Overview
Chemicals

OSAKA ORGANIC CHEMICAL INDUSTRY LTD.

Osaka Organic Chemical Industry is a leading manufacturer of acrylic acid esters, operating across three segments: Chemicals (specialty acrylates and acrylic acid for coatings, adhesives, and inks), Electronic Materials (photoresist materials and functional polymers for LCD displays and semiconductors), and Functional Chemicals (cosmetic raw materials, functional materials, and specialty solvents). The company leverages core technologies in esterification, distillation purification, and polymer synthesis to serve diverse end markets including automotive coatings, construction materials, IT devices, and personal care. Its multi-purpose production facilities enable high-mix, low-volume manufacturing, providing flexibility and differentiation in specialty chemical markets.

Market Cap
¥88.3B
US$563M
EV
¥64.0B
US$408M
Stock¥4,340▼-0.34%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.4
x
LTM EV/EBIT
6.9
x
LTM PER
10.1
x
LTM PBR
1.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-4.8%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 9, 26Earnings disappointment selling
2Oct 13, 26Q3 FY2026/11 earnings announced
MC → EV Bridge
88.3BUS$563MMarket Cap0.99BUS$6.31M+ Debt16.5BUS$105M− Cash9.89BUS$63.1M− Inv. Sec.1.10BUS$7.02M+ NCI64.0BUS$408MEV
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Performance & Balance
Revenue 5Y (¥B)
35.0US$223M'21/1132.2US$206M'22/1128.9US$184M'23/1132.7US$209M'24/1136.3US$231M'25/11
EBITDA 5Y (¥B)
8.29US$52.9M'21/118.22US$52.4M'22/116.01US$38.3M'23/117.89US$50.3M'24/119.19US$58.6M'25/11
Net Income 5Y (¥B)
5.00US$31.9M'21/114.73US$30.1M'22/113.27US$20.9M'23/114.04US$25.8M'24/116.89US$43.9M'25/11
Capital Structure
98%
EquityD/E 0.02xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
15.6US$99.3M2.25US$14.4M'21/1113.7US$87.5M3.56US$22.7M'22/1114.4US$91.8M4.90US$31.2M'23/1119.2US$123M3.53US$22.5M'24/1123.5US$150M1.40US$8.92M'25/11
Shareholders
Top 10 hold 43.1%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
13.20%
2
Western Red Cedar Co., Ltd.
5.46%
3
Custody Bank of Japan, Ltd.
4.64%
4
GOLDMAN SACHS INTERNATIONAL (Standing Proxy: Goldman Sachs Securities Co., Ltd.)
3.92%
5
Yoshitaka YASUKAWA
3.30%
6
OSAKA ORGANIC CHEMICAL INDUSTRY LTD. Employee Stock Ownership Association
2.93%
7
Mitsubishi Chemical Corporation
2.89%
8
TOAGOSEI CO.,LTD.
2.56%
9
TOKYO OHKA KOGYO CO.,LTD.
