Kureha Corporation logo

Kureha Corporation

4023.T

JPXBasic MaterialsChemicals - Specialty

Latest quote

¥4,500

+¥45.00 · +1.01%

Aug 24, 3:30 PM JST

4023.T company overview

Regular session · JST · Market data may be delayed.

Company profile

Company website

Kureha Corporation is a global enterprise based in Japan, engaged in the development, manufacturing, and distribution of diverse offerings, including advanced materials, specialized chemicals, and various plastic products. The company organizes its operations into five main divisions: Advanced Materials, Specialty Chemicals, Specialty Plastics, Construction, and Other Operations. The Advanced Materials segment produces and supplies high-performance substances such as polyphenylene sulfide, polyvinylidene fluoride (PVDF), engineered polyglycolic acid items, carbon fibers, and bead-form activated carbon. Kureha's Specialty Chemicals portfolio includes therapeutic agents for chronic kidney disease, agricultural and horticultural fungicides, along with industrial chemicals like chlorine, caustic soda, hydrochloric acid, sodium hypochlorite, monochlorobenzene, para-dichlorobenzene, trichlorobenzene, and ortho-dichlorobenzene. The Specialty Plastics division manufactures a wide array of plastic goods, encompassing household items like plastic wrap, food storage containers, cooking sheets, food bags, strainable garbage bags, garbage deodorizing sheets, antibacterial cleaning cloths, range hood filters, and bag clips. This segment also provides PVDF fishing lines, polyvinylidene chloride films, heat-shrink multi-layered films, and machinery designed for automatic food sealing. The Construction segment delivers comprehensive services across general construction, civil engineering projects, residential building, factory-related support, and plant engineering along with maintenance. Its Other Operations segment encompasses a broad range of services, including industrial waste management and environmental treatment facilities, real estate, property management, travel agency services, insurance, staffing solutions, healthcare services, transportation and warehousing, and the trading of chemical goods. Kureha Corporation was established in 1944 and maintains its headquarters in Tokyo, Japan.

Industry
Chemicals - Specialty
Sector
Basic Materials
Headquarters
JP
CEO
Katsuhiro Natake
Listed since
Jan 1, 2001
Employees
3,941

Market position

Day range

Current ¥4,500

52-week range

Current ¥4,500

Open
¥4,455
Previous close
¥4,455
Volume
193.5K
0.54× average
Average volume
356.22K
Average daily volume
Market cap
171.99B JPY
Beta
0.49
Market reference 1
50-day average
¥4,159.4
+8.19% above average
200-day average
¥4,135.55
+8.81% above average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
247.84B JPY
P/E (TTM)
-23.32×
P/B (TTM)
1.02×
P/S (TTM)
1.03×
EV / EBITDA
-47.53×
Earnings yield
-6.77%
Free cash flow yield
3.01%
Dividend yield
4.76%

Profitability & efficiency

Gross margin
29.48%
Operating margin
9.73%
Net margin
-5.06%
Return on equity
-6.47%
Return on assets
-3.16%
Return on invested capital
2.57%

Financial health

Debt / equity
0.73×
Current ratio
1.42×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends34%19%4%-10%Gross margin, FY2021: 30.22%Gross margin, FY2022: 28.64%Gross margin, FY2023: 28.85%Gross margin, FY2024: 26.23%Gross margin, FY2025: 28.17%Operating margin, FY2021: 13.87%Operating margin, FY2022: 11.93%Operating margin, FY2023: 10.53%Operating margin, FY2024: 6.12%Operating margin, FY2025: 8.22%Net margin, FY2021: 8.41%Net margin, FY2022: 8.82%Net margin, FY2023: 5.47%Net margin, FY2024: 4.81%Net margin, FY2025: -6.61%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 30.22%. Gross margin FY2022 28.64%. Gross margin FY2023 28.85%. Gross margin FY2024 26.23%. Gross margin FY2025 28.17%. Operating margin FY2021 13.87%. Operating margin FY2022 11.93%. Operating margin FY2023 10.53%. Operating margin FY2024 6.12%. Operating margin FY2025 8.22%. Net margin FY2021 8.41%. Net margin FY2022 8.82%. Net margin FY2023 5.47%. Net margin FY2024 4.81%. Net margin FY2025 -6.61%.

