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

 

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

*Excluding acquisition of treasury stock for the purpose of Issuance of Stock Acquisition Rights in the form of Stock Options .


Ratings


Last Update Date: June 13,2023
Rating Agency Long-term Ratings
Moody’s Aa3
R&I AA+
JCR AAAp
 

 

 

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
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: December 18, 2023

Stock Performance