Overview
Chemicals

Gun Ei Chemical Industry Co.,Ltd.

Gunei Chemical Industry is a research and development-oriented materials manufacturer operating two core businesses: a Chemicals business providing phenolic resin-based functional materials to electronics, automotive, and housing industries, and a Food business supplying functional sweeteners (starch sugars and oligosaccharides) to beverage, confectionery, and seasoning industries. Key chemical products include industrial and specialty phenolic resins (Resitop, Milex), foundry binders, electronic materials resins, and the high-performance fiber Kynol, while food products include isomerized sugars, glucose, maltose, and oligosaccharides. The company also operates a small real estate leasing business utilizing company-owned properties.

Market Cap
¥26.8B
US$171M
EV
¥-2.17B
-US$13.8M
Stock¥4,040▲+0.25%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
NM
LTM EV/EBIT
NM
LTM PER
14.2
x
LTM PBR
0.5
x
2026-08-25 closing price basis: ranked #79 in beluuga.ai's "Japanese listed companies with negative Enterprise Value" ranking (simplified EV ≈ ¥-10B).
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-6.5%pt
10012
Oct 23, 25 – Oct 23, 26StockTOPIX
1Jan 30, 26FY results strong / operating profit surge
2Jul 30, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
26.8BUS$171MMarket Cap0.65BUS$4.12M+ Debt10.7BUS$68.2M− Cash21.0BUS$134M− Inv. Sec.2.10BUS$13.3M+ NCI-2.17B-US$13.8MEV
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Performance & Balance
Revenue 5Y (¥B)
29.4US$187M'22/331.4US$200M'23/330.3US$193M'24/330.5US$194M'25/331.3US$199M'26/3
EBITDA 5Y (¥B)
3.96US$25.2M'22/33.26US$20.8M'23/34.33US$27.6M'24/33.99US$25.4M'25/34.40US$28.0M'26/3
Net Income 5Y (¥B)
1.93US$12.3M'22/31.20US$7.65M'23/32.04US$13.0M'24/31.92US$12.2M'25/31.97US$12.6M'26/3
Capital Structure
99%
EquityD/E 0.01xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
16.7US$106M0.63US$4.03M'22/318.1US$115M0.66US$4.22M'23/322.9US$146M0.69US$4.39M'24/322.5US$143M0.77US$4.92M'25/326.2US$167M0.71US$4.50M'26/3
Shareholders
Top 10 hold 51.0%
1
株式会社日本カストディ銀行(三井住友信託銀行再信託分・三井化学株式会社退職給付信託口)
8.70%
2
Gun Ei Chemical Industry Co.,Ltd. Business Partners' Stock Ownership Association
8.30%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
8.00%
4
Shin-Etsu Chemical Co.,Ltd.
5.00%
5
The Gunma Bank,Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
4.60%
6
Custody Bank of Japan, Ltd. (Trust Account)
3.90%
7
The Bank of Yokohama, Ltd. (Standing Proxy: Custody Bank of Japan, Ltd.)
3.70%
8
Mitsubishi UFJ Trust and Banking Corporation (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
3.50%
9
Japan Securities Finance Co.,Ltd.
2.80%
10
TOKYO OHKA KOGYO CO.,LTD.
2.50%
Management
9 officers
Kiichi ARITA
Representative Director, Chairman
Apr 1967 Joined the Company Dec 1974 Director; General Manager, Shiga Plant Construction Department Nov 1977 Managing Director Jul 1981 Representative Director, Senior Executive Vice President Jul 1987 Representative Director, President, Gunei Borden Co., Ltd. Jul 1988 Representative Director, President of the Company Oct 1997 Representative Director, Big Trading Co., Ltd. Jun 1998 Representative Director, Nippon Kainol Co., Ltd. Jun 1998 Representative Director, Chairman, Gunei Shoji Co., Ltd. Jul 2000 Representative Director, Chairman, Gunei Borden Co., Ltd. Jul 2012 Representative Director, President; in charge of Development Division Jun 2013 Representative Director, President; in charge of Development and Administration Divisions Jul 2015 Representative Director, President; in charge of GCI Plaza Jun 2016 Representative Director, Chairman; overall management (current)
1943-02-23
Kiichiro ARITA
Representative Director, President and Executive Officer
Apr 1998 Joined the Company Jul 2002 Deputy General Manager, Sales Division Jun 2004 Director; General Manager, Administration Division May 2006 Representative Director, President, Nippon Kainol Co., Ltd. Jun 2008 Managing Director; Deputy in charge of Sales Division and General Manager, Overseas Sales Division Apr 2009 Managing Director; General Manager, Corporate Planning Division Apr 2011 Managing Director; in charge of Administration Division Jun 2011 Director, Senior Executive Vice President; overall supervision of Business Development, Manufacturing and Administration Divisions; in charge of Administration Division Jul 2012 Director, Senior Executive Vice President; assistant to the President; in charge of Corporate Planning and Internal Audit Offices Oct 2013 Representative Director, Senior Executive Vice President; assistant to the President; in charge of Corporate Planning and Internal Audit Offices Jun 2016 Representative Director, President; in charge of Administration, Corporate Planning, Internal Audit and Quality Assurance Team Apr 2018 Representative Director, President; in charge of Administration, Internal Audit and Quality Assurance Team Jun 2018 Representative Director, President and Executive Officer; overall management, Internal Audit and Quality Assurance Team (current)
1971-03-11
Katsuhiro MARUYAMA
Director, Executive Officer, General Manager, Corporate Division
Apr 1992 Joined the Company Apr 2009 General Manager, Electronic Materials Unit Feb 2015 Seconded to Thai GCI Resitop Company Limited as Director and President Jun 2018 Executive Officer; seconded to Thai GCI Resitop Company Limited as Director and President Jun 2021 Executive Officer; in charge of Administration Division Jun 2021 Director, Executive Officer, General Manager, Administration Division of the Company Jul 2021 Director, Executive Officer, General Manager, Corporate Division (current)
1969-10-04
Mitsuhiro ARAI
Director, Executive Officer, General Manager, Sales & Marketing Division
Apr 1994 Joined the Company Apr 2013 General Manager, Tokyo Branch Jun 2018 General Manager, Corporate Planning Office Apr 2019 Executive Officer; General Manager, Sales & Marketing Division Jun 2025 Director, Executive Officer, General Manager, Sales & Marketing Division of the Company (current)
1971-04-07
Takeshi TAIHIJI
Director, Executive Officer, General Manager, Manufacturing Division
Apr 1995 Joined the Company Apr 2009 General Manager, Fine Materials Unit Apr 2016 General Manager, Shiga Plant Jul 2021 Executive Officer; General Manager, Manufacturing Division Jul 2025 Senior Executive Officer; General Manager, Manufacturing Division Jun 2026 Director, Executive Officer, General Manager, Manufacturing Division of the Company (current)
1971-03-12
Koji OMURA
Director
Apr 1979 Joined Mitsui Petrochemical Industries, Ltd. (now Mitsui Chemicals, Inc.) Jun 2005 Executive Officer; General Manager, Basic Chemicals Planning and Administration Division; General Manager, Raw Materials Purchasing Division, Mitsui Petrochemical Industries, Ltd. Jun 2009 Managing Director; General Manager, Corporate Planning Division; Chief Representative for China, Mitsui Petrochemical Industries, Ltd. Jun 2011 Managing Director; in charge of Corporate Planning, New Business Promotion and Responsible Care; General Manager, Internal Control Office, Mitsui Petrochemical Industries, Ltd. Apr 2013 Representative Director, Deputy Plant Manager, Executive Officer; General Manager, Production & Technology Division; in charge of SCM, Purchasing, Logistics and Internal Control, Mitsui Petrochemical Industries, Ltd. Jun 2016 Vice President, Executive Officer; General Manager, Basic Materials Business Division, Mitsui Chemicals, Inc. Apr 2018 Special Assistant to the President; in charge of Basic Materials Business Division and Vietnam Project, Mitsui Chemicals, Inc. Apr 2019 Special Advisor, Mitsui Chemicals, Inc. Jun 2020 Outside Director, Oiles Corporation (current) Jun 2021 Director of the Company (current)
1954-02-14
Isao KASAHARA
Director, Full-time Audit and Supervisory Committee Member
Mar 1992 Joined the Company Apr 2016 General Manager, Corporate Planning Office Jun 2018 General Manager, Internal Audit Office Apr 2023 Full-time Contract Advisor, Internal Audit Office Jun 2023 Audit & Supervisory Board Member of the Company Jun 2024 Director, Full-time Audit and Supervisory Committee Member of the Company (current)
1963-03-17
Hiroko SUZUKI
Director, Audit and Supervisory Committee Member
Sep 1982 Joined Ernst & Whinney, Los Angeles Office, U.S. audit firm Apr 1985 Joined Kyowa Sangyo Co., Ltd. Feb 1987 General Manager, Finance Department, Kyowa Sangyo Co., Ltd. Dec 1994 Director, General Manager, Finance Department, Kyowa Sangyo Co., Ltd. Dec 1995 Director, Executive Vice President, Kyowa Sangyo Co., Ltd. Sep 2001 Representative Director, President, Kyowa Sangyo Co., Ltd. (current) Jun 2016 Director, Kyowa Industrial U.S.A. Inc. (current) Jul 2021 Director, Kyowa Eidemiller Precision Machining, Inc. (current) Mar 2022 Director, Kyowa-Ishikawa Casting Co., Ltd. Jun 2024 Outside Director, Sawafuji Electric Co., Ltd. Jun 2024 Director, Audit and Supervisory Committee Member of the Company (current) Feb 2025 Representative Director, President, Kyowa-Ishikawa Casting Co., Ltd. (current)
1959-11-12
Tomohiro MURATA
Director, Audit and Supervisory Committee Member
Apr 1991 Joined Daiwa Securities Co., Ltd. Jul 1994 Joined Daiwa Institute of Research Ltd. Sep 1996 Joined Morgan Stanley Securities Co., Ltd. Feb 2009 Joined Frontier Management Inc.; Managing Director Jun 2015 Outside Director, Yamaichi Electronics Co., Ltd. Jun 2018 Executive Officer, Frontier Management Inc. Jun 2021 Outside Director, Hakuto Co., Ltd. (current) Sep 2025 Advisor, Frontier Management Inc. (current) Sep 2025 Representative Director, President, Buhin Daisuki Co., Ltd. (current) Jun 2026 Outside Director, SMC Corporation (current) Jun 2026 Director, Audit and Supervisory Committee Member of the Company (current)
1968-06-17
Large Shareholding Reports
Naturari Co., Ltd.
2026-06-16
3.27%→3.27%
Naturari Co., Ltd.
2026-05-26
2.40%→3.27%
Ueshima Mikuro
2026-04-03
3.01%→3.18%
Kankuro UEJIMA
2026-03-19
0.00%→3.01%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-30
中期経営計画
TDnet
2026-07-30
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-16
Large Shareholding Report
EDINET
2026-05-26
Large Shareholding Report
EDINET
2026-04-03
Large Shareholding Report
EDINET
2026-03-19
Large Shareholding Report
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-20
Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2025-04-01
Amended Annual Securities Report
Period: Apr 2023 – Mar 2024
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-21
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2024-03-29
Amended Annual Securities Report
Period: Apr 2018 – Mar 2019
EDINETAmended
2024-03-29
Amended Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINETAmended
2024-03-29
Amended Annual Securities Report
Period: Apr 2020 – Mar 2021
EDINETAmended
2024-03-29
Amended Annual Securities Report
Period: Apr 2019 – Mar 2020
EDINETAmended
2024-03-29
Amended Annual Securities Report
Period: Apr 2021 – Mar 2022
EDINET
2024-02-15
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
2023-06-23
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
EDINET
2022-08-10
Quarterly Securities Report
EDINETAmended
2022-07-05
Amended Annual Securities Report
EDINET
2022-06-24
Annual Securities Report
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