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    Chemicals - Specialty
Natoco Co., Ltd.

Natoco Co., Ltd.

4627.T
Natoco Co., Ltd.JP flagTokyo Stock Exchange
1,743.00
JPY
-18.00
- -
13.17BMarket Cap
Natoco Co., Ltd.
4627.T
(Tokyo Stock Exchange)

Recent

price

1,743.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
1,633.69
1,781.68
1,867.9
2,185.53
1,743.56
1,976.45
1,968.89
2,095.19
2,244.87
2,346.58
2,153.78
2,524.92
2,709.86
2,671.3
2,748.38
- -
2,659.69
Revenue per Share
71.24
70.83
67.62
205.87
90.89
80.44
79.36
144.07
134.62
129.71
136.23
217.37
200.69
126.01
126.6
- -
145.2
Basic EPS, GAAP
-144.21
-260.16
-267.13
-147.41
-110.65
-90.03
-202.3
-183.83
-59.49
-301.43
-473.74
-465.94
-434.33
-415.77
-256.27
- -
- -
Free Cash Flow per Basic Share
13.98
16.02
16.01
15.97
31.39
24.08
25.98
26.01
33.96
38
40.5
50.97
54.94
50.79
54.74
- -
- -
Dividend per Share
1,260.54
1,315.39
1,367.02
1,556.9
1,460.28
1,624.06
1,677.42
1,795.49
1,896.11
1,987.83
2,084.06
2,250.45
2,395.69
2,469.61
2,540.36
- -
2,487.98
Book Value per Share
1,637.74
1,710.56
1,777.71
2,054.61
1,852.09
2,074.83
2,094.7
2,254.43
2,326.12
2,413.33
2,502.83
2,687.78
2,874.77
2,966.62
3,072.57
- -
3,022.06
Tangible Book Value per Share
7
7
7
7
8
8
8
8
8
8
8
8
8
8
8
- -
8
Basic Weighted Avg Shares
11,965
13,049
13,680
16,007
14,190
14,909
14,852
15,805
16,934
17,701
16,247
19,047
20,446
20,164
20,753
22,275
20,079
Sales/Revenue/Turnover
9.16
8.52
7.46
16
7.72
6.27
7.99
9.25
8.69
8.72
8.87
10.63
8.39
6.22
5.94
6.28
5.64
Operating Margin (%)
561
532
526
443
416
529
486
552
644
610
607
556
723
761
798
720
- -
Depreciation Expense
522
519
495
1,508
740
607
599
1,087
1,016
978
1,028
1,640
1,514
951
956
1,138
1,096
Net Income, GAAP
41.99
43.07
39.65
39.15
42.54
47.82
41.83
32.45
30.62
34.81
29.52
25.22
28.55
28.98
31.89
27.76
29.24
Effective Tax Rate (%)
4.36
3.98
3.62
9.42
5.21
4.07
4.03
6.88
6
5.53
6.33
8.61
7.41
4.72
4.61
5.11
5.46
Profit Margin (%)
7,018
7,844
8,731
9,540
9,207
9,803
9,969
10,764
11,677
12,443
12,622
13,363
13,831
14,618
15,668
15,341
15,753
Working Capital
- -
- -
- -
- -
48
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
12,125
12,663
13,221
15,251
15,347
15,920
15,998
17,197
17,722
18,369
19,047
20,596
22,085
22,753
23,573
24,585
23,175
Total Equity
5.24
4.97
4.69
10.53
3.97
3.07
4.26
5.86
5.76
5.5
5.35
7.52
5.66
3.94
3.6
4.15
3.53
Return on Invested Capital (%)
4.26
3.8
3.22
11.63
6.06
5.01
4.81
8.3
7.29
6.68
6.69
10.03
8.64
5.18
5.06
5.8
5.95
Return on Capital (%)
5.78
5.5
5.04
14.08
6.35
5.03
4.81
8.3
7.29
6.68
6.69
10.03
8.64
5.18
5.05
5.82
5.95
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Oct'23
Jan'24
Apr'24
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
8
8
8
Market Capitalization
10,248
10,873
11,403

Working Capital

FRC

•

in mil. unless spec.
Oct'23
Jan'24
Apr'24
Total Current Assets
20,126
19,901
20,937
Cash, Cash Equivalents & STI
10,273
10,327
11,784
Accounts Receivable, Net
5,558
5,121
4,876
Inventories
2,181
2,261
2,325
Total Current Liabilities
5,508
5,264
5,184
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.46%
5.25%
4.29%
Free Cash Flow
31.77%
-38.83%
-143.15%
Net Income, GAAP
10.93%
6.85%
19.02%
Sales/Revenue/Turnover
4.29%
6.69%
7.33%
Total Cash Common Dividend
8.6%
5.79%
-5.01%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
4,798
4,987
5,230
5,149
20,164
2024
4,877
4,823
- -
- -
20,753
2025
- -
- -
- -
- -
22,275

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
3.68
- -
- -
- -
126.01
2024
16.95
- -
- -
- -
126.6
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
50.79
2024
- -
- -
- -
- -
54.74
2025
- -
- -
- -
- -
- -
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Business
Natoco Co., Ltd. (4627.T) manufactures and sells paints, fine chemicals, synthetic resins, inks, thinners, and related products; it operates through three segments including paints for industrial, construction, and exterior applications such as synthetic resin paints, exterior sidings, roofs, wood flooring, UV coatings, insulative paints, water-based paints, powder coatings like ECONA 52Q, and functional brands such as Super One silicone acrylic resin paints and DERACOOL heat-shielding paints; fine chemicals encompassing highly functional resins, coating agents for information devices, display films, and automobile interiors; and distillation involving collection, recycling of used solvents, sale of pure and recycled thinners, and industrial waste disposal. The company, founded in 1948 and headquartered in Miyoshi-shi, Aichi Prefecture, Japan, serves markets in automotive, construction, electronics, and heavy equipment sectors with approximately 350 specially contracted distributors in Japan and international subsidiaries including Natoco Fine Chemical (Qingdao) Co., Ltd. in China, NATOCO PAINT PHILIPPINES, Inc. in the Philippines, NATOCO PAINT (THAILAND) Co., Ltd. in Thailand, NATOCO VIETNAM Company Limited in Vietnam, and affiliates such as TOMOE Co., Ltd., IC Sangyo Co., Ltd., and Mitsumaru Chemical Co., Ltd. for distillation operations; it maintains branches in Japan, Korea, and facilities like the Head Plant, Gunma Plant, and Central Laboratory. Recent developments include the June 2025 acquisition of Mitsumaru Chemical Co., Ltd. as a subsidiary to strengthen distillation and solvent recycling capabilities, a 2023 corporate logo renewal, the 2022 shift from Tokyo Stock Exchange JASDAQ (Standard) to the Standard Market, and an agreement to acquire the business related to manufacturing and sales of paints for interior building materials from DIC Decor, Inc.; the company continues expanding fine chemical R&D and overseas manufacturing presence.