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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 2021 JPYUSD
Gross Profit543,259M5,122.31M
Operating income392,214M3,698.12M
Income before tax402,145M3,791.76M
Net income293,733M2,769.56M
Diluted EPS706.256.65
Dividends Per Share2502.35
Total Assets3,380.61B30,593.80M
Total liabilities493,988M4,470.47M
Total equity2,815.15B25,476.48M
Operating cash flow401,176M3,782.63M
Currency in JPYCurrency in USD

Historical Data

 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 1,237.40B 1,441.43B 1,594.03B 1,543.52B 1,496.90B
Gross Profit 401,085M 514,330M 592,416M 553,572M 543,259M
Operating income 238,618M 336,823M 403,705M 406,041M 392,214M
Income before tax 242,133M 340,308M 415,311M 426,017M 402,145M
Net income 175,912M 266,236M 309,126M 314,027M 293,733M
EBITDA 331,705M 449,566M 541,974M 537,743M 536,675M
Diluted EPS 412.83 624.10 725.92 755.01 706.25
Dividends Per Share 120 140 200 220 250
Total Assets 2,655.63B 2,903.13B 3,038.71B 3,230.48B 3,380.61B
Total liabilities 465,551M 490,108M 506,160M 507,342M 493,988M
Total equity 2,132.98B 2,351.76B 2,466.74B 2,654.21B 2,815.15B
Operating cash flow 290,872M 332,776M 400,687M 412,384M 401,176M
 Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Revenue 11,427.03M 13,005.50M 14,374.32M 14,196.49M 14,114.10M
Gross Profit 3,703.89M 4,640.60M 5,342.15M 5,091.45M 5,122.31M
Operating income 2,203.55M 3,039.02M 3,640.43M 3,734.54M 3,698.12M
Income before tax 2,236.01M 3,070.47M 3,745.09M 3,918.27M 3,791.76M
Net income 1,624.49M 2,402.14M 2,787.56M 2,888.24M 2,769.56M
EBITDA 3,063.18M 4,056.26M 4,887.28M 4,945.86M 5,060.23M
Diluted EPS 3.81 5.63 6.54 6.94 6.65
Dividends Per Share 1.10 1.26 1.80 2.02 2.35
Total Assets 23,832.32M 27,297.94M 27,453.74M 29,924.36M 30,593.80M
Total liabilities 4,177.96M 4,608.44M 4,572.97M 4,699.56M 4,470.47M
Total equity 19,141.93M 22,113.46M 22,286.14M 24,586.29M 25,476.48M
Operating cash flow 2,686.10M 3,002.51M 3,613.22M 3,792.88M 3,782.63M

Valuation Measures

Mar 2021
Operating margin26.20%
Profit margin19.62%

Key executives

  • President & Representative Director: Yasuhiko Saitoh
  • Vice Chairman & Head-Technology: Fumio Akiya
  • Director, Head-Research & Development: Toshio Shiobara
  • MD, Manager-Personnel & General Affairs: Kenji Ikegami
  • Senior Managing Director & GM-Silicone Business: Susumu Ueno


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  • Norges Bank Investment Management (2.1%)

Contact Details

  • Website:
  • Address: Asahi Seimei Ote-machi Building, 2-6-1 Ote-machi, Tokyo, 100-0004, Japan
  • Phone: +81.3.3246.5011

Related Companies

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  • Shin-Etsu (Jiangyin) Guangbang Trading Co.
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  • Shin Etsu Chemical Trust
  • Shin-Etsu MicroSi, Inc.
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  • Asia Silicones Monomer Ltd.
  • Shin-Etsu Silicones (Thailand) Ltd.
  • Shin-Etsu Opto Electronic Co., Ltd.
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Last Updated on 21 Oct, 2021

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