Overview
Chemicals

HOKKO CHEMICAL INDUSTRY CO.,LTD.

Hokko Chemical Industry is a specialty chemical company engaged in the manufacture and sale of agrochemicals and fine chemical products. Its agrochemical business produces crop protection products for domestic and international markets, including North, Central, and South America, while its fine chemicals business manufactures electronic materials intermediates and related specialty chemicals, with production facilities in Japan and China. The company leverages proprietary synthesis technology as a key competitive strength, particularly in phosphine ligands and other advanced chemical intermediates.

Market Cap
¥43.7B
US$279M
EV
¥20.1B
US$128M
Stock¥1,731▲+0.52%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
2.8
x
LTM EV/EBIT
3.7
x
LTM PER
9.1
x
LTM PBR
0.8
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-17.3%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
43.7BUS$279MMarket Cap4.60BUS$29.3M+ Debt6.59BUS$42.0M− Cash21.6BUS$138M− Inv. Sec.20.1BUS$128MEV
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Performance & Balance
Revenue 5Y (¥B)
40.3US$257M'21/1144.9US$286M'22/1145.2US$288M'23/1146.2US$295M'24/1149.1US$313M'25/11
EBITDA 5Y (¥B)
4.22US$26.9M'21/116.10US$38.9M'22/116.34US$40.4M'23/116.36US$40.6M'24/116.67US$42.6M'25/11
Net Income 5Y (¥B)
2.93US$18.7M'21/114.21US$26.9M'22/113.72US$23.8M'23/114.01US$25.5M'24/114.45US$28.4M'25/11
Capital Structure
93%
EquityD/E 0.08xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
13.7US$87.4M1.63US$10.4M'21/1114.6US$93.1M1.50US$9.55M'22/1123.6US$151M1.00US$6.38M'23/1118.5US$118M1.00US$6.38M'24/1125.6US$163M1.00US$6.38M'25/11
Shareholders
Top 10 hold 52.2%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
9.23%
2
Nomura Shokusan Co., Ltd.
8.11%
3
SUMITOMO CHEMICAL COMPANY,LIMITED
7.59%
4
MSIP CLIENT SECURITIES (Standing Proxy: Morgan Stanley MUFG Securities Co., Ltd.)
6.82%
5
Resona Bank, Limited
4.96%
6
HOKKO CHEMICAL INDUSTRY CO.,LTD. Employee Stock Ownership Association
3.45%
7
Nomura Holdings, Inc.
3.22%
8
National Federation of Agricultural Cooperative Associations
3.09%
9
Custody Bank of Japan, Ltd. (Trust Account)
2.99%
10
NOMURA PROPERTIES, INC.
2.73%
Management
12 officers
Kenichi SANO
Representative Director, President
Apr 1981 Joined the Company Jul 2005 Deputy General Manager, Sales Planning Department Apr 2007 Deputy General Manager, Planning Department Feb 2012 General Manager, General Affairs Department Feb 2014 Executive Officer, Deputy in charge of Planning and Administration Group; General Manager, Planning Department and General Affairs Department Feb 2016 Director, Executive Officer, in charge of Planning and Administration Group; General Manager, Planning Department and General Affairs Department Jul 2016 Director, Executive Officer, Deputy in charge of Agrochemicals Business Group; General Manager, Sales Department Feb 2018 Director, Managing Executive Officer, in charge of Agrochemicals Business Group; General Manager, Sales Department Jul 2019 Director, Managing Executive Officer, in charge of Agrochemicals Business Group Dec 2019 Representative Director, President, in charge of Agrochemicals Business Group Feb 2021 Representative Director, President, in charge of Internal Audit Team (current)
1957-08-04
Shinichi HAYAKAWA
Director, Senior Managing Executive Officer, in charge of Agrochemicals Business Group
