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Electronic Technology

IBIDEN Co., Ltd.

Business Summary

IBIDEN Co., Ltd. engages in the manufacture and sale of electronics, ceramics, housing materials, and resin products. It operates through the following segments: Electronics, Ceramics, and Others. The Electronics segment covers printed wiring boards, package substrates, and pattern design for printed wiring boards. The Ceramics segment manufactures and sells environment-related ceramic products, graphite specialty products, ceramics fiber, and fine ceramic products. The Others segment processes synthetic resin, agricultural, and marine products; sells petroleum products, and provides information services. The company was founded on November 25, 1912 and is headquartered in Ogaki, Japan.

Financial Highlights

Mar 2023 JPYUSD
Gross Profit127,516M940.95M
Operating income72,364M533.98M
Income before tax71,702M529.09M
Net income52,187M385.09M
Diluted EPS373.732.75
Dividends Per Share500.36
Total Assets857,508M6,443.06M
Total liabilities431,900M3,245.17M
Total equity419,239M3,150.04M
Operating cash flow125,748M927.90M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 291,125M 295,999M 323,461M 401,138M 417,549M
Gross Profit 58,320M 68,154M 85,450M 120,079M 127,516M
Operating income 10,139M 19,687M 38,635M 70,821M 72,364M
Income before tax 9,326M 17,525M 32,165M 59,252M 71,702M
Net income 3,306M 11,330M 25,698M 41,232M 52,187M
EBITDA 35,275M 43,909M 74,069M 123,628M 127,378M
Diluted EPS 23.66 81.07 183.93 295.34 373.73
Dividends Per Share 35 35 35 40 50
Total Assets 423,056M 518,619M 578,518M 664,332M 857,508M
Total liabilities 146,746M 244,681M 256,651M 293,600M 431,900M
Total equity 270,863M 268,319M 315,914M 364,576M 419,239M
Operating cash flow 18,555M 26,096M 38,954M 108,372M 125,748M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 2,625.23M 2,722.43M 3,049.86M 3,569.71M 3,081.14M
Gross Profit 525.90M 626.84M 805.69M 1,068.57M 940.95M
Operating income 91.42M 181.07M 364.28M 630.23M 533.98M
Income before tax 84.09M 161.18M 303.27M 527.28M 529.09M
Net income 29.81M 104.20M 242.30M 366.92M 385.09M
EBITDA 318.09M 403.85M 698.38M 1,100.16M 939.93M
Diluted EPS 0.21 0.74 1.73 2.62 2.75
Dividends Per Share 0.31 0.32 0.33 0.35 0.36
Total Assets 3,822.16M 4,804.02M 5,235.45M 5,473.38M 6,443.06M
Total liabilities 1,325.79M 2,266.50M 2,322.63M 2,418.94M 3,245.17M
Total equity 2,447.15M 2,485.47M 2,858.95M 3,003.71M 3,150.04M
Operating cash flow 167.32M 240.01M 367.29M 964.39M 927.90M

Valuation Measures

Mar 2023
Operating margin17.33%
Profit margin12.49%


  • President, CEO & Representative Director: Takeshi Aoki
  • Executive Officer & Finance Manager: Hisashi Sano
  • Executive Officer: Kazushige Ohno
  • Representative Director, GM-Planning & Head-IR: Masahiko Ikuta
  • Managing Executive Officer: Sotaro Ito


  • Nomura Asset Management Co., Ltd. (5.7%)
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  • Nikko Asset Management Co., Ltd. (3.2%)
  • The Ogaki Kyoritsu Bank Ltd. (2.9%)
  • Juroku Financial Group, Inc. (2.9%)
  • Ibiden Business Association (2.9%)
  • The Vanguard Group, Inc. (2.6%)
  • BlackRock Fund Advisors (2.5%)
  • Nippon Life Insurance Co. (1.8%)

Contact Details

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Last Updated on 22 Sep, 2023

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