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Zeon Corporation

ZEOOY
51
Chemicals - Specialty · Basic Materials
Price
$15.49
+5.76 (+59.24%)
Market Cap
$2.96B
Exchange
Other OTC
Winston Score
51
Winston is curious
Mixed quality — meaningful strengths and weaknesses.
Data as of Sep 10, 2026 · filings through Jun 30, 2026

§How the score breaks down

Quality
Mixed
Growth
Mixed
Cash Flow
Weak
Stability
Exceptional
Valuation
Good
Dividends
Good
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Share count falling — buybacks

−11.0% over 4y

The company has reduced its share count over this period, returning value to shareholders through buybacks.

Diluted shares outstanding: 218.2M (2022) → 194.2M (2026)

§Winston Score History

The full picture

Zeon Corporation is a Japanese specialty chemicals company that makes synthetic rubber and specialty plastics. Its core products include materials used in tires, car parts, electronics, and medical devices. Zeon is one of the world's leading producers of specialty elastomers and is known for its advanced synthetic rubber technology.

The company earns revenue by selling chemical materials to industrial manufacturers, primarily in the automotive and electronics sectors. Zeon is headquartered in Tokyo and operates globally, with a market cap around $3 billion. Its deep expertise in polymer chemistry and long-standing customer relationships give it a strong position in niche markets. Growth depends on rising demand for high-performance materials in electric vehicles and electronics, though the business faces risks from raw material price swings and economic slowdowns in key end markets.

Growth Profile

When traditional metrics don't capture the full picture, these are the signals growth stock investors use instead.

Revenue Growth

+6.2% YoY

YoY Growth Rate

Slow revenue growth

EPS Growth

+74.5% YoY

YoY Growth Rate

Strong earnings growth

R&D Spend

¥0/ year

0.0% of revenue

Below sector average (3%)

Research and development spending

Insider Activity

26.3%ownership

Insiders own a meaningful stake in the company

Cash Position

Cash flow positive

¥130.2B cash & investments

Company generates more cash than it spends — no dilution risk from fundraising

Growth context

Zeon Corporation is growing revenue at 6% year-over-year. The Winston Score measures business quality today — these growth metrics show what could matter tomorrow.

The Winston Score above measures business quality today. Growth stocks often score lower because they invest in the future rather than maximising current profits. These metrics show what matters most for evaluating that future.

Score breakdown

Every number that matters to educated investors.

Each metric is explained in plain language so you know exactly what you're looking at. Start your free trial now.

Quality

Profit per sale
Gross Margin
34.0%
Modest — 34.0% gross margin
Profit after running costs
Operating Margin
14.9%
Healthy — 14.9% operating margin
Return on the money invested
ROCE
9.2%
Below par — 9.2% return on capital

ROIC between 5% and 15%. They earn 5 to 15 cents back per year on every dollar invested.

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Growth

Sales growth
Sales YoY
+1.5%
Nearly flat sales (+1.5% YoY)
Profit growth
EPS YoY
+71.3%
Earnings growing fast (+71.3% YoY)

Earnings growing 25%+ a year. The compounder zone.

How steady the profit is
EPS Consistency
4/8 quarters
Earnings inconsistent quarter-to-quarter

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Cash Flow

Profit that turns into cash
Cash Conversion
0%
Weak — only 0% of profit becomes cash
Spare cash per sale
FCF Margin
0.0%
Thin free cash flow (0.0%)

FCF margin between 0% and 10%. Some cash from sales, but not a lot.

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Stability

What it owes vs what it owns
Debt / Equity
0.09
Conservative — low debt load (0.09)
Covers its interest
Interest Cover
299.04x
Comfortably covers interest (299.0x)

Interest coverage above 8. Profits cover interest many times over.

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Valuation

Price vs profit
P/E Ratio (TTM)
10.9x
Attractive valuation — P/E 10.9

P/E in the normal range. Price is roughly $15 for every $1 of yearly profit.

Cheaper or dearer next year
P/E vs Forward
N/A
not available
Data not available

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Dividends

Dividend
Dividend Yield
1.90%
Small dividend — 1.90% yield

Modest yield. The bulk of any return needs to come from price appreciation.

Dividend record
Dividend Growth
+85.8%
Dividend growing fast (85.8% YoY)

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