Candidates ／ 4619
Nihon Tokushu Toryo Co., Ltd.4619・Chemicals
Activist stake: Murakami group (City Index Eleventh etc.). Of the listed companies with this trait in 2021–22, 1 in 5 was bought in the following four years or so — against 1 in 11 for all listed companies.
Taking every trait together, its score is 2.0x the average — #385 of 3,751. The closest type of deal is management buyout.
Why it looks like past targets
- Activist stake: Murakami group (City Index Eleventh etc.)1 in 5 such companies were bought (2.0x the average)
Score by type of buyer
| Type | vs average for the type | |
|---|---|---|
| Buyout by the parent | 0.6x | |
| Management buyout | 2.7x | |
| Private equity | 4.0x | |
| Strategic buyer | 1.5x |
Ownership
Top 10 shareholders
| Holder | Type | Stake | |
|---|---|---|---|
| AUTONEUM HOLDING AG | Company | 14.4% | |
| 関西ペイント株式会社 | Company | 5.2% | |
| 株式会社三菱UFJ銀行 | Financial institution | 4.1% | |
| 明治安田生命保険相互会社 | Financial institution | 3.5% | |
| 株式会社中外 | Company | 3.4% | |
| ニットク親和会 | Individual | 3.0% | |
| 株式会社ヒロタニ | Company | 2.5% | |
| 株式会社三井住友銀行 | Financial institution | 1.8% | |
| 株式会社日本カストディ銀行(信託口) | Custodian/nominee | 1.8% | |
| 交洋貿易株式会社 | Company | 1.7% |
From the annual report for the year to 2026-03-31. Holder types are assigned by name and can be wrong (for example, a founder’s company can look like an operating company). Annual report (PDF, EDINET)
Key figures
- Controlling shareholder (over 50%)
- No
- Largest corporate holder
- 14.4%
- Founder family (individuals and their companies)
- 3.0%
- Officers
- 0.7%
- Net cash ÷ market value
- 51%
- ROE
- 8.9%
- Equity ratio
- 70%
Activist filings
- Murakami group (City Index Eleventh etc.) 14 Apr 2025〜25 Aug 2025、2 filings Latest reports: 1 2Latest report: stake cut to 4.0% (under 5%)
Estimated cost = total acquisition funds ÷ shares held, from the latest report (or the previous one if the latest does not state the funds). Trades after the report's base date are not included. Stakes whose reports give no funding figure are left out. Share splits after the report are adjusted using the change in shares outstanding. Costs outside the stock's price range while held (0.8x the monthly low to 1.2x the high) are treated as reporting quirks (e.g. funds not updated after selling) and not shown. Stakes cut below 5% (mostly sold) are left out of the totals.
This site ranks listed companies by how closely their public filings (annual reports and large-shareholding reports) resemble past tender-offer and MBO targets. It is not a prediction that any company will be bought, is not based on any non-public information, and is not a recommendation to buy or sell. Not investment advice.
Updated 29 Sep 2026 00:48 JST