Okamoto Industries (TSE:5122) Days Payable: 94.39 (As of Mar. 2026) — 13% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

TSE:5122 Okamoto Industries Inc TSE:5122
68 GF Score
Price 円5,320.00
GF Value 円5,321.38
Valuation Fairly Valued
! 5 Warning Signs
View Full Analysis

What is Okamoto Industries Days Payable?

Okamoto Industries TSE:5122 -1.30% 68 Days Payable is 94.39 as of Mar. 2026, which is 13% below its 10-year median of 108.99. GuruFocus rates TSE:5122 with a GF Score™ of 68/100 and a GF Value™ of 円5,321.38 (Fairly Valued). The stock has 5 warning signs investors should review. Among 1,553 Chemicals companies, Okamoto Industries ranks better than 74.57% on this metric.

Okamoto Industries's average Accounts Payable for the three months ended in Mar. 2026 was 円22,187 Mil. Okamoto Industries's Cost of Goods Sold for the three months ended in Mar. 2026 was 円21,449 Mil. Hence, Okamoto Industries's Days Payable for the three months ended in Mar. 2026 was 94.39.

The historical rank and industry rank for Okamoto Industries's Days Payable or its related term are showing as below:

TSE:5122' s Days Payable Range Over the Past 10 Years
Min: 96.06   Med: 108.99   Max: 113.93
Current: 96.58

During the past 13 years, Okamoto Industries's highest Days Payable was 113.93. The lowest was 96.06. And the median was 108.99.

TSE:5122's Days Payable is ranked better than
74.57% of 1553 companies
in the Chemicals industry
Industry Median: 59.87 vs TSE:5122: 96.58

Okamoto Industries's Days Payable declined from Mar. 2025 (107.32) to Mar. 2026 (94.39). It may suggest that Okamoto Industries accelerated paying its suppliers.


Okamoto Industries Days Payable Historical Data

* Premium members only.

The historical data trend for Okamoto Industries's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Okamoto Industries Days Payable Chart

Okamoto Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 106.63 102.55 108.47 104.63 96.06

Okamoto Industries Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 107.32 97.53 102.24 93.03 94.39

TSE:5122 vs LIN, SHW, ECL: Days Payable Comparison

For the Specialty Chemicals subindustry, Okamoto Industries's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Okamoto Industries Days Payable vs Chemicals Industry

For the Chemicals industry and Basic Materials sector, Okamoto Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Okamoto Industries's Days Payable falls into.


TSE:5122
68GF Score
Okamoto Industries Inc TSE:5122
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Okamoto Industries Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Okamoto Industries's Days Payable for the fiscal year that ended in Mar. 2026 is calculated as

Days Payable (A: Mar. 2026 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2025 ) + Accounts Payable (A: Mar. 2026 )) / count ) / Cost of Goods Sold (A: Mar. 2026 )*Days in Period
=( (23888 + 21514) / 2 ) / 86256*365
=22701 / 86256*365
=96.06

Okamoto Industries's Days Payable for the quarter that ended in Mar. 2026 is calculated as:

Days Payable (Q: Mar. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2025 ) + Accounts Payable (Q: Mar. 2026 )) / count ) / Cost of Goods Sold (Q: Mar. 2026 )*Days in Period
=( (22859 + 21514) / 2 ) / 21449*365 / 4
=22186.5 / 21449*365 / 4
=94.39

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 94.39 mean?
Okamoto Industries (TSE:5122) has a Days Payable of 94.39 as of Mar. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Okamoto Industries and its competitors. This is 13% below median its historical median of 108.99. Over the past decade, Okamoto Industries' Days Payable has ranged from 96.06 to 113.93. According to the industry distribution chart, Okamoto Industries ranks #395 out of 1553 companies in the Chemicals industry, placing it in the top 25.4%.
Is Okamoto Industries' Days Payable too high?
Okamoto Industries' current Days Payable of 94.39 is 13% below median its 10-year median of 108.99. Over the past 10 years, this metric has ranged from a low of 96.06 to a high of 113.93. The Chemicals industry median Days Payable is 59.87. Okamoto Industries' value of 94.39 is 57.7% above this industry median. Based on the distribution chart, Okamoto Industries ranks #395 out of 1553 companies in the Chemicals industry, which is above the industry midpoint. Overall, Okamoto Industries has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Okamoto Industries' Days Payable compare to LIN and SHW?
According to the Chemicals industry distribution chart, Okamoto Industries ranks #395 out of 1553 companies for Days Payable. This puts Okamoto Industries in the upper half of its industry. The industry median Days Payable is 59.87. Okamoto Industries' value of 94.39 is 57.7% above this benchmark. Historically, Okamoto Industries' own Days Payable has ranged from 96.06 to 113.93 over the past decade. While the company's 10-year median is 108.99 vs. the industry median of 59.87, Okamoto Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Chemicals company?
The median Days Payable among Chemicals companies is 59.87, based on 1,553 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Okamoto Industries's current Days Payable of 94.39 is 57.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Okamoto Industries and its competitors. For the Chemicals industry, the median Days Payable is 59.87 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Okamoto Industries's current Days Payable is 94.39, which is 13% below median its own 10-year median of 108.99. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Okamoto Industries stock overvalued right now?
Based on GuruFocus' analysis, Okamoto Industries (TSE:5122) is currently considered Fairly Valued. The stock's GF Value™ is 円5,321.38, compared to a current price of 円5,320.00 — trading 0% below its estimated fair value. The current Days Payable is 94.39, which is 13% below median its 10-year median of 108.99 and 57.7% above the Chemicals industry median of 59.87. Okamoto Industries' overall GF Score™ is 68/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Okamoto Industries (TSE:5122), the current Days Payable is 94.39 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Okamoto Industries (TSE:5122) Overvalued in 2026?

Based on GuruFocus' analysis, Okamoto Industries stock appears to be undervalued. The current stock price of 円5,320.00 is trading 0% below its estimated GF Value™ of 円5,321.38. GuruFocus considers Okamoto Industries to be Fairly Valued.

Key valuation signals for TSE:5122:

  • Days Payable: 94.39 (13% below median its 10-year median of 108.99)
  • GF Value™: 円5,321.38 vs. price of 円5,320.00 (0% below fair value)
  • GF Score™: 68/100 with 5 warning signs
  • Industry Position: 57.7% above the Chemicals median (#395 of 1553)

No single metric tells the full story. See the TSE:5122 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Okamoto Industries Business Description

Address 3-27-12, Hongo, Bunkyo-ku, Tokyo, JPN, 113-8710
Okamoto Industries Inc is in the business of manufacturing condoms and heating pads. It is also involved in the business of plastic films, automotive materials, wallpaper, flexible container bags, adhesive tape, rubber bands, and solar power generation business. The company has manufacturing plants in Shizuoka, Ibaraki and Fukushima.
68GF Score

Get the complete analysis for TSE:5122

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

円5,320.00
Price
円5,321.38
GF Value