ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
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 2022 JPYUSD
Gross Profit144,870M1,289.19M
Operating income45,146M401.75M
Income before tax64,705M575.80M
Net income47,760M425.01M
Diluted EPS64.090.57
Dividends Per Share230.20
Total Assets2,128.35B17,535.37M
Total liabilities1,253.18B10,324.86M
Total equity824,497M6,792.97M
Operating cash flow77,772M692.08M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 1,519.43B 1,664.96B 1,698.29B 1,456.47B 1,482.96B
Gross Profit 206,076M 220,495M 228,596M 194,573M 144,870M
Operating income 121,374M 129,724M 133,895M 100,769M 45,146M
Income before tax 128,326M 143,219M 141,349M 110,843M 64,705M
Net income 84,978M 99,669M 98,978M 77,176M 47,760M
EBITDA 133,773M 143,028M 147,528M 117,479M 65,359M
Diluted EPS 108.26 127.03 128.30 101.16 64.09
Dividends Per Share 26 36 38 30 23
Total Assets 1,780.94B 1,860.79B 1,904.93B 1,908.67B 2,128.35B
Total liabilities 1,124.61B 1,125.54B 1,168.52B 1,087.22B 1,253.18B
Total equity 650,852M 729,416M 730,480M 815,289M 824,497M
Operating cash flow 82,879M -14,933M 170,557M 80,674M 77,772M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 13,709.30M 15,013.88M 15,619.95M 13,732.87M 13,196.81M
Gross Profit 1,859.34M 1,988.32M 2,102.50M 1,834.60M 1,289.19M
Operating income 1,095.11M 1,169.79M 1,231.49M 950.13M 401.75M
Income before tax 1,157.83M 1,291.48M 1,300.05M 1,045.12M 575.80M
Net income 766.72M 898.77M 910.34M 727.68M 425.01M
EBITDA 1,206.98M 1,289.76M 1,356.88M 1,107.69M 581.62M
Diluted EPS 0.97 1.14 1.18 0.95 0.57
Dividends Per Share 0.23 0.32 0.34 0.28 0.20
Total Assets 16,746.05M 16,811.61M 17,645.62M 17,273.06M 17,535.37M
Total liabilities 10,574.61M 10,168.92M 10,824.13M 9,839.12M 10,324.86M
Total equity 6,119.90M 6,590.01M 6,766.52M 7,378.18M 6,792.97M
Operating cash flow 747.78M -134.65M 1,568.68M 760.66M 692.08M

Valuation Measures

Mar 2022
Operating margin3.04%
Profit margin3.22%

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. (8.8%)
  • Shimizu Corp. (6.0%)
  • Silchester International Investors LLP (5.0%)
  • Shimizu Foundation (4.8%)
  • Nomura Asset Management Co., Ltd. (4.0%)
  • Asset Management One Co., Ltd. (2.6%)
  • Shimizu Employee Stock Ownership Plan (2.2%)
  • Housing Research Foundation Jusoken (2.2%)
  • The Vanguard Group, Inc. (1.8%)
  • Daiwa Asset Management Co. Ltd. (1.7%)

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 7 Dec, 2022

    Discover the all new Nikkei Asia app

    • Take your reading anywhere with offline reading functions
    • Never miss a story with breaking news alerts
    • Customize your reading experience

    Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

    Celebrate our next chapter
    Free access for everyone - Sep. 30

    Find out more