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Process Industries

Nippon Shokubai Co., Ltd.

Business Summary

Nippon Shokubai Co., Ltd. engages in the manufacture and sale of industrial chemicals and catalysts. It operates through the following segments: Basic Chemicals, Functional Chemicals, and Environment & Catalysts. The Basic Chemicals segment offers acrylic acid, acrylic ester, ethylene oxide, glycol, ethanolamine, higher alcohol surfactant, and glycol ether. The Functional Chemicals segment covers super-absorbent polymers, pharmaceutical intermediates, polymers for concrete admixture, electronic and information materials, iodine, maleic anhydride, resins for paints and adhesives, plastic molded products, and processed adhesive materials. The Environment & Catalysts segment deals with exhaust gas treatment equipment, fuel cell materials, and catalysts. The company was founded on August 21, 1941 and is headquartered in Osaka, Japan.

Financial Highlights

Mar 2023 JPYUSD
Revenue419,568M3,096.04M
Gross Profit81,779M603.45M
Operating income23,548M173.76M
Income before tax24,250M178.94M
Net income19,391M143.08M
EBITDA52,860M390.06M
Diluted EPS488.243.60
Dividends Per Share1801.32
Total Assets523,319M3,932.06M
Total liabilities153,322M1,152.01M
Total equity362,231M2,721.69M
Operating cash flow41,447M305.84M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 338,869M 302,150M 273,163M 369,293M 419,568M
Gross Profit 67,810M 54,662M 49,276M 79,113M 81,779M
Operating income 25,212M 11,108M 6,131M 28,715M 23,548M
Income before tax 32,119M 15,748M -14,367M 30,313M 24,250M
Net income 23,849M 11,094M -10,899M 23,720M 19,391M
EBITDA 50,838M 39,761M 35,601M 57,590M 52,860M
Diluted EPS 598.04 278.20 -273.32 594.85 488.24
Dividends Per Share 170 180 90 180 180
Total Assets 481,668M 475,641M 471,617M 518,151M 523,319M
Total liabilities 152,441M 149,533M 147,893M 167,028M 153,322M
Total equity 323,008M 319,698M 317,373M 343,882M 362,231M
Operating cash flow 35,918M 37,499M 35,277M 35,058M 41,447M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 3,055.77M 2,779.00M 2,575.61M 3,286.32M 3,096.04M
Gross Profit 611.48M 502.75M 464.61M 704.02M 603.45M
Operating income 227.35M 102.16M 57.80M 255.53M 173.76M
Income before tax 289.63M 144.84M -135.46M 269.75M 178.94M
Net income 215.05M 102.03M -102.76M 211.08M 143.08M
EBITDA 458.43M 365.69M 335.67M 512.49M 390.06M
Diluted EPS 5.39 2.55 -2.57 5.29 3.60
Dividends Per Share 1.53 1.65 0.84 1.60 1.32
Total Assets 4,351.70M 4,405.91M 4,268.02M 4,269.00M 3,932.06M
Total liabilities 1,377.25M 1,385.14M 1,338.39M 1,376.13M 1,152.01M
Total equity 2,918.26M 2,961.40M 2,872.15M 2,833.21M 2,721.69M
Operating cash flow 323.89M 344.89M 332.62M 311.97M 305.84M

Valuation Measures

Mar 2023
PER10.81
ROA3.72%
ROE5.49%
Operating margin5.61%
Profit margin4.62%

Management

  • President & Representative Director: Kazuhiro Noda
  • Executive Officer & General Manager-Finance: Shigeru Harada
  • Representative Director & Head-Technology: Jiro Iriguchi
  • Director, GM-Personnel & Senior Head-IT: Kuniaki Takagi
  • Director, Head-Research & Development: Yasutaka Sumita

Shareholders

  • Silchester International Investors LLP (12.4%)
  • Sumitomo Chemical Co., Ltd. (6.6%)
  • ENEOS Holdings, Inc. (5.2%)
  • Nippon Shokubai Co., Ltd. (3.5%)
  • Resona Holdings, Inc. (3.3%)
  • Sanyo Chemical Industries Ltd. (3.1%)
  • The Vanguard Group, Inc. (2.6%)
  • Mizuho Financial Group, Inc. (2.5%)
  • Nomura Asset Management Co., Ltd. (2.2%)
  • Toyo Ink SC Holdings Co. Ltd. (2.2%)

Contact Details

Related Companies

  • Nippon Shokubai Board Incentive Plan
  • Nippon Shokubai America Industries, Inc.
  • Nisshoku Trading (Shanghai) Co. Ltd.
  • Rena Therapeutics, Inc.
  • Nisshoku Chemical Industry (Zhangjiagang) Co., Ltd.
  • Nippon Shokubai Pension Fund
  • Nippon Shokubai (Asia) Pte Ltd.
  • Japan-Singapore EOG Co., Ltd.
  • Nippon Polymer Industries Co., Ltd.
  • Nihon Methacryl Monomer Co., Ltd.
  • Sirrus, Inc.
  • Nihon Jyoryu Kogyo Co., Ltd.
  • Shinritsu Co. Ltd.
  • Nisshoku Engineering Service KK
  • Tokyo Fine Chemical Co., Ltd.
  • Chugoku Kako Co., Ltd.
  • Sino-Japan Chemical Co., Ltd.
  • Nippon Nyukazai Co. Ltd.
  • Sumitomo Chemical Co. Ltd. /Acryl Ate Ops/
  • Nisshoku Butsuryu Co., Ltd.
  • Sumika Glacial Acrylic Pte Ltd
  • Singapore Acrylic Pte Ltd

Competitors

  • Arkema SA
  • Oriental Union Chemical Corp.
  • Wuxi Acryl Technology Co., Ltd. Class A
Last Updated on 22 Sep, 2023

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