Soken Chemical

Basic Information

Stock Code
4972
Industry
Chemicals
Category Detail
Chemicals & Chemical Products
Prefecture
Tokyo
Establishment Year
September 1948
Listing Year
April 2001
Official Website
https://www.soken-ce.co.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Nichiban, Konishi, Yasuhara Chemical, Yushiro, Kawagishi Kogyo, Yosha Shutter, Lintec

Overview

Soken Chemical is a specialized high-tech company founded in 1948 in the chemical industry, with adhesives and pressure-sensitive adhesives as its main products, holding a high market share in LCD displays.

Current Situation

Soken Chemical centers on pressure-sensitive adhesives as its main chemical products, particularly establishing a high market share for LCD displays. Estimated sales for FY2023 are around 10 billion yen, with a stable revenue base. It also expands into industrial equipment fields both in Japan and overseas, meeting diverse customer needs. Focusing on R&D, it provides high-performance and environmentally friendly products, and is advancing sustainable material development. From a sustainability perspective, it strives for resource recycling and reduced environmental impact, strengthening regulatory compliance. In the future, growth in the LCD industry and increasing demand for new materials are positioned as mid-to-long-term growth drivers. It is proactive in investments in new facilities and overseas expansion, pursuing diversification strategies. In recent years, it has focused on developing new products such as digital printing materials to strengthen competitiveness. It aims to further deepen technological superiority while flexibly responding to market changes.

Trivia

Interesting Facts

  • Established in 1948, a long-standing chemical manufacturer
  • Domestic top-class in LCD adhesive field
  • Holds numerous patents in pressure-sensitive adhesive technology
  • Specialized manufacturer headquartered in Tokyo
  • Also manufactures durable materials for industrial equipment
  • Highly evaluated in the industry for proprietary environmentally considerate technologies
  • Technology honed over many years deployed across multiple industries
  • Actively developing new materials to lead the market
  • Numerous product developments in collaboration with domestic and international customers
  • In-house research institute focusing on technology development
  • Product lineup corresponding to diverse adhesion applications
  • Competes with Yushiro and Lintec in the pressure-sensitive adhesive market
  • Early adoption of automation in manufacturing processes
  • Corporate culture emphasizing talent development
  • Thorough efforts in industrial safety and health

Hidden Connections

  • Has long-term transaction history with major LCD panel manufacturers and also engages in technical collaborations
  • Maintains relationships with Yushiro and Lintec as both competitors and business partners
  • Has collaborative relationships in adhesive supply with industrial boiler manufacturing companies
  • Contributes to expansion of the adhesive market in specialty stores and drugstores
  • Has track record of technology exchange with Tokyo Stock Exchange-listed chemical manufacturers
  • Collaborates with local governments advancing environmental regulation compliance to conduct regional contribution activities
  • Conducts joint research with university research institutions for new technology development
  • Participates in joint developments with overseas companies in the industrial adhesive field

Future Outlook

Growth Drivers

  • Recovery and expansion of the LCD display industry
  • Increasing demand for environmentally friendly products
  • Competitive strengthening through high-function material development
  • Growing demand for industrial automation
  • Promotion of global market development
  • Expansion of R&D investment
  • Product deployment emphasizing sustainability
  • Risk diversification through horizontal expansion into multiple industries
  • Strengthened response to global environmental regulations
  • Growth in the digital printing market
  • Expansion of demand for heat- and chemical-resistant products
  • Productivity improvement through adoption of new technologies

Strategic Goals

  • Maintain top domestic market share in the adhesive field
  • Achieve 40% of sales from environmentally friendly products
  • Realize overseas sales ratio of over 30%
  • Strengthen R&D for high-function LCD materials
  • Energy-saving in manufacturing processes and CO2 reduction
  • Business diversification through new market product launches
  • Brand enhancement through strengthened regional community collaboration
  • Acceleration of digitalization and IoT adoption
  • Improvement of employee expertise and better working environment
  • Resilient supply chain

Business Segments

Chemical Products for LCD Displays

Overview
Provides high-function materials used in LCD panel manufacturing processes, contributing to quality and reliability.
Competitiveness
High technological capability and quality control in the LCD market
Customers
  • Panel manufacturers
  • Electronic component manufacturers
  • Precision equipment manufacturers
  • R&D institutions
  • Industrial machinery manufacturers
Products
  • High-transparency adhesives
  • Functional protective films
  • Precision sealing materials
  • Heat-resistant paints
  • Functional resins

Industrial Adhesives and Pressure-Sensitive Adhesives

Overview
Designs, develops, and stably supplies dedicated adhesives for diverse industries.
Competitiveness
Product development capabilities and technical support responding to diverse needs
Customers
  • Automotive parts manufacturers
  • Home appliance manufacturers
  • Construction material manufacturers
  • Medical device manufacturers
  • Printers
  • Packaging material manufacturers
Products
  • High heat-resistant adhesives
  • Water-resistant pressure-sensitive adhesives
  • Special sealing agents
  • Electrical insulating adhesives
  • Environmentally friendly adhesives

Materials for Industrial Machinery and Equipment

Overview
Provides materials contributing to improved durability and performance maintenance of industrial equipment.
Competitiveness
Reliability and expertise based on years of track record
Customers
  • Boiler manufacturers
  • Industrial furnace manufacturers
  • Heat exchanger manufacturers
  • Environmental equipment manufacturers
  • Waste treatment equipment manufacturers
Products
  • Heat-resistant paints
  • Rust preventive agents
  • Special sealing materials
  • Chemical-resistant resins
  • Industrial adhesives

Construction and Civil Engineering Materials

Overview
Provides adhesives emphasizing durability and environmental performance in construction and civil engineering fields.
Competitiveness
High compliance with standards and ease of construction
Customers
  • Construction contractors
  • Housing manufacturers
  • Civil engineering companies
  • Design and construction companies
  • Material distributors
Products
  • Earthquake-resistant adhesives
  • Waterproof sealing materials
  • Environmentally friendly adhesives
  • Insulation adhesives
  • Repair material adhesives

Adhesives for Electronics and Communications Equipment

Overview
Deploys high-function adhesives corresponding to the evolving electronics and communications equipment market.
Competitiveness
対応 to latest technologies and advanced quality control
Customers
  • Smartphone manufacturers
  • Communications equipment manufacturers
  • Electronic component suppliers
  • Device manufacturers
  • Semiconductor-related companies
Products
  • High-conductivity adhesives
  • Thermally conductive adhesives
  • Thin-film adhesives
  • EMI shielding materials
  • Moisture-resistant adhesives

Packaging and Logistics Adhesives

Overview
Provides pressure-sensitive products contributing to efficiency and safety improvement in packaging and logistics.
Competitiveness
Product lineup specialized for logistics site needs
Customers
  • Packaging material manufacturers
  • Logistics companies
  • Food packaging manufacturers
  • Transportation companies
  • Warehousing companies
Products
  • Logistics pressure-sensitive tapes
  • Cold- and moisture-resistant tapes
  • Environmentally considerate tapes
  • High-adhesion sealing agents
  • Recyclable products

Medical Materials

Overview
Manufactures adhesives and pressure-sensitive materials prioritizing safety for medical sites.
Competitiveness
Strict quality control and safety certifications
Customers
  • Medical device manufacturers
  • Hygiene material manufacturers
  • Pharmaceutical companies
  • Emergency medical institutions
  • Research institutions
Products
  • Medical adhesives
  • Disinfectant-compatible tapes
  • Low-allergen adhesives
  • Sterilization tapes
  • Medical sealing materials

Industrial Films and Membranes

Overview
Provides a wide range of thin-film materials supporting industrial functionality improvement.
Competitiveness
Technological capabilities corresponding to diverse applications
Customers
  • Packaging material manufacturers
  • Electronic material manufacturers
  • Industrial material manufacturers
  • Daily goods manufacturers
  • Food processors
Products
  • Functional protective films
  • Transparent pressure-sensitive films
  • Heat-resistant films
  • Flame-retardant films
  • Eco films

Adhesives for Automotive Parts

Overview
Develops and provides materials for automotive parts where durability and safety are required.
Competitiveness
High-performance product lineup for automotive industry
Customers
  • Automotive manufacturers
  • Parts suppliers
  • Aftermarket
  • Repair shops
  • Transportation equipment manufacturers
Products
  • Heat-resistant adhesives
  • Vibration-proof sealing agents
  • Lightweight adhesives
  • Chemical-resistant adhesives
  • UV-curable adhesives

