- Business
- Aica Kogyo Company, Limited develops, manufactures and sells chemical products, laminates and building materials in Japan and internationally. Founded in 1936 and headquartered in Nagoya, Japan, the company operates through segments including chemical products, specialty and performance materials, laminated sheets, and building and housing materials; it serves markets in Asia, North America, Southeast Asia and other regions with products such as synthetic resin adhesives, construction resins, melamine boards and doors, decorative panels and films including the CERARL and Virutect series, wall coating materials, countertops, polyester panels, fire retardant panels, housing and public products, counters, floor coating materials, veneer plywood, interior building materials, extruded cement boards, solar batteries, lamps and silicone materials. Aica Kogyo maintains a global presence through subsidiaries like AICA Asia Pacific Holding, which oversees manufacturing sites across Asia focused on industrial adhesives, composite board resins and overlay films. In recent developments, the company signed a memorandum of understanding in May 2025 to acquire Takarainc as a subsidiary via partial share exchange, targeting completion by early September 2025 pending approvals; it initiated and progressed a share repurchase program approved in May 2025, acquiring over 891,400 shares by July 2025 and completing additional tranches through October 2025 to optimize capital structure; Aica Kogyo started operations at its Fujian plant in August 2025 to capture regional demand, reported record-high H1 fiscal 2025 results for net sales, operating profit and net income as of November 2025 with growth in high-value-added products, raised its ROE target to 10% or higher, and announced aims to acquire a majority stake in Stylam Industries in October 2025.