Toagosei Co., Ltd.

TOAGF · OTC

Company research

Toagosei Co., Ltd. (OTC: TOAGF) is a Japan-based specialty chemicals manufacturer founded in 1933 and headquartered in Minato, Tokyo, engaged in the manufacture and sale of a broad range of chemical and industrial products. The company operates through six segments — Commodity Chemicals, Polymer & Oligomer, Adhesive Material, Performance Chemicals, Plastics, and Others — offering products spanning caustic soda, sulfuric acid, acrylic acid and esters, UV-curable resins, and its well-known Aron Alpha brand of instant adhesives. With approximately 2,609 consolidated employees and a market capitalization of approximately $1.1 billion USD, Toagosei serves diverse end-markets including electronics, automotive, construction, and environmental infrastructure, with global operations extending across Japan, North America, and China. The company is listed on the Tokyo Stock Exchange Prime Market under securities code 4045 and is led by Chairman and CEO Mikishi Takamura.

Research reports

MarketsMojo · January 18, 2026Toagosei Co., Ltd. (4045) Stock Recommendation

MarketsMojo’s real‑time research report on Toagosei (Tokyo: 4045, underlying issuer for TOAGF) recommends selling the entire holding, citing weak long‑term sales and operating‑profit growth, a recent fall in net sales, underperformance versus the Nikkei 225, and deteriorating liquidity and interest‑coverage metrics, while noting some positives such as improving operating margin and rising dividend per share.