Apr 1985 Joined the Company Jan 2013 General Manager, Tokyo Branch Jul 2014 General Manager, Product Planning Department Jul 2017 Executive Officer, General Manager, Product Planning Department Dec 2019 Executive Officer, Deputy in charge of Agrochemicals Business Group; General Manager, Product Planning Department Feb 2021 Director, Executive Officer, in charge of Agrochemicals Business Group; General Manager, Product Planning Department Jul 2021 Director, Managing Executive Officer, in charge of Agrochemicals Business Group; General Manager, Product Planning Department Jul 2022 Director, Managing Executive Officer, in charge of Agrochemicals Business Group; General Manager, Product Planning Department and General Manager, Sales Department Dec 2022 Director, Managing Executive Officer, in charge of Agrochemicals Business Group; General Manager, Sales Department Feb 2024 Director, Managing Executive Officer, in charge of Agrochemicals Business Group Feb 2025 Director, Senior Managing Executive Officer, in charge of Agrochemicals Business Group (current)
1960-05-29
Naoyuki HAMADA
Director, Managing Executive Officer, in charge of Fine Chemicals Business Group
Apr 1988 Joined the Company Dec 2014 General Manager, Fine Chemicals Production Department, Okayama Plant Dec 2017 General Manager, Planning Department Feb 2021 Executive Officer, General Manager, Planning Department Sep 2021 Executive Officer, Deputy in charge of Fine Chemicals Business Group Feb 2022 Director, Executive Officer, in charge of Fine Chemicals Business Group Feb 2022 Chairman, Zhangjiagang Hokko Chemical Industry Co., Ltd. (current) Oct 2024 Director, Executive Officer, in charge of Fine Chemicals Business Group; General Manager, Chemical Products Research Laboratory Feb 2025 Director, Managing Executive Officer, in charge of Fine Chemicals Business Group; General Manager, Chemical Products Research Laboratory Jul 2025 Director, Managing Executive Officer, in charge of Fine Chemicals Business Group (current) Feb 2026 Representative Director, President, Hokko Sangyo Co., Ltd. (current)
1965-09-22
Yasunori MIYAZAKI
Full-time Audit & Supervisory Board Member
Apr 1988 Joined the Company Jul 2013 General Manager, Fine Chemicals Production Technology Research Department, Okayama Plant Feb 2019 General Manager, Fine Chemicals Planning and Operations Department Jul 2020 General Manager, Chemical Products Research Laboratory Jul 2022 Executive Officer, General Manager, Okayama Plant Jul 2022 Director, Hokko Pax Co., Ltd. Oct 2022 Director, Kyodo Co., Ltd. Feb 2026 Audit & Supervisory Board Member of the Company (current) Feb 2026 Audit & Supervisory Board Member, Hokko Pax Co., Ltd. (current) Feb 2026 Supervisor, Zhangjiagang Hokko Chemical Industry Co., Ltd. (current)
1966-02-11
Hiroyuki TARUMI
Director
Apr 1975 Joined Mitsubishi Corporation Apr 2002 Manager, Copper Business Unit, Non-ferrous Metals Division, Mitsubishi Corporation Apr 2005 Head of CEO Office, Metals Group, Mitsubishi Corporation Apr 2006 Executive Officer, EVP, Mitsubishi Corporation USA Apr 2009 Chief Regional Officer, Africa, Mitsubishi Corporation; General Manager, Johannesburg Branch Apr 2011 Advisor, Mitsubishi Corporation May 2012 Advisor, Mitsubishi Materials Corporation; General Manager, Vancouver Branch May 2015 President, Huckleberry Mines Ltd. Feb 2019 Director of the Company (current)
1951-08-12
Masaru ISHIO
Director
Apr 1981 Joined Nippon Life Insurance Company Oct 1993 Manager, Pension Investment Section, Nippon Life Insurance Company Apr 1998 Head of Investment Division, Nissay Asset Management Corporation Jan 2001 Head of Pension Business Department, Franklin Templeton Investments Japan Ltd. Mar 2003 Senior Manager, Public Pension Division, Tokio Marine Asset Management Co., Ltd. Apr 2007 Part-time Lecturer, Faculty of Nursing, Kyoritsu Women's University Apr 2012 Technical Advisor, Pension Bureau, Ministry of Health, Labour and Welfare May 2014 Senior Research Fellow, Japan Medical Association Research Institute Feb 2020 Director of the Company (current) Apr 2021 Part-time Lecturer, Senshu University (current)
