Specialty Chemicals & Construction Materials Manufacturing
Strategic Profile
Aica Kogyo operates in three business segments: Decorative Boards, High-Pressure Laminates, and Chemicals, producing decorative laminates, industrial materials, and adhesive resins. The company is known for its consistent focus on research and development, which has led to the creation of innovative products and solutions that cater to the evolving needs of its customers in various industries.
Cyborg Score Rationale
Aica Kogyo reported record third quarter financial metrics with nine month sales of ¥186,239 million and net income of ¥15,391 million. Shares trade at ¥3,805 on a P/E of 13.3x, screening as good value compared with both peers and the wider JP market. The company demonstrates solid growth momentum with established market position.
Top Insights
Record Q3 results paired with higher dividend forecast, driving 8% seven-day share price return and 9.84% ninety-day return
Operations span Japan, China, Hong Kong, Taiwan, Indonesia, Malaysia, India, Vietnam, Singapore, the US, New Zealand, Pakistan, and Thailand, providing geographic diversification
P/E multiple of 13.3x sits below JP market average of 15.1x with forecasted earnings growth of 6.63% per year
Laminates segment benefits from superior quality attracting commercial and high-end retail bases, while Chemical Products segment provides robust adhesive solutions
Named Competitors
Specialty Materials & Chemicals — Japanese chemical products and specialty materials
Decorative Laminates & Surfaces — High-pressure laminates and decorative surfaces
Construction Materials — Industrial materials and construction products
Recent Developments
(Feb 2025) Record third quarter financial results with higher full-year dividend forecast announced
(Sep 2025) Share price momentum of 9.84% over 90 days driven by earnings revisions
(Dec 2025) Share price at ¥3,379 reflecting market adjustments following strong Q3 performance
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