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Japanese maker of metal surface-treatment chemicals (phosphate/anti-corrosion coatings) used mainly in auto manufacturing.
Japanese maker of metal surface-treatment chemicals (phosphate/anti-corrosion coatings) used mainly in auto manufacturing.
Sells treatment chemicals that go into the tanks of metal-finishing lines at car plants, and because the chemistry is tuned to each customer's line, it supplies repeat top-ups and technical service for years. Overseas subsidiaries are an important part of sales.
In one line: A metal-pretreatment chemicals specialist, akin to a niche Chemetall (BASF).
Moat: narrow (customer qualification, process know-how). Coating chemistry is qualified into automakers' paint-shop processes, creating switching costs.
Headquarters: Tokyo, Japan · Founded: 1928 · Employees: 4,283
Size Nihon Parkerizing (4095.T) is a Japan Materials company (Industrial Specialties) with a market value of $1.26B, the 637th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,683 on 6 Nov 2026.
Performance Over six months the shares gained 16.4%, against -10.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th highest of 21 in its peer set.
Growth Revenue grew 4.6% over the last twelve months (peer median +9.2%); the operating margin is 11.5% (peer median 10.8%).
Valuation It trades at 1.1× enterprise value to sales against a peer median of 1.8× (7th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -2% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.8 points below its cost of capital (6.8% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥140B | ¥138B | ¥132B | ¥125B | ¥119B |
| Revenue growth | — | +4% | +6% | +5% | — |
| Gross profit | ¥47.6B | ¥44.1B | ¥42.6B | ¥41.6B | ¥37.9B |
| EBITDA | ¥23.4B | ¥22.0B | ¥21.6B | ¥21.5B | ¥18.6B |
| Net income | ¥13.8B | ¥12.9B | ¥13.1B | ¥13.2B | ¥9.97B |
| Free cash flow | n/a | ¥13.6B | ¥883M | ¥15.4B | ¥7.00B |
| Capital expenditure | n/a | ¥12.1B | ¥13.4B | ¥7.42B | ¥9.61B |
| Total debt | ¥250M | ¥960M | ¥745M | ¥989M | ¥1.27B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Nihon Parkerizing 4095.T | $1.26B | +16% | +5% | 12% | 1.1× | -1.6% |
| Henkel AG & Co. KGaA HEN.DE | $35.4B | +25% | -3% | 15% | 1.6× | -1.9% |
| PPG Industries PPG | $27.0B | +12% | +6% | 13% | 2.0× | 7.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 4095.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.3% | -11.0% | 7th highest of 21 |
| 6-month return | +16.4% | -10.6% | 5th highest of 21 |
| Distance from 52-week high | -10.3% | -25.8% | 2nd highest of 21 |
| Revenue growth (TTM) | +4.6% | +9.2% | 7th lowest of 21 |
| Operating margin | 11.5% | 10.8% | 10th highest of 21 |
| EV / Sales | 1.1× | 1.8× | 7th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -1.6% | 5.0% | 5th least demanding of 16 |
| Growth delivered (Del g) | +6.7% | +10.4% | 7th lowest of 16 |
| Hurdle (Req g minus delivered) | -8.3 pp | -5.4 pp | 8th least demanding of 16 |
| ROIC minus cost of capital | -0.8 pp | +3.7 pp | 7th lowest of 21 |
| EV / EBITDA | 6.8× | 11.9× | 4th cheapest of 13 |
| Net debt / EBITDA | -2.5× | -1.0× | 5th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nihon Parkerizing 4095.T | Japan | $1.26B | +16% | +5% | 12% | 1.1× | -1.6% | +6.7% |
| artience 4634.T | Japan | $1.25B | +18% | +7% | 6% | 0.6× | -3.9% | +6.3% |
| Fujimi 5384.T | Japan | $1.28B | -18% | +13% | 21% | 2.6× | n/a | n/a |
| Sinosteel Engineering & Technology 000928.SZ | China | $1.22B | -13% | +4% | 5% | 0.3× | -15.6% | -1.3% |
| Solar Applied Materials Technology 1785.TWO | Taiwan | $1.30B | -55% | +54% | 10% | 1.1× | -0.2% | +8.1% |
| JSW Dulux JSWDULUX.NS | India | $1.31B | +3% | -5% | 11% | 3.3× | n/a | n/a |
| PCBL Chemical PCBL.NS | India | $1.16B | -8% | +6% | 8% | 1.8× | 27.6% | +25.1% |
| Xinjiang Xuefeng Sci-Tech (Group) 603227.SS | China | $1.14B | -17% | -8% | 12% | 1.7× | -7.6% | +22.0% |
| Supreme Petrochem SPLPETRO.NS | India | $1.38B | -6% | +21% | 11% | 1.9× | 10.1% | +11.1% |
| Yangling Metron New Material 300861.SZ | China | $1.39B | -31% | +23% | 16% | 3.0× | 9.6% | +12.5% |
| Luxin Venture Capital 600783.SS | China | $1.45B | -40% | +24% | -50% | 118.5× | 40.2% | -6.1% |
| Nitta 5186.T | Japan | $1.05B | +36% | +5% | 7% | 1.4× | 10.6% | +3.1% |
| Graphite India GRAPHITE.NS | India | $1.50B | 0% | +22% | 9% | 3.6× | n/a | n/a |
| Xinjiang Tianye 600075.SS | China | $1.04B | -41% | -10% | -3% | 1.1× | n/a | n/a |
| SK Kaken 4628.T | Japan | $1.04B | +2% | +9% | 13% | 0.5× | -19.4% | +5.2% |
| Chugoku Marine Paints,Ltd 4617.T | Japan | $1.04B | +4% | +10% | 13% | 1.0× | 0.0% | +11.1% |
| C. Uyemura & 4966.T | Japan | $1.54B | -34% | +16% | 23% | 1.9× | 5.0% | +10.4% |
| Suzhou Kingswood Education Technology 300192.SZ | China | $1.55B | +24% | -6% | 12% | 13.9× | 44.2% | -2.3% |
| Intco Recycling Resources 688087.SS | China | $1.01B | -25% | +29% | 12% | 2.3× | 0.5% | +15.8% |
| ZJMI Environmental Energy 603071.SS | China | $1.00B | -15% | -4% | 3% | 0.3× | n/a | n/a |
| ELANTAS Beck India ELANTAS.NS | India | $999M | +23% | +19% | 21% | 9.6× | 32.4% | +17.2% |