Okamoto

Basic Information

Stock Code
5122
Industry
Rubber Products
Category Detail
Chemicals & Chemical Products
Prefecture
Tokyo
Establishment Year
January 1934
Listing Year
June 1949
Official Website
https://www.okamoto-inc.jp/
TSE Information
TSE Information
Yahoo! Finance
Yahoo! Finance
Other Companies
Okura Industrial, Lonsil, Achilles, Carmate, Hagiwara Industrial, Webrock Holdings

Overview

Okamoto is a leading rubber products company founded in 1934, operating as an international chemical products manufacturer with diversified businesses in daily necessities and industrial products centered on condoms.

Current Situation

Okamoto recorded consolidated net sales of approximately 89.6 billion yen and operating profit of approximately 7.5 billion yen for the fiscal year ended March 2022, maintaining a solid financial base. In its mainstay daily necessities business, it has established the position of Japan's top domestic condom market share, offering a diverse lineup including disposable hand warmers and dehumidifiers. In the industrial sector, it leverages its technological expertise in manufacturing automotive interior materials and plastic films, boasting world No.1 leather technology. Overseas production is active with manufacturing bases in the US, Thailand, Vietnam, and China, establishing a global supply system. In recent years, it has expanded its business domains through M&A, focusing on developing environmentally considerate materials and launching new products such as dehumidifiers. It is committed to sustainability, promoting reduction of environmental impact and local community contributions, and in 2023 absorbed and merged its wholly-owned subsidiary Sekicho Union Co., Ltd. Moving forward, it aims for sustainable growth by strengthening product diversification and technological innovation.

Trivia

Interesting Facts

  • In the 1970s, pharmacy signs read 'OK sign is Skinless'
  • Completely withdrew from automotive tire business to focus on leather technology
  • Okamoto billboards were once displayed at Kawasaki Stadium
  • Expanded business by acquiring dehumidifier and insecticide brands from Nagaoka
  • Holds one of the top shares in dehumidifiers nationwide
  • 'Prioir' leather material has been evaluated as world No.1 technology
  • In 1985, entered sports business through business alliance with UK's Reebok
  • Long involved in resin film industry including vinyl chloride
  • Widely entered social welfare products and medical products fields
  • In 2023, absorbed and merged wholly-owned subsidiary Sekicho Union to integrate businesses
  • In 1973, Okamoto Riken Apollos won the inaugural Pro Bowling Men's Japan League
  • First company in gay magazine history to advertise in Bara Zoku magazine
  • Also manufactures disposable bidets and concentrated oxygen products
  • Acquired and sold bus soft bath additives from Nagaoka
  • Global company with manufacturing and sales bases worldwide

Hidden Connections

  • Sponsored Nissan Skyline GT-R racing cars with logo displayed
  • Deep connections with Nissan Prince Motor Sales through introductions by Masajiro Ishibashi and Masaru Ebihara
  • History of collaboration with sports goods industry through Reebok Japan establishment
  • Strengthened presence in daily necessities through business transfers from Tokuyama and Nagaoka
  • Affiliated with Fuyo Group, strong ties with major financial institutions like Mizuho Bank
  • Dehumidifier brand 'Mizudori Zosan' is a flagship product originally from Tokuyama
  • Shares resin film technology used in various industries with related companies
  • Maintains overwhelming market share backed by strong brand power in Japan and overseas dehumidifier markets

Future Outlook

Growth Drivers

  • Ongoing expansion of hygiene product demand domestically and internationally
  • Increasing demand for lightweight and high-function automotive interior materials
  • Rising demand for eco materials due to stricter environmental regulations
  • Growing demand for welfare and medical products amid aging society
  • Further optimization of global production system
  • Manufacturing efficiency and quality improvement using digital technology
  • New market and product development through M&A
  • Brand strengthening through daily necessities diversification
  • Improvement in social contributions and sustainability evaluations
  • Establishment of competitive superiority through new material R&D

Strategic Goals

  • Consolidated net sales exceeding 100 billion yen
  • Eco-friendly products accounting for over 50% of sales
  • Overseas business ratio expanded to 40% or more
  • Differentiation through market launch of advanced functional materials
  • Business diversification through M&A
  • Promotion of greening and energy saving at production bases
  • Regular publication of sustainability reports
  • Implementation of diversity and work-life balance measures for employees
  • Continuous improvement in customer satisfaction
  • Advanced manufacturing automation through latest IT technology

Business Segments

Automotive Interior Materials Manufacturing

Overview
Industrial segment providing high-function materials and leathers used in automotive interiors and exteriors.
Competitiveness
World-leading leather technology and diverse product lineup
Customers
  • Automobile Manufacturers
  • Automotive Parts Suppliers
  • Industrial Materials Trading Companies
  • Overseas Automotive Manufacturers
  • Design and Development Companies
  • Logistics Companies
  • Sales Agencies
  • Recycling Companies
  • Equipment Maintenance Companies
  • Research Institutions
Products
  • TPU Leather 'Prioir'
  • Vehicle Interior Materials
  • Seat Cover Materials
  • Bumper Parts
  • Molding Parts
  • Inkjet-Compatible Leather
  • Industrial Tarpaulin
  • Seat Belt Parts
  • Airbag Materials
  • Dashboard Films

Plastic Film Manufacturing

Overview
Business area manufacturing various films used in food, construction, and agriculture.
Competitiveness
Advanced film manufacturing technology through technical partnerships and multi-purpose adaptability
Customers
  • Packaging Materials Manufacturers
  • Food Processors
  • Agricultural Materials Manufacturers
  • Construction Materials Companies
  • Logistics Companies
  • Chemical Product Manufacturers
  • Printers
  • Retailers
  • Medical Device Manufacturers
  • Industrial Goods Manufacturers
Products
  • Vinyl House Films
  • Packaging Wrap Films
  • Cosmetic Films
  • Waterproof Sheets
  • Masking Films
  • Commercial Wraps
  • Medical Plastic Films
  • Absorbent Sheets
  • Agricultural Mulch Films
  • High-Function Resin Films

Hygiene Products Manufacturing

Overview
Manufactures product lineup considerate of carbon emission reduction for medical, nursing care, and hygiene fields.
Competitiveness
Japan's largest condom manufacturing technology and high market share in dehumidifiers
Customers
  • Medical Institutions
  • Nursing Facilities
  • Nurseries and Kindergartens
  • Sports Facilities
  • Pharmaceutical Companies
  • Welfare Product Retailers
  • Drugstores
  • Online Retailers
  • Wholesalers
  • Research Institutions
Products
  • Condoms
  • Plastic Gloves
  • Hygiene Latex Products
  • Lubricant Jelly
  • Disposable Bidets
  • Medical Shoes
  • Disposable Hand Warmers
  • Dehumidifiers
  • Welfare Portable Bathtubs
  • Medical Testing Supplies

Food Packaging Materials

Overview
Manufacturing and sales of packaging materials supporting food preservation and transportation.
Competitiveness
High-quality technology and development capabilities for environmentally friendly packaging
Customers
  • Food Manufacturers
  • Hotels
  • Restaurant Chains
  • Supermarkets
  • Convenience Stores
  • Food Service Companies
  • Agricultural Producers
  • Processed Food Processors
  • Logistics Companies
  • Retail Stores
Products
  • Food Plastic Wraps
  • Dehydration Sheets
  • Antibacterial Packaging
  • Food Freshness Sheets
  • Food Adhesive Tapes
  • Storage Bags
  • Packaging Films
  • Commercial Wraps
  • Vacuum Packaging
  • Eco-Friendly Packaging

Agricultural Materials

Overview
Business providing materials to support productivity improvement in agriculture.
Competitiveness
Material development technology combining durability and functionality
Customers
  • Agricultural Producers
  • Agricultural Materials Wholesalers
  • Garden Centers
  • Agricultural Cooperatives
  • Greenhouse Construction Companies
  • Agricultural Corporations
  • Environmental Conservation Groups
  • Fertilizer Manufacturers
  • Seed Companies
  • Municipal Agricultural Policy Departments
Products
  • Vinyl House Films
  • Insect-Proof and Waterproof Sheets
  • Mulch Films
  • Adhesive Tapes
  • Greenhouse Covers
  • Agricultural Protection Materials
  • Fertilizer Spreading Materials
  • Weather-Resistant Covers
  • Environmental Conservation Materials
  • Agricultural Absorbent Sheets

