4361
Kawaguchi Chemical Industry Co.
川口化学工業株式会社
Chemicals
Kawaguchi Chemical Industry Co., Ltd manufactures and sells chemicals in Japan, the rest of Asia, and internationally. It operates through the Industrial Chemicals Business and Real Estate Rental Business segments. The company offers organic rubber chemicals, such as vulcanization accelerators, antioxidants, curing agents, and other rubber chemicals; and plastic chemicals, including antioxidants and polymerization inhibitors. It also provides dyes and pigment, pharmaceutical, and agrochemical intermediates; photo chemicals; and lubricant additives and corrosion inhibitors. Kawaguchi Chemical Industry Co., Ltd was founded in 1935 and is headquartered in Chiyoda, Japan.
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⚠ TSE Capital Mandate
P / Book
0.56×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
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
¥8.8B
¥8.9B
¥8.6B
¥8.4B
¥7.9B
Cost of Sales
¥7.2B
¥7.3B
¥7.1B
¥6.9B
¥6.4B
Gross Profit
¥1.6B
¥1.6B
¥1.5B
¥1.5B
¥1.6B
SG&A
¥1.2B
¥1.2B
¥1.2B
¥1.2B
¥1.2B
Operating Income
¥427M
¥378M
¥354M
¥294M
¥381M
Non-Operating Income
¥16M
¥38M
¥16M
¥27M
¥23M
Dividend Income
¥2M
¥2M
¥3M
¥3M
¥2M
Interest Income
¥3M
¥4M
¥2M
¥2M
¥1M
Non-Operating Expenses
¥38M
¥26M
¥25M
¥18M
¥18M
Interest Expense
¥38M
¥22M
¥18M
¥17M
¥17M
Ordinary Income
¥405M
¥390M
¥345M
¥303M
¥386M
Pre-tax Income
¥404M
¥433M
¥342M
¥283M
¥394M
Income Taxes
¥106M
¥96M
¥86M
¥65M
¥113M
Current Tax
¥68M
¥72M
¥58M
¥64M
¥91M
Deferred Tax
¥38M
¥25M
¥28M
¥1M
¥21M
Net Income (owners)
¥298M
¥336M
¥256M
¥219M
¥281M
Comprehensive Income
¥324M
¥305M
¥288M
¥220M
¥317M
EBITDA
¥854M
¥782M
¥760M
¥690M
¥759M
EPS
¥245.11
¥276.22
¥209.88
¥179.75
¥230.99
Shares Outstanding
1.2M
1.2M
1.2M
1.2M
1.2M
Shares Issued (total)
1.2M
1.2M
1.2M
1.2M
1.2M
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
¥8.9B
¥8.5B
¥8.3B
¥8.3B
¥7.9B
Current Assets
¥6.4B
¥6.3B
¥6.0B
¥5.9B
¥5.4B
Cash & Deposits
¥1.2B
¥745M
¥1.0B
¥911M
¥1.3B
Trade Receivables
¥3.0B
¥3.2B
¥2.9B
¥2.6B
¥2.3B
Non-Current Assets
¥2.5B
¥2.2B
¥2.3B
¥2.4B
¥2.5B
PP&E
¥2.3B
¥2.1B
¥2.1B
¥2.2B
¥2.3B
Intangible Assets
¥10M
¥13M
¥18M
¥17M
¥14M
Investment Securities
¥69M
¥55M
¥106M
¥77M
¥99M
Deferred Tax Assets
¥3M
¥45M
¥55M
¥92M
¥86M
Total Liabilities
¥5.7B
¥5.6B
¥5.7B
¥5.9B
¥5.6B
Current Liabilities
¥4.3B
¥4.9B
¥4.8B
¥4.4B
¥4.5B
ST Debt
¥2.3B
¥2.6B
¥2.6B
¥2.1B
¥2.5B
Taxes Payable
¥38M
¥53M
¥36M
¥30M
¥90M
Non-Current Liabilities
¥1.5B
¥762M
¥940M
¥1.5B
¥1.1B
Total LT Borrowings
¥1.3B
¥453M
¥535M
¥965M
¥580M
Pension Obligations
—
¥110M
¥195M
¥291M
¥275M
Total Equity
¥3.1B
¥2.9B
¥2.6B
¥2.4B
¥2.3B
Capital Stock
¥610M
¥610M
¥610M
¥610M
¥610M
Capital Surplus
¥58M
¥58M
¥58M
¥58M
¥58M
Retained Earnings
¥2.4B
¥2.2B
¥1.9B
¥1.7B
¥1.5B
Treasury Stock
¥-8M
¥-8M
¥-8M
¥-8M
¥-8M
AOCI
¥92M
¥66M
¥97M
¥65M
¥64M
Equity (owners)
¥3.0B
¥2.8B
¥2.5B
¥2.3B
¥2.2B
Total Interest-Bearing Debt ⓘ
¥3.5B
¥3.1B
¥3.1B
¥3.0B
¥3.1B
Net Cash ⓘ
¥-2.3B
¥-2.3B
¥-2.1B
¥-2.1B
¥-1.8B
NCAV ⓘ
¥637M
¥689M
¥314M
¥-24M
¥-240M
NCAV/Share
¥523
¥566
¥258
¥-20
¥-197
BV/Share
¥2,499
¥2,314
¥2,087
¥1,927
¥1,798
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥830M
¥143M
¥470M
¥-21M
¥785M
Interest Paid
¥-37M
¥-22M
¥-18M
¥-17M
¥-17M
Interest Received
¥6M
¥6M
¥5M
¥5M
¥3M
D&A
¥427M
¥404M
¥406M
¥396M
¥378M
Investing CF
¥-739M
¥-305M
¥-370M
¥-243M
¥-246M
CapEx
¥737M
¥357M
¥377M
¥241M
¥261M
Proceeds from Invest.
