4078
Sakai Chemical Industry Co.,Ltd.
堺化学工業株式会社
Chemicals
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. It operates through Electronic Materials; Cosmetic Materials; Organic Chemicals; Sanitary Materials; Contract Processing; Titanium Oxide and Zinc Products; Resin Additives; Catalyst; Inorganic Material; Medical Business; and Others. The company offers titanium dioxide used in a range of applications, including paints, printer inks, paper manufacturing, plastics, chemical fibers, rubber, porcelain enamel, optical glass, and capacitors; barium and strontium salt products; and zinc oxide for electronic materials, cosmetics, and heat-dissipation. It also provides plastic additives, such as metallic soap, hydrotalcite, and flame retardants, as well as calcium/zinc-based composite stabilizers; catalysts comprising De-NOx/De-DXN, hydrogenation, titanium catalysts for polyester polymerization, titanium dioxide for catalyst carriers, and catalysts for raw materials of synthetic fibers; and electronic materials, which includes dielectric and piezoelectric ceramics, spherical silica, and secondary batteries and electrode materials. In addition, the company offers cosmetic raw materials, such as titanium dioxide, zinc oxide, barium, calcium, water repellent pigments, and cosmetic inorganic fluorescent materials; pharmaceuticals, comprising prescription and OTC drugs, health foods, active pharmaceutical ingredients, and pharmaceutical intermediates. Further, it provides organic chemical products containing sulfur and phosphorus for electronics, resin materials, healthcare, lubricants, and water treatment materials sectors; and road marking materials for compartment lines, road markings, expressways, and braille sheets. The company exports its products. Sakai Chemical Industry Co., Ltd. was founded in 1918 and is headquartered in Sakai, Japan.
Price
¥4,940
Market Cap
¥80.1B
Ent. Value
¥82.9B
Net Debt
−¥2.7B
Shares Out.
16.2M
P / E
16.0×
EV / EBIT
13.6×
P / Book
1.02×
P / NCAV
2.92×
Div. Yield
2.73%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥84.4B | ¥82.1B | ¥83.9B | ¥80.1B |
| Cost of Sales | ¥64.1B | ¥65.2B | ¥65.4B | ¥59.1B |
| Gross Profit | ¥20.3B | ¥16.9B | ¥18.5B | ¥21.0B |
| SG&A | ¥14.2B | ¥13.9B | ¥14.1B | ¥13.6B |
| Operating Income | ¥6.1B | ¥2.9B | ¥4.4B | ¥7.5B |
| Non-Operating Income | ¥449M | ¥715M | ¥595M | ¥1.6B |
| Dividend Income | ¥175M | ¥147M | ¥147M | ¥219M |
| Interest Income | ¥28M | ¥14M | ¥4M | ¥8M |
| Non-Operating Expenses | ¥264M | ¥591M | ¥148M | ¥235M |
| Interest Expense | ¥140M | ¥116M | ¥76M | ¥73M |
| Ordinary Income | ¥6.3B | ¥3.1B | ¥4.9B | ¥8.8B |
| Pre-tax Income | ¥6.0B | ¥-3.7B | ¥5.0B | ¥9.2B |
| Income Taxes | ¥824M | ¥3.1B | ¥2.4B | ¥2.1B |
| Current Tax | ¥1.1B | ¥1.1B | ¥1.3B | ¥2.4B |
| Deferred Tax | ¥-302M | ¥2.0B | ¥1.1B | ¥-269M |
| Net Income (owners) | ¥5.0B | ¥-7.1B | ¥2.3B | ¥6.7B |
| Minority Interest | ¥134M | ¥297M | ¥264M | ¥357M |
| Comprehensive Income | ¥5.6B | ¥-5.2B | ¥3.3B | ¥5.7B |
| EBITDA | ¥9.9B | ¥7.4B | ¥9.0B | ¥12.0B |
| Goodwill Amort. (J-GAAP) | ¥111M | ¥125M | ¥136M | ¥134M |
| EPS | ¥309.21 | ¥-437.65 | ¥144.85 | ¥407.06 |
| Shares Outstanding | 16.2M | 16.2M | 16.2M | 16.2M |
| Shares Issued (total) | 17.0M | 17.0M | 17.0M | 17.0M |
