Stock Information

Major Shareholders


Last Update Date: March 31,2022
Name of Shareholder Number of
Shares Held
(Thousand shares)
Holding
Ratio (%)
The Master Trust Bank of Japan, Ltd. (Trust Account) 83,450 20.1
Custody Bank of Japan, Ltd. (Trust Account) 26,690 6.4
Nippon Life Insurance Company 16,669 4.0
JP MORGAN CHASE BANK 385632 16,608 4.0
The Hachijuni Bank, Ltd. 11,790 2.8
Custody Bank of Japan, Ltd. (Trust Account 4) 11,760 2.8
Meiji Yasuda Life Insurance Company 10,687 2.6
SSBTC CLIENT OMNIBUS ACCOUNT 9,877 2.4
GOVERNMENT OF NORWAY 9,256 2.2
STATE STREET BANK WEST CLIENT – TREATY 505234 5,940 1.4

The holding ratios are computed net of this treasury stock.

Shareholders’ Returns


Basic Policy Concerning Profit-sharing

From the long-term perspective, we are focusing on expanding profitability and maintaining a solid financial base, and our basic policy is to return the fruits of such management efforts to our shareholders in a proper, stable manner. We strive to increase our corporate value by allocating internal reserves for capital investments, R&D investments and M&A deals and aggressively using them for enhanced global competitiveness, future business development and further growth. We will maintain our financial base, which will support our efforts to confront the drastic economic fluctuations that may occur. Based on this policy, we emphasize shareholder return as part of our capital policy and strive to provide, while considering various circumstances, stable dividends at a dividend payout ratio of around 35% in the medium- to long-term.

 

Trend of Dividend per Share

(yen/share)

  Mar/2018 Mar/2019 Mar/2020 Mar/2021 Mar/2022
Interim dividend 65 100 110 110 150
Year-end dividend 75 100 110 140 250
(forecast)
Annual dividend 140 200 220 250 400
(forecast)

 

Repurchase of treasury stock in the past five years

Purchase period Number of shares purchased Total share purchase amount (billion yen) Purchase method
March 13, 2019 to May 20, 2019 10,943,900 shares 100.00 Market purchases on the Tokyo Stock Exchange (including ToSTNeT-3)

 


Ratings


Last Update Date: March 31,2022
Rating Agency Long-term Ratings
Moody’s Aa3
R&I AA+
JCR AA+p

 

 

Analysts’ Coverage


Companies with analysts covering Shin-Etsu are :
Company Analyst
BofA Securities Japan Co., Ltd. Takashi Enomoto
Citigroup Global Markets Japan Inc. Yuta Nishiyama
CLSA Securities Japan Co., Ltd. Yifan Zhang
Credit Suisse Securities (Japan) Limited Yoshiyasu Takemura
Daiwa Securities Co. Ltd. Hidemitsu Umebayashi
Goldman Sachs Japan Co., Ltd. Atsushi Ikeda
Jefferies Japan Limited Yoshihiro Azuma
JPMorgan Securities Japan Co., Ltd. Tomotaro Sano
Macquarie Capital Securities (Japan) Limited Yasuhiro Nakada
Mitsubishi UFJ Morgan Stanley Securities Co., Ltd. Ryoichi Watanabe
Mizuho Securities Co., Ltd. Mikiya Yamada
Morgan Stanley MUFG Securities Co., Ltd. Takato Watabe
Nomura Securities Co., Ltd. Shigeki Okazaki
Okasan Securities Co., Ltd. Takashi Nishihira
SBI Securities Co., Ltd. Masami Sawato
SMBC Nikko Securities Inc. Go Miyamoto
Tokai Tokyo Research Institute Co., Ltd. Shuichi Nakahara
UBS Securities Japan Co., Ltd. Shunta Omura
Last Update Date: January 5, 2021

Stock Performance