4094
Japan Chemical Industries Co., Ltd.
日本化学産業株式会社
Chemicals
Nihon Kagaku Sangyo Co., Ltd. engages in the manufacture and sale of industrial chemicals and building materials in Japan and internationally. It offers various inorganic metal products, including copper, tin, nickel, cobalt, bismuth, chromium, manganese, antimony, zinc, iron, and lithium compounds; organic metal compounds, such as metal acetylacetonate, metallic soaps, PUCAT, and PA series products; surface treatment agents, including anodized aluminum treatment, electro plating, electro plating brightener/additives, electroless plating, etchant agent, and rust prevention; and other compounds. The company's chemical products are used in various industries, such as optical/precision instruments, electronics, ceramics, petrochemical catalysis, healthcare, and battery materials. It also develops fireproof, waterproof, and ventilation building materials; and heat exchangers, as well as offers stainless-steel handrails and mailboxes; fabricated metal products for industrial use; and materials used in eaves, as well as pipe space/blindfold covers and exterior products. The company was incorporated in 1924 and is headquartered in Tokyo, Japan.
Price
¥2,052
Market Cap
¥40.5B
Ent. Value
¥25.4B
Net Cash
¥15.2B
Shares Out.
19.8M
P / E
16.9×
EV / EBIT
8.9×
P / Book
0.86×
P / NCAV
1.96×
Div. Yield
3.65%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥25.4B | ¥22.4B | ¥24.1B | ¥23.7B |
| Cost of Sales | ¥19.3B | ¥17.2B | ¥18.2B | ¥16.5B |
| Gross Profit | ¥6.1B | ¥5.3B | ¥5.9B | ¥7.2B |
| SG&A | ¥3.3B | ¥3.1B | ¥3.0B | ¥3.0B |
| Operating Income | ¥2.9B | ¥2.2B | ¥2.9B | ¥4.2B |
| Non-Operating Income | ¥397M | ¥435M | ¥414M | ¥339M |
| Dividend Income | ¥212M | ¥203M | ¥229M | ¥170M |
| Interest Income | ¥17M | ¥14M | ¥13M | ¥14M |
| Non-Operating Expenses | ¥45M | ¥52M | ¥48M | ¥51M |
| Interest Expense | ¥7M | ¥7M | ¥7M | ¥7M |
| Ordinary Income | ¥3.2B | ¥2.6B | ¥3.3B | ¥4.5B |
| Pre-tax Income | ¥3.3B | ¥2.5B | ¥3.1B | ¥4.5B |
| Income Taxes | ¥935M | ¥768M | ¥879M | ¥1.2B |
| Current Tax | ¥847M | ¥752M | ¥799M | ¥1.3B |
| Deferred Tax | ¥89M | ¥16M | ¥80M | ¥-65M |
| Net Income (owners) | ¥2.4B | ¥1.7B | ¥2.2B | ¥3.2B |
| Comprehensive Income | ¥2.0B | ¥3.3B | ¥2.0B | ¥3.4B |
| EBITDA | ¥3.9B | ¥3.3B | ¥3.9B | ¥5.3B |
| EPS | ¥121.17 | ¥88.81 | ¥113.24 | ¥163.01 |
| Shares Outstanding | 19.8M | 19.5M | 19.8M | 19.8M |
| Shares Issued (total) | 20.3M | 20.3M | 20.7M | 20.7M |
| Treasury Shares | 0.5M | 0.8M | 0.9M | 0.9M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥54.3B | ¥52.9B | ¥50.1B | ¥49.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥28.5B | ¥32.3B | ¥31.1B | ¥29.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥15.4B | ¥19.7B | ¥18.8B | ¥17.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | ¥6.0B | ¥5.7B | ¥5.1B | ¥6.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥25.8B | ¥20.7B | ¥18.9B | ¥19.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥8.4B | ¥7.2B | ¥7.4B | ¥7.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥112M | ¥124M | ¥117M | ¥160M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥8.9B | ¥9.9B | ¥8.2B | ¥8.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥7M | ¥15M | ¥13M | ¥1M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥7.8B | ¥7.3B | ¥6.7B | ¥7.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥5.7B | ¥4.9B | ¥4.9B | ¥5.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥2.7B | ¥2.5B | ¥2.5B | ¥2.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥264M | ¥374M | ¥374M | ¥374M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥447M | ¥372M | ¥146M | ¥920M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥2.2B | ¥2.4B | ¥1.8B | ¥1.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥351M | ¥340M | ¥339M | ¥320M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥1.6B | ¥1.8B | ¥1.2B | ¥1.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥46.5B | ¥45.7B | ¥43.4B | ¥42.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥1.0B | ¥1.0B | ¥1.0B | ¥1.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥857M | ¥742M | ¥1.1B | ¥1.