ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon PrintIcon Twitter
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
Revenue1,496.90B14,114.10M
Gross Profit543,259M5,122.31M
Operating income392,214M3,698.12M
Income before tax402,145M3,791.76M
Net income293,733M2,769.56M
EBITDA536,675M5,060.23M
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
PER26.33
ROA8.88%
ROE10.74%
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

Shareholders

  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (5.8%)
  • Nomura Asset Management Co., Ltd. (5.8%)
  • Nippon Life Insurance Co. (4.9%)
  • Capital Research & Management Co. (World Investors) (3.4%)
  • The Hachijuni Bank, Ltd. (2.8%)
  • Nikko Asset Management Co., Ltd. (2.6%)
  • Daiwa Asset Management Co. Ltd. (2.6%)
  • Meiji Yasuda Life Insurance Co. (2.5%)
  • The Vanguard Group, Inc. (2.3%)
  • Norges Bank Investment Management (2.1%)

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 Electronics Materials Taiwan Co., Ltd.
  • Shin-Etsu YOFC (Hubei) Optical Preform Co., Ltd.
  • Shin-Etsu (Jiangyin) Guangbang Trading Co.
  • Shin-Etsu Silicone Intl Trading (Shanghai) Co., Ltd. Guangzhou
  • Shin-Etsu Advanced Materials Korea Co., Ltd.
  • Maruki Chemical Ind Co., Ltd.
  • Shin-Etsu do Brasil Representacao de Produtos Quimicos Ltda.
  • Shin-Etsu Bio, Inc.
  • 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 Electronics Materials Vietnam Co. Ltd.
  • Pacific Biocontrol Corp.
  • PT Shin-Etsu Magnetics Indonesia
  • Shin-Etsu (Jiangsu) Optical Preform Co., Ltd.
  • 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.

Competitors

  • Dow, Inc.
  • KCC Corporation
  • Wacker Chemie AG
  • DuPont de Nemours, Inc.
  • Sumitomo Chemical Co., Ltd.
  • Eternal Materials Co., Ltd.
  • Hubei Xingfa Chemicals Group Co., Ltd. Class A
  • Borregaard ASA
  • Formosa Plastics Corporation
  • Westlake Chemical Corporation
  • Topco Scientific Co., Ltd.
  • Neo Performance Materials, Inc.
  • WonIk Co.LTD
  • Ferroglobe PLC
  • Daqo New Energy Corp Sponsored ADR
  • DuPont de Nemours, Inc.
  • Chemtrade Logistics Income Fund
  • Daejoo Electronic Materials Co., Ltd.
  • GlobalWafers Co., Ltd.
  • Siltronic AG
  • Superior Plus Corp
  • Lumax International Corp. Ltd.
  • Min Aik Technology Co., Ltd.
  • Soitec SA
  • Topco Technologies Corp.
Last Updated on 24 Sep, 2021

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this monthThis is your last free article this month

Stay ahead with our exclusives on Asia;
the most dynamic market in the world.

Stay ahead with our exclusives on Asia

Get trusted insights from experts within Asia itself.

Get trusted insights from experts
within Asia itself.

Try 1 month for $0.99

You have {{numberArticlesLeft}} free article{{numberArticlesLeft-plural}} left this month

This is your last free article this month

Stay ahead with our exclusives on Asia; the most
dynamic market in the world
.

Get trusted insights from experts
within Asia itself.

Try 3 months for $9

Offer ends July 31st

Your trial period has expired

You need a subscription to...

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers and subscribe

Your full access to Nikkei Asia has expired

You need a subscription to:

  • Read all stories with unlimited access
  • Use our mobile and tablet apps
See all offers
NAR on print phone, device, and tablet media

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