# DAIICHI KIGENSO KAGAKU KOGYO CO.,LTD.: business model and financials

> Latest period: FY ending Mar 2026, consolidated, J-GAAP
> Unit: JPY millions
> Sources: 有価証券報告書－第70期(2025/04/01－2026/03/31) (S100Y9OW)
> Page: https://vizora.meequs.com/en/company/dkkk
> Retrieved: 2026-09-30T18:59:03.691Z

## Company

Daiichi Kigenso Kagaku Kogyo, founded in 1956, is a company in Chemicals listed on TSE Prime. It has 709 employees (consolidated).

| Field | Value |
| --- | ---: |
| Legal name | DAIICHI KIGENSO KAGAKU KOGYO CO.,LTD. |
| Ticker | 4082 |
| Stock price | View on Yahoo Finance (https://finance.yahoo.co.jp/quote/4082.T) |
| Listing | TSE Prime |
| Head office | 大阪市中央区北浜4丁目4番9号 |
| Representative (per filing) | 代表取締役社長執行役員 國部 洋 |
| Founded | May 1956 |
| Share capital | ¥787M |
| Employees (consolidated) | 709 |
| Average salary (parent only) | ¥7.3M |
| Fiscal year end | March |
| Website | www.dkkk.co.jp (https://www.dkkk.co.jp/) |
| Corporate number | 8120001031181 |
| EDINET | E00806 |
| Industries (Vizora) | Chemicals |

> Profile source: annual securities report (S100Y9OW, filed 2026-06-15). As of filing

## Five-axis industry profile

Primary industry: Chemicals (2026-03-31)

| Axis | Industry percentile | Peers |
| --- | ---: | ---: |
| Revenue growth | 84.9 | 96 |
| Profitability | 72.5 | 100 |
| Cash conversion | 48.4 | 96 |
| Efficiency | 16.5 | 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)

- Daiichi Kigenso Kagaku Kogyo brought in ¥35.8B in revenue.
- Out of every ¥100 of sales, about ¥10 is left as operating profit.
- Revenue changed +6.3% from the prior year, operating profit +52.5%.

## Company structure

- Segment revenue mix: Segment revenue breakdown is not disclosed
- Revenue → net income: ¥35751000000 → ¥2524000000
- Net income → operating cash flow: ¥2524000000 → ¥5157000000（difference ¥2633000000）
- Main uses of operating cash flow: CapEx ¥1824000000 / dividends ¥678000000 / buybacks ¥319000000
- Change in cash: ¥2218000000
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 | ¥35.8B |  |
| Operating income | ¥3.48B | Margin 9.7% |
| Net income | ¥2.51B | Margin 7.0% |
| Free cash flow | ¥3.33B |  |
| Employees (consolidated) | 709 |  |
| EPS | ¥104.21 |  |
| Book value per share | ¥1714.63 |  |
| Equity ratio | 57.5% |  |
| Shares outstanding | 24,400,000 |  |
| Treasury shares | 251,600 |  |
| Shareholders | 32,377 |  |
| Average salary (parent only) | ¥7.3M | Filing company only |
| Cash ratio | 16.7% | Cash ÷ revenue 31.2% |
| Vs. industry median margin | +2.2 pp | Chemicals |
| ROE | 7.0% | Derived from disclosed figures |
| ROA | 3.8% | Derived from disclosed figures |

## Notable figures

- FY2026, operating cash flow is 2.1× net income

## What changed in 5 years

| Metric | FY ending Mar 2021 | FY ending Mar 2026 | Change |
| --- | ---: | ---: | ---: |
| Revenue | ¥23465922000 | ¥35751000000 | +52.4% |
| Operating income | ¥2015782000 | ¥3479000000 | +72.6% |
| Operating margin | 8.6% | 9.7% | +1.1 pp |
| Employees | 502 people | 709 people | +41.2% |
| Cash and equivalents | ¥10561167000 | ¥11139000000 | +5.5% |