Income trends

Revenue

161.69B JPY-0.20%

Operating income

13.29B JPY+34.01%

Net income

−10.69B JPY−18.49B JPY
Income trends across reported periods211.47B JPY130.69B JPY49.9B JPY−30.89B JPYRevenue, FY2021: 168.34B JPYRevenue, FY2022: 191.28B JPYRevenue, FY2023: 177.97B JPYRevenue, FY2024: 162.02B JPYRevenue, FY2025: 161.69B JPYOperating income, FY2021: 23.36B JPYOperating income, FY2022: 22.82B JPYOperating income, FY2023: 18.73B JPYOperating income, FY2024: 9.92B JPYOperating income, FY2025: 13.29B JPYNet income, FY2021: 14.16B JPYNet income, FY2022: 16.87B JPYNet income, FY2023: 9.74B JPYNet income, FY2024: 7.8B JPYNet income, FY2025: −10.69B JPYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 168.34B JPY. Revenue FY2022 191.28B JPY. Revenue FY2023 177.97B JPY. Revenue FY2024 162.02B JPY. Revenue FY2025 161.69B JPY. Operating income FY2021 23.36B JPY. Operating income FY2022 22.82B JPY. Operating income FY2023 18.73B JPY. Operating income FY2024 9.92B JPY. Operating income FY2025 13.29B JPY. Net income FY2021 14.16B JPY. Net income FY2022 16.87B JPY. Net income FY2023 9.74B JPY. Net income FY2024 7.8B JPY. Net income FY2025 −10.69B JPY.
Metric (JPY)FY2025FY2024FY2023FY2022FY2021
Revenue161.69B JPY162.02B JPY177.97B JPY191.28B JPY168.34B JPY
Cost of goods sold116.14B JPY119.52B JPY126.63B JPY136.49B JPY117.46B JPY
Gross profit45.55B JPY42.49B JPY51.34B JPY54.79B JPY50.88B JPY
Research and development6.81B JPY6.86B JPY6.49B JPY5.65B JPY
Selling, general, and administrative32.26B JPY25.77B JPY25.75B JPY25.48B JPY21.87B JPY
Operating expenses32.26B JPY32.58B JPY32.61B JPY31.97B JPY27.52B JPY
Interest income1.04B JPY215M JPY211M JPY158M JPY71M JPY
Interest expense757M JPY196M JPY191M JPY228M JPY161M JPY
Depreciation and amortization12.34B JPY12.68B JPY11.66B JPY11.62B JPY11.55B JPY
Operating income13.29B JPY9.92B JPY18.73B JPY22.82B JPY23.36B JPY
Net income−10.69B JPY7.8B JPY9.74B JPY16.87B JPY14.16B JPY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 2 misses, 0 met estimates
Average EPS surprise
-67.21%
2 comparable reports
Latest EPS result
112.22

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates162.72-81.37-325.45-569.54Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26
Q4 2024, reported Nov 11, 2024: actual 52.58, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Feb 10, 2025: actual 47.85, estimate —, surprise —, Comparison unavailable. Q2 2025, reported May 12, 2025: actual -3.51, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 8, 2025: actual 45.35, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Nov 11, 2025: actual 105.68, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Feb 9, 2026: actual 100.87, estimate —, surprise —, Comparison unavailable. Q2 2026, reported May 12, 2026: actual -519.04, estimate —, surprise —, Comparison unavailable. Q3 2026, reported Aug 7, 2026: actual 112.22, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates49.09B44.28B39.46B34.65BQ1 '25BeatQ2 '25BeatQ3 '25MetQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26BeatQ4 '26Estimate
Q1 2025, reported Feb 10, 2025: actual 40.37B JPY, estimate 39.06B JPY, surprise +3.36%, Beat. Q2 2025, reported May 12, 2025: actual 40B JPY, estimate 40B JPY, surprise +0.01%, Beat. Q3 2025, reported Aug 8, 2025: actual 36.54B JPY, estimate 36.54B JPY, surprise 0.00%, Met estimate. Q4 2025, reported Nov 11, 2025: actual 40.85B JPY, estimate 43.13B JPY, surprise -5.30%, Miss. Q1 2026, reported Feb 9, 2026: actual 40.38B JPY, estimate 42.6B JPY, surprise -5.22%, Miss. Q2 2026, reported May 12, 2026: actual 43.93B JPY, estimate 47.2B JPY, surprise -6.94%, Miss. Q3 2026, reported Aug 7, 2026: actual 42.1B JPY, estimate 41.7B JPY, surprise +0.96%, Beat. Q4 2026, reported Nov 11, 2026: actual —, estimate 42.6B JPY, surprise —, Comparison unavailable.

Corporate actions

Annual dividends per share

Cash distributions grouped by calendar year; partial years are marked.

¥152.85

2025 complete year+169.7% since 2021

2026 partial: ¥104.5

* Partial calendar year in the available dividend history.

Corporate action history

DividendUpcoming

Ex-dividend Sep 29, 2026

¥108

Semi-Annual

Record Sep 30, 2026 · Payment Sep 29, 2026

DividendUpcoming

Ex-dividend Mar 30, 2027

¥108

Semi-Annual

Record Mar 31, 2027 · Payment Mar 30, 2027

Dividend

Ex-dividend Mar 30, 2026

¥104.5

Semi-Annual

Record Mar 31, 2026 · Payment Jun 5, 2026

Dividend

Ex-dividend Sep 29, 2025

¥109.5

Semi-Annual

Record Sep 30, 2025 · Payment Dec 10, 2025

Dividend

Ex-dividend Mar 28, 2025

¥43.35

Semi-Annual

Record Mar 31, 2025 · Payment Jun 3, 2025

Dividend

Ex-dividend Sep 27, 2024

¥43.35

Semi-Annual

Record Sep 30, 2024 · Payment Dec 3, 2024

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