Employees: 567
Size JCU (4975.T) is a Japan Materials company (Chemicals: Major Diversified) with a market value of $759M, the 863rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,885 on 6 Nov 2026.
Performance Over six months the shares fell 26.3%, against -18.6% for the median peer and +1.8% for the Japan market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 2.2% over the last twelve months (peer median +8.1%); the operating margin is 40.1% (peer median 5.2%).
Valuation It trades at 13.6× forward earnings against a peer median of 25.1× (4th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 6% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 13.5 points above its cost of capital (11.3% WACC).
Next results Next results expected around 29 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥30.1B | ¥29.7B | ¥28.4B | ¥24.9B | ¥27.1B |
| Revenue growth | — | +5% | +14% | -8% | — |
| Gross profit | ¥20.1B | ¥19.9B | ¥18.0B | ¥14.7B | ¥16.0B |
| EBITDA | ¥13.5B | ¥13.2B | ¥11.4B | ¥8.83B | ¥9.97B |
| Net income | ¥9.12B | ¥9.07B | ¥7.50B | ¥5.53B | ¥6.01B |
| Free cash flow | n/a | ¥1.71B | ¥1.97B | ¥5.41B | ¥6.83B |
| Capital expenditure | n/a | ¥7.51B | ¥6.55B | ¥630M | ¥1.02B |
| Total debt | ¥32.0M | ¥351M | ¥458M | ¥789M | ¥1.11B |
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| Measure | 4975.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -23.3% | -14.1% | 5th lowest of 21 |
| 6-month return | -26.3% | -18.6% | 8th lowest of 21 |
| Distance from 52-week high | -39.6% | -40.0% | 11th highest of 21 |
| Revenue growth (TTM) | +2.2% | +8.1% | 6th lowest of 21 |
| Operating margin | 40.1% | 5.2% | highest of 21 |
| Forward P/E | 13.6× | 25.1× | 4th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 6.3% | 20.6% | 5th least demanding of 11 |
| Growth delivered (Del g) | +7.0% | +6.1% | 6th highest of 11 |
| Hurdle (Req g minus delivered) | -0.6 pp | +17.8 pp | 5th least demanding of 11 |
| ROIC minus cost of capital | +13.5 pp | -3.5 pp | 2nd highest of 21 |
| EV / EBITDA | 7.2× | 20.6× | 3rd cheapest of 6 |
| Net debt / EBITDA | -1.6× | -1.1× | 3rd least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| JCU 4975.T | Japan | $759M | -26% | +2% | 40% | 13.6× | 6.3% | +7.0% |
| Daxin Materials 5234.TW | Taiwan | $767M | -42% | +10% | 19% | 25.7× | 17.7% | +1.5% |
| Hubei Chaozhuo Aviation Technology 688237.SS | China | $776M | +6% | -1% | 1% | 41.5× | 45.3% | +26.0% |
| KH Neochem 4189.T | Japan | $732M | +20% | -11% | 12% | 12.3× | -5.7% | +8.3% |
| Xinyaqiang Silicon Chemistry 603155.SS | China | $788M | -6% | +6% | 10% | 37.0× | 31.1% | +3.9% |
| Liaoning Oxiranchem,Inc 300082.SZ | China | $716M | -39% | +4% | 0% | 35.1× | n/a | n/a |
| Jiangxi Hungpai New Material 605366.SS | China | $821M | -47% | +2% | -11% | 236.0× | n/a | n/a |
| Sanyo Chemical Industries 4471.T | Japan | $823M | +24% | 0% | 10% | 10.5× | -5.1% | -2.5% |
| Polyrocks Chemical 688669.SS | China | $831M | +40% | -8% | -6% | n/a | 35.9% | +15.2% |
| Jiansu Huachang Chemical 002274.SZ | China | $679M | -25% | +9% | -3% | 5.7× | 23.6% | +1.3% |
| Ningxia Zhongke Biotechnology 600165.SS | China | $679M | -19% | +8% | -73% | n/a | n/a | n/a |
| Shandong Sanyuan Biotechnology 301206.SZ | China | $676M | -18% | +15% | 4% | n/a | n/a | n/a |
| Raghav Productivity Enhancers RPEL.NS | India | $864M | +133% | +38% | 28% | n/a | n/a | n/a |
| Suzhou Highfine Biotech 301393.SZ | China | $865M | -8% | +36% | 17% | 32.3× | n/a | n/a |
| Guangzhou Sanfu Newmaterials Technology 688359.SS | China | $870M | -41% | +8% | -7% | n/a | n/a | n/a |
| Shandong Yanggu Huatai Chemical 300121.SZ | China | $648M | -20% | +11% | 8% | 16.1× | 3.2% | +12.1% |
| Shandong Jianbang New Material 603285.SS | China | $631M | -40% | +8% | 22% | n/a | n/a | n/a |
| Hunan Xiangtou Goldsky Titanium Industry Technology 688750.SS | China | $629M | -27% | +4% | 6% | n/a | 30.5% | -4.3% |
| Hunan Lead Power Technology 300530.SZ | China | $621M | +2% | +16% | -61% | n/a | n/a | n/a |
| Zhejiang Huangma Technology 603181.SS | China | $935M | -30% | +7% | 17% | 14.5× | n/a | n/a |
| Ningbo Bohui Chemical Technology 300839.SZ | China | $606M | -4% | +42% | 4% | 24.6× | 3.2% | +23.1% |