Stock Information
Major Shareholders
Last Update Date: September 30,2023
Name of Shareholder | Number of Shares Held (Thousand shares) |
Holding Ratio (%) |
---|---|---|
The Master Trust Bank of Japan, Ltd. (Trust Account) | 361,214 | 18.01 |
Custody Bank of Japan, Ltd. (Trust Account) | 139,670 | 6.96 |
Nippon Life Insurance Company | 76,765 | 3.83 |
JP MORGAN CHASE BANK 385632 | 76,629 | 3.82 |
The Hachijuni Bank, Ltd. | 58,953 | 2.94 |
Meiji Yasuda Life Insurance Company | 53,439 | 2.66 |
SSBTC CLIENT OMNIBUS ACCOUNT | 51,798 | 2.58 |
GOVERNMENT OF NORWAY | 42,722 | 2.13 |
STATE STREET BANK WEST CLIENT – TREATY 505234 | 34,402 | 1.72 |
JP MORGAN CHASE BANK 385781 | 26,246 | 1.31 |
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/2020 | Mar/2021 | Mar/2022 | Mar/2023 | Mar/2024 | |
---|---|---|---|---|---|
Interim dividend | 110 | 110 | 150 | 225 | 50 |
Year-end dividend | 110 | 140 | 250 | 275 | 50 (forecast) |
Annual dividend | 220 | 250 | 400 | 500 | 100 (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) |
April 28, 2022 to June 20, 2022 | 5,717,200 shares | 999.99 | Market purchases on the Tokyo Stock Exchange |
July 28, 2022 to December 21, 2022 | 6,121,000 shares | 999.98 | Market purchases on the Tokyo Stock Exchange |
July 28, 2023 to October 24, 2023 | 22,431,200 shares | 999.99 | Market purchases on the Tokyo Stock Exchange |
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 |
Daiwa Securities Co. Ltd. | Hidemitsu Umebayashi |
Goldman Sachs Japan Co., Ltd. | Atsushi Ikeda |
Jefferies Japan Securities | Shun Igarashi |
JPMorgan Securities Japan Co., Ltd. | Yasuhiro Nakada |
Macquarie Capital Securities (Japan) Limited | Damian Thong |
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 |