4107
ISE CHEMICALS CORPORATION
伊勢化学工業株式会社
Basic Materials · Specialty Chemicals
ISE Chemicals Corporation engages in the iodine and natural gas, and metallic compound businesses in Japan. It offers iodine products, such as ISEFLO, a prilled iodine; crude iodine; potassium, sodium, and cuprous iodide, as well as hydroiodic acid. The company also provides metallic compounds, including nickel chloride, cobalt chloride, cobalt hydroxide, and tricobalt tetraoxide; and extracts and supplies natural gas to gas companies and factories. Its products are used in medical, feed additives, disinfectants, and electronic component industries. The company was founded in 1927 and is headquartered in Chuo, Japan. ISE Chemicals Corporation is a subsidiary of AGC Inc.
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Overview
Filings & Signals
Ownership
Financials
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Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥39.3B
¥33.3B
¥26.4B
¥25.6B
¥20.4B
Cost of Sales
¥26.9B
¥23.2B
¥19.0B
¥19.9B
¥15.9B
Gross Profit
¥12.4B
¥10.1B
¥7.4B
¥5.7B
¥4.4B
SG&A
¥2.9B
¥2.5B
¥2.1B
¥1.9B
¥1.7B
Operating Income
¥9.5B
¥7.7B
¥5.3B
¥3.8B
¥2.7B
Non-Operating Income
¥23M
¥13M
¥6M
¥5M
¥8M
Dividend Income
—
—
—
¥0M
—
Interest Income
¥21M
¥12M
¥5M
¥3M
¥6M
Non-Operating Expenses
¥255M
¥235M
¥186M
¥105M
¥27M
Interest Expense
¥4M
¥2M
¥1M
¥1M
¥1M
Ordinary Income
¥9.3B
¥7.4B
¥5.1B
¥3.7B
¥2.7B
Pre-tax Income
¥9.1B
¥7.4B
¥5.2B
¥3.6B
¥2.6B
Income Taxes
¥2.6B
¥2.3B
¥1.5B
¥1.0B
¥818M
Current Tax
¥2.7B
¥2.4B
¥1.5B
¥1.1B
¥670M
Deferred Tax
¥-45M
¥-28M
¥33M
¥-44M
¥147M
Net Income (owners)
¥6.5B
¥5.1B
¥3.7B
¥2.6B
¥1.8B
Comprehensive Income
¥6.5B
¥5.3B
¥3.8B
¥2.8B
¥2.0B
EBITDA
¥11.5B
¥9.6B
¥7.3B
¥5.6B
¥4.2B
EPS
¥127.52
¥995.18
¥720.48
¥502.73
¥347.94
Shares Outstanding
5.1M
5.1M
5.1M
5.1M
5.1M
Shares Issued (total)
5.1M
5.1M
5.1M
5.1M
5.1M
Treasury Shares
0.0M
0.0M
0.0M
0.0M
0.0M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥51.0B
¥45.3B
¥40.1B
¥36.1B
¥33.4B
Current Assets
¥32.6B
¥28.1B
¥24.1B
¥20.4B
¥18.4B
Cash & Deposits
¥4.5B
¥5.7B
¥5.7B
¥4.4B
¥2.3B
Trade Receivables
¥8.9B
¥8.9B
¥6.7B
¥6.2B
—
Non-Current Assets
¥18.4B
¥17.2B
¥15.9B
¥15.7B
¥15.1B
PP&E
¥16.7B
¥15.9B
¥14.7B
¥14.5B
¥13.9B
Intangible Assets
¥976M
¥643M
¥596M
¥575M
¥519M
Deferred Tax Assets
¥579M
¥534M
¥506M
¥540M
¥495M
Total Liabilities
¥10.9B
¥9.7B
¥8.2B
¥6.9B
¥6.3B
Current Liabilities
¥9.3B
¥8.2B
¥6.8B
¥5.2B
¥4.6B
ST Debt
¥500M
¥500M
¥600M
¥600M
¥600M
Taxes Payable
¥1.6B
¥1.7B
¥1.0B
¥802M
¥373M
Non-Current Liabilities
¥1.6B
¥1.5B
¥1.4B
¥1.7B
¥1.7B
Pension Obligations
¥1.2B
¥1.1B
¥1.1B
¥1.0B
¥1.0B
Total Equity
¥40.1B
¥35.6B
¥31.9B
¥29.2B
¥27.1B
Capital Stock
¥3.6B
¥3.6B
¥3.6B
¥3.6B
¥3.6B
Capital Surplus
¥3.9B
¥3.9B
¥3.9B
¥3.9B
¥3.9B
Retained Earnings
¥32.1B
¥27.6B
¥24.1B
¥21.6B
¥19.8B
Treasury Stock
¥-155M
¥-146M
¥-133M
¥-125M
¥-123M
AOCI
¥596M
¥597M
¥349M
¥220M
¥-47M
Equity (owners)
¥39.5B
¥35.0B
¥31.5B
¥29.0B
¥27.2B
Total Interest-Bearing Debt ⓘ
¥500M
¥500M
¥600M
¥600M
¥600M
