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    Chemicals
KH Neochem Co., Ltd.

KH Neochem Co., Ltd.

4189.T
KH Neochem Co., Ltd.JP flagTokyo Stock Exchange
2,930.00
JPY
+25.00
- -
102.58BMarket Cap
KH Neochem Co., Ltd.
4189.T
(Tokyo Stock Exchange)

Recent

price

2,930.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
3,039.72
2,313.77
2,574.55
2,745.27
2,547.91
2,085.63
3,155.92
3,098.42
3,109.63
3,234.76
3,219.25
3,059.88
Revenue per Share
226.54
173.56
222.12
182.76
187.07
109.12
368.95
217.74
184.23
225.81
218.14
190.55
Basic EPS, GAAP
77.05
-12.53
291.61
98.91
204.71
-113.3
350.27
-144.64
214.4
-44.35
251.2
- -
Free Cash Flow per Basic Share
352.51
57.73
74.66
56.02
56.96
60.14
60.07
87.66
87.72
90.27
99.01
- -
Dividend per Share
394.75
553.69
675.7
801.51
929.79
977.23
1,285.33
1,416.46
1,513.94
1,650.65
1,828.35
1,558.83
Book Value per Share
549.23
755.12
889.41
991.51
1,130.09
1,185.86
1,500.43
1,629.64
1,753.12
1,906.18
1,999.13
1,811.99
Tangible Book Value per Share
34
35
37
37
37
37
37
37
37
37
36
37
Basic Weighted Avg Shares
103,478
80,163
94,661
101,199
94,209
77,332
117,110
114,880
115,217
119,758
115,098
113,324
Sales/Revenue/Turnover
6.05
11.21
12.15
10.73
10.15
7.3
16.81
10.84
8.63
10.18
9.77
9.06
Operating Margin (%)
4,012
3,495
3,382
3,254
3,330
3,871
4,503
4,293
4,651
4,973
6,333
- -
Depreciation Expense
7,712
6,013
8,167
6,737
6,917
4,046
13,691
8,073
6,826
8,360
7,799
7,057
Net Income, GAAP
27.63
30.34
30.65
29.41
28.8
26.32
29.94
29.07
28.74
28.92
26.3
27.75
Effective Tax Rate (%)
7.45
7.5
8.63
6.66
7.34
5.23
11.69
7.03
5.92
6.98
6.78
6.23
Profit Margin (%)
14,939
19,327
8,203
9,742
11,619
8,732
17,015
17,481
14,912
22,717
22,022
13,920
Working Capital
30,250
27,350
10,450
8,050
10,650
8,509
6,606
6,544
1,447
6,334
6,222
1,393
LT Debt
20,782
28,111
34,509
38,304
43,522
45,883
57,503
62,064
66,491
71,917
72,628
68,560
Total Equity
- -
10.52
12.92
12.38
10.42
6.07
18.16
10.42
8.31
9.74
8.91
8.49
Return on Invested Capital (%)
- -
11.35
15.17
12.55
12.07
6.65
20.8
10.74
8.86
10.51
9.18
8.96
Return on Capital (%)
- -
36.87
37.1
24.77
21.64
11.46
32.62
16.11
12.57
14.27
12.33
12.63
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
ST Debt
14,938
18,060
14,914
LT Borrowings
- -
- -
- -
LT Finance Leases
1,447
1,421
1,393
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
37
37
37
Market Capitalization
84,097
87,107
84,737

Working Capital

FRC

•

in mil. unless spec.
Dec'23
Mar'24
Jun'24
Total Current Assets
66,244
62,106
63,848
Cash, Cash Equivalents & STI
9,684
5,694
8,578
Accounts Receivable, Net
32,699
31,417
31,646
Inventories
20,088
21,225
20,333
Total Current Liabilities
51,332
48,009
49,928
Payables & Accruals
- -
- -
- -
ST Debt
14,938
18,060
14,914
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.76%
9.91%
0.99%
Free Cash Flow
-436.74%
-313.28%
-646.95%
Net Income, GAAP
15.51%
39.53%
-6.71%
Sales/Revenue/Turnover
2.75%
9.98%
-3.89%
Total Cash Common Dividend
- -
- -
5.92%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
26,973
28,948
- -
- -
119,758
2025
- -
- -
- -
- -
115,098
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
47.63
- -
- -
- -
225.81
2025
- -
- -
- -
- -
218.14
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
90.27
2025
- -
- -
- -
- -
99.01
2026
- -
- -
- -
- -
- -
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Business
KH Neochem Co., Ltd. is a leading Japanese chemical materials manufacturer specializing in the production and supply of high-performance chemical products that serve as raw materials for various industrial applications. Its core product portfolio includes alcohols, esters, ketones, glycol ethers, synthetic fatty acids, aldehydes, diols, hydrocarbons, and functional polymers. These chemical products are utilized in manufacturing solvents, plasticizers, resins, lubricants, waterborne paints, cosmetics, adhesives, and coatings across diverse industries. The company operates through three principal business segments: Basic Chemicals, Performance Materials, and Strategic Domains including Environment, Healthcare, and Electronics. KH Neochem supplies its products globally with a notable presence in Japan, as well as markets in Asia and the Americas. Founded in 1946 and headquartered in Tokyo, Japan, KH Neochem continues to leverage its OXO process technology and other proprietary synthesis methods. Recently, KH Neochem entered a capital and business alliance with Veneno Technologies, a novel bio-active DRP discovery company, enhancing its capabilities in specialty materials for healthcare and bio-related fields. In addition, the company has been actively expanding its international outreach, participating in global exhibitions like BIO International Convention 2025 and BIO KOREA 2025 to showcase innovation in environment, healthcare, and electronics sectors. In the past 1-2 years, KH Neochem has also implemented operational changes, including the discontinuation of certain solvent productions at its Yokkaichi plant to optimize its product line and business focus. Its integrated reports emphasize sustainability and advancing specialty chemical solutions aligned with its Vision 2030 strategy. KH Neochem targets industrial clients requiring specialty chemicals for applications in coatings, plastics, lubricants, and personal care products. With its subsidiaries, including KH Neochem Americas, the company offers specialized branched alcohols, branched carboxylic acids, specialty diols, and key crosslinking agents imperative for high-performance formulations in automotive, electronics, and consumer goods industries. KH Neochem upholds a strategic focus on innovation, global expansion, and environmental responsibility, sustaining its competitive position in the global chemical markets. This comprehensive approach underscores KH Neochem’s role as a vital supplier of tailored chemical materials with continuous enhancement of its specialty chemical portfolio and partnerships to address evolving industrial and environmental demands.