# Shin-Etsu Chemical vs Mitsui Chemicals

> Unit: JPY millions (ratios in %)
> Periods: Shin-Etsu Chemical = FY ending Mar 2026, consolidated, J-GAAP / Mitsui Chemicals = FY ending Mar 2026, consolidated, IFRS
> Retrieved: 2026-09-30T21:19:58.606Z

| Metric | Shin-Etsu Chemical | Mitsui Chemicals |
| --- | ---: | ---: |
| Revenue | 2,573,969 | 1,668,754 |
| Operating income | 635,204 | 73,809 |
| Net income | 474,459 | 34,378 |
| COGS ratio | 65.8% | 77.2% |
| Operating margin | 24.7% | 4.4% |
| Net margin | 18.4% | 2.1% |
| FCF margin | 13.9% | 4.5% |
| Period | FY ending Mar 2026 | FY ending Mar 2026 |
| Source | S100YE9I | S100YGUI |

## Five-axis industry profile

Each axis shows a rank within that company's primary industry, so peer groups may differ. Missing values are labeled unavailable; no combined score is calculated. Industry rank is not an investment recommendation.

| Axis | Shin-Etsu Chemical | Mitsui Chemicals |
| --- | ---: | ---: |
| Revenue growth | 80.4 (23 peers) | 56.8 (96 peers) |
| Profitability | 89.6 (24 peers) | 23.5 (100 peers) |
| Cash conversion | 43.8 (24 peers) | 85.9 (96 peers) |
| Efficiency | 18.8 (24 peers) | 67.5 (100 peers) |
| Financial strength | — | — |

## Company details

- https://vizora.meequs.com/en/company/shin-etsu-chemical/md
- https://vizora.meequs.com/en/company/mitsui-chemicals/md

## Definitions

- Amounts are in millions of JPY (rounded). The period is stated in each table heading
- Operating margin = operating income ÷ revenue. Net income is attributable to owners of the parent when disclosed
- Free cash flow (FCF) = operating cash flow − capital expenditure
- ¥100 model = breakdown per ¥100 of revenue (rounded so parts sum to 100)
- Segment revenues include inter-segment sales and may not sum to consolidated revenue
- Source IDs are EDINET document IDs (docID). "算出" (derived) means computed from other disclosed values
- All figures are extracted mechanically from filings. AI-written text never generates figures
- Source: company filings submitted to EDINET (Financial Services Agency of Japan). Figures were extracted, edited and processed, and charts and text were created, by Vizora — not by the FSA (used under the Public Data License v1.0).