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Process Industries

Nippon Kayaku Co., Ltd.

Business Summary

Nippon Kayaku Co., Ltd. engages in the manufacture and sale of chemicals. It operates through the following segments: Functional Chemicals, Pharmaceuticals, Safety Systems, and Others. The Functional Chemicals segment provides products in the environment and energy conservation fields based on dye and resin technology. The Pharmaceuticals segment centers on anti-cancer drugs and cancer related fields. The Safety Systems segment handles the improvement of automobile safety through applied explosive technologies that includes airbag inflators and gas generators. The Others segment deals with agrochemicals and real estate leasing. The company was founded by Jotaro Yamamoto, Naokichi Kaneko, and Soubei Mogi on June 5, 1916 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2023 JPYUSD
Gross Profit65,903M486.30M
Operating income21,506M158.69M
Income before tax20,972M154.75M
Net income14,985M110.57M
Diluted EPS89.320.65
Dividends Per Share450.33
Total Assets322,858M2,425.86M
Total liabilities67,829M509.64M
Total equity254,019M1,908.62M
Operating cash flow20,039M147.87M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 172,640M 175,133M 173,384M 184,805M 198,380M
Gross Profit 62,756M 57,477M 55,474M 62,881M 65,903M
Operating income 19,941M 17,487M 15,193M 21,052M 21,506M
Income before tax 21,283M 18,141M 17,523M 23,700M 20,972M
Net income 14,852M 12,816M 12,574M 17,181M 14,985M
EBITDA 32,130M 30,071M 28,666M 35,151M 35,746M
Diluted EPS 85.75 74.22 73.61 101.65 89.32
Dividends Per Share 30 30 30 40 45
Total Assets 293,571M 278,496M 294,535M 315,459M 322,858M
Total liabilities 64,525M 68,474M 66,257M 69,031M 67,829M
Total equity 216,041M 209,344M 227,506M 245,480M 254,019M
Operating cash flow 26,803M 27,281M 24,408M 23,141M 20,039M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 1,556.79M 1,610.77M 1,634.81M 1,644.57M 1,463.87M
Gross Profit 565.90M 528.64M 523.05M 559.57M 486.30M
Operating income 179.81M 160.83M 143.25M 187.34M 158.69M
Income before tax 191.92M 166.85M 165.22M 210.90M 154.75M
Net income 133.92M 117.87M 118.55M 152.89M 110.57M
EBITDA 289.73M 276.57M 270.28M 312.80M 263.77M
Diluted EPS 0.77 0.68 0.69 0.90 0.65
Dividends Per Share 0.27 0.27 0.28 0.35 0.33
Total Assets 2,652.31M 2,579.74M 2,665.47M 2,599.04M 2,425.86M
Total liabilities 582.96M 634.28M 599.61M 568.74M 509.64M
Total equity 1,951.85M 1,939.17M 2,058.87M 2,022.49M 1,908.62M
Operating cash flow 241.69M 250.91M 230.13M 205.93M 147.87M

Valuation Measures

Mar 2023
Operating margin10.84%
Profit margin7.55%


  • President & Representative Director: Atsuhiro Wakumoto
  • Managing Executive Officer, General Manager-R&D: Yoshimi Inoue
  • Executive Officer & Manager-Legal Affairs: Hitoshi Kawamura
  • Managing Director, GM-Administration & Personnel: Hiroshi Mikami
  • Representative Director & GM-Corporate Strategy: Tomoo Shibuya


  • Silchester International Investors LLP (18.5%)
  • Nippon Kayaku Kayabe Star Club Business Association (3.6%)
  • Mitsubishi UFJ Financial Group, Inc. (3.5%)
  • The Vanguard Group, Inc. (3.1%)
  • National Mutual Insurance Fed. of Agricultural Cooperatives (3.0%)
  • Mebuki Financial Group, Inc. (2.9%)
  • Meiji Yasuda Life Insurance Co. (2.8%)
  • Nippon Kayaku Co., Ltd. (2.7%)
  • Nomura Asset Management Co., Ltd. (2.6%)
  • Dimensional Fund Advisors LP (1.5%)

Contact Details

  • Website:
  • Address: Meiji Yasuda Seimei Bldg 19th-20th/F, 2-1-1 Marunouchi, Tokyo, 100-0005, Japan
  • Phone: +81.3.6731.5200

Related Companies

  • Nippon Kayaku Restricted Stock Compensation Plan
  • Gilmore Road Property LLC
  • Wuxi Advanced Kayaku Chemical Co. Ltd.
  • Wako Toshi Kaihatsu Co., Ltd.
  • NIPPON KAYAKU (Thailand) Co., Ltd.
  • Dejima Tech BV
  • Kayaku Safety Systems Malaysia Sdn. Bhd.
  • Nippon Kayaku Korea Co., Ltd.
  • Taiwan Nippon Kayaku Co., Ltd.
  • Shanghai KAYAKU International Trading Co., Ltd.
  • Kayaku Safety Systems (Huzhou) Co., Ltd
  • Kayaku (Shanghai) Co., Ltd.
  • Kayaku Chemical (Wuxi) Co., Ltd.
  • Kayaku Safety Systems de Mexico SA de CV
  • Nippon Kayaku CZ sro
  • ILFORD Imaging Switzerland GmbH /Dye Business/
  • Microchem Corp. (South Korea)
  • Euro Nippon Kayaku GmbH
  • Nippon Kayaku America, Inc.
  • Nippon Kayaku Fukuyama KK
  • Nippon Kayaku Tokyo Co. Ltd.
  • Nippon Kayaku Food Techno Co., Ltd.
  • LEO House Co. Ltd.
  • Nikka Fine Techno Co., Ltd.
  • Nippon Kayaku Kayabe Star Club Business Association
  • Kayaku Advanced Materials, Inc.
  • Lifesparc, Inc.
  • Indet Safety Systems as
  • NKNM Ltd
  • Polatechno Co., Ltd.


  • Optimax Technology Corporation
Last Updated on 22 Sep, 2023

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