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Shin-Etsu Chemical Co., Ltd., First Half Ordinary Profit Increases by 4%, July-September Ordinary Profit Increases by 6%

Fri Oct 25, 2024 3:00 pm JST Earnings

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

Earnings Report

Shin-Etsu Chemical Co., Ltd. <4063> [TSE-P] announced its financial results after the market closed on October 25th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 3.6% from the same period last year, reaching 442 billion yen. The progress rate against the 820 billion yen full-year plan was 54.0%, also surpassing the five-year average of 50.5%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to grow by 4.8% from the same period last year, reaching 377 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew by 6.0% from the same period last year, reaching 223 billion yen. The operating profit margin remained almost flat, changing from 32.0% in the same period last year to 32.1%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 1,409,336 536,237 559,026 392,324 191.2 54.8 Oct 27, 2022 J-GAAP
Apr - Sep, 2023 1,195,902 381,919 427,508 301,439 149.7 54.3 Oct 27, 2023 J-GAAP
Apr - Sep, 2024 1,266,460 405,703 442,924 294,117 147.8 54.0 Oct 25, 2024 J-GAAP
YoY +5.9% +6.2% +3.6% -2.4% -1.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance ー ー ー ー － 53 Jul 26, 2024 J-GAAP
Apr - Sep, 2024 Results 1,266,460 405,703 442,924 294,117 147.8 53 Oct 25, 2024 J-GAAP
Revision Rate － － － － －

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
Jul - Sep, 2023 596,701 191,099 210,393 147,806 73.4 32.0 Oct 27, 2023 J-GAAP
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
YoY +12.0% +12.3% +6.0% +1.5% +2.8%

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