Overview
Chemicals

ADEKA CORPORATION

ADEKA Corporation is a diversified chemical and food company operating across four segments: Chemicals, Food, Life Science, and Others. Its Chemicals division produces resin additives (polyolefin additives, PVC stabilizers, flame retardants), electronic materials (high-purity semiconductor materials, photoacid generators, photocurable resins), and environmental materials (epoxy resins, surfactants, battery materials). Its Food division manufactures margarines, shortenings, chocolate fats, plant-based foods, and functional food ingredients, while its Life Science division covers agrochemicals, pharmaceuticals, and veterinary medicines through subsidiaries including Nihon Nohyaku.

Market Cap
¥437B
US$2.79B
EV
¥379B
US$2.42B
Stock¥4,504▼-0.49%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.8
x
LTM EV/EBIT
6.9
x
LTM PER
13.9
x
LTM PBR
1.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+6.6%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 10, 26Q3 earnings release & guidance downgrade
2Mar 9, 26Market-wide: Semiconductor stocks adjustment
3Aug 7, 26Q1 net profit +48%, FY guidance raised by ¥3.2bn to ¥32.0bn
MC → EV Bridge
437BUS$2.79BMarket Cap49.2BUS$314M+ Debt98.6BUS$629M− Cash67.5BUS$430M− Inv. Sec.59.0BUS$376M+ NCI379BUS$2.42BEV
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Performance & Balance
Revenue 5Y (¥B)
363US$2.32B'22/3403US$2.57B'23/3400US$2.55B'24/3407US$2.60B'25/3417US$2.66B'26/3
EBITDA 5Y (¥B)
50.5US$322M'22/348.4US$308M'23/352.5US$335M'24/358.6US$374M'25/360.4US$386M'26/3
Net Income 5Y (¥B)
23.7US$151M'22/316.8US$107M'23/323.0US$147M'24/325.0US$160M'25/327.9US$178M'26/3
Capital Structure
87%
EquityD/E 0.15xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
118US$751M56.1US$358M'22/3115US$732M56.9US$363M'23/3140US$896M76.0US$485M'24/3153US$975M64.0US$408M'25/3146US$933M62.7US$400M'26/3
Shareholders
Top 10 hold 40.4%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
11.41%
2
Custody Bank of Japan, Ltd. (Trust Account)
7.07%
3
Asahi Mutual Life Insurance Company (Standing Proxy: Custody Bank of Japan, Ltd.)
4.12%
4
Mizuho Trust & Banking Co., Ltd. (Retirement Benefit Trust, Mizuho Bank, Ltd. Account; Re-trustee: Custody Bank of Japan, Ltd.)
3.83%
5
ADEKA Business Partners' Stock Ownership Association
3.19%
6
Zenkyoren (National Mutual Insurance Federation of Agricultural Cooperatives) (Standing Proxy: Master Trust Bank of Japan, Ltd.)
2.37%
7
State Street Bank and Trust Company 505001 (Standing Proxy: Mizuho Bank, Ltd., Settlement & Clearing Services Department)
2.33%
8
ZEON CORPORATION
2.22%
9
The Bank of New York Mellon 140042 (Standing Proxy: Mizuho Bank, Ltd., Settlement & Clearing Services Department)
1.92%
10
Showa Kosan Co., Ltd.
