# Nippon Sanso Holdings vs Shin-Etsu Chemical

> Unit: JPY millions (ratios in %)
> Periods: Nippon Sanso Holdings = FY ending Mar 2026, consolidated, IFRS / Shin-Etsu Chemical = FY ending Mar 2026, consolidated, J-GAAP
> Retrieved: 2026-09-30T18:29:29.478Z

| Metric | Nippon Sanso Holdings | Shin-Etsu Chemical |
| --- | ---: | ---: |
| Revenue | 1,359,611 | 2,573,969 |
| Operating income | 197,882 | 635,204 |
| Net income | 123,891 | 474,459 |
| COGS ratio | 57.2% | 65.8% |
| Operating margin | 14.6% | 24.7% |
| Net margin | 9.1% | 18.4% |
| FCF margin | 12.0% | 13.9% |
| Period | FY ending Mar 2026 | FY ending Mar 2026 |
| Source | S100YB9P | S100YE9I |

## 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 | Nippon Sanso Holdings | Shin-Etsu Chemical |
| --- | ---: | ---: |
| Revenue growth | 96.4 (96 peers) | 80.4 (23 peers) |
| Profitability | 90.5 (100 peers) | 89.6 (24 peers) |
| Cash conversion | 43.2 (96 peers) | 43.8 (24 peers) |
| Efficiency | 13.5 (100 peers) | 18.8 (24 peers) |
| Financial strength | — | — |

## Company details

- https://vizora.meequs.com/en/company/nippon-sanso-holdings/md
- https://vizora.meequs.com/en/company/shin-etsu-chemical/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).