Overview
Chemicals

FUJIKURA KASEI CO.,LTD.

Fujikura Kasei is a chemical manufacturer specializing in acrylic resin-derived products across five business segments: coating materials (primarily for plastics), architectural paints, electronic materials (conductive resin paints and adhesives), chemical products (functional resin bases such as toner binder resins and adhesive base resins), and synthetic resins. The company provides proprietary solutions tailored to customer needs, leveraging advanced R&D capabilities in polymer chemistry. Its electronic materials segment also serves Fujikura Ltd., a major wire and cable manufacturer, as a related party.

Market Cap
¥31.0B
US$197M
EV
¥10.2B
US$65.1M
Stock¥1,084▲+0.09%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
2.5
x
LTM EV/EBIT
3.3
x
LTM PER
8.3
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+50.8%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 12, 26Earnings-related news (outperform TOPIX by 15.8%)
2Aug 7, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
31.0BUS$197MMarket Cap5.50BUS$35.1M+ Debt13.8BUS$88.1M− Cash14.6BUS$93.4M− Inv. Sec.2.20BUS$14.0M+ NCI10.2BUS$65.1MEV
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Performance & Balance
Revenue 5Y (¥B)
48.2US$307M'22/350.8US$324M'23/352.6US$336M'24/355.5US$354M'25/355.6US$355M'26/3
EBITDA 5Y (¥B)
2.71US$17.3M'22/31.85US$11.8M'23/32.87US$18.3M'24/33.03US$19.3M'25/33.87US$24.7M'26/3
Net Income 5Y (¥B)
0.74US$4.73M'22/30.01US$0.06M'23/31.08US$6.86M'24/30.51US$3.26M'25/33.13US$20.0M'26/3
Capital Structure
90%
EquityD/E 0.11xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
16.7US$106M3.18US$20.3M'22/315.8US$101M3.63US$23.2M'23/316.6US$106M3.36US$21.5M'24/319.4US$123M2.95US$18.8M'25/326.6US$170M4.76US$30.4M'26/3
Shareholders
Top 10 hold 50.6%
1
Fujikura Ltd.
22.55%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
8.79%
3
BNP PARIBAS FRANKFURT 2S/JASDEC/GERMAN RESIDENTS-OTHERS
3.05%
4
Custody Bank of Japan, Ltd. (Trust Account)
2.67%
5
DBS BANK LTD 70017
2.54%
6
Kankuro UESHIMA
2.52%
7
BNYM RE BNYMLB RE GPP CLIENT MONEY AND ASSETS AC
2.41%
8
FUJIKURA COMPOSITES Inc.
2.08%
9
Kyokuto Boeki Kaisha,Limited
2.00%
10
FUJIKURA KASEI CO.,LTD. Employee Stock Ownership Association
1.97%
Management
14 officers
Daisuke KATO
Representative Director, Chairman
Apr 1977 Joined the Company Apr 2000 General Manager, Sales Department, Coating Division Jun 2005 Director; General Manager, Coating Division Jul 2009 Representative Director, President, RED SPOT PAINT & VARNISH CO., INC. Jun 2012 Managing Director; General Manager, Electronic Materials Division Apr 2013 Representative Director, President Apr 2025 Representative Director, Chairman (current)
1954-05-01
Susumu KURIHARA
Representative Director, President; in charge of Technology Strategy Promotion Office
Apr 1991 Joined the Company Jul 2012 Senior Manager, Accounting Department, Administration Division; Chief, Management Accounting Section Apr 2015 General Manager, Administration Department, Administration Division; Chief, Planning Section Oct 2016 Deputy General Manager, Administration Division; General Manager, Administration Department; Chief, Planning Section Jul 2017 Deputy General Manager, Administration Division; General Manager, Administration Department Jun 2021 Director; General Manager, Administration Division Apr 2025 Representative Director, President (current)
1968-07-12
Hisashi KAJIHARA
Managing Director, Head of Washinomiya Plant, Head of Coatings Division; in charge of affiliates (three coatings sales companies)
Apr 1982 Joined the Company Apr 2004 General Manager, Nagoya Sales Office, Coating Division Jul 2007 Deputy General Manager, Coating Division; General Manager, Nagoya Sales Office Jun 2009 Director; General Manager, Coating Division Jun 2021 Managing Director (current); Head of Coatings Division (current) Jun 2025 Head of Washinomiya Plant (current)
1959-10-07
Hirotoshi KAWAGUCHI
Managing Director, Head of Coating Division; in charge of overseas affiliates