1.90%
Management
10 officers
Hidetaka JOZUME
Representative Director, President and Executive Officer
Apr 1985 Joined the Company Jun 2014 Executive Officer, General Manager, Chemical Products Planning Department Jun 2015 Executive Officer, General Manager, Osaka Branch Jun 2016 Director and Executive Officer, General Manager, Osaka Branch Jun 2017 Director and Managing Executive Officer, General Manager, Corporate Planning Department, Chair of Capital Investment Committee Jun 2018 Representative Director, President Jun 2023 Representative Director, President and Executive Officer (current)
1961-11-10
Yoshiaki KOBAYASHI
Representative Director and Senior Managing Executive Officer, Assistant to the President; in charge of Human Resources; in charge of Purchasing & Logistics; Chair of Internal Control Promotion Committee
Apr 1985 Joined the Company Jun 2016 Executive Officer, Deputy General Manager, Food Division, General Manager, East Japan Food Sales Department Jun 2017 Director and Executive Officer, General Manager, Food Division, Project Leader, East Asia Food Business (current: Project Leader, Overseas Food Business) Mar 2018 Chairman, ADEKA Food (Changshu) Co., Ltd. Jun 2021 Director and Managing Executive Officer Jun 2023 Managing Executive Officer Jun 2025 Senior Managing Executive Officer Jun 2026 Representative Director and Senior Managing Executive Officer (current) Assistant to the President (current) In charge of Human Resources (current) In charge of Purchasing & Logistics (current) Chair of Internal Control Promotion Committee (current)
1962-05-07
Yoji SHIGA
Director and Managing Executive Officer; in charge of Finance & Accounting; in charge of Information Systems
Apr 1985 Joined the Company Jun 2014 Executive Officer, General Manager, Finance & Accounting Department Jun 2018 Director and Executive Officer Jun 2022 In charge of Finance & Accounting (current), in charge of Information Systems (current), in charge of Digital Business Transformation Promotion Department Jun 2025 Director and Managing Executive Officer (current) Jun 2026 Director, Nihon Nohyaku Co., Ltd. (current)
1962-08-03
Kiyoshi MASAMUNE
Director and Executive Officer; in charge of Legal & Public Relations; in charge of Corporate Planning; Chair of Compliance Promotion Committee; Chair of Capital Investment Committee
Apr 1988 Joined the Company Jun 2018 Executive Officer, General Manager, Corporate Planning Department Jun 2024 Director and Executive Officer (current) In charge of Legal & Public Relations (current) In charge of Corporate Planning (current) Chair of Compliance Promotion Committee (current) Chair of Capital Investment Committee (current)
1964-03-13
Makoto HORIGUCHI
Outside Director
Apr 1979 Joined Iwatani Corporation Jun 2012 Executive Officer, Iwatani Corporation Jun 2016 Director and Executive Officer, General Manager, Industrial Gas & Machinery Business Division, Iwatani Corporation Apr 2017 Managing Director and Executive Officer, Iwatani Corporation Jul 2018 General Manager, Customer Service Division, Iwatani Corporation Apr 2019 Director and Senior Managing Executive Officer, Iwatani Corporation; in charge of Industrial Gas, Hydrogen and Machinery Divisions Apr 2020 Director and Executive Vice President Executive Officer, Iwatani Corporation; in charge of Sales Division Jun 2021 Outside Director, the Company (current) Apr 2022 Director and Executive Vice President Executive Officer, Iwatani Corporation; in charge of New Product Development and Market Research Departments; Chair of Crisis Management Committee Apr 2024 Director, Iwatani Corporation Apr 2024 Chairman, Higashi Nihon Iwatani Gas Co., Ltd. Apr 2024 Representative Director, President, Kashima Liquefied Gas Joint Stockpiling Co., Ltd. (current) Jun 2024 Special Executive, Iwatani Corporation
1955-12-05
Koichi TAYA
Director, Full-time Audit and Supervisory Committee Member
Apr 1986 Joined the Company Jun 2018 Executive Officer, General Manager, Purchasing & Logistics Department Jun 2020 Executive Officer, General Manager, Osaka Branch Jun 2022 Director, Full-time Audit and Supervisory Committee Member (current)
1962-06-16
Ikuko HIRASAWA
Outside Director, Audit and Supervisory Committee Member
Dec 1989 Registered as attorney (Tokyo Bar Association); joined Kanto Law Office Feb 2004 Opened Allegretto Law Office and joined as attorney Dec 2009 Public Interest Member, Tokyo Metropolitan Labor Relations Commission Apr 2012 Vice Chair, Kanto Bar Association Federation Dec 2013 Member, Telecommunications Dispute Settlement Committee, Ministry of Internal Affairs and Communications Apr 2017 Vice President, Tokyo Bar Association Apr 2019 Vice President, Japan Federation of Bar Associations Apr 2021 Acting Chair, Former Eugenics Protection Law Lump-Sum Payment Certification Review Committee, Ministry of Health, Labour and Welfare Jul 2022 Director, Nihon University (current) Sep 2022 Partner, Oozora Law Office (current) Jun 2023 Outside Director, Audit and Supervisory Committee Member, the Company (current) Jun 2024 Vice Chair, Japan Council for Quality Health Care (current) Feb 2025 Member, Former Eugenics Protection Law Compensation Certification Review Committee, Children and Families Agency (current)
