Overview
Oil and Coal Products

MORESCO Corporation

MORESCO Corporation is a specialty chemical manufacturer focused on the production and sale of specialty lubricants, synthetic lubricants, raw materials, hot-melt adhesives, and energy device materials. Its product portfolio spans high-vacuum pump oils, die-casting release agents, hot-forging lubricants, cutting fluids, hard disk surface lubricants, radiation-resistant lubricants, organic EL encapsulants, and gas/water vapor permeability measurement devices. The company serves diverse industries including automotive, electronics, semiconductor, and advanced energy sectors, with manufacturing and sales operations across Japan, China, Southeast/South Asia, and North America.

Market Cap
¥26.8B
US$171M
EV
¥26.6B
US$169M
Stock¥2,913▲+0.07%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
5.2
x
LTM EV/EBIT
5.9
x
LTM PER
10.6
x
LTM PBR
1.1
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+92.6%pt
100123
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 19, 26Company underperformance (-5.9% vs TOPIX -2.9%)
2Jul 10, 26Q1 FY2027/02 earnings announced
3Oct 16, 26FY operating profit guidance raised 90% (¥2.4bn→¥4.5bn); dividend hiked ¥55→¥95
MC → EV Bridge
26.8BUS$171MMarket Cap3.03BUS$19.3M+ Debt5.97BUS$38.1M− Cash0.89BUS$5.70M− Inv. Sec.3.64BUS$23.2M+ NCI26.6BUS$169MEV
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Performance & Balance
Revenue 5Y (¥B)
27.3US$174M'22/230.3US$193M'23/231.9US$203M'24/234.4US$219M'25/234.9US$222M'26/2
EBITDA 5Y (¥B)
2.64US$16.9M'22/21.76US$11.2M'23/22.41US$15.4M'24/22.69US$17.1M'25/23.59US$22.9M'26/2
Net Income 5Y (¥B)
1.81US$11.5M'22/20.62US$3.92M'23/21.28US$8.18M'24/21.01US$6.46M'25/21.53US$9.73M'26/2
Capital Structure
89%
EquityD/E 0.12xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
4.37US$27.9M0.91US$5.80M'22/24.78US$30.5M2.85US$18.2M'23/26.25US$39.8M6.11US$38.9M'24/26.16US$39.3M5.26US$33.5M'25/27.81US$49.8M4.67US$29.8M'26/2
Shareholders
Top 10 hold 40.1%
1
Matsumura Oil Co., Ltd.
11.60%
2
Cosmo Oil Lubricants Co., Ltd.
5.50%
3
MORESCO Employee Stock Ownership Association
4.20%
4
Nippon Soda Co.,Ltd.
4.00%
5
Starlite Co., Ltd.
3.50%
6
Mizuho Bank, Ltd.
2.70%
7
MUFG Bank, Ltd.
2.70%
8
Osaka Small and Medium Business Investment & Consultation Co., Ltd.
2.30%
9
Shima Boeki Co., Ltd.
1.80%
10
Kyodo Yushi Co., Ltd.
1.80%
Management
10 officers
Motohisa MOROZUMI
Representative Director, President and CEO
Apr 1987 Joined Nihon Fuller Co., Ltd. (now Sekisui Fuller Company, Ltd.) Mar 1999 Joined the Company; Tokyo Sales Section Manager, Sales Division III Mar 2007 General Manager, Sales Department, Hot Melt Business Division May 2008 Executive Officer; General Manager, Sales Department, Hot Melt Business Division Mar 2011 Executive Officer; General Manager, Hot Melt Business Division and Hot Melt Sales Department May 2011 Director, Executive Officer; General Manager, Hot Melt Business Division and Hot Melt Sales Department Jan 2012 Representative Director, President, PT. MORESCO MACRO ADHESIVE May 2014 Director, Managing Executive Officer; General Manager, Hot Melt Business Division and Hot Melt Sales Department Mar 2015 Director, Managing Executive Officer; General Manager, Hot Melt Business Division May 2017 Director, Senior Managing Executive Officer; General Manager, Hot Melt Business Division and Metalworking Fluids Business Division May 2018 Representative Director, President, Senior Managing Executive Officer, COO May 2021 Representative Director, President, CEO (current)
1962-04-23
Nobuhiro SEWAKI
Director, Senior Managing Executive Officer, COO
