Overview
Chemicals

SANWAYUKA INDUSTRY CORPORATION

Sanwa Yuka Kogyo operates as an integrated environmental solutions company centered on industrial waste recycling and resource recovery, serving primarily manufacturing sector clients across Japan. The company conducts five interconnected businesses: Reuse (material recycling of spent solvents and acids via distillation/solvent extraction), Recycle (thermal recycling and secondary use of industrial waste as fuel or raw materials for cement/steel), Chemical (manufacturing and sales of general-purpose and high-purity chemicals for electronics and surface treatment), Automotive (lubricants, metalworking fluids, and ancillary materials for automakers and auto parts manufacturers), and Engineering (PCB waste disposal, asbestos analysis, and plant dismantling solutions). A key competitive strength is the end-to-end, vertically integrated model that covers product manufacturing and sales through post-use industrial waste collection, intermediate processing, and re-resourceization—including logistics and quality assurance—under a single group umbrella.

Market Cap
¥15.0B
US$95.9M
EV
¥20.4B
US$130M
Stock¥3,480▲+2.05%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.0
x
LTM EV/EBIT
10.1
x
LTM PER
11.0
x
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+80.2%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 10, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
15.0BUS$95.9MMarket Cap9.85BUS$62.8M+ Debt3.11BUS$19.9M− Cash1.46BUS$9.34M− Inv. Sec.0.14BUS$0.88M+ NCI20.4BUS$130MEV
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Performance & Balance
Revenue 5Y (¥B)
15.5US$99.1M'22/317.4US$111M'23/315.6US$99.7M'24/316.0US$102M'25/320.3US$129M'26/3
EBITDA 5Y (¥B)
2.49US$15.9M'22/32.88US$18.4M'23/32.32US$14.8M'24/32.03US$12.9M'25/32.91US$18.6M'26/3
Net Income 5Y (¥B)
1.26US$8.03M'22/31.33US$8.45M'23/31.04US$6.64M'24/30.59US$3.77M'25/31.07US$6.83M'26/3
Capital Structure
58%
42%
EquityD/E 0.71xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
3.86US$24.6M7.30US$46.6M'22/33.62US$23.1M6.39US$40.7M'23/33.59US$22.9M5.34US$34.1M'24/32.29US$14.6M5.06US$32.3M'25/33.15US$20.1M7.98US$50.9M'26/3
Shareholders
Top 10 hold 64.5%
1
MMS Ltd.
34.81%
2
SANWAYUKA INDUSTRY CORPORATION Employee Stock Ownership Association
8.58%
3
Hitoshi YANAGI
5.35%
4
Aumi Shinkin Bank
3.89%
5
Itaru YANAGI
3.03%
6
Shinobu YANAGI
2.96%
7
The Juroku Bank, Ltd.
1.85%
8
Bell Investment Limited Partnership
1.49%
9
Custody Bank of Japan, Ltd. (Trust Account)
1.43%
10
NANKAI CHEMICAL COMPANY,LIMITED
1.06%
Management
6 officers
Hitoshi YANAGI
Representative Director, President and Executive Officer
Apr 1999 Joined the Company Feb 2000 Director, MMS Ltd. (current) Jun 2005 Director, Sanwa Ryutsu Co., Ltd. (current) Jun 2005 Head of Management Planning Office, the Company May 2007 Director and General Manager of Administration Department, the Company Jun 2008 Managing Director, the Company Jun 2010 Senior Managing Director, the Company Jun 2012 Representative Director, President, the Company Apr 2015 Director, Sanwa Sekihan Co., Ltd. (current) Jan 2018 Representative Director, President, Sanwa Nankai Recycle Co., Ltd. Apr 2021 Representative Director, President and Executive Officer, the Company (current) Jun 2024 Director, Sanwa Material Solutions Co., Ltd. (current)
1975-11-12
Satoshi KUMASAKI
Director and Executive Officer, General Manager of Management Administration Department
Apr 2002 Joined the Company Mar 2015 Head of Tokyo Sales Office, the Company Apr 2019 Deputy General Manager of Administration Department, the Company Jun 2019 Director and General Manager of Administration Department, the Company Jun 2019 Director, Sanwa Nankai Recycle Co., Ltd. (current) Jun 2020 Corporate Auditor, Sanwa Business Support Co., Ltd. Jun 2020 Corporate Auditor, Sanwa Sakai Recycle Co., Ltd. Apr 2021 Director and Executive Officer, General Manager of Management Administration Department, the Company (current) Jun 2024 Director, Sanwa Sekihan Co., Ltd. (current) Jun 2024 Corporate Auditor, Sanwa Material Solutions Co., Ltd. (current) Jun 2026 Corporate Auditor, Sanwa Ryutsu Co., Ltd. (current)
1975-09-03
Itaru YANAGI
Director and Executive Officer, in charge of Electronic Materials and Agriculture Projects, Technology Department
Jun 2009 Joined the Company Jun 2011 Section Manager, Resource Development Group, Sales Department, the Company Nov 2011 Director, Sanwa Analysis Center Co., Ltd. Dec 2011 Deputy General Manager, Technology Department, the Company Jun 2012 Director and General Manager, Technology Department, the Company Jul 2015 Director and General Manager, Technology Department, and in charge of Ibaraki Office, the Company Jul 2016 Director and General Manager, Technology Department, the Company Jun 2018 Representative Director, President, Sanwa Analysis Center Co., Ltd. (current) Dec 2018 Representative Director, President, Sanwa Business Support Co., Ltd. (current) Apr 2021 Executive Officer and General Manager, Technology Department, the Company Oct 2023 Executive Officer, in charge of Electronic Materials and Agriculture Projects, Technology Department, the Company Jun 2026 Director and Executive Officer, in charge of Electronic Materials and Agriculture Projects, Technology Department, the Company (current)
1979-12-25
Koichi WADA
Full-time Director, Audit and Supervisory Committee Member
Apr 1979 Joined Toyota Tsusho Corporation Apr 1995 Seconded to Toyota Tsusho Europe SA Apr 2001 Deputy General Manager, Machinery and Information Planning Department, Toyota Tsusho Corporation Jun 2003 General Manager, Machinery and Information Planning Department, Toyota Tsusho Corporation Apr 2004 Seconded to Toyota Tsusho (Australasia) Pty. Ltd (TTALA) as Representative Director, President Apr 2009 General Manager, Hokkaido Branch, Toyota Tsusho Corporation Apr 2012 Seconded to Toyotsu Machinery Corporation as Managing Director Apr 2013 Executive Officer, Toyota Tsusho Corporation Nov 2015 Representative Director, President, Ene Vision Co., Ltd. Jul 2019 Senior Advisor, Ene Vision Co., Ltd. Jun 2020 Full-time Outside Corporate Auditor, the Company Apr 2021 Full-time Director, Audit and Supervisory Committee Member, the Company (current)
1956-09-12
Shunichi KAMIYA
Outside Director, Audit and Supervisory Committee Member
Apr 1996 Joined Nomura Securities Co., Ltd. Oct 2002 Registered as attorney; joined Hamada & Matsumoto Law Office (now Mori Hamada & Matsumoto Foreign Law Joint Enterprise) Jul 2012 Established Urushima Sogo Law Office Jun 2019 Outside Director, Audit and Supervisory Committee Member, Sagami Holdings Corporation (current) Aug 2019 Outside Director, Audit and Supervisory Committee Member, Tokai Soft Co., Ltd. (current) Dec 2020 Established Seishin Law Office Apr 2021 Outside Director, the Company (current) Sep 2021 Attorney, Miura Law Office (current) Mar 2024 Outside Director, Chugai Co., Ltd. (current)
1972-08-02
Ko MINAMI
Outside Director, Audit and Supervisory Committee Member
Oct 1998 Joined Chuo Audit Corporation, Nagoya Office Mar 2002 Registered as Certified Public Accountant Jul 2005 Seconded to Inspection Division, Tokai Local Finance Bureau, Ministry of Finance Jan 2009 Joined Kagayaki Audit Corporation Apr 2010 Registered as Certified Tax Accountant; established Minami Ko Accounting Office, and Director of the same office (current) Jun 2016 Outside Director, Audit and Supervisory Committee Member, Komehyo Holdings Co., Ltd. (current) Apr 2019 Auditor, Aichi Prefectural Public University Corporation (current) Nov 2020 Outside Corporate Auditor, Yamahachi Shoji Co., Ltd. (current) Apr 2023 Outside Director, Audit and Supervisory Committee Member, Taiyo Kiso Kogyo Co., Ltd. (current) Jun 2025 Outside Director, Audit and Supervisory Committee Member, the Company (current) May 2026 Auditor, Aichi Financial Public Relations Committee (current)
1972-08-16
Large Shareholding Reports
Yugen Kaisha MMS
2026-03-03
34.83%→34.83%
Annual report (as of 2026-03-31): 34.81%
Yugen Kaisha MMS
2026-03-03
34.83%→34.83%
Annual report (as of 2026-03-31): 34.81%
Yugen Kaisha MMS
2026-03-03
34.83%→34.81%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 34.81%
Yugen Kaisha MMS
2026-03-03
20.84%→34.83%
Annual report (as of 2026-03-31): 34.81%
Yugen Kaisha MMS
2026-03-03
20.84%→20.84%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 34.81%
Yugen Kaisha MMS
2026-03-03
34.81%→34.81%
Annual report (as of 2026-03-31): 34.81%
Yugen Kaisha MMS
2026-03-03
34.83%→34.83%
Annual report (as of 2026-03-31): 34.81%
Yugen Kaisha MMS
2026-03-03
—
Annual report (as of 2026-03-31): 34.81%
Yugen Kaisha MMS
2026-03-03
34.83%→34.83%
Annual report (as of 2026-03-31): 34.81%
Yugen Kaisha MMS
2026-03-03
—
Annual report (as of 2026-03-31): 34.81%
Yugen Kaisha MMS
2026-03-03
20.84%→20.84%
Annual report (as of 2026-03-31): 34.81%
Yugen Kaisha MMS
2026-03-03
34.83%→34.81%
Annual report (as of 2026-03-31): 34.81%
Yugen Kaisha MMS
2026-02-20
34.83%→34.81%
Annual report (as of 2026-03-31): 34.81%
Yugen Kaisha MMS
2026-02-20
34.83%→34.81%
Annual report (as of 2026-03-31): 34.81%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-03-03
Large Shareholding Report
EDINET
2026-03-03
Large Shareholding Report
EDINET
2026-03-03
Large Shareholding Report
EDINET
2026-03-03
Large Shareholding Report
EDINETAmended
2026-03-03
Change Report
EDINET
2026-03-03
Large Shareholding Report
EDINETAmended
2026-03-03
Change Report
EDINETAmended
2026-03-03
Change Report
EDINET
2026-03-03
Large Shareholding Report
EDINET
2026-03-03
Large Shareholding Report
EDINETAmended
2026-03-03
Change Report
EDINET
2026-03-03
Large Shareholding Report
EDINET
2026-02-20
Large Shareholding Report
EDINETAmended
2026-02-20
Change Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-20
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-10
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-21
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-14
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-14
Quarterly Securities Report
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