1958-01-01
Tokiko NAKAGAWA
Director
Apr 2001 Joined Nihon Lever K.K. (now Unilever Japan Holdings K.K.) May 2005 Joined Henkel Japan K.K., R&D Department Apr 2007 Junior Brand Manager, Marketing Department, Henkel Japan K.K. May 2008 Joined L'Oréal Japan, Senior Researcher, R&D Center Jun 2014 Representative Member, Beauty Education Research Institute LLC (now Hair Color Master Certification Association LLC) (current) Apr 2015 Associate Professor, Hollywood University Graduate School, Mei Ushiyama Gakuen Feb 2023 Director of the Company (current) Apr 2023 Professor, Hollywood University Graduate School, Mei Ushiyama Gakuen (current)
1976-04-15
Madoka SAEKI
Director
Apr 2001 Joined Japan Patent Office, Ministry of Economy, Trade and Industry; Patent Examiner, Third Patent Examination Division (Medical: Pharmaceutical Compounds) Apr 2005 Patent Examiner, Third Patent Examination Division (Medical: Pharmaceutical Compounds), Japan Patent Office Apr 2006 Patent Examiner, Third Patent Examination Division (Environmental Chemistry), Japan Patent Office Sep 2014 General Manager, Secretariat, Medical Research Institute, Medical Corporation Soyukai Foundation Dec 2018 Specially Appointed Associate Professor (Sub-Creative Manager, Intellectual Property), Keio University Innovation Promotion Headquarters Apr 2021 Specially Appointed Associate Professor, attached to the Director, Research Collaboration Promotion Headquarters, Keio University Feb 2025 Director of the Company (current)
1975-12-17
Tetsutaro NOZAKI
Director
Apr 2009 Joined ITOCHU Corporation May 2017 Account Manager, Warrnambool Cheese & Butter Japan (now Serion Co., Ltd.) May 2021 Representative Director, President, Naikai Kenzai Co., Ltd. (current) Jun 2022 Representative Director, President, Naikai Archit Co., Ltd. (current) May 2024 Representative Director, President, Naikai Unso Soko Co., Ltd. (current) May 2025 Representative Director, President, Naikai Shoji Co., Ltd. (current) May 2025 Representative Director, President, Naikai Kigyo Co., Ltd. (current) Jun 2025 Representative Director, President, Naikai Ensho Co., Ltd. (current) Feb 2026 Director of the Company (current)
1985-05-16
Kazuhito OGURA
Full-time Audit & Supervisory Board Member
Apr 1987 Joined JA Zenno (National Federation of Agricultural Cooperative Associations) Feb 2010 Section Manager, Agricultural Machinery Business Reform Promotion Section, Production Materials Department, Head Office, JA Zenno Mar 2015 Section Manager, General Section, Production Materials Department, Head Office, JA Zenno Apr 2017 Deputy General Manager, Food Labeling and Compliance Department, Head Office, JA Zenno Apr 2018 Deputy General Manager, Legal and Risk Management Division, Head Office, JA Zenno Apr 2019 Deputy Head, Okayama Prefectural Headquarters, JA Zenno Apr 2021 General Manager, Audit Secretariat, Head Office, JA Zenno Apr 2022 Senior Managing Director, Crop Materials Department, Head Office, JA Zenno Feb 2024 Audit & Supervisory Board Member of the Company (current) Feb 2024 Audit & Supervisory Board Member, Hokko Sangyo Co., Ltd. (current) Feb 2024 Audit & Supervisory Board Member, Biei Hakudo Kogyo Co., Ltd. (current) Feb 2024 Audit & Supervisory Board Member, Hokko Pax Co., Ltd.
