Shin-Etsu Chemical
Shin-Etsu Chemical Co., Ltd.
Company highlights
First in the world in both water pipes and semiconductor materials.
Vol.7, Chapter 4 (as of 2026-08-31)
Key figures
Period Apr 2025 to Mar 2026ConsolidatedJapanese GAAP
Business revenue model
Featured in
Vol.7, Chapter 4 (as of 2026-08-31)
“Kaisha no Shikumi: The Companies You Use Every Day”, Chapter 4: Shin-Etsu Chemical: Water Pipes and Semiconductors, Two World Number Ones
Book’s reference date 2026-08-31 / data last checked 2026-10-20
Key points in this volumeA company's profits depend not just on how advanced its technology is, but on how hard it is for customers to switch suppliers.
PVC for the water pipes in a house, and the material inside the semiconductors in a phone. The company itself says it is first in the world in both.
For the year ended March 2026 the electronics materials business had an operating margin of 33.9% and the infrastructure materials business 16.8%. In the same year, operating income from infrastructure materials fell 43.4%, from ¥291.5 billion in the previous year to ¥164.9 billion (calculated). In some years a fall on one side is filled by the other.
The move that changed Shin-Etsu Chemical
Shin-Etsu Chemical holds an integrated production chain from rock salt to PVC resin in the United States, and keeps it inside the same company as its silicon wafers for semiconductors.
The two businesses draw their demand from different industries, and they do not necessarily move the same way in the same year.
Coverage in the book
- The Material in a Water Pipe, and the Material in a Semiconductor
- Margins by Segment, and Where the Profit Comes From
- The Two Leading Businesses Move Differently from Year to Year
- From Rock Salt to PVC Resin, All In-House
- The Margin Fell Even in the Year the Price Increases Began
Related books, articles and videos
“Kaisha no Shikumi: The Companies You Use Every Day”
Chapter 4: Shin-Etsu Chemical
“Shin-Etsu Chemical: Water Pipes and Semiconductors, Two World Number Ones”
“Ano Kaisha no Shikumi” series, Vol.7 — Kindle and paperback
Find it on Amazon →
Company profile
Tables scroll sideways
Disclosed data
Business activities and revenue composition
Shin-Etsu Chemical
Revenue and profit by business segment
Period Apr 2025 to Mar 2026Source Annual securities reportsConsolidated・Disclosed
| Business | Net sales to external customers | Operating income | |||||
|---|---|---|---|---|---|---|---|
| This year | Share | Last year | This year | Share | Margin | Last year | |
| Electronics materials | ¥1,015.8 billion | 39.5% | ¥934.3 billion | ¥344.5 billion | 54.0% | 33.9% | ¥324.8 billion |
| 生活環境基盤材料事業 | ¥981.4 billion | 38.1% | ¥1,041.6 billion | ¥164.9 billion | 25.9% | 16.8% | ¥291.5 billion |
| Functional materials | ¥440.8 billion | 17.1% | ¥448.6 billion | ¥101.0 billion | 15.8% | 22.9% | ¥100.0 billion |
| 加工・商事・技術サービス事業 | ¥136.0 billion | 5.3% | ¥136.7 billion | ¥27.3 billion | 4.3% | 20.1% | ¥28.8 billion |
| Total of the businesses | ¥2,574.0 billion | 100.0% | ¥637.7 billion | 100.0% | |||
Revenue and profit
Shin-Etsu Chemical
Period Apr 2025 to Mar 2026Source Annual securities reports
Amounts by account
| Group | Account | Amount | Consolidated / Non-consolidated |
|---|---|---|---|
| Selling, general and administrative expenses | Shipping expense | ¥69.3 billion | Consolidated |
| Salaries and allowances | ¥44.6 billion | Consolidated | |
| Freight | ¥27.9 billion | Parent only | |
| Technical research expenses | ¥8.6 billion | Parent only | |
| Depreciation | ¥5.5 billion | Consolidated | |
| Provision of allowance for doubtful accounts | ¥2.2 billion | Consolidated | |
| Amortization of goodwill | ¥1.8 billion | Consolidated | |
| Provision for bonuses | ¥1.6 billion | Consolidated | |
| Provision for retirement benefits | ¥-0.6 billion | Parent only | |
| Provision for directors' bonuses | ¥0.5 billion | Consolidated | |
| Retirement benefit expenses | ¥-0.5 billion | Consolidated | |
| Profit by stage | Gross profit (loss) | ¥880.8 billion | Consolidated |
| Ordinary income | ¥708.3 billion | Consolidated | |
| Operating income | ¥635.2 billion | Consolidated | |
| Net income | ¥474.5 billion | Consolidated |
Shin-Etsu Chemical
Selling, general and administrative expenses
Period Apr 2025 to Mar 2026Source Annual securities reports
- Shipping expense ¥69.3 billion
- Salaries and allowances ¥44.6 billion
- Freight ¥27.9 billion
- Technical research expenses ¥8.6 billion
- Depreciation ¥5.5 billion
- Provision of allowance for doubtful accounts ¥2.2 billion
- Other (not itemized) ¥87.4 billion
Performance, financial position and capital allocation
Long-term changes in performance
Shin-Etsu Chemical
Long-term revenue, profit and asset trends
