Overview
Chemicals

Hodogaya Chemical Co.,Ltd.

Hodogaya Chemical is a specialty chemical manufacturer engaged in the production and sale of organic industrial chemicals across five core segments: functional dyes (including OLED materials, charge control agents, and OPC materials), functional resins (polymer materials, waterproofing and flooring materials), basic chemicals (phosgene derivatives, hydrogen peroxide), agrochemicals (active ingredients, formulations, and microbial materials), and logistics services. The company supplies advanced materials for high-growth applications such as organic EL displays, electrophotography, perovskite solar cells, and pharmaceuticals/cosmetics. Its global sales network spans Japan, the United States, South Korea, China, and Europe, supporting both domestic and international customers across electronics, agriculture, and construction sectors.

Market Cap
¥32.0B
US$204M
EV
¥28.6B
US$182M
Stock¥2,011▼-1.42%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.7
x
LTM EV/EBIT
4.0
x
LTM PER
9.3
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-16.6%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
32.0BUS$204MMarket Cap9.28BUS$59.2M+ Debt10.5BUS$67.2M− Cash13.6BUS$87.0M− Inv. Sec.11.5BUS$73.2M+ NCI28.6BUS$182MEV
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Performance & Balance
Revenue 5Y (¥B)
41.9US$267M'22/343.3US$276M'23/344.3US$282M'24/348.6US$310M'25/348.0US$306M'26/3
EBITDA 5Y (¥B)
8.08US$51.5M'22/35.63US$35.9M'23/36.34US$40.4M'24/37.88US$50.3M'25/37.12US$45.4M'26/3
Net Income 5Y (¥B)
3.25US$20.7M'22/32.22US$14.2M'23/32.48US$15.8M'24/33.18US$20.3M'25/33.05US$19.5M'26/3
Capital Structure
85%
EquityD/E 0.17xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
18.9US$121M7.02US$44.8M'22/319.0US$121M11.1US$70.7M'23/323.9US$152M9.81US$62.6M'24/321.0US$134M8.79US$56.0M'25/322.0US$141M9.50US$60.6M'26/3
Shareholders
Top 10 hold 42.9%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
9.71%
2
TOSOH CORPORATION
8.60%
3
MATSUI SECURITIES CO.,LTD.
5.50%
4
Japan Securities Finance Co.,Ltd.
4.37%
5
Mizuho Bank, Ltd.
3.67%
6
The Norinchukin Bank
2.79%
7
Custody Bank of Japan, Ltd. (Trust Account E)
2.27%
8
Custody Bank of Japan, Ltd. (Trust Account)
2.14%
9
Meiji Yasuda Life Insurance Company
2.02%
10
The Toho Bank,Ltd.
1.82%
Management
7 officers
Yuto MATSUMOTO
Representative Director, President and Executive Officer
Apr 1983 Joined the Company Jun 2004 President, Hodogaya Chemical (U.S.A.), Inc. Apr 2010 General Manager, Electronics and Dye Materials Business Division, the Company Apr 2012 General Manager, Imaging Materials Business Division, the Company Apr 2013 General Manager, Business Promotion Division, the Company Apr 2014 Executive Officer and General Manager, Business Promotion Division, the Company Jun 2015 Director and Managing Executive Officer, the Company Nov 2016 Representative Director, President and Executive Officer, the Company (current)
1960-11-19
Noriyoshi YOKOYAMA
Director
Apr 1988 Joined the Company Nov 2011 Head of Research Institute, Hodogaya Chemical Korea Co., Ltd. Oct 2015 Head of Research Institute, Hodogaya Chemical Korea Co., Ltd.; Group Leader, Functional Materials Group, Tsukuba Research Institute, R&D Division, the Company Apr 2017 Head of Tsukuba Research Institute, R&D Division, the Company; Head of Research Institute, Hodogaya Chemical Korea Co., Ltd. Jan 2019 Executive Officer, the Company Apr 2021 Managing Executive Officer, the Company Jun 2025 Director and Managing Executive Officer, the Company (current)
1964-02-11
Shinichi SATO
Director
Apr 1982 Joined Nippon Credit Bank, Ltd. (now SBI Shinsei Bank, Limited) Jul 2000 Joined Industrial Bank of Japan, Ltd. (now Mizuho Bank, Ltd.) Mar 2014 Joined the Company Jun 2014 General Manager, Internal Control Division, the Company Jun 2015 General Manager, Internal Control Division and General Manager, Legal Division, the Company Apr 2016 Executive Officer and General Manager, Internal Control Division, the Company Jan 2018 Managing Executive Officer and General Manager, Internal Control Division, the Company Oct 2023 Managing Executive Officer, the Company Jun 2024 Director and Managing Executive Officer, the Company (current)
1960-01-09
Shinichi MATSUNO
Director, Audit and Supervisory Committee Member
Apr 1981 Joined the Company Jun 2002 General Manager, Purchasing Department, the Company Apr 2009 General Manager, Management Planning Department, the Company Apr 2011 Executive Officer and General Manager, Management Planning Department, the Company Apr 2012 Executive Officer and Plant Manager, Koriyama Plant, the Company Apr 2015 Executive Officer and Deputy Head of Production Division, the Company Jun 2015 Director and Managing Executive Officer, the Company Jan 2018 Executive Officer, the Company; Chairman, Hodogaya Kenzai Co., Ltd. Apr 2020 President, Katsura Sangyo Co., Ltd. Jun 2024 Director, Audit and Supervisory Committee Member, the Company (current)
1959-03-08
Maki SAKAI
Outside Director, Audit and Supervisory Committee Member
