T. Hasegawa Flavours & Fragrances

What T. Hasegawa Flavours & Fragrances does

T. Hasegawa Flavours & Fragrances (長谷川香料株式会社) is a Tokyo-headquartered, publicly traded (TSE Prime, ticker 4958) B2B manufacturer of custom-developed flavor and fragrance compounds, founded in 1903 and operating for over 120 years. The company develops flavor compounds for food and beverage manufacturers (beverages, confectionery, dairy, processed foods, seasonings, oils, breads, health foods) and fragrance compounds for cosmetics, toiletry, and personal care manufacturers (perfumes, skincare, hair care, body care, bath products, detergents, fabric softeners, air fresheners). It maintains wholly-owned subsidiaries in the USA, Shanghai, and Malaysia, with international sales representing over 40% of consolidated revenue across 1,154 employees as of September 30, 2025.

The company combines analytical chemistry, organic synthesis, and perfumery/blending expertise behind a proprietary technology stack including the Aquaspace® humidified air headspace extraction method, NANOLYS® pre-liposome formulation for sensitive skin applications, Aroma Rainbow® and AVV® color-based sensory visualization tools, and physiological response measurement capabilities (NIRS, thermography, facial EMG, swallowing maps). Its branded product portfolio spans HASEAROMA® (natural flavors; 2015 Agricultural Chemistry Technology Award winner), aroma CAPTURE®, NANOLYS®, Carbon Enhancer® with patented Yuzunon®, MILK COLLOID®, BOOSTRACT® (with five patents), and proprietary specialty aroma compounds including DAMASCENOLIDE®, Beer Lactone, and Basil Thiol. Sustained R&D output is evidenced by ongoing academic publications and conference awards spanning 2014-2024.

The business model is sales-led B2B with quote-based custom pricing negotiated per contract under multi-year agreements. Sales staff engage directly with R&D departments of food, beverage, cosmetics, and personal care manufacturers in Japan and internationally, gathering requirements and orchestrating iterative sampling, evaluation, and refinement cycles before product adoption. The company supplements direct sales with academic publication, industry conferences (IFSCC, TEAC, FOOD STYLE JAPAN), and a thought-leadership content platform (HASEGAWA LETTER online). Beyond flavors and fragrances, it extends into natural extracts, fruit preparations, natural colors, and cosmetic ingredients, supporting functional and health-oriented reformulation needs such as sodium, sugar, and fat reduction while maintaining palatability.

Name

T. Hasegawa Flavours & Fragrances

Legal name

長谷川香料株式会社 (T. Hasegawa Co., Ltd.)

Website

https://t-hasegawa.co.jp

Company type

Public

Founded year

1903

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

T. Hasegawa Flavours & Fragrances is a 120-year-old Tokyo-headquartered B2B manufacturer of custom flavor and fragrance compounds serving food, beverage, cosmetics, toiletry and personal care manufacturers in Japan, USA, China and Malaysia, with international sales exceeding 40% of consolidated revenue.

Ownership category

akta.pro rank

Product category

Flavor and Fragrance Ingredients

NAICS

Flavoring Syrup and Concentrate Manufacturing (31193), Flavoring Syrup and Concentrate Manufacturing (311930), Food Manufacturing (311)

SIC

Food And Kindred Products (2000), Miscellaneous Food Preparations & Kindred Products (2090), Perfumes, Cosmetics & Other Toilet Preparations (2844)

akta.pro primary industry

Flavor Houses & Compound Flavor Manufacturing (AFAJADAA)

akta.pro secondary industries

Reaction Flavors & Process Flavors (Maillard, Roasted/Grilled/Meaty Notes) (AFAJADAD), Umami Enhancers & Savory Modulators (MSG, I+G, Yeast Extracts, HVP) (AFAJADAF), Flavor Modulators & Masking Agents (Bitter Blockers, Off-Note Maskers) (AFAJADAG), Fine Fragrance (Women’s/Men’s/Unisex) (CRABADAA), Flavorings & Extracts (Natural & Artificial) (CRADAOAA)

Keywords

• Flavor compounds
• Fragrance ingredients
• Natural aroma extracts
• Liposome cosmetics
• Sensory evaluation

Headquarters

HQ city

Shanghai

HQ country

China

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Technology or R&D, Supply Chain, Operations, Infrastructure, Marketing or Sales

Revenue model

1. B2B Flavor and Fragrance Ingredient Sales: Custom-formulated flavor compounds sold to food and beverage manufacturers, and fragrance compounds sold to cosmetics, personal care, and toiletry companies. Revenue derived from long-term customer partnerships with iterative product development cycles.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

T. Hasegawa is a comprehensive flavor and fragrance manufacturer that formulates and supplies custom flavor compounds for food and beverage manufacturers and custom fragrance compounds for cosmetics, toiletry, and personal care manufacturers. Beyond flavors and fragrances, it also produces natural extracts, fruit preparations, natural colors, and functional cosmetic ingredients such as pre-liposome formulations. Products are developed through iterative R&D with customer R&D teams based on proprietary analytical, synthesis, and blending technologies, and supplied as B2B ingredients under negotiated multi-year contracts.

Product overview

T. Hasegawa Flavours & Fragrances is a comprehensive flavor and fragrance manufacturer offering a portfolio of specialized products and technologies. The core offerings include HASEAROMA® (a natural flavor series using analysis, synthesis, and blending technologies), aroma CAPTURE® (a fragrance series capturing plant aromas), and NANOLYS® (a pre-liposome technology for sensitive skin applications). Additional products include specialty ingredients such as Carbon Enhancer® (carbonation enhancement), MILK COLLOID® (dairy-like thickness without dairy), and BOOSTRACT® (richness enhancement materials). The company also provides visualization technologies including AVV® (Aroma Value Visualizer), Aroma Rainbow® (color-based aroma expression), and Aroma Insight® (emotion-fragrance mapping), supported by core technologies like the Aquaspace® aroma collection method, synthesis technologies, and sensory evaluation capabilities.

Differentiator

Problem solved

Functional benefit

Brands

• HASEAROMA®: Natural-feeling flavour series developed using analysis, synthesis, and flavourist expertise, focusing on the authentic aroma of ingredients. Winner of the 2015 Agricultural Chemistry Technology Award.
• aroma CAPTURE®
• NANOLYS®
• DAMASCENOLIDE®
• BOOSTRACT®
• MILK COLLOID®
• Aquaspace®
• Aroma Rainbow®
• AVV® (Aroma Value Visualizer)
• ユズノン® (Yuzunon®)
• ビールラクトン® (Beer Lactone)
• バジルチオール® (Basil Thiol)

Products and services

• HASEAROMA® (ハセアロマ®) A natural flavor series that explores the original aroma of ingredients in detail using analysis, synthesis, and blending technologies to achieve natural-tasting flavors for food and beverage manufacturers. Winner of the 2015 Agricultural Chemistry Technology Award.
• aroma CAPTURE® (アロマキャプチャー®) A fragrance series that captures the natural aroma of plants at their best moment, combining analytical technology with perfumer's sensibility to express fresh, deep fragrances reminiscent of flowers in bloom.
• NANOLYS® (ナノリス®) A pre-liposome preparation that enables easy and large-scale manufacturing of high-functional liposomes for sensitive skin applications. The liposomes penetrate deep into the stratum corneum, improving barrier function and suppressing inflammatory factors.
• Carbon Enhancer® (炭酸エンサー®) / Yuzunon® (ユズノン®) A carbonation enhancement flavor that matches the stimulation of carbonation in beverages to provide a refreshing taste. The main component Yuzunon® was discovered from natural yuzu by the company.
• MILK COLLOID® (ミルクコロイド®) An emulsified flavor that provides dairy-like thickness without dairy ingredients, combining dairy fat-imparting edible oils with flavor-enhancing aroma components adjusted to particle sizes close to milk.
• BOOSTRACT® (ブーストラクト®) A richness enhancement material that utilizes various food ingredients as raw materials to provide 'ingredient-derived richness' and enhance characteristics of ingredients naturally with minimal usage.
• AVV® (Aroma Value Visualizer) A fragrance visualization tool that enables precision improvement in product development and enhanced value communication through color and mapping visualization, integrating expert panel evaluation, physiological response measurement, and color-based emotional expression.
• Natural Extracts, Fruit Preparations, Natural Colors and Cosmetic Ingredients Natural extracts, fruit preparations, natural colors, and cosmetic ingredients that extend beyond flavors and fragrances, supplied to food and beverage and cosmetics manufacturers.
• Aquaspace® Method A proprietary aroma collection method that captures natural, fresh fragrances from flowers and plants by introducing humidified air into the headspace without stressing the plant material, used to support natural flavor and fragrance development.

Quantifiable outcome

• NANOLYS® enables large-scale liposome production without high-pressure homogenizers; sub-100nm monolayer liposomes confirmed by TEM and dynamic light scattering
• +2 more outcomes

Named customers3 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature8 records

Partnerships

Ten partnerships are on record, tiered minor and core.

• Nikko Chemicals Co., Ltd. (日光ケミカルズ株式会社)minorStrategic or Co-development Partner · 22 September 2022Joint research collaboration on liposome structure evaluation using small-angle X-ray scattering (SAXS). Nikko Chemicals and T. Hasegawa collaborated to study characteristics of monolayer liposomes prepared using polyol methods, presented at the 73rd Colloid and Interface Chemistry Symposium.
• Nine Hours Co., Ltd. (株式会社ナインアワーズ)coreStrategic or Co-development PartnerMedium-to-long-term research partnership to study the effects of fragrance on sleep using Nine Hours' sleep analysis service and capsule hotel facilities for large-scale sleep data collection. Multiple studies on lavender, geranium, and lemongrass fragrances' impact on sleep quality, REM/NREM sleep ratios, and sleep apnea metrics.
• Waseda University (早稲田大学)minorStrategic or Co-development PartnerCollaborative research on lipase-based synthesis of rotundone (useful aroma compound from black pepper and Shiraz wine), and color-based sensory research for fragrance expression using Aroma Rainbow®.
• Tokyo University of Agriculture (東京農業大学)minorStrategic or Co-development PartnerJoint research on DAMASCENOLIDE® analog synthesis and odor evaluation, including development of 40+ analog compounds and their structure-odor relationships. Tokyo University of Agriculture's Molecular Design Laboratory collaborated on multiple fragrance chemistry publications.
• The University of Tokyo (東京大学)minorStrategic or Co-development PartnerCollaborative research on concise enantioselective synthesis of natural wine lactone via intramolecular Diels-Alder reaction, and eating experience research including swallowing support effects of fragrances and temporal sensory evaluation.
• Senshu University (専修大学)minorStrategic or Co-development PartnerJoint research with Professor Nakahara on consumer purchasing behavior analysis combined with aroma compound analysis for new food pairing approaches. Collaboration on wine and food combination analysis using association rules.
• Chuo University (中央大学)minorOthersResearch assistance on consumer purchasing behavior and food pairing analysis, contributing data analysis expertise to the Senshu University collaboration.
• Yokohama National University (横浜国立大学)minorStrategic or Co-development PartnerJoint research on QCM (quartz crystal microbalance) analysis of flavor emulsions and their interaction with lipid bilayers. Collaboration with Associate Professor Kawamura on oral cavity membrane simulation and emulsified flavor release characterization.
• Hiroshima University (広島大学)minorStrategic or Co-development PartnerJoint research on facial physiological responses to pleasant and unpleasant odors, studying the relationship between emotional responses and facial skin blood flow and prefrontal hemoglobin dynamics.
• T. HASEGAWA FLAVOURS (KUALA LUMPUR) SDN. BHD.coreChannel Partner/ Reseller/ DistributorOverseas subsidiary serving Malaysian and Southeast Asian markets for flavor and fragrance products. Conducted joint sensory research on durian varieties with local consumer panels in Malaysia.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Peers

• T.H.E. (Toyotsu Hasegawa Ecosystem?)" — skipped as not a real entity:

Direct peers

• Robertet: France-based natural ingredients and F&F company with a strong emphasis on natural raw materials and proprietary extraction. Closely comparable to T. Hasegawa in its focus on natural aroma capture technologies (akin to Aquaspace®) and custom formulation for premium F&B and personal-care customers.
• Mane: Privately-held French family-owned F&F house with strong perfumery heritage and a global flavor business. Comparable as a privately-held, family-style specialty F&F supplier targeting the same enterprise F&B and personal-care customer set as T. Hasegawa.
• Takasago International Corporation: Japan-headquartered flavor and fragrance manufacturer with a global manufacturing footprint. Most direct like-for-like peer to T. Hasegawa, sharing Japanese origins, B2B custom formulation model, and overlapping customer base across F&B, cosmetics and personal care.

Broad incumbents

• DSM-Firmenich: Combined nutrition, health and F&F house resulting from DSM's acquisition of Firmenich. Firmenich's perfumery and flavor business is a direct comparable to T. Hasegawa's core custom formulation and ingredient development for F&B and personal-care customers.
• Sensient Technologies: Specialty ingredients supplier including flavors, fragrances and natural colors for F&B and personal care. Overlaps with T. Hasegawa's ingredient portfolio (flavors, natural colors, cosmetic ingredients) and B2B custom formulation model, though broader in scope including food colors.
• International Flavors & Fragrances (IFF): Global F&F major formed through the merger of IFF and Frutarom, serving food, beverage, personal care and cosmetics customers worldwide. Closely comparable product portfolio and B2B custom formulation model to T. Hasegawa, with broader geographic and category reach.
• Givaudan: The world's largest flavor and fragrance house, offering both flavors and fragrances globally. Directly comparable to T. Hasegawa across product categories, customer base (F&B and personal care manufacturers), and custom formulation business model, but at significantly greater scale.
• Firmenich (pre-DSM combination legacy): Swiss-headquartered F&F major with deep perfumery and taste capabilities prior to DSM combination. Direct competitor to T. Hasegawa in custom fragrance and flavor development for global F&B and personal-care manufacturers, particularly in Asia.
• Symrise: Major German flavor and fragrance manufacturer with strong positions in taste, nutrition, and scent. Comparable as a broad-line F&F supplier targeting F&B and personal-care manufacturers with custom development, similar in business model to T. Hasegawa.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about T. Hasegawa Flavours & Fragrances