Overview
Chemicals

Nippon Soda Co.,Ltd.

Nippon Soda is a research-driven chemical company operating across five business segments: Chemical Materials (industrial chemicals, functional materials, pharmaceuticals, and biocides), Agribusiness (fungicides, insecticides, and herbicides), Trading & Logistics, Engineering, and Eco Solutions. The company's agrochemical and specialty chemical products are sold globally, with overseas sales accounting for approximately 49.9% of total revenues. Key competitive strengths include a proprietary R&D platform backed by 1,902 patents and a diversified product portfolio spanning agriculture, healthcare, ICT materials, and environmental chemicals.

Market Cap
¥192B
US$1.23B
EV
¥135B
US$861M
Stock¥3,585▼-0.55%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.7
x
LTM EV/EBIT
8.6
x
LTM PER
10.5
x
LTM PBR
0.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-17.2%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
192BUS$1.23BMarket Cap55.9BUS$357M+ Debt23.8BUS$152M− Cash90.6BUS$578M− Inv. Sec.1.31BUS$8.34M+ NCI135BUS$861MEV
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Performance & Balance
Revenue 5Y (¥B)
153US$973M'22/3173US$1.10B'23/3154US$985M'24/3155US$990M'25/3152US$970M'26/3
EBITDA 5Y (¥B)
20.5US$131M'22/326.0US$166M'23/321.7US$138M'24/323.9US$152M'25/323.1US$147M'26/3
Net Income 5Y (¥B)
12.7US$80.9M'22/316.7US$106M'23/316.6US$106M'24/315.0US$95.7M'25/318.3US$117M'26/3
Capital Structure
79%
21%
EquityD/E 0.26xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
65.6US$418M39.0US$249M'22/374.0US$472M32.3US$206M'23/392.3US$589M48.9US$312M'24/385.6US$546M50.3US$321M'25/3104US$661M52.3US$334M'26/3
Shareholders
Top 10 hold 39.9%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
12.13%
2
Custody Bank of Japan, Ltd. (Trust Account)
7.14%
3
Nippon Soda Co.,Ltd. Business Partners' Stock Ownership Association
3.95%
4
MITSUI & CO.,LTD. (Standing Proxy: Custody Bank of Japan, Ltd.)
3.78%
5
Mizuho Bank, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
3.04%
6
The Norinchukin Bank
2.90%
7
THE CHASE MANHATTAN BANK, N.A. LONDONSECS LENDING OMNIBUS ACCOUNT (Standing Proxy: Mizuho Bank, Ltd.)
2.15%
8
DFA INTL SMALL CAP VALUE PORTFOLIO (Standing Proxy: Citibank, N.A., Tokyo Branch)
1.64%
9
Tokio Marine & Nichido Fire Insurance Co., Ltd.
1.63%
10
Custody Bank of Japan, Ltd. (Trust Account 4)
1.50%
Management
10 officers
Eiji AGA
President and Representative Director
Apr 1985 Joined the Company Apr 2010 Group Leader, Specialty Chemicals Group, Chemicals Division Feb 2012 Seconded to Alkaline SAS as Executive Vice President Apr 2015 General Manager, Planning and Administration Office, Chemicals Division Apr 2017 Executive Officer; General Manager, Chemicals Division; in charge of Osaka Branch Apr 2018 Executive Officer; General Manager, Chemicals Division Apr 2020 Executive Officer; in charge of Human Resources Office Jun 2020 Director, Executive Officer; General Manager, Sales; in charge of Human Resources Office and Purchasing and Logistics Department Apr 2021 Representative Director, President Apr 2022 Representative Director, President; in charge of New Business Development Promotion Department Apr 2023 Representative Director, President; General Manager, Sales; in charge of New Business Development Promotion Department Apr 2024 Representative Director, President; General Manager, Sales Apr 2025 Representative Director, President (current)
1963-01-01
Osamu SASABE
Director, Senior Managing Executive Officer; in charge of Corporate Planning, Digital Promotion, Human Resources, and Purchasing and Logistics Division
Apr 1986 Joined the Company Apr 2012 General Manager, Information Systems Department Apr 2016 General Manager, Accounting Department Apr 2018 General Manager, General Planning Office Apr 2019 Executive Officer; General Manager, General Planning Office Apr 2020 Executive Officer; Group Leader, Corporate Planning Group and DX Promotion Group, Corporate Planning Office Apr 2021 Executive Officer; General Manager, Corporate Planning Office and Leader, DX Promotion Group Jun 2021 Director, Executive Officer; in charge of Human Resources Office; General Manager, Corporate Planning Office and Leader, DX Promotion Group; Representative Director, President, NS Business Support Co., Ltd. (until Jun 2023) Apr 2022 Director, Executive Officer; in charge of Corporate Planning Department, Digital Promotion Department, and Human Resources Department Jun 2022 Director, Executive Officer; in charge of Corporate Planning Department, Digital Promotion Department, Secretariat, and