Employees: 1,097
Size Soken Chemical & Engineering (4972.T) is a Japan Materials company (Chemicals: Major Diversified) with a market value of $451M, the 1132nd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,290 on 6 Nov 2026.
Performance Over six months the shares gained 27.3%, against -18.3% for the median peer and +1.8% for the Japan market (cap-weighted) — highest of 20 in its peer set.
Growth Revenue grew 3.6% over the last twelve months (peer median +7.3%); the operating margin is 13.2% (peer median 8.6%).
Valuation It trades at 16.9× forward earnings against a peer median of 25.5× (3rd cheapest of 8).
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 +9%, so the hurdle is -11 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 8.1 points above its cost of capital (7.0% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥49.1B | ¥48.0B | ¥47.6B | ¥41.3B | ¥38.1B |
| Revenue growth | — | +1% | +15% | +8% | — |
| Gross profit | ¥16.6B | ¥16.1B | ¥15.8B | ¥12.5B | ¥10.2B |
| EBITDA | ¥8.97B | ¥8.66B | ¥8.75B | ¥6.07B | ¥3.92B |
| Net income | ¥4.47B | ¥4.05B | ¥4.38B | ¥2.63B | ¥1.44B |
| Free cash flow | n/a | ¥2.86B | ¥4.43B | ¥4.13B | -¥1.48B |
| Capital expenditure | n/a | ¥2.94B | ¥1.90B | ¥2.43B | ¥3.64B |
| Total debt | ¥5.00B | ¥4.53B | ¥4.14B | ¥4.27B | ¥4.53B |
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| Measure | 4972.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -3.5% | -11.4% | 5th highest of 21 |
| 6-month return | +27.3% | -18.3% | highest of 20 |
| Distance from 52-week high | -7.1% | -37.6% | highest of 21 |
| Revenue growth (TTM) | +3.6% | +7.3% | 5th lowest of 21 |
| Operating margin | 13.2% | 8.6% | 4th highest of 21 |
| Forward P/E | 16.9× | 25.5× | 3rd cheapest of 8 |
| Growth the price implies (Req g, 7 yrs) | -2.3% | 9.0% | 5th least demanding of 13 |
| Growth delivered (Del g) | +8.8% | +7.9% | 6th highest of 13 |
| Hurdle (Req g minus delivered) | -11.0 pp | -2.2 pp | 4th least demanding of 13 |
| ROIC minus cost of capital | +8.1 pp | +0.2 pp | 3rd highest of 21 |
| EV / EBITDA | 6.5× | 13.2× | 6th cheapest of 13 |
| Net debt / EBITDA | -1.4× | 0.4× | 5th least indebted of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Soken Chemical & Engineering 4972.T | Japan | $451M | +27% | +4% | 13% | 16.9× | -2.3% | +8.8% |
| Zhejiang Weihua New Material 603310.SS | China | $442M | -19% | +26% | 2% | n/a | n/a | n/a |
| MiwonComcl 002840.KS | South Korea | $441M | -9% | +7% | 11% | n/a | -4.3% | +8.4% |
| China Sunsine Chemical QES.SI | Singapore | $441M | -10% | +4% | 14% | 11.5× | n/a | n/a |
| Miwon Sc 268280.KS | South Korea | $468M | +8% | +7% | 15% | n/a | -15.8% | +7.4% |
| Foseco India FOSECOIND.NS | India | $475M | +20% | +32% | 18% | n/a | 29.0% | +20.7% |
| Shanghai Chemspec 688602.SS | China | $476M | -23% | -10% | -28% | n/a | n/a | n/a |
| Prasol Chemicals PRASOLCHEM.NS | India | $484M | n/a | +22% | 10% | n/a | 24.3% | +15.8% |
| Yingkou Fengguang Advanced Material 301100.SZ | China | $486M | -14% | -15% | -4% | n/a | n/a | n/a |
| Anhui Huaertai Chemical 001217.SZ | China | $489M | -18% | +13% | -3% | n/a | n/a | n/a |
| China Sanjiang Fine Chemicals 2198.HK | Hong Kong | $492M | -37% | +1% | 7% | n/a | n/a | n/a |
| China Steel Chemical 1723.TW | Taiwan | $496M | -9% | +8% | 12% | 19.3× | 4.1% | +1.6% |
| Jiangsu Hanbon Science & Technology 688755.SS | China | $409M | -23% | +7% | 10% | n/a | 12.8% | +15.1% |
| Shandong Rike Chemical 300214.SZ | China | $514M | -5% | -6% | 2% | 254.7× | 8.3% | +10.5% |
| Jiangxi Selon Industrial 002748.SZ | China | $382M | -17% | +10% | 7% | n/a | -4.4% | +5.0% |
| Shandong Newleaf Chemical 002476.SZ | China | $382M | -29% | +15% | 4% | n/a | 29.0% | +6.3% |
| Jiangsu Kuangshun Photosensitivity New Material Stock 300537.SZ | China | $536M | -24% | +4% | 4% | 122.9× | 58.4% | -8.5% |
| ENF Technology 102710.KS | South Korea | $376M | -38% | +14% | 12% | 8.0× | -8.0% | +6.6% |
| Archean Chemical Industries ACI.NS | India | $544M | -33% | +6% | 12% | 25.5× | n/a | n/a |
| Nanjing Well Pharmaceutical 603351.SS | China | $548M | -1% | +9% | 13% | n/a | 9.7% | +12.7% |
| Ingentec 4768.TWO | Taiwan | $370M | -52% | +98% | 0% | 132.2× | n/a | n/a |