Overview
Chemicals

Tri Chemical Laboratories Inc.

Tri Chemical Laboratories Inc. develops, manufactures, and sells high-purity chemical compounds primarily for semiconductor and solar cell manufacturing, covering CVD (Chemical Vapor Deposition) materials, dry etching materials (including hydrogen bromide), and diffusion materials used in wafer fabrication processes. The company differentiates itself through proprietary new material development capabilities, custom synthesis, contract experiments, and specialized chemical container design, enabling rapid response to evolving semiconductor miniaturization and process change requirements. Originally established as a supplier of high-purity materials for optical fiber manufacturing, the company has expanded its portfolio to serve leading semiconductor manufacturers globally across Japan, Taiwan, South Korea, and China.

Market Cap
¥95.9B
US$612M
EV
¥85.4B
US$545M
Stock¥2,952▼-1.01%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
9.7
x
LTM EV/EBIT
13.0
x
LTM PER
15.7
x
LTM PBR
2.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-19.9%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Dec 1, 25Sharp rise on semiconductor material demand recovery
MC → EV Bridge
95.9BUS$612MMarket Cap6.19BUS$39.5M+ Debt10.1BUS$64.3M− Cash6.61BUS$42.2M− Inv. Sec.85.4BUS$545MEV
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Performance & Balance
Revenue 5Y (¥B)
11.6US$73.8M'22/113.8US$88.0M'23/111.2US$71.7M'24/118.9US$121M'25/123.9US$152M'26/1
EBITDA 5Y (¥B)
4.00US$25.5M'22/14.71US$30.1M'23/13.25US$20.7M'24/16.63US$42.3M'25/17.82US$49.9M'26/1
Net Income 5Y (¥B)
4.10US$26.1M'22/14.83US$30.8M'23/12.47US$15.8M'24/14.96US$31.6M'25/15.52US$35.2M'26/1
Capital Structure
86%
EquityD/E 0.16xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
13.6US$86.5M4.28US$27.3M'22/115.5US$99.1M3.24US$20.7M'23/113.5US$85.9M2.40US$15.3M'24/113.4US$85.2M1.78US$11.3M'25/113.4US$85.6M4.13US$26.3M'26/1
Shareholders
Top 10 hold 45.2%
1
Junpei TAKENAKA
10.65%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
10.29%
3
Custody Bank of Japan, Ltd. (Trust Account)
10.04%
4
The Yamanashi Chuo Bank,Ltd.
4.30%
5
Tri Chemical Laboratories Inc. Employee Stock Ownership Association
2.20%
6
Nomura Trust and Banking Co., Ltd. (Investment Trust Account)
1.79%
7
USBK NA JP I&W TS (Standing Proxy: MUFG Bank, Ltd.)
1.59%
8
STATE STREET BANK AND TRUST COMPANY 505025 (Standing Proxy: Mizuho Bank, Ltd.)
1.56%
9
SBI SECURITIES Co., Ltd.
1.53%
10
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.29%
Management
10 officers
Junpei TAKENAKA
Representative Director, Chairman
Apr 1966: Joined Nippon Tokushu Fusso Kogyo Co., Ltd. (now AGC Seimi Chemical Co., Ltd.) Jan 1977: Joined Kojundo Chemical Laboratory Co., Ltd. Dec 1978: Established the Company; Representative Director, President Apr 2001: Representative Director, Chairman Jun 2003: Representative Director, President Apr 2009: Director, Chairman Apr 2010: Director, Advisor Apr 2016: Representative Director, Chairman (current)
1940-09-01
Sei FUTSUKI
Representative Director, President and Executive Officer
Apr 1987: Joined the Company Jul 2002: General Manager, Sales Department May 2004: General Manager, Sales Division Apr 2007: Director, General Manager, Sales Division Oct 2009: Audit & Supervisory Board Member, H.B.R. Co., Ltd. (current) Apr 2012: Senior Managing Director Apr 2014: Representative Director, President Jul 2016: Director, SK Tri Chem Co., Ltd. (current) Mar 2017: Director, Sanhua Electronic Materials Co., Ltd. (current) Apr 2022: Representative Director, President and Executive Officer, in charge of overall management (current) Apr 2025: Director, Sun Fluoro Systems Co., Ltd. (current)
1964-10-21
Hironobu OSUGI
Director and Executive Officer
Apr 1995: Joined the Company Apr 2006: General Manager, Manufacturing Department Feb 2017: General Manager, Manufacturing and Production Engineering Division Apr 2017: Director in charge of Manufacturing and Production Engineering Sep 2019: Representative Director, President, H.B.R. Co., Ltd. (current) Apr 2022: Executive Officer in charge of Technology Apr 2023: Director and Executive Officer in charge of Technology (current)
1972-08-13
Yoshihide SUZUKI
Director and Executive Officer
Apr 1994: Joined the Company Oct 2007: General Manager, Corporate Planning Office Apr 2014: General Manager, General Affairs Department Feb 2017: General Manager, General Affairs and System Administration Division Apr 2018: Director in charge of General Affairs, System Administration and Quality Control Feb 2021: Director in charge of Accounting, Finance and Procurement Mar 2022: Director, SK Tri Chem Co., Ltd. (current) Apr 2022: Executive Officer in charge of Administration Apr 2022: Director, Sanhua Electronic Materials Co., Ltd. (current) Apr 2024: Director and Executive Officer in charge of Administration (current)
1971-07-31
Satoru SHIBUYA
Full-time Audit & Supervisory Board Member
Apr 1989: Joined the Company Jun 2006: General Manager, Internal Audit Office Apr 2026: Audit & Supervisory Board Member (current)
1965-11-15
Toshihisa HASHIMOTO
Director (Note 1)
Oct 2006: Registered with the Daini Tokyo Bar Association Oct 2006: Joined Chugai Partners Law Office May 2016: Legal Counsel to the Company Apr 2023: Director (current) Dec 2024: Joined JMP Law Office as Partner Attorney (current)
1978-02-03
Hitoshi IIDA
Director (Note 1)
Apr 1981: Joined Furukawa Mining Co., Ltd. (now Furukawa Machinery & Metals Co., Ltd.) Jul 2003: General Manager, Sales Department, Electronic Materials Division, Furukawa Machinery & Metals Co., Ltd. Mar 2005: Director, General Manager, Sales Department, Furukawa Electronic Co., Ltd. Jun 2005: Director, Iwaki Semiconductor Co., Ltd. Apr 2014: President, FD Coil Philippines, Inc. Jun 2016: Representative Director, President, Furukawa Electronic Co., Ltd.; Representative Director, Executive Vice President, Iwaki Semiconductor Co., Ltd. Jun 2018: Executive Officer, Furukawa Machinery & Metals Co., Ltd. Jun 2023: Chairman, Furukawa Electronic Co., Ltd.; Audit & Supervisory Board Member, Furukawa Machinery & Metals Co., Ltd. Apr 2024: Director (current)
1958-03-02
Kyoko KATO
Director (Note 1)
Apr 1986: Joined the Company Apr 1991: Joined Ecolab K.K. (now Ecolab LLC) as Senior Chemist May 1996: Joined Sigma-Aldrich Japan K.K. (now Sigma-Aldrich Japan LLC) as Group Leader, Marketing Communications Mar 2005: Joined Life Technologies Japan Ltd. as Marketing Communications Manager Aug 2010: Joined AB SCIEX K.K. as Regional Marketing Manager Jun 2013: Joined Vertical Japan LLC as Senior Customer Success Manager Sep 2014: Joined Pitney Bowes Japan Ltd. as General Manager, Public Relations Nov 2015: Joined Bruker Japan Co., Ltd. as Marketing Communications Manager (current) Apr 2024: Director (current)
1963-04-06
Koji SAKAKURA
Audit & Supervisory Board Member (Note 2)
Oct 1992: Joined Ota Showa & Co. (now EY ShinNihon LLC) Apr 1997: Registered as Certified Public Accountant Jan 2005: Registered as Certified Tax Accountant Feb 2012: Representative Director, Sakakura Management Research Co., Ltd. (current) Jan 2013: Head, Sakakura Certified Public Accountant Office (current) Apr 2024: Audit & Supervisory Board Member (current)
1965-03-13
Eikichi TEI
Audit & Supervisory Board Member (Note 2)
Apr 1992: Joined Fujitsu SSL Ltd. Apr 1993: Joined Hitachi High-Tech Korea Nov 2013: Representative Director, Sumatec Co., Ltd. (current) Apr 2024: Audit & Supervisory Board Member (current)
1962-11-03
Large Shareholding Reports
Asset Management One Co., Ltd.
2026-10-22
5.21%
Nomura Asset Management Co., Ltd.
2026-10-19
9.95%→10.35%
Nomura Asset Management Co., Ltd.
2026-07-22
9.92%→9.92%
Wellington Management Japan Pte Ltd
2026-07-21
4.83%→6.08%
Nomura Asset Management Co., Ltd.
2026-07-10
9.90%→9.92%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2026-07-06
3.72%→2.85%
Nomura Asset Management Co., Ltd.
2026-06-23
9.89%→9.90%
Nomura Asset Management Co., Ltd.
2026-06-16
9.89%→9.89%
Nomura Asset Management Co., Ltd.
2026-06-15
9.97%→9.89%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2026-06-04
4.46%→3.72%
Nomura Asset Management Co., Ltd.
2026-05-29
9.30%→9.97%
Junpei TAKENAKA
2026-05-21
11.70%→10.66%
Annual report (as of 2026-07-31): 10.65%
Wellington Management Japan Pte Ltd
2026-05-20
4.83%
Junpei TAKENAKA
2026-05-13
12.81%→11.70%
Annual report (as of 2026-07-31): 10.65%
Asset Management One Co., Ltd.
2026-05-12
5.06%→4.10%
Mitsubishi UFJ Asset Management Co., Ltd.
2026-05-08
2.67%→2.67%
Nomura Asset Management Co., Ltd.
2026-04-20
9.29%→9.30%
Nomura Asset Management Co., Ltd.
2026-04-09
9.35%→9.29%
Mitsubishi UFJ Trust and Banking Corporation
2026-03-30
3.21%
Nomura Asset Management Co., Ltd.
2026-03-26
10.21%→9.35%
Junpei TAKENAKA
2026-03-25
13.32%→12.81%
Annual report (as of 2026-07-31): 10.65%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2026-03-19
5.00%→4.46%
Nomura Asset Management Co., Ltd.
2026-02-25
9.97%→10.21%
Nomura Asset Management Co., Ltd.
2026-02-09
10.01%→9.97%
Nomura Asset Management Co., Ltd.
2026-02-05
10.09%→10.01%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2026-02-05
4.82%→5.00%
Nomura Asset Management Co., Ltd.
2026-01-27
10.27%→10.09%
Nomura Asset Management Co., Ltd.
2026-01-23
10.28%→10.27%
Nomura Asset Management Co., Ltd.
2026-01-19
9.95%→10.28%
Nomura Asset Management Co., Ltd.
2025-12-24
9.66%→9.95%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-12-19
5.03%→4.82%
Nomura Asset Management Co., Ltd.
2025-12-08
9.42%→9.66%
Nomura Asset Management Co., Ltd.
2025-11-12
9.03%→9.42%
Nomura Asset Management Co., Ltd.
2025-11-05
8.23%→9.03%
Nomura Asset Management Co., Ltd.
2025-10-07
8.12%→8.23%
Nomura Asset Management Co., Ltd.
2025-09-30
8.15%→8.12%
Nomura Asset Management Co., Ltd.
2025-09-24
7.76%→8.15%
Capital Research and Management Company
2025-09-22
7.94%→0.56%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
5.43%→5.03%
Nomura Asset Management Co., Ltd.
2025-09-19
6.19%→7.76%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-08-21
6.36%→5.43%
Nomura Asset Management Co., Ltd.
2025-08-21
5.42%→6.19%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-22
Large Shareholding Report
EDINET
2026-10-19
Large Shareholding Report
EDINET
2026-09-14
Semi-Annual Securities Report
Period: Feb 2026 – Jul 2026
TDnet
2026-08-31
Q2 Earnings Flash
FY ending Jan 2027
EDINET
2026-07-22
Large Shareholding Report
EDINET
2026-07-21
Large Shareholding Report
EDINET
2026-07-10
Large Shareholding Report
EDINET
2026-07-06
Large Shareholding Report
EDINET
2026-06-23
Large Shareholding Report
EDINET
2026-06-16
Large Shareholding Report
EDINET
2026-06-15
Large Shareholding Report
EDINET
2026-06-04
Large Shareholding Report
EDINET
2026-05-29
Large Shareholding Report
TDnet
2026-05-29
Q1 Earnings Flash
FY ending Jan 2027
EDINET
2026-05-21
Large Shareholding Report
EDINET
2026-05-20
Large Shareholding Report
EDINET
2026-05-13
Large Shareholding Report
EDINET
2026-05-12
Large Shareholding Report
EDINET
2026-05-08
Large Shareholding Report
EDINET
2026-04-24
Annual Securities Report
Period: Feb 2025 – Jan 2026
EDINET
2026-04-20
Large Shareholding Report
EDINET
2026-04-09
Large Shareholding Report
EDINET
2026-03-30
Large Shareholding Report
EDINET
2026-03-26
Large Shareholding Report
EDINET
2026-03-25
Large Shareholding Report
EDINET
2026-03-19
Large Shareholding Report
EDINET
2026-02-25
Large Shareholding Report
EDINET
2026-02-09
Large Shareholding Report
EDINET
2026-02-05
Large Shareholding Report
EDINET
2026-02-05
Large Shareholding Report
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