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Industrial Services

Shimizu Corp.

Business Summary

Shimizu Corp. engages in the business of construction and real estate development services. It operates through the following segments: Construction, Real Estate Business and Others. The Construction Business segment engages in the building construction and civil engineering services. The Real Estate Business segment engages in the sale, purchase, and rental of properties. The Others segment provides the engineering and other businesses operated by its subsidiaries. The company was founded by Kisuke Shimizu in 1804 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2023 JPYUSD
Gross Profit166,067M1,225.42M
Operating income54,648M403.25M
Income before tax75,344M555.97M
Net income49,058M362.00M
Diluted EPS66.290.48
Dividends Per Share210.15
Total Assets2,448.01B18,393.64M
Total liabilities1,540.72B11,576.59M
Total equity852,559M6,405.88M
Operating cash flow83,842M618.68M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 1,664.96B 1,698.29B 1,456.47B 1,482.96B 1,933.81B
Gross Profit 220,495M 228,596M 194,573M 144,870M 166,067M
Operating income 129,724M 133,895M 100,769M 45,146M 54,648M
Income before tax 143,219M 141,349M 110,843M 64,705M 75,344M
Net income 99,669M 98,978M 77,176M 47,760M 49,058M
EBITDA 143,028M 147,528M 117,479M 65,359M 80,446M
Diluted EPS 127.03 128.30 101.16 64.09 66.29
Dividends Per Share 36 38 30 23 21
Total Assets 1,860.79B 1,904.93B 1,908.67B 2,128.35B 2,448.01B
Total liabilities 1,125.54B 1,168.52B 1,087.22B 1,253.18B 1,540.72B
Total equity 729,416M 730,480M 815,289M 824,497M 852,559M
Operating cash flow -14,933M 170,557M 80,674M 77,772M 83,842M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 15,013.88M 15,619.95M 13,732.87M 13,196.81M 14,269.85M
Gross Profit 1,988.32M 2,102.50M 1,834.60M 1,289.19M 1,225.42M
Operating income 1,169.79M 1,231.49M 950.13M 401.75M 403.25M
Income before tax 1,291.48M 1,300.05M 1,045.12M 575.80M 555.97M
Net income 898.77M 910.34M 727.68M 425.01M 362.00M
EBITDA 1,289.76M 1,356.88M 1,107.69M 581.62M 593.62M
Diluted EPS 1.14 1.18 0.95 0.57 0.48
Dividends Per Share 0.32 0.34 0.28 0.20 0.15
Total Assets 16,811.61M 17,645.62M 17,273.06M 17,535.37M 18,393.64M
Total liabilities 10,168.92M 10,824.13M 9,839.12M 10,324.86M 11,576.59M
Total equity 6,590.01M 6,766.52M 7,378.18M 6,792.97M 6,405.88M
Operating cash flow -134.65M 1,568.68M 760.66M 692.08M 618.68M

Valuation Measures

Mar 2023
Operating margin2.82%
Profit margin2.53%

Key executives

  • President & Representative Director: Kazuyuki Inoue
  • Head-Finance & Investor Relations: Masakazu Hyodo
  • Director, EVP & General Manager-General Sales: Hiroshi Fujimura
  • Representative Director, EVP & Head-Administration: Kimio Handa
  • Representative Director & Executive Vice President: Toshiyuki Imaki


  • Shimizu Estate Co., Ltd. (9.8%)
  • Silchester International Investors LLP (5.3%)
  • Shimizu Foundation (5.1%)
  • Nomura Asset Management Co., Ltd. (3.9%)
  • Asset Management One Co., Ltd. (2.8%)
  • BlackRock Fund Advisors (2.4%)
  • Shimizu Employee Stock Ownership Plan (2.3%)
  • Housing Research Foundation Jusoken (2.3%)
  • The Vanguard Group, Inc. (1.9%)
  • Nikko Asset Management Co., Ltd. (1.8%)

Contact Details

  • Website:
  • Address: 2-16-1 Kyobashi, Chuo-Ku, Tokyo, 104-8370, Japan
  • Phone: +81.3.3561.1111

Related Companies

  • FaB-Tec Japan Corp.
  • Shimizu International Capital (Singapore) Pte Ltd.
  • Tama Medical PFI Corp.
  • Perigon International, Inc.
  • WDC Development Pte Ltd.
  • Shimizu Corp. (Malaysia)
  • Shimizu Corp. (Thailand)
  • Shimizu Corp. (Singapore)
  • Shimizu Corp. (Vietnam)
  • Shimizu Corp. (United Kingdom)
  • Shimizu Corp. (New York)
  • Shimizu Corporation (China) Ltd.
  • Shimizu Corporation India Pvt Ltd.
  • Shimizu Investment (Asia) Pte Ltd.
  • Shimizu Hungary Corp.
  • PT Shimizu Bangun Cipta Kontraktor
  • PT Dextam Contractors
  • Jeep Construction Co. Ltd.
  • Total Office Partner, Inc.
  • HokuseitochiCoLtd
  • Shimizu Building Life Care Kyushu Co. Ltd.
  • Shimizu Finance Co., Ltd.
  • Shimizu Comprehensive Development Corp.
  • Technology Network, Inc.
  • Daiichi Setsubi Engineering Corp.
  • SC Precon Co. Ltd.
  • Shimizu Building Life Care Kansai Co. Ltd.
  • TTK Co., Ltd. (Tokyo)
  • PD System Corp.
  • SC Machinery Corp.


    Last Updated on 8 Jun, 2023

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