1963-11-30
Shuji GOTO
Audit & Supervisory Board Member
Apr 1981 Joined DuPont Far East Apr 1993 Assigned to DuPont headquarters, United States Jan 2005 General Manager, Planning Department, Agricultural Products Division, DuPont K.K. Dec 2005 Outside Director, Maruwa Biochemical Co., Ltd. Jan 2006 General Manager, Agricultural Products Division, DuPont K.K. Sep 2006 Executive Officer, DuPont K.K. Dec 2009 Managing Executive Officer, DuPont K.K. Sep 2014 Senior Managing Executive Officer, DuPont K.K. Oct 2016 Representative Director, DuPont Production Agro-Sciences K.K. (now Corteva Agriscience Japan K.K.) Nov 2017 Japan Representative, FMC Chemicals K.K. Sep 2018 Representative Director, President, FMC Chemicals K.K. Jul 2019 Special Advisor, Maruwa Biochemical Co., Ltd. Feb 2021 Audit & Supervisory Board Member of the Company (current)
1958-04-04
Mie ISHIDA
Audit & Supervisory Board Member
Sep 2008 Registered as attorney-at-law (Dai-Ni Tokyo Bar Association) Sep 2008 Joined Ishida Law Office (current) Jun 2018 Outside Director (Audit and Supervisory Committee Member), Aomori Bank, Ltd. (now Michinoku Bank, Ltd.) Apr 2022 Outside Director (Audit and Supervisory Committee Member), Procrea Holdings, Inc. (current) Feb 2026 Audit & Supervisory Board Member of the Company (current)
1975-04-25
Large Shareholding Reports
Resona Bank, Limited
2026-09-25
6.32%→7.52%
Annual report (as of 2026-05-31): 4.96%
Resona Bank, Limited
2026-06-22
4.61%→5.27%
Annual report (as of 2026-05-31): 4.96%
Nomura Asset Management Co., Ltd.
2026-06-08
3.58%→3.58%
Nomura Asset Management Co., Ltd.
2026-06-03
3.81%→3.58%
Nomura Asset Management Co., Ltd.
2025-12-08
3.80%→3.81%
Nomura Asset Management Co., Ltd.
2025-12-05
4.43%→3.80%
Resona Bank, Limited
2025-11-07
5.78%→4.61%
Annual report (as of 2026-05-31): 4.96%
Resona Bank, Limited
2025-09-19
4.75%→5.78%
Annual report (as of 2026-05-31): 4.96%
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-10-09
Q3 Earnings Flash
FY ending Nov 2026
EDINET
2026-09-25
Large Shareholding Report
TDnet
2026-07-10
Q2 Earnings Flash
FY ending Nov 2026
EDINET
2026-07-10
Semi-Annual Securities Report
Period: Dec 2025 – Nov 2026
EDINET
2026-06-22
Large Shareholding Report
EDINET
2026-06-08
Large Shareholding Report
EDINET
2026-06-03
Large Shareholding Report
TDnet
2026-04-10
Q1 Earnings Flash
FY ending Nov 2026
EDINETAmended
2026-03-30
Amended Annual Securities Report
Period: Dec 2024 – Nov 2025
EDINET
2026-02-20
Annual Securities Report
Period: Dec 2024 – Nov 2025
EDINET
2025-12-08
Large Shareholding Report
EDINET
2025-12-05
Large Shareholding Report
EDINET
2025-11-07
Large Shareholding Report
TDnet
2025-10-10
Q3 Earnings Flash
FY ending Nov 2025
EDINET
2025-09-19
Large Shareholding Report
EDINET
2025-07-11
Semi-Annual Securities Report
Period: Dec 2024 – Nov 2025
TDnet
2025-04-11
Q1 Earnings Flash
FY ending Nov 2025
EDINET
2025-02-26
Annual Securities Report
Period: Dec 2023 – Nov 2024
EDINET
2024-07-10
Quarterly Securities Report
Period: Mar 2024 – May 2024
EDINET
2024-04-08
Quarterly Securities Report
Period: Dec 2023 – Feb 2024
EDINETAmended
2024-02-26
Amended Annual Securities Report
Period: Dec 2022 – Nov 2023
EDINET
2024-02-22
Annual Securities Report
Period: Dec 2022 – Nov 2023
EDINET
2023-10-10
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-07-10
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINET
2023-04-11
Quarterly Securities Report
Period: Dec 2022 – Feb 2023
EDINET
2023-02-22
Annual Securities Report
Period: Dec 2021 – Nov 2022
EDINET
2022-10-12
Quarterly Securities Report
EDINET
2022-07-11
Quarterly Securities Report
EDINET
2022-04-12
Quarterly Securities Report
EDINET
2022-02-25
Annual Securities Report
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