Apr 1991 Joined the Company Jan 2011 General Manager, International Business Planning Office Apr 2012 General Manager, Overseas Business Planning Department Jul 2012 Deputy General Manager, Coating Division; General Manager, Overseas Planning Department Jan 2014 Deputy General Manager, Coating Division; General Manager, ASEAN Department Jul 2016 Deputy General Manager, Coating Division; General Manager, ASEAN and India Department Jun 2021 Director; Head of Coating Division (current) Jun 2021 President, Chubu Paint Service Co., Ltd. (current) Jun 2021 Chairman, Fujikura Kasei Paint (Tianjin) Co., Ltd. (current) Jun 2021 Chairman, Fujikura Kasei (Foshan) Paint Co., Ltd. (current) Jun 2021 Chairman, Shanghai Fujikura Kasei Paint Co., Ltd. (current) Jun 2021 Director, FUJIKURA KASEI (THAILAND) CO., LTD. (current) Jun 2026 Managing Director (current)
1967-01-30
Toyohiro TSUCHIYA
Director, Head of Administration Division; in charge of Internal Audit Office, Sustainability Promotion Department, domestic affiliates
Oct 1997 Joined Chuo Audit Corporation (currently PwC Japan LLC) Apr 2001 Registered as Certified Public Accountant Apr 2004 Joined PricewaterhouseCoopers Legal & Tax Consultants Ltd./Thailand Oct 2016 Joined the Company Apr 2018 General Manager, Accounting Department, Administration Division Jun 2023 Director (current); Deputy General Manager, Administration Division Apr 2025 Head of Administration Division (current)
1967-11-26
Takahiro ISHII
Director, Head of Electronic Materials Division; in charge of Medis Materials Department, affiliates (synthetic resin business)
Apr 1993 Joined the Company Oct 2002 Head, Shanghai Representative Office, Electronic Materials Division Jul 2010 Section Manager, Sales Section, Sales Department, Electronic Materials Division; Head, China Office Jul 2013 General Manager, Sales Department, Electronic Materials Division Jun 2023 Director (current); Head of Electronic Materials Division (current)
1971-01-09
Kazuhiro SUTO
Director, Head of Sano Plant; in charge of Environment and Safety Department, Export Control Office
Apr 1991 Joined the Company Jul 2011 General Manager, Technology Department 1, Coating Division Apr 2012 General Manager, Technology Department, Coating Division Jul 2012 General Manager, Production Department, Coating Division Apr 2014 General Manager, Technology Department, Coating Division Apr 2019 Deputy General Manager, Coating Division; General Manager, Technology Department Jun 2025 Director (current); Head of Sano Plant (current)
1969-03-07
Takayuki ISHIMOTO
Director, Deputy Head of Washinomiya Plant, Head of Chemicals Division, Head of Technology Strategy Promotion Office; in charge of Quality Assurance Department
Apr 1998 Joined the Company Jul 2015 General Manager, Fine Chemical Materials Department, Chemicals Division Apr 2018 General Manager, Chemicals Department, Chemicals Division Apr 2020 General Manager, Chemicals Department, Chemicals Division; Head of Technology Strategy Promotion Office Jan 2021 Deputy General Manager, Chemicals Division; General Manager, Technology Department; Head of Technology Strategy Promotion Office Jun 2025 Director (current); Deputy Head of Washinomiya Plant, Head of Chemicals Division and Head of Technology Strategy Promotion Office (current)
1971-11-25
Yoichi NAGAHAMA
Outside Director
Apr 1973 Joined Fujikura Ltd. Jun 2003 Director, Fujikura Ltd. Apr 2009 President and Representative Director, Fujikura Ltd. Apr 2016 Chairman and Representative Director, Fujikura Ltd. Jun 2018 Advisor, Fujikura Ltd. Jun 2019 Director, the Company (current) Aug 2019 Outside Director, Fujikura Composites Inc. (current) Apr 2020 Honorary Advisor, Fujikura Ltd. (current)
1950-01-01
Katsuyuki KAWAI
Outside Director
Oct 1979 Joined Shinko Audit Corporation Aug 2007 Joined Nihon Audit Corporation (currently EY ShinNihon LLC) Jun 2020 Founder and Office Head, Katsuyuki Kawai Certified Public Accountant Office (current); Audit & Supervisory Board Member, Nihon A.M.C. Inc. (current) Mar 2023 Outside Audit & Supervisory Board Member, B-R 31 Ice Cream Co., Ltd. (current) Jun 2024 Director, the Company (current)
