Tokyo 103-8383 Japan
Sales: $270 million (¥29,878 million); consolidated sales $1.537 billion (¥170.394 billion).
Major Products: Sheetfed, heatset, waterless and UV offset, gravure and specialty inks; security and banknote inks; and overprint varnishes.
Key Personnel: Koji Takahashi, president; Toshiya Sakakibara, CFO.
Number of Employees: 4,000 worldwide (Ink World estimate).
Comments: Dainichiseika Color & Chemicals Mfg. Co., Ltd. is a leader in offset and gravure inks, pigments and colorants. Headquartered in Tokyo, Dainichiseika has 13 domestic and 23 manufacturing and sales subsidiaries worldwide. Dainichiseika manufactures offset inks in Kumamoto, Tokai and Tokyo, Japan, and gravure inks in Kawaguchi and Shiga, Japan. Dainichiseika also manufactures inks at P.T. Hi-Tech Ink Indonesia, and gravure inks at Hi-Tech Color, Inc. in the US.
Dainichiseika Color & Chemicals Mfg. Co., Ltd. reported full year net sales of ¥170,394 million ($1.537 billion), an increase of 1.8% compared with the previous year. Ordinary profit declined 33.3% to ¥8,718 million ($78.6 million), which was caused by “ the rise in raw material prices due to the higher price of naphtha and the impact of environment protection regulations in China, the delays in the revision of product prices, costs related to system introduction and the increase in logistics-related costs,” the company noted in its annual report.
In 2018, the Printing Inks business sales were ¥29,878 ($270 million), up 3.3% over the previous year, while operating profit declined 25.2% to ¥2,168 million ($19.6 million), down by 25.2%, driven by higher raw material costs. The company reported that gravure packaging ink sales were solid, while demand for offset inks continued to decline. Dainichiseika also reported that the company continues to do well in the Indonesia ink market.