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Japanese chemicals maker specializing in iodine and iodine-derivative compounds; further specifics not confirmed.
Japanese chemicals maker specializing in iodine and iodine-derivative compounds; further specifics not confirmed.
Moat: narrow (process know-how). Niche iodine-chemical production know-how; Japan is a major global iodine-producing region.
Headquarters: Tokyo, Japan · Employees: 327
Size ISE Chemicals (4107.T) is a Japan Materials company (Chemicals: Specialty) with a market value of $1.20B, the 662nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥3,675 on 6 Nov 2026.
Performance Over six months the shares fell 29.6%, against -21.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 0.1% over the last twelve months (peer median +4.8%); the operating margin is 21.6% (peer median 12.0%).
Valuation It trades at 36.0× forward earnings against a peer median of 14.3× (5th most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 19% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is +0 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 9.0 points above its cost of capital (10.2% WACC).
Next results Next results expected around 4 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥38.7B | ¥39.3B | ¥33.3B | ¥26.4B | ¥25.6B |
| Revenue growth | — | +18% | +26% | +3% | — |
| Gross profit | ¥11.8B | ¥12.4B | ¥10.1B | ¥7.35B | ¥5.64B |
| EBITDA | ¥10.8B | ¥11.5B | ¥9.63B | ¥7.27B | ¥5.57B |
| Net income | ¥5.67B | ¥6.50B | ¥5.07B | ¥3.67B | ¥2.56B |
| Free cash flow | n/a | ¥5.09B | ¥689M | ¥2.49B | ¥75.0M |
| Capital expenditure | n/a | ¥2.68B | ¥2.79B | ¥1.91B | ¥2.10B |
| Total debt | ¥620M | ¥567M | ¥560M | ¥656M | ¥636M |
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 | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| ISE Chemicals 4107.T | $1.20B | -30% | 0% | 22% | 36.0× | 18.6% |
| KH Neochem 4189.T | $732M | +20% | -11% | 12% | 12.3× | -5.7% |
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 | 4107.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.8% | -8.8% | 9th lowest of 21 |
| 6-month return | -29.6% | -21.8% | 4th lowest of 21 |
| Distance from 52-week high | -56.5% | -45.6% | 6th lowest of 21 |
| Revenue growth (TTM) | -0.1% | +4.8% | 6th lowest of 21 |
| Operating margin | 21.6% | 12.0% | highest of 21 |
| Forward P/E | 36.0× | 14.3× | 5th most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 18.6% | 24.0% | 7th least demanding of 14 |
| Growth delivered (Del g) | +18.4% | +9.1% | 3rd highest of 14 |
| Hurdle (Req g minus delivered) | +0.2 pp | +5.8 pp | 7th least demanding of 14 |
| ROIC minus cost of capital | +9.0 pp | -0.9 pp | 3rd highest of 21 |
| EV / EBITDA | 16.4× | 7.7× | 2nd most expensive of 7 |
| Net debt / EBITDA | -1.1× | -0.0× | 2nd least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ISE Chemicals 4107.T | Japan | $1.20B | -30% | 0% | 22% | 36.0× | 18.6% | +18.4% |
| Toagosei 4045.T | Japan | $1.19B | +3% | +2% | 9% | 14.4× | n/a | n/a |
| Chemtrade Logistics Income Fund CHE-UN.TO | Canada | $1.19B | -17% | +12% | 12% | 9.5× | -0.8% | +7.7% |
| Tongyu Advanced Materials (Guangdong) 301630.SZ | China | $1.21B | -19% | +26% | 18% | n/a | 35.9% | +26.0% |
| Yunnan Energy Investment 002053.SZ | China | $1.21B | -24% | -24% | 20% | 11.6× | n/a | n/a |
| Hunan Kaimeite Gases 002549.SZ | China | $1.18B | -43% | -7% | -5% | 38.9× | n/a | n/a |
| Shanghai Skychem Technology 688603.SS | China | $1.22B | -29% | +38% | 19% | 44.6× | n/a | n/a |
| Zhejiang Jiahua Energy Chemical Industry 600273.SS | China | $1.23B | -22% | +4% | 5% | 7.8× | -6.3% | +12.9% |
| Jinhong Gas 688106.SS | China | $1.17B | -42% | +15% | 2% | 67.0× | n/a | n/a |
| Hebei Jinniu Chemical Industry 600722.SS | China | $1.16B | -16% | -1% | 18% | n/a | 28.1% | +3.0% |
| Nan Pao Resins Chemical 4766.TW | Taiwan | $1.24B | -6% | +3% | 16% | 13.3× | -8.7% | +8.3% |
| Shandong Boyuan Advanced Materials 301617.SZ | China | $1.15B | -4% | +11% | 12% | n/a | 44.7% | +22.5% |
| Shanghai Chlor-Alkali Chemical 600618.SS | China | $1.24B | -29% | +2% | 6% | n/a | -0.4% | +9.9% |
| Shin-Etsu Polymer 7970.T | Japan | $1.15B | +5% | +10% | 13% | 13.2× | -2.9% | +8.4% |
| Ecovyst ECVT | United States | $1.15B | -26% | +20% | 12% | 14.1× | 8.0% | +7.8% |
| Anhui Shenjian New Materials 002361.SZ | China | $1.25B | -54% | -4% | -3% | n/a | n/a | n/a |
| Guizhou Redstar Developing 600367.SS | China | $1.25B | +14% | +1% | 7% | n/a | 26.8% | +9.1% |
| Vinati Organics VINATIORGA.NS | India | $1.14B | -26% | +11% | 20% | 23.8× | 24.0% | +18.2% |
| Anhui Hwasu 600935.SS | China | $1.13B | -22% | -10% | -8% | n/a | 28.1% | -1.0% |
| Jiangsu Sopo Chemical 600746.SS | China | $1.12B | -23% | +6% | 5% | n/a | n/a | n/a |
| Shandong Kaisheng New Materials 301069.SZ | China | $1.28B | -19% | +20% | 13% | 47.0× | 29.2% | +10.4% |