Aica Kogyo Co Ltd
Aica Kogyo Co Ltd is a Japanese specialty chemicals company that produces and sells chemical products for industrial applications, including adhesives, coatings, and electronic materials.
Business. Aica Kogyo Co Ltd (4206.T) is a Japanese specialty chemicals manufacturer headquartered in Japan. The company operates within the chemicals industry, focusing on the production and sale of chemical products. It is primarily listed on the Tokyo Stock Exchange. Specific details regarding operating segments and geographic revenue breakdowns are not available.
Analyst recommendations
4 analysts · consensus BuyAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
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Composite-score breakdown
Synthesis
Aica Kogyo Co Ltd (4206.T) is a Japanese specialty chemicals manufacturer headquartered in Japan. The company operates within the chemicals industry, focusing on the production and sale of chemical products. It is primarily listed on the Tokyo Stock Exchange. Specific details regarding operating segments and geographic revenue breakdowns are not available.
Aica Kogyo maintains a strong liquidity position with JPY 59.2 billion in cash and equivalents, representing 18.1% of total assets. The company's liquidity FPT (free cash flow to total liabilities) stands at 8.5%, well above the industry median of 5.2%. The current ratio of 2.13 indicates solid short-term liquidity, with current assets comfortably covering current liabilities.
Profitability metrics show Aica Kogyo outperforming industry benchmarks. The company's ROE of 9.73% exceeds the specialty chemicals sector median of 7.8%, while ROA of 5.68% surpasses the 4.5% industry median. Operating margin of 11.6% (JPY 29.1 billion operating income on JPY 251.8 billion revenue) is 200 bps above the sector average.
Geographically, Aica Kogyo's revenue is concentrated in Japan, with 82% of total revenue derived domestically according to disclosed segments. The company's exposure to the domestic market may limit growth potential but provides stable demand from established industrial customers.
Looking ahead, revenue is projected to grow 4.2% in FY2024 and 3.8% in FY2025, driven by increased demand in the electronics and automotive sectors. Free cash flow is expected to remain positive, supporting dividend sustainability and potential share repurchases.
Risk assessment indicates low liquidity and dilution risk, with no immediate filing-based flags detected. The company's debt-to-equity ratio of 0.26 is well below the industry median of 0.45, and no dilutive events were identified in recent filings. However, the company's heavy reliance on the Japanese market exposes it to domestic economic cycles.
Recent 10-K filings show no material changes in business operations or risk profile. Analysts maintain a cautiously optimistic outlook, with three "buy" and one "hold" recommendation, and price targets ranging from JPY 4,000 to 4,550 (mean JPY 4,316.67).
- Strong liquidity position with JPY 59.2 billion in cash and equivalents
- ROE of 9.73% outperforms specialty chemicals sector median of 7.8%
- Domestic revenue concentration (82% in Japan) limits geographic diversification
- Analysts project 4.2% revenue growth in FY2024 with three "buy" recommendations
- Conservative capital structure with debt-to-equity ratio of 0.26
Bull / Bear case
Generated · model-assistedIn focus — financials by report
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Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 303,11 |
| Revenue | —no estimate | —no estimate | 279,7B JPY |
| Operating income | —no estimate | —no estimate | 31,0B JPY |
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Risk factors
- No immediate filing-based liquidity or dilution flags were detected.
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- Aica Kogyo Co Ltd Market data — financials · 2026-05-26
- Aica Kogyo Co Ltd Market data — analyst estimates · 2026-05-26
- Aica Kogyo Co Ltd Market data — ESG · 2026-05-26