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Home/Stocks/4091.T
TSE · Japan · Chemicals

4091.T Nippon Sanso

Industrial gases for Asian fabs

Downtrend Trading below its 50-day average. (automatic: supply-chain trend + price vs 50-day average)
Last close (delayed) · 2026-10-26
¥5,399.0
−0.48% today
1W
−2.3%
1M
−2.5%
3M
−9.0%
YTD
+17.0%
1Y
+9.0%
Off 52w high
−15.2%
Next earnings (est.): 2026-11-04
Market cap¥2.35T≈ $14.97B
P/E (trailing)16.9Forward 19.6
EV / sales2.2×EV/EBITDA 9.2×
Revenue (TTM)¥1.41TGrowth 14.9% y/y
Margins43.1%gross · op 14.6%
Free cash flow¥135BCash ¥167B · debt ¥868B
Analyst target¥6,212.5+15.1% upside · 8 analysts · buy
Riskβ 0.45Short — of float · yield 1.21%

Fundamentals from public market data, refreshed daily (2026-10-24 02:59 UTC). Figures in reporting currency.

4091.T · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

8 events
  1. 8
    2026-07-29EarningsBeat / raise

    Reported EPS 101 vs 79.7 expected (+26.7% surprise).

  2. 7
    2026-02-04EarningsBeat / raise

    Reported EPS 82.51 vs 78.71 expected (+4.8% surprise).

  3. 6
    2025-10-29EarningsMiss / cut

    Reported EPS 67.07 vs 70.24 expected (-4.5% surprise).

  4. 5
    2025-07-31EarningsMiss / cut

    Reported EPS 65.6 vs 70.23 expected (-6.6% surprise).

  5. 4
    2025-05-12EarningsMiss / cut

    Reported EPS 49.21 vs 61.22 expected (-19.6% surprise).

  6. 3
    2025-02-05EarningsMiss / cut

    Reported EPS 65.34 vs 68.16 expected (-4.1% surprise).

  7. 2
    2024-10-31EarningsMiss / cut

    Reported EPS 46.46 vs 69.11 expected (-32.8% surprise).

  8. 1
    2024-07-30EarningsBeat / raise

    Reported EPS 67.19 vs 63.07 expected (+6.5% surprise).

Earnings history

EPS vs expectations
DateExpected EPSReported EPSSurprise
2026-07-2979.7101.0+26.7%
2026-02-0478.7182.51+4.8%
2025-10-2970.2467.07−4.5%
2025-07-3170.2365.6−6.6%
2025-05-1261.2249.21−19.6%
2025-02-0568.1665.34−4.1%
2024-10-3169.1146.46−32.8%
2024-07-3063.0767.19+6.5%
2024-05-1371.8675.1+4.5%
2024-02-0155.157.4+4.2%
2023-10-3147.9155.42+15.7%
2023-07-2843.8956.74+29.3%
2023-05-1141.3647.78+15.5%
2023-02-0136.6339.85+8.8%
2022-11-0146.7641.27−11.7%
2022-07-2839.8839.95+0.2%
2022-05-1038.4132.28−16.0%
2022-02-0132.0236.61+14.3%
2021-11-0133.0842.12+27.3%
2021-02-0122.637.71+66.9%
2020-10-2918.531.34+69.4%
2020-07-2915.017.19+14.6%
2020-02-0432.731.47−3.8%
2019-10-3035.335.86+1.6%

About Nippon Sanso

Website ↗

Nippon Sanso Holdings Corporation engages in the manufacture and sale of various industrial gases in Japan, the United States, Europe, Asia, and Oceania. It offers industrial gases for various industries; medical gases for hospitals and home-based care; and electronic material gases for manufacturing process of liquid-crystal and semiconductor; and various products under the Thermos name. The company was formerly known as Taiyo Nippon Sanso Corporation and changed its name to Nippon Sanso Holdings Corporation in October 2020. Nippon Sanso Holdings Corporation was founded in 1910 and is headquartered in Shinagawa, Japan. Nippon Sanso Holdings Corporation is a subsidiary of Mitsubishi Chemical Group Corporation.

20,411 employees · Shinagawa, Japan

Fabs need ultra-pure nitrogen, hydrogen, neon, helium and fluorine compounds on long contracts. Helium-3 for cryogenics is genuinely scarce.

Air separation→Purification→Delivery→Fab

What would prove us wrong. Weakens if fab construction slows and on-site gas plants sit underused.

Peers at the same bottleneck

Who else supplies this

StockRoleLast1D1MYTDTrend
LIN
Linde
Industrial and electronic gases $509.4+0.12%+8.4%+20.6%
APD
Air Products
Fab gases and on-site plants $307.5+0.11%+9.8%+27.8%
AI.PA
Air Liquide
Electronics specialty gases €175.4+0.39%+4.7%+22.9%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.