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥40.9B | ¥39.7B | ¥38.6B | ¥37.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-921M | ¥-829M | ¥-790M | ¥-790M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥4.6B | ¥5.0B | ¥3.5B | ¥3.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥41.9B | ¥40.7B | ¥39.9B | ¥38.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥264M | ¥374M | ¥374M | ¥374M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥15.2B | ¥19.3B | ¥18.4B | ¥16.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥20.7B | ¥25.0B | ¥24.4B | ¥22.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥1,047 | ¥1,281 | ¥1,233 | ¥1,130 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥2,120 | ¥2,084 | ¥2,014 | ¥1,934 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥3.3B | ¥3.1B | ¥3.1B | ¥2.8B |
| Interest Paid | ¥-7M | ¥-7M | ¥-7M | ¥-7M |
| Interest Received | ¥230M | ¥219M | ¥243M | ¥185M |
| D&A | ¥1.1B | ¥1.1B | ¥1.0B | ¥1.0B |
| Investing CF | ¥-11.5B | ¥-1.3B | ¥-655M | ¥-955M |
| CapEx | ¥1.6B | ¥1.1B | ¥647M | ¥1.3B |
| Purchase Investments | ¥-17M | ¥-84M | ¥-1M | ¥-51M |
| Proceeds from Invest. | ¥187M | ¥8M | ¥7M | — |
| Financing CF | ¥-1.3B | ¥-1,000M | ¥-633M | ¥-982M |
| Dividends Paid | ¥-1.2B | ¥-629M | ¥-633M | ¥-577M |
| Share Buybacks | — | ¥-374M | — | ¥-403M |
| Free Cash Flow | ¥1.7B | ¥2.0B | ¥2.4B | ¥1.5B |
| Net Change in Cash | ¥-9.3B | ¥879M | ¥1.8B | ¥817M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 5.1% | 3.9% | 5.2% | 7.9% |
| ROA | 4.4% | 3.4% | 4.5% | 6.5% |
| EPS | ¥121.17 | ¥88.81 | ¥113.24 | ¥163.01 |
| DPS | ¥75.00 | ¥46.00 | ¥32.00 | ¥31.00 |
| BPS | ¥2,388.36 | ¥2,348.33 | ¥2,197.75 | ¥2,127.31 |
| FCF/Share | ¥86 | ¥102 | ¥122 | ¥74 |
| NCAV/Share | ¥1,047 | ¥1,281 | ¥1,233 | ¥1,130 |
| Payout Ratio | 61.9% | 51.8% | 28.3% | 19.0% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 4
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Stock Ownership Plan
日化産取引先グループ持株会
|
2,278 | 11.53% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
1,428 | 7.22% |
| 3 | 大樹生命保険株式会社 | 1,000 | 5.06% |
| 4 |
Sumitomo Mitsui Banking Corporation
株式会社三井住友銀行
|
970 | 4.90% |
| 5 | MSIP CLIENT SECURITIES (常任代理人 モルガン・スタンレーMUFG証券株式会社) | 817 | 4.13% |
| 6 |
Employee Stock Ownership Plan
にっかさん従業員持株会
|
726 | 3.67% |
| 7 | 立花証券株式会社 | 633 | 3.20% |
| 8 |
Sumitomo Realty & Development Co.,Ltd.
住友不動産株式会社
|
591 | 2.99% |
| 9 |
Sumitomo Metal Mining Co., Ltd.
住友金属鉱山株式会社
|
541 | 2.74% |
| 10 |
NIHON PARKERIZING CO., LTD.
日本パーカライジング株式会社
|
490 | 2.48% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
7.2%
+1.2% 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
40.7%
-0.1% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 47.9% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Stock Ownership Plan 日化産取引先グループ持株会 | 10.86% | 11.26% | 11.53% +0.27% | |
| Japan Custody Bank 日本カストディ銀行 | 5.95% | 6.06% | 7.22% +1.16% | |
| 大樹生命保険 | 5.05% | 5.12% | 5.06% -0.06% | |
| Sumitomo Mitsui Banking Corporation 三井住友銀行 | 4.90% | 4.97% | 4.90% -0.07% | |
| MSIP CLIENT SECURITIES NEW ENTRY | — | — | — | 4.13% NEW |
| Employee Stock Ownership Plan にっかさん従業員持株会 | 3.60% | 3.72% | 3.67% -0.05% | |
| 立花証券 NEW ENTRY | — | — | — | 3.20% NEW |
| Sumitomo Realty & Development Co.,Ltd. 住友不動産 | 2.98% | 3.03% | 2.99% -0.04% | |
| Sumitomo Metal Mining Co., Ltd. 住友金属鉱山 | 2.74% | 2.77% | 2.74% -0.03% | |
| NIHON PARKERIZING CO., LTD. 日本パーカライジング | 2.47% | 2.51% | 2.48% -0.03% | |
| CGML PB CLIENT ACCOUNT/COLLATERAL last seen 2024 | Exited Top 10 | 4.95% | 4.03% | — |
| ESG投資事業組合 last seen 2024 | Exited Top 10 | — | 3.39% | — |
| あいおいニッセイ同和損害保険 last seen 2023 | Exited Top 10 | 2.31% | — | — |
| Concentration (HHI) ⓘ | 268 | 279 | 298 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥7,732M
+7% since 2023
Holdings
21
+3 new
13 exited
Trend
3 building
vs 2023
| Held Company | FY2025 ¥7,732M total | FY2023 ¥7,259M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
JCU CORPORATION
㈱JCU
|
2,403 |
744,000
|
2,563 | 744,000 | M |
|
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
|
1,163 |
207,900
|
620 | 207,900 | M |
|
Sumitomo Metal Mining Co., Ltd.
