4216
ASAHI YUKIZAI CORPORATION
旭有機材株式会社
Chemicals
Asahi Yukizai Corporation, together with its subsidiaries, engages in the piping system, resin, and water treatment and resource development businesses in Japan. The company offers ASAHIAV manual and automatic valves, and vinyl pipes and fittings; Dymatrix high performance resin valves products for semiconductor and flat panel display process needs; Falconics flow control systems; and various mixers; and provides services, including tank design and manufacturing, piping design and construction, piping prefabricated and processed product manufacturing, structural and piping stress analysis, supervisor dispatch, and piping deterioration diagnosis. It also provides phenolic resin products used in the casting process, photoresist, and various fields; resin-coated sand and aggregate products used in molds; and urethane insulation and urethane products for housing, construction, and civil engineering fields. In addition, the company engages in the development and supply of hydrothermal resources; design and construction of water utility facilities and reuse of wastewater; industrial water and wastewater treatment; and provision of maintenance and management services. The company was formerly known as Asahi Organic Chemicals Industry Co., Ltd. and changed its name to Asahi Yukizai Corporation in April 2016. Asahi Yukizai Corporation was incorporated in 1945 and is headquartered in Tokyo, Japan.
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Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
¥80.1B
¥85.2B
¥87.4B
¥77.1B
¥64.7B
Cost of Sales
¥50.6B
¥52.2B
¥51.8B
¥47.4B
¥43.1B
Gross Profit
¥29.5B
¥32.9B
¥35.7B
¥29.7B
¥21.6B
SG&A
¥21.9B
¥21.8B
¥20.1B
¥17.8B
¥15.0B
Operating Income
¥7.6B
¥11.1B
¥15.6B
¥11.9B
¥6.6B
Non-Operating Income
¥511M
¥296M
¥545M
¥303M
¥524M
Dividend Income
—
¥103M
¥109M
¥139M
¥119M
Interest Income
—
¥47M
¥35M
¥20M
¥10M
Non-Operating Expenses
—
¥166M
¥45M
¥110M
¥86M
Interest Expense
—
¥42M
¥16M
¥27M
¥23M
Ordinary Income
¥8.0B
¥11.2B
¥16.1B
¥12.1B
¥7.0B
Pre-tax Income
¥5.8B
¥10.9B
¥16.0B
¥12.0B
¥6.8B
Current Tax
—
¥3.0B
¥4.3B
¥3.7B
¥2.2B
Deferred Tax
—
¥8M
¥133M
¥-1.1B
¥-259M
Net Income (owners)
¥3.3B
¥7.6B
¥11.4B
¥9.4B
¥4.8B
Minority Interest
—
¥186M
¥141M
¥43M
¥41M
Comprehensive Income
—
¥9.8B
¥12.9B
¥10.6B
¥5.6B
EBITDA
¥11.0B
¥14.0B
¥17.9B
¥14.2B
¥8.8B
Goodwill Amort. (J-GAAP)
—
¥77M
¥95M
¥101M
¥108M
EPS
¥177.05
¥401.28
¥594.32
¥491.99
¥249.21
Shares Outstanding
—
18.9M
19.2M
19.4M
19.2M
Shares Issued (total)
—
19.8M
19.8M
19.8M
19.8M
Treasury Shares
—
0.9M
0.6M
0.4M
0.6M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥108.6B
¥105.8B
¥101.4B
¥86.3B
¥74.9B
Current Assets
¥66.1B
¥69.6B
¥66.7B
¥55.7B
¥47.8B
Cash & Deposits
¥23.2B
¥24.1B
¥18.8B
¥13.9B
¥14.3B
Trade Receivables
—
¥12.1B
¥10.1B
¥10.1B
¥8.7B
Non-Current Assets
¥42.4B
¥36.2B
¥34.7B
¥30.5B
¥27.1B
PP&E
¥30.0B
¥26.8B
¥24.3B
¥20.9B
¥18.0B
Goodwill
—
¥741M
¥816M
¥909M
¥968M
Intangible Assets
—
¥2.4B
¥2.7B
¥2.4B
¥2.2B
Investment Securities
¥4.6B
¥2.4B
¥3.1B
¥3.0B
¥3.3B
Deferred Tax Assets
—
¥907M
¥933M
¥1.0B
¥184M
Total Liabilities
¥27.0B
¥27.5B
¥29.7B
¥25.1B
¥23.1B
Current Liabilities
¥17.4B
¥20.2B
¥24.4B
¥20.8B
¥18.4B
Accounts Payable
—
¥5.6B
¥6.9B
¥7.3B
¥6.2B
ST Debt
¥2.8B
¥3.7B
¥4.2B
¥2.0B
¥2.6B
Taxes Payable
—
¥796M
¥1.4B
¥2.0B
¥1.7B
Non-Current Liabilities
¥9.6B
¥7.3B
¥5.3B
¥4.3B
¥4.7B
Total LT Borrowings
¥3.7B
¥2.2B
—
¥203M
¥195M
Pension Obligations
—
¥1.9B
¥2.0B
¥1.9B
¥1.8B
Deferred Tax Liab.
