Overview
Chemicals

MANAC Chemical Partners Co.,Ltd

Manac Chemical Partners is a specialty chemicals holding company whose core operating subsidiary, Manac Corporation, specializes in bromine and iodine compounds characterized by small-lot, multi-product manufacturing. The group's products span three business segments—Fine Chemicals (functional materials for pharmaceuticals, semiconductors, and electronics), Flame Retardants (for electrical products and automotive components), and Health Support (raw materials for artificial dialysis agents and antibacterial agents). The group leverages its expertise in specialty halogen chemistry to serve diverse industrial sectors including pharmaceuticals, advanced materials, and IT-related applications.

Market Cap
¥8.13B
US$51.8M
EV
¥2.67B
US$17.0M
Stock¥994▲+0.00%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
1.9
x
LTM EV/EBIT
2.6
x
LTM PER
8.3
x
LTM PBR
0.7
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+43.0%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 10, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
8.13BUS$51.8MMarket Cap0.79BUS$5.04M+ Debt4.19BUS$26.7M− Cash2.06BUS$13.1M− Inv. Sec.2.67BUS$17.0MEV
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Performance & Balance
Revenue 5Y (¥B)
10.7US$68.3M'22/311.9US$75.6M'23/39.69US$61.8M'24/39.30US$59.3M'25/311.0US$70.1M'26/3
EBITDA 5Y (¥B)
1.19US$7.59M'22/31.48US$9.42M'23/30.36US$2.28M'24/30.14US$0.88M'25/31.11US$7.08M'26/3
Net Income 5Y (¥B)
0.71US$4.54M'22/30.82US$5.24M'23/30.08US$0.48M'24/3-0.90-US$5.71M'25/30.78US$4.98M'26/3
Capital Structure
94%
EquityD/E 0.07xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
3.70US$23.6M0.29US$1.86M'22/35.24US$33.4M0.29US$1.85M'23/34.75US$30.3M'24/34.29US$27.3M'25/35.82US$37.1M0.82US$5.20M'26/3
Shareholders
Top 10 hold 55.6%
1
TOSOH CORPORATION
19.67%
2
Matsunaga Foundation (General Incorporated Foundation)
16.40%
3
Shoji SUGINOHARA
5.69%
4
The Hiroshima Bank, Ltd.
3.95%
5
Godo Shigen Co., Ltd.
2.45%
6
MANAC Chemical Partners Co.,Ltd Employee Stock Ownership Association
1.86%
7
Kowa Bussan Co., Ltd.
1.48%
8
SUGAI CHEMICAL INDUSTRY CO.,LTD.
1.47%
9
Koya MURATA
1.42%
10
Nakao Pharmaceutical Co., Ltd.
1.24%
Management
9 officers
Shoji SUGINOHARA
Representative Director, Chairman and President
Apr 1973 Joined Manac Inc. Jun 1990 Director, Manac Inc. Jun 1998 Director, General Manager of Sales Division, Manac Inc. Jun 2001 Representative Managing Director, General Manager of Business Division, Manac Inc. Jun 2003 Representative Senior Managing Director, Manac Inc. Apr 2006 Representative Director, President, Manac Inc. Apr 2009 Representative Director, President, Hakko Tsusho Co., Ltd. Jun 2013 Representative Director, Chairman, Hakko Tsusho Co., Ltd. Apr 2018 Representative Director, Chairman, Manac Inc. Jul 2020 Outside Director, Nitto Seimo Co., Ltd. (current) Oct 2021 Representative Director, Chairman, the Company Jun 2022 Representative Director, Chairman and President, the Company (current)
1949-12-05
Yasuaki HANASAKI
Director
Apr 1986 Joined Toyo Soda Manufacturing Co., Ltd. (now Tosoh Corporation) May 2010 Joined Manac Inc., General Manager, R&D Department Oct 2010 General Manager, Research Laboratory, Manac Inc. Apr 2017 General Manager, Bromine and Flame Retardant Solutions Business Division, Manac Inc. Jul 2018 Executive Officer, General Manager, Bromine and Flame Retardant Solutions Business Division, Manac Inc. Jun 2022 Director and Executive Officer, General Manager, Material Solutions Business Division, in charge of Fine Chemicals Business Division, Health Support Business Division, Purchasing Department, Functional Materials R&D Department and Digital Promotion Department, involved in Management Administration Department and Hakko Tsusho Co., Ltd., Manac Inc. Jul 2024 Executive Officer, General Manager, Business Development Center, Manac Inc. Feb 2025 Director and Executive Officer, General Manager, Business Development Center, Manac Inc. Jun 2025 Director, the Company (current)
1962-01-21
Seigo YOSHIDA
Director
Jan 2009 Joined Manac Inc. Jul 2021 General Manager, Strategic Planning Office, Corporate Planning and Administration Division, Manac Inc. Jul 2022 General Manager, Strategic Planning Department, Manac Inc. Oct 2022 General Manager, Corporate Planning Office and Finance Office, the Company (transferred) Jan 2023 General Manager, Secretariat, General Planning and Finance Office, Manac Inc. Jun 2025 Director, the Company (current) Mar 2026 Director, Kinkai Chemical Co., Ltd. (current)
1981-01-20
Yumi OGOSHI
Outside Director
Apr 1982 Joined Japan Patent Office Mar 1997 Assistant Chief, Clerical Section, Trial and Appeal Department, Japan Patent Office Apr 2000 Senior Chief Examiner, Second Patent Examination Department, Japan Patent Office Apr 2002 Part-time Lecturer, Graduate School, Shinshu University Apr 2003 Principal Senior Examiner, Second Patent Examination Department, Japan Patent Office Oct 2003 Associate Professor, National Graduate Institute for Policy Studies Apr 2005 Professor, Graduate School of Professional Studies (MIP), Tokyo University of Science Apr 2018 Professor, Graduate School of Professional Studies (MOT), Tokyo University of Science Jun 2023 Outside Director, Sanken Electric Co., Ltd. Jun 2024 Outside Director (part-time), the Company (current) Apr 2025 Patent Attorney Adviser, TRY International Patent Firm (current) Apr 2025 Contract Professor, Graduate School of Professional Studies, Tokyo University of Science (current) Jun 2025 Outside Director (Audit and Supervisory Committee Member), Sanken Electric Co., Ltd. (current) Jun 2026 Outside Director, Manac Inc. (current)
1959-12-04
Makoto SUGINOHARA
Director, Audit and Supervisory Committee Member
Apr 1982 Joined Manac Inc. Apr 2003 General Manager, General Affairs and Human Resources Department, Management Division, Manac Inc. Apr 2007 General Manager, Purchasing Department, Manac Inc. Jun 2010 General Manager, Administration Department, Manac Inc. Jun 2018 Executive Officer, Deputy General Manager, Administration Department, Manac Inc. Apr 2019 General Manager, Internal Audit Office, Manac Inc. Jun 2019 Director, Audit and Supervisory Committee Member, Manac Inc. Jun 2020 Audit & Supervisory Board Member, Hakko Tsusho Co., Ltd. Oct 2021 Audit & Supervisory Board Member, Manac Inc. (current) Oct 2021 Full-time Director, Audit and Supervisory Committee Member, the Company (current) Mar 2026 Audit & Supervisory Board Member, Kinkai Chemical Co., Ltd. (current)
1959-04-10
Yasuhito UTSUMI
Outside Director, Audit and Supervisory Committee Member
Jun 1975 Director, Kowa Bussan Co., Ltd. Mar 1992 Standing Member, Fukuyama Chamber of Commerce and Industry Jan 1995 Representative Director, President, Kowa Bussan Co., Ltd. Jun 1996 Outside Director, Hiroshima Home Television Co., Ltd. (current) Jun 2003 Audit & Supervisory Board Member (part-time), Manac Inc. Oct 2009 Chairman, Fukuyama City Board of Education Dec 2011 Representative Director, President, Matsunaga Country Club Co., Ltd. (current) Jun 2015 President, Fukuyama Corporate Tax Association; Councillor, National Federation of Corporate Tax Associations; Director, Audit and Supervisory Committee Member, Manac Inc. Oct 2021 Outside Director, Audit and Supervisory Committee Member, the Company (current) Jan 2023 Representative Director, Chairman and President, Kowa Bussan Co., Ltd. (current) Jun 2024 Representative Director, President, FM Fukuyama Co., Ltd. (current) Jun 2024 President, Hiroshima Rowing Association (current)
1950-07-02
Shigeki MORINOBU
Outside Director, Audit and Supervisory Committee Member
