Shin-Etsu Chemical Co., Ltd. Unsponsored ADR (SHECY)

Summary

Shin-Etsu Chemical Co., Ltd. engages in the manufacture and sale of industrial chemicals. Its operations are carried out through the following segments: Living Environment Basic Materials Business, Electronic Materials Business, Functional Materials Business, and Processing, Trading and Technical Services Business. The Living Environment Basic Materials Business segment engages in the manufacture and sale of polyvinyl chloride resin, caustic soda, etc. The Electronic Materials Business segment involves in the manufacture and sale of semiconductor silicon, rare earth magnets, photoresists, mask blanks, and synthetic quartz products. The Functional Materials Business segment engages in the manufacture and sale of silicones, cellulose derivatives, and silicon metal. The Processing, Trading and Technical Services Business segment provides various services including Shin-Etsu Polymer Group businesses and engineering. The company was founded on September 16, 1926 and is headquartered in Tokyo, Japan.

Website

www.shinetsu.co.jp

Location

Tokyo, NY, JP

Phone81 3 3246 5091

Employees27,342

CEOYasuhiko Saitoh

SectorBasic Materials

IndustryChemicals - Specialty

IPO DateNov 25, 2008

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Company overview

Business model, segments, and competition.

Peer comparison

Metrics vs closest competitors.

Guidance & outlook

Forward guidance and assumptions.

Bull vs bear case

Upside drivers and key risks.

Valuation snapshot

Multiples vs history and peers.

Competitive moat

Defensibility and market position.

Management track record

Leadership and capital allocation history.

How it makes money

A short diagram of the business model.

Latest Documents

Mentions in Filings

#Shimizu Bank, Ltd. (The) 12,400 201,763 Shimizu Corp. 200,600 3,561,151 Shimojima Co., Ltd. 5,800 52,037 Shin Maint Holdings Co., Ltd. 4,400 34,827 Shin Nippon Air Technologies Co., Ltd. 13,300 283,226 Shinagawa Refra Co., Ltd. 19,100 265,340 Shindengen Electric Manufacturing Co., Ltd. 6,600 156,379 Shin-Etsu Chemical Co., Ltd. 210,800 7,008,902 Shin-Etsu Polymer Co., Ltd. 24,500 320,346 Shi …
Dimensional ETF TrustShin-Etsu Chemical Co., Ltd. Unsponsored ADR·NPORT-EX - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug
… n held for not more than one year prior to the end of the reporting period covered by this report, and have not been previously reported by name to the shareholders of the Fund or to any exchange, or set forth in any registration statement, application, or report to shareholders or otherwise made available to the public. Item C.1. Identification of investment. a. Name of issuer (if any). Shin-Etsu Chemical Co., Ltd. b. LEI (if any) of issuer. In
Dimensional ETF TrustShin-Etsu Chemical Co., Ltd. Unsponsored ADR·NPORT-P - NT NPORT-P - Notification of late filing (portfolio holdings)·Q1 26·13 Aug
quantities to a relatively small number of industrial users. During 2025, no single customer accounted for more than 10% of sales. We market most of our products and services primarily through our sales force and sell directly to various industrial customers, mass merchants, retailers, wholesalers, gun clubs, other distributors and the U.S. Government and its prime contractors. Sales to all U.S. government agencies and sales under U.S. govern …
OLIN CorpShin-Etsu Chemical Co., Ltd. Unsponsored ADR·ARS - Annual report to security holders·FY25·20 Mar
… nano Mainichi Shimbun Co., Ltd. | 657 Minamikencho, Nagano City | 158,389 | 17.90 | | Shin-etsu Broadcasting Employees' Stock Ownership Association | 1200-3 Tsuruga-Mongosho-cho, Nagano City | 68,642 | 7.76 | | Shin-Etsu Chemical Co., Ltd. | 1-4-1 Marunouchi, Chiyoda-ku, Tokyo | 63,000 | 7.12 | | Minoru Shiozawa | Toshima Ward, Tokyo | 59,000 | 6.67 | | Mariko Kosaka | Nagano City | 28,912 | 3.27 | | Hachijuni Nagano Bank, Ltd. | 178-8 Okada-cho, …
Sin-etsu Broadcasting Co.,Ltd.Shin-Etsu Chemical Co., Ltd. Unsponsored ADR·Interim Report - Semi-Annual Report (2026.04.01-2027.03.31)·13 Nov·12 Nov
… ,611.00 | 485,912,600 | 5,765.00 | 499,249,000 | 0.89 | | twenty one | Japan | stock | Mitsui & Co. | Wholesale | 97,400 | 4,825.00 | 469,955,000 | 5,009.00 | 487,876,600 | 0.87 | | twenty two | Japan | stock | Shin-Etsu Chemical Co., Ltd. | chemistry | 80,100 | 6,372.00 | 510,397,200 | 6,023.00 | 482,442,300 | 0.86 | | twenty three | Japan | stock | Marubeni | Wholesale | 97,200 | 4,930.00 | 479,196,000 | 4,928.00 | 479,001,600 | 0.85 | | twenty …
農林中金全共連アセットマネジメント株式会社Shin-Etsu Chemical Co., Ltd. Unsponsored ADR·Annual Report - Annual Securities Report (2026.02.16-2026.08.15)·13 Nov·12 Nov
… ,611.00 | 485,912,600 | 5,765.00 | 499,249,000 | 0.89 | | twenty one | Japan | stock | Mitsui & Co. | Wholesale | 97,400 | 4,825.00 | 469,955,000 | 5,009.00 | 487,876,600 | 0.87 | | twenty two | Japan | stock | Shin-Etsu Chemical Co., Ltd. | chemistry | 80,100 | 6,372.00 | 510,397,200 | 6,023.00 | 482,442,300 | 0.86 | | twenty three | Japan | stock | Marubeni | Wholesale | 97,200 | 4,930.00 | 479,196,000 | 4,928.00 | 479,001,600 | 0.85 | | twenty …
農林中金全共連アセットマネジメント株式会社Shin-Etsu Chemical Co., Ltd. Unsponsored ADR·Prospectus - Securities registration statement·13 Nov·12 Nov