Apr 1981 Joined Ministry of Agriculture, Forestry and Fisheries May 1998 Minister Counselor, Embassy of Japan in the United States Jul 2001 Director, International Affairs Division, Food Policy Bureau, Ministry of Agriculture, Forestry and Fisheries Jan 2004 Director, Food Safety Policy Division, Food Safety Bureau, Ministry of Agriculture, Forestry and Fisheries Jan 2005 Director, Planning Division, Fisheries Policy Department, Fisheries Agency Jul 2007 Director, Fisheries Policy Division, Fisheries Policy Department, Fisheries Agency Jul 2008 Director, Policy Division, Minister's Secretariat, Ministry of Agriculture, Forestry and Fisheries Jul 2009 Deputy Director-General for Policy Evaluation, Minister's Secretariat, Ministry of Agriculture, Forestry and Fisheries Aug 2011 Director-General, International Affairs Division, Minister's Secretariat, Ministry of Agriculture, Forestry and Fisheries Apr 2013 Director-General, Statistics Department, Minister's Secretariat, Ministry of Agriculture, Forestry and Fisheries Apr 2014 Ambassador Extraordinary and Plenipotentiary to the Federated States of Micronesia and to the Republic of the Marshall Islands Aug 2016 Advisor, Sompo Japan Inc. Jun 2019 Managing Director and Secretary General, Japan Fisheries Supply Stabilization Promotion Foundation (public interest incorporated foundation) Jun 2019 Outside Director, Audit and Supervisory Committee Member, the Company Oct 2023 Director, Keimei Gakuen School Corporation (current)
1956-05-27
Shinobu FUJINO
Outside Director, Audit and Supervisory Committee Member
Apr 1987 Joined Ryoka Systems Co., Ltd. Jan 2002 Established career counseling practice as sole proprietor (current) Jun 2015 Outside Director, Nisshinbo Holdings Inc. Apr 2016 Outside Director, Try Wins Co., Ltd. (current) Jun 2023 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1957-07-13
Akira MATSUNAGA
Outside Director, Audit and Supervisory Committee Member
Apr 1986 Joined Ministry of International Trade and Industry (now Ministry of Economy, Trade and Industry) Jun 1996 Seconded to Ministry of Foreign Affairs; First Secretary, Embassy of Japan in Myanmar Aug 2002 Professor, Faculty of Economics, Nagasaki University Jul 2007 Director, Automobile Industry Division, Manufacturing Industries Bureau, Ministry of Economy, Trade and Industry Jun 2012 Director, Accounts Division, Minister's Secretariat, Ministry of Economy, Trade and Industry Jun 2015 Councillor, Cabinet Secretariat (assigned to Office of the Deputy Chief Cabinet Secretary) Jul 2017 Director-General, Regional Economy and Industry, and Head of Fukushima Reconstruction Promotion Group, Ministry of Economy, Trade and Industry Jul 2019 Commissioner, Japan Patent Office; Coordinator General for Fukushima Nuclear Accident Response Apr 2022 Special Adviser and Councillor, Ministry of Economy, Trade and Industry May 2024 Vice Chairman and Managing Director, Japan Automobile Manufacturers Association, Inc. (current) Jun 2025 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1961-08-16
Large Shareholding Reports
Mizuho Bank, Ltd.
2026-10-22
3.55%→3.55%
Annual report (as of 2026-03-31): 3.67%
Nomura Asset Management Co., Ltd.
2026-10-21
5.18%→4.59%
Mikukuro Ueshima
2026-09-17
4.89%→4.96%
Nomura Asset Management Co., Ltd.
2026-07-06
5.74%→5.18%
Kankuro UEJIMA
2026-06-16
4.89%→4.89%
Kankuro UEJIMA
2026-06-16
4.89%→4.89%
Kankuro UEJIMA
2026-06-15
5.53%→4.89%
UESHIMA Mikuro
2026-04-23
5.51%→5.53%
Kankuro UEJIMA
2026-04-07
5.22%→5.51%
Nomura Asset Management Co., Ltd.
2026-03-19
6.32%→5.74%
Kankuro UEJIMA
2026-03-11
4.68%→5.22%
Nomura Asset Management Co., Ltd.
2026-01-21
6.73%→6.32%
Kankuro UEJIMA
2026-01-15
4.41%→4.68%
Kankuro UEJIMA
2026-01-08
3.57%→4.41%
Ueshima Mikuro
2025-12-05
2.28%→3.57%
Nomura Asset Management Co., Ltd.
2025-12-05
7.83%→6.73%
Naturari Co., Ltd.
2025-11-19
0.00%→2.45%
Disclosures
M&A / Other
2026-08-26
Primary Source Filings
EDINET
2026-10-22
Large Shareholding Report
EDINET
2026-10-21
Large Shareholding Report
EDINET
2026-09-17
Large Shareholding Report
TDnet
2026-08-26
M&A / Other
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-06
Large Shareholding Report
EDINET
2026-06-22
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-16
Large Shareholding Report
EDINETAmended
2026-06-16
Change Report
EDINET
2026-06-15
Large Shareholding Report
EDINET
2026-04-23
Large Shareholding Report
EDINET
2026-04-07
Large Shareholding Report
EDINET
2026-03-19
Large Shareholding Report
EDINET
2026-03-11
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-01-21
Large Shareholding Report
EDINET
2026-01-15
Large Shareholding Report
EDINET
2026-01-08
Large Shareholding Report
EDINET
2025-12-05
Large Shareholding Report
EDINET
2025-12-05
Large Shareholding Report
EDINET
2025-11-19
Large Shareholding Report
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
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
2024-06-24
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
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