Net Cash ⓘ
¥4.0B
¥5.2B
¥5.1B
¥3.8B
¥1.7B
NCAV ⓘ
¥21.7B
¥18.4B
¥16.0B
¥13.5B
¥12.1B
NCAV/Share
¥4,252
¥3,611
¥3,130
¥2,646
¥2,369
BV/Share
¥7,746
¥6,862
¥6,189
¥5,688
¥5,331
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥7.5B
¥3.5B
¥4.4B
¥2.1B
¥3.3B
Interest Paid
¥-4M
¥-2M
¥-1M
¥-1M
¥-1M
Interest Received
¥21M
¥12M
¥5M
¥4M
¥6M
D&A
¥2.0B
¥2.0B
¥2.0B
¥1.8B
¥1.5B
Investing CF
¥-6.7B
¥-1.8B
¥-1.9B
¥-2.1B
¥-7.3B
CapEx
¥2.4B
¥2.8B
¥1.9B
¥2.1B
¥3.3B
Financing CF
¥-2.0B
¥-1.8B
¥-1.1B
¥-757M
¥-526M
Dividends Paid
¥-2.0B
¥-1.6B
¥-1.1B
¥-739M
¥-509M
Share Buybacks
¥-8M
¥-13M
¥-7M
¥-2M
¥-2M
Free Cash Flow
¥5.1B
¥689M
¥2.5B
¥75M
¥5M
Net Change in Cash
¥-1.2B
¥-31M
¥1.3B
¥-683M
¥-4.7B
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
17.2%
15.0%
12.0%
9.1%
6.7%
ROA
13.5%
11.9%
9.6%
7.4%
5.3%
EPS
¥127.52
¥995.18
¥720.48
¥502.73
¥347.94
DPS
¥390.00
¥360.00
¥270.00
¥185.00
¥120.00
BPS
¥786.34
¥6,979.78
¥6,257.43
¥5,731.99
¥5,321.59
FCF/Share
¥999
¥135
¥489
¥15
¥1
NCAV/Share
¥4,252
¥3,611
¥3,130
¥2,646
¥2,369
Payout Ratio
305.8%
36.2%
37.5%
36.8%
34.5%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 3
Date Activist Stake Event Flag Demands Source
2025-08-27
Mitsubishi Corporation
7.26%
-2.88%
decrease
Passive
—
2025-07-30
Mitsubishi Corporation
10.14%
decrease
Passive
—
2023-07-07
Cornwall Capital Management LP
—
exit
Passive
—
Top 10 Shareholders
Ownership DNA
#
Shareholder
Shares (thou.)
% of Total
1
AGC株式会社
2,692,009
52.83%
2
三菱商事株式会社
372,604
7.31%
3
株式会社萬富
141,400
2.77%
4
楽天証券株式会社共有口
41,500
0.81%
5
株式会社合同資源
40,000
0.78%
6
株式会社SBI証券
37,336
0.73%
7
UBS AG LONDON ASIA EQUITIES
37,300
0.73%
8
BARCLAYS CAPITAL SECURITIES LIMITED
27,003
0.53%
9
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
25,700
0.50%
10
BNY GCM CLIENT ACCOUNT JPRD AC ISG(FE-AC)
24,824
0.49%
Domestic Nominees
0.5%
+0.5% 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
67.0%
-4.8% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
AGC
52.82%
52.83%
52.83%
三菱商事
11.33%
11.33%
7.31%
-4.02%
式会社萬富
2.77%
2.77%
2.77%
楽天証券株式会社共有口
NEW ENTRY
—
—
—
0.81%
NEW
式会社合同資源
0.78%
0.78%
0.78%
UBS AG LONDON ASIA EQUITIES
—
0.46%
0.73%
+0.27%
式会社SBI証券
↑
—
0.46%
0.73%
+0.27%
BARCLAYS CAPITAL SECURITIES LIMITED
NEW ENTRY
—
—
—
0.53%
NEW
日本カストディ銀行
NEW ENTRY
—
—
—
0.50%
NEW
BNY GCM CLIENT ACCOUNT JPRD AC ISG(FE-AC)
NEW ENTRY
—
—
—
0.49%
NEW
BNYM SA/NV FOR BNYM FOR BNY GCM CLIENT ACCOUNTS M LSCB RD
last seen 2024
Exited Top 10
—
1.71%
—
BNYM SA/NV FOR BNYM FOR BNYM GCM CLIENT ACCTS M ILM FE
last seen 2024
Exited Top 10
—
0.65%
—
楽天証券
last seen 2024
Exited Top 10
0.41%
0.51%
—
瀬川祥子
last seen 2024
Exited Top 10
0.39%
0.28%
—
UBS AG LONDON A/C IPB SEGREGATED CLIENT ACCOUNT
last seen 2023
Exited Top 10
0.98%
—
—
NATIONAL FINANCIAL SERVICES LLC
last seen 2023
Exited Top 10
0.52%
—
—
MORGAN STANLEY & CO. LLC
last seen 2023
Exited Top 10
0.49%
—
—
GOLDMAN SACHS BANK EUROPE SE
last seen 2023
Exited Top 10
0.54%
—
—
Concentration (HHI)
ⓘ
2929
2932
2855
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved