5013
Yushiro Inc.
株式会社ユシロ
Basic Materials · Chemicals
Yushiro Inc., together with its subsidiaries, manufactures and sells metalworking oils and fluids, and building maintenance products in Japan, the Americas, the United States, China, Southeast Asia, and India. The company offers cutting and grinding oils and fluids, including water miscible cutting and grinding fluids, and straight cutting and grinding oils; forming oils and fluids comprising water miscible cold rolling oils, straight rolling oils, hot rolling oils for seamless pipes, and non-graphite hot forging oils, as well as drawing, pressing oils and cold forging oils; and surface treatment agents, such as rust preventives, metal cleaners, car paint protective coatings, and car body protective waxes. It also provides water miscible cutting fluids for inner diamond blade saws; straight slurry bases for multi blade and multi wire saws, fire resistant water miscible slurry bases for multi wire saw, and water miscible slurry bases for multi wire saw; grinding fluids for aluminum and glass disks, and diamond slurries for magnetic heads; aluminum and magnesium diecast lubricants, urethane foam mold release agents, and plunger tip lubricants; aquaous quenchant products; fire resistant hydraulic fluids; and deodoran products. In addition, the company offers building maintenance products, including floor polishing chemicals, such as urethane and acrylic resin waxes, and water and oil-based floor waxes; floor cleaners comprising surface cleaners, stripping agents, and carpet cleaners; hand soaps; and floor maintenance equipment, including maintenance riding carts. Further, it engages in transportation and warehouse management activities. The company was formerly known as Yushiro Chemical Industry Co., Ltd. and changed its name to Yushiro Inc. in April 2025. Yushiro Inc. was founded in 1933 and is headquartered in Ota, Japan.
Price
¥3,320
Market Cap
¥44.9B
Ent. Value
¥38.0B
Net Cash
¥6.8B
Shares Out.
13.5M
P / E
10.4×
EV / EBIT
7.5×
P / Book
1.03×
P / NCAV
3.38×
Div. Yield
2.95%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Net Sales | ¥55.5B | ¥53.0B | ¥46.8B | ¥37.7B |
| Cost of Sales | ¥38.1B | ¥38.0B | ¥35.3B | ¥27.2B |
| Gross Profit | ¥17.4B | ¥15.0B | ¥11.5B | ¥10.4B |
| SG&A | ¥12.3B | ¥11.4B | ¥10.5B | ¥9.5B |
| Operating Income | ¥5.1B | ¥3.6B | ¥1.0B | ¥894M |
| Non-Operating Income | ¥1.3B | ¥1.1B | ¥568M | ¥741M |
| Dividend Income | ¥155M | ¥127M | ¥121M | ¥98M |
| Interest Income | ¥207M | ¥122M | ¥76M | ¥138M |
| Non-Operating Expenses | ¥248M | ¥89M | ¥175M | ¥92M |
| Interest Expense | ¥62M | ¥46M | ¥56M | ¥45M |
| Ordinary Income | ¥6.1B | ¥4.6B | ¥1.4B | ¥1.5B |
| Pre-tax Income | ¥6.2B | ¥4.5B | ¥1.7B | ¥1.5B |
| Income Taxes | ¥1.6B | ¥1.4B | ¥508M | ¥989M |
| Current Tax | ¥1.6B | ¥1.1B | ¥680M | ¥484M |
| Deferred Tax | ¥-50M | ¥242M | ¥-171M | ¥504M |
| Net Income (owners) | ¥4.3B | ¥3.0B | ¥898M | ¥273M |
| Minority Interest | ¥288M | ¥164M | ¥311M | ¥256M |
| Comprehensive Income | ¥5.9B | ¥6.3B | ¥4.3B | ¥2.4B |
| EBITDA | ¥6.5B | ¥4.9B | ¥2.3B | ¥2.1B |
| Goodwill Amort. (J-GAAP) | ¥256M | ¥238M | ¥221M | ¥186M |
| EPS | ¥317.90 | ¥221.20 | ¥66.04 | ¥20.07 |
| Shares Outstanding | 13.5M | 13.6M | 13.6M | 13.6M |
| Shares Issued (total) | 13.9M | 13.9M | 13.9M | 13.9M |
| Treasury Shares | 0.4M | 0.3M | 0.3M | 0.3M |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥63.4B | ¥62.2B | ¥56.3B | ¥51.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥31.7B | ¥30.1B | ¥25.8B | ¥21.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥12.4B | ¥12.3B | ¥8.0B | ¥7.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥31.7B | ¥32.0B | ¥30.5B | ¥29.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥10.8B | ¥10.9B | ¥10.9B | ¥11.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | ¥1.8B | ¥1.8B | ¥1.9B | ¥1.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥6.0B | ¥5.9B | ¥5.5B | ¥5.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥5.6B | ¥5.7B | ¥11.9B | ¥11.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥108M | ¥88M | ¥101M | ¥75M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥18.4B | ¥19.5B | ¥19.3B | ¥17.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥13.5B | ¥13.9B | ¥13.3B | ¥10.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥5.0B | ¥5.2B | ¥5.4B | ¥4.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥4.9B | ¥4.9B | ¥4.9B | ¥3.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥348M | ¥317M | ¥220M | ¥172M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥5.0B | ¥5.7B | ¥5.9B | ¥6.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥604M | ¥1.5B | ¥2.4B | ¥3.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥1.2B | ¥1.2B | ¥1.2B | ¥1.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥2.5B | ¥2.5B | ¥1.9B | ¥1.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥45.0B | ¥42.6B | ¥37.0B | ¥33.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥4.2B | ¥4.2B | ¥4.2B | ¥4.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥3.9B | ¥3.9B | ¥3.9B | ¥4.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥29.8B | ¥27.4B | ¥24.9B | ¥24.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-589M | ¥-384M | ¥-384M | ¥-384M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥6.1B | ¥5.0B | ¥2.0B | ¥-940M | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥37.4B | ¥35.2B | ¥32.7B | ¥32.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥1.5B | ¥2.4B | ¥2.3B | ¥2.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥5.5B | ¥6.4B | ¥7.3B | ¥6.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥6.8B | ¥6.0B | ¥693M | ¥1.1B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥13.3B | ¥10.6B | ¥6.5B | ¥4.6B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥981 | ¥780 | ¥476 | ¥336 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥2,765 | ¥2,589 | ¥2,399 | ¥2,379 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥4.8B | ¥4.3B | ¥174M | ¥294M |
| Interest Paid | ¥-65M | ¥-46M | ¥-55M | ¥-48M |
| Interest Received | ¥478M | ¥353M | ¥224M | ¥250M |
| D&A | ¥1.1B | ¥1.1B | ¥1.1B | ¥1.0B |
| Goodwill Amort. | ¥256M | ¥238M | ¥221M | ¥186M |
| Investing CF | ¥-1.1B | ¥413M | ¥59M | ¥-733M |
| CapEx | ¥766M | ¥461M | ¥525M | ¥398M |
| Purchase Investments | ¥-48M | ¥-23M | ¥-22M | ¥-8M |
| Proceeds from Invest. | — | — | ¥212M | — |
| Financing CF | ¥-2.4B | ¥-1.6B | ¥-83M | ¥-1.4B |
| Dividends Paid | ¥-1.1B | ¥-408M | ¥-517M | ¥-584M |
| Share Buybacks | ¥-205M | ¥0M | — | ¥0M |
| LT Debt Repaid | ¥-939M | ¥-963M | ¥-971M | ¥-939M |
| Free Cash Flow | ¥4.0B | ¥3.8B | ¥-351M | ¥-104M |
| Net Change in Cash | ¥1.8B | ¥3.7B | ¥636M | ¥-1.4B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 10.3% | 8.0% | 2.7% | 0.9% |
| ROA | 6.9% | 5.1% | 1.7% | 0.5% |
| EPS | ¥317.90 | ¥221.20 | ¥66.04 | ¥20.07 |
| DPS | ¥98.00 | ¥70.00 | ¥20.00 | ¥48.00 |
| BPS | ¥3,213.91 | ¥2,953.54 | ¥2,545.72 | ¥2,310.00 |
| FCF/Share | ¥299 | ¥282 | ¥-26 | ¥-8 |
| NCAV/Share | ¥981 | ¥780 | ¥476 | ¥336 |
| Payout Ratio | 30.8% | 31.6% | 30.3% | 239.2% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 5
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-15
15:30
|
Div Increase | ¥1.1B ¥82.0/sh +21% | Yushiro Inc. announced a dividend increase for fiscal year ending March 31, 2026, raising the interim dividend from 68 y… | |
|
Summary
Yushiro Inc. announced a dividend increase for fiscal year ending March 31, 2026, raising the interim dividend from 68 yen to 82 yen per share, effective June 8, 2026. The total annual dividend reaches 112 yen per share, representing a 14 yen increase (20.6%) year-over-year, with total payout of 1,068 million yen from retained earnings.
Deadline: 2026-06-08
YoY: +21%
Source (JP)
期末配当金につきましては、2026年3月期業績を踏まえ、直近の配当予想の68円から82円とすることを決議いたしました。この結果、1株当たりの年間配当金は中間配当金と合わせて112円となり、前期と比較し14円の増配となります。
剰余金の配当(増配)に関するお知らせ
TDnet PDF
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社(信託口)
|
1,360 | 10.06% |
| 2 |
Nippon Life Insurance
日本生命保険相互会社(常任代理人 日本マスタートラスト信託銀行株式会社)
|
1,057 | 7.82% |
| 3 |
Business Partner Stock Ownership Plan
ユシロ化学工業取引先持株会
|
992 | 7.34% |
| 4 |
suzuki motor corporation
スズキ株式会社
|
549 | 4.06% |
| 5 |
Sumitomo Mitsui Banking Corporation
株式会社三井住友銀行
|
518 | 3.83% |
| 6 |
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
|
475 | 3.52% |
| 7 |
Employee Stock Ownership Plan
ユシロ化学工業従業員持株会
|
459 | 3.39% |
| 8 |
MUFG Bank
株式会社三菱UFJ銀行
|
316 | 2.33% |
| 9 |
NAGASE & CO., LTD.
長瀬産業株式会社
|
243 | 1.80% |
| 10 | 今川 和明 | 209 | 1.55% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
13.6%
+0.2% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
32.1%
+0.2% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 45.7% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 9.28% | 9.52% | 10.06% +0.54% | |
| Nippon Life Insurance 日本生命保険 | 7.76% | 7.76% | 7.82% +0.06% | |
| Business Partner Stock Ownership Plan ユシロ化学工業取引先持株会 | 7.02% | 7.02% | 7.34% +0.32% | |
| suzuki motor corporation スズキ | 4.03% | 4.03% | 4.06% +0.03% | |
| Sumitomo Mitsui Banking Corporation 三井住友銀行 | 4.02% | 3.81% | 3.83% +0.02% | |
| Japan Custody Bank 日本カストディ銀行 | 3.30% | 3.83% | 3.52% -0.31% | |
| Employee Stock Ownership Plan ユシロ化学工業従業員持株会 | 3.59% | 3.04% | 3.39% +0.35% | |
| MUFG Bank 式会社三菱UFJ銀行 | 2.32% | 2.32% | 2.33% +0.01% | |
| NAGASE & CO., LTD. 長瀬産業 | — | 1.79% | 1.80% +0.01% | |
| 今川 和明 NEW ENTRY | — | — | — | 1.55% NEW |
| Mitsui Sumitomo Insurance Company, Limited 三井住友海上火災保険 last seen 2024 | Exited Top 10 | 2.10% | 2.10% | — |
| ビービーエイチ ボストン フォーノムラ ジャパン スモーラー キャピタライゼイション ファンド last seen 2023 | Exited Top 10 | 1.91% | — | — |
| Concentration (HHI) ⓘ | 265 | 268 | 282 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥5,440M
+28% since 2023
Holdings
29
+5 new
4 exited
Trend
8 building
vs 2023
| Held Company | FY2025 ¥5,440M total | FY2023 ¥4,247M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
suzuki motor corporation
スズキ㈱
|
2,228 |
+300.0%
↑
1,231,200
|
1,478 | 307,800 | M |
|
Nippon Fine Chemical Co., Ltd.
日本精化㈱
|
573 |
286,700
|
750 | 286,700 | M |
|
NAGASE & CO., LTD.
長瀬産業㈱
|
398 |
150,000
|
305 | 150,000 | M |
|
TOYOTA TSUSHO CORPORATION
豊田通商㈱ (注)3
|
383 |
NEW
New
153,666
|
— | ||
|
NIHON PARKERIZING CO., LTD.
日本パーカライジング㈱
|
296 |
250,200
|
248 | 250,200 | M |
|
ISUZU MOTORS LIMITED
いすゞ自動車㈱
|
215 |
+5.6%
↑
106,680
|
159 | 100,981 | |
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ (注)4
|
190 |
NEW
New
50,151
|
— | ||
|
ENEOS Holdings,Inc.
ENEOSホールディングス㈱
|
167 |
214,000
|
99 | 214,000 | M |
|
AEON DELIGHT CO., LTD.
イオンディライト㈱
|
157 |
+11.3%
↑
29,269
|
79 | 26,307 | |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
124 |
61,712
|
52 | 61,712 | |
|
Nissin Shoji Co., Ltd.
日新商事㈱
|
103 |
115,800
|
105 | 115,800 | M |
|
JTEKT Corporation
㈱ジェイテクト
|
75 |
+5.9%
↑
66,542
|
64 | 62,845 | |
|
OSG Corporation
オーエスジー㈱
|
71 |
+3.1%
↑
43,741
|
84 | 42,436 | |
|
YASUNAGA CORPORATION
㈱安永
|
68 |
144,600
|
148 | 144,600 | M |
|
JFE Holdings,Inc.
JFEホールディングス㈱
|
61 |
33,625
|
56 | 33,625 | |
|
Harima Bistem Co., Ltd.
㈱ハリマビステム
|
50 |
NEW
New
71,140
|
— | ||
|
NIPPON SHOKUBAI CO., LTD.
㈱日本触媒
|
44 |
+300.0%
↑
25,768
|
34 | 6,442 | M |
|
NISSAN MOTOR CO., LTD.
日産自動車㈱
|
40 |
+6.6%
↑
106,537
|
50 | 99,918 | |
|
MORESCO Corporation
㈱MORESCO
|
36 |
NEW
New
30,000
|
— | M | |
| コスモエネルギーHD㈱ | 32 |
5,000
|
21 | 5,000 | |
|
NACHI-FUJIKOSHI CORP.
不二越㈱
|
29 |
+9.2%
↑
8,607
|
31 | 7,879 | |
| オーウェル㈱ | 28 |
30,000
|
23 | 30,000 | M |
|
KANSAI PAINT CO.,LTD.
関西ペイント㈱
|
23 |
NEW
New
11,000
|
— | ||
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
22 |
5,642
|
10 | 5,642 | |
|
NSK Ltd.
日本精工㈱
|
19 |
30,000
|
22 | 30,000 | |
|
TOYOBO CO.,LTD.
東洋紡㈱
|
3 |
3,500
|
3 | 3,500 | |
|
Panasonic Holdings Corporation
パナソニックホールディングス㈱
|
3 |
1,840
|
2 | 1,840 | |
| 双日ホールディングス㈱ | 2 |
646
|
1 | 646 | |
| 月島機械㈱ | — | — | |||
|
TOYOTA TSUSHO CORPORATION
豊田通商㈱
|
— |
−100%
Exit
—
|
287 | 51,222 | |
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
|
— |
−100%
Exit
—
|
88 | 16,717 | |
|
Harima Bistem Co., Ltd.
㈱ハリマビステム(注)3
|
— |
−100%
Exit
—
|
29 | 14,228 | |
|
KANSAI PAINT CO.,LTD.
関西ペイント㈱(注)4
|
— |
−100%
Exit
—
|
19 | 11,000 | |
| Portfolio total | 5,440 | 4,247 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding