kabutan

Shin-Etsu Chemical extends gains for fifth day on 2,500 billion yen share buyback plan

Thu Apr 30, 2026 9:19 am JST Catalyst

Shin-Etsu Chemical Co., Ltd. <4063> extended its gains for a fifth consecutive day. The rally came after the company announced after market close on the 28th that it will implement a share buyback program of up to 45 million shares (2.42% of issued shares excluding treasury stock) or 2,500 billion yen. The acquisition period will run from May 21 to April 27 next year, and will be conducted as part of shareholder returns.

At the same time, the company released its consolidated financial results for the fiscal year ending March 2026, reporting sales of 2,573.9 billion yen (up 0.5% year-on-year), operating profit of 635.24 billion yen (down 14.4%), and net profit of 474.459 billion yen (down 11.2%). While semiconductor materials such as silicon wafers, photoresists, and mask blanks expanded as the semiconductor market saw demand improve in areas beyond AI-related activity, the company was affected by weak market conditions for polyvinyl chloride.

Regarding the earnings forecast for the fiscal year ending March 2027, the company stated that "it is difficult to make a reasonable forecast in light of the Middle East situation and the resulting supply constraints and price fluctuations of energy and basic materials," adding that it will disclose the forecast promptly once it becomes possible.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.

Related Articles