Adhesives and Seals for Building Materials

Overview
Supplies high-performance adhesives and sealing materials for interior and exterior use.
Competitiveness
Balance of constructability and durability
Customers
  • Housing construction contractors
  • Renovation contractors
  • Interior material manufacturers
  • Equipment construction companies
  • Design offices
Products
  • Waterproof sealing agents
  • Earthquake-resistant adhesives
  • Weather-resistant adhesives
  • Easy-application adhesives
  • Environmentally friendly adhesives

Industrial Adhesives and Materials

Overview
Deploys high-reliability materials and adhesives for advanced industries.
Competitiveness
Technological and manufacturing capabilities for harsh environments
Customers
  • Machinery manufacturers
  • Heavy industry manufacturers
  • Equipment management companies
  • Energy-related companies
  • Aircraft manufacturers
Products
  • High heat-resistant adhesives
  • Chemical-resistant materials
  • Structural adhesives
  • Abrasion-resistant resins
  • Special functional coatings

Competitive Advantage

Strengths

  • High market share technological strength for LCD displays
  • Diverse product lineup for various industries
  • Years of industry experience and reliability
  • Promotion of environmentally friendly product development
  • Stable quality control system
  • Flexibility in responding to customer needs
  • Track record in industrial equipment field
  • Advanced R&D capabilities
  • Relationship building with broad customer base
  • Strength of domestic manufacturing in Japan
  • Responsive product supply system
  • Utilization of diverse sales channels
  • Excellent heat and chemical resistance
  • Brand recognition in the industry
  • Stable financial base

Competitive Advantages

  • Market leadership in LCD panel-related products
  • Proprietary technologies in high-function adhesives
  • Pioneering development of environmentally regulatory compliant products
  • High customization product responsiveness
  • Track record of high quality and stable supply
  • Portfolio strengthening through multi-industry expansion
  • In-house manufacturing equipment for quality control
  • Technological innovation through R&D investment
  • Building competitive barriers with patents
  • Close customer sales system and technical support
  • Superiority in durable products for industrial equipment
  • Adaptability to global market trends
  • Differentiation through environmentally considerate products
  • Multi-functionalization and high value-added products
  • Active participation in industry standards

Threats

  • Risk of slowdown in LCD panel market growth
  • Fluctuations in raw material prices and procurement difficulties
  • Intense competition with overseas companies
  • Cost increases due to strengthened environmental regulations
  • Risk of lagging behind the pace of technological innovation
  • Possibility of profit deterioration due to exchange rate fluctuations
  • Development of alternative technologies and market substitution
  • Impact from changes in customer demand
  • Supply chain disruptions due to geopolitical risks
  • Difficulties in talent acquisition and retention
  • Risk of production halt due to natural disasters
  • Legal risks such as patent litigation

Innovations

2024: Improvement of High-Function Adhesives for LCDs

Overview
Developed and commercialized new adhesives balancing heat resistance and transparency.
Impact
Successfully expanded adoption at LCD manufacturing sites

2023: Launch of Eco-Friendly Eco Adhesives

Overview
Introduced biodegradable material-based eco adhesives to the market.
Impact
Responded to customer environmental requests, increasing orders

2022: Introduction of Fast-Curing UV Resin Technology

Overview
Began applying UV curing technology to improve production efficiency.
Impact
Reduced manufacturing costs by 15% and improved productivity

2021: Development of Weather Resistance Enhancement Technology for Industrial Sealing Materials

Overview
Achieved performance improvement by adopting new materials with enhanced durability.
Impact
Provided cost reduction effects through long-term use

2020: Development of Pressure-Sensitive Materials for Digital Printing

Overview
Developed and began sales of dedicated pressure-sensitive materials for the digital printing market.
Impact
Sales expansion through new market development

Sustainability

  • Promotion of introducing low environmental impact raw materials
  • Development to improve product recyclability
  • Equipment renewal to energy-saving facilities
  • Technology development for VOC emission reduction
  • Strengthening environmental and safety education
  • Expansion of in-house CSR activities
  • Thorough waste reduction
  • Improvement of supply chain management
  • Formulation of green procurement policy
  • Sustainable product design