Industrial Tapes

Overview
Provides adhesive tape product lineup optimized for diverse industrial uses.
Competitiveness
Tape development capabilities backed by high-function material expertise
Customers
  • Electronic Parts Manufacturers
  • Automotive Parts Manufacturers
  • Construction Materials Companies
  • Electrical Equipment Manufacturers
  • Packaging Materials Providers
  • Logistics Companies
  • Printers
  • Home Appliance Manufacturers
  • General Manufacturing
  • Wholesalers
Products
  • Double-Sided Tapes
  • Insulation Tapes
  • Heat-Resistant Tapes
  • Waterproof Tapes
  • Masking Tapes
  • Adhesive Tapes
  • Industrial Special Tapes
  • Heat-Shielding Tapes
  • Strong Adhesive Sheets
  • Protective Film Tapes

Welfare and Nursing Care Products

Overview
Specialized product provision for nursing care and welfare in response to aging society.
Competitiveness
Superior practicality and safety in welfare product development
Customers
  • Nursing Facilities
  • Elderly Care Service Providers
  • Medical Institutions
  • Welfare Equipment Retailers
  • Municipalities
  • Insurance Companies
  • Welfare NPOs
  • Family Caregivers
  • OEM Manufacturers
  • Nursing Care Rentals
Products
  • Portable Bathtubs
  • Hair Washing Aids
  • Mobility Support Tools
  • Nursing Care Gloves
  • Welfare Shoes
  • Bathing Assistance Products
  • Hygiene Products
  • Elderly Clothing
  • Nursing Care Protection Materials
  • Hygiene Management Products

Medical and Healthcare Products

Overview
Product lineup supporting safety and hygiene management in medical settings.
Competitiveness
Compliance with medical standards and continuous supply of high-quality products
Customers
  • Hospitals
  • Clinics
  • Medical Device Manufacturers
  • Health Facilities
  • Pharmaceutical Companies
  • Emergency Services
  • Research Institutions
  • Medical Wholesalers
  • Nursing-Related Facilities
  • Health Check Centers
Products
  • Medical Gloves
  • Lubricant Jelly
  • Sanitary Rubber Products
  • Disposable Bidets
  • Medical Shoes
  • Oxygen-Related Products
  • Hygiene Protective Gear
  • Medical Wraps
  • Inspection Gloves
  • Protective Gloves

Logistics and Storage Materials

Overview
Provides materials supporting logistics process efficiency and quality control.
Competitiveness
High-function packaging materials and environmentally considerate technology
Customers
  • Logistics Companies
  • Warehousing Companies
  • Delivery Companies
  • Retail Chains
  • Manufacturing
  • Wholesalers
  • Transportation Companies
  • Mail Order Companies
  • Food Manufacturers
  • Pharmaceutical Companies
Products
  • Packaging Wraps
  • Dehumidifiers
  • Adhesive Tapes
  • Pallet Covers
  • Cushioning Materials
  • Buffer Materials
  • Storage Covers
  • Antibacterial Packaging
  • Transport Packing Materials
  • Protective Films

Environmental and Eco Products

Overview
Develops eco products supporting environmental protection and sustainable society.
Competitiveness
Safety-focused backed by environmental technology
Customers
  • Local Governments
  • Environmental Companies
  • Housing Construction Companies
  • Factories
  • Medical Facilities
  • Educational Institutions
  • Non-Profits
  • Recycling Companies
  • General Households
  • Food Service Industry
Products
  • Dehumidifiers
  • Eco-Friendly Wraps
  • Recyclable Material Products
  • Energy-Saving Sheets
  • Eco Packaging
  • Environmental Purification Products
  • Low-Emission Plastics
  • Resource-Saving Films
  • Environmentally Certified Products
  • Biodegradable Materials

Sports and Leisure Products

Overview
Manufactures high-function goods for sports and leisure uses.
Competitiveness
Product lineup combining comfort and durability
Customers
  • Sports Goods Retailers
  • Sports Teams
  • Outdoor Shops
  • School Gymnasiums
  • Athletes
  • General Consumers
  • Rehabilitation Centers
  • Sports Event Operators
  • Municipal Sports Departments
  • Sports Media
Products
  • Sports Shoes
  • Rain Boots
  • Rainwear
  • Waterproof Gloves
  • Exercise Support Tools
  • Welfare Products for Disabled
  • Lightweight Material Products
  • Cold Protection Products
  • Safety Function Shoes
  • Cushioning Materials

Commercial Facilities and Construction Materials

Overview
Provides materials useful for construction and management of commercial facilities and housing.
Competitiveness
Product deployment superior in durability and design
Customers
  • Construction Companies
  • Real Estate Developers
  • Renovation Companies
  • Interior Designers
  • Facility Managers
  • Construction Materials Wholesalers
  • Commercial Facility Operators
  • Housing Manufacturers
  • Store Designers
  • Building Materials Retailers
Products
  • Wall Coverings
  • Waterproof Sheets
  • Adhesive Tapes
  • Resin Sheets
  • Floor Coverings
  • Decorative Vinyl Leather
  • Soundproofing Materials
  • Insulation Materials
  • Industrial Films
  • Anti-Stain Sheets

Competitive Advantage

Strengths

  • Japan's largest condom market share
  • World top-level leather technology
  • Diverse daily necessities and industrial products
  • Strong global production and sales network
  • Business expansion through extensive M&A experience
  • Stable financial base
  • Long-term technological development capabilities
  • Brand trust in health and hygiene fields
  • Diverse product lineup
  • Domestic and international production bases

Competitive Advantages

  • Leads competitors in condom product quality and variety
  • World No.1 technology in TPU leather for automotive interiors
  • Product diversification through business transfers from Tokuyama, Nagaoka, etc.
  • Manufacturing technology adaptable to diverse daily and industrial uses
  • Rapid supply system leveraging global bases
  • Promotion of environmentally friendly products and social recognition
  • Strong customer network in the industry built over years
  • Sales channel expansion utilizing wide distribution networks
  • Stable funding capabilities and timely business investments
  • Reliability ensured by prudent management stance

Threats

  • Cost increases due to raw material price fluctuations
  • Growth stagnation risk from maturing domestic demand
  • Penetration of low-price overseas competitors
  • Rising manufacturing costs from stricter environmental regulations
  • Emergence of new technologies and alternative materials
  • Trade friction and exchange rate risks
  • Market contraction due to population decline
  • Product approval delays from stricter legal regulations
  • Intensified market competition from new entrants
  • Demand uncertainty from changing social trends

Innovations

2023: Improvement of Prioir TPU Leather Material

Overview
Developed new TPU leather with enhanced durability and flexibility, advancing high functionality of automotive interior materials.
Impact
Contributes to strengthening competitiveness in the automotive parts market

2022: Launch of Environmentally Friendly Dehumidifier Products

Overview
Added lineup of dehumidifiers using biodegradable materials, achieving reduction in environmental impact.
Impact
Captures environmental needs and enhances brand value

2021: Adoption of New Heating Technology in Disposable Hand Warmers

Overview
Introduced new materials significantly extending heat duration, improving product performance.
Impact
Contributes to maintaining and expanding market share

2024: Smart Fit Condom Development

Overview
Commercialized condoms with improved fit and enhanced safety through new shape technology.
Impact
Well-received especially among younger users, contributing to sales growth

2020: AI-Utilized Manufacturing Process Optimization

Overview
Introduced AI analysis in production lines, achieving quality control and cost reduction.
Impact
10% improvement in production efficiency and defect rate reduction

Sustainability

  • Expansion of energy-saving production equipment introduction
  • Programs to improve product material recycling rates
  • Promotion of waste reduction and reuse
  • Strengthening environmental education for employees
  • Thorough procurement of low-environmental-impact raw materials
  • Participation in local cleanup activities and tree-planting campaigns
  • Annual publication of environmental reports for transparency
  • Active acquisition of environmental certifications and standards
  • Participation in cooperative projects for ecosystem conservation
  • Promotion of Sustainable Development Goals (SDGs) initiatives