Period 2013 to 2026Source Annual securities reportsDisclosed
Shin-Etsu Chemical
Recent performance trends
Source Annual securities reports
Year-on-year comparison
| Item | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Net sales | ¥2,074.4B | ¥2,808.8B | ¥2,414.9B | ¥2,561.2B | ¥2,574.0B |
| Year on year (%) | +38.6%◆ | +35.4%◆ | -14.0% | +6.1% | +0.5% |
| Ordinary income (loss) | ¥694.4B | ¥1,020.2B | ¥787.2B | ¥820.5B | ¥708.3B |
| Change from prior year | +71.4% | +46.9% | -22.8% | +4.2% | -13.7% |
| Ordinary income (loss) as a share of Net sales | 33.5% | 36.3% | 32.6% | 32.0% | 27.5% |
| Change (percentage points) | +6.4 points◆ | +2.8 points◆ | -3.7 points◆ | -0.6 points | -4.5 points◆ |
Fiscal periods marked for changes
Earlier fiscal periods (4)
- 2017Ordinary income (loss) as a share of revenue +2.4 points
- 2018Ordinary income (loss) as a share of revenue +4.0 points
- 2019Ordinary income (loss) as a share of revenue +2.4 points
- 2022Net sales year on year +38.6%, Ordinary income (loss) as a share of revenue +6.4 points
- 2023Net sales year on year +35.4%, Ordinary income (loss) as a share of revenue +2.8 points
- 2024Ordinary income (loss) as a share of revenue -3.7 points
- 2026Ordinary income (loss) as a share of revenue -4.5 points
Shin-Etsu Chemical
Earnings and net assets per share over time
Unit yenSource Annual securities reports
Shin-Etsu Chemical
Return on equity over time
Unit %Source Annual securities reports
Consolidated indicators (15 items)
| Item | 4 years ago | 3 years ago | 2 years ago | Last year | This year |
|---|---|---|---|---|---|
| Net sales | ¥2,074.4 billion | ¥2,808.8 billion | ¥2,414.9 billion | ¥2,561.2 billion | ¥2,574.0 billion |
| Ordinary income (loss) | ¥694.4 billion | ¥1,020.2 billion | ¥787.2 billion | ¥820.5 billion | ¥708.3 billion |
| Net income (loss) attributable to owners of parent | ¥500.1 billion | ¥708.2 billion | ¥520.1 billion | ¥534.0 billion | ¥474.5 billion |
| Comprehensive income | ¥668.2 billion | ¥1,001.0 billion | ¥746.8 billion | ¥844.1 billion | ¥531.8 billion |
| Net assets | ¥3,429.2 billion | ¥4,026.2 billion | ¥4,424.1 billion | ¥4,837.6 billion | ¥4,643.3 billion |
| Total assets | ¥4,053.4 billion | ¥4,730.4 billion | ¥5,148.0 billion | ¥5,636.6 billion | ¥5,661.9 billion |
| Net assets per share | 1,601.45 yen | 1,918.37 yen | 2,133.17 yen | 2,375.48 yen | 2,400.39 yen |
| Basic earnings (loss) per share | 240.76 yen | 347.84 yen | 259.41 yen | 269.52 yen | 252.69 yen |
| Diluted earnings per share | 240.55 yen | 347.61 yen | 259.13 yen | 269.28 yen | 252.49 yen |
| Equity-to-asset ratio | 82.1% | 81.8% | 82.7% | 82.6% | 78.7% |
| Return on equity | 16.3% | 19.7% | 12.8% | 12.0% | 10.4% |
| Net cash provided by (used in) operating activities | ¥553.5 billion | ¥788.0 billion | ¥755.2 billion | ¥881.9 billion | ¥712.7 billion |
| Net cash provided by (used in) investing activities | ¥-253.7 billion | ¥-186.5 billion | ¥-1,099.2 billion | ¥-142.6 billion | ¥-544.8 billion |
| Net cash provided by (used in) financing activities | ¥-122.5 billion | ¥-423.6 billion | ¥-369.5 billion | ¥-454.9 billion | ¥-504.8 billion |
| Cash and cash equivalents | ¥1,008.9 billion | ¥1,247.3 billion | ¥590.1 billion | ¥882.7 billion | ¥562.1 billion |
Parent only indicators (15 items)
| Item | 4 years ago | 3 years ago | 2 years ago | Last year | This year |
|---|---|---|---|---|---|
| Net sales | ¥693.9 billion | ¥799.3 billion | ¥730.4 billion | ¥766.6 billion | ¥844.7 billion |
| Ordinary income (loss) | ¥201.2 billion | ¥265.2 billion | ¥342.8 billion | ¥854.9 billion | ¥763.3 billion |
| Net income (loss) | ¥150.8 billion | ¥216.3 billion | ¥303.7 billion | ¥799.5 billion | ¥708.5 billion |
| Capital stock | ¥119.4 billion | ¥119.4 billion | ¥119.4 billion | ¥119.4 billion | ¥119.4 billion |
| Total number of issued shares (common stock) | 416,662,000 shares | 404,824,000 shares | 2,001,691,000 shares | 1,984,995,000 shares | 1,984,995,000 shares |
| Net assets | ¥883.5 billion | ¥705.4 billion | ¥707.9 billion | ¥1,105.9 billion | ¥1,119.2 billion |
| Total assets | ¥1,299.3 billion | ¥1,342.7 billion | ¥1,462.1 billion | ¥1,670.6 billion | ¥1,691.6 billion |
| Net assets per share | 424.18 yen | 347.92 yen | 352.41 yen | 561.24 yen | 598.95 yen |
| Dividend per share | 400 yen | 500 yen | 100 yen | 106 yen | 106 yen |
| Interim dividend per share | 150 yen | 225 yen | 50 yen | 53 yen | 53 yen |
| Basic earnings (loss) per share | 72.61 yen | 106.25 yen | 151.48 yen | 403.52 yen | 377.34 yen |
| Diluted earnings per share | 72.55 yen | 106.19 yen | 151.34 yen | 403.22 yen | 377.11 yen |
| Equity-to-asset ratio | 67.8% | 52.3% | 48.1% | 65.8% | 65.7% |
| Return on equity | 17.4% | 27.3% | 43.2% | 88.7% | 64.1% |
