4082
Daiichi Rare Elements Chemical Industry Co.
第一稀元素化学工業株式会社
Chemicals
Daiichi Kigenso Kagaku Kogyo Co., Ltd. researches, develops, manufactures, and sells zirconium compounds and other inorganic compounds in Japan and internationally. The company provides zirconium oxide, electro-melting stabilized zirconium oxide, complex oxide, cesium compounds, cesium flux wires, rings, rare earth compounds, zirconium silicate, various sol, and non-oxide zirconium products, as well as various metal sulfides; and zirconia for advanced ceramics and solid oxide fuel cells. It also provides warehousing and general cargo trucking services. The company's products are used in automobile and industrial catalysts; fuel cells and oxygen sensors; structural, dental, electronic, refractories and brakes, aluminum brazing, and coatings and metal surface treatment materials. Daiichi Kigenso Kagaku Kogyo Co., Ltd. was incorporated in 1929 and is headquartered in Osaka, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥33.6B
¥35.2B
¥35.7B
¥29.4B
Cost of Sales
¥25.3B
¥26.9B
¥25.1B
¥21.2B
Gross Profit
¥8.4B
¥8.3B
¥10.6B
¥8.2B
SG&A
¥6.1B
¥5.9B
¥5.2B
¥4.4B
Operating Income
¥2.3B
¥2.4B
¥5.4B
¥3.8B
Non-Operating Income
¥273M
¥2.2B
¥1.5B
¥2.5B
Dividend Income
¥26M
¥21M
¥18M
¥13M
Interest Income
¥73M
¥129M
¥70M
¥57M
Non-Operating Expenses
¥1.9B
¥1.7B
¥952M
¥317M
Interest Expense
¥510M
¥546M
¥283M
¥83M
Ordinary Income
¥632M
¥2.9B
¥6.0B
¥6.0B
Pre-tax Income
¥1.7B
¥2.6B
¥5.8B
¥3.5B
Income Taxes
¥900M
¥1.4B
¥1.7B
¥1.6B
Current Tax
¥738M
¥1.3B
¥1.9B
¥1.6B
Deferred Tax
¥161M
¥100M
¥-138M
¥52M
Net Income (owners)
¥792M
¥1.1B
¥4.0B
¥1.8B
Minority Interest
¥16M
¥17M
¥40M
¥36M
Comprehensive Income
¥2.9B
¥875M
¥5.0B
¥1.6B
EBITDA
¥5.9B
¥5.5B
¥8.1B
¥6.4B
EPS
¥32.64
¥46.87
¥165.40
¥76.15
Shares Outstanding
24.2M
24.3M
24.3M
24.3M
Shares Issued (total)
24.4M
24.4M
24.4M
24.4M
Treasury Shares
0.2M
0.1M
0.1M
0.1M
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥64.8B
¥65.6B
¥66.0B
¥58.0B
Current Assets
¥31.9B
¥32.5B
¥34.0B
¥28.5B
Cash & Deposits
¥8.9B
¥8.3B
¥10.8B
¥8.8B
Trade Receivables
¥5.3B
¥5.9B
—
—
Non-Current Assets
¥32.8B
¥33.1B
¥32.0B
¥29.5B
PP&E
¥26.8B
¥27.7B
¥27.3B
¥24.6B
Intangible Assets
¥1.7B
¥1.5B
¥1.3B
¥1.4B
Investment Securities
¥873M
¥1.1B
¥782M
¥738M
Deferred Tax Assets
¥388M
¥92M
¥398M
¥267M
Total Liabilities
¥26.3B
¥29.3B
¥29.9B
¥26.2B
Current Liabilities
¥8.7B
¥9.9B
¥10.0B
¥10.1B
Accounts Payable
¥1.2B
¥1.5B
¥977M
¥873M
ST Debt
¥5.4B
¥6.1B
¥6.0B
¥6.2B
Taxes Payable
¥91M
¥448M
¥1.1B
¥1.3B
Non-Current Liabilities
¥17.6B
¥19.4B
¥19.8B
¥16.1B
Total LT Borrowings
¥15.9B
¥18.1B
¥19.2B
¥15.7B
Pension Obligations
¥5M
¥3M
¥3M
¥3M
Deferred Tax Liab.
¥368M
—
—
—
Total Equity
¥38.5B
¥36.3B
¥36.2B
¥31.8B
Capital Stock
¥787M
¥787M
¥787M
¥787M
Capital Surplus
¥1.2B
¥1.2B
¥1.2B
¥1.2B
Retained Earnings
¥33.1B
¥32.9B
¥32.4B
¥29.1B
Treasury Stock
¥-124M
¥-18M
¥-31M
¥-40M
AOCI
¥3.0B
¥860M
¥1.1B
¥192M
Equity (owners)
¥34.9B
¥34.9B
¥34.4B
¥31.0B
Minority Interests
¥564M
¥591M
¥629M
¥621M
Total Interest-Bearing Debt ⓘ
¥21.3B
¥24.2B
¥25.2B
¥21.9B
Net Cash ⓘ
¥-12.3B
¥-15.9B
¥-14.5B
¥-13.1B
NCAV ⓘ
¥5.7B
¥3.2B
¥4.1B
¥2.3B
NCAV/Share
¥234
¥133
¥170
¥94
BV/Share
¥1,442
¥1,432
¥1,414
¥1,276
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥3.5B
¥5.3B
¥3.9B
¥3.2B
Interest Paid
¥-394M
¥-537M
¥-288M
¥-83M
Interest Received
¥98M
¥151M
¥87M
¥70M
D&A
¥3.6B
¥3.1B
¥2.7B
¥2.6B
Investing CF
¥-551M
¥-3.4B
¥-4.4B
¥-4.2B
CapEx
¥1.2B
¥3.8B
¥4.3B
¥3.4B
Purchase Investments
¥-9M
¥-13M
¥-13M
¥-51M
Financing CF
¥-3.5B
¥-2.4B
¥2.5B
¥-8M
Dividends Paid
¥-631M
¥-681M
¥-680M
¥-558M
Share Buybacks
¥-113M
—
—
¥-0M
LT Debt Repaid
¥-5.2B
¥-3.9B
¥-3.4B
¥-3.2B
Free Cash Flow
¥2.3B
¥1.5B
¥-381M
¥-150M
Net Change in Cash
¥631M
¥-1.8B
¥1.7B
¥-2.3B
Metric
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
2.2%
3.2%
12.1%
6.0%
ROA
1.2%
1.7%
6.5%
3.2%
EPS
¥32.64
¥46.87
¥165.40
¥76.15
DPS
¥26.00
¥26.00
¥34.00
¥23.00
BPS
¥1,565.62
¥1,467.26
¥1,460.81
¥1,284.24
FCF/Share
¥94
¥61
¥-16
¥-6
NCAV/Share
¥234
¥133
¥170
¥94
Payout Ratio
79.7%
55.5%
20.6%
30.2%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 1
Date Activist Stake Event Flag Demands Source
2026-03-23
Arrowstreet Capital, Limited Partnership
5.33%
initial_5pct
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 5
#
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)
2,737,700
11.30%
2
Employee Stock Ownership Plan
第一稀元素化学工業従業員持株会
1,271,200
5.25%
3
國部 克彦
1,210,000
5.00%
4
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
1,097,500
4.53%
5
IWATANI CORPORATION
岩谷産業株式会社
861,000
3.55%
6
井上 剛
810,305
3.35%
7
井上 純子
810,000
3.34%
8
國部 智之
687,700
2.84%
9
寺田 忠史
388,085
1.60%
10
中村 晃治
340,000
1.40%
Domestic Nominees
15.8%
+0.3% 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
26.3%
+0.5% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
10.52%
10.31%
11.30%
+0.99%
Employee Stock Ownership Plan
第一稀元素化学工業従業員持株会
4.73%
4.87%
5.25%
+0.38%
國部 克彦
4.98%
4.97%
5.00%
+0.03%
Japan Custody Bank
日本カストディ銀行
4.48%
5.26%
4.53%
-0.73%
IWATANI CORPORATION
岩谷産業
3.54%
3.54%
3.55%
+0.01%
井上 剛
3.29%
3.33%
3.35%
+0.02%
井上 純子
3.33%
3.33%
3.34%
+0.01%
國部 智之
2.83%
2.82%
2.84%
+0.02%
寺田 忠史
1.58%
1.59%
1.60%
+0.01%
中村 晃治
1.40%
1.40%
1.40%
Concentration (HHI)
ⓘ
225
230
248
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥824M
+12% since 2023
Holdings
5
+1 new
1 exited
Trend
3 building
vs 2023
Held Company
FY2025
¥824M total
FY2023
¥734M total
Book Val ¥M
Shares
Book Val ¥M
Shares
IWATANI CORPORATION
岩谷産業(株)(注1)
361
NEW
New
241,600
—
M
Japan Chemical Industries Co., Ltd.
日本化学産業(株)
179
116,000
123
116,000
M
Murata Manufacturing Co.
(株)村田製作所
176
+206.0%
↑
76,600
201
25,029
Niterra Co., Ltd.
日本特殊陶業(株)
101
+26.0%
↑
22,488
49
17,842
TAIYO YUDEN CO., LTD.
太陽誘電(株)
7
+15.9%
↑
2,957
11
2,551
IWATANI CORPORATION
岩谷産業(株)
—
−100%
Exit
—
350
60,400
M
Portfolio total
824
734
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding