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

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%.

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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%

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