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Process Industries

Shin-Etsu Chemical Co., Ltd.

Business Summary

Shin-Etsu Chemical Co., Ltd. engages in the manufacture and sale of industrial chemicals. Its operations are carried out through the following segments: Polyvinyl Chloride (PVC)/Chlor-Alkali Business, Silicone Business, Specialty Chemicals Business, Semiconductor Silicon Business, Electronics and Functional Materials Business, and Diversified Business. The PVC/Chlor-Alkali Business segment provides PVC, caustic soda, methanol, and chloromethane. The Silicone Business segment provides silicones. The Specialty Chemicals Business segment provides cellulose derivatives, silicon metal, polyvinyl alcohol, and synthetic pheromones. The Semiconductor Silicon Business segment provides silicon wafer products. The Electronics and Functional Materials Business segment provides rare earth magnets, coating materials, photomask blanks, oxide single crystals, and liquid fluoroelastomers. The Diversified Business segment includes processed plastics, international trading, engineering, ad information processing. The company was founded on September 16, 1926 and is headquartered in Tokyo, Japan.

Financial Highlights

Mar 2019 JPYUSD
Revenue1,594.03B14,374.32M
Gross Profit592,416M5,342.15M
Operating income403,705M3,640.43M
Income before tax415,311M3,745.09M
Net income309,126M2,787.56M
EBITDA541,974M4,887.28M
Diluted EPS725.926.54
Dividends Per Share2001.80
Total Assets3,038.71B27,453.74M
Total liabilities506,160M4,572.97M
Total equity2,466.74B22,286.14M
Operating cash flow400,687M3,613.22M
Currency in JPYCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 1,255.54B 1,279.80B 1,237.40B 1,441.43B 1,594.03B
Gross Profit 342,019M 384,248M 401,085M 514,330M 592,416M
Operating income 185,329M 208,525M 238,618M 336,823M 403,705M
Income before tax 198,025M 220,005M 242,133M 340,308M 415,311M
Net income 128,606M 148,840M 175,912M 266,236M 309,126M
EBITDA 282,247M 308,991M 331,705M 449,566M 541,974M
Diluted EPS 301.98 349.42 412.83 624.10 725.92
Dividends Per Share 100 110 120 140 200
Total Assets 2,452.30B 2,510.08B 2,655.63B 2,903.13B 3,038.71B
Total liabilities 439,595M 429,620M 465,551M 490,108M 506,160M
Total equity 1,960.46B 2,028.52B 2,132.98B 2,351.76B 2,466.74B
Operating cash flow 243,459M 281,643M 290,872M 332,776M 400,687M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 11,428.93M 10,657.57M 11,427.03M 13,005.50M 14,374.32M
Gross Profit 3,113.32M 3,199.81M 3,703.89M 4,640.60M 5,342.15M
Operating income 1,687.01M 1,736.48M 2,203.55M 3,039.02M 3,640.43M
Income before tax 1,802.57M 1,832.08M 2,236.01M 3,070.47M 3,745.09M
Net income 1,170.67M 1,239.46M 1,624.49M 2,402.14M 2,787.56M
EBITDA 2,569.23M 2,573.11M 3,063.18M 4,056.26M 4,887.28M
Diluted EPS 2.74 2.90 3.81 5.63 6.54
Dividends Per Share 0.91 0.91 1.10 1.26 1.80
Total Assets 20,448.66M 22,332.71M 23,832.32M 27,297.94M 27,453.74M
Total liabilities 3,665.58M 3,822.41M 4,177.96M 4,608.44M 4,572.97M
Total equity 16,347.45M 18,048.21M 19,141.93M 22,113.46M 22,286.14M
Operating cash flow 2,216.15M 2,345.37M 2,686.10M 3,002.51M 3,613.22M

Valuation Measures

Mar 2019
PER12.78
ROA10.40%
ROE12.83%
Operating margin25.32%
Profit margin19.39%

Key executives

  • President & Representative Director: Yasuhiko Saitoh
  • Vice Chairman & Head-Technology: Fumio Akiya
  • Senior MD, Manager-Research & Development: Toshinobu Ishihara
  • Senior Managing Director & GM-Silicone Business: Susumu Ueno
  • Director & Manager-Accounting: Toshiyuki Kasahara

Shareholders

  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (5.4%)
  • Nippon Life Insurance Co. (5.2%)
  • Nomura Asset Management Co., Ltd. (5.0%)
  • Capital Research & Management Co. (World Investors) (3.1%)
  • The Hachijuni Bank, Ltd. (2.8%)
  • Norges Bank Investment Management (2.6%)
  • The Vanguard Group, Inc. (2.5%)
  • Meiji Yasuda Life Insurance Co. (2.5%)
  • Nikko Asset Management Co., Ltd. (2.3%)
  • Daiwa Asset Management Co. Ltd. (2.2%)

Contact Details

  • Website:http://www.shinetsu.co.jp
  • Address: Asahi Seimei Ote-machi Building, 2-6-1 Ote-machi, Tokyo, 100-0004, Japan
  • Phone: +81.3.3246.5011

Related Companies

  • Shin-Etsu Silicones Europe BV Zweigniederlassung Deutschland
  • Shin-Etsu Singapore Pvt Ltd. (India)
  • Shin-Etsu Magnetics Europe GmbH
  • Shin-Etsu Magnetic Materials Vietnam Co. Ltd.
  • Shin-Etsu Electronic Materials Vietnam Co. Ltd.
  • Pacific Biocontrol Corp.
  • PT Shin-Etsu Magnetics Indonesia
  • Shin-Etsu Magnetics (Thailand) Ltd.
  • Shin-Etsu Handotai Singapore Pte Ltd.
  • Shin-Etsu Silicone (Nantong) Co. Ltd.
  • Zhejiang Shin-Etsu High-Tech Chemical Co. Ltd.
  • Shin-Etsu Silicone International Trading (Shanghai) Co., Ltd.
  • Shin-Etsu Singapore Pte Ltd.
  • Shin-Etsu Technology (Suzhou) Co. Ltd.
  • Shin Etsu Chemical Trust
  • Shin-Etsu MicroSi, Inc.
  • Shin-Etsu Silicone Taiwan Co., Ltd.
  • Asia Silicones Monomer Ltd.
  • Shin-Etsu Silicones (Thailand) Ltd.
  • Shin-Etsu Opto Electronic Co., Ltd.
  • Shin-Etsu Electronics Materials Singapore Pte Ltd.
  • Shin-Etsu Polymer Singapore Pte Ltd.
  • Previnil Empresa Preparadora de Compostos Vinilicos SA
  • Bamiso Producao e Servicos Energeticos SA
  • Shin-Etsu Silicones Europe BV
  • Shinano Polymer Co. Ltd.
  • Shinetsu Techno Service KK
  • Shin Etsu Film Co. Ltd.
  • Shin Etsu Finetech Co. Ltd.
  • Compuestos y Granzas SA

Competitors

  • Evonik Industries AG
  • Dow, Inc.
  • DuPont de Nemours, Inc.
  • KCC Corporation
  • DuPont de Nemours, Inc.
  • Eternal Materials Co., Ltd.
  • Wacker Chemie AG
  • Sumitomo Chemical Co., Ltd.
  • Westlake Chemical Corporation
  • Neo Performance Materials, Inc.
  • Topco Scientific Co., Ltd.
  • Entegris, Inc.
  • Siltronic AG
  • Superior Plus Corp
  • WonIk Co.LTD
  • Formosa Petrochemical Corp
  • General Silicones Co., Ltd.
  • Soitec SA
  • Topco Technologies Corp.
Last Updated on 6 Dec, 2019

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