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Process Industries

Seiren Co., Ltd.

Business Summary

Seiren Co., Ltd. engages in the manufacture and sale of textile products, chemicals, industrial machines, and electronic parts. It operates through the following segments: Automotive Interior, High Fashion, Electronics, Environment and Life Materials, Medical, and Other. The Automotive Interior segment develops, manufactures, and sells materials for car and train interiors, airbags, and decorative parts. The High Fashion segment plans, manufactures, and sells textile products including fashion apparel, sportswear, innerwear, and custom-made merchandise. The Electronics segment offers conductive fabrics, high-density mesh materials, antistatic non-dusting fibers, high-performance wiping cloth, and Viscotec systems. The Environment and Life Materials provides health and environment-friendly materials including light-shielding, moisture-permeable waterproof sheets and upholstery materials, nursing care-related products, interior items, special apparel, and fast-acting deodorizers. The Medical segment develops Sericin, a natural protein derived from silkworm cocoons, cosmetics, water purifiers and filters, and medical and deodorizing products. The Other segment deals with insurance agency, temporary staffing, and real estate rental and management businesses. The company was founded by Eijiro Kurokawa and Ihachi Ueda in 1889 and is headquartered in Fukui, Japan.

Financial Highlights

Mar 2020 JPYUSD
Revenue120,258M1,106.06M
Gross Profit31,092M285.96M
Operating income10,503M96.60M
Income before tax11,072M101.83M
Net income8,551M78.64M
EBITDA15,623M143.69M
Diluted EPS152.361.40
Dividends Per Share360.33
Total Assets126,480M1,171.59M
Total liabilities46,752M433.06M
Total equity78,998M731.76M
Operating cash flow15,356M141.23M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 107,211M 108,107M 114,773M 122,702M 120,258M
Gross Profit 26,240M 27,684M 30,605M 30,352M 31,092M
Operating income 8,234M 9,648M 10,774M 10,587M 10,503M
Income before tax 8,858M 10,102M 10,252M 11,621M 11,072M
Net income 6,130M 7,026M 6,931M 8,227M 8,551M
EBITDA 13,029M 14,370M 15,525M 15,468M 15,623M
Diluted EPS 102.27 116.98 115.23 137.66 152.36
Dividends Per Share 24 30 30 35 36
Total Assets 111,241M 112,588M 122,216M 126,747M 126,480M
Total liabilities 43,596M 41,211M 44,382M 51,212M 46,752M
Total equity 67,179M 70,963M 77,391M 74,668M 78,998M
Operating cash flow 10,570M 11,935M 10,983M 8,608M 15,356M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 892.79M 998.33M 1,035.55M 1,106.47M 1,106.06M
Gross Profit 218.51M 255.65M 276.13M 273.70M 285.96M
Operating income 68.56M 89.09M 97.20M 95.46M 96.60M
Income before tax 73.76M 93.28M 92.50M 104.79M 101.83M
Net income 51.04M 64.88M 62.53M 74.18M 78.64M
EBITDA 108.49M 132.70M 140.07M 139.48M 143.69M
Diluted EPS 0.85 1.08 1.03 1.24 1.40
Dividends Per Share 0.19 0.27 0.27 0.31 0.33
Total Assets 989.73M 1,010.39M 1,149.18M 1,145.11M 1,171.59M
Total liabilities 387.88M 369.83M 417.32M 462.68M 433.06M
Total equity 597.70M 636.83M 727.70M 674.59M 731.76M
Operating cash flow 88.02M 110.21M 99.09M 77.62M 141.23M

Valuation Measures

Mar 2020
PER8.46
ROA6.75%
ROE11.12%
Operating margin8.73%
Profit margin7.11%

Key executives

  • Chairman & Chief Executive Officer: Tatsuo Kawada
  • President, COO & Representative Director: Koji Tsubota
  • Director, Executive Officer, Manager-R&D Group: Hideyuki Yamada
  • Director, Head-Information Systems & Procurement: Koji Kawada
  • Representative Director, EVP & Head-Overseas: Hui Yu

Shareholders

  • Seiren Co., Ltd. (14.1%)
  • Sumitomo Mitsui DS Asset Management Co., Ltd. (8.2%)
  • Hokuhoku Financial Group, Inc. (4.1%)
  • Asahi Kasei Corp. (3.7%)
  • Nomura Asset Management Co., Ltd. (3.2%)
  • Seiren Kyoeikai Association (3%)
  • Nippon Life Insurance Co. (2.3%)
  • Dai-ichi Life Holdings, Inc. (2.2%)
  • Norges Bank Investment Management (2.2%)
  • The Vanguard Group, Inc. (1.8%)

Contact Details

Related Companies

  • Seiren India Pte Ltd.
  • Seiren Shanghai Co., Ltd.
  • Seiren Viscotec Mexico SA de CV
  • Seiren Electronics (Suzhou) Co. Ltd.
  • Seiren Alma Co., Ltd.
  • PT Seiren Indonesia
  • Seiren India Pvt Ltd.
  • Seiren Design Center North America, LLC
  • Depro, Inc.
  • Seiren Housing Co. Ltd.
  • Seiren Electronics Co., Ltd.
  • Nagoya Seiren Co., Ltd.
  • Seiren Aucus Co. Ltd.
  • KB SeirenLtd
  • Seiren Shoji Co., Ltd.
  • Seiren KP Co., Ltd.
  • Seiren Cosmo Co., Ltd.
  • Gunsen Co. Ltd.
  • KST World Corp.
  • Seiren North America, LLC
  • KB Seiren Co., Ltd.
  • Seiren Kyoeikai Association
  • Seiren Employee Stock Ownership Plan

Competitors

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