Key Stats

Trading

Px/Chg 1D$19.33 / +2.49%

Avg Volume440.86K

Beta0.85

Mkt Cap71.90B

FD Mkt Cap69.03B

Float

Shrs Out/Float3.72B / 1.86B

Short Float0.00%

Days to Cover1.00

Stock Repurchased$530.16B

Current Valuation

EV-1171360968680.64

EV/EBITDA-1.24

EV/Sales-0.45

P/B0.02

P/S0.03

FCF Yield288.01%

ROE11.22%

ROA8.85%

Current Ratio5.94

Dividend

Cash$0.33

Yield2.51%

Yield (TTM)2.51%

Estimates

P/E0.15

Est P/E0.00

Est EPS0.07

Est PEG0.00

Valuation

Metric	5Yr Avg	Jun '22	Jun '23	Jun '24	Jun '25	Oct '26
PRICE-BASED RATIOS
Price / Earnings	0.35	0.09	0.09	0.15	0.64	0.78
Price / Sales	0.06	0.02	0.02	0.03	0.10	0.11
Price / Book Value	0.02	0.01	0.02	0.02	0.01	0.02
Price / Free Cash Flow	0.23	0.13	0.14	0.21	0.35	0.35
ENTERPRISE VALUE METRICS
Enterprise Value	-1,238,905.1	-935,393.6	-1,200,739.0	-1,435,390.5	-1,451,641.4	-1,171,361.0
Enterprise Value / Sales	-1.11	-0.45	-0.43	-0.59	-2.30	-1.80
Enterprise Value / EBITDA	-3.12	-1.08	-0.97	-1.40	-6.49	-5.68
Enterprise Value / EBIT	-4.38	-1.34	-1.18	-1.80	-9.21	-8.38

Financials

Full Financials

Millions JPY	5Yr CAGR (%)	Mar '22	Mar '23	Mar '24	Mar '25	Mar '26
INCOME STATEMENT
Revenue	7.1%	2,074,428.0	2,808,824.0	2,414,937.0	2,561,249.0	2,729,199.5
Gross Income	1.8%	868,003.0	1,214,107.0	911,209.0	984,121.0	933,912.8
EBITDA	1.8%	865,908.0	1,235,333.0	1,024,793.0	980,462.0	931,140.1
EBIT	-85.8%	697,120.0	1,021,701.0	797,174.0	742,105.0	673,513.9
Net Income	14.7%	500,117.0	708,238.0	520,140.0	534,021.0	503,072.6
EPS (Diluted)	2.8%	120.28	173.81	129.59	134.64	134.22
BALANCE SHEET
Cash & ST Inv	3.9%	1,436,080.0	1,600,648.0	1,719,709.0	1,811,678.0	1,674,325.5
Total Assets	8.8%	4,053,412.0	4,730,394.0	5,147,974.0	5,636,601.0	5,686,463.6
Total Liabilities	13.1%	624,207.0	704,187.0	723,905.0	799,019.0	1,023,016.8
Total Shareholder Equity	7.7%	3,329,295.0	3,874,208.0	4,262,765.0	4,662,470.0	4,483,793.0
CASH FLOW
Net Operating Cash Flow	8.1%	553,528.0	788,013.0	755,183.0	881,934.0	755,629.4
Cap Ex	17.4%	-197,556.0	-299,367.0	-377,478.0	-442,837.0	-374,946.1
Free Cash Flow	1.7%	355,972.0	488,646.0	377,705.0	439,097.0	380,683.4

Enterprise Value Bridge

Millions JPY		13 Nov '26
Price (As of 13 Nov '26)		17.97
Basic Shares		3,719.40
Market Cap		66,837.6
Diluted Shares		3,664.59
Fully Diluted Shares Outstanding		3,664.59
Fully Diluted Market Cap		65,852.7
+Consolidated Debt		404,061.2
−In-the-Money Convertible Debt		—
+Capital Leases		-
+Operating Leases		—
−Cash & Equivalents		-1,761,826.6
−Short-term Investments		-1,880.5
+Total Preferred		-
−In-the-Money Convertible Preferred		—
−Investments in Unconsolidated Subs		—
+Non-Controlling Interest		176,905.6
+Pension Liabilities		—
Enterprise Value		-1,114,022.2

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