8113
UNICHARM CORPORATION
ユニ・チャーム株式会社
Chemicals
Unicharm Corporation engages in the manufacturing and sale of pet care and related products in Japan and internationally. The company operates through Personal Care, Pet Care, and Others segments. It offers wellness care, feminine care, baby and child care products, as well as food-packaging materials, etc. The company also provides napkin-type incontinence pads, pants-type diapers, tape-type diapers, pants-type specialized urine pads, and tape-type specialized urine pads under the Lifree brand name; specialized liners for incontinence care under the Charm Nap brand name; fabric and facial masks under the Chorittai and Chokaiteki Mask brand name; Home care products under Wave brand; and kitchen paper towel under the Cook Up brand name. In addition, it offers pet food under the Pet Dog Genki, Pet Cat Genki, Grand Deli, Best Balance, Silver Spoon, Silver Plate, AllWell, and Physicalife brand names, as well as excrement cleanup sheets, disposable diapers, apparel-like absorption wear for excretion-care for dogs, and Deo-Sand series and Deo-Toilet system products for cats. Further, the company provides feminine care products including feminine napkins, tampons, sanitary shorts, and panty liners under the Sofy and Silcot names; and disposable baby diaper under the Moony, Mamy Poko, Trepanman, and Oyasuminman brands. Additionally, it is involved in recycling of disposable diapers, as well as offering products under RefF brand. Unicharm Corporation was incorporated in 1941 and is headquartered in Minato, Japan.
Price
¥948
Market Cap
¥1.6T
Ent. Value
¥1.4T
Net Cash
¥242.0B
Shares Out.
1.7B
P / E
25.4×
EV / EBIT
—
P / Book
—
P / NCAV
5.33×
Div. Yield
1.90%
Financials
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Net Sales | ¥945.3B | ¥989.0B | ¥941.8B | ¥898.0B | ¥782.7B |
| Cost of Sales | ¥575.7B | ¥599.1B | ¥590.3B | ¥569.4B | ¥469.1B |
| Gross Profit | ¥369.6B | ¥389.9B | ¥351.5B | ¥328.6B | ¥313.6B |
| SG&A | ¥260.7B | ¥251.4B | ¥223.6B | ¥209.0B | ¥191.2B |
| Non-Operating Income | ¥7.3B | ¥9.7B | ¥6.6B | ¥4.6B | ¥5.2B |
| Interest Income | ¥5.7B | ¥8.8B | ¥5.8B | ¥3.8B | ¥3.0B |
| Non-Operating Expenses | ¥3.9B | ¥9.9B | ¥5.0B | ¥4.1B | ¥1.5B |
| Pre-tax Income | ¥105.4B | ¥134.5B | ¥132.3B | ¥115.7B | ¥122.0B |
| Net Income (owners) | ¥65.2B | ¥81.8B | ¥86.1B | ¥67.6B | ¥72.7B |
| Minority Interest | ¥5.6B | ¥13.4B | ¥11.9B | ¥10.8B | ¥10.9B |
| Comprehensive Income | ¥78.3B | ¥139.7B | ¥138.2B | ¥114.6B | ¥115.6B |
| EPS | ¥37.30 | ¥46.41 | ¥145.42 | ¥113.61 | ¥121.78 |
| Shares Outstanding | 1.74B | 586.4M | 590.2M | 593.3M | 596.2M |
| Shares Issued (total) | 1.86B | 620.8M | 620.8M | 620.8M | 620.8M |
| Treasury Shares | 122.6M | 34.5M | 30.6M | 27.6M | 24.7M |
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥1,223.2B | ¥1,240.0B | ¥1,133.6B | ¥1,049.2B | ¥987.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥641.6B | ¥671.0B | ¥638.9B | ¥603.8B | ¥547.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥253.1B | ¥261.1B | ¥253.8B | ¥217.2B | ¥187.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥581.5B | ¥568.9B | ¥494.7B | ¥445.5B | ¥439.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥275.7B | ¥293.2B | ¥285.6B | ¥271.7B | ¥271.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥50.5B | ¥50.1B | ¥45.3B | ¥45.0B | ¥42.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥97.1B | ¥101.1B | ¥95.7B | ¥90.5B | ¥85.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥17.0B | ¥16.3B | ¥13.9B | ¥14.9B | ¥13.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥331.9B | ¥366.3B | ¥345.4B | ¥340.6B | ¥352.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥263.9B | ¥301.6B | ¥270.1B | ¥256.7B | ¥274.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥3.5B | ¥21.0B | ¥15.0B | ¥10.8B | ¥33.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥68.0B | ¥64.7B | ¥75.3B | ¥83.9B | ¥77.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥7.6B | ¥5.9B | ¥13.6B | ¥16.2B | ¥4.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥15.3B | ¥14.1B | ¥18.0B | ¥24.9B | ¥24.