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Makes housing units, plastic piping and high-performance materials including electronic films.
Makes housing units, plastic piping and high-performance materials including electronic films.
Is a three-part group: factory-built homes sold to Japanese households, plastic pipes for water and sewage works, and films and materials for cars and electronics sold to manufacturers. The homes are made in factories and assembled on site. Sekisui House, a separate company, began as its housing division.
In one line: A mix of modular homebuilder and specialty plastics maker.
Moat: narrow (process know-how, brand). Prefab housing manufacturing expertise and specialty film IP differentiate from commodity peers.
Headquarters: Osaka, Japan · Founded: 1947 · Employees: 26,752
Size Sekisui Chemical (4204.T) is a Japan Materials company (Industrial Specialties) with a market value of $6.61B, the 193rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥2,580 on 6 Nov 2026.
Performance Over six months the shares gained 8.9%, against -11.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th highest of 20 in its peer set.
Growth Revenue grew 6.4% over the last twelve months (peer median +9.9%); the operating margin is 8.8% (peer median 12.4%).
Valuation It trades at 13.4× forward earnings against a peer median of 19.1× (cheapest of 20).
Capital Return on invested capital runs 2.9 points above its cost of capital (5.4% WACC).
Next results Next results expected around 1 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥1.38T | ¥1.31T | ¥1.30T | ¥1.26T | ¥1.24T |
| Revenue growth | — | +1% | +3% | +1% | — |
| Gross profit | ¥449B | ¥404B | ¥404B | ¥376B | ¥362B |
| EBITDA | ¥181B | ¥165B | ¥162B | ¥147B | ¥142B |
| Net income | ¥78.2B | ¥75.2B | ¥81.9B | ¥77.9B | ¥69.3B |
| Free cash flow | -¥63.0B | -¥22.5B | ¥61.1B | ¥60.6B | ¥26.9B |
| Capital expenditure | ¥138B | ¥114B | ¥70.3B | ¥60.5B | ¥56.4B |
| Total debt | ¥196B | ¥145B | ¥111B | ¥121B | ¥120B |
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 |
|---|---|---|---|---|---|---|
| Sekisui Chemical 4204.T | $6.61B | +9% | +6% | 9% | 13.4× | n/a |
| Daiwa House Industry 1925.T | $19.0B | -13% | +5% | 11% | 10.3× | n/a |
| Sekisui House 1928.T | $14.1B | +2% | -2% | 9% | 10.0× | -5.1% |
| Asahi Kasei 3407.T | $12.6B | -3% | +4% | 8% | 11.3× | 1.9% |
| Nitto Denko 6988.T | $13.2B | +10% | +7% | 18% | 15.1× | 2.3% |
| Toray Industries 3402.T | $11.1B | +6% | +6% | 6% | 16.6× | 5.5% |
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 | 4204.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.0% | -2.5% | 8th highest of 20 |
| 6-month return | +8.9% | -11.2% | 5th highest of 20 |
| Distance from 52-week high | -15.8% | -23.6% | 7th highest of 20 |
| Revenue growth (TTM) | +6.4% | +9.9% | 9th lowest of 21 |
| Operating margin | 8.8% | 12.4% | 8th lowest of 21 |
| Forward P/E | 13.4× | 19.1× | cheapest of 20 |
| ROIC minus cost of capital | +2.9 pp | +0.9 pp | 4th highest of 21 |
| EV / EBITDA | 6.4× | 12.6× | cheapest of 12 |
| Net debt / EBITDA | 0.5× | 1.5× | 3rd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sekisui Chemical 4204.T | Japan | $6.61B | +9% | +6% | 9% | 13.4× | n/a | n/a |
| Orica ORI.AX | Australia | $7.23B | +1% | +2% | 11% | 18.2× | 6.9% | +9.6% |
| Berger Paints India BERGEPAINT.NS | India | $5.90B | -2% | +5% | 12% | 41.5× | 38.5% | +11.8% |
| Fuchs FPE.DE | Germany | $5.87B | +21% | +12% | 13% | 13.8× | -4.4% | +8.4% |
| Srf SRF.NS | India | $7.67B | -11% | +20% | 19% | 30.3× | 25.2% | +13.5% |
| Axalta Coating Systems AXTA | United States | $7.80B | +25% | 0% | 14% | 14.0× | 8.3% | +6.5% |
| Taiwan Glass Industry 1802.TW | Taiwan | $5.08B | -21% | +12% | 12% | 16.7× | n/a | n/a |
| SICC 688234.SS | China | $4.98B | -24% | +20% | -5% | 202.4× | n/a | n/a |
| Sichuan EM Technology 601208.SS | China | $4.88B | -15% | +23% | 7% | 51.1× | 44.5% | +22.5% |
| Sunresin New Materials 300487.SZ | China | $4.77B | -2% | +17% | 36% | 31.2× | 19.0% | +24.7% |
| CSW Industrials CSW | United States | $4.43B | 0% | +30% | 18% | 20.8× | 13.5% | +20.9% |
| FSPG Hi-Tech 000973.SZ | China | $4.07B | -47% | +205% | 17% | 16.5× | n/a | n/a |
| Beijing Oriental Yuhong Waterproof Technology 002271.SZ | China | $3.92B | -27% | +10% | 1% | 18.8× | 10.6% | +5.0% |
| AZZ AZZ | United States | $3.76B | -15% | +10% | 17% | 16.9× | 9.8% | +14.5% |
| Akzo Nobel AKZA.AS | Netherlands | $12.1B | +26% | -5% | 6% | 16.1× | 10.7% | +3.6% |
| Shanghai Sinyang Semiconductor Materials 300236.SZ | China | $3.58B | -20% | +33% | 15% | 54.8× | n/a | n/a |
| China Hainan Rubber Industry 601118.SS | China | $3.36B | -27% | -37% | -3% | 104.6× | 2.9% | +22.2% |
| Crown New Materials Techn Co L 001381.SZ | China | $3.33B | n/a | +8% | 10% | n/a | n/a | n/a |
| RPM International RPM | United States | $13.2B | +2% | +6% | 13% | 16.9× | 7.5% | +5.2% |
| Kansai Paint 4613.T | Japan | $3.23B | +29% | +3% | 8% | 19.1× | 2.3% | +10.1% |
| SKSHU Paint 603737.SS | China | $3.14B | -33% | 0% | 4% | 29.5× | 27.7% | +8.9% |