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Process Industries

DIC Corp.

Business Summary

DIC Corp. engages in the manufacture and sale of printing inks, organic pigments, and synthetic resins. It operates through the following segments: Packaging and Graphic, Color and Display, Functional Products, and Others. The Packaging and Graphic segment sells gravure, flexographic, security, offset and news inks, packaging adhesives, polystyrene, and coextruded multilayer films. The Color and Display segment includes products such as organic pigments, health food, natural colorants, and thin-film-transistor liquid-crystal display (TFT LCD). The Functional Products segment offers water-based, acrylic, epoxy, polyester and phenolic resins, Sulphur chemicals, magnetic tapes, and molded plastic products. The Others segment handles other products not mentioned in the above segments. The company was founded on February 15, 1908 and is headquartered in Tokyo, Japan.

Financial Highlights

Dec 2020 JPYUSD
Revenue701,223M6,567.69M
Gross Profit156,793M1,468.53M
Operating income39,663M371.48M
Income before tax25,102M235.10M
Net income13,233M123.94M
EBITDA72,387M677.98M
Diluted EPS139.801.30
Dividends Per Share1000.93
Total Assets817,950M7,922.41M
Total liabilities466,586M4,519.21M
Total equity318,491M3,084.80M
Operating cash flow54,462M510.09M
Currency in JPYCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 751,438M 789,427M 805,498M 768,568M 701,223M
Gross Profit 194,515M 198,601M 175,648M 165,369M 156,793M
Operating income 54,182M 56,483M 48,385M 40,781M 39,663M
Income before tax 49,896M 54,829M 48,836M 34,676M 25,102M
Net income 34,767M 38,603M 32,028M 23,500M 13,233M
EBITDA 86,999M 88,352M 81,366M 74,007M 72,387M
Diluted EPS 366.72 407.56 338.39 248.29 139.80
Dividends Per Share 100 120 125 100 100
Total Assets 764,828M 831,756M 801,296M 803,083M 817,950M
Total liabilities 457,811M 487,805M 473,962M 459,586M 466,586M
Total equity 278,535M 315,129M 298,896M 312,740M 318,491M
Operating cash flow 62,504M 54,196M 50,990M 50,637M 54,462M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 6,915.56M 7,040.05M 7,293.34M 7,050.38M 6,567.69M
Gross Profit 1,790.14M 1,771.10M 1,590.39M 1,516.99M 1,468.53M
Operating income 498.64M 503.71M 438.10M 374.10M 371.48M
Income before tax 459.19M 488.96M 442.18M 318.09M 235.10M
Net income 319.96M 344.25M 289.99M 215.57M 123.94M
EBITDA 800.66M 787.91M 736.72M 678.89M 677.98M
Diluted EPS 3.37 3.63 3.06 2.27 1.30
Dividends Per Share 0.92 1.07 1.13 0.91 0.93
Total Assets 6,557.44M 7,383.54M 7,303.43M 7,389.76M 7,922.41M
Total liabilities 3,925.15M 4,330.27M 4,319.93M 4,228.99M 4,519.21M
Total equity 2,388.09M 2,797.41M 2,724.29M 2,877.75M 3,084.80M
Operating cash flow 575.23M 483.31M 461.68M 464.51M 510.09M

Valuation Measures

Dec 2020
PER18.62
ROA1.63%
ROE4.19%
Operating margin5.65%
Profit margin1.88%

Key executives

  • President & Representative Director: Kaoru Ino
  • CFO, Director & Executive Officer: Shuji Furuta
  • Executive Officer, Senior General Manager-R&D: Toshiro Ariga
  • Managing Executive Officer & Senior GM-Technology: Kiyotaka Kawashima
  • Representative Director & Vice President: Toshifumi Tamaki

Shareholders

  • Shoei KK /Tokyo/ (13.3%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (5.0%)
  • Nomura Asset Management Co., Ltd. (5.0%)
  • T. Rowe Price International Ltd. (3.9%)
  • Asset Management One Co., Ltd. (3.8%)
  • Dai-ichi Life Holdings, Inc. (3.6%)
  • The Vanguard Group, Inc. (2.1%)
  • MS&AD Insurance Group Holdings, Inc. (2.1%)
  • Nikko Asset Management Co., Ltd. (2.0%)
  • Nippon Life Insurance Co. (1.9%)

Contact Details

Related Companies

  • DIC Corp. /Phenolic Resin Business/
  • Liaoning Tianqi Technology Co. Ltd. /Liquid Ink Packaging Bus/
  • Dic Board Benefit Trust
  • Dic Bbt Incentive Plan
  • BASF Colors & Effects USA LLC
  • BASF Colors & Effects GmbH
  • DIC Graphics Taiyuan Co. Ltd.
  • Deqing DIC Synthetic Resins Ltd.
  • DIC Korea Liquid Crystal Co. Ltd.
  • Qingdao DIC Liquid Crystal Co. Ltd.
  • Shanghai DIC Pressure-Sensitive Adhesive Materials Co. Ltd.
  • DIC (Guangzhou) Co. Ltd.
  • Sun Chemical (Hai'an) Ltd.
  • Lianyungang DIC Color Co. Ltd.
  • Zhongshan DIC Colour Co. Ltd.
  • Nantong DIC Color Co. Ltd.
  • DIC MainTor GmbH
  • DIC Korea Corp.
  • Qingdao DIC Finechemicals Co. Ltd.
  • DIC Graphics Chia Lung Corp.
  • Ideal Chemi Plast Pvt Ltd.
  • Lidye Chemical Co. Ltd.
  • Sun Chemical (South Africa) (Pty) Ltd.
  • Pacific Inks Ltd.
  • DIC (Malaysia) Sdn. Bhd.
  • DIC Graphics (Thailand) Co., Ltd.
  • PT DIC Graphics
  • DIC Philippines, Inc.
  • DIC New Zealand Ltd.
  • DIC Lanka (Pvt) Ltd.

Competitors

  • DuPont de Nemours, Inc.
  • BASF SE
  • Eternal Materials Co., Ltd.
  • Covestro AG
  • AK Holdings, Inc.
  • SK Chemicals Co., Ltd.
  • Cyanotech Corporation
  • Fermentalg SA
  • Applied DNA Sciences, Inc.
Last Updated on 15 Oct, 2021

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