SANKYOKASEI CORPORATION

8138 三京化成株式会社

Specialty Chemicals · Standard

TokyoIntelligence TI

Company Fact Sheet · 2026-06-22

PRICE: ¥3,965 · MKT CAP: ¥3.6B · P/E: 8.0x · P/B: 0.42x · DIV YIELD: 2.3%

PRICE — 5Y

Characteristics & Business Summary

Sankyo Kasei Corporation manufactures, sells, and imports/exports chemicals, synthetic resins, dyes, pigments, paints, dyeing auxiliary poisonous, and deleterious substances in Japan and internationally. The company engages in the sale and import/export of...

Income Statement Highlights (¥ Million, except EPS/DPS in ¥)

Fiscal Period	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Net Sales	21,613	24,240	26,739	26,227	27,118
Operating Profit	59	188	340	382	464
Ordinary Profit	184	319	472	503	587
Net Profit	76	63	304	347	629
EPS	¥57	¥47	¥228	¥260	¥685
DPS	¥85	¥85	¥90	¥90	¥90

Balance Sheet & Valuation Highlights

Total Assets ¥16B

Net Assets (Equity) ¥9B

Equity Ratio 53.9%

ROE (Return on Equity) 7.2%

Cash & Equivalents ¥1B

Interest-Bearing Debt ¥1B

Capital Expenditure (CapEx) ¥0B

Depreciation & Amort. ¥0B

Major Shareholders

1. 有限会社新光企画 15.5%
2. Mizuho Bank 6.9%
3. 花王株式会社 3.8%
4. Employee Stock Ownership Plan 3.5%
5. 小川和夫 3.5%
6. NAKABAYASHI CO.,LTD. 2.9%
7. 小川和浩 2.8%
8. BNYM AS AGT/CLTS NON TREATY JASDEC 2.7%
9. 株式会社トーヨーアサノ 2.2%
10. 株式会社ナガワ 2.1%

Activist Activity

Shinko Kikaku Co., Ltd. 13.76%

2025-08-28 · correction

Shinko Kikaku Co., Ltd. 13.76%

2025-08-21 · change

Swiss-Asia Financial Services Pte. Ltd. 0.0%

2025-02-21 · exit

Black Clover Limited 0.0%

2025-02-14 · exit

Swiss-Asia Financial Services Pte. Ltd. 7.74%

2024-11-22 · change

Historical Per-Share Data & Valuation Ratios

Per Share Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenues per share	¥16,192	¥18,164	¥20,041	¥19,662	¥29,505
FCF/Share	¥575	¥-449	¥441	¥846	¥-736
EPS	¥57	¥47	¥228	¥260	¥685
DPS	¥85	¥85	¥90	¥90	¥90
Book Value per share	¥7,107	¥6,743	¥6,978	¥7,616	¥9,479
Common Shares Outstanding	1M	1M	1M	1M	1M

Financial Aggregates & Margins

Financial Aggregate	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Revenues (Net Sales)	¥22B	¥24B	¥27B	¥26B	¥27B
Operating Margin (%)	0.3%	0.8%	1.3%	1.5%	1.7%
Net Profit (owners)	¥0B	¥0B	¥0B	¥0B	¥1B
Net Profit Margin (%)	0.4%	0.3%	1.1%	1.3%	2.3%
Working Capital	¥3B	¥4B	¥4B	¥4B	¥4B
Total Debt (Interest-bearing)	¥0B	¥0B	¥0B	¥0B	¥1B
Net Worth (Common Equity)	¥9B	¥9B	¥9B	¥10B	¥9B
Return on Total Assets (ROA)	0.5%	0.4%	1.9%	1.9%	3.9%
Return on Common Equity (ROE)	0.8%	0.7%	3.3%	3.4%	7.2%

Business Summary & Analysis

Capital Allocation Signals

No recent signals.

Bloomberg 8138 JP <Equity>

Shares Out. —

Fiscal Year End —

Source TI / EDINET / TDNet

Price

¥3,965

per share

Market Cap

¥3.6B

market capitalisation

P/E Ratio

8.0x

trailing earnings

P/Book

0.42x

price-to-book

Div. Yield

2.3%

annual (forecast)

Stock Price Performance	1M	3M	6M	1Y	3Y	5Y
8138 SANKYOKASEI CORPORATION	—	—	—	—	—	—

Income Statement (¥M, EPS/DPS in ¥)

Metric	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024
Net Sales	21,613	24,240	26,739	26,227	27,118
Op. Profit	59	188	340	382	464
Ordinary Profit	184	319	472	503	587
Net Profit	76	63	304	347	629
EPS	¥57	¥47	¥228	¥260	¥685
DPS	¥85	¥85	¥90	¥90	¥90
Op. Margin	0.3%	0.8%	1.3%	1.5%	1.7%
ROE	0.8%	0.7%	3.3%	3.4%	7.2%

Dividend Record

FY	DPS (¥)	Payout
FY 2020	¥85	149%
FY 2021	¥85	181%
FY 2022	¥90	40%
FY 2023	¥90	35%
FY 2024	¥90	13%

Major Shareholders

#	Shareholder Name	Stake %
1	有限会社新光企画	15.5%
2	Mizuho Bank	6.9%
3	花王株式会社	3.8%
4	Employee Stock Ownership Plan	3.5%
5	小川和夫	3.5%
6	NAKABAYASHI CO.,LTD.	2.9%
7	小川和浩	2.8%
8	BNYM AS AGT/CLTS NON TREATY JASDEC	2.7%
9	株式会社トーヨーアサノ	2.2%
10	株式会社ナガワ	2.1%
Top 10 shareholders total		45.9%

Activist / Large Holder Activity

Shinko Kikaku Co., Ltd. 2025-08-28 · Correction 13.76%

Shinko Kikaku Co., Ltd. 2025-08-21 · Change 13.76%

Swiss-Asia Financial Services Pte. Ltd. 2025-02-21 · Exit 0.0%