May 2026
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Largest Advanced Materials Public Companies in Japan
Benchmark revenue and EBITDA valuation multiples for public comps like
Disco, JX Advanced Metals, Tokyo Ohka Kogyo, Mitsui Chemicals and Mitsubishi Materials.
 | Disco Corp is a Japan-based company engaged in the manufacture and sale of precision processing equipment and related tools. The company operates as a single business segment focused on precision cutting, grinding, and polishing technologies used in semiconductor manufacturing and electronic component production. It provides equipment, consumables, and services that support high-precision wafer processing for the semiconductor and electronics industries. | $414 | +100% | $45B | $43B | 17.4x | 38.3x | ||
| JX Advanced Metals Corp is engaged in business activities, with its main products being sputtering targets for semiconductors and rolled copper foil. In addition, the group is also involved in copper and rare metal resource development, smelting and recycling businesses, and is involved in a wide range of businesses from upstream to downstream. The Group consists of three reportable segments: Semiconductor Materials, Information and Communication Materials, and Basic Materials. | $25 | +408% | $23B | $25B | 5.6x | 25.0x | ||
| Tokyo Ohka Kogyo Co Ltd is a Japan-based company that manufactures functional materials and processing equipment. The processing equipment sold by the firm is mainly used in the manufacturing of semiconductors and liquid crystal display products. The materials used in the manufacturing of these products are also sold by the company, particularly for the photolithography process. The firm also sells inorganic and organic chemicals. | $70 | +196% | $8B | $8B | 5.3x | 21.8x | ||
| Mitsui Chemicals Inc manufactures and sells a variety of chemicals, plastics, and chemical-based products. The firm organizes itself into four segments. The Basic & Green Materials segment provides ethylene, propylene, polyethylene, polypropylene, catalysts, phenols, PTA, PET resins, polyurethane, and industrial chemicals. The ICT Solutions segment supplies semiconductors, electronic components, process and optical materials, and battery-related materials. The Life & Healthcare Solutions segment covers vision care, nonwovens, oral and personal care materials, and agricultural chemicals. The Mobility Solutions segment offers elastomers, functional compounds, polypropylene compounds, and automotive-related products, while Others include related businesses. | $13 | -- | $5B | $8B | 0.7x | 6.8x | ||
| Mitsubishi Materials Corp is a Japan-based company engaged in the production of processed copper products, electronic materials, and cemented carbide products, as well as the smelting and sale of metals such as copper, gold, silver, and palladium. The company operates through four segments. The Highly Functional Products segment includes processed copper products and electronic materials. The Metal segment is engaged in the smelting and refining of non-ferrous metals, including copper, gold, silver, lead, tin, and palladium, as well as the recycling of home appliances. The Processing segment covers carbide products, while the Renewable Energy segment focuses on renewable energy operations. The Other segment includes cement-related and engineering-related businesses. | $32 | -- | $4B | $7B | 0.6x | 11.2x | ||
| Nippon Electric Glass Co Ltd is in the business of the production and sale of glass products and glassmaking machinery. Its business is divided into two categories: Electronics and Information Technology, and Performance Materials and Others. The company produces glass for flat panel displays, optical devices, chemical strengthening, electronic devices, solar cells, fiber, and building materials. The company generates the majority of its sales from the electronics and information technology category. | $42 | +92% | $3B | $3B | 1.5x | 7.2x | ||
| Teijin Ltd is a Japanese industrial conglomerate engaged in healthcare, materials, textiles, and other businesses. The company organizes itself into four primary segments. The Healthcare segment manufactures and sells pharmaceuticals, medical devices, and home medical services. The Material segment covers aramid fibers, polycarbonate resins, carbon fibers, and composite molding materials. The Textiles/Products segment produces polyester fibers and textile products. The Others segment includes businesses outside the reporting segments, such as battery components, membranes, regenerative medicine, and implantable medical devices. | $10 | -- | $2B | $3B | 0.5x | 119.8x | ||
| Ube Corp manufactures and sells chemicals, construction materials, and machinery products. The firm organizes itself into five segments based on product type. The chemicals segment, which generates more revenue than any other segment, sells a variety of chemicals including resins, rubber, silicon, and plastics. The cement and construction segment sells cement, plaster, and foundation materials to the construction and building industries. The pharmaceutical segment sells anti-allergic, anti-hypertensive, and anti-platelet drugs. The machinery and metal products segment sells die-casting and electric injection machines. The energy and environment segment generates electricity from coal and biomass. The majority of revenue comes from Japan. | $19 | -- | $2B | $4B | 1.2x | 32.5x | ||
| Himeji Rika Co Ltd produces and supplies high-precision, high-purity quartz glass products that are essential for increasingly sophisticated semiconductor manufacturing equipment. Having expanded from the production of lab glass to the semiconductor field, the core of its production is its quartz glass processing technology and its in-house developed machinery and equipment. Its products, created with master craftsmanship and cutting-edge technology, support comfortable living and a new future in ways that are not visible to the naked eye. | $5 | -- | $38M | $164M | 1.8x | 14.9x | ||
| Median | $25 | +148% | $4B | $7B | 1.5x | 21.8x |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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