| Payout ratio | 110.2% | 94.1% | 66.0% | 26.3% | 28.1% |
Dividend history
| Fiscal year | Annual dividend per share | Of which interim | Payout ratio (as reported, parent only) | Flag |
|---|---|---|---|---|
| FY ending 3/2026 | ¥106 | ¥53 | 28.1% | |
| FY ending 3/2025 | ¥106 | ¥53 | 26.3% | |
| FY ending 3/2024 | ¥100 | ¥50 | 66.0% | Stock split or share consolidation noted |
| FY ending 3/2023 | ¥500 | ¥225 | 94.1% | |
| FY ending 3/2022 | ¥400 | ¥150 | 110.2% | |
| FY ending 3/2021 | ¥250 | ¥110 | 87.4% | |
| FY ending 3/2020 | ¥220 | ¥110 | 69.4% | |
| FY ending 3/2019 | ¥200 | ¥100 | 87.4% | |
| FY ending 3/2018 | ¥140 | ¥65 | 61.6% | |
| FY ending 3/2017 | ¥120 | ¥60 | 61.7% | |
| FY ending 3/2016 | ¥110 | ¥55 | 62.2% | |
| FY ending 3/2015 | ¥100 | ¥50 | 63.8% | |
| FY ending 3/2014 | ¥100 | ¥50 | 74.2% | |
| FY ending 3/2013 | ¥100 | ¥50 | 74.9% |
Shin-Etsu Chemical
Dividends per share over time
Unit yenSource Annual securities reports
Shareholder composition
Share ownership by holder category
Shin-Etsu Chemical
Unit %Source Annual securities reports
- Financial institutions39.84%
- Securities firms1.98%
- Other corporations1.62%
- Foreign holders (institutions)44.17%
- Foreign holders (individuals)0.01%
- Individuals and others12.38%
- Government and municipalities0.00%
Major shareholders
| Rank | Shareholder | Shareholding ratio | Shares held |
|---|---|---|---|
| 1 | 日本マスタートラスト信託銀行㈱(信託口) | 18.19% | 337,743,000 |
| 2 | ㈱日本カストディ銀行(信託口) | 7.21% | 133,806,000 |
| 3 | 日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行㈱) | 4.13% | 76,765,000 |
| 4 | ㈱八十二長野銀行(常任代理人 日本マスタートラスト信託銀行㈱) | 3.05% | 56,565,000 |
| 5 | THE CHASE MANHATTAN BANK, N. A. LONDONSECS LENDING OMNIBUS ACCOUNT(常任代理人 ㈱みずほ銀行決済営業部) | 2.99% | 55,491,000 |
| 6 | 明治安田生命保険相互会社(常任代理人 ㈱日本カストディ銀行) | 2.88% | 53,439,000 |
| 7 | STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 ㈱みずほ銀行決済営業部) | 2.56% | 47,460,000 |
| 8 | GOVERNMENT OF NORWAY (常任代理人 シティバンク、エヌ・エイ東京支店) | 2.03% | 37,609,000 |
| 9 | JP MORGAN CHASE BANK 385781(常任代理人 ㈱みずほ銀行決済営業部) | 1.73% | 32,033,000 |
| 10 | JP MORGAN CHASE BANK 385642(常任代理人 ㈱みずほ銀行決済営業部) | 1.62% | 30,039,000 |
Research and development expenses and capital expenditure
| Fiscal year | Research and development | Capital expenditure |
|---|---|---|
| FY ending 3/2026 | ¥77.8 billion | ¥339.7 billion |
| FY ending 3/2025 | ¥73.1 billion | Could not be retrieved |
| FY ending 3/2021 | ¥51.3 billion | ¥228.8 billion |
| FY ending 3/2020 | ¥48.5 billion | Could not be retrieved |
| FY ending 3/2017 | ¥49.0 billion | Could not be retrieved |
| FY ending 3/2016 | ¥53.2 billion | Could not be retrieved |
Research and development expenses and capital expenditure by segment (FY ending 3/2026)
| Segment | Capital expenditure |
|---|---|
| Electronics materials | ¥212.4 billion |
| 生活環境基盤材料事業 | ¥67.9 billion |
| Functional materials | ¥56.1 billion |
| 加工・商事・技術サービス事業 | ¥7.2 billion |
Revenue scale in the same industry
Shin-Etsu Chemical
Source Annual securities reports of each company
Chemicals: 212 companies · revenue · largest first・each company’s latest fiscal year・Consolidated・Disclosed
- 1 Mitsubishi Chemical GloupFY Mar 2026 ¥3.7T
- 2 Asahi KaseiFY Mar 2026 ¥3.1T
- 3 Shin-Etsu ChemicalThis companyFY Mar 2026 ¥2.6T
- 4 SUMITOMO CHEMICALFY Mar 2026 ¥2.3T
- 5 NIPPON PAINTFY Dec 2025 ¥1.8T
- … 207 companies
Workforce information
Women 16.2 yrs Average length of service by gender
Women 374 Employees by gender
Administrative filings and published information
Workplace information filings
| Item | Value |
|---|---|
| Employees | 3,881 |
| Annual paid leave taken |
75.8% |
| Share of managers who are women | 3.2% |
| Share of board members who are women | 21.4% |
Greenhouse gas emissions
| Category | Emissions |
|---|---|
| 特定事業所排出者 | 792,843 t-CO2 |
| 特定荷主 | 21,200 t-CO2 |
| Sites covered by the report | 11 |
Audit and disclosure information
| Item | Value |
|---|---|
| Audit firm | EY新日本有限責任監査法人 |
| Audit fees (this year, total) | ¥0.3 billion |
| Non-audit fees (this year, total) | ¥28.00 million |
| Audit fees (this year, network firms) | ¥0.1 billion |
| Non-audit fees (this year, network firms) | ¥44.00 million |
| Going concern note | Cannot be determined |
| Accounting standard | Japanese GAAP |
Sources and methodology
Retrieved disclosed figures
Major management indicators (5 years) (30 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Comprehensive income | ¥531.8 billion | Consolidated |
| Net cash provided by (used in) operating activities | ¥712.7 billion | Consolidated |
| Net sales | ¥2,574.0 billion | Consolidated |
| Net cash provided by (used in) investing activities | ¥-544.8 billion | Consolidated |
| Diluted earnings per share | 252.49 yen | Consolidated |
| Cash and cash equivalents | ¥562.1 billion | Consolidated |
| Net assets | ¥4,643.3 billion | Consolidated |
| Ordinary income (loss) | ¥708.3 billion | Consolidated |
| Total assets | ¥5,661.9 billion | Consolidated |
| Return on equity | 10.4% | Consolidated |
| Equity-to-asset ratio | 78.7% | Consolidated |
| Net income (loss) attributable to owners of parent | ¥474.5 billion | Consolidated |
| Net cash provided by (used in) financing activities | ¥-504.8 billion | Consolidated |
| Basic earnings (loss) per share | 252.69 yen | Consolidated |
| Net assets per share | 2,400.39 yen | Consolidated |
| Dividend per share | 106 yen | Parent only |
| Net sales | ¥844.7 billion | Parent only |
| Net income (loss) | ¥708.5 billion | Parent only |
| Diluted earnings per share | 377.11 yen | Parent only |
| Total number of issued shares (common stock) | 1,984,995,000 shares | Parent only |
| Net assets | ¥1,119.2 billion | Parent only |
| Ordinary income (loss) | ¥763.3 billion | Parent only |
| Total assets | ¥1,691.6 billion | Parent only |
| Return on equity | 64.1% | Parent only |
| Equity-to-asset ratio | 65.7% | Parent only |
| Capital stock | ¥119.4 billion | Parent only |
| Payout ratio | 28.1% | Parent only |
| Interim dividend per share | 53 yen | Parent only |
| Basic earnings (loss) per share | 377.34 yen | Parent only |
| Net assets per share | 598.95 yen | Parent only |
Employees (11 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Number of employees | 27,342 people | Consolidated |
| Number of employees | 27,342 people | Consolidated |
| Wage gap between men and women (all employees) | 78.6% | Parent only |
| Average length of service (years) | 18.8 years | Parent only |
| Average annual salary | ¥8.99 million | Parent only |
| Average age (years) | 40.8 years old | Parent only |
| Number of employees | 4,059 people | Parent only |
| Number of employees | 4,059 people | Parent only |
| Number of employees | 4,059 people | Parent only |
| Wage gap between men and women (regular employees) | 80.9% | Parent only |
| Wage gap between men and women (non-regular employees) | 36.3% | Parent only |
Shares (19 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Number of shares held | 860,956,000 shares | Consolidated |
| Total number of shares held treasury shares etc | 128,324,800 shares | Consolidated |
| Number of issues whose number of shares increased shares not listed investment shares held for purposes other than pure investment reporting company | 1 issues | Consolidated |
| Number of issues whose number of shares increased shares other than those not listed investment shares held for purposes other than pure investment reporting company | 2 issues | Consolidated |
| Number of issues whose number of shares decreased shares not listed investment shares held for purposes other than pure investment reporting company | 1 issues | Consolidated |
| Number of issues whose number of shares decreased shares other than those not listed investment shares held for purposes other than pure investment reporting company | 9 issues | Consolidated |
| Total acquisition cost for increased shares shares not listed investment shares held for purposes other than pure investment reporting company | ¥0.5 billion | Consolidated |
| Total acquisition cost for increased shares shares other than those not listed investment shares held for purposes other than pure investment reporting company | ¥1.2 billion | Consolidated |
| Total sale amount for decreased shares shares other than those not listed investment shares held for purposes other than pure investment reporting company | ¥15.9 billion | Consolidated |
| Number of shares | 1,984,995,865 shares | Consolidated |
| Shareholding ratio treasury shares etc | 6.5% | Consolidated |
| Shareholding ratio | 46.4% | Consolidated |
| Number of shares held in own name treasury shares etc | 128,324,800 shares | Consolidated |
| Number of voting rights | 18,550,445 units | Consolidated |
| Carrying amount on the balance sheet | ¥3.2 billion | Consolidated |
| Carrying amount on the balance sheet | ¥55.9 billion | Consolidated |
| Number of issues | 35 issues | Consolidated |
| Number of issues | 34 issues | Consolidated |
| Total shareholder return | 181.4% | Parent only |
Other disclosed items (9 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Gross scope 3 greenhouse gas emissions | 11,714,000 t-CO2e | Consolidated |
| Net sales to external customers | ¥2,574.0 billion | Consolidated |
| Number of associates accounted for using equity method | 2 companies | Consolidated |
| Increase in property plant and equipment and intangible assets | ¥339.7 billion | Consolidated |
| Depreciation | ¥241.1 billion | Consolidated |
| Number of consolidated subsidiaries | 98 companies | Consolidated |
| Rate of male employees taking childcare leave (all employees) | 88.1% | Parent only |
| Total return on the share price index | 202.2% | Parent only |
| Ratio of female employees in managerial positions | 3.2% | Parent only |
Research and development (2 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Research and development expenses included in general and administrative expenses and manufacturing cost for current period | ¥77.8 billion | Consolidated |
| Research and development expenses | ¥77.8 billion | Consolidated |
Property and facilities (1 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Capital expenditures | ¥339.7 billion | Consolidated |
Audit (11 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Fees for audit and attestation services - reporting company | ¥96.00 million | Consolidated |
| Fees for audit and attestation services - total | ¥0.1 billion | Consolidated |
| Fees for audit and attestation services - total | ¥0.3 billion | Consolidated |
| Fees for audit and attestation services - consolidated subsidiaries | ¥0.1 billion | Consolidated |
| Fees for audit and attestation services - consolidated subsidiaries | ¥0.2 billion | Consolidated |
| Fees for non-audit services - reporting company | ¥6.00 million | Consolidated |
| Fees for non-audit services - reporting company | ¥13.00 million | Consolidated |
| Fees for non-audit services - total | ¥44.00 million | Consolidated |
| Fees for non-audit services - total | ¥28.00 million | Consolidated |
| Non audit fees consolidated subsidiaries network firms | ¥38.00 million | Consolidated |
| Non audit fees consolidated subsidiaries | ¥15.00 million | Consolidated |
Accounts unique to this company (5 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Revenue | ¥10.4 billion | Consolidated |
| Revenue | ¥3.6 billion | Consolidated |
| Revenue | ¥17.00 million | Consolidated |
| Change in average annual salary from the previous year | 2.6% | Parent only |
| Revenue | ¥85.00 million | Parent only |
Balance sheet (126 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Other | ¥24.4 billion | Consolidated |
| Other | ¥112.7 billion | Consolidated |
| Other | ¥52.5 billion | Consolidated |
| Other | ¥126.2 billion | Consolidated |
| Valuation difference on available-for-sale securities | ¥42.4 billion | Consolidated |
| Other, net | ¥34.6 billion | Consolidated |
| Goodwill | ¥25.6 billion | Consolidated |
| Work in process | ¥24.2 billion | Consolidated |
| Retained earnings | ¥4,022.6 billion | Consolidated |
| Raw materials and supplies | ¥440.0 billion | Consolidated |
| Notes receivable - trade | ¥535.4 billion | Consolidated |
| Merchandise and finished goods | ¥326.7 billion | Consolidated |
| Non-current liabilities | ¥496.0 billion | Consolidated |
| Non-current assets | ¥2,555.9 billion | Consolidated |
| Land | ¥127.0 billion | Consolidated |
| Buildings and structures, net | ¥432.9 billion | Consolidated |
| Construction in progress | ¥514.8 billion | Consolidated |
| Provision for directors' bonuses | ¥0.5 billion | Consolidated |
| Investments and other assets | ¥367.9 billion | Consolidated |
| Investment securities | ¥151.8 billion | Consolidated |
| Notes and accounts payable - trade | ¥176.4 billion | Consolidated |
| Subscription rights to shares | ¥7.6 billion | Consolidated |
| Securities | ¥7.0 billion | Consolidated |
| Property, plant and equipment | ¥2,153.3 billion | Consolidated |
| Income taxes payable | ¥89.2 billion | Consolidated |
| Accrued expenses | ¥102.4 billion | Consolidated |
| Accounts payable - other | ¥88.6 billion | Consolidated |
| Shareholders' equity | ¥3,655.6 billion | Consolidated |
| Machinery, equipment and vehicles, net | ¥1,044.1 billion | Consolidated |
| Current liabilities | ¥522.6 billion | Consolidated |
| Current assets | ¥3,106.1 billion | Consolidated |
| Accumulated depreciation | ¥-3,768.4 billion | Consolidated |
| Foreign currency translation adjustment | ¥749.3 billion | Consolidated |
| Intangible assets | ¥34.7 billion | Consolidated |
| Cash and cash equivalents | ¥562.1 billion | Consolidated |
| Cash and deposits | ¥1,660.1 billion | Consolidated |
| Short-term loans payable | ¥6.9 billion | Consolidated |
| Net assets | ¥4,643.3 billion | Consolidated |
| Net assets | ¥4,643.3 billion | Consolidated |
| Total assets | ¥5,661.9 billion | Consolidated |
| Deferred gains or losses on hedges | ¥-1.0 billion | Consolidated |
| Deferred tax liabilities | ¥209.2 billion | Consolidated |
| Deferred tax assets | ¥99.0 billion | Consolidated |
| Treasury stock | ¥-612.7 billion | Consolidated |
| Valuation and translation adjustments | ¥801.3 billion | Consolidated |
| Liabilities | ¥1,018.6 billion | Consolidated |
| Liabilities and net assets | ¥5,661.9 billion | Consolidated |
| Allowance for doubtful accounts | ¥-4.6 billion | Consolidated |
| Allowance for doubtful accounts | ¥-13.5 billion | Consolidated |
| Capital surplus | ¥126.3 billion | Consolidated |
| Capital stock | ¥119.4 billion | Consolidated |
| Provision for bonuses | ¥6.2 billion | Consolidated |
| Remeasurements of defined benefit plans | ¥10.6 billion | Consolidated |
| Net defined benefit liability | ¥26.0 billion | Consolidated |
| Net defined benefit asset | ¥8.9 billion | Consolidated |
| Long-term loans payable | ¥236.4 billion | Consolidated |
| Non-controlling interests | ¥178.9 billion | Consolidated |
| Other | ¥8.0 billion | Parent only |
| Other | ¥1.5 billion | Parent only |
| Other | ¥2.6 billion | Parent only |
| Valuation difference on available-for-sale securities | ¥29.6 billion | Parent only |
| Lease obligations | ¥0.6 billion | Parent only |
| Lease obligations | ¥86.00 million | Parent only |
| Lease assets, net | ¥0.6 billion | Parent only |
| Investments in capital | ¥0.5 billion | Parent only |
| Retained earnings | ¥1,454.9 billion | Parent only |
| Legal retained earnings | ¥6.8 billion | Parent only |
| Advances received | ¥0.8 billion | Parent only |
| Advance payments trade | ¥0.3 billion | Parent only |
| Semi finished goods | ¥59.7 billion | Parent only |
| Raw materials and supplies | ¥169.3 billion | Parent only |
| Notes receivable - trade | ¥4.1 billion | Parent only |
| Merchandise and finished goods | ¥64.5 billion | Parent only |
| Non-current liabilities | ¥246.1 billion | Parent only |
| Non-current assets | ¥739.8 billion | Parent only |
| Reserve for advanced depreciation of noncurrent assets | ¥1.7 billion | Parent only |
| Land | ¥31.5 billion | Parent only |
| Notes regarding reserve for reduction entry of land | ¥20.00 million | Parent only |
| Accounts receivable - trade | ¥314.3 billion | Parent only |
| Tools, furniture and fixtures | ¥4.3 billion | Parent only |
| Buildings, net | ¥95.0 billion | Parent only |
| Construction in progress | ¥146.8 billion | Parent only |
| Provision for directors' bonuses | ¥0.3 billion | Parent only |
| Investments and other assets | ¥375.8 billion | Parent only |
| Investment securities | ¥65.4 billion | Parent only |
| Subscription rights to shares | ¥7.1 billion | Parent only |
| Property, plant and equipment | ¥362.4 billion | Parent only |
| Accounts receivable - other | ¥48.6 billion | Parent only |
| Income taxes payable | ¥42.6 billion | Parent only |
| Accrued expenses | ¥27.5 billion | Parent only |
| Accounts payable - other | ¥47.2 billion | Parent only |
| Shareholders' equity | ¥1,082.4 billion | Parent only |
| Structures, net | ¥13.2 billion | Parent only |
| Machinery and equipment, net | ¥70.8 billion | Parent only |
| Current liabilities | ¥326.2 billion | Parent only |
| Current assets | ¥951.8 billion | Parent only |
| Intangible assets | ¥1.6 billion | Parent only |
| Cash and deposits | ¥194.9 billion | Parent only |
| Short-term loans payable | ¥4.9 billion | Parent only |
| Short-term loans receivable with resale agreement | ¥95.7 billion | Parent only |
| Net assets | ¥1,119.2 billion | Parent only |
| Net assets | ¥1,119.2 billion | Parent only |
| Total assets | ¥1,691.6 billion | Parent only |
| Deferred tax assets | ¥43.7 billion | Parent only |
| Retained earnings brought forward | ¥1,446.4 billion | Parent only |
| Treasury stock | ¥-612.7 billion | Parent only |
| Valuation and translation adjustments | ¥29.6 billion | Parent only |
| Liabilities | ¥572.3 billion | Parent only |
| Liabilities and net assets | ¥1,691.6 billion | Parent only |
| Accounts payable - trade | ¥118.5 billion | Parent only |
| Allowance for doubtful accounts | ¥-10.00 million | Parent only |
| Allowance for doubtful accounts | ¥-2.3 billion | Parent only |
| Capital surplus | ¥120.8 billion | Parent only |
| Legal capital surplus | ¥120.8 billion | Parent only |
| Capital stock | ¥119.4 billion | Parent only |
| Asset retirement obligations | ¥72.00 million | Parent only |
| Vehicles, net | ¥61.00 million | Parent only |
| Provision for retirement benefits | ¥10.1 billion | Parent only |
| Long-term loans payable | ¥235.0 billion | Parent only |
| Long-term prepaid expenses | ¥0.1 billion | Parent only |
| Long term accounts payable other | ¥0.3 billion | Parent only |
| Long-term loans receivable | ¥7.1 billion | Parent only |
| Investments in capital of subsidiaries and affiliates | ¥27.3 billion | Parent only |
| Shares of subsidiaries and associates | ¥223.6 billion | Parent only |
| Electronically recorded obligations - operating | ¥0.9 billion | Parent only |
| Deposits received | ¥82.1 billion | Parent only |
Statement of income (88 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Other | ¥25.5 billion | Consolidated |
| Other | ¥8.8 billion | Consolidated |
| Other comprehensive income | ¥25.5 billion | Consolidated |
| Other changes | ¥0.6 billion | Consolidated |
| Valuation difference on available for sale securities net of tax | ¥10.0 billion | Consolidated |
| Amortization of goodwill | ¥1.8 billion | Consolidated |
| Amortization of goodwill | ¥1.8 billion | Consolidated |
| Dividends from surplus | ¥-203.2 billion | Consolidated |
| Comprehensive income | ¥531.8 billion | Consolidated |
| Interest income | ¥62.9 billion | Consolidated |
| Operating income | ¥635.2 billion | Consolidated |
| Operating income | ¥635.2 billion | Consolidated |
| Non-operating income | ¥88.4 billion | Consolidated |
| Non-operating expenses | ¥15.3 billion | Consolidated |
| Net cash provided by (used in) operating activities | ¥712.7 billion | Consolidated |
| Loss on retirement of non-current assets | ¥3.9 billion | Consolidated |
| Cost of sales | ¥1,693.2 billion | Consolidated |
| Gross profit (loss) | ¥880.8 billion | Consolidated |
| Net sales | ¥2,574.0 billion | Consolidated |
| Net sales | ¥2,574.0 billion | Consolidated |
| Net income | ¥474.5 billion | Consolidated |
| Net income | ¥474.5 billion | Consolidated |
| Net income (loss) | ¥506.3 billion | Consolidated |
| Net income (loss) | ¥506.3 billion | Consolidated |
| Provision for directors' bonuses | ¥0.5 billion | Consolidated |
| Gain on sales of investment securities | ¥10.6 billion | Consolidated |
| Net cash provided by (used in) investing activities | ¥-544.8 billion | Consolidated |
| Share of other comprehensive income of investments accounted for using equity method | ¥0.3 billion | Consolidated |
| Interest expenses | ¥2.7 billion | Consolidated |
| Income taxes - current | ¥197.4 billion | Consolidated |
| Income taxes | ¥202.2 billion | Consolidated |
| Income taxes - deferred | ¥4.8 billion | Consolidated |
| Depreciation | ¥5.5 billion | Consolidated |
| Foreign currency translation adjustment net of tax | ¥15.9 billion | Consolidated |
| Extraordinary income | ¥10.6 billion | Consolidated |
| Extraordinary loss | ¥10.4 billion | Consolidated |
| Effect of exchange rate change on cash and cash equivalents | ¥16.3 billion | Consolidated |
| Net increase (decrease) in cash and cash equivalents | ¥-320.6 billion | Consolidated |
| Shipping expense | ¥69.3 billion | Consolidated |
| Income (loss) before income taxes | ¥708.5 billion | Consolidated |
| Income (loss) before income taxes | ¥708.5 billion | Consolidated |
| Ordinary income | ¥708.3 billion | Consolidated |
| Salaries and allowances | ¥44.6 billion | Consolidated |
| Deferred gains or losses on hedges net of tax | ¥-1.8 billion | Consolidated |
| Disposal of treasury stock | ¥4.4 billion | Consolidated |
| Purchase of treasury stock | ¥-500.0 billion | Consolidated |
| Comprehensive income attributable to owners of parent | ¥498.8 billion | Consolidated |
| Net cash provided by (used in) financing activities | ¥-504.8 billion | Consolidated |
| Selling, general and administrative expenses | ¥245.6 billion | Consolidated |
| Provision of allowance for doubtful accounts | ¥2.2 billion | Consolidated |
| Provision for bonuses | ¥1.6 billion | Consolidated |
| Remeasurements of defined benefit plans net of tax | ¥1.2 billion | Consolidated |
| Retirement benefit expenses | ¥-0.5 billion | Consolidated |
| Comprehensive income attributable to non-controlling interests | ¥33.0 billion | Consolidated |
| Net income (loss) attributable to non-controlling interests | ¥31.8 billion | Consolidated |
| Other | ¥9.9 billion | Parent only |
| Other | ¥3.6 billion | Parent only |
| Dividends from surplus | ¥-203.2 billion | Parent only |
| Interest income | ¥3.2 billion | Parent only |
| Dividend income | ¥548.9 billion | Parent only |
| Operating income | ¥208.3 billion | Parent only |
| Non-operating income | ¥562.0 billion | Parent only |
| Non-operating expenses | ¥7.0 billion | Parent only |
| Cost of sales | ¥569.4 billion | Parent only |
| Gross profit (loss) | ¥275.3 billion | Parent only |
| Net sales | ¥844.7 billion | Parent only |
| Net income (loss) | ¥708.5 billion | Parent only |
| Net income (loss) | ¥708.5 billion | Parent only |
| Provision for directors' bonuses | ¥0.3 billion | Parent only |
| Technical research expenses | ¥8.6 billion | Parent only |
| Gain on sales of investment securities | ¥10.5 billion | Parent only |
| Interest expenses | ¥3.4 billion | Parent only |
| Income taxes - current | ¥71.5 billion | Parent only |
| Income taxes | ¥63.3 billion | Parent only |
| Income taxes - deferred | ¥-8.2 billion | Parent only |
| Depreciation | ¥0.9 billion | Parent only |
| Extraordinary income | ¥10.5 billion | Parent only |
| Extraordinary loss | ¥2.0 billion | Parent only |
| Income (loss) before income taxes | ¥771.8 billion | Parent only |
| Ordinary income | ¥763.3 billion | Parent only |
| Salaries and allowances | ¥12.9 billion | Parent only |
| Disposal of treasury stock | ¥4.4 billion | Parent only |
| Purchase of treasury stock | ¥-500.0 billion | Parent only |
| Selling, general and administrative expenses | ¥66.9 billion | Parent only |
| Provision of allowance for doubtful accounts | ¥0.5 billion | Parent only |
| Provision for retirement benefits | ¥-0.6 billion | Parent only |
| Freight | ¥27.9 billion | Parent only |
| Loss on valuation of investments in capital of subsidiaries and associates | ¥2.0 billion | Parent only |
Statement of changes in equity (4 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Total changes during the period | ¥-194.3 billion | Consolidated |
| Net changes in items other than shareholders' equity | ¥29.5 billion | Consolidated |
| Total changes during the period | ¥13.3 billion | Parent only |
| Net changes in items other than shareholders' equity | ¥3.6 billion | Parent only |
Statement of cash flows (36 items)
| Item | Value | Consolidated / Non-consolidated |
|---|---|---|
| Other | ¥28.6 billion | Consolidated |
| Other | ¥-16.9 billion | Consolidated |
| Other | ¥-32.0 billion | Consolidated |
| Increase decrease in notes and accounts payable trade | ¥-8.9 billion | Consolidated |
| Interest expenses paid | ¥-1.8 billion | Consolidated |
| Interest and dividends income received | ¥73.7 billion | Consolidated |
| Interest and dividend income | ¥-69.1 billion | Consolidated |
| Decrease increase in notes and accounts receivable trade | ¥-16.9 billion | Consolidated |
| Net decrease increase in time deposits | ¥-188.0 billion | Consolidated |
| Subtotal | ¥849.6 billion | Consolidated |
| Purchase of investment securities | ¥-4.8 billion | Consolidated |
| Proceeds from sales and redemption of investment securities | ¥15.9 billion | Consolidated |
| Loss (gain) on sales of long-term investment securities | ¥-10.6 billion | Consolidated |
| Valuation gains (losses) on investment securities | ¥0.5 billion | Consolidated |
| Equity in earnings losses of affiliates | ¥-6.2 billion | Consolidated |
| Interest expenses | ¥2.7 billion | Consolidated |
| Proceeds from redemption of securities | ¥17.7 billion | Consolidated |
| Purchase of short term investment securities | ¥-12.0 billion | Consolidated |
| Purchase of property plant and equipment | ¥-353.6 billion | Consolidated |
| Proceeds from sales of property plant and equipment | ¥0.6 billion | Consolidated |
| Decrease (increase) in inventories | ¥-14.0 billion | Consolidated |
| Income taxes paid | ¥-208.9 billion | Consolidated |
| Depreciation | ¥243.0 billion | Consolidated |
| Impairment loss | ¥17.00 million | Consolidated |
| Foreign exchange loss (gain) | ¥-10.0 billion | Consolidated |
| Purchase of intangible assets | ¥-2.3 billion | Consolidated |
| Decrease/increase in short-term loans payable | ¥-1.8 billion | Consolidated |
| Regarding purchase of treasury stock | ¥-500.0 billion | Consolidated |
| Proceeds from sales of treasury stock | ¥3.6 billion | Consolidated |
| Payments of loans receivable | ¥-1.4 billion | Consolidated |
| Collection of loans receivable | ¥6.00 million | Consolidated |
| Increase (decrease) in allowance for doubtful accounts | ¥2.8 billion | Consolidated |
| Increase (decrease) in net defined benefit liability | ¥-4.4 billion | Consolidated |
| Dividends | ¥-203.2 billion | Consolidated |
| Proceeds from long term loans payable | ¥230.0 billion | Consolidated |
| Repayment of long term loans payable | ¥-1.6 billion | Consolidated |
Basic indicators
| Item | Value | Consolidated / Non-consolidated | Source |
|---|---|---|---|
| Net cash provided by (used in) operating activities | ¥712.7 billion | Consolidated | Disclosed |
| Dividend per share | 106 | Parent only | Disclosed |
| Number of employees | 27,342 | Consolidated | Disclosed |
| Net assets | ¥4,643.3 billion | Consolidated | Disclosed |
| Net sales | ¥2,574.0 billion | Consolidated | Disclosed |
| Operating income | ¥635.2 billion | Consolidated | Disclosed |
| Ordinary income | ¥708.3 billion | Consolidated | Disclosed |
| Net income | ¥474.5 billion | Consolidated | Disclosed |
| Total assets | ¥5,661.9 billion | Consolidated | Disclosed |
| Operating margin | 24.7% | Consolidated | Calculated |
| Net margin | 18.4% | Consolidated | Calculated |
| Sales per employee | 94139748 yen | Consolidated | Calculated |
| Total asset turnover | 0.45 times | Consolidated | Calculated |
| Net assets to total assets | 82.0% | Consolidated | Calculated |