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Shin-Etsu Polymer, First Half Ordinary Profit Increases by 9%, Current Fiscal Year Dividend Revised Upward by 4 Yen

Thu Oct 23, 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 October 23rd (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 9.3% from the same period last year, reaching 7.24 billion yen. Progress toward the full-year plan of 14.0 billion yen was 51.8%, almost the same as the five-year average of 50.1%.

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 2.6% from the same period last year, reaching 6.75 billion yen.

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 56 yen to 60 yen (compared to 52 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit amounted to 3.26 billion yen, an increase of 1.7% compared to the same period last year. However, the operating profit margin decreased from 12.7% in the same period last year to 11.7%.

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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, 2023 53,456 5,883 6,403 4,617 57.0 55.5 Oct 26, 2023 J-GAAP
Apr - Sep, 2024 54,737 6,922 6,633 4,589 56.8 50.2 Oct 24, 2024 J-GAAP
Apr - Sep, 2025 56,215 7,110 7,247 5,483 68.1 51.8 Oct 23, 2025 J-GAAP
YoY +2.7% +2.7% +9.3% +19.5% +19.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 28 Jul 23, 2025 J-GAAP
Apr - Sep, 2025 Results 56,215 7,110 7,247 5,483 68.1 30 Oct 23, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 113,500 13,900 14,000 9,500 118.6 56 Jul 23, 2025 J-GAAP
Mar, 2026 New 113,500 13,900 14,000 9,500 118.6 60 Oct 23, 2025 J-GAAP
Revision Rate 0.0% 0.0% 0.0% 0.0% 0.0%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 55,845 6,349 6,585 4,841 60.1 27 Apr 24, 2025 J-GAAP
Oct - Mar, 2025 Guidance 57,285 6,790 6,753 4,017 50.2 30 Oct 23, 2025 J-GAAP
YoY +2.6% +6.9% +2.6% -17.0% -16.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 104,379 11,050 11,530 8,674 107.3 46 Apr 24, 2024 J-GAAP
Mar, 2025 110,582 13,271 13,218 9,430 117.0 52 Apr 24, 2025 J-GAAP
Mar, 2026 Guidance 113,500 13,900 14,000 9,500 118.6 60 Oct 23, 2025 J-GAAP
YoY +2.6% +4.7% +5.9% +0.7% +1.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Jan - Mar, 2025 27,064 2,411 2,746 2,098 26.0 8.9 Apr 24, 2025 J-GAAP
Apr - Jun, 2025 27,977 3,820 3,985 3,109 38.7 13.7 Jul 23, 2025 J-GAAP
Jul - Sep, 2025 28,238 3,290 3,262 2,374 29.5 11.7 Oct 23, 2025 J-GAAP
YoY -3.0% -11.2% +1.7% +2.2% +2.5%

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