1. Japan Stocks

  2. •

    Process industries

  3. •

    Chemicals: specialty
MEC Company Ltd.

MEC Company Ltd.

39.39
USD
-7.77
(-16.48%)
1.19BMarket Cap
Nov 11Next Earn
MEC Company Ltd.
OTC:MECGF
(OTC Markets)

Recent

price

39.39

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
JPY
303.82
351.24
313.23
334.01
398.75
451.26
457.03
478.4
591.5
572.64
630
791.73
859.05
743.87
973.78
1,133.66
- -
Revenue per Share
35.57
6.8
2.94
31.24
46.09
66.98
76.26
84.86
92.85
65.16
84.09
155.28
161.22
122.29
122.38
272.14
- -
Basic EPS, GAAP
29.56
-47.3
18.84
3.72
73.2
58.57
23.83
-57.48
57.35
66.44
73.94
121.63
168.76
3.13
183.75
65.22
- -
Free Cash Flow per Basic Share
12.02
7.98
17.93
7.97
10.96
10.98
16.13
20.08
24.18
26.27
26.24
28.26
41.32
45.45
45.37
50.61
- -
Dividend per Share
419.96
407.4
384.95
431.94
511.44
599.85
632.41
683.86
799.46
847.94
920.6
1,102.82
1,226.98
1,323.24
1,436.45
1,668.73
1,978.83
Book Value per Share
417.46
405.53
382.6
429.71
509.34
597.74
624.07
675.77
791.34
840.58
913.2
1,095.06
1,219.25
1,314.68
1,428.41
1,660.95
1,971.84
Tangible Book Value per Share
20
20
20
20
20
20
20
19
19
19
19
19
19
19
19
18
18
Basic Weighted Avg Shares
6,098
7,050
6,287
6,704
8,003
9,057
9,078
9,260
11,329
10,866
11,957
15,038
16,329
14,020
18,234
20,948
- -
Sales/Revenue/Turnover
13.09
13.04
11.66
13.69
17.76
22.18
24.07
20.38
19.62
15.07
19.82
26.2
24.52
17.78
25.02
27.44
- -
Operating Margin (%)
329
281
287
300
312
337
360
369
610
693
785
742
760
773
816
823
- -
Depreciation Expense
714
137
59
627
925
1,344
1,515
1,643
1,778
1,236
1,596
2,949
3,065
2,305
2,292
5,029
- -
Net Income, GAAP
14.38
60.36
90.64
36.9
38.29
36.73
29.69
12.42
23.63
27.73
30.88
27.93
27.46
28.4
50.93
22.32
- -
Effective Tax Rate (%)
11.71
1.94
0.94
9.35
11.56
14.84
16.69
17.74
15.7
11.38
13.35
19.61
18.77
16.44
12.57
24.01
- -
Profit Margin (%)
4,940
3,613
3,333
3,874
5,249
6,805
5,349
5,605
6,201
5,927
7,047
10,048
12,425
12,621
15,201
15,440
16,042
Working Capital
- -
- -
- -
- -
- -
- -
- -
1,250
250
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
8,429
8,177
7,726
8,669
10,265
12,040
12,250
13,110
15,166
16,092
17,471
20,929
23,326
24,777
26,897
30,472
36,133
Total Equity
7.85
4.09
0.8
6.62
8.86
11.05
12.33
11.97
10.87
7.17
9.34
14.23
12.8
7.33
8.48
14.95
- -
Return on Invested Capital (%)
8.37
1.58
0.7
7.34
9.66
12.05
12.47
12.13
11.56
7.58
9.23
15.21
13.85
9.58
8.87
17.55
- -
Return on Capital (%)
8.81
1.64
0.74
7.65
9.77
12.05
12.47
12.95
12.58
7.91
9.51
15.36
13.85
9.58
8.87
17.53
- -
Return on Common Equity (%)

Capital Structure

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
19
18
18
Market Capitalization
- -
- -
192,726

Working Capital

JPY

•

in mil. unless spec.
Jun'24
Mar'26
Jun'26
Total Current Assets
17,895
- -
21,331
Cash, Cash Equivalents & STI
9,994
- -
11,984
Accounts Receivable, Net
5,818
- -
6,571
Inventories
1,546
- -
2,295
Total Current Liabilities
3,551
- -
5,289
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

JPY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.84%
11.86%
13.29%
Free Cash Flow
511.35%
1,136.18%
-64.98%
Net Income, GAAP
21.08%
36.56%
119.44%
Sales/Revenue/Turnover
9.57%
13.03%
14.88%
Total Cash Common Dividend
16.59%
14.48%
10.08%

Quarterly Revenue

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,355
4,528
- -
- -
18,234
2025
- -
- -
- -
- -
20,948
2026
- -
- -
- -
- -
- -

Quarterly Earnings Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
41.62
59.34
- -
- -
122.38
2025
- -
- -
- -
- -
272.14
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

JPY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
45.37
2025
- -
- -
- -
- -
50.61
2026
- -
- -
- -
- -
- -
Similar Companies
Petkim Petrokimya Holding Anonim Sirketi (BIST:PETKM)
Albemarle Corporation (NYSE:ALB)
Linde plc (NASDAQ:LIN)
Gubre Fabrikalari T.A.S. (BIST:GUBRF)
IOL Chemicals & Pharmaceuticals Ltd. (NSE:IOLCP)
PI Industries Limited (NSE:PIIND)
Business
MEC Company Ltd. MEC Company Ltd. (4971.T) engages primarily in the research, development, production, and sale of specialty chemicals, equipment, and materials for printed circuit board (PCB) fabrication and electronic component manufacturing; its core offerings include copper surface roughening treatments such as the CZ Series and EXE Series for mechanical and chemical adhesion enhancement between metal and resin, pre-lamination treatments for multilayer and high-frequency substrates, anisotropic and seed layer etching solutions, CO2 laser direct drilling surface preparations, degreasing and rust removal agents, microetching and etch down processes, residue removal treatments, DFR pre-treatments, and the proprietary AMALPHA technology for direct metal-resin bonding; the company also provides PCB machinery like chemical, pre-, and post-treatment equipment, as well as materials including copper foils and dry films, with repair services for such machinery. Founded in 1969 and headquartered in Amagasaki, Hyogo, Japan, MEC Company Ltd. operates globally through subsidiaries and distributors in Continental Asia (including China via MEC Fine Chemical (Zhuhai) Ltd. and MEC China Specialty Products (Suzhou) Company Ltd., Taiwan via MEC Taiwan Company Ltd., Thailand via MEC Specialty Chemical (Thailand) Co., Ltd., and Hong Kong), Europe (MEC Europe NV. in Belgium), the Americas, India, the Middle East, and North Africa, targeting electronics manufacturers in automotive, semiconductor packaging, 5G smartphones, and IoT applications with a focus on high-reliability surface creation technologies. In recent developments, the company fully acquired MEC Fine Chemical (Zhuhai) Ltd. to strengthen control as a wholly owned subsidiary, announced the 2030 Vision Phase 2 Medium-term Management Plan (2025-2027), participated in the JOINT3 consortium for next-generation semiconductor packaging, authorized and completed a share buyback of 500,000 treasury shares (2.67% of outstanding stock) for ¥1.29 billion in 2025 with subsequent retirement, progressed construction of the Kitakyushu Plant (delayed start to December 2026), revised earnings and dividend forecasts upward including a dividend increase to ¥60 per share, and issued its Sustainability Report 2025 while participating in trade shows like TPCA Show 2025 and SEMICON Japan 2025.