Added to YB: 2026-06-04
Pitch date: 2026-06-01
4078.T [bullish]
Sakai Chemical Industry Co., Ltd.
Author Info
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Company Info
Sakai Chemical Industry Co., Ltd., together with its subsidiaries, manufactures and sells various chemical products in Japan, Asia, North America, Europe, the Middle East, and internationally.
Market Cap
JPY 90.5B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
9.05
P/E
37.51
EV/Sales
1.13
Sector
Chemicals
Category
growth
Sakai Chemical: The Upstream Play to AI Server MLCCs
4078.T: World's largest merchant MLCC dielectric powder supplier (25-28% BaTiO₃ share); sub-100nm hydrothermal tech in 3-co oligopoly outside China. AI Server play via Class II BaTiO₃ (GPU decoupling) + NP0 TiO₂ (PSU caps, +206%/278% growth '26/'27). Electronic Materials profit +32% FY27 on flat rev = clean mix shift. Clean fwd P/E ~22x post-disposal gain, ~30x TTM. FY28 setup: segment OP ¥3bn+ at 20%+ margin once pigment TiO₂ exit/Cosmetics cleanup done. Stock +90%, rerated. Risks: slow mix shift, Cosmetics drag, ME supply.
Read full article (9 min)