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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 2021 JPYUSD
Gross Profit194,573M1,834.60M
Operating income100,769M950.13M
Income before tax110,843M1,045.12M
Net income77,176M727.68M
Diluted EPS101.160.95
Dividends Per Share300.28
Total Assets1,908.67B17,273.06M
Total liabilities1,087.22B9,839.12M
Total equity815,289M7,378.18M
Operating cash flow80,674M760.66M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 1,567.42B 1,519.43B 1,664.96B 1,698.29B 1,456.47B
Gross Profit 209,621M 206,076M 220,495M 228,596M 194,573M
Operating income 128,837M 121,374M 129,724M 133,895M 100,769M
Income before tax 137,098M 128,326M 143,219M 141,349M 110,843M
Net income 98,946M 84,978M 99,669M 98,978M 77,176M
EBITDA 140,499M 133,773M 143,028M 147,528M 117,479M
Diluted EPS 126.07 108.26 127.03 128.30 101.16
Dividends Per Share 26 26 36 38 30
Total Assets 1,688.19B 1,780.94B 1,860.79B 1,904.93B 1,908.67B
Total liabilities 1,111.31B 1,124.61B 1,125.54B 1,168.52B 1,087.22B
Total equity 571,774M 650,852M 729,416M 730,480M 815,289M
Operating cash flow 143,668M 82,879M -14,933M 170,557M 80,674M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 14,474.68M 13,709.30M 15,013.88M 15,619.95M 13,732.87M
Gross Profit 1,935.78M 1,859.34M 1,988.32M 2,102.50M 1,834.60M
Operating income 1,189.76M 1,095.11M 1,169.79M 1,231.49M 950.13M
Income before tax 1,266.05M 1,157.83M 1,291.48M 1,300.05M 1,045.12M
Net income 913.73M 766.72M 898.77M 910.34M 727.68M
EBITDA 1,297.46M 1,206.98M 1,289.76M 1,356.88M 1,107.69M
Diluted EPS 1.16 0.97 1.14 1.18 0.95
Dividends Per Share 0.24 0.23 0.32 0.34 0.28
Total Assets 15,150.29M 16,746.05M 16,811.61M 17,645.62M 17,273.06M
Total liabilities 9,973.20M 10,574.61M 10,168.92M 10,824.13M 9,839.12M
Total equity 5,131.23M 6,119.90M 6,590.01M 6,766.52M 7,378.18M
Operating cash flow 1,326.72M 747.78M -134.65M 1,568.68M 760.66M

Valuation Measures

Mar 2021
Operating margin6.91%
Profit margin5.29%

Key executives

  • Executive President & Representative Director: Kazuyuki Inoue
  • Head-Finance & Investor Relations: Masakazu Hyodo
  • Manager-Technology Research & Head-Technology: Yutaka Ishikawa
  • Director, EVP & General Manager-General Sales: Hiroshi Fujimura
  • Representative Director & Executive Vice President: Toshiyuki Imaki


  • Shimizu Estate Co., Ltd. (8.1%)
  • Shimizu Corp. (6.0%)
  • Shimizu Foundation (4.8%)
  • Nomura Asset Management Co., Ltd. (4.6%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (2.7%)
  • Housing Research Foundation Jusoken (2.2%)
  • Shimizu Employee Stock Ownership Plan (2.1%)
  • Daiwa Asset Management Co. Ltd. (1.8%)
  • Nikko Asset Management Co., Ltd. (1.8%)
  • The Vanguard Group, Inc. (1.7%)

Contact Details

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

Related Companies

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  • 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 29 Nov, 2021

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