59 companies · FY2026 results (earnings releases, consolidated)
JCU ranks first for operating margin in the Chemical industry at 41.0%. The top three are JCU (41.0%), Dexerials (33.5%) and MEC (27.4%).
Across the 59 companies the average is 11.1% and the median 9.3%. Kureha comes last at -11.5%, a gap of 52.5 percentage points to the leader.
20 of 59 companies are above the average.
One company posted an operating loss: Kureha.

















































Shares 1Y is a closing-price reference (vs. about a year earlier).
| Rank | Company | Operating margin | Average salary | Revenue | Operating profit |
|---|---|---|---|---|---|
| 1 | JCU4975 | 41.0% | ¥8.21M | ¥29.7B | ¥12.2B |
| 2 | Dexerials4980 | 33.5% | ¥7.59M | ¥113.8B | ¥38.1B |
| 3 | MEC4971 | 27.4% | ¥7.83M | ¥20.9B | ¥5.7B |
| 4 | Shin-Etsu4063 | 24.7% | ¥8.76M | ¥2.6T | ¥635.2B |
| 4 | Tri Chemical4369 | 24.7% | ¥8.38M | ¥23.9B | ¥5.9B |
| 6 | FUSO Chemical4368 | 24.5% | ¥7.58M | ¥76.9B | ¥18.9B |
| 7 | Taiyo Holdings4626 | 23.6% | ¥9.85M | ¥137.9B | ¥32.5B |
| 8 | Nissan Chemical4021 | 22.7% | ¥8.71M | ¥279.6B | ¥63.6B |
| 9 | NOF4403 | 18.4% | ¥8.44M | ¥258.0B | ¥47.4B |
| 10 | Nitto6988 | 18.3% | ¥8.34M | ¥1.0T | ¥185.7B |
| 11 | Osaka Soda4046 | 17.6% | ¥7.27M | ¥100.0B | ¥17.6B |
| 12 | Osaka Organic4187 | 17.1% | ¥8.58M | ¥36.3B | ¥6.2B |
| 13 | Nippon Sanso HD4091 | 14.6% | ¥10.3M | ¥1.4T | ¥197.9B |
| 14 | Nippon Paint4612 | 14.5% | ¥10.8M | ¥1.8T | ¥257.1B |
| 15 | Stella Chemifa4109 | 12.6% | ¥7.32M | ¥36.8B | ¥4.6B |
| 16 | CMP4617 | 12.5% | ¥7.64M | ¥139.4B | ¥17.4B |
| 17 | Ishihara4028 | 12.3% | ¥7.66M | ¥154.9B | ¥19.1B |
| 18 | Aica4206 | 11.6% | ¥8.17M | ¥251.8B | ¥29.1B |
| 18 | T. Hasegawa4958 | 11.6% | ¥7.60M | ¥73.5B | ¥8.5B |
| 20 | Sumitomo Bakelite4203 | 11.1% | ¥8.17M | ¥319.9B | ¥35.5B |
| 21 | Nihon Parkerizing4095 | 10.7% | ¥8.05M | ¥138.2B | ¥14.8B |
| 22 | Tokuyama4043 | 10.6% | ¥7.32M | ¥349.5B | ¥37.0B |
| 23 | Fujifilm4901 | 10.4% | ¥10.9M | ¥3.4T | ¥350.2B |
| 24 | ADEKA4401 | 10.0% | ¥7.82M | ¥416.6B | ¥41.6B |
| 25 | Nippon Soda4041 | 9.8% | ¥9.49M | ¥152.1B | ¥15.0B |
| 25 | KH Neochem4189 | 9.8% | ¥7.32M | ¥115.1B | ¥11.2B |
| 27 | Sumitomo Seika4008 | 9.7% | ¥6.85M | ¥148.4B | ¥14.5B |
| 28 | Asahi Yukizai4216 | 9.5% | ¥6.83M | ¥80.1B | ¥7.6B |
| 29 | Tosoh4042 | 9.4% | ¥7.96M | ¥1.0T | ¥95.5B |
| 30 | Nippon Kayaku4272 | 9.3% | ¥7.98M | ¥241.9B | ¥22.5B |
| 31 | Zeon4205 | 8.8% | ¥7.76M | ¥412.0B | ¥36.4B |
| 32 | Toagosei4045 | 8.7% | ¥7.40M | ¥162.3B | ¥14.2B |
| 33 | Kansai Paint4613 | 8.4% | ¥8.45M | ¥589.8B | ¥49.7B |
| 33 | Kanto Denka4047 | 8.4% | ¥7.38M | ¥65.4B | ¥5.5B |
| 35 | Sekisui Chemical4204 | 8.1% | ¥9.35M | ¥1.3T | ¥106.5B |
| 36 | Sakai Chemical4078 | 7.9% | ¥6.54M | ¥81.4B | ¥6.5B |
| 37 | Sanyo Chemical4471 | 7.8% | ¥8.22M | ¥127.9B | ¥10.0B |
| 38 | Asahi Kasei3407 | 7.5% | ¥8.00M | ¥3.1T | ¥231.2B |
| 39 | Kuraray3405 | 7.3% | ¥8.02M | ¥808.4B | ¥58.9B |
| 39 | Daicel4202 | 7.3% | ¥8.65M | ¥579.6B | ¥42.1B |
| 39 | Sekisui Jushi4212 | 7.3% | ¥6.48M | ¥78.2B | ¥5.7B |
| 42 | Air Water4088 | 7.0% | ¥8.16M | ¥1.1T | ¥75.2B |
| 43 | Central Glass4044 | 6.9% | ¥7.17M | ¥144.5B | ¥10.0B |
| 44 | Denka4061 | 6.8% | ¥7.55M | ¥384.2B | ¥26.2B |
| 45 | Toyobo3101 | 6.6% | ¥6.85M | ¥421.6B | ¥27.9B |
| 46 | Sumitomo Chemical4005 | 6.5% | ¥8.18M | ¥2.3T | ¥151.7B |
| 47 | MGC4182 | 6.1% | ¥9.08M | ¥738.2B | ¥45.3B |
| 48 | Sakata INX4633 | 5.9% | ¥8.26M | ¥257.7B | ¥15.2B |
| 48 | artience4634 | 5.9% | ¥8.12M | ¥350.0B | ¥20.8B |
| 50 | DIC4631 | 5.0% | ¥7.99M | ¥1.1T | ¥52.2B |
| 51 | Mitsui Chemicals4183 | 4.4% | ¥8.72M | ¥1.7T | ¥73.8B |
| 51 | Nippon Shokubai4114 | 4.4% | ¥8.59M | ¥399.9B | ¥17.5B |
| 53 | UBE4208 | 4.1% | ¥7.74M | ¥462.3B | ¥18.9B |
| 53 | Kaneka4118 | 4.1% | ¥8.24M | ¥811.6B | ¥32.9B |
| 55 | Toray3402 | 3.8% | ¥8.21M | ¥2.6T | ¥97.2B |
| 56 | Takasago4914 | 3.6% | ¥9.08M | ¥225.1B | ¥8.1B |
| 57 | Resonac4004 | 3.5% | ¥10.3M | ¥1.3T | ¥46.7B |
| 58 | Mitsubishi Chemical4188 | 0.8% | ¥10.6M | ¥3.7T | ¥30.1B |
| 59 | Kureha4023 | -11.5% | ¥7.42M | ¥161.7B | ¥-18.6B |
Revenue and operating profit are from the latest full-year consolidated results. Average salary is for the reporting entity per its annual securities report; pure holding companies with fewer than 50 staff are excluded.