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Japanese specialty chemicals maker producing plastics additives, food emulsifiers/oils and electronic materials.
Japanese specialty chemicals maker producing plastics additives, food emulsifiers/oils and electronic materials.
Sells chemicals formulated for particular uses, such as stabilisers that stop plastics degrading, emulsifiers and margarine ingredients for food makers, and materials used in chipmaking, so each division follows a different demand cycle.
In one line: A diversified specialty-chemicals maker like a smaller Ashland/Croda.
Moat: narrow (IP / patents, process know-how). Specialty chemical formulation patents and process know-how across diverse end markets.
Headquarters: Tokyo, Japan · Founded: 1917 · Employees: 5,434
Size ADEKA (4401.T) is a Japan Industrials company (Industrial Conglomerates) with a market value of $2.53B, the 410th largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,055 on 6 Nov 2026.
Performance Over six months the shares gained 3.2%, against +10.8% for the median peer and +1.8% for the Japan market (cap-weighted) — 4th lowest of 8 in its peer set.
Growth Revenue grew 5.2% over the last twelve months (peer median +5.8%); the operating margin is 10.7% (peer median 14.6%).
Valuation It trades at 11.8× forward earnings against a peer median of 10.2× (3rd most expensive of 8).
Price implies For today's price to make sense, revenue must grow about 4% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -1 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.2 points below its cost of capital (9.7% WACC).
Next results Next results expected around 11 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥432B | ¥417B | ¥407B | ¥400B | ¥403B |
| Revenue growth | — | +2% | +2% | -1% | — |
| Gross profit | ¥125B | ¥126B | ¥122B | ¥111B | ¥105B |
| EBITDA | ¥65.5B | ¥60.5B | ¥58.6B | ¥52.5B | ¥48.4B |
| Net income | ¥31.3B | ¥27.9B | ¥25.0B | ¥23.0B | ¥16.8B |
| Free cash flow | n/a | ¥20.5B | ¥32.2B | ¥22.5B | ¥2.77B |
| Capital expenditure | n/a | ¥22.4B | ¥16.2B | ¥21.8B | ¥17.9B |
| Total debt | ¥48.4B | ¥62.7B | ¥64.0B | ¥76.0B | ¥56.9B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| ADEKA 4401.T | $2.53B | +3% | +5% | 11% | 11.8× | 3.6% |
| Croda International CRDA.L | $6.88B | +31% | +3% | 16% | 23.3× | 19.9% |
| Ashland ASH | $3.51B | +39% | +2% | 7% | 18.0× | 12.3% |
| Kao 4452.T | $21.8B | +33% | +6% | 10% | 24.4× | 1.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 4401.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -15.6% | -0.5% | 2nd lowest of 8 |
| 6-month return | +3.2% | +10.8% | 4th lowest of 8 |
| Distance from 52-week high | -20.6% | -23.4% | 4th highest of 8 |
| Revenue growth (TTM) | +5.2% | +5.8% | 4th lowest of 8 |
| Operating margin | 10.7% | 14.6% | 4th lowest of 8 |
| Forward P/E | 11.8× | 10.2× | 3rd most expensive of 8 |
| Growth the price implies (Req g, 7 yrs) | 3.6% | -10.3% | 3rd most demanding of 8 |
| Growth delivered (Del g) | +5.0% | +14.3% | lowest of 8 |
| Hurdle (Req g minus delivered) | -1.4 pp | -25.1 pp | 3rd most demanding of 8 |
| ROIC minus cost of capital | -1.2 pp | +7.9 pp | 2nd lowest of 8 |
| EV / EBITDA | 6.1× | 7.1× | 3rd cheapest of 7 |
| Net debt / EBITDA | -0.9× | -0.5× | 3rd least indebted of 7 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| ADEKA 4401.T | Japan | $2.53B | +3% | +5% | 11% | 11.8× | 3.6% | +5.0% |
| Sankyo 6417.T | Japan | $2.68B | +16% | -23% | 31% | 10.2× | -18.7% | +25.3% |
| Societe BIC BB.PA | France | $2.92B | +11% | -4% | 15% | 13.4× | -11.9% | +5.1% |
| 3M India 3MINDIA.NS | India | $3.29B | -16% | +16% | 17% | 39.8× | 28.0% | +14.3% |
| Cirsa Enterprises, S.A.U CIRSA.MC | Spain | $3.69B | +54% | +6% | 23% | 11.8× | -7.5% | +25.2% |
| DCM Shriram DCMSHRIRAM.NS | India | $1.47B | -29% | +14% | 7% | 9.2× | 16.6% | +10.7% |
| Posco International 047050.KS | South Korea | $6.03B | -45% | +7% | 4% | 8.1× | -16.6% | +8.6% |
| Tsuburaya Fields 2767.T | Japan | $963M | +72% | -5% | 10% | 10.1× | -10.3% | +35.0% |