### 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.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Revenue | 35,751 | 100.0% | S100Y9OW |
| Cost of revenue | 25,418 | 71.1% | S100Y9OW |
| Gross profit | 10,333 | 28.9% | S100Y9OW |
| SG&A | 6,853 | 19.2% | S100Y9OW |
| Operating income | 3,479 | 9.7% | S100Y9OW |
| Ordinary income | 3,255 | 9.1% | S100Y9OW |
| Pretax income | 3,437 | 9.6% | S100Y9OW |
| Income tax | 912 | 2.6% | S100Y9OW |
| Net income | 2,524 | 7.1% | S100Y9OW |
| Net income attributable to owners | 2,514 | 7.0% | S100Y9OW |

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

| Part | JPY |
| --- | ---: |
| Cost of revenue | 71 |
| SG&A | 19 |
| Operating income | 10 |
| (Ref.) Net income | 7 |

### Margin funnel

Gross margin 28.9% → Operating margin 9.7% → Net margin 7.0%
Derived from reported figures (DERIVED).

## Revenue and profit pattern

Pattern: Revenue and profit up
Revenue growth: +6.3%; Core profit growth: +52.5%
Growth quality: margin-expansion
Operating leverage (core profit growth ÷ revenue growth): 8.36×
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 | 33,641 | 35,751 | 2,110 | +6.3% |
| Gross profit | 8,352 | 10,333 | 1,981 | +23.7% |
| Operating income | 2,282 | 3,479 | 1,197 | +52.5% |
| Net income attributable to owners | 792 | 2,514 | 1,722 | +217.4% |
| Operating cash flow | 3,498 | 5,157 | 1,659 | +47.4% |
| Free cash flow | 1,873 | 3,333 | 1,460 | +77.9% |

## History（JPY mn）

| Period | Revenue | Op. income | Op. margin | Net income | Op. CF | FCF | Source |
| --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| FY ending Mar 2020 | 26,519 | 3,111 | 11.7% | 2,348 | 4,288 | -4,313 | S100LM6R |
| FY ending Mar 2021 | 23,466 | 2,016 | 8.6% | 1,235 | 5,659 | -1,357 | S100OE1D |
| FY ending Mar 2022 | 29,366 | 3,769 | 12.8% | 1,850 | 3,232 | -562 | S100R1RD |
| FY ending Mar 2023 | 35,748 | 5,391 | 15.1% | 4,020 | 3,893 | -526 | S100TO5A |
| FY ending Mar 2024 | 35,220 | 2,422 | 6.9% | 1,140 | 5,310 | 927 | S100WCDG |
| FY ending Mar 2025 | 33,641 | 2,282 | 6.8% | 792 | 3,498 | 1,873 | S100Y9OW |
| FY ending Mar 2026 | 35,751 | 3,479 | 9.7% | 2,514 | 5,157 | 3,333 | S100Y9OW |

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

| Metric | Value |
| --- | ---: |
| Revenue per employee (consolidated) | ¥50.4M |
| Operating income per employee (consolidated) | ¥4.9M |
| Net income per employee (consolidated) | ¥3.5M |

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) | 533 | 569 | 642 | 698 | 709 |
| Average salary (parent company) | ¥7M | — | ¥7.1M | ¥6.8M | ¥7.3M |
| Average age (parent company) | 38.4 years | 38.7 years | 38.8 years | 39.1 years | 39.3 years |
| Average tenure (parent company) | 14.0 years | 14.2 years | 14.2 years | 14.1 years | 14.2 years |

Year over year: Employees (consolidated) +1.6% · Revenue (consolidated) +6.3%

## Revenue by geography

No geographic revenue breakdown was disclosed.

