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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 2022 JPYUSD
Revenue2,074.42B18,460.25M
Gross Profit864,989M7,697.50M
Operating income672,683M5,986.17M
Income before tax696,137M6,194.89M
Net income500,118M4,450.53M
EBITDA841,471M7,488.21M
Diluted EPS1,202.8110.70
Dividends Per Share4003.55
Total Assets4,053.41B33,395.77M
Total liabilities624,202M5,142.75M
Total equity3,329.29B27,429.85M
Operating cash flow553,528M4,925.82M
Currency in JPYCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 1,441.43B 1,594.03B 1,543.52B 1,496.90B 2,074.42B
Gross Profit 514,330M 592,416M 553,572M 543,259M 864,989M
Operating income 336,823M 403,705M 406,041M 392,214M 672,683M
Income before tax 340,308M 415,311M 426,017M 402,145M 696,137M
Net income 266,236M 309,126M 314,027M 293,733M 500,118M
EBITDA 449,566M 541,974M 537,743M 536,675M 841,471M
Diluted EPS 624.10 725.92 755.01 706.25 1,202.81
Dividends Per Share 140 200 220 250 400
Total Assets 2,903.13B 3,038.71B 3,230.48B 3,380.61B 4,053.41B
Total liabilities 490,108M 506,160M 507,342M 493,988M 624,202M
Total equity 2,351.76B 2,466.74B 2,654.21B 2,815.15B 3,329.29B
Operating cash flow 332,776M 400,687M 412,384M 401,176M 553,528M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 13,005.50M 14,374.32M 14,196.49M 14,114.10M 18,460.25M
Gross Profit 4,640.60M 5,342.15M 5,091.45M 5,122.31M 7,697.50M
Operating income 3,039.02M 3,640.43M 3,734.54M 3,698.12M 5,986.17M
Income before tax 3,070.47M 3,745.09M 3,918.27M 3,791.76M 6,194.89M
Net income 2,402.14M 2,787.56M 2,888.24M 2,769.56M 4,450.53M
EBITDA 4,056.26M 4,887.28M 4,945.86M 5,060.23M 7,488.21M
Diluted EPS 5.63 6.54 6.94 6.65 10.70
Dividends Per Share 1.26 1.80 2.02 2.35 3.55
Total Assets 27,297.94M 27,453.74M 29,924.36M 30,593.80M 33,395.77M
Total liabilities 4,608.44M 4,572.97M 4,699.56M 4,470.47M 5,142.75M
Total equity 22,113.46M 22,286.14M 24,586.29M 25,476.48M 27,429.85M
Operating cash flow 3,002.51M 3,613.22M 3,792.88M 3,782.63M 4,925.82M

Valuation Measures

Mar 2022
PER15.60
ROA13.45%
ROE16.27%
Operating margin32.42%
Profit margin24.10%

Key executives

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

Shareholders

  • Nomura Asset Management Co., Ltd. (5.3%)
  • Nippon Life Insurance Co. (3.7%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.4%)
  • Capital Research & Management Co. (World Investors) (2.9%)
  • The Hachijuni Bank, Ltd. (2.8%)
  • The Vanguard Group, Inc. (2.6%)
  • Nikko Asset Management Co., Ltd. (2.6%)
  • Meiji Yasuda Life Insurance Co. (2.6%)
  • BlackRock Fund Advisors (2.5%)
  • Norges Bank Investment Management (2.4%)

Contact Details

  • Website:http://www.shinetsu.co.jp
  • Address: Marunouchi Eiraku Building, 1-4-1 Marunouchi, Tokyo, 100-0005, Japan
  • Phone: +81.3.6812.2300

Related Companies

  • Silicon Metal Company of Australia Pty Ltd.
  • 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 Electronics Materials Singapore Pte Ltd.

Competitors

  • Dow, Inc.
  • KCC Corporation
  • Wacker Chemie AG
  • Eternal Materials Co., Ltd.
  • Borregaard ASA
  • Westlake Corporation
  • Topco Scientific Co., Ltd.
  • Neo Performance Materials, Inc.
  • Crystal Clear Electronic Material Co., Ltd. Class A
  • Daejoo Electronic Materials Co., Ltd.
  • Darbond Technology Co., Ltd. Class A
  • Ferroglobe PLC
  • Daqo New Energy Corp Sponsored ADR
  • Formosa Sumco Technology Corporation
  • DuPont de Nemours, Inc.
  • Chemtrade Logistics Income Fund
  • National Silicon Industry Group Co. Ltd. Class A
  • GlobalWafers Co., Ltd.
  • Siltronic AG
  • Wafer Works Corp.
  • Lumax International Corp. Ltd.
  • Soitec SA
  • Topco Technologies Corp.
Last Updated on 1 Dec, 2022

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