# CHEMIPRO KASEI KAISHA,LTD: business model and financials

> Latest period: FY ending Mar 2026, non-consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第45期(2025/04/01－2026/03/31) (S100YIYR)
> Page: https://vizora.meequs.com/en/company/chemipro-kasei-kaisha
> Retrieved: 2026-09-30T17:59:46.912Z

## Company

Chemipro Kasei Kaisha, founded in 1992, is a company in Chemicals listed on TSE Standard. It has 222 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | CHEMIPRO KASEI KAISHA, LTD. |
| Ticker | 4960 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/4960.T) |
| Listing | TSE Standard |
| Head office | 神戸市中央区京町83番地 |
| Representative (per filing) | 代表取締役社長 兼俊 寿志 |
| Founded | Apr 1992 |
| Share capital | ¥2.16B |
| Employees (consolidated) | 222 |
| Average salary (parent only) | ¥5.5M |
| Fiscal year end | March |
| Website | www.chemipro.co.jp (https://www.chemipro.co.jp/) |
| Corporate number | 6140001007611 |
| EDINET | E00868 |
| Industries (Vizora) | Chemicals |

> Profile source: annual securities report (S100YIYR, filed 2026-06-25). As of filing

## Five-axis industry profile

Primary industry: Chemicals (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 4.7 | 96 |
| Profitability | 18.5 | 100 |
| Cash conversion | 1.6 | 96 |
| Efficiency | 47.5 | 100 |

Each axis is shown independently. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

## Key points (generated from figures)

- About 90% of Chemipro Kasei Kaisha's sales come from Chemicals business, with Household Products business making up much of the rest.
- Out of every ¥100 of sales, about ¥4 is left as operating profit.
- Revenue changed -7.9% from the prior year, operating profit -15.1%.

## Company structure

- Segment revenue mix: Chemicals business 89.6%、Household Products business 10.4%
- Revenue → net income: ¥8946058000 → ¥294538000
- Net income → operating cash flow: ¥294538000 → ¥40297000（difference ¥-254241000）
- Main uses of operating cash flow: CapEx ¥422618000 / dividends ¥58148000 / buybacks ¥36000
- Change in cash: ¥-474419000
Segment shares use total reported segment revenue, which may include inter-segment sales. The cash bridge is operating cash flow minus net income and combines non-cash items and working-capital effects.

## Key figures at a glance

| Metric | Value | Note |
| --- | ---: | ---: |
| Revenue | ¥8.95B |  |
| Operating income | ¥341.4M | Margin 3.8% |
| Net income | ¥294.5M | Margin 3.3% |
| Free cash flow | -¥382.3M |  |
| Largest business | Chemicals business | of segment revenue 89.6% |
| Employees (consolidated) | 222 |  |
| EPS | ¥18.3 |  |
| Book value per share | ¥310.29 |  |
| Equity ratio | 39.0% |  |
| Shares outstanding | 16,623,613 |  |
| Treasury shares | 100 |  |
| Shareholders | 5,442 |  |
| Average salary (parent only) | ¥5.5M | Filing company only |
| Cash ratio | 12.9% | Cash ÷ revenue 18.5% |
| Vs. industry median margin | -3.7 pp | Chemicals |
| ROE | 6.2% | Derived from disclosed figures |
| ROA | 2.3% | Derived from disclosed figures |

## Notable figures

- FY2026, one segment accounts for 93% of positive segment profit

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥9553323000 | ¥8946058000 | -6.4% |
| Operating income | ¥349138000 | ¥341371000 | -2.2% |
| Operating margin | 3.7% | 3.8% | +0.2 pp |
| Employees | 238 people | 222 people | -6.7% |
| Cash and equivalents | ¥2134695000 | ¥1657689000 | -22.3% |

### Change in segment revenue mix

Span: FY ending Mar 2021 → FY ending Mar 2026. Stable segment keys are connected; unmatched shares are marked as new or reorganized. Shares use total segment revenue.

| Flow | Revenue share |
| --- | ---: |
| 化学品事業 → 化学品事業 | 89.3% |
| ホーム産業事業 → ホーム産業事業 | 10.4% |
| ホーム産業事業 → 事業再編・廃止 | 0.3% |
| 新設・再編 → 化学品事業 | 0.3% |