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

| Item | Amount (JPY mn) | % of revenue | Source |
| --- | ---: | ---: | ---: |
| Operating cash flow | 5,157 | 14.4% | S100Y9OW |
| Capital expenditure | 1,824 | 5.1% | S100Y9OW |
| Free cash flow | 3,333 | 9.3% | 算出 |
| Investing cash flow | -1,482 | -4.1% | S100Y9OW |
| Financing cash flow | -986 | -2.8% | S100Y9OW |
| Dividends paid | 678 | 1.9% | S100Y9OW |
| Share buyback | 319 | 0.9% | S100Y9OW |
| Change in cash | 2,218 | 6.2% | S100Y9OW |
| Cash and equivalents | 11,139 | 31.2% | S100Y9OW |

## 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 | 8,333 | 10,047 | 8,289 | 8,920 | 11,139 | S100TO5A, S100WCDG, S100Y9OW |
| Total assets | 58,044 | 66,004 | 65,605 | 64,754 | 66,898 | S100R1RD, S100TO5A, S100WCDG, S100Y9OW |
| Net assets | 31,816 | 36,151 | 36,316 | 38,483 | 39,021 | S100TO5A, S100WCDG, S100Y9OW |
| Share capital | 787 | 787 | 787 | 787 | 787 | S100R1RD, S100TO5A, S100WCDG, S100Y9OW |
| Trade receivables | 6,025 | 6,623 | 6,814 | 6,233 | 6,633 | S100R1RD, S100TO5A, S100WCDG, S100Y9OW |
| Property, plant and equipment | 24,573 | 27,311 | 27,726 | 26,837 | 24,806 | S100R1RD, S100TO5A, S100WCDG, S100Y9OW |
| Intangible assets excluding goodwill | 1,385 | 1,280 | 1,490 | 1,746 | 876 | S100R1RD, S100TO5A, S100WCDG, S100Y9OW |
| Investment securities | 738 | 781 | 1,062 | 873 | 837 | S100R1RD, S100TO5A, S100WCDG, S100Y9OW |
| Current assets | 28,503 | 33,987 | 32,523 | 31,932 | 36,195 | S100R1RD, S100TO5A, S100WCDG, S100Y9OW |
| Current liabilities | 10,120 | 10,036 | 9,915 | 8,708 | 12,080 | S100R1RD, S100TO5A, S100WCDG, S100Y9OW |
| Trade payables | 873 | 977 | 1,474 | 1,179 | 1,950 | S100R1RD, S100TO5A, S100WCDG, S100Y9OW |
| Short-term borrowings | 2,900 | 2,400 | 800 | 300 | 2,200 | S100R1RD, S100TO5A, S100WCDG, S100Y9OW |
| Long-term borrowings | 15,743 | 19,240 | 18,130 | 15,910 | 14,063 | S100R1RD, S100TO5A, S100WCDG, S100Y9OW |
| Total liabilities | 26,227 | 29,853 | 29,288 | 26,271 | 27,876 | S100R1RD, S100TO5A, S100WCDG, S100Y9OW |
| Non-controlling interests | 621 | 629 | 591 | 564 | 574 | S100R1RD, S100TO5A, S100WCDG, S100Y9OW |
| Equity attributable to owners of parent | 31,004 | 34,374 | 34,864 | 34,930 | 36,534 | S100R1RD, S100TO5A, S100WCDG, S100Y9OW |
| Retained earnings | 29,102 | 32,442 | 32,901 | 33,062 | 34,894 | S100R1RD, S100TO5A, S100WCDG, S100Y9OW |
| Treasury stock | -40 | -30 | -18 | -124 | -349 | S100R1RD, S100TO5A, S100WCDG, S100Y9OW |

### Assets and funding mix

| Assets | Share | Source |
| --- | ---: | ---: |
| Cash | 17% | S100Y9OW |
| Receivables | 10% | S100Y9OW |
| Property, plant and equipment | 37% | S100Y9OW |
| Intangibles and goodwill | 1% | S100Y9OW |
| Investment securities | 1% | S100Y9OW |
| Other assets | 34% | S100Y9OW |

| Funding source | Share | Source |
| --- | ---: | ---: |
| Trade payables | 3% | S100Y9OW |
| Other liabilities | 39% | S100Y9OW |
| Equity | 58% | S100Y9OW |
| Other liabilities | 0% | S100Y9OW |

