Overview
Chemicals

Shin-Etsu Polymer Co.,Ltd.

Shin-Etsu Polymer is a specialty polymer manufacturer operating across four business segments: Electronic Devices (input devices, display-related devices, anisotropic conductive rubber connectors), Precision Molded Products (semiconductor containers, carrier tape, OA equipment parts, silicone rubber moldings), Living Environment & Lifestyle Materials (wrapping films, packaging materials, functional compounds, conductive polymers), and New Materials. The company serves diverse end markets including semiconductors, automotive, medical/scientific, electronics, and construction, leveraging proprietary silicone, PVC, and high-performance engineering plastics technologies. As a member of the Shin-Etsu Chemical group, it sources key raw materials (PVC resin and silicone) from its parent and maintains a global manufacturing and sales network.

Market Cap
¥181B
US$1.15B
EV
¥129B
US$822M
Stock¥2,247▲+0.49%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
6.3
x
LTM EV/EBIT
9.0
x
LTM PER
19.6
x
LTM PBR
1.4
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-3.7%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Mar 4, 26Activist investor stake reduction
2Jul 24, 26Q1 FY2027/03 earnings announced
MC → EV Bridge
181BUS$1.15BMarket Cap0.00BUS$0.00M+ Debt50.4BUS$322M− Cash1.46BUS$9.30M− Inv. Sec.129BUS$822MEV
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Performance & Balance
Revenue 5Y (¥B)
92.6US$591M'22/3108US$691M'23/3104US$666M'24/3111US$705M'25/3115US$734M'26/3
EBITDA 5Y (¥B)
13.3US$84.7M'22/316.7US$106M'23/315.6US$99.8M'24/319.0US$121M'25/320.3US$129M'26/3
Net Income 5Y (¥B)
6.31US$40.2M'22/38.53US$54.4M'23/38.67US$55.3M'24/39.43US$60.1M'25/39.90US$63.1M'26/3
Capital Structure
100%
EquityD/E 0.00xDebt
Liquidity vs Debt 5Y (¥B)▲ Net Cash
CashInv. Sec.Debt
49.6US$317M'22/347.8US$305M'23/343.6US$278M'24/345.8US$292M'25/351.2US$327M'26/3
Shareholders
Top 10 hold 71.1%
1
Shin-Etsu Chemical Co.,Ltd.
53.48%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.35%
3
Custody Bank of Japan, Ltd. (Trust Account)
2.60%
4
CEPLUX- THE INDEPENDENT UCITS PLATFORM 2 (Standing Proxy: Citibank, N.A., Tokyo Branch)
2.42%
5
Kotsushin K.K. Investment Business Limited Liability Partnership
1.22%
6
Nippon Life Insurance Company (Standing Proxy: The Master Trust Bank of Japan, Ltd.)
0.95%
7
STATE STREET BANK AND TRUST COMPANY 505103 (Standing Proxy: Mizuho Bank, Ltd.)
0.86%
8
THE BANK OF NEW YORK MELLON 140044 (Standing Proxy: Mizuho Bank, Ltd.)
0.84%
9
BNYM AS AGT/CLTS NON TREATY JASDEC (Standing Proxy: MUFG Bank, Ltd.)
0.75%
10
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
0.60%
Management
9 officers
Yoshiaki ONO
Chairman of the Board, Chairman Executive Officer
Toshiaki DETO
Representative Director, President, President Executive Officer
Osamu OWADA
Director, Managing Executive Officer, in charge of Information Systems and Environment & Safety; General Manager of Corporate Planning Department and Accounting Department
Osamu MIYASHITA
Director
Tamami MURATA
Director
Hideaki HIRASAWA
Full-time Audit & Supervisory Board Member
Yoshiaki TORIMARU
Full-time Audit & Supervisory Board Member
Tatsuo YOSHIHARA
Audit & Supervisory Board Member
Tomoko MORIYA
Audit & Supervisory Board Member
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-23
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-19
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-01-26
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-07
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-23
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-20
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-28
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-25
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-25
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-23
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-23
Annual Securities Report
EDINET
2022-02-10
Quarterly Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-12
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-09
Quarterly Securities Report
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