Segment revenue source references: 4 (derived)

## Income statement（FY ending Mar 2026, non-consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 8,946 | 100.0% | S100YIYR |
| Cost of revenue | 7,496 | 83.8% | S100YIYR |
| Gross profit | 1,450 | 16.2% | S100YIYR |
| SG&A | 1,109 | 12.4% | S100YIYR |
| Operating income | 341 | 3.8% | S100YIYR |
| Ordinary income | 128 | 1.4% | S100YIYR |
| Pretax income | 401 | 4.5% | S100YIYR |
| Income tax | 107 | 1.2% | S100YIYR |
| Net income | 295 | 3.3% | S100YIYR |

## Per ¥100 of revenue（FY ending Mar 2026）

| Part | JPY |
| --- | ---: |
| Cost of revenue | 84 |
| SG&A | 12 |
| Operating income | 4 |
| (Ref.) Net income | 3 |

### Margin funnel

Gross margin 16.2% → Operating margin 3.8% → Net margin 3.3%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit down
Revenue growth: -7.9%; Core profit growth: -15.1%
Operating leverage (core profit growth ÷ revenue growth): 1.92×
Calculated from comparable annual consolidated filings.

## Year over year（FY ending Mar 2025 → FY ending Mar 2026、JPY mn）

| Metric | Prior | Current | Change | % change |
| --- | ---: | ---: | ---: | ---: |
| Revenue | 9,711 | 8,946 | -765 | -7.9% |
| Gross profit | 1,463 | 1,450 | -13 | -0.9% |
| Operating income | 402 | 341 | -61 | -15.1% |
| Operating cash flow | 1,261 | 40 | -1,221 | -96.8% |
| Free cash flow | 978 | -382 | -1,361 | -139.1% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 10,596 | 387 | 3.7% | 91 | 1,271 | 1,100 | S100LMCN |
| FY ending Mar 2021 | 9,553 | 349 | 3.7% | 180 | 588 | 268 | S100ODLI |
| FY ending Mar 2022 | 9,744 | 553 | 5.7% | 179 | 1,105 | 857 | S100R5YM |
| FY ending Mar 2023 | 9,761 | 358 | 3.7% | 71 | -695 | -924 | S100TMQQ |
| FY ending Mar 2024 | 9,236 | 482 | 5.2% | 126 | 1,178 | 901 | S100VZNV |
| FY ending Mar 2025 | 9,711 | 402 | 4.1% | 128 | 1,261 | 978 | S100YIYR |
| FY ending Mar 2026 | 8,946 | 341 | 3.8% | 295 | 40 | -382 | S100YIYR |

## People and productivity（FY ending Mar 2026, non-consolidated, J-GAAP）

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥40.3M |
| Operating income per employee (consolidated) | ¥1.5M |
| Net income per employee (consolidated) | ¥1.3M |

Employees, revenue and profit are consolidated. Average annual salary is a separate parent-company figure. Calculated from disclosed figures (DERIVED).

| History | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Employees (consolidated) | 237 | 230 | 225 | 216 | 222 |
| Average salary (parent company) | ¥5.2M | ¥5.1M | ¥5.2M | ¥5.3M | ¥5.5M |
| Average age (parent company) | 41.3 years | 42.3 years | 43.0 years | 43.6 years | 44.2 years |
| Average tenure (parent company) | 14.0 years | 14.5 years | 15.0 years | 15.5 years | 15.8 years |

Year over year: Employees (consolidated) +2.8% · Revenue (consolidated) -7.9%

## Segments（FY ending Mar 2026, non-consolidated, J-GAAP、JPY mn）

| Segment | Revenue | Share | Op. income | Op. margin |
| --- | ---: | ---: | ---: | ---: |
| Chemicals business | 8,019 | 89.6% | 781 | 9.7% |
| Household Products business | 927 | 10.4% | 56 | 6.1% |

### segmentMix — Revenue and profit mix

Calculated from disclosed figures (DERIVED). Shares use total segment revenue and total positive segment profit respectively. Difference = profit share − revenue share (pt). Inter-segment sales may prevent reconciliation to company revenue.

| Segment | Revenue share | Profit share | Difference (pt) | Margin |
| --- | ---: | ---: | ---: | ---: |
| Chemicals business | 89.6% | 93.3% | 3.6 | 9.7% |
| Household Products business | 10.4% | 6.7% | -3.6 | 6.1% |

Segment → industry: Household Products business → Chemicals / Chemicals business → Chemicals

## Revenue by geography

No geographic revenue breakdown was disclosed.

## Cash flow（FY ending Mar 2026, non-consolidated, J-GAAP）

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 40 | 0.5% | S100YIYR |
| Capital expenditure | 423 | 4.7% | S100YIYR |
| Free cash flow | -382 | -4.3% | 算出 |
| Investing cash flow | -71 | -0.8% | S100YIYR |
| Financing cash flow | -444 | -5.0% | S100YIYR |
| Dividends paid | 58 | 0.6% | S100YIYR |
| Share buyback | 0 | 0.0% | S100YIYR |
| Change in cash | -474 | -5.3% | S100YIYR |
| Cash and equivalents | 1,658 | 18.5% | S100YIYR |

## Balance sheet

Figures are as of each fiscal year end. Derived values are marked as such in the source column. Lease liabilities are excluded from interest-bearing debt.

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| Cash and equivalents | 1,909 | 953 | 1,874 | 2,132 | 1,658 | S100TMQQ, S100VZNV, S100YIYR |
| Total assets | 13,453 | 13,784 | 13,714 | 13,298 | 12,818 | S100R5YM, S100TMQQ, S100VZNV, S100YIYR |
| Net assets | 4,575 | 4,596 | 4,680 | 4,777 | 5,000 | S100TMQQ, S100VZNV, S100YIYR |
| Share capital | 2,155 | 2,155 | 2,155 | 2,155 | 2,155 | S100R5YM, S100TMQQ, S100VZNV, S100YIYR |
| Property, plant and equipment | 5,196 | 5,021 | 4,933 | 4,709 | 4,638 | S100R5YM, S100TMQQ, S100VZNV, S100YIYR |
| Intangible assets excluding goodwill | 10 | 10 | 9 | 100 | 181 | S100R5YM, S100TMQQ, S100VZNV, S100YIYR |
| Investment securities | 143 | 165 | 254 | 255 | 211 | S100R5YM, S100TMQQ, S100VZNV, S100YIYR |
| Current assets | 7,922 | 8,419 | 8,377 | 8,048 | 7,631 | S100R5YM, S100TMQQ, S100VZNV, S100YIYR |
| Current liabilities | 6,374 | 6,454 | 6,198 | 6,007 | 5,296 | S100R5YM, S100TMQQ, S100VZNV, S100YIYR |
| Short-term borrowings | 2,850 | 2,850 | 2,850 | 2,550 | 2,250 | S100R5YM, S100TMQQ, S100VZNV, S100YIYR |
| Long-term borrowings | 1,513 | 1,688 | 1,828 | 1,683 | 1,668 | S100R5YM, S100TMQQ, S100VZNV, S100YIYR |
| Total liabilities | 8,878 | 9,188 | 9,034 | 8,521 | 7,818 | S100R5YM, S100TMQQ, S100VZNV, S100YIYR |
| Equity attributable to owners of parent | 4,507 | 4,512 | 4,529 | 4,625 | 4,874 | S100R5YM, S100TMQQ, S100VZNV, S100YIYR |
| Retained earnings | 1,420 | 1,425 | 1,518 | 1,596 | 1,832 | S100R5YM, S100TMQQ, S100VZNV, S100YIYR |
| Treasury stock | -121 | -121 | -205 | -187 | -174 | S100R5YM, S100TMQQ, S100VZNV, S100YIYR |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 13% | S100YIYR |
| Property, plant and equipment | 36% | S100YIYR |
| Intangibles and goodwill | 1% | S100YIYR |
| Investment securities | 2% | S100YIYR |
| Other assets | 48% | S100YIYR |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Other liabilities | 61% | S100YIYR |
| Equity | 39% | S100YIYR |
| Other liabilities | 0% | S100YIYR |

### Balance sheet history

| Metric | FY ending Mar 2022 | FY ending Mar 2023 | FY ending Mar 2024 | FY ending Mar 2025 | FY ending Mar 2026 |
| --- | ---: | ---: | ---: | ---: | ---: |
| Total assets | 13,453 | 13,784 | 13,714 | 13,298 | 12,818 |
| Equity | 4,575 | 4,596 | 4,680 | 4,777 | 5,000 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 1,909 | 953 | 1,874 | 2,132 | 1,658 |

## Asset intensity and goodwill

Ratios are derived from reported values. Goodwill is used only when separately reported, never inferred from combined intangible assets.

| Metric | Value | Sources |
| --- | ---: | ---: |
| Asset intensity (fixed assets ÷ revenue) | 51.8% | S100YIYR |
| Fixed assets ÷ total assets | 36.2% | S100YIYR |
| Goodwill ÷ parent equity | — | —, S100YIYR |

### Cash quality

Net cash = cash − interest-bearing debt. Net debt ratio = (interest-bearing debt − cash) ÷ positive operating cash flow. Omit when debt components are incomplete; other ratios are derived from reported figures.

| Metric | Value |
| --- | ---: |
| Cash ratio (cash ÷ total assets) | 12.9% |
| Cash ÷ revenue | 18.5% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 11.8% |
| Cash vs. profit gap | -254 JPY mn (of net income -86.3%) |
| Shareholder returns / net income | 19.8% |
| Shareholder returns / FCF | — |
| Shareholder payments — dividends / net income | 19.7% |
| Shareholder payments — dividends / FCF | — |
| CapEx intensity (capex ÷ revenue) | 4.7% |
| Investing CF relative to operating CF | 175.8% |

## ROA and ROE

ROE is decomposed into net margin × asset turnover × financial leverage. Leverage can raise ROE, so the ratio alone does not assess a company's condition. Ending balances are used without a prior year; total equity approximates parent equity when unavailable.

| Period | Net margin | Asset turnover | ROA | Financial leverage | ROE | Sources |
| --- | ---: | ---: | ---: | ---: | ---: | ---: |
| 2022 | 1.8% | 0.72× | 1.3% | 2.98× | 4.0% | S100R5YM |
| 2023 | 0.7% | 0.72× | 0.5% | 3.02× | 1.6% | S100TMQQ |
| 2024 | 1.4% | 0.67× | 0.9% | 3.04× | 2.8% | S100VZNV |
| 2025 | 1.3% | 0.72× | 0.9% | 2.95× | 2.8% | S100YIYR |
| 2026 | 3.3% | 0.69× | 2.3% | 2.75× | 6.2% | S100YIYR |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 株式会社ケアシステムズ | Major shareholder | 20.9% | 2026-03-31 |
| 公益財団法人 福岡直彦記念財団 | Major shareholder | 16.8% | 2026-03-31 |
| 福岡 靖介 | Major shareholder | 8.0% | 2026-03-31 |
| ＢＡＳＦジャパン株式会社 | Major shareholder | 7.6% | 2026-03-31 |
| ケミプロ化成取引先持株会 | Major shareholder | 5.6% | 2026-03-31 |
| 株式会社みなと銀行 | Major shareholder | 3.6% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託Ｅ口） | Major shareholder | 3.1% | 2026-03-31 |
| 大阪中小企業投資育成株式会社 | Major shareholder | 1.2% | 2026-03-31 |
| 兼俊 寿志 | Major shareholder | 1.1% | 2026-03-31 |
| 伊藤 象二郎 | Major shareholder | 1.0% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第45期(2025/04/01－2026/03/31) | S100YIYR | 2026-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100YIYR,, |
| 有価証券報告書－第44期(2024/04/01－2025/03/31) | S100VZNV | 2025-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100VZNV,, |
| 有価証券報告書－第43期(2023/04/01－2024/03/31) | S100TMQQ | 2024-06-19 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TMQQ,, |
| 有価証券報告書－第42期(2022/04/01－2023/03/31) | S100R5YM | 2023-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R5YM,, |
| 有価証券報告書－第41期(令和3年4月1日－令和4年3月31日) | S100ODLI | 2022-06-28 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100ODLI,, |
| 有価証券報告書－第40期(令和2年4月1日－令和3年3月31日) | S100LMCN | 2021-06-25 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LMCN,, |

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).