Apr 1982 Joined the Company Mar 2008 General Manager, Sales Department, Functional Materials Business Division May 2010 Executive Officer; General Manager, Sales Department, Functional Materials Business Division Mar 2015 Representative Director, President, MORESCO (THAILAND) CO., LTD. May 2015 Executive Officer, in charge of Southeast Asia May 2016 Senior Executive Officer, in charge of Southeast Asia Feb 2017 Representative Director, President, MORESCO HM&LUB INDIA PRIVATE LIMITED May 2017 Director, Senior Executive Officer, in charge of Southeast Asia May 2018 Director, Senior Executive Officer, in charge of Overseas Business Nov 2020 Chairman, Wuxi Desong Technology Co., Ltd. May 2021 Director, Senior Managing Executive Officer, COO (current) Apr 2025 Representative Director, President, Moresco Techno Co., Ltd. (current)
1964-03-23
Hirofumi FUJIMOTO
Director, Managing Executive Officer, CFO, in charge of Sustainability
Apr 2010 Joined Mizuho Corporate Bank, Ltd. (now Mizuho Bank, Ltd.); Syndication Promotion Manager, Product Distribution Department Jul 2012 Deputy General Manager, Shinjuku Branch, Mizuho Corporate Bank, Ltd. Apr 2015 General Manager, Investor Services Department, Trust & Custody Services Bank, Ltd. (now Custody Bank of Japan, Ltd.) May 2017 Senior Advisor, Business Audit Department, Mizuho Bank, Ltd. Mar 2019 Joined the Company; Senior Manager, Corporate Planning Department Mar 2020 General Manager, Overseas Sales Department, Hot Melt Business Division Jan 2021 Executive Officer, in charge of Administration; CFO Mar 2021 Executive Officer, in charge of Administration and Safety; CFO May 2021 Director, Senior Executive Officer, CFO, in charge of Administration and Safety Mar 2022 Director, Senior Executive Officer, CFO Apr 2024 Director, Senior Executive Officer, CFO, in charge of Sustainability May 2025 Director, Managing Executive Officer, CFO, in charge of Sustainability (current)
1966-07-14
Jiro HOSOMI
Director, Executive Officer, in charge of Overseas Business
Apr 1996 Joined the Company Mar 2014 General Manager, Sales Department, Metalworking Fluids Business Division May 2018 General Manager, Metalworking Fluids Business Division and Sales Department May 2019 Executive Officer; General Manager, Metalworking Fluids Business Division and Sales Department May 2021 Representative Director, President, Moresco Techno Co., Ltd. Mar 2023 Executive Officer; General Manager, Functional Materials Business Division May 2024 Director, Executive Officer, in charge of Overseas Business (current) Mar 2025 Representative Director, President, MORESCO HM&LUB INDIA PRIVATE LIMITED (current)
1972-06-09
Katsuhito FUKUDA
Director, Executive Officer, CTO
Apr 1992 Joined the Company Mar 2012 General Manager, Hot Melt Development Department, Hot Melt Business Division Mar 2015 Executive Officer; General Manager, Hot Melt Development Department Mar 2021 Executive Officer; General Manager, Hot Melt Development Department and R&D Department Mar 2022 Executive Officer; General Manager, R&D Department May 2025 Director, Executive Officer, CTO (current)
1970-03-03
Hiroshi SAKAI
Director
Nov 2007 General Manager, Ichihara R&D Center, Electronics Business Division, HD Business Division, Showa Denko K.K. (now Resonac Corporation) Sep 2008 General Manager, Technology Development Department, HD Business Division, Showa Denko K.K. Jan 2012 Corporate Fellow; General Manager, Technology Development Department, HD Business Division, Showa Denko K.K. Jan 2015 Senior Corporate Fellow; General Manager, Technology Development Division, HD Business Division, Showa Denko K.K. Jan 2019 Officer; General Manager, Technology Development Division, Device Solutions Business Division, Showa Denko K.K. Jan 2020 Executive Officer, Chief Technology Officer (CTO), Showa Denko K.K. Mar 2020 Director, Executive Officer, CTO, Showa Denko K.K. Jan 2022 Director, Managing Executive Officer, CTO, Showa Denko K.K. Jan 2022 Managing Executive Officer, CTO, Showa Denko Materials Co., Ltd. (now Resonac Corporation) Jan 2023 Fellow, Resonac Corporation Jan 2025 Advisor, Resonac Hard Disk Co., Ltd. (current) May 2025 Director of the Company (current)
1961-10-25
Tadashi TAKEUCHI
Director, Full-time Audit and Supervisory Committee Member
