Overview
Chemicals

HARIMA CHEMICALS GROUP,INC.

Harima Chemicals Group is a specialty chemicals holding company operating across four core segments: resins & chemical products (coating resins, printing ink resins, adhesive resins, tall oil derivatives), papermaking chemicals (strength agents, sizing agents, coating agents), electronic materials (soldering materials, functional resins for semiconductors, aluminum brazing materials for heat exchangers), and the Lawter business (adhesive/ink resins and road marking resins across 8 countries). The Group serves diverse end markets including automotive, printing, paper/packaging, and electronics industries. Its global reach is further strengthened through the Lawter subsidiary network spanning 15+ companies across major regions.

Market Cap
¥25.0B
US$160M
EV
¥51.9B
US$331M
Stock¥1,029▼-1.44%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
7.5
x
LTM EV/EBIT
13.4
x
LTM PER
8.5
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-8.7%pt
1001
Oct 24, 25 – Oct 23, 26StockTOPIX
1Jul 31, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
25.0BUS$160MMarket Cap41.9BUS$267M+ Debt5.94BUS$37.9M− Cash9.84BUS$62.8M− Inv. Sec.0.72BUS$4.57M+ NCI51.9BUS$331MEV
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Performance & Balance
Revenue 5Y (¥B)
76.1US$485M'22/394.5US$603M'23/392.3US$589M'24/3101US$644M'25/3104US$662M'26/3
EBITDA 5Y (¥B)
5.43US$34.6M'22/34.18US$26.6M'23/32.52US$16.1M'24/34.91US$31.3M'25/36.29US$40.1M'26/3
Net Income 5Y (¥B)
1.75US$11.1M'22/30.89US$5.64M'23/3-1.16-US$7.40M'24/30.76US$4.87M'25/32.35US$15.0M'26/3
Capital Structure
50%
50%
EquityD/E 1.00xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
14.2US$90.8M21.5US$137M'22/315.3US$97.4M33.7US$215M'23/316.8US$107M39.4US$251M'24/314.0US$89.5M42.6US$271M'25/315.7US$100M40.4US$258M'26/3
Shareholders
Top 10 hold 55.0%
1
Hasegawa Kosan Co., Ltd.
11.98%
2
Matsukawa Co., Ltd.
11.98%
3
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.30%
4
Harima Chemicals Kyoei-kai
6.21%
5
Hyogo Prefectural Credit Federation of Agricultural Cooperatives
4.22%
6
Shorai Foundation for Science and Technology Promotion
3.96%
7
Shorai Co., Ltd.
3.84%
8
HARIMA CHEMICALS GROUP,INC. Employee Stock Ownership Association
2.04%
9
BNYM AS AGT/CLTS NON TREATY JASDEC (Standing Proxy: MUFG Bank, Ltd.)
1.88%
10
Sumitomo Mitsui Banking Corporation
1.64%
Management
7 officers
Yoshihiro HASEGAWA
Representative Director, Chairman
Apr 1974 Joined Mitsui Toatsu Chemicals, Inc. (now Mitsui Chemicals, Inc.) Apr 1977 Joined the Company Dec 1977 Director of the Company Aug 1983 Managing Director of the Company Jun 1985 Director and Executive Vice President of the Company Jun 1987 Representative Director and Executive Vice President of the Company May 1988 Representative Director, President, Harima Shoji Co., Ltd. (now Harima Chemicals Trading Co., Ltd.) Jun 1988 Representative Director, President of the Company Nov 1994 Representative Director, President, Harima MID Co., Ltd. (current) Apr 2004 Chairman, Shorai Foundation for Science and Technology Promotion (current) Oct 2012 Representative Director, President, Harima Chemicals, Inc. Jun 2014 Chairman, Rotor Co., Ltd. Jun 2026 Representative Director, Chairman of the Company (current)
1947-08-30
Ichiro YANAKA
Representative Director, President, President Executive Officer
Apr 1993 Joined the Company Apr 2005 Head of Development Office, Central Research Laboratory of the Company Jun 2008 Executive Officer of the Company Jun 2010 Director of the Company Jan 2011 General Manager, Corporate Planning Office of the Company Oct 2012 General Manager, Corporate Planning Group of the Company; General Manager, Information Systems Group of the Company; in charge of Audit Group and Operations Group of the Company Jun 2014 Managing Director of the Company; Managing Executive Officer of the Company; President and CEO, Rotor Co., Ltd. Jun 2020 Senior Managing Director of the Company; Senior Managing Executive Officer of the Company Jun 2021 General Manager, Resins and Chemicals Division of the Company; Director, Harima Chemicals, Inc. Mar 2023 General Manager, R&D Division of the Company; President, R&D Company of the Company Jun 2023 Chairman, Rotor Co., Ltd. Jun 2025 Representative Director, Senior Managing Director of the Company; Member, Nomination and Compensation Committee of the Company (current) Jun 2026 Representative Director, President of the Company (current); President Executive Officer of the Company (current) Representative Director, President, Harima Chemicals, Inc. (current) Representative Director, President, Harima Chemicals Trading Co., Ltd. (current)
1968-03-12
Shunichiro TAOKA
Senior Managing Director, Senior Managing Executive Officer, Chairman of Rotor Co., Ltd., General Manager, Corporate Planning Group
Apr 1982 Joined The Taiyo Kobe Bank, Ltd. (now Sumitomo Mitsui Banking Corporation) Aug 2008 Deputy General Manager, Business Audit Department, the same bank (New York) Oct 2012 General Manager, Audit Group of the Company Oct 2013 Executive Officer of the Company Jun 2015 General Manager, Overseas Business Promotion Group of the Company Jun 2017 Director of the Company; Senior Executive Officer of the Company; in charge of Overseas Business Promotion of the Company; General Manager, Corporate Planning Group of the Company (current) Jun 2021 Managing Director of the Company; Managing Executive Officer of the Company Jul 2023 Chairman, Rotor Co., Ltd. (current) Jun 2026 Senior Managing Director of the Company (current); Senior Managing Executive Officer of the Company (current)
1959-10-21
Akio KAWABATA
Director, Audit and Supervisory Committee Member
Apr 1983 Joined the Company Mar 2002 General Manager, Second Group, Central Research Laboratory of the Company Sep 2009 Manager, Resin & Chemicals Business Planning Section of the Company Nov 2013 Manager in charge of Audit Group of the Company Jun 2015 General Manager, Internal Control Group of the Company Mar 2019 General Manager, Audit Group of the Company Jun 2025 Director, Audit and Supervisory Committee Member of the Company (current) Auditor, Harima Chemicals, Inc. (current)
1958-10-23
Tatsuya MICHIGAMI
Director, Audit and Supervisory Committee Member
Apr 1984 Registered as attorney-at-law Apr 1987 Established Hokumon Sogo Law Office; continuing to present Jun 1987 Outside Audit & Supervisory Board Member of the Company Jun 2015 Director, Audit and Supervisory Committee Member of the Company (current) Apr 2020 Chairman, Nomination and Compensation Committee of the Company (current)
1957-07-14
Yuka HAYASHI
Director, Audit and Supervisory Committee Member
Sep 1985 Joined Minato Audit Corporation (now EY ShinNihon LLC) Apr 1991 Registered as Certified Public Accountant (current) Aug 1998 Partner, Century Audit Corporation (now EY ShinNihon LLC) Jul 2010 Senior Partner, ShinNihon LLC (now EY ShinNihon LLC) Sep 2015 Council Member, EY ShinNihon LLC Sep 2019 Vice Chair of the Council and Audit Committee Member, EY ShinNihon LLC Jul 2022 Director, Audit and Supervisory Committee Member of the Company (current) Representative, Hayashi Certified Public Accountant Office (current) Representative Director, Vice President, Hayashi Corporate Management Research Institute Co., Ltd. (current) Jun 2023 Outside Audit & Supervisory Board Member, Kansai Mirai Bank, Ltd. (current) Outside Audit & Supervisory Board Member, Shimadzu Corporation (current) Jun 2025 Member, Nomination and Compensation Committee of the Company (current)
1961-02-18
Junko KANO
Director, Audit and Supervisory Committee Member
Apr 1996 Joined Kyoto Prefectural Police Headquarters Dec 2007 Registered as attorney-at-law; joined Daiichi Law Office LPC Jan 2017 Partner, Daiichi Law Office LPC (current) Jun 2018 Outside Audit & Supervisory Board Member, Kimura Kohki Co., Ltd. (currently Director, Audit and Supervisory Committee Member) Jun 2025 Director, Audit and Supervisory Committee Member of the Company (current)
1973-06-10
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-25
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-07
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-27
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-07
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
EDINET
2024-02-07
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-07
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-07
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-26
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-07
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-07
Quarterly Securities Report
EDINET
2022-08-08
Quarterly Securities Report
EDINET
2022-06-24
Annual Securities Report
EDINET
2022-02-07
Quarterly Securities Report
EDINET
2021-11-05
Quarterly Securities Report
EDINET
2021-08-06
Quarterly Securities Report
EDINETAmended
2021-06-25
Amended Annual Securities Report
EDINET
2021-06-24
Annual Securities Report
EDINET
2021-02-05
Quarterly Securities Report
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