New Japan Chemical Co.., LTD.
4406・Standard Market・Chemicals
New Japan Chemical Co., Ltd. (Single Segment)
A chemical manufacturer (single segment) using natural fats and oils and petrochemical products as raw materials
| Period | Current | Previous | Change |
|---|---|---|---|
| Net Sales (Full Year, FY2026 (ending March 2026) Results) | ¥32,105 million | ¥32,703 million | ↓ |
| Operating Income (Full Year, FY2026 (ending March 2026) Results) | ¥576 million | ¥829 million | ↓ |
| Ordinary Income (Full Year, FY2026 (ending March 2026) Results) | ¥547 million | ¥1,195 million | ↓ |
| Profit Attributable to Owners of Parent (Full Year, FY2026 (ending March 2026) Results) | ¥597 million | ¥522 million | ↑ |
| Operating Margin (Full Year, FY2026 (ending March 2026) Results) | 1.8% | 2.5% | ↓ |
| Equity Ratio (End of FY2026 (ending March 2026)) | 48.9% | 47.4% | ↑ |
| Total Assets (End of FY2026 (ending March 2026)) | ¥40,345 million | ¥37,519 million | ↑ |
| Net Assets (End of FY2026 (ending March 2026)) | ¥20,987 million | ¥18,995 million | ↑ |
| Cash Flow from Operating Activities (FY2026 (ending March 2026)) | ¥1,643 million | △¥224 million | ↑ |
| Cash and Cash Equivalents at End of Period (End of FY2026 (ending March 2026)) | ¥5,532 million | ¥2,780 million | ↑ |
| Net Assets per Share (End of FY2026 (ending March 2026)) | ¥529.55 | ¥477.07 | ↑ |
| Annual Dividend (FY2026 (ending March 2026)) | ¥4.50 | ¥4.00 | ↑ |
| Net Sales (Full Year, FY2027 (ending March 2027) Forecast) | ¥32,500 million | ¥32,105 million | ↑ |
| Operating Income (Full Year, FY2027 (ending March 2027) Forecast) | ¥800 million | ¥576 million | ↑ |
Business Details
The company manufactures and sells fatty acids, higher alcohols, and surfactants derived primarily from natural fats and oils, as well as plasticizers, resin additives, and functional products derived primarily from petrochemical products. Manufacturing is carried out by the Company and its subsidiaries (Nissin Chemical Co., Ltd., Nitto Chemical Industry Co., Ltd., etc.), with the Company handling unified sales. From FY2026 (ending March 2026), NJC Europe Ltd. and NJC America Inc. were newly consolidated. While competition continues to intensify in the general-purpose product field due to inflows of low-priced products from Asia, the Company is promoting market expansion of high-performance and biomass-derived products.
Recent Overview
Sakai Plant closure decided and extraordinary losses recorded; operating income down 30.5% year on year while net income increased
In FY2026 (ending March 2026), net sales were ¥32,105 million (down 1.8% year on year) and operating income was ¥576 million (down 30.5% year on year), falling short of the medium-term management plan target (operating income of ¥800 million). The main causes were intensified inflows of low-priced Asian products into the general-purpose product segment and decreased automotive sales due to Trump tariffs. On the other hand, the Company recorded a gain on sale of investment securities of ¥824 million as extraordinary income, and recorded a loss on plant closure of ¥504 million and a loss on waiver of receivables from an affiliated company of ¥150 million as extraordinary losses, resulting in profit attributable to owners of parent of ¥597 million (up 14.5% year on year). Due to the new consolidation of NJC Europe Ltd. and NJC America Inc. (an increase of ¥632 million in cash and cash equivalents), the cash balance at period end expanded to ¥5,532 million, approximately double the level at the end of the previous period. For FY2027 (ending March 2027), the first year of the new medium-term management plan (FY2026–FY2030), the Company forecasts net sales of ¥32,500 million and operating income of ¥800 million.
Key Products
Growth Drivers
- Promotion of a global niche top strategy in next-generation semiconductor and environmental response fields (new medium-term management plan, FY2026–FY2030)
- Increased sales volume driven by expanding end-demand for high-performance products (weather-resistant plasticizers, pharmaceutical raw materials, cosmetic ingredients)
- Development and market expansion of new biomass-derived products such as "RiKANATURA®" and the "Green Sizer® Series"
- Expansion of overseas business foundation through new consolidation of NJC Europe Ltd. and NJC America Inc.
- Increase in the proportion of high-value-added products through expanded adoption of RiKACRYSTA® in automotive parts
- Maintaining and improving productivity and promoting DX through digitalization of equipment and operational information and utilization of big data
- Strengthening resilience to procurement risk through multi-sourcing of key items and review of the supply chain
- Optimization of management resources and improved production efficiency through the closure of the Sakai Plant
Risks
- Intensifying price competition and declining volumes in general-purpose products due to increased inflows of low-priced imports from Chinese and Southeast Asian manufacturers
- Cost pressure from soaring prices of key raw materials (naphtha, natural fats and oils, vegetable oils, etc.)
- Structural decline in demand for general-purpose plasticizers due to sluggish new housing starts in Japan
- Deterioration of the export environment for automotive industry products due to geopolitical risks such as Trump tariffs and intensifying U.S.-China trade friction
- Sluggish end-demand for electronic materials products due to the slowdown in the Chinese economy
- Supply constraints due to rising import costs from yen depreciation and worsening labor shortages
- Delayed profit contribution from new products (RiKANATURA®, etc.) due to R&D expense burden and lack of mass-production effects
- Business start-up costs and operational risks at newly consolidated subsidiaries in Europe and the Americas
Last updated: June 23, 2026