Taiyo Holdings

Basic Information

Stock Code
4626
Industry
Chemicals
Category Detail
Chemicals & Chemical Products
Prefecture
Tokyo
Establishment Year
September 1953
Listing Year
September 1990
Official Website
https://www.taiyo-hd.co.jp/jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Nissan Chemical, Tokyo Ohka Kogyo, Sumitomo Bakelite, Nippon Kayaku, Tri-Chemical Laboratories, ADEKA, DIC, Dexerials, JX Metals, Makino Milling, Furuya Metal, ZACROS, Sumitomo Realty

Overview

Taiyo Holdings is a chemical manufacturer founded in 1953, boasting the world's top market share in the insulating ink field for wiring circuits and serving as a leading company in electrical functional materials.

Current Situation

Taiyo Holdings achieved consolidated sales of approximately 81 billion yen and operating profit of approximately 13.9 billion yen in the fiscal year ended March 2021, with a high overseas sales ratio. Its flagship product, resist ink for wiring boards, holds a high global market share. In recent years, it has entered the pharmaceutical business, pioneering new growth areas centered on Taiyo Pharma. Through a capital and business alliance with DIC, it is strengthening technological capabilities and expanding its business. Sustainability efforts are active, with development underway to reduce environmental impact. Moving forward, it aims to expand in semiconductors and electronic components, while positioning pharmaceuticals and green energy as key growth pillars, strategically advancing technological innovation and global deployment. Amid a fiercely competitive market, it leverages unique technological superiority to focus on business diversification and strengthening its earnings base toward 2030.

Trivia

Interesting Facts

  • Holds the top world market share in resist inks for wiring boards.
  • Originally started as a printing ink manufacturer.
  • Strengthening collaboration through capital and business alliance with DIC.
  • Expanding into pharmaceuticals and promoting business diversification.
  • Has multiple production and sales bases domestically and internationally.
  • Actively promoting sustainability management.
  • Offers a wide range of chemical products through multiple subsidiaries.
  • Strong in insulating ink technology for smartphones.
  • Holds numerous patents for environmentally friendly products.
  • Has supply track record to major electronic device manufacturers worldwide.

Hidden Connections

  • Through capital alliance with DIC, closely collaborates on R&D and sales networks.
  • Taiyo Ink Manufacturing serves as the group's core manufacturing hub.
  • Entry into pharmaceutical business is advancing collaboration with pharmaceutical companies.
  • Group is widely active in alternative energy businesses.
  • Has strong trading relationships with numerous domestic and international electronic parts manufacturers.
  • Thorough quality control and management systems through manufacturing subsidiaries are characteristic.
  • Subsidiaries engaged in community contributions such as cafeteria operations exist within the group.
  • Head office located in Metropolitan Plaza Building, recognized as an urban-type company.

Future Outlook

Growth Drivers

  • Increased demand for electronic materials due to continued growth in smartphone market
  • Active entry into pharmaceuticals and expansion of product lineup
  • Expanding demand for environmentally compliant products and stricter regulations
  • Expansion of sales networks in global markets
  • Product differentiation through advanced technology development
  • Rapid market expansion in renewable energy sector
  • Productivity improvements and quality control using AI and IoT
  • Maximizing synergy effects from strategic alliance with DIC
  • Pioneering new markets for high-function materials
  • Efficient management through business collaboration within the group

Strategic Goals

  • Achieve 30% world market share in resist inks for wiring boards
  • Expand sales from pharmaceuticals and green energy businesses to 20% of total
  • Reduce CO2 emissions by 40% compared to 2010
  • Increase global sales ratio to over 50%
  • Scale up R&D investment in next-generation electronic materials to 10 billion yen annually
  • Maintain customer satisfaction index above 80%
  • Expand and promote sustainable product lines
  • Diverse talent recruitment and creation of comfortable work environments
  • 20% productivity improvement through DX initiatives
  • Strengthen coexistence with local communities and environmental conservation activities

Business Segments

Electronic Materials Manufacturing

Overview
Provides advanced electrical functional materials for electronic devices and supports precision manufacturing technology.
Competitiveness
Provides high-precision, environmentally compatible materials with world-leading market share.
Customers
  • Electronics manufacturers
  • Smartphone manufacturing companies
  • Automotive electronic parts manufacturers
  • Semiconductor manufacturers
Products
  • Resist for wiring boards
  • Photoresists
  • Insulating film materials
  • Flat panel materials

Printing Ink Manufacturing

Overview
Supplies high-quality inks to the industrial printing sector to meet diverse needs.
Competitiveness
Development and stable supply base for weather-resistant, high-performance inks.
Customers
  • Packaging materials manufacturers
  • Industrial printing companies
  • Packaging and label manufacturers
  • Stationery and advertising agencies
Products
  • Industrial printing inks
  • Packaging inks
  • Special printing inks

Pharmaceutical Raw Materials Supply

Overview
Provides high-quality, stable pharmaceutical raw materials to the pharmaceutical industry.
Competitiveness
Strict quality control and specialized technology for pharmaceuticals.
Customers
  • Pharmaceutical companies
  • Pharmaceutical development companies
  • Research institutions
  • Contract manufacturing organizations (CMOs)
Products
  • Pharmaceutical active ingredient raw materials
  • High-purity chemicals
  • Intermediates for formulations

Renewable Energy Materials

Overview
Provides high-function materials for solar power generation to support reduction of environmental impact.
Competitiveness
Environmentally considerate material development and high durability.
Customers
  • Solar panel manufacturers
  • Environmental companies
  • Home equipment manufacturers
Products
  • Solar panel protective materials
  • Green energy materials

R&D Support and Technical Services

Overview
Offers cutting-edge technology support services to research institutions.
Competitiveness
Advanced expertise and extensive track record.
Customers
  • University labs
  • Industrial technology research institutes
  • Private development organizations
Products
  • Technical consulting
  • Material analysis services
  • Sample provision

Overseas Sales and Logistics

Overview
Delivers products to overseas markets through a global sales network.
Competitiveness
Extensive sales channels and efficient logistics.
Customers
  • Overseas agents
  • Global manufacturers
  • Local production bases
Products
  • Product exports
  • Inventory and logistics management

Competitive Advantage

Strengths

  • World's top market share in resist inks for wiring boards
  • High R&D capabilities and technological innovation
  • Global expansion backed by high overseas sales ratio
  • Synergies from capital and business alliance with DIC
  • Risk diversification through diversified business lines
  • Stable financial base and ample funding
  • Technical support from highly specialized employees
  • Active promotion of environmentally friendly products
  • Excellent quality control system
  • Unique sales and supply network

Competitive Advantages

  • High competitive edge in insulating inks for smartphones
  • Extensive domestic and international sales channels and local production systems
  • Product development emphasizing sustainability and environmental compliance
  • Diversified revenue base achieved through entry into pharmaceuticals
  • Maintaining technological superiority in high-function electronic materials
  • Consistent product supply through collaboration with group companies
  • Customization capabilities responsive to customer needs
  • Advanced quality assurance and traceability systems
  • Compliance and certification with international quality standards
  • Business building aligned with sustainable development goals

Threats

  • Intensifying technological innovation and price competition from competitors
  • Impact from fluctuations in the global semiconductor market
  • Risk of cost increases due to sharp rises in raw material prices
  • Impact of exchange rate fluctuations on earnings
  • Rising compliance costs due to stricter environmental regulations
  • Intensified market competition from new entrants
  • Destabilization of overseas operations due to geopolitical risks
  • Supply chain bottlenecks
  • Risk of technology leakage
  • Delays in responding to rapidly changing customer needs

Innovations

2024: Successful Development of Next-Generation High-Function Resist

Overview
Developed ultra-high heat-resistant, high-insulation performance resist for smartphones.
Impact
Contributes to enhancing product competitiveness and expanding market share.

2023: Established Taiyo Pharma to Expand Pharmaceutical Business

Overview
Strengthened R&D and manufacturing for pharmaceutical raw materials to enter new markets.
Impact
Diversifies revenue and creates growth drivers.

2022: Launched Low-Environmental-Impact Water-Based Resist Products

Overview
New technology products that reduce chemical substances and wastewater treatment costs.
Impact
Improves customer satisfaction and strengthens environmental regulation compliance.

2021: Introduced Digital Manufacturing Processes to Improve Production Efficiency

Overview
Deployed AI and IoT-based production management systems across all factories.
Impact
15% improvement in production efficiency and stabilized quality.

2020: Launched Green Energy-Related Materials Business

Overview
Developed and commercialized protective film materials for solar power generation.
Impact
Pioneers new markets and promotes entry into environmental businesses.

Sustainability

  • Active development and promotion of low-environmental-impact products
  • Expansion of energy-saving and resource-saving production technologies
  • Thorough in-house recycling of waste and further development
  • Strengthened chemical substance management to ensure safe environments
  • Environmental conservation activities in collaboration with local communities
  • Compliance with international environmental standards and formulation of improvement plans
  • Promotion of sustainable resource procurement
  • Employee participation in environmental awareness activities
  • Setting and announcement of CO2 emission reduction targets
  • Annual issuance of sustainability reports