Shin-Etsu Polymer, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 13%, Oct-Dec Ordinary Profit Increases by 34%

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Tue Jan 28, 2025 3:30 pm JST Earnings

7970 Shin-Etsu Polymer Co.,Ltd. 【J-GAAP】

Earnings Report

Shin-Etsu Polymer Co.,Ltd. <7970> [TSE Prime] announced its financial results after the market closed on January 28th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 12.9% from the same period last year, reaching 10.4 billion yen. The progress rate toward the full-year plan of 13 billion yen was 80.6%, also surpassing the five-year average of 77.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to grow 12.2% from the same period last year, reaching 2.52 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 33.6% from the same period last year, reaching 3.83 billion yen. The operating profit margin rose from 11.3% in the same period last year to 13.7%.

Kabutan News

Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	82,175	10,750	11,120	7,633	94.6	85.6	Jan 25, 2023	J-GAAP
Apr - Dec, 2023	80,289	8,926	9,277	6,850	84.7	80.5	Jan 25, 2024	J-GAAP
Apr - Dec, 2024	83,518	10,860	10,472	7,332	90.9	80.6	Jan 28, 2025	J-GAAP
YoY	+4.0%	+21.7%	+12.9%	+7.0%	+7.3%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	50,923	5,167	5,127	4,057	50.2	24	Apr 24, 2024	J-GAAP
Oct - Mar, 2024 Guidance	51,263	5,878	6,367	4,211	52.4	25	Oct 24, 2024	J-GAAP
YoY	+0.7%	+13.8%	+24.2%	+3.8%	+4.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	108,278	12,749	12,986	8,529	105.7	38	Apr 26, 2023	J-GAAP
Mar, 2024	104,379	11,050	11,530	8,674	107.3	46	Apr 24, 2024	J-GAAP
Mar, 2025 Guidance	106,000	12,800	13,000	8,800	109.6	50	Oct 24, 2024	J-GAAP
YoY	+1.6%	+15.8%	+12.7%	+1.5%	+2.1%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	26,833	3,043	2,874	2,233	27.6	11.3	Jan 25, 2024	J-GAAP
Jan - Mar, 2024	24,090	2,124	2,253	1,824	22.6	8.8	Apr 24, 2024	J-GAAP
Apr - Jun, 2024	25,625	3,218	3,424	2,265	28.1	12.6	Jul 25, 2024	J-GAAP
Jul - Sep, 2024	29,112	3,704	3,209	2,324	28.8	12.7	Oct 24, 2024	J-GAAP
Oct - Dec, 2024	28,781	3,938	3,839	2,743	34.0	13.7	Jan 28, 2025	J-GAAP
YoY	+7.3%	+29.4%	+33.6%	+22.8%	+23.1%