1887年に高峰譲吉氏・渋沢栄一氏・益田孝氏らが設立した東京人造肥料会社が起源。
国産の過燐酸肥料で日本農業を支え、1988年に石油化学から撤退して農薬・医薬品・機能性材料へ経営資源を集中した。液晶向け配向膜材料や半導体材料などの機能性材料で利益率45%を上げる化学メーカーである。
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