Misawa Ceramic Chemical Co., Ltd. - 4230- Profile

Misawa Ceramic Chemical Co., Ltd. was established as Hamano Shoji Kabushiki Kaisha in 1920. The company joined Misawa Homes Group in 1984 and changed its name to Misawa Ceramic Chemical Co., Ltd. in October 1987, and merged into Misawa Ceramics Corp. on April 1, 1997. The company was engaged in the manufacture and sale of ceramic housing materials and related works, papermaking chemicals, other chemical products and textile products. Ceramic housing materials accounted for 66% of fiscal 1997 revenues; chemical products, 30% and wholesale of textile products, 4%. The company had one consolidated subsidiary in Japan. Misawa Homes Co., Ltd. and Ichiro Hamano, who was the director and advisor of the company, were the major shareholders with 32.28% and 20.00% of issued stock respectively.