Nomura keeps Daicel stock at Neutral with JPY 1,520 target

Published on 10/07/2026 at 06:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

For Daicel stock, revenue reached JPY 152.40 billion in the first quarter. Operating profit was JPY 14.00 billion, and results are due November 5, 2026.

Daicel, JP3485800001, Illustration mit AI erstellt.

Daicel Corporation (ISIN JP3485800001) has a JPY 1,520.00 price target and a Neutral rating from Nomura/Instinet dated September 5, 2026, according to Investing.com. The target leaves the analyst view centered on valuation rather than a fresh earnings upgrade.

First-quarter revenue reaches JPY 152.40 billion

Daicel reported revenue of JPY 152.40 billion for the first quarter of fiscal 2027, alongside operating profit of JPY 14.00 billion and net income of JPY 9.40 billion, according to EDINET DB on July 31, 2026.

The reported first-quarter figures were accompanied by a full-year fiscal 2027 revenue forecast of JPY 595.00 billion, operating profit guidance of JPY 42.50 billion and net income guidance of JPY 32.00 billion. Operating profit of JPY 14.00 billion represents 33.00 percent of the full-year forecast, while revenue represents 25.60 percent, giving investors a concrete measure of progress before the second-quarter report.

Profit recovery remains the central test

The comparison with fiscal 2026 is demanding. Daicel reported fiscal-year revenue of JPY 579.60 billion and operating profit of JPY 42.10 billion, while net income fell to JPY 10.20 billion, down 79.40 percent year over year, according to Yuhodb. That sharp profit contraction explains why the 2027 forecast for net income of JPY 32.00 billion matters more than revenue growth alone.

Daicel's fiscal 2026 operating cash flow was JPY 67.80 billion against capital spending of JPY 72.80 billion, according to EDINET DB. The cash conversion profile and the recovery in net income are therefore important counterweights to the first-quarter operating result.

Results date sets the next checkpoint

Daicel's investor-relations calendar schedules the second-quarter fiscal 2027 results for November 5, 2026, at 1:20 p.m. Japan time, according to the Daicel investor-relations page. The release should clarify whether the JPY 42.50 billion operating-profit forecast is supported by demand across its specialty chemicals and safety businesses.

Daicel was last at JPY 1,465.50 on the Tokyo Stock Exchange on October 7, 2026 at 1:25 p.m. JST, versus a previous-session close of JPY 1,455.00. Its market capitalization was JPY 374.3 billion, and the 52-week range was JPY 1,112.50 to JPY 1,658.00 as of October 7, 2026. The last Lang & Schwarz close was EUR 8.15 on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of Daicel stock.