—
¥906M
¥953M
¥745M
¥1.1B
Total Equity
¥81.6B
¥78.3B
¥71.7B
¥61.2B
¥51.9B
Capital Stock
—
¥5.0B
¥5.0B
¥5.0B
¥5.0B
Capital Surplus
—
¥8.5B
¥8.6B
¥8.6B
¥8.5B
Retained Earnings
¥61.4B
¥60.3B
¥54.7B
¥45.0B
¥36.9B
Treasury Stock
—
¥-2.8B
¥-1.9B
¥-1.2B
¥-1.1B
AOCI
—
¥6.6B
¥4.6B
¥3.2B
¥2.1B
Equity (owners)
¥72.2B
¥71.1B
¥66.4B
¥57.4B
¥49.3B
Minority Interests
—
¥626M
¥723M
¥566M
¥504M
Total Interest-Bearing Debt ⓘ
¥6.5B
¥5.9B
¥4.2B
¥2.2B
¥2.8B
Net Cash ⓘ
¥16.7B
¥18.2B
¥14.6B
¥11.7B
¥11.5B
NCAV ⓘ
¥39.2B
¥42.1B
¥37.0B
¥30.6B
¥24.8B
NCAV/Share
—
¥2,221
¥1,927
¥1,583
¥1,288
BV/Share
—
¥3,753
¥3,460
¥2,968
¥2,561
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥10.4B
¥11.3B
¥9.7B
¥5.8B
¥7.2B
Taxes Paid
—
¥-3.7B
¥-4.9B
¥-3.5B
¥-829M
Interest Paid
—
¥-42M
¥-9M
¥-27M
¥-23M
Interest Received
—
¥148M
¥128M
¥157M
¥127M
D&A
¥3.4B
¥2.8B
¥2.2B
¥2.1B
¥2.1B
Goodwill Amort.
—
¥77M
¥95M
¥101M
¥108M
Investing CF
¥-9.5B
¥-5.2B
¥-4.6B
¥-4.8B
¥-1.7B
CapEx
¥8.7B
¥5.4B
¥4.1B
¥4.4B
¥1.5B
Purchase Investments
—
¥0M
¥0M
¥0M
¥0M
Proceeds from Invest.
—
¥376M
¥0M
¥57M
¥8M
Financing CF
¥-1.7B
¥-1.6B
¥-546M
¥-1.9B
¥-2.1B
Dividends Paid
—
¥-2.0B
¥-1.7B
¥-1.3B
¥-962M
Share Buybacks
—
¥-966M
¥-734M
¥-1M
¥-1M
LT Debt Repaid
—
¥-200M
¥-239M
¥-42M
¥-90M
Free Cash Flow
¥1.8B
¥5.9B
¥5.6B
¥1.4B
¥5.7B
Net Change in Cash
—
¥5.3B
¥4.8B
¥-383M
¥3.9B
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
4.2%
10.3%
17.3%
16.8%
9.7%
ROA
3.1%
7.4%
12.1%
11.7%
6.4%
EPS
¥177.05
¥401.28
¥594.32
¥491.99
¥249.21
DPS
¥60.00
¥110.00
¥100.00
¥70.00
¥60.00
BPS
¥4,305.90
¥4,133.27
¥3,734.61
¥3,163.80
¥2,681.92
FCF/Share
—
¥313
¥292
¥74
¥295
NCAV/Share
—
¥2,221
¥1,927
¥1,583
¥1,288
Payout Ratio
33.9%
27.4%
16.8%
14.2%
24.1%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 10
Date Activist Stake Event Flag Demands Source
2026-05-22
Capital Research and Management Company
2.79%
-2.4%
change
Passive
—
2026-04-22
Capital Research and Management Company
5.19%
-1.92%
change
Passive
—
2025-07-23
Capital Research and Management Company
7.11%
change
Passive
—
2025-04-07
Capital Research and Management Company
7.11%
change
Passive
—
2024-12-26
Capital Research and Management Company
7.11%
correction
Passive
—
2024-11-22
Capital Research and Management Company
7.11%
change
Passive
—
2024-09-06
Capital Research and Management Company
7.11%
change
Passive
—
2024-07-05
Capital Research and Management Company
7.11%
change
Passive
—
2024-07-05
Capital Research and Management Company
7.11%
correction
Passive
—
2024-06-07
Capital Research and Management Company
5.76%
initial_5pct
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 1
#
Shareholder
Shares (thou.)