| Treasury Shares | 0.8M | 0.8M | 0.8M | 0.8M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥123.3B | ¥125.4B | ¥128.0B | ¥123.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥71.4B | ¥76.0B | ¥72.1B | ¥65.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥16.2B | ¥16.6B | ¥12.4B | ¥10.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | ¥21.7B | ¥23.8B | ¥22.1B | ¥24.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥51.9B | ¥49.4B | ¥55.9B | ¥58.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥44.5B | ¥40.5B | ¥46.8B | ¥48.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥777M | ¥888M | ¥1.0B | ¥1.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥1.1B | ¥1.2B | ¥1.4B | ¥1.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥5.1B | ¥6.2B | ¥4.8B | ¥4.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥648M | ¥886M | ¥2.3B | ¥3.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥43.9B | ¥50.0B | ¥43.3B | ¥41.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥27.9B | ¥31.8B | ¥29.2B | ¥26.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥8.6B | ¥9.1B | ¥8.6B | ¥9.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥11.5B | ¥15.1B | ¥13.2B | ¥8.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥767M | ¥576M | ¥733M | ¥1.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥16.0B | ¥18.2B | ¥14.1B | ¥14.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥7.4B | ¥8.9B | ¥8.5B | ¥8.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥4.5B | ¥4.8B | ¥5.1B | ¥5.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥642M | ¥1.1B | ¥139M | ¥76M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥79.4B | ¥75.5B | ¥84.7B | ¥82.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥21.8B | ¥21.8B | ¥21.8B | ¥21.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥16.8B | ¥16.7B | ¥16.3B | ¥16.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥37.8B | ¥34.3B | ¥42.5B | ¥41.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-1.7B | ¥-1.7B | ¥-1.8B | ¥-1.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥3.6B | ¥3.2B | ¥1.6B | ¥1.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥74.7B | ¥71.2B | ¥78.9B | ¥77.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥1.1B | ¥1.1B | ¥4.2B | ¥3.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥18.9B | ¥24.0B | ¥21.6B | ¥17.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-2.7B | ¥-7.4B | ¥-9.2B | ¥-6.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥27.5B | ¥26.1B | ¥28.8B | ¥24.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥1,695 | ¥1,608 | ¥1,778 | ¥1,502 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥4,605 | ¥4,391 | ¥4,870 | ¥4,809 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥12.0B | ¥6.9B | ¥773M | ¥6.6B |
| Interest Paid | ¥-139M | ¥-116M | ¥-79M | ¥-71M |
| Interest Received | ¥202M | ¥160M | ¥151M | ¥227M |
| D&A | ¥3.6B | ¥4.4B | ¥4.4B | ¥4.3B |
| Goodwill Amort. | ¥111M | ¥125M | ¥136M | ¥134M |
| Investing CF | ¥-5.7B | ¥-4.0B | ¥-2.6B | ¥-1.7B |
| CapEx | ¥6.9B | ¥4.0B | ¥2.7B | ¥5.1B |
| Purchase Investments | ¥-13M | ¥-20M | ¥-94M | ¥-30M |
| Proceeds from Invest. | ¥1.4B | ¥157M | ¥193M | ¥3.6B |
| Financing CF | ¥-6.9B | ¥1.3B | ¥3.3B | ¥-5.7B |
| Dividends Paid | ¥-1.6B | ¥-1.1B | ¥-1.3B | ¥-589M |
| Share Buybacks | ¥-1M | ¥0M | ¥0M | ¥-1.5B |
| LT Debt Repaid | ¥-3.7B | ¥-3.3B | ¥-3.3B | ¥-2.4B |
| Free Cash Flow | ¥5.1B | ¥2.8B | ¥-1.9B | ¥1.5B |
| Net Change in Cash | ¥-322M | ¥4.3B | ¥1.6B | ¥-603M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 6.6% | -9.2% | 2.9% | 8.7% |
| ROA | 4.0% | -5.6% | 1.9% | 5.4% |
| EPS | ¥309.21 | ¥-437.65 | ¥144.85 | ¥407.06 |
| DPS | ¥135.00 | ¥70.00 | ¥75.00 | ¥70.00 |
| BPS | ¥4,825.33 | ¥4,586.92 | ¥4,970.11 | ¥4,875.69 |
| FCF/Share | ¥312 | ¥175 | ¥-116 | ¥93 |
| NCAV/Share | ¥1,695 | ¥1,608 | ¥1,778 | ¥1,502 |
| Payout Ratio | 43.7% | — | 51.8% | 17.2% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 27
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
2,246 | 13.85% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
1,421 | 8.76% |
| 3 | CEPLUX THE INDEPENDENT UCITS PLATFORM 2 (常任代理人 シティバンク、エヌ・エイ東京支店) | 912 | 5.62% |
| 4 |
Meiji Yasuda Life Insurance
明治安田生命保険相互会社 (常任代理人 株式会社日本カストディ銀行)
|
421 | 2.60% |
| 5 | 日本生命保険相互会社 (常任代理人 日本マスタートラスト信託銀行株式会社) | 418 | 2.58% |
| 6 | CGML PB CLIENT ACCOUNT/ COLLATERAL (常任代理人 シティバンク、エヌ・エイ東京支店) | 341 | 2.10% |
| 7 | RE FUND 107-CLIENT AC (常任代理人 シティバンク、エヌ・エイ東京支店) | 340 | 2.10% |
| 8 | BNY GCM CLIENT ACCOUNT JPRD AC ISG(FE-AC) (常任代理人 株式会社三菱UFJ銀行) | 310 | 1.91% |
| 9 |
Business Partner Stock Ownership Plan
堺化学取引先持株会
|
292 | 1.80% |
| 10 | BNYMSANV RE BNYMIL RE WS ZENNOR JAPAN EQUITY INCOME FUND (常任代理人 株式会社三菱UFJ銀行) | 279 | 1.72% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
22.6%
-3.5% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
20.4%
-3.3% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 43.0% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 10.50% | 13.83% | 13.85% +0.02% | |
| Japan Custody Bank 日本カストディ銀行 | 10.30% | 12.24% | 8.76% -3.48% | |
| CEPLUX THE INDEPENDENT UCITS PLATFORM 2 NEW ENTRY | — | — | — | 5.62% NEW |
| Meiji Yasuda Life Insurance 明治安田生命保険 | — | 2.60% | 2.60% | |
| Nippon Life Insurance 日本生命保険 | — | 2.58% | 2.58% | |
| RE FUND 107-CLIENT AC | 1.54% | 1.85% | 2.10% +0.25% | |
| CGML PB CLIENT ACCOUNT/ COLLATERAL NEW ENTRY | — | — | — | 2.10% NEW |
| BNY GCM CLIENT ACCOUNT JPRD AC ISG(FE-AC) NEW ENTRY | — | — | — | 1.91% NEW |
| Business Partner Stock Ownership Plan 堺化学取引先持株会 | 2.58% | 2.61% | 1.80% -0.81% | |
| BNYMSANV RE BNYMIL RE WS ZENNOR JAPAN EQUITY INCOME FUND NEW ENTRY | — | — | — | 1.72% NEW |
| CGML PB CLIENT ACCOUNT/COLLATERAL last seen 2024 | Exited Top 10 | 7.40% | 7.25% | — |
| 村上 貴輝 last seen 2024 | Exited Top 10 | — | 3.83% | — |
| 岡 秀朋 last seen 2024 | Exited Top 10 | — | 1.52% | — |
| DFA INTL SMALL CAP VALUE PORTFOLIO last seen 2024 | Exited Top 10 | 2.30% | 1.47% | — |
| 岡 秀明 last seen 2023 | Exited Top 10 | 1.63% | — | — |
| 明治安田生命相互保険会社 last seen 2023 | Exited Top 10 | 2.60% | — | — |
| 日本生命相互保険会社 last seen 2023 | Exited Top 10 | 2.58% | — | — |
| SMBC日興証券 last seen 2023 | Exited Top 10 | 2.07% | — | — |
| Concentration (HHI) ⓘ | 306 | 436 | 332 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥3,979M
+7% since 2023
Holdings
20
5 exited
Trend
3 building
vs 2023
| Held Company | FY2025 ¥3,979M total | FY2023 ¥3,703M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
1,337 |
664,900
|
563 | 664,900 | M |
|
KANSAI PAINT CO.,LTD.
関西ペイント㈱
|
1,265 |
+0.5%
↑
592,931
|
1,054 | 590,042 | M |
|
ROHTO PHARMACEUTICAL CO.,LTD.
ロート製薬㈱
|
295 |
132,000
|
365 | 132,000 | M |
|
Dai Nippon Toryo Company, Limited
大日本塗料㈱
|
239 |
205,800
|
174 | 205,800 | M |
|
Nittetsu Mining CO.,Ltd.
日鉄鉱業㈱
|
238 |
36,200
|
129 | 36,200 | M |
|
ZEON CORPORATION
日本ゼオン㈱
|
143 |
96,300
|
134 | 96,300 | M |
|
TAYCA CORPORATION
テイカ㈱
|
103 |
77,500
|
90 | 77,500 | M |
|
Maruzen Showa Unyu Co,.Ltd.
丸全昭和運輸㈱
|
93 |
+4.5%
↑
15,626
|
48 | 14,958 | M |
|
New Japan Chemical Co., Ltd.
新日本理化㈱
|
53 |
276,245
|
58 | 276,245 | M |
|
Riken Technos Co., Ltd.
リケンテクノス㈱
|
52 |
50,000
|
29 | 50,000 | |
|
TAIYO HOLDINGS CO., LTD.
太陽ホールディングス㈱
|
38 |
8,000
|
20 | 8,000 | |
|
Murata Manufacturing Co.
㈱村田製作所
|
32 |
+200.0%
↑
14,130
|
37 | 4,710 | |
|
OKAMOTO INDUSTRIES,INC.
オカモト㈱
|
25 |
5,110
|
20 | 5,110 | |
|
Sekisui Chemical Co.,Ltd.
積水化学工業㈱
|
25 |
10,000
|
18 | 10,000 | |
|
MiyoshiOil&FatCo.,Ltd.
ミヨシ油脂㈱
|
15 |
8,900
|
8 | 8,900 | M |
|
ARAKAWA CHEMICAL INDUSTRIES, LTD.
荒川化学工業㈱
|
13 |
12,000
|
11 | 12,000 | |
|
FUKUVI CHEMICAL INDUSTRY CO.,LTD.
フクビ化学工業㈱
|
7 |
9,000
|
5 | 9,000 | M |
|
KANEKA CORPORATION
㈱カネカ
|
4 |
1,100
|
3 | 1,100 | |
|
MAEZAWA KASEI INDUSTRIES CO.,LTD.
前澤化成工業㈱
|
2 |
1,440
|
2 | 1,440 | |
|
OSAKA SODA CO.,LTD.
㈱大阪ソーダ
|
— | — | M | ||
|
MITSUBISHI MATERIALS CORPORATION
三菱マテリアル㈱
|
— |
−100%
Exit
—
|
596 | 276,328 | |
|
The 77Bank,Ltd.
㈱七十七銀行
|
— |
−100%
Exit
—
|
55 | 25,573 | M |
|
譬ェ蠑丈シ夂、セ繧√�カ縺阪ヵ繧」繝翫Φ繧キ繝」繝ォ繧ー繝ォ繝シ繝�
㈱めぶきフィナンシャルグループ
|
— |
−100%
Exit
—
|
96 | 298,317 | M |
|
The Toho Bank, Ltd.
㈱東邦銀行
|
— |
−100%
Exit
—
|
66 | 305,827 | M |
|
The Kiyo Bank, Ltd.
㈱紀陽銀行
|
— |
−100%
Exit
—
|
122 | 82,716 | M |
| Portfolio total | 3,979 | 3,703 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding