Overview
Pharmaceutical

MUROMACHI CHEMICALS INC.

Muromachi Chemical operates across three core segments: pharmaceuticals (active pharmaceutical ingredient sourcing, synthesis, purification, and import from China, India, and the Netherlands), chemical products (ion exchange resins, separation membranes, and water treatment systems primarily for domestic chemical and machinery manufacturers), and health foods (ODM manufacturing of stick-gel type health food products). The company leverages proprietary analytical and processing capabilities—including ion exchange resin regeneration, membrane cleaning, and in-house API testing per Japanese Pharmacopoeia—to provide value-added, integrated solutions. Its competitive strengths lie in combining trading and manufacturing functions in both the pharmaceutical and chemical businesses, with deep expertise in non-standard liquid processing applications.

Market Cap
¥3.65B
US$23.3M
EV
¥3.64B
US$23.2M
Stock¥906▼-1.84%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
3.6
x
LTM EV/EBIT
4.3
x
LTM PER
14.7
x
LTM PBR
1.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+0.1%pt
1001234
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 16, 26Surge on strong earnings announcement
2Feb 17, 26Continued positive earnings impact
3Mar 19, 26Decline due to profit-taking
4Jul 15, 26Full-year FY2026/05 earnings announced
MC → EV Bridge
3.65BUS$23.3MMarket Cap1.97BUS$12.6M+ Debt1.51BUS$9.66M− Cash0.46BUS$2.96M− Inv. Sec.3.64BUS$23.2MEV
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Performance & Balance
Revenue 5Y (¥B)
5.68US$36.2M'22/56.29US$40.1M'23/56.37US$40.6M'24/56.65US$42.4M'25/57.84US$50.0M'26/5
EBITDA 5Y (¥B)
0.54US$3.43M'22/50.49US$3.13M'23/50.56US$3.55M'24/50.59US$3.79M'25/50.93US$5.95M'26/5
Net Income 5Y (¥B)
0.46US$2.91M'22/50.26US$1.63M'23/50.33US$2.10M'24/50.24US$1.54M'25/50.16US$1.04M'26/5
Capital Structure
57%
43%
EquityD/E 0.77xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
0.91US$5.80M1.69US$10.8M'22/50.95US$6.08M1.57US$10.0M'23/51.33US$8.47M1.44US$9.17M'24/51.36US$8.67M1.65US$10.5M'25/52.38US$15.2M2.10US$13.4M'26/5
Shareholders
Top 10 hold 43.5%
1
Tetsuro MURAYAMA
10.19%
2
Junichi AOKI
8.85%
3
MUROMACHI CHEMICALS INC. Employee Stock Ownership Association
6.14%
4
The Shoko Chukin Bank, Ltd.
3.73%
5
NIPPO LTD.
3.25%
6
Daiwa Securities Co. Ltd.
3.12%
7
Eiichiro SOTOIKE
2.48%
8
Muromachi Kikai Co., Ltd.
2.01%
9
Masataka OTSUJI
1.86%
10
Kumi HOKARI
1.86%
Management
8 officers
Junichi AOKI
Representative Director, President
Apr 1986 Joined Kanebo, Ltd. (now Kanebo Cosmetics Inc.) Mar 2005 Joined Nitto Glass Tech Co., Ltd. Apr 2007 Joined Nitto Boseki Co., Ltd. Jul 2010 Joined the Company Oct 2011 Factory Manager (General Manager), Shimotsuma Division, the Company Aug 2013 Executive Officer, General Manager, Tsukuba Plant, the Company Jun 2014 Executive Officer, General Manager, Production Division, the Company Aug 2015 Director, the Company Aug 2016 Managing Director, the Company Dec 2019 Representative Director, President, the Company (current)
1965-08-30
Satoshi INUCHI
Director
Apr 1998 Joined Asahi Seiki Co., Ltd. Oct 2006 Joined Ricoh Kyushu Co., Ltd. (now Ricoh Japan Corporation) Jan 2007 Joined the Company Apr 2012 General Manager, General Affairs Department, the Company Jun 2015 General Manager, General Affairs Department and General Manager, Corporate Planning Office, the Company Jun 2016 General Manager, Corporate Planning Office, the Company Jun 2017 General Manager, Administration Division and General Manager, Corporate Planning Office, the Company Aug 2017 Executive Officer, General Manager, Administration Division and General Manager, Corporate Planning Office, the Company Aug 2018 Director, General Manager, Administration Division and General Manager, Corporate Planning Office, the Company Aug 2023 Director, General Manager, Administration Division, the Company Jun 2024 Director, the Company (current)
1974-06-28
Hirotoshi INOKUCHI
Director
Apr 1987 Joined Hinode Kogyo Co., Ltd. (now Toyo Heisei Polymer Co., Ltd.) Dec 2002 Joined Pyramid Co., Ltd. Sep 2010 Joined the Company Oct 2011 Seconded to Muromachi Technos Co., Ltd. (now the Company) Apr 2012 General Manager, Electronics Division, Muromachi Technos Co., Ltd. Jan 2013 General Manager, Functional Materials Department, Muromachi Technos Co., Ltd. Dec 2014 General Manager, Functional Materials Department, the Company Jun 2015 General Manager, Sales Department No. 3, the Company Jun 2017 General Manager, Chemicals Department No. 3, the Company Dec 2017 Head, Chemicals Division and General Manager, Functional Materials Sales Department, the Company Jun 2018 Executive Officer, General Manager, Chemicals Division and General Manager, Functional Materials Sales Department, the Company Dec 2019 Director, General Manager, Chemicals Division and General Manager, Functional Materials Sales Department, the Company Jun 2022 Director, General Manager, Chemicals Division, the Company Jun 2023 Director, the Company (current)
1963-02-15
Hiroshi NAKAMURA
Director
Apr 1989 Joined Kyushu Fuji Sash Co., Ltd. (now Fuji Light Metal Co., Ltd.) Feb 1993 Joined Toyo Denko Co., Ltd. Feb 1995 Joined Toisen Kogyo Co., Ltd. Feb 1998 Joined the Company Apr 2012 General Manager, No. 1 Manufacturing Department, the Company Jan 2013 Plant Manager (General Manager), Fukuoka Plant, the Company Jun 2017 General Manager, Quality Control Division, the Company Aug 2017 Executive Officer, General Manager, Quality Control Division, the Company Apr 2019 Executive Officer, General Manager, Production Division, the Company Dec 2019 Director, General Manager, Production Division, the Company Oct 2020 Director, the Company Aug 2022 Director, Audit and Supervisory Committee Member, the Company Aug 2023 Director, the Company (current)
1971-01-31
Satoshi TAKAHASHI
Director, Audit and Supervisory Committee Member
Apr 1995 Joined Kazusa Academia Park Co., Ltd. Apr 2004 Joined Works Applications Co., Ltd. Jul 2005 Joined Dental Support Co., Ltd. Sep 2006 Joined Start Today Co., Ltd. (now ZOZO, Inc.) Aug 2010 Founded Across the Sea Co., Ltd.; Representative Director (current) Oct 2014 Outside Audit & Supervisory Board Member, i-Ridge Inc. Oct 2016 Outside Audit & Supervisory Board Member, Shared Research Inc. (current) Aug 2017 Audit & Supervisory Board Member, the Company Aug 2022 Director, Audit and Supervisory Committee Member, the Company (current) Mar 2023 Outside Audit & Supervisory Board Member, UNBALANCE Inc. Dec 2023 Outside Audit & Supervisory Board Member, Redcliff Inc. (current) Sep 2024 Outside Director, G-Next Co., Ltd. Sep 2024 Outside Audit & Supervisory Board Member, Chatplus Inc. (current)
1972-03-17
Hiroomi YAMAMOTO
Director, Audit and Supervisory Committee Member
Apr 1993 Joined Nishi-Nippon Railroad Co., Ltd. Nov 2001 Joined Tohmatsu Consulting Co., Ltd. (now Deloitte Tohmatsu Consulting LLC) Oct 2011 Transferred to Tohmatsu LLC Jan 2019 Established Yamamoto Management Accounting Office; Representative (current) Aug 2019 Director, the Company Nov 2020 Established Mirize Financial Advisory LLC; Managing Partner (current) Aug 2022 Director, Audit and Supervisory Committee Member, the Company (current) Dec 2024 Outside Audit & Supervisory Board Member, JHN Group Co., Ltd. (current)
1969-08-08
Kaoru NODA
Director, Audit and Supervisory Committee Member
Dec 2007 Joined Tohmatsu LLC Oct 2017 Joined Fukuju Tax Accountant Corporation Jul 2018 Established Noda Certified Public Accountant Office; Representative (current) Mar 2019 Outside Audit & Supervisory Board Member, SC Holdings Co., Ltd. Aug 2019 Established Kaoru Kaikei Co., Ltd.; Representative Director (current) Sep 2022 Part-time Audit & Supervisory Board Member, ROCKY-ICHIMARU Co., Ltd. (current) Nov 2022 Audit & Supervisory Board Member, Huis Ten Bosch Technical Center Co., Ltd. Nov 2022 Outside Director, Audit and Supervisory Committee Member, Cross E Holdings Co., Ltd. (current) Jun 2023 Outside Director, Audit and Supervisory Committee Member, Estrust Co., Ltd. (current) Aug 2024 Director, Audit and Supervisory Committee Member, the Company (current) Apr 2026 Audit & Supervisory Board Member, HainuTech Holdings Co., Ltd. (current) Apr 2026 Audit & Supervisory Board Member, Oyama Foods Machinery Co., Ltd. (current)
1979-04-22
Takashi MATSUMOTO
Director
Apr 1991 Joined Nomura Securities Co., Ltd. Aug 2025 Director, the Company (current) Jun 2026 Outside Audit & Supervisory Board Member, Rodina Inc. (current)
1967-04-05
Large Shareholding Reports
Tetsuro MURAYAMA
2026-04-27
14.89%→10.01%
Annual report (as of 2026-05-31): 10.19%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-15
Forecast Revision
TDnet
2026-10-15
Q1 Earnings Flash
FY ending May 2027
EDINET
2026-08-25
Annual Securities Report
Period: Jun 2025 – May 2026
TDnet
2026-07-14
Full-Year Earnings Flash
FY ending May 2026
EDINET
2026-04-27
Large Shareholding Report
TDnet
2026-04-14
Q3 Earnings Flash
FY ending May 2026
EDINET
2026-01-14
Semi-Annual Securities Report
Period: Jun 2025 – May 2026
TDnet
2025-10-15
Q1 Earnings Flash
FY ending May 2026
EDINET
2025-08-26
Annual Securities Report
Period: Jun 2024 – May 2025
TDnet
2025-04-14
Q3 Earnings Flash
FY ending May 2025
EDINET
2025-01-14
Semi-Annual Securities Report
Period: Jun 2024 – May 2025
TDnet
2024-10-15
Q1 Earnings Flash
FY ending May 2025
EDINET
2024-08-28
Annual Securities Report
Period: Jun 2023 – May 2024
EDINET
2024-04-12
Quarterly Securities Report
Period: Dec 2023 – Feb 2024
EDINET
2024-01-12
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-13
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-08-25
Annual Securities Report
Period: Jun 2022 – May 2023
EDINET
2023-04-14
Quarterly Securities Report
Period: Dec 2022 – Feb 2023
EDINET
2023-01-13
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2022-10-14
Quarterly Securities Report
EDINET
2022-08-26
Annual Securities Report
EDINET
2022-04-14
Quarterly Securities Report
EDINET
2022-01-14
Quarterly Securities Report
EDINET
2021-10-15
Quarterly Securities Report
EDINET
2021-08-27
Annual Securities Report
EDINET
2021-04-14
Quarterly Securities Report
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