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Overview

Chemicals

NIPPON SHOKUBAI CO.,LTD.

Nippon Shokubai is a Japanese specialty chemical company engaged in the manufacture and sale of chemical products across two core segments: the Materials segment, which produces acrylic acid, acrylic acid esters, ethylene oxide, ethylene glycol, and superabsorbent polymers (SAP); and the Solutions segment, which covers concrete admixture polymers, surfactants, electronic materials, iodine compounds, adhesive/coating resins, automotive catalysts, and battery materials. The company serves diverse end markets including hygiene (disposable diapers), construction, electronics, automotive, life sciences, and energy. Its global manufacturing and sales network spans Japan, the United States, Belgium, Singapore, Indonesia, China, South Korea, and Taiwan, underpinning its position as a leading global SAP and acrylic acid producer.

Activists: Silchester International Investors LLP 4.63%

Market Cap

¥375B

US$2.39B

¥372B

US$2.37B

Stock¥2,536.5▼-1.36%

US$1 = ¥157.05 (2026-10-22)

LTM EV/EBITDA

6.4

LTM EV/EBIT

14.3

LTM PER

16.5

LTM PBR

0.9

Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+17.7%pt

Oct 23, 25 – Oct 23, 26StockTOPIX

1Aug 7, 26FY3/27 guidance: net profit +22.3%, dividend hike (¥113→¥140)

MC → EV Bridge

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

84%

EquityD/E 0.18xDebt

Liquidity vs Debt 5Y (¥B)▼ Net Debt

CashInv. Sec.Debt

Shareholders

Top 10 hold 38.7%

as of 2026-03-31 · Source: Annual Securities Report

The Master Trust Bank of Japan, Ltd. (Trust Account)

12.22%

Custody Bank of Japan, Ltd. (Trust Account)

4.57%

ENEOS Holdings,Inc.

4.06%

Resona Bank, Limited

3.71%

SANYO CHEMICAL INDUSTRIES,LTD.

3.42%

Mizuho Bank, Ltd.

2.56%

artience Co.,Ltd.

2.44%

JPMorgan Securities Japan Co., Ltd.

2.07%

STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)

1.98%

STATE STREET BANK AND TRUST COMPANY 505223 (Standing Proxy: Mizuho Bank, Ltd.)

1.64%

Management

12 officers

Kazuhiro NODA

Representative Director, President and Executive Officer

Apr 1986 Joined the Company Apr 2017 General Manager, Water-Absorbent Resin Business Division Jun 2018 Executive Officer Jun 2020 Director, Managing Executive Officer Jun 2022 Representative Director, President and Executive Officer (current)

1963-01-21

Yasutaka SUMIDA

Director, Managing Executive Officer; in charge of Business Creation Division (oversight), Corporate R&D Headquarters, Health & Medical Business Promotion Headquarters, New Business Promotion Headquarters, R&D General Office, and Process Catalyst Research Department

Apr 1991 Joined the Company Apr 2020 General Manager, Business Creation Headquarters Jun 2020 Executive Officer Jun 2021 Director, Managing Executive Officer (current)

1963-10-04

Yukihiro MATSUMOTO

Director, Managing Executive Officer; in charge of Production & Technology Division (oversight), Engineering Headquarters, DX Promotion Headquarters, Responsible Care Headquarters, Battery Materials Commercialization Project Headquarters, and Indonesia Project

Apr 1988 Joined the Company Apr 2014 General Manager, Production Headquarters Apr 2016 General Manager, Corporate Planning Office Jun 2016 Director, Executive Officer Jun 2020 Managing Executive Officer Jun 2023 Director, Managing Executive Officer (current)

1964-01-24

Kenjiro KOMODA

Director, Managing Executive Officer; in charge of Business Division (oversight), Battery Materials Business Headquarters, Business Planning Headquarters, and Procurement & Logistics Headquarters

Apr 1986 Joined the Company Apr 2022 General Manager, Business Planning Headquarters Jun 2022 Executive Officer Apr 2025 Senior Executive Officer Jun 2025 Director, Managing Executive Officer (current)

1962-10-27

Miyuki SAKURAI

Director

Apr 1992 Registered as attorney-at-law; joined Nishimura Law & Accounting Office May 2003 Co-Managing Partner, Hanamizuki Law Office (current) Mar 2015 Auditor, Nippon Life Foundation (current) Apr 2016 Auditor, Osaka University Jun 2017 Outside Director, Nippon Shinyaku Co., Ltd. Jun 2020 Director, the Company (current) Jun 2022 Outside Audit & Supervisory Board Member, MBS Media Holdings Co., Ltd. (current)

1964-12-15

Akiko IKEDA

Director

Apr 1983 Joined Daimaru, Inc. (now Daimaru Matsuzakaya Department Stores Co., Ltd.) Apr 2003 Joined Ito-Yokado Co., Ltd. Mar 2011 Executive Officer, Ito-Yokado Co., Ltd. Apr 2016 President and Representative Director, Jolly Pasta Co., Ltd. Jun 2017 President and Representative Director, Coco's Japan Co., Ltd. Apr 2019 Director, Okamoto Corporation Jan 2023 Outside Director, Kura Sushi, Inc. Jun 2024 Director, the Company (current) Jun 2024 Outside Director, J-Oil Mills, Inc. (current)

1960-07-26

Shigeru HARADA

Director

Apr 1990 Joined the Company Apr 2016 General Manager, Related Business Division Apr 2022 General Manager, Finance Headquarters Jun 2022 Executive Officer Apr 2025 Senior Executive Officer; General Manager, General Affairs & Human Resources Headquarters (current)

Shigeru HORAI

Director

Apr 1984 Joined Toda Kogyo Corp. Jul 2007 Executive Officer, Toda Kogyo Corp. Jun 2014 Representative Director, President, Toda Kogyo Corp. Jun 2024 Director, Chairman and Executive Officer, Toda Kogyo Corp. Jul 2025 Director, Chairman, Toda Kogyo Corp. (current)

Atsushi TABATA

Full-time Audit & Supervisory Board Member

Apr 1990 Joined the Company Oct 2018 General Manager, General Affairs Department Apr 2021 General Manager, Legal Department Apr 2022 General Manager, General Affairs & Human Resources Headquarters Apr 2025 Chief Staff Member, Office of Audit & Supervisory Board Members Jun 2025 Full-time Audit & Supervisory Board Member (current)

1966-11-11

Tsukasa TAKAHASHI

Audit & Supervisory Board Member

Apr 1989 Registered as attorney-at-law; joined Katsube Law Office (now Katsube Takahashi Law Office) Jun 2008 Outside Director, Inaba Denki Sangyo Co., Ltd. Apr 2010 Vice President, Osaka Bar Association Jun 2010 Outside Audit & Supervisory Board Member, Nippon Paint Co., Ltd. (now Nippon Paint Holdings Co., Ltd.) Jul 2012 Representative, Katsube Takahashi Law Office (current) Apr 2013 Special Professor, Kyoto University Law School May 2013 Outside Audit & Supervisory Board Member, Aeon Delight Co., Ltd. Apr 2018 Part-time Lecturer, Kyoto University Law School Mar 2019 Outside Audit & Supervisory Board Member, Nippon Electric Glass Co., Ltd. Jun 2020 Audit & Supervisory Board Member, the Company (current) Mar 2024 Outside Audit & Supervisory Board Member, TOYO TIRE Corporation (current)

1962-12-10

Kazumasa MURAI

Audit & Supervisory Board Member

Oct 1990 Joined Tohmatsu & Co. (now Deloitte Touche Tohmatsu LLC) Aug 1995 Registered as Certified Public Accountant Aug 2006 Registered as Certified Tax Accountant; Representative, Murai CPA Office (current) Jun 2017 Outside Audit & Supervisory Board Member, Technical Electronics Co., Ltd. (now Parking Solutions, Inc.) May 2019 Representative Partner, Murai Tax Accounting Firm (current) Jun 2021 Outside Director, Daiei Kankyo Co., Ltd. Jun 2024 Outside Director (Audit and Supervisory Committee Member), Daiei Kankyo Co., Ltd. (current) Jun 2024 Audit & Supervisory Board Member, the Company (current)

1963-12-13

Kenichi UEDA

Audit & Supervisory Board Member

Apr 1986 Joined the Company Apr 2010 General Manager, Electronic Materials Research Laboratory Apr 2017 General Manager, Development Department Apr 2020 Chief Technology Manager Apr 2026 Advisor to Audit & Supervisory Board Members (current)

Large Shareholding Reports