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Shin-Etsu Chemical, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 5%, Oct-Dec Ordinary Profit Increases by 7%

Wed Jan 29, 2025 12:00 pm JST Earnings

4063 Shin-Etsu Chemical Co., Ltd. 【J-GAAP】

Earnings Report

Shin-Etsu Chemical Co., Ltd. <4063> [TSE Prime] announced its financial results at noon (12:00) on January 29th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 4.6% from the same period last year, reaching 644 billion yen. The progress rate toward the full-year plan of 820 billion yen was 78.6%, also surpassing the five-year average of 76.2%.

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 2.5% from the same period last year, reaching 175 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 7.0% from the same period last year, reaching 201 billion yen. However, the operating profit margin decreased from 28.3% in the same period last year to 26.9%.

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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 2,163,237 808,227 824,217 578,519 283.3 80.8 Jan 26, 2023 J-GAAP
Apr - Dec, 2023 1,823,403 559,528 615,732 406,529 202.4 78.2 Jan 26, 2024 J-GAAP
Apr - Dec, 2024 1,929,698 584,439 644,231 432,539 217.8 78.6 Jan 29, 2025 J-GAAP
YoY +5.8% +4.5% +4.6% +6.4% +7.6%

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 1,219,035 319,119 359,720 218,701 109.1 50 Apr 25, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,233,540 329,297 377,076 238,883 121.9 53 Oct 25, 2024 J-GAAP
YoY +1.2% +3.2% +4.8% +9.2% +11.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 2,808,824 998,202 1,020,211 708,238 347.8 100 Apr 27, 2023 J-GAAP
Mar, 2024 2,414,937 701,038 787,228 520,140 259.4 100 Apr 25, 2024 J-GAAP
Mar, 2025 Guidance 2,500,000 735,000 820,000 533,000 272.0 106 Jul 26, 2024 J-GAAP
YoY +3.5% +4.8% +4.2% +2.5% +4.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 627,501 177,609 188,224 105,090 52.3 28.3 Jan 26, 2024 J-GAAP
Jan - Mar, 2024 591,534 141,510 171,496 113,611 56.7 23.9 Apr 25, 2024 J-GAAP
Apr - Jun, 2024 597,930 191,023 219,810 144,021 72.2 31.9 Jul 26, 2024 J-GAAP
Jul - Sep, 2024 668,530 214,680 223,114 150,096 75.4 32.1 Oct 25, 2024 J-GAAP
Oct - Dec, 2024 663,238 178,736 201,307 138,422 69.7 26.9 Jan 29, 2025 J-GAAP
YoY +5.7% +0.6% +7.0% +31.7% +33.2%

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