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥891.3B | ¥873.7B | ¥788.2B | ¥708.6B | ¥635.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥11.6B | ¥11.4B | ¥10.3B | ¥15.2B | ¥14.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥801.4B | ¥766.3B | ¥710.8B | ¥644.9B | ¥599.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-140.4B | ¥-119.4B | ¥-100.6B | ¥-83.7B | ¥-68.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥106.2B | ¥98.7B | ¥59.2B | ¥26.5B | ¥-4.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥794.7B | ¥773.1B | ¥695.7B | ¥618.9B | ¥557.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥96.6B | ¥100.6B | ¥92.5B | ¥89.7B | ¥77.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥11.1B | ¥26.9B | ¥28.6B | ¥27.0B | ¥38.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥242.0B | ¥234.2B | ¥225.2B | ¥190.1B | ¥149.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥309.7B | ¥304.8B | ¥293.5B | ¥263.2B | ¥195.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥178 | ¥520 | ¥497 | ¥444 | ¥328 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥457 | ¥1,318 | ¥1,179 | ¥1,043 | ¥935 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥131.5B | ¥137.1B | ¥162.4B | ¥92.2B | ¥105.3B |
| D&A | ¥47.8B | ¥46.5B | ¥43.3B | ¥41.5B | ¥37.9B |
| Investing CF | ¥-58.7B | ¥-73.8B | ¥-67.5B | ¥-7.1B | ¥-79.8B |
| Financing CF | ¥-83.9B | ¥-66.8B | ¥-67.0B | ¥-61.7B | ¥-45.2B |
| Free Cash Flow | ¥131.5B | ¥137.1B | ¥162.4B | ¥92.2B | ¥105.3B |
| Net Change in Cash | ¥-8.0B | ¥7.3B | ¥36.6B | ¥29.6B | ¥-12.0B |
| Metric |
FY 2025
EDINET ↗ |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 7.4% | 9.8% | 11.5% | 10.1% | 11.4% |
| ROA | 5.3% | 6.9% | 7.9% | 6.6% | 7.4% |
| EPS | ¥37.30 | ¥46.41 | ¥145.42 | ¥113.61 | ¥121.78 |
| DPS | ¥18.00 | ¥44.00 | ¥40.00 | ¥38.00 | ¥36.00 |
| FCF/Share | ¥76 | ¥234 | ¥275 | ¥155 | ¥177 |
| NCAV/Share | ¥178 | ¥520 | ¥497 | ¥444 | ¥328 |
| Payout Ratio | 48.3% | 94.8% | 27.5% | 33.4% | 29.6% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 3
| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 | ユニテック(株) | 464,870 | 26.72% |
| 2 |
Japan Master Trust Bank
日本マスタートラスト信託銀行(株)(信託口)
|
174,952 | 10.06% |
| 3 | 高原基金(株) | 84,240 | 4.84% |
| 4 |
Japan Custody Bank
(株)日本カストディ銀行(信託口)
|
61,467 | 3.53% |
| 5 |
Custody Bank of Japan, Ltd. (Trust Account)
(株)伊予銀行 (常任代理人 (株)日本カストディ銀行)
|
45,900 | 2.64% |
| 6 | 日本生命保険(相) (常任代理人 日本マスタートラスト信託銀行(株)) | 36,566 | 2.10% |
| 7 | JP MORGAN CHASE BANK 385864 (常任代理人 (株)みずほ銀行決済営業部) | 30,662 | 1.76% |
| 8 | STATE STREET BANK AND TRUST COMPANY 505223 (常任代理人 (株)みずほ銀行決済営業部) | 28,539 | 1.64% |
| 9 |
THE BANK OF NEW YORK MELLON AS DEPOSITARY BANK FOR DEPOSITARY RECEIPT HOLDERS
THE BANK OF NEW YORK MELLON AS DEPOSITARY BANK FOR DEPOSITARY RECEIPT HOLDERS (常任代理人 (株)みずほ銀行決済営業部)
|
23,490 | 1.35% |
| 10 |
STATE STREET BANK AND TRUST COMPANY
STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人 (株)みずほ銀行決済営業部)
|
19,217 | 1.10% |
as of 2025-12-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
16.2%
-1.4% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
-2.1% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
39.5%
+1.7% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 55.7% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| ユニテック | 26.25% | 26.43% | 26.72% +0.29% | |
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 13.66% | 10.87% | 10.06% -0.81% | |
| Japan Custody Bank 日本カストディ銀行 | 4.24% | 6.73% | 6.17% -0.56% | |
| JP MORGAN CHASE BANK みずほ銀行 | 2.96% | 4.55% | 5.85% +1.30% | |
| 高原基金 | 4.76% | 4.79% | 4.84% +0.05% | |
| 日本生命保険 | 2.07% | 2.08% | 2.10% +0.02% | |
| Northern Trust last seen 2024 | Exited Top 10 | — | 2.11% | — |
| 伊予銀行 日本カストディ 銀行) last seen 2023 | Exited Top 10 | 2.59% | — | — |
| 三菱UFJ銀行 last seen 2023 | Exited Top 10 | 1.95% | — | — |
| Concentration (HHI) ⓘ | 940 | 914 | 915 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥21,294M
+43% since 2023
Holdings
23
+3 new
4 exited
Trend
1 unwinding
vs 2023
| Held Company | FY2025 ¥21,294M total | FY2023 ¥14,859M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
|
9,586 |
+100.0%
↑
2,438,000
|
5,112 | 1,219,000 | M |
|
Iyogin Holdings,Inc.