Human Resources Department Apr 2023 Director, Managing Executive Officer; in charge of Corporate Planning Department and Digital Promotion Department; General Manager, Purchasing and Logistics Division Apr 2024 Director, Managing Executive Officer; in charge of Corporate Planning Department, Digital Promotion Department, Secretariat, and Human Resources Department; General Manager, Purchasing and Logistics Division Jun 2024 Representative Director, President, NS Business Support Co., Ltd. (until Jun 2025) Apr 2025 Director, Senior Managing Executive Officer; in charge of Corporate Planning Department, Digital Promotion Department, Human Resources Department, and Purchasing and Logistics Division (current)
1963-05-14
Osamu SHIMIZU
Director, Managing Executive Officer; General Manager, CSR Promotion; in charge of General Affairs Department, Legal Department, and Accounting Department
Apr 1986 Joined The Industrial Bank of Japan, Ltd. Apr 2015 Joined the Company Apr 2016 Deputy General Manager, General Planning Office Apr 2018 General Manager, Accounting Department Apr 2019 Executive Officer; General Manager, Accounting Department Apr 2021 Executive Officer; in charge of General Affairs Department; General Manager, Accounting Department Apr 2022 Executive Officer; in charge of General Affairs Department and Accounting Department Jun 2022 Director, Executive Officer; General Manager, CSR Promotion; in charge of Internal Audit Department, General Affairs Department, and Accounting Department Apr 2023 Director, Executive Officer; General Manager, Administration; General Manager, CSR Promotion; Representative Director and President, Nissso Nankai Agro Co., Ltd. (current) Jun 2023 Representative Director, President, NS Business Support Co., Ltd. (until Jun 2024) Apr 2024 Director, Executive Officer; General Manager, CSR Promotion; in charge of Internal Audit Department, General Affairs Department, Legal Department, and Accounting Department; General Manager, Accounting Department Apr 2025 Director, Managing Executive Officer; General Manager, CSR Promotion; in charge of General Affairs Department, Legal Department, and Accounting Department (current) Representative Director and President, Nissso Nankai Agro Co., Ltd.
1963-10-23
Atsuhiro SESHIMO
Director, Senior Executive Officer; General Manager, Technology; in charge of Risk Management Department; General Manager, Production Division; General Manager, Trade Control Office
Apr 1989 Joined the Company Apr 2018 Director General, Production Technology Research Institute, Nihonngi Plant Apr 2022 Executive Officer; Deputy General Manager, Production Technology Division; General Manager, Production Planning and Control Department Apr 2023 Executive Officer; Plant Manager, Takaoka Plant Apr 2024 Executive Officer; Plant Manager, Takaoka Plant, Production Division Jan 2025 Executive Officer; Plant Manager, Takaoka Plant, Production Division; Plant Manager, Nihonngi Plant, Production Division Apr 2025 Senior Executive Officer; General Manager, Production Division Jun 2025 Director, Senior Executive Officer; General Manager, Technology; General Manager, Production Division; General Manager, Trade Control Office Jun 2026 Director, Senior Executive Officer; General Manager, Technology; in charge of Risk Management Department; General Manager, Production Division; General Manager, Trade Control Office (current)
1963-12-09
Yuko WATASE
Director
Apr 1982 Joined Seika Sangyo GmbH Oct 1988 Joined KPMG Minato Audit Corporation (now Azsa LLC) Apr 1992 Registered as Certified Public Accountant Aug 1993 Seconded to KPMG Fides (now KPMG AG, Switzerland) Oct 1996 Joined KPMG Century Audit Corporation (now Azsa LLC) Oct 2002 Director, KPMG FAS Co., Ltd. Oct 2003 Director and Partner, KPMG FAS Co., Ltd. Jun 2018 Managing Director, KPMG FAS Co., Ltd. Jun 2021 Retired as Managing Director, KPMG FAS Co., Ltd. Jun 2022 Director of the Company (current)
1959-03-17
Takahito MYOGA
Director
Apr 1977 Joined Nippon Steel Corporation (now Nippon Steel Corporation) Nov 2000 General Manager, Shape Steel Department, Sakai Works, Construction Materials Business Unit Apr 2007 Executive Officer; Works Manager, Sakai Works, Construction Materials Business Unit Apr 2009 Executive Officer; Works Manager, Yawata Works Apr 2011 Managing Executive Officer Jun 2011 Managing Director Nov 2011 Managing Director; Director, Equipment and Maintenance Technology Center Apr 2012 Managing Director Apr 2013 Director Apr 2013 Advisor, Godo Steel, Ltd. Jun 2013 Vice President, Sales, Godo Steel, Ltd. Jun 2014 President and Representative Director, Godo Steel, Ltd. Jun 2020 Director and Senior Advisor, Godo Steel, Ltd. Jun 2021 Senior Advisor, Godo Steel, Ltd. Jun 2022 Retired as Senior Advisor, Godo Steel, Ltd. Jun 2023 Director of the Company (current)