2.10%
10
Yukiko TANIGAWA
2.09%
Management
9 officers
Masayuki ANDO
Representative Director, President
Apr 1986 Joined the Company Feb 2013 General Manager, Research Institute, Technology Division Feb 2014 Director, General Manager, Technology Division Feb 2016 Director, General Manager, Technology Division and General Manager, Advanced Technology Research Institute Dec 2017 Managing Director, General Manager, Technology Division Feb 2018 Managing Director, Executive Officer, General Manager, Technology Division Dec 2018 Managing Director, Executive Officer, General Manager, Corporate Planning Division, in charge of Technology Division and Business Development Office Dec 2019 Director, Senior Managing Executive Officer, General Manager, Corporate Planning Division, in charge of Technology Division and Business Development Office Jul 2020 Representative Director, President (current)
1962-06-27
Soichi HONDA
Director, Executive Officer, General Manager, Administration Division
Apr 1990 Joined the Company Dec 2015 General Manager, Administration Division, the Company Feb 2016 Director, General Manager, Administration Division, the Company Apr 2016 Director, General Manager, Administration Division and General Manager, Human Resources, the Company Dec 2017 Director, General Manager, Administration Division, the Company Feb 2018 Director, Executive Officer, General Manager, Administration Division, the Company Feb 2022 Director, Shinko Organic Chemical Industry Co., Ltd. (current)
1966-07-12
Motomi OGASAWARA
Director, Executive Officer, General Manager, Business Division and General Manager, Overseas Business Department
Apr 1988 Joined the Company Dec 2017 Executive Officer, General Manager, Business Division and General Manager, Chemicals Department, the Company Jan 2018 Chairman, Guangshuo (Shanghai) Chemical Trading Co., Ltd. (current) Feb 2018 Director, Executive Officer, General Manager, Business Division, General Manager, Chemicals Department, in charge of Affiliated Companies, the Company Dec 2018 Director, Executive Officer, General Manager, Business Division, in charge of Affiliated Companies, the Company Dec 2021 Director, Executive Officer, General Manager, Business Division and General Manager, Overseas Business Department, the Company (current) Jul 2024 Representative Director, Korea Osaka Organic Chemical Industry Co., Ltd. (current)
1964-02-08
Tetsuya WATANABE
Director, Executive Officer, General Manager, Corporate Planning Division
Apr 1995 Joined the Company Jul 2020 Executive Officer, General Manager, Corporate Planning Division, the Company Feb 2022 Director, Executive Officer, General Manager, Corporate Planning Division, the Company Dec 2023 Director, Executive Officer, General Manager, Corporate Planning Division, in charge of Quality Assurance Office, the Company Dec 2025 Director, Executive Officer, General Manager, Corporate Planning Division, the Company (current)
1970-06-03
Takayuki HAMANAKA
Director
Apr 1998 Registered as attorney-at-law (Osaka Bar Association); joined Showa Law Office (now Habataki Sogo Law Office) Jul 2005 Completed LL.M. in EU Law, Faculty of Law, Catholic University of Louvain (Belgium) Jul 2005 Worked in EU Competition Law Department, Linklaters Brussels Office Dec 2007 Partner, Habataki Sogo Law Office (current) Feb 2016 Director, the Company (current)
1970-06-09
Naoki ENOMOTO
Director
Apr 1985 Joined Ministry of Finance Jul 1991 Director, Customs House May 1999 Counsellor, Embassy of Japan in Malaysia Jul 2002 Planning Officer, Minister's Secretariat (Accounting Division) Jul 2003 Director of Collection Department, Tokyo Regional Taxation Bureau Jul 2004 Planning Officer, Aircraft, Weapons and Space Industry Division, Manufacturing Industries Bureau, Ministry of Economy, Trade and Industry (defense industry planning) Jul 2006 Director, International Balance of Payments Office, Foreign Exchange Market Division, International Bureau Jul 2008 Planning Officer, Financial Bureau (in charge of Cabinet/Finance, Agriculture/Forestry/Fisheries/Environment, Economy/Industry, and Land/Infrastructure/Transport) Jul 2009 Director, Accounting Division, Equipment Bureau, Ministry of Defense Jul 2011 Director, Policy Finance Division, Minister's Secretariat Sep 2012 Counsellor, Nuclear Damage Compensation Support Office, Cabinet Office Jul 2014 Commissioner, Tohoku Finance Bureau Jun 2015 Managing Executive Officer, Development Bank of Japan Inc. Jul 2017 Commissioner, Fukuoka Regional Taxation Bureau Jul 2018 Commissioner, Osaka Regional Taxation Bureau Aug 2020 Commissioner, Tokyo Customs Nov 2021 Advisor, Sompo Japan Insurance Inc. Feb 2022 Director, the Company (current) Aug 2022 Advisor, Nanto Bank, Ltd. Jun 2023 Outside Audit & Supervisory Board Member, Advanex Inc. (current)