1954-01-14
Shigeru ENDO
Outside Director
Apr 1974 Joined Ministry of Foreign Affairs (MOFA) Feb 1989 Seconded to International Energy Agency Apr 2001 Deputy Director-General, Middle East and Africa Bureau, MOFA Feb 2002 Deputy Director-General, Consular and Migrant Affairs Department, MOFA Aug 2003 Permanent Representative of Japan to International Organizations in Geneva; Consul General of Japan in Geneva Mar 2007 Ambassador Extraordinary and Plenipotentiary to Tunisia Jul 2009 Ambassador Extraordinary and Plenipotentiary to Saudi Arabia Oct 2012 Retired from MOFA Jun 2013 Outside Director, JGC Holdings Corporation; Outside Director, Iino Kaiun Kaisha, Ltd. Apr 2014 Counselor, MOFA; Ambassador in charge of Iraq Issues Apr 2015 Counselor, MOFA; Ambassador in charge of Gulf Cooperation Council and Gulf Region Dec 2017 Counselor, MOFA 2025 Special Envoy for International Exposition Bid Jun 2018 Outside Director, the Company (current)
1948-10-16
Naoya TAKAHASHI
Outside Director
Apr 1973 Joined Hitachi, Ltd. Apr 2006 Senior Executive Officer; Deputy Group Executive, Information & Telecommunication Systems Group; CTO Apr 2009 Executive Vice President and Executive Officer, Representative Executive Officer; in charge of Information Infrastructure Business, R&D, and Information Systems; CTO, CIO and CISO of Hitachi Group Apr 2011 President and Executive Officer, Hitachi Electronic Service Co., Ltd. Oct 2011 Representative Director, President and Executive Officer, Hitachi Systems, Ltd. Apr 2016 Senior Advisor, Hitachi Systems, Ltd. Apr 2020 Special Advisor, Hitachi Systems, Ltd. Apr 2023 Honorary Senior Advisor, Hitachi Systems, Ltd. Apr 2023 Executive Advisor, Cloud Service Platform Business Unit, Hitachi, Ltd. Apr 2024 Executive Advisor, Hitachi Vantara K.K. (current) Jun 2024 Outside Director, the Company (current)
1948-10-17
Yukiko FUJIKAWA
Outside Director, Audit and Supervisory Committee Member
Oct 1988 Joined Chuo Shinko Audit Corporation (later Misuzu Audit Corporation) Mar 1992 Registered as Certified Public Accountant Jun 1998 Financial Securities Inspector, Inspection Coordination Division, Inspection Department, Financial Supervisory Agency (current: Financial Services Agency) Jul 2000 Opened Yukiko Fujikawa CPA Office; Director (current) Dec 2004 Registered as Certified Tax Accountant Jan 2012 Established Accounting Practice Research Institute Tax Corporation; Representative Partner (current) Mar 2013 Supervisory Officer, Hoshino Resorts REIT Investment Corporation (current) Jun 2020 Outside Director, Sotetsu Holdings, Inc. (current) Feb 2025 Outside Director, Audit and Supervisory Committee Member, Lacto Japan Co., Ltd. (current) Jun 2025 Outside Director, Audit and Supervisory Committee Member, the Company (current)
1965-03-16
Large Shareholding Reports
Mizuho Bank, Ltd.
2026-03-23
3.63%→3.63%
Sumitomo Mitsui DS Asset Management Company, Limited
2025-12-05
4.81%
Amova Asset Management Co., Ltd.
2025-11-07
2.00%
Nikko Asset Management Co., Ltd.
2025-09-04
2.60%→1.97%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-15
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-03-23
Large Shareholding Report
TDnet
2026-02-10
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-12-05
Large Shareholding Report
EDINET
2025-11-11
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-11-07
Large Shareholding Report
EDINET
2025-09-04
Large Shareholding Report
TDnet
2025-08-08
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-18
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-12
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
EDINETAmended
2024-11-12
Amended Securities Registration Statement
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
EDINETAmended
2024-06-24
Amended Securities Registration Statement
EDINETAmended
2024-06-24
Amended Securities Registration Statement
EDINETAmended
2024-06-21
Amended Securities Registration Statement
EDINETAmended
2024-06-21
Amended Securities Registration Statement
EDINET
2024-06-21
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-05-22
Securities Registration Statement
EDINET
2024-05-22
Securities Registration Statement
EDINET
2024-02-09
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
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
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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