1957-10-26
Hiroaki WATANABE
Director, Audit and Supervisory Committee Member
Apr 1981 Joined the Company Jul 2003 General Manager, Technology Department, Electronic Materials Division Jul 2007 General Manager, Electronic Materials Production Department, Electronic Materials Division Oct 2010 Deputy General Manager, Electronic Materials Division; General Manager, Electronic Materials Production Department Jun 2013 Director; Head of Electronic Materials Division Jun 2015 Head of Sano Plant Jun 2021 Managing Director; Head of Washinomiya Plant and Head of Chemicals Division Jun 2023 Director, Audit and Supervisory Committee Member (current)
1954-12-26
Tomoko SENO
Outside Director, Audit and Supervisory Committee Member
Feb 2010 Joined Seikyo Audit Corporation Sep 2013 Registered as Certified Public Accountant Apr 2022 Director, Seikyo Consulting Co., Ltd. (current) Jun 2023 Director, Audit and Supervisory Committee Member, the Company (current)
1969-06-07
Hiroshi MIYAKAWA
Outside Director, Audit and Supervisory Committee Member
Oct 1976 Joined Chiyoda Audit Corporation Office Feb 1981 Registered as Certified Public Accountant Jan 1988 Registered as Certified Tax Accountant Miyakawa Certified Public Accountant and Tax Accountant Office, Head (current) Jun 2025 Director, Audit and Supervisory Committee Member, the Company (current)
1953-11-23
Yuki MUKAIDA
Outside Director, Audit and Supervisory Committee Member
Apr 1997 Joined Ministry of Foreign Affairs of Japan Sep 2003 Joined Shin-Tokyo Law Offices (currently Anderson Mori & Tomotsune) Dec 2008 Registered as Attorney-at-Law; joined Allen & Overy Foreign Law Joint Enterprise (currently A&O Shearman Sterling Foreign Law Joint Enterprise) Nov 2011 Joined Toranomon Sogo Law Offices Apr 2014 Joined LTE Law Office (current) Jun 2025 Director, Audit and Supervisory Committee Member, the Company (current)
1973-11-15
Large Shareholding Reports
DOE 5 Percent Co., Ltd.
2026-06-18
3.80%→3.80%
DOE 5 Percent Co., Ltd.
2026-06-17
3.80%→3.80%
Naturari Co., Ltd.
2026-05-26
3.44%→3.87%
Ueshima Mikukuro
2026-05-12
5.21%→5.26%
Annual report (as of 2026-03-31): 2.52%
Kankuro UEJIMA
2026-04-17
5.21%→5.21%
Annual report (as of 2026-03-31): 2.52%
Kankuro UEJIMA
2026-04-08
4.55%→5.21%
Annual report (as of 2026-03-31): 2.52%
Kankuro UEJIMA
2026-04-02
4.31%→4.55%
Annual report (as of 2026-03-31): 2.52%
Kankuro UEJIMA
2026-03-13
0.00%→4.31%
Annual report (as of 2026-03-31): 2.52%
Sumitomo Mitsui Trust Asset Management Co., Ltd.
2025-09-19
2.07%→2.05%
Sumitomo Mitsui Trust Bank, Limited
2025-08-21
1.64%→3.00%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-06-18
Large Shareholding Report
EDINET
2026-06-17
Large Shareholding Report
TDnet
2026-06-03
株主総会招集通知
EDINET
2026-05-26
Large Shareholding Report
EDINET
2026-05-12
Large Shareholding Report
EDINET
2026-04-17
Large Shareholding Report
EDINET
2026-04-08
Large Shareholding Report
EDINET
2026-04-02
Large Shareholding Report
EDINET
2026-03-13
Large Shareholding Report
TDnet
2026-02-12
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-02-12
Securities Registration Statement
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Sep 2025
EDINET
2025-09-19
Large Shareholding Report
EDINET
2025-08-21
Large Shareholding Report
TDnet
2025-08-07
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-12
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-14
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-08
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-08
Quarterly Securities Report
Period: Apr 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Apr 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-27
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Apr 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
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