Overview
Chemicals

ARAKAWA CHEMICAL INDUSTRIES,LTD.

Arakawa Chemical Industries is a specialty chemicals manufacturer operating across four core segments: Functional Coatings (UV/thermosetting resins, printing ink resins, coating resins), Paper & Environment (paper strength agents, sizing agents, water-based polymers), Adhesive & Biomass (hydrogenated petroleum resins, tackifier/adhesive resins, rosin derivatives), and Fine Electronics (precision cleaning agents and equipment, low-dielectric polyimide resins, electronic materials, precision abrasives). The company serves diverse end markets including printing, packaging, paper manufacturing, electronics, and automotive industries. Its broad product portfolio and global manufacturing network across Asia, Europe, and North America underpin its competitive positioning as a value-added chemical solutions provider.

Market Cap
¥39.6B
US$253M
EV
¥56.2B
US$359M
Stock¥1,997▼-3.29%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.3
x
LTM EV/EBIT
16.3
x
LTM PER
13.4
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+55.9%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Feb 6, 26FY results strong / Op. profit recovery
2Aug 5, 26Q1 earnings: net profit 2.4x, operating profit 2.4x YoY on surging AI server-driven resin demand
MC → EV Bridge
39.6BUS$253MMarket Cap40.0BUS$255M+ Debt9.97BUS$63.6M− Cash13.4BUS$85.2M− Inv. Sec.56.2BUS$359MEV
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Performance & Balance
Revenue 5Y (¥B)
80.5US$513M'22/379.4US$507M'23/372.2US$461M'24/380.2US$512M'25/382.1US$524M'26/3
EBITDA 5Y (¥B)
6.42US$41.0M'22/31.57US$10.0M'23/33.19US$20.4M'24/36.78US$43.2M'25/38.09US$51.6M'26/3
Net Income 5Y (¥B)
1.50US$9.58M'22/3-4.94-US$31.5M'23/3-1.04-US$6.65M'24/32.64US$16.9M'25/32.20US$14.0M'26/3
Capital Structure
62%
38%
EquityD/E 0.62xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
18.7US$119M26.7US$170M'22/319.0US$121M35.1US$224M'23/322.8US$145M42.4US$270M'24/319.5US$125M39.4US$251M'25/321.8US$139M40.6US$259M'26/3
Shareholders
Top 10 hold 35.3%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
10.08%
2
ARAKAWA CHEMICAL INDUSTRIES,LTD. Employee Stock Ownership Association
7.06%
3
MUFG Bank, Ltd.
4.74%
4
Custody Bank of Japan, Ltd. (Trust Account)
2.51%
5
Toshimasa ARAKAWA
2.49%
6
Mitsubishi Chemical Corporation
2.05%
7
Sumitomo Mitsui Banking Corporation
2.00%
8
artience Co.,Ltd.
1.48%
9
BNYM AS AGT/CLTS NON TREATY JASDEC (Standing Proxy: MUFG Bank, Ltd.)
1.47%
10
Oji Holdings Corporation
1.45%
Management
10 officers
Nobuyuki TAKAGI
Representative Director, President and Executive Officer, General Manager of Business Division
Apr 1988 Joined the Company Jun 2018 Director, General Manager of Coating Business Division Apr 2019 Director, General Manager of Corporate Planning Office Apr 2020 Director in charge of Materials Strategy, General Manager of Corporate Planning Office Apr 2021 Director in charge of Materials Strategy and Business Strategy, General Manager of Corporate Planning Office Jun 2022 Managing Director in charge of Materials Strategy, Business Strategy and General Manager of Corporate Planning Office Jun 2023 Senior Managing Director in charge of Materials Strategy and Environment, General Manager of Corporate Planning Division and Corporate Planning Department Apr 2024 Representative Director, President and General Manager of Business Division Apr 2025 Representative Director, President and Executive Officer, General Manager of Business Division (current)
1964-11-01
Toru NOBUHIRO
Managing Director and Executive Officer, in charge of Administration Division and KIZUNA Promotion
Apr 1984 Joined the Company Jun 2008 Director, General Manager of General Affairs, General Manager of Accounting and General Manager of IT Systems Department Oct 2010 Director, General Manager of General Affairs and General Manager of IT Systems Department Apr 2014 Director, General Manager of Corporate Planning Office Jun 2015 Managing Director in charge of Materials, General Manager of Corporate Planning Office Apr 2016 Managing Director, Strategy Officer (Materials Strategy and Corporate Planning), General Manager of Corporate Planning Office Apr 2018 Managing Director in charge of Materials Strategy, General Manager of Corporate Planning Office Apr 2019 Managing Director in charge of Materials Strategy and SHIFT Promotion Apr 2020 Managing Director in charge of SHIFT Promotion, General Manager of Administration Division, Chairman of Arakawa Chemical Vietnam Co., Ltd. Apr 2021 Managing Director in charge of KIZUNA Promotion, General Manager of Administration Division, Chairman of Arakawa Chemical Vietnam Co., Ltd. Apr 2022 Managing Director in charge of KIZUNA Promotion, General Manager of Administration Division Apr 2024 Managing Director in charge of Administration Division and KIZUNA Promotion Apr 2025 Managing Director and Executive Officer in charge of Administration Division and KIZUNA Promotion (current)
1960-07-21
Takumi OKAZAKI
Director and Executive Officer, in charge of Production, R&D, Quality, Environment and Safety
Apr 1984 Joined the Company Apr 2017 Executive Officer, President of Koatsu Kagaku Kogyo Co., Ltd. Apr 2019 Executive Officer, General Manager of Coating Business Division Apr 2021 Executive Officer, General Manager of Business Strategy Department Apr 2022 Executive Officer, Director of Research Laboratory, General Manager of R&D Division Jun 2022 Director in charge of Quality, Director of Research Laboratory, General Manager of R&D Division Jun 2023 Director in charge of Quality and Safety, Director of Research Laboratory, General Manager of R&D Division Apr 2024 Director in charge of Production, Quality, Environment and Safety, General Manager of R&D Division Apr 2025 Director and Executive Officer in charge of Production, R&D, Quality, Environment and Safety (current)
1962-03-01
Nobuyuki TOMIYAKE
Director and Executive Officer, in charge of Life Science Business, General Manager of Corporate Planning Division and General Manager of Corporate Planning Department
Apr 1998 Joined the Company Apr 2022 Deputy General Manager of Administration Division, General Manager of Human Resources Department Apr 2023 Executive Officer, Deputy General Manager of Administration Division, General Manager of Human Resources Department Apr 2024 Executive Officer, General Manager of Corporate Planning Division, General Manager of Corporate Planning Department Jun 2024 Director, General Manager of Corporate Planning Division, General Manager of Corporate Planning Department Apr 2025 Director and Executive Officer, General Manager of Corporate Planning Division, General Manager of Corporate Planning Department Apr 2026 Director and Executive Officer in charge of Life Science Business, General Manager of Corporate Planning Division, General Manager of Corporate Planning Department (current)
1975-11-25
Elizabeth MASAMUNE
Director
Jan 1987 Joined Austrade (Australian Trade Commission), Australian Embassy in Japan Apr 1996 Counsellor, Australian Embassy in Indonesia Apr 1999 Minister-Counsellor, Australian Embassy in Vietnam Aug 2002 Minister-Counsellor, Australian Embassy in South Korea Aug 2007 Minister-Counsellor and Managing Director, Austrade Japan Oct 2011 Head of Northeast Asia Region, Austrade Sep 2013 General Manager of Trade Division, Austrade Mar 2014 Representative Director, At Asia Associates Inc. Jul 2015 Representative Director, At Asia Associates Japan Inc. (current) Dec 2017 Executive Managing Director, Awaji Youth Federation, Pasona Group Inc. Jun 2018 Outside Director, Face Inc. Jun 2019 Outside Director, the Company (current) Jun 2022 Outside Director, Techno Horizon Co., Ltd. Jun 2023 Outside Director, Asteria Corporation (current) Dec 2023 Outside Director, FPG, Inc. (current)
1960-04-05
Toshiya KOYAMA
Director
Apr 1986 Joined Teijin Limited Apr 2013 Teijin Group Fellow, General Manager of New Functional Materials Business Development Department, Representative Director, TEIJIN ELECTRONICS KOREA Co., Ltd. Apr 2015 Teijin Group Executive Officer Apr 2017 Teijin Group Managing Executive Officer, General Manager of Materials Business Group Apr 2020 Head of Materials Business, Teijin Limited Jun 2020 Director and Managing Executive Officer, Teijin Limited Apr 2021 Director and Managing Executive Officer in charge of CSR and Business Audit Department, Teijin Limited Apr 2023 Director and Mission Executive, Teijin Limited Jun 2023 Mission Executive, Teijin Limited Jun 2024 Outside Director, the Company (current) Jun 2025 Outside Director, NCD Co., Ltd. (current)
1960-05-19
Jiro MIZUIE
Director, Full-time Audit and Supervisory Committee Member