住友金属鉱山㈱
|
700 |
215,600
|
1,089 | 215,600 | M |
|
Nippon Fine Chemical Co., Ltd.
日本精化㈱
|
616 |
308,000
|
806 | 308,000 | M |
|
NIHON PARKERIZING CO., LTD.
日本パーカライジング㈱
|
616 |
520,400
|
516 | 520,400 | M |
|
ISHIHARA CHEMICAL CO.,LTD.
石原ケミカル㈱
|
581 |
275,320
|
388 | 275,320 | M |
|
Shin Nippon Air Technologies Co., Ltd.
新日本空調㈱
|
233 |
+100.0%
↑
133,400
|
124 | 66,700 | M |
| ㈱TAKARA COMPANY | 197 |
59,800
|
134 | 59,800 | M |
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
|
189 |
+200.0%
↑
49,689
|
88 | 16,563 | |
|
THE KEIHIN CO., LTD.
ケイヒン㈱
|
188 |
+174.9%
↑
80,000
|
48 | 29,100 | M |
|
Tokyo Kiraboshi Financial Group, Inc.
㈱東京きらぼしフィナンシャルグループ
|
144 |
24,706
|
65 | 24,706 | |
|
artience Co., Ltd.
artience㈱
|
121 |
NEW
New
39,323
|
— | M | |
|
NIHON SEIKO CO.,LTD.
日本精鉱㈱
|
120 |
24,400
|
76 | 24,400 | M |
|
Daiichi Rare Elements Chemical Industry Co.
第一稀元素化学工業㈱
|
104 |
149,500
|
151 | 149,500 | M |
|
KUMIAI CHEMICAL INDUSTRY CO., LTD.
クミアイ化学工業㈱
|
100 |
121,047
|
103 | 121,047 | M |
|
Nippon Pigment Holdings Company Limited
㈱日本ピグメントホールディングス
|
74 |
NEW
New
24,000
|
— | M | |
|
Resona Holdings, Inc.
㈱りそなホールディングス
|
72 |
55,878
|
36 | 55,878 | |
| ㈱八十二銀行 | 63 |
60,000
|
34 | 60,000 | M |
|
Sanyo Industries Co., Ltd.
三洋工業㈱
|
30 |
10,000
|
18 | 10,000 | M |
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱
|
16 |
NEW
New
4,340
|
— | ||
|
MITANI SANGYO CO.,LTD.
三谷産業㈱
|
1 |
2,420
|
1 | 2,420 | M |
|
KANTO DENKA KOGYO CO.,LTD.
関東電化工業㈱
|
— |
−100%
Exit
—
|
103 | 100,000 | M |
|
Nippon Chemical Industrial Co.,Ltd.
日本化学工業㈱
|
— |
−100%
Exit
—
|
55 | 27,900 | M |
|
IBIDEN CO.,LTD.
イビデン㈱
|
— |
−100%
Exit
—
|
23 | 4,438 | |
| 東洋インキSCホールディングス㈱ | — |
−100%
Exit
—
|
81 | 39,323 | M |
| 日本ピグメント㈱ | — |
−100%
Exit
—
|
54 | 24,000 | M |
| ㈱ノリタケカンパニーリミテド | — |
−100%
Exit
—
|
35 | 7,600 | |
|
TOYOTA MOTOR CORPORATION
トヨタ自動車㈱
|
— |
−100%
Exit
—
|
15 | 8,165 | |
| 三井住友トラスト・ホールディングス㈱ | — |
−100%
Exit
—
|
10 | 2,170 | |
|
Mitsui Chemicals, Inc.
三井化学㈱
|
— |
−100%
Exit
—
|
8 | 2,200 | |
|
Dainichiseika Color & Chemicals Mfg. Co., Ltd.
大日精化工業㈱
|
— |
−100%
Exit
—
|
7 | 4,136 | M |
|
JFE Holdings,Inc.
JFEホールディングス㈱
|
— |
−100%
Exit
—
|
3 | 1,664 | |
|
Sojitz Corporation
双日㈱
|
— |
−100%
Exit
—
|
2 | 842 | |
|
ISE CHEMICALS CORPORATION
伊勢化学工業㈱
|
— |
−100%
Exit
—
|
2 | 240 | |
| Portfolio total | 7,732 | 7,259 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding