Japan Material Technology Corporation Announces Domestic Startup Valuation Ranking in Chemical & Materials Sector (March 2026)

## Press Release Information Title: Japan Material Technology Corporation Announces Domestic Startup Valuation Ranking in Chemical & Materials Sector (March 2026) Subtitle: Company Name: Japan Material Technology Corporation Industry: Materials, Chemicals, Energy Japan Material Technology Corporation (Headquarters: Chuo-ku, Tokyo; President & CEO: Koyu Urata; hereinafter "the Company") operates the "JMTC Chemical & Materials Startup Webinar" (hereinafter "C&M Webinar"), which promotes matching between domestic startups and large corporations in the chemical & materials sector. The Company also disseminates information through its website (https://www.jmtc.co.jp/webinar/). This time, based on information from "SPEEDA Startup Information Research," we have created and published a valuation ranking of domestic startups in the chemical & materials sector as of the end of March 2026. Below, we will introduce domestic startups in the chemical & materials sector in ranking order, from highest to lowest corporate valuation. ### 1st Place: TBM Co., Ltd. (approx. 322.4 billion JPY) A company that develops, manufactures, and sells LIMEX, a new material primarily made from limestone. LIMEX is attracting attention as an alternative to paper and plastic, contributing to resource conservation and waste reduction. The company also engages in recycling businesses and decarbonization support, aiming to realize a sustainable society. (https://tb-m.com/) ### 2nd Place: JEPLAN, Inc. (approx. 39.0 billion JPY) With the philosophy of "circulating everything," this company aims to realize a resource-recycling society using recycling technology. It operates recycling businesses for clothing and PET bottles, and contributes to building a sustainable future through commercial plant operations and technology licensing. (https://www.jeplan.co.jp/) ### 3rd Place: Kyulux Co., Ltd. (approx. 32.7 billion JPY) A startup originating from Kyushu University, developing next-generation organic EL materials. Its unique "Hyperfluorescence™" technology achieves high-efficiency, long-life, and high-color-purity emission. It is rare-metal-free and cost-efficient, aiming to popularize sustainable display and lighting technologies. (https://www.kyulux.com/?lang=ja) ### 4th Place: Bioworks Co., Ltd. (approx. 28.0 billion JPY) This company develops "PlaX™," a next-generation material based on plant-derived polylactic acid (PLA), aiming to replace petroleum-derived plastics and synthetic fibers. It covers everything from material development to textile productization, contributing to environmental load reduction and the realization of a sustainable society through circular manufacturing. (https://bioworks.co.jp/) ### 5th Place: Tsubame BHB Co., Ltd. (approx. 17.1 billion JPY) A startup originating from Tokyo Tech, developing innovative technology that can produce ammonia at low temperatures and low pressures. By deploying small-scale ammonia production plants and enabling on-site supply, it aims to realize a sustainable society that does not rely on traditional large-scale centralized production. (https://tsubame-bhb.co.jp/) ### 6th Place: Meijo Nano Carbon Co., Ltd. (approx. 13.1 billion JPY) A company that manufactures and supplies high-purity, high-crystallinity carbon nanotubes (CNTs). It possesses advanced synthesis, purification, separation, and dispersion technologies, pursuing the potential of nanocarbons. It aims to create innovation through advanced materials and realize a sustainable future. (https://www.meijo-nano.com/) ### 7th Place: EF Polymer Co., Ltd. (approx. 11.0 billion JPY) A startup originating from Okinawa Institute of Science and Technology Graduate University (OIST), developing biodegradable superabsorbent polymers from food waste. It contributes to improving water use efficiency and stabilizing yields in the agricultural sector. Through resource-recycling material development, it aims to reduce environmental impact and realize a sustainable society. (https://efpolymer.jp/) ### 8th Place: Japan Material Technology Corporation (approx. 11.0 billion JPY) A company that develops, manufactures, and sells high-performance materials for fields such as information electronics. Through the social implementation of unique technologies, it contributes to a sustainable society and human development. It actively promotes research and development of advanced materials such as conductive material MXene and negative thermal expansion material BNFO. (https://group.jmtc.co.jp/) ### 9th Place: Atomis Co., Ltd. (approx. 10.8 billion JPY) A startup originating from Kyoto University, exploring new possibilities for gas utilization using next-generation porous material "PCP/MOF" technology. It broadly covers everything from material development to mass production technology and gas distribution system construction. It aims to realize a sustainable society through carbon recycling and other initiatives. (https://www.atomis.co.jp/) ### 10th Place: TOWING Co., Ltd. (approx. 9.8 billion JPY) A startup originating from Nagoya University, developing and providing next-generation food production systems centered on high-performance biochar and artificial soil utilizing soil microbial technology. It aims to reduce environmental impact and realize sustainable agriculture, also working on carbon credit businesses and applications to space agriculture, challenging global food and environmental issues. (https://towing.co.jp/) The Company, in addition to hosting the C&M Webinar, aims to contribute to the emergence of unicorn companies in Japan's chemical & materials industry by promoting collaboration between operating companies and startups through multifaceted approaches, including startup investments via JMTC Capital LLC (https://capital.jmtc.co.jp/). ### About JMTC Chemical & Materials Startup Webinar This is a membership-based pitch event where startups in the chemical & materials sector give presentations to listening companies such as chemical companies and trading companies. It started in April 2023 and has led to collaborations, including capital and business alliances, between operating companies and startups. https://www.jmtc.co.jp/webinar/ ### Japan Material Technology Corporation Inquiry Form https://www.jmtc.co.jp/contact/ ### Japan Material Technology Corporation Overview - Company Name: Japan Material Technology Corporation - Established: August 2015 - Capital: 300 million JPY (including capital reserve) - Representative: Koyu Urata, President & CEO - Business Description: Functional materials business - Company Website: https://www.jmtc.co.jp