### 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 | 58,044 | 66,004 | 65,605 | 64,754 | 66,898 |
| Equity | 31,816 | 36,151 | 36,316 | 38,483 | 39,021 |
| Interest-bearing debt | — | — | — | — | — |
| Cash | 8,333 | 10,047 | 8,289 | 8,920 | 11,139 |

## 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) | 69.4% | S100Y9OW |
| Fixed assets ÷ total assets | 37.1% | S100Y9OW |
| Goodwill ÷ parent equity | — | —, S100Y9OW |

### 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) | 16.7% |
| Cash ÷ revenue | 31.2% |
| Net cash (cash − interest-bearing debt) | — |
| Net debt ÷ operating cash flow | — |
| Cash conversion (operating CF ÷ operating income) | 148.2% |
| Cash vs. profit gap | 2,643 JPY mn (of net income 105.1%) |
| Shareholder returns / net income | 39.7% |
| Shareholder returns / FCF | 29.9% |
| Shareholder payments — dividends / net income | 27.0% |
| Shareholder payments — dividends / FCF | 20.3% |
| CapEx intensity (capex ÷ revenue) | 5.1% |
| Investing CF relative to operating CF | 28.7% |

## 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 | 6.3% | 0.51× | 3.2% | 1.87× | 6.0% | S100R1RD |
| 2023 | 11.2% | 0.58× | 6.5% | 1.90× | 12.3% | S100TO5A |
| 2024 | 3.2% | 0.54× | 1.7% | 1.90× | 3.3% | S100WCDG |
| 2025 | 2.4% | 0.52× | 1.2% | 1.87× | 2.3% | S100Y9OW |
| 2026 | 7.0% | 0.54× | 3.8% | 1.84× | 7.0% | S100Y9OW |

## Ownership

| Counterparty | Relation | Ratio | As of |
| --- | ---: | ---: | ---: |
| 日本マスタートラスト信託銀行株式会社（信託口） | Major shareholder | 6.5% | 2026-03-31 |
| 國部 克彦 | Major shareholder | 5.0% | 2026-03-31 |
| 第一稀元素化学工業従業員持株会 | Major shareholder | 3.9% | 2026-03-31 |
| 岩谷産業株式会社 | Major shareholder | 3.6% | 2026-03-31 |
| 井上 剛 | Major shareholder | 3.4% | 2026-03-31 |
| 井上 純子 | Major shareholder | 3.4% | 2026-03-31 |
| 國部 智之 | Major shareholder | 2.9% | 2026-03-31 |
| ＵＢＳ ＡＧ ＬＯＮＤＯＮ Ａ／Ｃ ＩＰＢ ＳＥＧＲＥＧＡＴＥＤ ＣＬＩＥＮＴ ＡＣＣＯＵＮＴ（常任代理人 シティバンク、エヌ・エイ東京支店） | Major shareholder | 2.3% | 2026-03-31 |
| 寺田 忠史 | Major shareholder | 1.6% | 2026-03-31 |
| 株式会社日本カストディ銀行（信託口） | Major shareholder | 1.4% | 2026-03-31 |

## Sources

| Document | ID | Published | URL |
| --- | ---: | ---: | ---: |
| 有価証券報告書－第70期(2025/04/01－2026/03/31) | S100Y9OW | 2026-06-15 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100Y9OW,, |
| 訂正有価証券報告書－第69期(2024/04/01－2025/03/31) | S100WCDG | 2025-07-11 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100WCDG,, |
| 有価証券報告書－第68期(2023/04/01－2024/03/31) | S100TO5A | 2024-06-20 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100TO5A,, |
| 有価証券報告書－第67期(2022/04/01－2023/03/31) | S100R1RD | 2023-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100R1RD,, |
| 有価証券報告書－第66期(令和3年4月1日－令和4年3月31日) | S100OE1D | 2022-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100OE1D,, |
| 有価証券報告書－第65期(令和2年4月1日－令和3年3月31日) | S100LM6R | 2021-06-23 | https://disclosure2.edinet-fsa.go.jp/WZEK0040.aspx?S100LM6R,, |

## 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).