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Japanese maker of electroplating chemicals used to coat electronic components and connectors with metal finishes.
Japanese maker of electroplating chemicals used to coat electronic components and connectors with metal finishes.
Plating baths are used up and replenished as customers plate, so chemical sales recur with their production volume once Uyemura's process is chosen, while equipment sells less often. Its chemistry is specified for printed circuit boards and chip packages, where metal finishes must meet strict reliability standards.
In one line: A specialty plating-chemicals supplier, akin to a niche Atotech.
Moat: narrow (process know-how, customer qualification). Plating chemistry is qualified into customers' precision processes, creating switching costs.
Headquarters: Kyoto, Japan · Founded: 1938 · Employees: 1,528
Size C. Uyemura & (4966.T) is a Japan Materials company (Industrial Specialties) with a market value of $1.54B, the 566th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥15,580 on 6 Nov 2026.
Performance Over six months the shares fell 33.5%, against -13.4% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th lowest of 21 in its peer set.
Growth Revenue grew 16.4% over the last twelve months (peer median +10.4%); the operating margin is 23.1% (peer median 9.9%).
Valuation It trades at 14.0× forward earnings against a peer median of 21.1× (8th cheapest of 18).
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 +10%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 14.2 points above its cost of capital (11.3% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥97.7B | ¥91.8B | ¥83.8B | ¥80.3B | ¥85.7B |
| Revenue growth | — | +9% | +4% | -6% | — |
| Gross profit | ¥37.7B | ¥35.2B | ¥31.9B | ¥27.0B | ¥26.5B |
| EBITDA | ¥25.0B | ¥23.8B | ¥21.1B | ¥17.0B | ¥17.1B |
| Net income | ¥14.9B | ¥13.9B | ¥14.1B | ¥10.9B | ¥10.5B |
| Free cash flow | n/a | ¥11.0B | ¥17.0B | ¥10.1B | ¥7.37B |
| Capital expenditure | n/a | ¥2.85B | ¥2.20B | ¥2.32B | ¥6.09B |
| Total debt | ¥1.09B | ¥1.15B | ¥1.23B | ¥1.32B | ¥1.14B |
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 |
|---|---|---|---|---|---|---|
| C. Uyemura & 4966.T | $1.54B | -34% | +16% | 23% | 14.0× | 5.0% |
| JCU 4975.T | $759M | -26% | +2% | 40% | 13.6× | 6.3% |
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 | 4966.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -29.6% | -11.2% | 3rd lowest of 21 |
| 6-month return | -33.5% | -13.4% | 5th lowest of 21 |
| Distance from 52-week high | -45.2% | -34.5% | 8th lowest of 21 |
| Revenue growth (TTM) | +16.4% | +10.4% | 8th highest of 21 |
| Operating margin | 23.1% | 9.9% | highest of 21 |
| Forward P/E | 14.0× | 21.1× | 8th cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | 5.0% | 2.7% | 8th most demanding of 17 |
| Growth delivered (Del g) | +10.4% | +6.5% | 5th highest of 17 |
| Hurdle (Req g minus delivered) | -5.4 pp | -3.8 pp | 8th least demanding of 17 |
| ROIC minus cost of capital | +14.2 pp | +0.9 pp | 2nd highest of 21 |
| EV / EBITDA | 7.6× | 8.6× | 5th cheapest of 13 |
| Net debt / EBITDA | -2.1× | -0.8× | 4th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| C. Uyemura & 4966.T | Japan | $1.54B | -34% | +16% | 23% | 14.0× | 5.0% | +10.4% |
| Suzhou Kingswood Education Technology 300192.SZ | China | $1.55B | +24% | -6% | 12% | 59.3× | 44.2% | -2.3% |
| Graphite India GRAPHITE.NS | India | $1.50B | 0% | +22% | 9% | 21.8× | n/a | n/a |
| Luxin Venture Capital 600783.SS | China | $1.45B | -40% | +24% | -50% | n/a | 40.2% | -6.1% |
| Kunshan Dongwei Technology 688700.SS | China | $1.64B | -40% | +56% | 13% | 34.2× | 23.1% | +14.5% |
| Kansai Nerolac Paints KANSAINER.NS | India | $1.67B | -7% | +10% | 9% | 22.1× | 22.1% | +9.7% |
| Aica Kogyo 4206.T | Japan | $1.68B | +19% | +5% | 12% | 12.6× | -7.0% | +7.6% |
| Yangling Metron New Material 300861.SZ | China | $1.39B | -31% | +23% | 16% | 21.1× | 9.6% | +12.5% |
| Supreme Petrochem SPLPETRO.NS | India | $1.38B | -6% | +21% | 11% | 22.1× | 10.1% | +11.1% |
| Explosive 002096.SZ | China | $1.74B | -14% | -3% | 9% | 12.8× | -2.5% | +37.7% |
| Triumph Science & Technology 600552.SS | China | $1.76B | -20% | +12% | 5% | 65.5× | 21.3% | +3.1% |
| Zhejiang Runtu 002440.SZ | China | $1.77B | -1% | +23% | 17% | 8.5× | -5.5% | +2.0% |
| JSW Dulux JSWDULUX.NS | India | $1.31B | +3% | -5% | 11% | 30.9× | n/a | n/a |
| Solar Applied Materials Technology 1785.TWO | Taiwan | $1.30B | -55% | +54% | 10% | n/a | -0.2% | +8.1% |
| Fujimi 5384.T | Japan | $1.28B | -18% | +13% | 21% | 15.6× | n/a | n/a |
| Gansu Energy Chemical 000552.SZ | China | $1.86B | -19% | +11% | 3% | 33.4× | n/a | n/a |
| Lintec 7966.T | Japan | $1.87B | -14% | +3% | 8% | 12.2× | 1.5% | +6.2% |
| Nihon Parkerizing 4095.T | Japan | $1.26B | +16% | +5% | 12% | n/a | -1.6% | +6.7% |
| artience 4634.T | Japan | $1.25B | +18% | +7% | 6% | 9.3× | -3.9% | +6.3% |
| KCC 002380.KS | South Korea | $1.91B | -34% | 0% | 6% | 2.1× | 3.8% | +5.0% |
| Sinosteel Engineering & Technology 000928.SZ | China | $1.22B | -13% | +4% | 5% | 11.9× | -15.6% | -1.3% |