Apr 1984 Joined the Company Apr 2015 Executive Officer, President of Pernox Co., Ltd. Apr 2020 Executive Officer, General Manager of Functional Materials Business Department, Chairman of Nikka Arakawa Chemical Co., Ltd. Apr 2021 Executive Officer, General Manager of Fine Electronics Business Department, Chairman of Nikka Arakawa Chemical Co., Ltd. Apr 2022 Executive Officer, Senior General Manager of Business Division Jun 2022 Director, Full-time Audit and Supervisory Committee Member (current)
1961-03-05
Jun MINAMI
Director, Full-time Audit and Supervisory Committee Member, Outside Director
Apr 1987 Joined Sanwa Bank, Ltd. (now MUFG Bank, Ltd.) Feb 2011 Deputy General Manager, Americas Sales Department II, Americas Division, The Bank of Tokyo-Mitsubishi UFJ, Ltd. Apr 2013 Seconded to Mitsubishi UFJ Financial Group, Inc., Corporate Planning Department, Head of IR Office May 2015 Head of Ginza Branch, The Bank of Tokyo-Mitsubishi UFJ, Ltd. Feb 2017 General Manager of Accounting Department, Unirita Inc. Apr 2017 Executive Officer, General Manager of Group Operations, General Manager of Operations Department, General Manager of Accounting Department, in charge of Public Relations and IR Office, Unirita Inc. Jun 2017 Director and Executive Officer, General Manager of Group Operations, General Manager of Operations Department, General Manager of Accounting Department, in charge of Public Relations and IR Office, Unirita Inc. Apr 2020 Director and Executive Officer, General Manager of Group Operations, Unirita Inc. Jun 2022 Deputy General Manager of Planning Division, Daido Kogyo Co., Ltd. Jun 2024 Outside Director, Full-time Audit and Supervisory Committee Member, the Company (current)
1964-07-09
Masahiro NAKATSUKASA
Director, Part-time Audit and Supervisory Committee Member, Outside Director
Apr 1994 Registered as an attorney-at-law Apr 1994 Joined Chuo Sogo Law Office (current) Jun 2006 Outside Audit & Supervisory Board Member, Asaka Industrial Co., Ltd. Apr 2015 Vice President, Osaka Bar Association Jun 2015 Outside Audit & Supervisory Board Member, the Company Jun 2015 Outside Audit & Supervisory Board Member, Nihon Dentsu Co., Ltd. Jun 2016 Outside Director, Audit and Supervisory Committee Member, the Company (current) Jun 2016 Outside Director, Audit and Supervisory Committee Member, Asaka Industrial Co., Ltd. (current) Jun 2016 Outside Director, Audit and Supervisory Committee Member, Nihon Dentsu Co., Ltd. Jun 2016 Outside Director, Nakayama Steel Works, Ltd. (current) Jul 2018 Outside Audit & Supervisory Board Member, JSH Co., Ltd. (current) Jun 2020 Outside Audit & Supervisory Board Member, Nihon Dentsu Co., Ltd. Jun 2022 Outside Director, Osaka Mazda Sales Co., Ltd. (current)
1965-01-19
Yoko SAKURAI
Director, Outside Director
Apr 1989 Joined Pola Cosmetics Inc. (now POLA Inc.) Oct 2004 General Manager of New Product Development, Asahi Food & Healthcare Co., Ltd. Jan 2016 General Manager of Healthcare Marketing Department, Asahi Group Foods, Ltd. Sep 2017 Officer, Asahi Group Foods, Ltd. Apr 2019 Executive Officer, Asahi Group Foods, Ltd. Apr 2022 Executive Fellow, J-Oil Mills, Inc. Jun 2023 Executive Officer in charge of Processed Fats and Oils Business, J-Oil Mills, Inc. Oct 2024 Executive Officer, Chief Marketing Officer, DHC Corporation Oct 2025 Representative Director, Well Insight Inc. (current) Apr 2026 Deputy to Program Director, Cross-ministerial Strategic Innovation Promotion Program (SIP), "Building a Sustainable Food Chain That Provides Abundant Food," Cabinet Office (current) Jun 2026 Outside Director, the Company (current)
1965-09-13
Large Shareholding Reports
MUFG Bank, Ltd.
2025-08-04
4.56%→4.56%
Annual report (as of 2026-03-31): 4.74%
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
2026-02-05
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-04
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-08-04
Large Shareholding Report
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-05
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-02
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-20
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-14
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-09
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-20
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-17
Annual Securities Report
EDINET
2022-02-14
Quarterly Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-18
Annual Securities Report
EDINET
2021-02-10
Quarterly Securities Report
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