1962-10-29
Munemi NAGAYANAGI
Full-time Audit and Supervisory Committee Member (Director)
Apr 1985 Joined the Company Feb 2012 General Manager, Internal Audit Office, the Company Feb 2017 Full-time Audit & Supervisory Board Member, the Company Feb 2024 Full-time Audit and Supervisory Committee Member (Director), the Company (current)
1963-01-01
Kyoko YOSHIDA
Director, Audit and Supervisory Committee Member
Oct 2000 Joined Asahi Audit Corporation (now Azsa LLC) May 2004 Registered as Certified Public Accountant Jul 2005 Registered as Certified Tax Accountant Jul 2005 Opened Yoshida CPA Office (current) Feb 2019 Audit & Supervisory Board Member, the Company May 2021 Registered as Certified Public Accountant in the State of Washington, USA Jun 2021 Outside Audit & Supervisory Board Member, Espec Corp. Jun 2022 Outside Director, Audit and Supervisory Committee Member, Espec Corp. (current) Feb 2024 Director, Audit and Supervisory Committee Member, the Company (current)
1976-11-26
Tomoko TAKASE
Director, Audit and Supervisory Committee Member
Apr 2000 Registered with the Bar Association Apr 2000 Joined Matsui Takao Law Office Jun 2002 Joined Taiyo Law Office Oct 2009 Joined Murata Futaba Law Office (now Arcus Sogo Law Office) as Partner (current) Feb 2022 Audit & Supervisory Board Member, the Company Feb 2024 Director, Audit and Supervisory Committee Member, the Company (current)
1971-06-24
Large Shareholding Reports
Amova Asset Management Co., Ltd.
2026-05-11
3.22%→2.01%
Amova Asset Management Co., Ltd.
2025-09-19
3.30%→3.22%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-09
Q3 Earnings Flash
FY ending Nov 2026
EDINET
2026-07-09
Semi-Annual Securities Report
Period: Dec 2025 – Nov 2026
TDnet
2026-07-09
Q2 Earnings Flash
FY ending Nov 2026
EDINET
2026-05-11
Large Shareholding Report
TDnet
2026-04-10
Q1 Earnings Flash
FY ending Nov 2026
EDINET
2026-02-24
Annual Securities Report
Period: Dec 2024 – Nov 2025
TDnet
2026-01-08
Full-Year Earnings Flash
FY ending Nov 2025
TDnet
2025-10-10
Q3 Earnings Flash
FY ending Nov 2025
EDINET
2025-09-19
Large Shareholding Report
EDINET
2025-07-10
Semi-Annual Securities Report
Period: Dec 2024 – May 2025
TDnet
2025-04-11
Q1 Earnings Flash
FY ending Nov 2025
EDINET
2025-02-28
Annual Securities Report
Period: Dec 2023 – Nov 2024
EDINETAmended
2025-01-14
Amended Annual Securities Report
Period: Dec 2019 – Nov 2020
EDINETAmended
2025-01-14
Amended Annual Securities Report
Period: Dec 2020 – Nov 2021
EDINETAmended
2025-01-14
Amended Annual Securities Report
Period: Dec 2018 – Nov 2019
EDINETAmended
2025-01-14
Amended Annual Securities Report
Period: Dec 2021 – Nov 2022
EDINETAmended
2025-01-14
Amended Annual Securities Report
Period: Dec 2022 – Nov 2023
EDINET
2024-07-11
Quarterly Securities Report
Period: Mar 2024 – May 2024
EDINET
2024-04-12
Quarterly Securities Report
Period: Dec 2023 – Feb 2024
EDINET
2024-02-29
Annual Securities Report
Period: Dec 2022 – Nov 2023
EDINET
2023-10-06
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-07-06
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINET
2023-04-07
Quarterly Securities Report
Period: Dec 2022 – Feb 2023
EDINET
2023-02-24
Annual Securities Report
Period: Dec 2021 – Nov 2022
EDINET
2022-10-07
Quarterly Securities Report
EDINET
2022-07-07
Quarterly Securities Report
EDINET
2022-04-08
Quarterly Securities Report
EDINET
2022-02-28
Annual Securities Report
EDINET
2021-10-01
Quarterly Securities Report
EDINETAmended
2021-07-21
Amended Quarterly Securities Report
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