Overview
Chemicals

TOKYO PRINTING INK MFG.CO.,LTD.

Tokyo Printing Ink is a comprehensive color-based chemical manufacturer engaged in three core businesses: printing inks (manufacturing and sales of printing inks and printing materials), chemical products (colorants, liquid color masterbatches, and industrial inkjet systems), and processed products (civil engineering and environmental materials such as geocells). The company serves diverse end markets including packaging, industrial printing, plastics, and civil engineering/infrastructure sectors. Its competitive strengths lie in proprietary color science technology, a vertically integrated supply chain through group subsidiaries, and an expanding portfolio of environmentally conscious products.

Market Cap
¥24.5B
US$156M
EV
¥22.0B
US$140M
Stock¥1,958▲+1.08%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.4
x
LTM EV/EBIT
9.0
x
LTM PER
10.0
x
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+11.2%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Aug 5, 26Full-year guidance raised: operating profit +21.7%, dividend hiked ¥30 (¥65→¥95)
2Aug 7, 26Full-year earnings guidance raised, dividend increased to ¥95 (from ¥65)
MC → EV Bridge
24.5BUS$156MMarket Cap7.27BUS$46.4M+ Debt4.36BUS$27.8M− Cash5.59BUS$35.6M− Inv. Sec.0.21BUS$1.36M+ NCI22.0BUS$140MEV
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Performance & Balance
Revenue 5Y (¥B)
41.4US$264M'22/343.4US$277M'23/343.9US$280M'24/346.8US$299M'25/349.9US$318M'26/3
EBITDA 5Y (¥B)
2.17US$13.8M'22/31.48US$9.43M'23/32.10US$13.4M'24/32.79US$17.8M'25/33.85US$24.5M'26/3
Net Income 5Y (¥B)
0.73US$4.62M'22/31.65US$10.5M'23/30.88US$5.62M'24/31.18US$7.53M'25/31.87US$11.9M'26/3
Capital Structure
81%
19%
EquityD/E 0.23xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
7.69US$49.0M9.19US$58.6M'22/37.45US$47.5M7.55US$48.2M'23/38.72US$55.6M7.53US$48.0M'24/38.18US$52.2M6.92US$44.1M'25/39.64US$61.5M6.22US$39.6M'26/3
Shareholders
Top 10 hold 37.3%
1
TOKYO PRINTING INK MFG.CO.,LTD. Business Partners' Stock Ownership Association
8.95%
2
Kyodo Printing Co.,Ltd.
8.43%
3
TOKYO PRINTING INK MFG.CO.,LTD. Employee Stock Ownership Association
5.39%
4
Kyuei Co., Ltd.
4.40%
5
Atsuo OHASHI
2.13%
6
Meiji Yasuda Life Insurance Company
1.83%
7
KYORITSU PRINTING CO., LTD.
1.69%
8
Michiko OHASHI
1.60%
9
Tokio Marine & Nichido Fire Insurance Co., Ltd.
1.53%
10
artience Co.,Ltd.
1.39%
Management
9 officers
Satoshi HORIKAWA
Representative Director, President and Executive Officer
Apr 1987 Joined the Company Aug 2006 General Manager, Trade Department Oct 2009 General Manager, Specialty Chemicals Sales Division, Sales Division; concurrently General Manager, First Specialty Chemicals Sales Department Jul 2010 Executive Officer; General Manager, Specialty Chemicals Sales Division, Sales Division Jun 2014 Director and Executive Officer; General Manager, Specialty Chemicals Sales Division, Sales Division Apr 2015 (details not stated in source) Apr 2016 (details not stated in source) Jul 2017 (details not stated in source) Apr 2019 (details not stated in source) Jun 2020 Director and Managing Executive Officer; in charge of Specialty Chemicals Business Director and Managing Executive Officer; Deputy General Manager, Sales Division; in charge of Specialty Chemicals Business Director and Managing Executive Officer; General Manager, President's Office; Deputy General Manager, Sales Division Director and Managing Executive Officer; General Manager, Sales Division; General Manager, President's Office Representative Director, President and Executive Officer (current)
1963-03-13
Hiroyuki URATA
Director and Managing Executive Officer; General Manager, Business Portfolio Strategy Promotion Office and Development Department; in charge of Production and Technology Division
Apr 1989 Joined the Company Jul 2016 General Manager, Technology No. 3 Department, Development and Technology Division Apr 2018 Executive Officer; General Manager, Technology No. 3 Department, Development and Technology Division Jul 2018 Executive Officer; General Manager, Osaka Plant and Fukuoka Plant, Production Division Apr 2020 Executive Officer; Deputy General Manager, Production Division; General Manager, Osaka Plant Jan 2021 Executive Officer; Deputy General Manager, Production Division Jun 2021 Director and Managing Executive Officer; General Manager, Production and Technology Division; General Manager, No. 2 Production and Technology Headquarters; General Manager, Purchasing Department Apr 2023 Director and Managing Executive Officer; General Manager, Production and Technology Division; General Manager, No. 2 Production and Technology Headquarters Jul 2024 Director and Managing Executive Officer; General Manager, Production and Technology Division; General Manager, Business Portfolio Strategy Promotion Office Oct 2024 Director and Managing Executive Officer; General Manager, Business Portfolio Strategy Promotion Office; in charge of Production and Technology Division Apr 2025 Director and Managing Executive Officer; General Manager, Business Portfolio Strategy Promotion Office and Development Department; in charge of Production and Technology Division (current)
1966-04-27
Shinji NAKAMURA
Director and Managing Executive Officer; General Manager, Administration Division; in charge of IR
Apr 1995 Joined the Company Aug 2016 General Manager, Planning and Administration Department, Production Division Jan 2018 General Manager, Treasury Department, Administration Division Jun 2021 Executive Officer; Deputy General Manager, Administration Division; General Manager, Treasury Department Apr 2023 Executive Officer; General Manager, Administration Division; General Manager, Treasury Department Jun 2024 Director and Managing Executive Officer; General Manager, Administration Division; General Manager, Treasury Department Jul 2024 Director and Managing Executive Officer; General Manager, Administration Division Oct 2024 Director and Managing Executive Officer; General Manager, Administration Division; in charge of IR (current)
1971-11-18
Yoshinori SASAKI
Director and Managing Executive Officer; General Manager, Sales Division; General Manager, Specialty Chemicals Sales Headquarters, Sales Division
Apr 1991 Joined the Company Aug 2005 Section Manager, Specialty Chemicals Sales Department No. 2, Osaka Branch, Sales Division Jan 2010 Seconded to Tokyo Ink (Thailand) Co., Ltd. as Director and President Apr 2023 Executive Officer; seconded to Tokyo Ink (Thailand) Co., Ltd. as Director and President Apr 2024 Executive Officer; General Manager, Specialty Chemicals Sales Headquarters, Sales Division Jun 2026 Director and Managing Executive Officer; General Manager, Sales Division; General Manager, Specialty Chemicals Sales Headquarters, Sales Division (current)
1968-09-03
Tsukasa TAJI
Director
Apr 1979 Joined Hoya Glass Works, Ltd. (now HOYA Corporation) Jul 1981 Joined Chisso Corporation (now JNC Corporation) Jul 2006 General Manager, Taiwan Zhice Co., Ltd. Apr 2010 Executive Officer; General Manager, Corporate Planning Office, JNC Corporation Apr 2011 Executive Officer; also General Manager, International Division Apr 2013 (details not stated in source) Jun 2016 Managing Executive Officer, in charge of Purchasing and Logistics Department, Chemicals Business Division, and Textile Business Division Apr 2017 President and Representative Director, JNC Petrochemical Corporation Mar 2021 Director and Managing Executive Officer, JNC Corporation Retired from JNC Corporation; Representative Vice President, Japan Polypropylene Corporation Jun 2022 Outside Director of the Company (current)
1955-11-26
Michino OGURI
Director
Oct 2006 Registered with the Dai-Ichi Tokyo Bar Association; joined Anzai Law Office (current) Mar 2016 Outside Director, Alps Giken Co., Ltd. Mar 2018 Retired from Alps Giken Co., Ltd. Jun 2023 Outside Director of the Company (current)
1967-05-16
Naoyuki SHINODA
Standing Audit & Supervisory Board Member
Nov 1994 Joined the Company Apr 2011 General Manager, Ink Sales Department No. 1, Ink Sales Division Jul 2012 Manager, Division Manager's Office, Development and Technology Division Dec 2015 General Manager, Internal Audit Department Nov 2018 General Manager, Planning and Administration Department, Administration Division Oct 2020 General Manager, Planning and Administration Department, Administration Division; concurrently General Manager, Legal Department Apr 2022 General Manager, Legal Department, Administration Division Oct 2022 Manager, Administration Division Apr 2023 Manager, Assistant to the President Jun 2024 Standing Audit & Supervisory Board Member (current)
1965-01-03
Tetsuya TOMII
Standing Audit & Supervisory Board Member
Apr 1983 Joined Kyodo Printing Co., Ltd. Apr 2008 Director, Kyodo Printing Singapore Pte. Ltd. (seconded) Apr 2009 General Manager, General Planning Department, Management Division, Kyodo Printing Co., Ltd. Apr 2016 Deputy Head, Corporate Planning Division Jun 2016 Executive Officer; Deputy Head, Corporate Planning Division Oct 2017 Senior Executive Officer; Head of CSR Division Apr 2020 Senior Executive Officer; General Manager, Accounting Department Apr 2023 Regular Advisor Jun 2023 Standing Audit & Supervisory Board Member of the Company (current)
1959-10-14
Yoshihito ITO
Audit & Supervisory Board Member
Apr 1985 Joined Mitsui Toatsu Chemicals, Inc. (now Mitsui Chemicals, Inc.) Jan 2008 Leader, Financial Accounting Team, Accounting Department Apr 2010 Leader, Finance Group, Accounting Department Apr 2014 Deputy General Manager, Finance Department; Leader, Finance and Tax Group, Finance Department Apr 2015 Leader, Finance and Tax Group, Accounting Department; Leader, Strategy Promotion Group, Accounting Department Jul 2017 Leader, Finance Group, Accounting Department; Leader, Strategy Promotion Group, Accounting Department; assigned to Audit & Supervisory Board Apr 2019 Leader, Finance Group, Accounting Department; assigned to Audit & Supervisory Board Jun 2020 Standing Audit & Supervisory Board Member of the Company Jun 2024 Audit & Supervisory Board Member (current)
1961-12-14
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-05
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-09
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-11
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-05
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-11
Semi-Annual Securities Report
Period: Apr 2024 – Sep 2024
TDnet
2024-08-07
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINETAmended
2024-02-13
Amended Securities Registration Statement
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINETAmended
2024-02-08
Amended Securities Registration Statement
EDINET
2023-12-08
Securities Registration Statement
EDINET
2023-11-09
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-30
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-10
Quarterly Securities Report
EDINET
2022-08-08
Quarterly Securities Report
EDINET
2022-06-30
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-10
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-06-28
Annual Securities Report
EDINETAmended
2021-06-10
Amended Annual Securities Report
Period: Apr 2015 – Mar 2016
EDINETAmended
2021-06-10
Amended Quarterly Securities Report
Period: Apr 2019 – Jun 2019
EDINETAmended
2021-06-10
Amended Quarterly Securities Report
Period: Jul 2018 – Sep 2018
EDINETAmended
2021-06-10
Amended Quarterly Securities Report
Period: Apr 2018 – Jun 2018
EDINETAmended
2021-06-10
Amended Quarterly Securities Report
Period: Oct 2018 – Dec 2018
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