Overview
Chemicals

NATOCO CO.,LTD.

NATOCO Co., Ltd. is a specialty coatings and fine chemicals manufacturer focused on 'surface evolution,' developing high-performance coating agents for mobility (automotive interiors and components), films, IT devices, metals, and building materials. The company operates three core segments: Paints (synthetic resin coatings for industrial and construction applications), Fine Chemicals (high-functional resins and coating agents for advanced substrates), and Distillation (recycled solvents and industrial waste processing). NATOCO differentiates itself through integrated R&D and design capabilities, targeting markets that demand both functional performance and aesthetic quality.

Market Cap
¥15.1B
US$96.2M
EV
¥0.63B
US$4.03M
Stock¥1,995▼-1.92%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
0.2
x
LTM EV/EBIT
0.2
x
LTM PER
9.5
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+1.8%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
15.1BUS$96.2MMarket Cap0.14BUS$0.92M+ Debt11.3BUS$72.2M− Cash3.45BUS$22.0M− Inv. Sec.0.18BUS$1.14M+ NCI0.63BUS$4.03MEV
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Performance & Balance
Revenue 5Y (¥B)
19.0US$121M'21/1020.4US$130M'22/1020.2US$129M'23/1020.8US$132M'24/1022.3US$142M'25/10
EBITDA 5Y (¥B)
2.58US$16.5M'21/102.40US$15.3M'22/102.01US$12.8M'23/102.03US$12.9M'24/102.12US$13.5M'25/10
Net Income 5Y (¥B)
1.64US$10.5M'21/101.51US$9.66M'22/100.95US$6.07M'23/100.96US$6.09M'24/101.14US$7.25M'25/10
Capital Structure
99%
EquityD/E 0.01xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
8.28US$52.8M'21/108.40US$53.6M'22/109.14US$58.3M'23/1010.7US$68.1M'24/1011.4US$72.8M0.14US$0.92M'25/10
Shareholders
Top 10 hold 53.1%
1
Tadaharu KASUYA
15.44%
2
NATOCO Kyoei-kai
9.73%
3
Taichi KASUYA
6.70%
4
Tomoe Holdings Co., Ltd.
3.57%
5
Hidefumi KASUYA
3.22%
6
MUFG Bank, Ltd.
3.17%
7
Sumitomo Mitsui Banking Corporation
3.04%
8
NTC Holdings LLC
2.91%
9
Aichi Bank, Ltd.
2.77%
10
INTERACTIVE BROKERS LLC (Standing Proxy: Interactive Brokers Securities Japan Inc.)
2.51%
Management
10 officers
Taichi KASUYA
Representative Director, President
Apr 2002 Joined the Company Nov 2007 General Manager, Purchasing Department, the Company Nov 2009 Deputy General Manager, Paint Business Division, the Company Jan 2010 Director, Deputy General Manager, Paint Business Division, the Company Nov 2011 Director, General Manager, Paint Business Division, the Company Mar 2012 Director, NATOCO Fine Chemicals (Qingdao) Co., Ltd. (current) Jan 2017 Senior Managing Director, the Company Nov 2021 Representative Director, President, the Company (current) Jun 2025 Representative Director, Toyokawa CMC Co., Ltd. (current) NTC Holdings LLC, Representative Member (current)
1974-10-06
Yutaka YAMAMOTO
Senior Managing Director
Jul 1995 Joined the Company Nov 2003 General Manager, Information Systems Department, the Company Nov 2007 General Manager, Management Planning Department, the Company Jan 2010 Director, General Manager, Management Planning Department, the Company Mar 2012 Chairman, NATOCO Fine Chemicals (Qingdao) Co., Ltd. (current) Jul 2012 Director, General Manager, Management Planning Department and General Manager, Production Planning Department, the Company Jan 2018 Managing Director, the Company Dec 2022 Senior Managing Director, the Company (current) Representative Director, Tomoe Kogyo Co., Ltd. (current)
1958-09-12
Hidefumi KASUYA
Managing Director
Nov 2005 Joined the Company Nov 2010 General Manager, Purchasing Department, the Company Nov 2012 General Manager, Purchasing Department and General Manager, Overseas Projects Department, the Company Jul 2014 President, NATOCO PAINT PHILIPPINES, INC. (current) Jan 2015 Director, General Manager, Purchasing Department and General Manager, Overseas Business Division, the Company Mar 2019 President, NATOCO PAINT (THAILAND) CO., LTD. (current) Jun 2021 Chairman, NATOCO VIETNAM COMPANY LIMITED (current) Sep 2023 Managing Director, the Company (current) Director, NATOCO Fine Chemicals (Qingdao) Co., Ltd. (current) Jun 2025 Representative Director, Sanmaru Kagaku Co., Ltd. (current) Sep 2025 Representative Director, I.C. Sangyo Co., Ltd. (current)
1977-03-09
Tomihisa OHNO
Director; Head of Research Laboratory; General Manager, Paint Business Division
Apr 1993 Joined the Company Nov 2008 General Manager, Chemicals Division, the Company Jan 2015 Director, General Manager, Chemicals Division, the Company Nov 2024 Director, Head of Research Laboratory, the Company (current) Jan 2026 Director, General Manager, Paint Business Division, the Company (current)
1971-01-01
Masahiro HARA
Director; General Manager, Chemicals Division
Mar 2000 Joined the Company May 2015 Head of Research Laboratory, the Company Jan 2022 Executive Officer, Head of Research Laboratory, the Company Jan 2024 Director, Head of Research Laboratory, the Company Nov 2024 Director, General Manager, Chemicals Division, the Company (current)
1968-06-29
Masami WAKITA
Director
Aug 1995 Registered as Certified Public Accountant Feb 1999 Opened Wakita Certified Public Accountant Office (current) Jan 2006 Audit & Supervisory Board Member, the Company Dec 2008 Outside Audit & Supervisory Board Member, Romantia Co., Ltd. (current) Jan 2016 Director, the Company (current)
1964-11-12
Katsuyuki HAYASHI
Director
Apr 1988 Registered as Attorney-at-Law Apr 1988 Joined Yamada Yasunori Law Office Jan 2020 Outside Audit & Supervisory Board Member, the Company Jul 2020 Partner, Yamada & Hayashi Law Office (current) Jan 2022 Director, the Company (current)
1961-04-02
Hiroyuki SEKIZAWA
Full-time Audit & Supervisory Board Member
Mar 1994 Joined the Company Jun 2021 Deputy General Manager, Management Planning Department, the Company Sep 2023 Full-time Audit & Supervisory Board Member, the Company (current) Auditor, NATOCO Fine Chemicals (Qingdao) Co., Ltd. (current)
1964-05-04
Tsuyoshi IMAEDA
Audit & Supervisory Board Member
Apr 2000 Registered as Certified Public Accountant Sep 2012 Opened Imaeda Certified Public Accountant Office (current) Oct 2012 Registered as Certified Tax Accountant Jan 2016 Outside Audit & Supervisory Board Member, the Company (current) May 2016 Outside Audit & Supervisory Board Member, Paremo Holdings Co., Ltd. (current) Jun 2020 Outside Audit & Supervisory Board Member, Japan Material Co., Ltd. Jun 2022 Representative Partner, Cross Brain Tax Corporation (current) Jun 2022 Outside Director (Audit and Supervisory Committee Member), Japan Material Co., Ltd. (current)
1973-08-13
Masaaki NAITO
Audit & Supervisory Board Member
Apr 1988 Registered as Attorney-at-Law Apr 1994 Joined Naito Law Office (current) Jun 2006 Auditor, Tonou Shinkin Bank (current) Nov 2016 Outside Director (Audit and Supervisory Committee Member), Shinwa Co., Ltd. (current) Jan 2022 Outside Audit & Supervisory Board Member, the Company (current)
1961-04-09
Large Shareholding Reports
Kiyokazu OTORII
2026-09-03
—
Natoko Kyoeikai Chairman Kiyokazu OTORII
2026-08-31
8.48%→7.30%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-09-04
Q3 Earnings Flash
FY ending Oct 2026
EDINETAmended
2026-09-03
Change Report
EDINET
2026-08-31
Large Shareholding Report
EDINET
2026-06-12
Semi-Annual Securities Report
Period: Nov 2025 – Apr 2026
TDnet
2026-02-27
Q1 Earnings Flash
FY ending Oct 2026
EDINET
2026-01-26
Annual Securities Report
Period: Nov 2024 – Oct 2025
TDnet
2025-09-05
Q3 Earnings Flash
FY ending Oct 2025
EDINET
2025-06-13
Semi-Annual Securities Report
Period: Nov 2024 – Oct 2025
TDnet
2025-02-28
Q1 Earnings Flash
FY ending Oct 2025
EDINET
2025-01-29
Annual Securities Report
Period: Nov 2023 – Oct 2024
EDINETAmended
2024-06-26
Amended Quarterly Securities Report
Period: Feb 2024 – Apr 2024
EDINET
2024-06-14
Quarterly Securities Report
Period: Feb 2024 – Apr 2024
EDINET
2024-03-15
Quarterly Securities Report
Period: Nov 2023 – Jan 2024
EDINET
2024-01-26
Annual Securities Report
Period: Nov 2022 – Oct 2023
EDINET
2023-09-14
Quarterly Securities Report
Period: May 2023 – Jul 2023
EDINET
2023-06-14
Quarterly Securities Report
Period: Feb 2023 – Apr 2023
EDINET
2023-03-17
Quarterly Securities Report
Period: Nov 2022 – Jan 2023
EDINET
2023-01-27
Annual Securities Report
Period: Nov 2021 – Oct 2022
EDINET
2022-09-14
Quarterly Securities Report
EDINET
2022-06-14
Quarterly Securities Report
EDINET
2022-03-17
Quarterly Securities Report
EDINET
2022-01-28
Annual Securities Report
EDINETAmended
2021-10-27
Amended Quarterly Securities Report
EDINET
2021-09-14
Quarterly Securities Report
EDINET
2021-06-14
Quarterly Securities Report
EDINET
2021-03-17
Quarterly Securities Report
EDINET
2021-01-27
Annual Securities Report
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