Apr 1973 Joined Ministry of Finance May 1981 Second Secretary, Embassy of Japan in the Soviet Union Apr 1983 First Secretary, Embassy of Japan in the Soviet Union May 1983 Consul, Consulate General of Japan in Los Angeles May 1988 Counselor, Ministry of Finance, stationed in London (seconded to Export-Import Bank of Japan) Jul 1992 Director, Research Office, General Affairs Division, Securities Bureau, Ministry of Finance Jul 1997 Director, General Affairs Division, Tax Bureau, Ministry of Finance Jul 2005 Director-General, Policy Research Institute, Ministry of Finance Jan 2007 Special Research Fellow, Policy Research Institute, Ministry of Finance (current) Apr 2007 Professor, Chuo University Law School Apr 2007 Senior Research Fellow, Tokyo Foundation for Policy Research Oct 2009 Representative Director, Japan Tax Institute (current) Jun 2015 Outside Director, Shin Nippon Air Technologies Co., Ltd. Mar 2018 Research Director, Tokyo Foundation for Policy Research Jun 2023 Outside Director, Audit and Supervisory Committee Member, the Company (current) May 2025 Senior Policy Officer, Tokyo Foundation for Policy Research (current)
1950-01-05
Satoshi YAMASHITA
Director
Apr 1994 Joined Tosoh Corporation Jul 1994 Logistics Management Section, Logistics Department, Nanyo Plant, Tosoh Corporation Apr 1996 Logistics Management Section, Logistics Department, Tosoh Corporation May 1998 Amines Department, Fine Chemicals Business Division, Tosoh Corporation Jun 2000 Amines Department, Organic Chemicals Business Division, Tosoh Corporation Feb 2010 Tosoh (Shanghai) Trading Co., Ltd. Oct 2014 Planning and Development Office, Urethane Business Division, Tosoh Corporation Mar 2015 Functional Urethane Department, Urethane Business Division, Tosoh Corporation Jun 2022 Seconded to Tosoh Hellas Single Member S.A. Jun 2026 Executive Officer, General Manager, Organic Chemicals Business Division, Tosoh Corporation (current) Jun 2026 Outside Director (part-time), the Company (scheduled)
1971-09-13
Atsushi KUROMATSU
Outside Director
Apr 1992 Joined Japan External Trade Organization (JETRO) Jun 2000 Representative Director, I.E.J. Inc. Dec 2006 Staff, House of Representatives (special national public service position) Jun 2013 Representative Director, Miteri Associates Inc. (current) Apr 2014 Director, TABLE FOR TWO USA (U.S. nonprofit organization) (current) Mar 2018 Director, TABLE FOR TWO International (NPO) (current) Sep 2021 Director, Pokémon With You Foundation (current) Jun 2022 Director, Matsuoka Corporation Co., Ltd. Jul 2022 Director, Seven J Digital Partners Inc. (current) Jun 2023 Outside Director (part-time), the Company (current)
1969-01-20
Large Shareholding Reports
Tosoh Corporation
2026-03-24
18.65%
Annual report (as of 2026-03-31): 19.67%
Tosoh Corporation
2026-03-24
18.65%→18.65%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 19.67%
Tosoh Corporation
2026-03-24
18.65%
Correction filing (name/detail fix only) — ratio carried over from the original filing
Annual report (as of 2026-03-31): 19.67%
Tosoh Corporation
2026-02-27
18.65%
Annual report (as of 2026-03-31): 19.67%
Tosoh Corporation
2026-02-27
18.65%→18.65%
Annual report (as of 2026-03-31): 19.67%
General Foundation Matsunaga Foundation
2025-12-01
15.54%
Annual report (as of 2026-03-31): 16.40%
General Foundation Matsunaga Foundation
2025-11-28
15.54%
Annual report (as of 2026-03-31): 16.40%
Shoji SUGINOHARA
2025-08-27
5.44%
Annual report (as of 2026-03-31): 5.69%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-26
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINETAmended
2026-03-24
Change Report
EDINET
2026-03-24
Large Shareholding Report
EDINETAmended
2026-03-24
Change Report
EDINET
2026-02-27
Large Shareholding Report
EDINET
2026-02-27
Large Shareholding Report
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
EDINETAmended
2025-12-01
Change Report
EDINET
2025-11-28
Large Shareholding Report
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-08-27
Large Shareholding Report
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
2024-06-28
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-30
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
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