1955-01-15
Tatsushi SAKAI
Director
Apr 1984 Joined The Industrial Bank of Japan, Ltd. Apr 2011 Senior Corporate Officer, Corporate Planning Group, Mizuho Corporate Bank, Ltd. Apr 2012 General Manager, Corporate Planning Group, Mizuho Financial Group, Inc. Apr 2013 Managing Executive Officer, Investment Banking Unit, Mizuho Financial Group, Inc. Apr 2014 Managing Executive Officer, International Unit, Mizuho Financial Group, Inc. (Managing Executive Officer from Apr 2015) Apr 2016 President and Director, Mizuho Securities Co., Ltd. Apr 2018 President and Group CEO, Mizuho Financial Group, Inc.; Director, Mizuho Bank, Ltd. (until Apr 2022); Director, Mizuho Trust & Banking Co., Ltd. (until Apr 2022); Director, Mizuho Securities Co., Ltd. (until Apr 2022) Jun 2018 Director and President, Group CEO, Mizuho Financial Group, Inc. Feb 2022 Director, Mizuho Financial Group, Inc. Apr 2022 Executive Officer, Mizuho Financial Group, Inc. Jul 2022 Special Advisor, Mizuho Financial Group, Inc. (current) Jun 2024 Director of the Company (current) Jun 2025 Audit & Supervisory Board Member, Tokyo Metro Co., Ltd. (current) Significant Concurrent Positions: Audit & Supervisory Board Member, Tokyo Metro Co., Ltd.
1959-08-27
Nobuyuki HORI
Director, Audit and Supervisory Committee Member (Full-time)
Apr 1987 Joined the Company Apr 2012 Group Leader, Chemical Products Group, Chemicals Division Jul 2013 Group Leader, Kinso Group, Chemicals Division Apr 2014 General Manager, Kinso Department and General Manager, Planning and Administration Office, Chemicals Division Apr 2015 Seconded to Alkaline SAS as Executive Vice President Oct 2017 Chief, Chemicals Division Apr 2018 Deputy General Manager, General Planning Office Apr 2020 Executive Officer; in charge of Special Assignments (until Mar 2021) Jun 2020 Managing Director, Nisso Fine Co., Ltd. (until Jun 2022) Apr 2021 Executive Officer Apr 2022 Executive Officer; in charge of Special Assignments Jun 2022 Director, Audit and Supervisory Committee Member of the Company (current)
1965-01-08
Yoko WAKI
Director, Audit and Supervisory Committee Member
Oct 2002 Registered as Attorney-at-law (Daiichi Tokyo Bar Association); joined Toranomon Minami Law Office (now LM Toranomon Minami Law Office) Jan 2012 Partner, LM Toranomon Minami Law Office (current) Jun 2019 Outside Director, Higashi Twenty One Co., Ltd. (now Higashi Holdings Co., Ltd.) (current) Jun 2020 Director, Audit and Supervisory Committee Member of the Company (current) Jun 2025 Director, Higashi Twenty One Co., Ltd. (newly established) (current) Significant Concurrent Positions: Attorney-at-law (Partner), LM Toranomon Minami Law Office; Outside Director, Higashi Holdings Co., Ltd.; Director, Higashi Twenty One Co., Ltd.
1971-09-09
Hayato YOSHIDA
Director, Audit and Supervisory Committee Member
Apr 1983 Joined Nissan Motor Co., Ltd. Oct 1988 Joined Chuo Shinko Audit Corporation (now Misuzu Audit Corporation) Mar 1992 Registered as Certified Public Accountant Nov 1993 Seconded to Coopers & Lybrand, Germany Aug 2000 Member, Misuzu Audit Corporation Sep 2006 Representative Member, Misuzu Audit Corporation Aug 2007 Partner, Deloitte Touche Tohmatsu (now Deloitte Tohmatsu LLC) Jul 2021 Representative, Hayato Yoshida Certified Public Accountant Office (current) Jun 2022 Director, Audit and Supervisory Committee Member of the Company (current); Outside Audit & Supervisory Board Member, Musashino Bank, Ltd. Jun 2026 Outside Director (Audit and Supervisory Committee Member), Musashino Bank, Ltd. (current) Significant Concurrent Positions: Representative, Hayato Yoshida Certified Public Accountant Office; Outside Director (Audit and Supervisory Committee Member), Musashino Bank, Ltd.
1960-03-12
Large Shareholding Reports
Mizuho Bank, Ltd.
2026-07-23
2.84%→2.95%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-23
Large Shareholding Report
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-26
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-14
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINETAmended
2022-10-28
Amended Annual Securities Report
EDINETAmended
2022-10-28
Amended Annual Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-12
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINET
2021-06-29
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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