ENVALITH
アトミクス株式会社 logo

ATOMIX CO.,LTD.

4625・Standard Market・Chemicals

Official website
アトミクス株式会社 logo
ATOMIX CO.,LTD.4625

Business

Atomix Corporation, founded in 1937, is a specialized coatings manufacturer comprising two segments: the Coatings Sales Business, which manufactures and sells Road Coatings (road markings, products for the visually impaired, etc.), Architectural Coatings (flooring, roofing, and waterproofing materials), Household Coatings (for DIY use), and Concrete Structure Protection & Repair Materials; and the Construction Business, which undertakes application works utilizing the company's own products. The company forms a group together with four domestic subsidiaries (Atom Support, Atom Technos, Abus, and Atom Machine Service), with a broad range of major customers including public works ordering bodies, construction contractors, and home improvement centers. The company is listed on the Standard Market of the Tokyo Stock Exchange.

Business Model

In the Coatings Sales Business, the company manufactures products at its own factories and generates revenue by selling them to domestic customers through direct sales and via subsidiaries. In the Construction Business, it undertakes construction work using its own products, forming a vertically integrated framework that feeds on-site feedback back into product development. Through technology licensing agreements with Thailand and Uzbekistan, the company also earns royalty income from manufacturing technology.

Company Strengths

The company began manufacturing powder-melt type road coatings in 1964, and in 1971 developed the world's first fusion-spray type lane marking machine, the "Heat Line Marker." It offers a lineup of functional products including road surface marking coatings, products related to visually impaired persons, and heat-shielding products, and has established external recognition of its technology, including technology licensing agreements with Thailand and Uzbekistan.

As of the end of FY2026 (ending March 2026), the company maintains high financial soundness with an equity ratio of 68.6% and a current ratio of 227.7%, while also keeping its interest-bearing debt ratio at a low level. Cash and cash equivalents at fiscal year-end reached ¥3,336 million, providing a financial base on which management judges there to be no issues with cash flow or fundraising.

The group has built a consistent value chain from product development to construction and logistics, with subsidiaries complementing each function: coatings manufacturing (the Company), household coatings sales (Atom Support), logistics (Abs), construction machinery manufacturing (Atom Machinery Service), and construction application works (Atom Technos). It has further expanded its business domain into the development and sale of software related to traffic safety and infrastructure management.

ENVALITH's Perspective

Net income for FY2026 (ending March 2026) rose sharply to ¥945 million from ¥229 million in the prior period. However, the consolidated statement of cash flows shows a gain on sale of fixed assets of ¥728 million, suggesting that a substantial portion of the ¥1,348 million income before income taxes reflects a one-time gain from asset sales. On an operating income basis, income also rose +62% to ¥569 million from ¥351 million in the prior period, confirming an improvement in core profitability as well, but caution is warranted in taking the sharp expansion in net income at face value.

Cash flow from operating activities for FY2026 (ending March 2026) declined to ¥650 million (restated; prior period: ¥1,020 million). In investing activities, proceeds from sale of property, plant and equipment of ¥1,666 million were recorded, while there were outflows including ¥900 million for time deposits placed and ¥626 million for acquisition of property, plant and equipment, resulting in investing CF of ¥(110) million. The cash and cash equivalents balance at period-end increased to ¥3,336 million from ¥2,831 million in the prior period. This reflects a structure in which fund generation from asset sales temporarily boosted the financial position, and the maturity and reinvestment trends of time deposits from next fiscal year onward warrant attention.

Net sales grew for five consecutive periods, from ¥11,062 million in FY2022 to ¥12,763 million in FY2026 (ending March 2026). The FY2026 growth rate of +3.4% is the highest level in the past five periods. The operating margin, which bottomed at 1.4% in FY2023, has recovered to 4.5% in FY2026, reflecting the effects of price revisions and results of the operational transformation. On the other hand, external factors such as order trends in the Construction Business, elevated raw material prices, and the risk of leveling in public works orders will affect the sustainability of the core profit margin. The achievement status of the final year of the 14th three-year plan and the content of the next plan will be key evaluation criteria going forward.

Growth Strategy

In the final year of the 14th Medium-Term 3-Year Plan, the company has set 'transformation' as its theme, driving profit generation through sales reform and price revisions

Continuing to implement price revisions to pass on raw material price increases to product prices. This is contributing to the improvement in operating margin to 4.5% (up from 2.8% in the previous period) for FY2026 (ending March 2026), with progress being made in optimizing the cost structure.

Established the Sales Transformation Promotion Office to promote operational process efficiency and improve sales productivity. This is contributing to the improvement in profit margin for FY2026 (ending March 2026), and organizational sales reform is beginning to take hold.

Promoting the rollout of the Map Management System to prefectural police departments, starting from its adoption by the National Police Agency. This is being cultivated as a new revenue source for the Coatings Sales Business, and the accumulation of track record with public institutions will strengthen competitive advantage.

Promoting the expansion of sales of environmentally friendly and functional products, centered on water-based coatings, highly durable products, and heat-shielding related products. Capturing external environmental changes such as demand related to heatstroke prevention measures and stricter environmental regulations, aiming to improve profit margins through improved product mix.

Last updated: July 19, 2026