4094 Nippon Chemical
- Apr 1, 2025
- 1 min read
The company's core businesses are inorganic surface treatment chemicals and contract processing of cathode materials for secondary batteries. It has a subsidiary in Thailand. Disaster prevention building materials for homes are also a source of revenue.
the stock recently rose by 20%+ on the back of rare earth mineral war as part of the larger tariff trade war
The company plans to start operating a pilot plant in April next year to separate and refine nickel, cobalt, lithium, and other metals from used secondary EV batteries.
at share price of 1968, mkt cap 39.9 bil yen vs net cash 36 bil
21.28x per / 0.82 pbr / 4.57% div yield
Gross profit margins declined due to high raw material prices and the strong yen. Operating profits fell due to heavy labor costs, depreciation costs, and development costs.
[Dividend policy] Dividend rate on shareholders' equity changed to a target of 4%. Shareholder benefits program introduced.