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

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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%.

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	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%