Apr 1993 Joined the Company Mar 2007 Section Manager, Oyama Sales Office, Functional Materials Sales Department, Functional Materials Business Division Mar 2011 Section Manager, Business Section and Sales Planning Section, Osaka Branch Mar 2016 Senior Manager, Corporate Planning Department Mar 2018 General Manager, Human Resources Department, Administration Division May 2022 General Manager, Human Resources Department and General Affairs Department Feb 2023 General Manager, Human Resources Department Mar 2024 General Manager, Internal Audit Office May 2026 Director, Full-time Audit and Supervisory Committee Member (current)
1967-07-18
Mikio NAKAGAMI
Director, Audit and Supervisory Committee Member
Apr 1998 Registered as attorney-at-law; joined Sawada Kikui Law Office (now Sawada Nakagami Mori Law Office) Apr 2005 Partner Attorney, Sawada Nakagami Law Office (now Sawada Nakagami Mori Law Office) Jun 2010 Outside Audit & Supervisory Board Member, Nishishiba Electric Co., Ltd. Jun 2011 Outside Audit & Supervisory Board Member, Glory Ltd. May 2019 Representative Attorney, Sawada Nakagami Mori Law Office (current) Jun 2019 Outside Audit & Supervisory Board Member, Daiwa Kogyo Co., Ltd. (current) May 2020 Director, Audit and Supervisory Committee Member of the Company (current)
1963-03-19
Hiroko FUJI
Director, Audit and Supervisory Committee Member
Apr 1981 Joined Daimaru, Inc. (now Daimaru Matsuzakaya Department Stores Co., Ltd.) May 2011 Executive Officer; General Manager, Second MD Promotion Department, MD Strategy Promotion Office, Daimaru, Inc. Sep 2011 Executive Officer; General Manager, Independent Business Division, MD Strategy Promotion Office, Daimaru, Inc. Apr 2013 Executive Officer; General Manager, Daimaru Osaka Umeda Store Jan 2017 Executive Officer; General Manager, Daimaru Kobe Store Jan 2020 Executive Officer; General Manager, Daimaru Sapporo Store Jan 2021 Executive Officer, in charge of special matters for the President Jun 2021 Joined Ad Daisen Co., Ltd.; General Manager, Ad Teresupport Headquarters May 2022 Director of the Company May 2025 Director, Audit and Supervisory Committee Member (current)
1960-09-27
Yukiko HIRASAWA
Director, Audit and Supervisory Committee Member
Mar 1982 Joined Osaka National Tax Bureau Jul 2017 Director, Kainan Tax Office Jul 2022 Director, Kadoma Tax Office Sep 2024 Opened Yukiko Hirasawa Tax Accountant Office; Director (current) Jun 2025 Outside Director, Hosiden Corporation (current) May 2026 Director, Audit and Supervisory Committee Member (current)
1964-03-17
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-15
Semi-Annual Securities Report
Period: Mar 2026 – Feb 2027
TDnet
2026-10-15
Q2 Earnings Flash
FY ending Feb 2027
TDnet
2026-07-09
Q1 Earnings Flash
FY ending Feb 2027
EDINET
2026-05-26
Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2026-01-13
Q3 Earnings Flash
FY ending Feb 2026
EDINET
2025-10-14
Semi-Annual Securities Report
Period: Mar 2025 – Feb 2026
TDnet
2025-07-10
Q1 Earnings Flash
FY ending Feb 2026
EDINET
2025-05-29
Annual Securities Report
Period: Mar 2024 – Feb 2025
TDnet
2025-01-14
Q3 Earnings Flash
FY ending Feb 2025
EDINET
2024-10-11
Semi-Annual Securities Report
Period: Mar 2024 – Feb 2025
EDINET
2024-07-12
Quarterly Securities Report
Period: Mar 2024 – May 2024
TDnet
2024-07-12
Q1 Earnings Flash
FY ending Feb 2025
EDINET
2024-05-30
Annual Securities Report
Period: Mar 2023 – Feb 2024
EDINET
2024-01-15
Quarterly Securities Report
Period: Sep 2023 – Nov 2023
EDINET
2023-10-12
Quarterly Securities Report
Period: Jun 2023 – Aug 2023
EDINET
2023-07-12
Quarterly Securities Report
Period: Mar 2023 – May 2023
EDINET
2023-05-30
Annual Securities Report
Period: Mar 2022 – Feb 2023
EDINET
2023-01-13
Quarterly Securities Report
Period: Sep 2022 – Nov 2022
EDINET
2022-10-13
Quarterly Securities Report
EDINET
2022-07-13
Quarterly Securities Report
EDINET
2022-05-27
Annual Securities Report
EDINET
2022-01-13
Quarterly Securities Report
EDINET
2021-10-13
Quarterly Securities Report
EDINET
2021-07-13
Quarterly Securities Report
EDINET
2021-05-28
Annual Securities Report
EDINET
2021-01-13
Quarterly Securities Report
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