—
¥45M
—
—
¥2M
Financing CF
¥360M
¥-139M
¥21M
¥-162M
¥-119M
Dividends Paid
¥-73M
¥-61M
¥-61M
¥-61M
¥-36M
Share Buybacks
¥-0M
¥-0M
—
¥-0M
¥-0M
LT Debt Repaid
¥-479M
¥-431M
¥-101M
¥-587M
¥-73M
Free Cash Flow
¥93M
¥-214M
¥93M
¥-261M
¥524M
Net Change in Cash
¥468M
¥-299M
¥133M
¥-409M
¥437M
Metric
FY 2025
EDINET ↗
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
9.9%
12.2%
10.1%
9.4%
13.3%
ROA
3.4%
4.0%
3.1%
2.7%
3.6%
EPS
¥245.11
¥276.22
¥209.88
¥179.75
¥230.99
DPS
¥60.00
¥60.00
¥50.00
¥50.00
¥50.00
BPS
¥2,574.02
¥2,367.69
¥2,167.14
¥1,980.62
¥1,850.07
FCF/Share
¥76
¥-176
¥76
¥-215
¥430
NCAV/Share
¥523
¥566
¥258
¥-20
¥-197
Payout Ratio
24.5%
21.7%
23.8%
27.8%
21.6%
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 9
Date Activist Stake Event Flag Demands Source
2026-02-13
Masaki Shoji Co., Ltd. Representative DIrector Shiro Yamada
5.81%
-1.15%
change
Passive
—
2026-01-28
Masaki Shoji Co., Ltd. Representative DIrector Shiro Yamada
9.43%
+1.18%
correction
Passive
—
2026-01-28
Masaki Shoji Co., Ltd. Representative DIrector Shiro Yamada
8.25%
correction
Passive
—
2026-01-28
Masaki Shoji Co., Ltd. Representative DIrector Shiro Yamada
9.43%
+1.18%
correction
Passive
—
2026-01-28
Masaki Shoji Co., Ltd. Representative DIrector Shiro Yamada
8.25%
correction
Passive
—
2026-01-28
Masaki Shoji Co., Ltd. Representative DIrector Shiro Yamada
6.96%
-1.29%
change
Passive
—
2026-01-23
Masaki Shoji Co., Ltd. Representative DIrector Shiro Yamada
8.81%
correction
Passive
—
2026-01-23
Masaki Shoji Co., Ltd. Representative DIrector Shiro Yamada
6.96%
-1.85%
change
Passive
—
2026-01-19
Masaki Shoji Co., Ltd. Representative DIrector Shiro Yamada
8.92%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 5
#
Shareholder
Shares (thou.)
% of Total
1
山田化成株式会社
201
16.60%
2
正喜商事株式会社
121
9.90%
3
いずも産業株式会社
44
3.60%
4
山田史郎
28
2.30%
5
今川和明
25
2.10%
6
Mitsui Chemicals, Inc.
三井化学株式会社
25
2.10%
7
山田善大
20
1.70%
8
久枝進二
20
1.60%
9
両角義信
20
1.60%
10
平峯 直
17
1.40%
Domestic Nominees
0.0%
+0.0% 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
42.9%
+0.2% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
山田化成
16.60%
16.60%
16.60%
正喜商事
9.90%
9.90%
9.90%
いずも産業
3.40%
3.60%
3.60%
山田史郎
2.30%
2.30%
2.30%
Mitsui Chemicals, Inc.
三井化学
2.10%
2.10%
2.10%
今川和明
2.10%
2.10%
2.10%
山田善大
1.70%
1.70%
1.70%
両角義信
1.60%
1.60%
1.60%
久枝進二
NEW ENTRY
—
—
—
1.60%
NEW
平峯 直
—
1.40%
1.40%
高原哲也
last seen 2024
Exited Top 10
1.40%
1.40%
—
佐野史哉
last seen 2023
Exited Top 10
1.60%
—
—
Concentration (HHI)
ⓘ
409
410
411
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥66M
-36% since 2023
Holdings
5
1 exited
Trend
1 building
vs 2023
Held Company
FY2025
¥66M total
FY2023
¥103M total
Book Val ¥M
Shares
Book Val ¥M
Shares
Mitsubishi Chemical Gloup Corporation
三菱ケミカルグループ㈱
42
47,450
46
47,450
NISHIKAWA RUBBER CO., LTD.
西川ゴム工業㈱
10
+100.0%
↑
3,346
3
1,673
Mitsui Chemicals, Inc.
三井化学㈱
9
2,200
10
2,200
M
Sumitomo Riko Company Limited
住友理工㈱
4
1,667
2
1,667
OKAMOTO INDUSTRIES,INC.
オカモト㈱
1
200
1
200
JSR Corporation
JSR㈱
—
−100%
Exit
—
42
10,255
Portfolio total
66
103
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding