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4063 · TSE · Japan
In shortShin-etsu Chemical Co. is profitable, generates cash and holds more cash than debt, with revenue stable (+0.5% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 24.7% | 99/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 18.4% | 94/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 10.4% | 52/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 9.7% | 64/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 5.94× | 100/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.05× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 234.74× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 10.66 | 100/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 13.9% | 76/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.76× | 57/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 1 of 4 | 58/100 |
| Revenue growth volatility | 20.8% | 34/100 |
| Operating margin volatility | 3.0% | 81/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -2.9% | 1/100 |
|---|---|---|
| EPS growth, 3-year average | -10.1% | 0/100 |
Weight in the score: 10%
Fiscal year 2026 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
The last 5 fiscal years from the company's annual reports.
JPY millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 2,074,428 | 2,808,824 | 2,414,937 | 2,561,249 | 2,573,969 |
| Cost of revenue | – | – | – | 1,577,127 | 1,693,175 |
| Gross profit | – | – | – | 984,121 | 880,793 |
| Selling, general & admin | – | – | – | 242,016 | 245,588 |
| Operating income | – | – | – | 742,105 | 635,204 |
| Interest expense | – | – | – | 1,350 | 2,706 |
| Pre-tax income | – | – | – | 826,229 | 708,488 |
| Income tax | – | – | – | 246,128 | 202,198 |
| Net income | 500,117 | 708,238 | 520,140 | 534,021 | 474,459 |
| Diluted EPS | ¥240.55 | ¥347.61 | ¥259.13 | ¥269.28 | ¥252.49 |
10.66 Safe zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: EDINET (FSA Japan). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Mar 31, 2026 · Data updated Jun 19, 2026