PURPOSE:To obtain the titled adhesive by incorporating an adhesive with cockroach repellent-encapsulated microcapsules to maintain the activity of said repellent during adhesive stocking, thus effecting high persistence in the activity. CONSTITUTION:The objective adhesive can be obtained by incorporating an adhesive with cockroach repellent-encapsulated microcapsules. In using this adhesive, it is recommended that veneer 1 and decorated veneer 2 are laminated through adhesive layer 3 to make plywood A.