770
|
31,181
|
18,095
|
38,434
|
17,611
|
13,583
|
31,194
|
24,756
|
24,844
|
49,600
|
13,990
|
6,649
|
20,639
|
24,448
|
18,246
|
42,694
|
16,062
|
2,131
|
18,193
|
13,500
|
19,500
|
18,000
|
12,000
|
Net income
1 |
8,147
|
13,011
|
14,255
|
21,815
|
13,836
|
28,188
|
11,162
|
8,945
|
20,107
|
16,113
|
18,087
|
34,200
|
10,300
|
4,585
|
14,885
|
19,800
|
11,400
|
31,200
|
8,800
|
-1,182
|
7,618
|
11,400
|
13,900
|
12,500
|
8,550
|
Net margin
|
2.69%
|
4.2%
|
5.35%
|
6.63%
|
7.87%
|
8.39%
|
5.89%
|
4.96%
|
5.44%
|
8.31%
|
9%
|
8.66%
|
5.04%
|
2.52%
|
3.85%
|
10.59%
|
5.36%
|
7.81%
|
3.96%
|
-0.62%
|
1.84%
|
6.19%
|
6.81%
|
6.03%
|
4.37%
|
EPS
2 |
38.45
|
-
|
68.54
|
-
|
66.50
|
135.5
|
53.66
|
42.99
|
-
|
77.73
|
88.60
|
166.3
|
50.26
|
22.49
|
-
|
97.00
|
55.67
|
152.7
|
43.51
|
-5.210
|
-
|
64.94
|
-
|
62.44
|
-
|
Dividend per Share
2 |
35.00
|
-
|
35.00
|
-
|
-
|
45.00
|
-
|
-
|
-
|
-
|
-
|
40.00
|
-
|
-
|
-
|
-
|
-
|
40.00
|
-
|
42.00
|
-
|
-
|
44.00
|
-
|
44.00
|
Announcement Date
|
05/11/19
|
12/05/20
|
02/11/20
|
11/05/21
|
05/11/21
|
05/11/21
|
08/02/22
|
12/05/22
|
12/05/22
|
05/08/22
|
08/11/22
|
08/11/22
|
09/02/23
|
12/05/23
|
12/05/23
|
07/08/23
|
08/11/23
|
08/11/23
|
09/02/24
|
10/05/24
|
10/05/24
|
-
|
-
|
-
|
-
|
Fiscal Period: March |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
4,234
|
-
|
-
|
5,593
|
38,472
|
69,644
|
45,282
|
56,531
|
Net Cash position
1 |
-
|
7,029
|
3,579
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
0.0613
x
|
-
|
-
|
0.0637
x
|
0.4635
x
|
0.8316
x
|
0.5001
x
|
0.5556
x
|
Free Cash Flow
1 |
24,763
|
31,845
|
15,182
|
-4,257
|
-7,499
|
2,000
|
4,750
|
10,500
|
ROE (net income / shareholders' equity)
|
11.3%
|
4.3%
|
7.1%
|
8.8%
|
8.3%
|
6.1%
|
6.89%
|
7.24%
|
ROA (Net income/ Total Assets)
|
8.67%
|
3.95%
|
6.25%
|
8.4%
|
7.13%
|
4.39%
|
6.24%
|
6.36%
|
Assets
1 |
634,467
|
535,741
|
577,270
|
574,775
|
688,800
|
884,166
|
680,889
|
799,191
|
Book Value Per Share
2 |
2,354
|
2,368
|
2,520
|
2,734
|
2,970
|
3,285
|
3,336
|
3,497
|
Cash Flow per Share
2 |
386.0
|
241.0
|
321.0
|
386.0
|
403.0
|
370.0
|
377.0
|
-
|
Capex
1 |
39,279
|
42,389
|
40,282
|
54,793
|
64,650
|
81,800
|
74,625
|
74,125
|
Capex / Sales
|
6.05%
|
6.91%
|
6.76%
|
7.76%
|
8.28%
|
10.09%
|
9.53%
|
9.18%
|
Announcement Date
|
13/05/19
|
12/05/20
|
11/05/21
|
12/05/22
|
12/05/23
|
10/05/24
|
-
|
-
|
Last Close Price
2,870
JPY Average target price
2,811
JPY Spread / Average Target -2.05% Consensus |
1st Jan change
|
Capi.
|
---|
| +27.24% | 3.69B | | +5.97% | 105B | | -4.19% | 63.99B | | +51.90% | 42.95B | | +17.44% | 39.2B | | +6.62% | 33.01B | | +13.00% | 20.33B | | +15.64% | 17.29B | | +22.55% | 15.72B | | +7.34% | 14.72B |
Other Commodity Chemicals
|