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Japanese chemicals and pharmaceuticals maker producing functional dyes/resins, agrochemicals and oncology drugs.
Japanese chemicals and pharmaceuticals maker producing functional dyes/resins, agrochemicals and oncology drugs.
Runs several unrelated businesses under one roof. Beyond dyes, resins and drugs, it makes small gas generators for car seatbelt pretensioners (devices that tighten the belt in a crash), sold to safety-system makers, so auto production matters too. Oncology drugs are sold to hospitals in Japan.
In one line: A diversified Japanese chemicals/pharma hybrid.
Moat: narrow (IP / patents, process know-how). Niche functional-chemical and specialty-pharma IP, though sub-scale versus focused rivals in each business.
Headquarters: Tokyo, Japan · Founded: 1916 · Employees: 5,946
Size Nippon Kayaku (4272.T) is a Japan Materials company (Chemicals: Major Diversified) with a market value of $1.66B, the 539th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥1,786 on 6 Nov 2026.
Performance Over six months the shares gained 3.4%, against -18.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 4th highest of 19 in its peer set.
Growth Revenue grew 13.8% over the last twelve months (peer median +5.7%); the operating margin is 9.8% (peer median 8.7%).
Valuation It trades at 10.1× forward earnings against a peer median of 27.3× (cheapest of 17).
Price implies For today's price to make sense, revenue must grow about -5% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -12 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 2.3 points above its cost of capital (6.3% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥254B | ¥242B | ¥223B | ¥202B | ¥198B |
| Revenue growth | — | +9% | +10% | +2% | — |
| Gross profit | ¥89.4B | ¥71.6B | ¥70.6B | ¥60.3B | ¥65.9B |
| EBITDA | n/a | ¥38.2B | ¥34.5B | ¥21.7B | ¥35.7B |
| Net income | ¥26.4B | ¥24.6B | ¥17.5B | ¥4.11B | ¥15.0B |
| Free cash flow | n/a | ¥4.29B | -¥3.73B | ¥8.21B | ¥7.82B |
| Capital expenditure | n/a | ¥30.0B | ¥31.6B | ¥15.8B | ¥13.0B |
| Total debt | ¥68.2B | ¥49.9B | ¥49.5B | ¥31.7B | ¥19.8B |
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 |
|---|---|---|---|---|---|---|
| Nippon Kayaku 4272.T | $1.66B | +3% | +14% | 10% | 10.1× | -4.8% |
| Sumitomo Chemical 4005.T | $4.93B | -7% | -2% | 5% | 6.9× | 1.1% |
| Nissan Chemical 4021.T | $5.72B | 0% | +10% | 23% | 15.9× | 9.3% |
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 | 4272.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.4% | -12.0% | 7th lowest of 21 |
| 6-month return | +3.4% | -18.4% | 4th highest of 19 |
| Distance from 52-week high | -18.5% | -35.6% | 3rd highest of 21 |
| Revenue growth (TTM) | +13.8% | +5.7% | 7th highest of 21 |
| Operating margin | 9.8% | 8.7% | 10th highest of 21 |
| Forward P/E | 10.1× | 27.3× | cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | -4.8% | 18.7% | least demanding of 11 |
| Growth delivered (Del g) | +6.9% | +6.3% | 6th highest of 11 |
| Hurdle (Req g minus delivered) | -11.7 pp | +11.8 pp | least demanding of 11 |
| ROIC minus cost of capital | +2.3 pp | -2.1 pp | 8th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Nippon Kayaku 4272.T | Japan | $1.66B | +3% | +14% | 10% | 10.1× | -4.8% | +6.9% |
| Metis TechBio 7666.HK | Hong Kong | $1.66B | n/a | +6,987% | -367% | n/a | n/a | n/a |
| Valiant 002643.SZ | China | $1.66B | -28% | +3% | 10% | 25.6× | 17.4% | +4.9% |
| Huntsman HUN | United States | $1.66B | -37% | +6% | 0% | 353.8× | n/a | n/a |
| Fine Organic Industries FINEORG.NS | India | $1.64B | +9% | +13% | 20% | 33.4× | 26.7% | +15.7% |
| Borregaard BRG.OL | Norway | $1.68B | +7% | +3% | 17% | 24.4× | -1.0% | +7.7% |
| AARTI Industries AARTIIND.NS | India | $1.71B | -9% | +40% | 9% | 29.1× | n/a | n/a |
| Advanced Echem Materials 4749.TWO | Taiwan | $1.72B | -39% | +19% | 25% | 33.1× | n/a | n/a |
| Alzchem ACT0.DE | Germany | $1.56B | n/a | +5% | 16% | 20.9× | -1.1% | +8.2% |
| Innospec IOSP | United States | $1.93B | -3% | +5% | 8% | 13.4× | 4.4% | +8.3% |
| Jilin Chemical Fibre Stock 000420.SZ | China | $1.42B | -25% | +11% | 5% | 154.0× | n/a | n/a |
| Privi Speciality Chemicals PRIVISCL.NS | India | $1.40B | -4% | +18% | 20% | 30.4× | 30.1% | +15.0% |
| Rianlon 300596.SZ | China | $1.39B | -7% | +11% | 11% | 14.7× | n/a | n/a |
| Jiangsu Shuangxing Color Plastic New Materials 002585.SZ | China | $1.38B | +5% | -4% | -4% | 62.8× | 22.5% | +0.2% |
| Shanghai Emperor of Cleaning Hi-Tech 603200.SS | China | $1.37B | -16% | +4% | -8% | n/a | n/a | n/a |
| Qingdao Huicheng Environmental Technology 300779.SZ | China | $2.02B | -9% | -13% | 5% | 129.3× | n/a | n/a |
| Isuspecialtychemical 457190.KS | South Korea | $1.36B | -49% | +14% | 3% | n/a | n/a | n/a |
| China Resources Chemical Innovative Materials 301090.SZ | China | $1.35B | -33% | +4% | 1% | 19.2× | 21.4% | +1.1% |
| Zhejiang Yongtai Technology 002326.SZ | China | $2.04B | -40% | +38% | 11% | n/a | n/a | n/a |
| Eternal Materials 1717.TW | Taiwan | $2.06B | -27% | -2% | 5% | 17.2× | 19.9% | +1.2% |
| Ingevity NGVT | United States | $2.07B | -21% | -12% | 25% | 10.4× | -0.9% | -0.8% |