% of Total
1
旭化成株式会社
5,839,334
30.80%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社(信託口)
1,710,600
9.00%
3
STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行決済営業部)
1,425,929
7.50%
4
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
883,720
4.70%
5
株式会社宮崎銀行
491,763
2.60%
6
STATE STREET BANK AND TRUST COMPANY 510312(常任代理人 株式会社みずほ銀行決済営業部)
369,510
2.00%
7
日本生命保険相互会社
356,177
1.90%
8
MSIP CLIENT SECURITIES(常任代理人 モルガン・スタンレーMUFG証券株式会社)
317,700
1.70%
9
STATE STREET BANK AND TRUST COMPANY 510311(常任代理人 株式会社みずほ銀行決済営業部)
302,390
1.60%
10
新旭株式会社
199,200
1.10%
Domestic Nominees
13.7%
-1.4% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
-3.3% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
49.2%
+11.1% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
旭化成
30.20%
30.40%
30.80%
+0.40%
日本マスタートラスト信託銀行
9.20%
9.70%
9.00%
-0.70%
STATE STREET BANK AND TRUST COMPANY 505001
NEW ENTRY
—
—
—
7.50%
NEW
日本カストディ銀行
7.40%
5.40%
4.70%
-0.70%
式会社宮崎銀行
2.50%
2.60%
2.60%
STATE STREET BANK AND TRUST COMPANY 510312
NEW ENTRY
—
—
—
2.00%
NEW
日本生命保険
1.80%
1.90%
1.90%
MSIP CLIENT SECURITIES
NEW ENTRY
—
—
—
1.70%
NEW
STATE STREET BANK AND TRUST COMPANY 510311
NEW ENTRY
—
—
—
1.60%
NEW
新旭
1.00%
1.00%
1.10%
+0.10%
State Street
last seen 2024
Exited Top 10
—
2.40%
—
RE FUND 107-CLIENT AC
last seen 2024
Exited Top 10
1.90%
1.30%
—
JP Morgan
last seen 2024
Exited Top 10
—
0.90%
—
旭有機材従業員持株会
last seen 2024
Exited Top 10
1.00%
0.90%
—
DFA INTL SMALL CAP VALUE PORTFOLIO
last seen 2023
Exited Top 10
1.30%
—
—
住友金属鉱山
last seen 2023
Exited Top 10
0.90%
—
—
Concentration (HHI)
ⓘ
1069
1068
1129
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥279M
-82% since 2023
Holdings
1
3 exited
Trend
Stable
vs 2023
Held Company
FY2025
¥279M total
FY2023
¥1,552M total
Book Val ¥M
Shares
Book Val ¥M
Shares
The Miyazaki Bank,Ltd.
㈱宮崎銀行
279
84,413
198
84,413
M
Sumitomo Metal Mining Co., Ltd.
住友金属鉱山㈱
—
−100%
Exit
—
1,303
258,000
M
Mitsui Chemicals, Inc.
三井化学㈱
—
−100%
Exit
—
33
9,702
OTAKE CORPORATION
㈱オータケ
—
−100%
Exit
—
18
11,000
Portfolio total
279
1,552
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding