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Japanese chemicals and plastics trading company distributing synthetic resins, chemicals and electronics materials across Asia.
Japanese chemicals and plastics trading company distributing synthetic resins, chemicals and electronics materials across Asia.
Earns trading margins by buying from chemical and plastics makers and reselling in smaller lots, handling the logistics, financing and technical advice customers want. Margins per sale are low, so volume and commodity prices drive results; plastics distribution is a core line, with electronics materials alongside.
In one line: A chemicals/plastics trading house, similar in role to Nagase & Co..
Moat: narrow (distribution, scale). Long-standing supplier partnerships and pan-Asian logistics networks in plastics/chemicals distribution.
Headquarters: Osaka, Japan · Founded: 1890 · Employees: 4,719
Size Inabata & (8098.T) is a Japan Industrials company (Wholesale Distributors) with a market value of $1.31B, the 621st largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥4,100 on 6 Nov 2026.
Performance Over six months the shares gained 6.1%, against -21.2% for the median peer and +1.8% for the Japan market (cap-weighted) — 4th highest of 20 in its peer set.
Growth Revenue grew 5.3% over the last twelve months (peer median +7.0%); the operating margin is 3.4% (peer median 9.7%).
Valuation It trades at 0.3× enterprise value to sales against a peer median of 1.4× (cheapest of 20).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is +8%, so the hurdle is -15 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.9 points above its cost of capital (5.0% WACC).
Next results Next results expected around 10 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥872B | ¥833B | ¥838B | ¥766B | ¥736B |
| Revenue growth | — | -1% | +9% | +4% | — |
| Gross profit | ¥88.6B | ¥83.8B | ¥78.9B | ¥69.3B | ¥62.9B |
| EBITDA | ¥34.0B | ¥30.4B | ¥30.2B | ¥24.8B | ¥23.8B |
| Net income | ¥21.0B | ¥20.6B | ¥19.8B | ¥20.0B | ¥19.5B |
| Free cash flow | n/a | ¥11.9B | ¥16.1B | ¥27.6B | ¥7.39B |
| Capital expenditure | n/a | ¥14.7B | ¥6.15B | ¥4.46B | ¥2.95B |
| Total debt | ¥100B | ¥91.9B | ¥75.5B | ¥64.7B | ¥66.8B |
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 | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Inabata & 8098.T | $1.31B | +6% | +5% | 3% | 0.3× | -7.8% |
| Nagase & 8012.T | $2.96B | -9% | +8% | 5% | 0.6× | 3.5% |
| Sumitomo 8053.T | $47.7B | +9% | +6% | 5% | 1.6× | 15.2% |
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 | 8098.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -6.7% | -4.2% | 9th lowest of 21 |
| 6-month return | +6.1% | -21.2% | 4th highest of 20 |
| Distance from 52-week high | -10.8% | -37.7% | 4th highest of 21 |
| Revenue growth (TTM) | +5.3% | +7.0% | 8th lowest of 20 |
| Operating margin | 3.4% | 9.7% | 5th lowest of 20 |
| EV / Sales | 0.3× | 1.4× | cheapest of 20 |
| Growth the price implies (Req g, 7 yrs) | -7.8% | 0.3% | 5th least demanding of 15 |
| Growth delivered (Del g) | +7.6% | +8.2% | 8th highest of 15 |
| Hurdle (Req g minus delivered) | -15.4 pp | -0.2 pp | 6th least demanding of 15 |
| ROIC minus cost of capital | +1.9 pp | -0.2 pp | 8th highest of 20 |
| Net debt / EBITDA | 0.9× | 0.7× | 7th least indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Inabata & 8098.T | Japan | $1.31B | +6% | +5% | 3% | 0.3× | -7.8% | +7.6% |
| Taikisha 1979.T | Japan | $1.32B | -5% | -1% | 8% | 0.5× | -13.3% | +7.2% |
| Shanghai Luoman Technologies 605289.SS | China | $1.35B | -45% | +170% | 13% | 3.6× | 36.2% | +25.7% |
| Gansu Guofang Industry & Trade (Group) 601086.SS | China | $1.27B | +42% | +17% | 7% | 9.3× | 33.6% | -4.8% |
| Hour Glass AGS.SI | Singapore | $1.38B | +10% | +18% | 15% | 1.3× | -8.7% | +12.5% |
| ADI Global Distribution ADIG | United States | $1.39B | n/a | +14% | 4% | 0.4× | n/a | n/a |
| Minmetals Development 600058.SS | China | $1.40B | -22% | -16% | 1% | 0.4× | 20.4% | -4.7% |
| Redox RDX.AX | Australia | $1.22B | +2% | +7% | 11% | 1.3× | -7.8% | +10.8% |
| Mitani 8066.T | Japan | $1.45B | +4% | +1% | 10% | 0.3× | -12.2% | -3.1% |
| Chengdu Haoneng Technology 603809.SS | China | $1.16B | -23% | +18% | 10% | 3.7× | n/a | n/a |
| Techstorm Advanced Material 601026.SS | China | $1.16B | -33% | +8% | 6% | 2.4× | n/a | n/a |
| ZheJiang Dong Ri 600113.SS | China | $1.48B | -46% | -1% | 16% | 13.1× | 38.5% | +7.6% |
| Imdex IMD.AX | Australia | $1.15B | -21% | +21% | 16% | 3.7× | 20.1% | +14.5% |
| Daiichikosho 7458.T | Japan | $1.13B | +6% | +4% | 11% | 1.2× | -6.0% | +11.8% |
| Electrolux Professional EPRO-B.ST | Sweden | $1.52B | +20% | -4% | 10% | 1.4× | 4.9% | +10.9% |
| Innovation Medical Management 002173.SZ | China | $1.12B | -29% | -13% | -18% | 10.2× | n/a | n/a |
| Brighton-Best International (Taiwan) 8415.TWO | Taiwan | $1.11B | +5% | +11% | 20% | 1.9× | -8.8% | +8.8% |
| Dongguan Aohai Technology 002993.SZ | China | $1.10B | -44% | +122% | 1% | 0.6× | n/a | n/a |
| Xinjiang Zhongtai Chemical 002092.SZ | China | $1.57B | -41% | +7% | 3% | 1.4× | -4.2% | -19.5% |
| BayWa BYW.DE | Germany | $1.07B | -58% | n/a | n/a | n/a | n/a | n/a |
| Hillman Solutions HLMN | United States | $1.62B | +6% | +6% | 6% | 1.6× | 17.9% | +2.6% |