㈱いよぎんホールディングス
|
2,597 |
1,017,640
|
964 | 1,017,640 | M |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
2,254 |
NEW
New
904,050
|
— | M | |
|
AEON Co.,Ltd.
イオン㈱
|
1,894 |
+206.1%
↑
764,682
|
787 | 249,835 | |
|
Hirogin Holdings, Inc.
㈱ひろぎんホールディングス
|
1,325 |
837,550
|
756 | 837,550 | M |
|
ZUIKO CORPORATION
㈱瑞光
|
992 |
980,400
|
1,769 | 980,400 | M |
|
ARATA CORPORATION
㈱あらた
|
695 |
-50.0%
↓
225,590
|
1,403 | 451,090 | M |
|
FP CORPORATION
㈱エフピコ
|
418 |
159,000
|
472 | 159,000 | |
|
PLANET,INC.
㈱プラネット
|
382 |
300,800
|
368 | 300,800 | |
|
TSURUHA HOLDINGS INC.
㈱ツルハホールディングス
|
288 |
+400.0%
↑
100,000
|
259 | 20,000 | |
|
VALOR HOLDINGS CO.,LTD.
㈱バローホールディングス
|
201 |
59,504
|
145 | 59,504 | |
|
CREATE SD HOLDINGS CO.,LTD
㈱クリエイトSDホールディングス
|
200 |
60,000
|
184 | 60,000 | |
|
MatsukiyoCocokara & Co
㈱マツキヨココカラ&カンパニー
|
138 |
51,000
|
127 | 51,000 | |
|
KOHNAN SHOJI CO.,LTD.
コーナン商事㈱
|
80 |
20,000
|
79 | 20,000 | |
|
CAWACHI LIMITED
㈱カワチ薬品
|
60 |
20,000
|
53 | 20,000 | |
|
ECHO TRADING CO.,LTD.
エコートレーディング㈱
|
51 |
55,000
|
77 | 55,000 | |
|
Harima-Kyowa Co.,LTD.
ハリマ共和物産㈱
|
51 |
26,400
|
60 | 26,400 | |
| UNQ Holdings Limited | 34 |
598,400
|
14 | 598,400 | |
| BABY JOB㈱ | 18 |
NEW
New
155,780
|
— | ||
|
MINISTOP CO., LTD.
ミニストップ㈱
|
15 |
+8.1%
↑
7,144
|
10 | 6,611 | |
|
DCM Holdings Co.,Ltd.
DCMホールディングス㈱
|
15 |
NEW
New
9,010
|
— | ||
|
CB GROUP MANAGEMENT Co., Ltd
CBグループマネジメント㈱
|
— | — | M | ||
|
SANYO CHEMICAL INDUSTRIES,LTD.
三洋化成工業㈱
|
— | — | M | ||
|
ENCHO CO.,LTD.
㈱エンチョー
|
— |
−100%
Exit
—
|
10 | 9,840 | |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
— |
−100%
Exit
—
|
1,095 | 904,050 | M |
|
Mitsui Chemicals, Inc.
三井化学㈱
|
— |
−100%
Exit
—
|
1,018 | 237,800 | M |
|
CB GROUP MANAGEMENT Co., Ltd
CBグループマネジメント㈱
|
— |
−100%
Exit
—
|
97 | 19,708 | M |
| Portfolio total | 21,294 | 14,859 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding