Shin-Etsu Chemical Reports Increased Profit and Sales Growth

Shin-Etsu Chemical's nine-month profit surged due to sales growth. The company maintains its positive financial outlook and plans to increase dividends, indicating strong performance and investor confidence.

Date: 29-01-2025

AI Rating: 7

Earnings Growth: Shin-Etsu Chemical Co., Ltd. saw its net income attributable to owners increase by 6.4% to 432.54 billion Japanese yen, up from 406.53 billion yen last year. This reflects a strong performance year-on-year.

Earnings Per Share (EPS): The earnings per share rose to 217.53 yen, an increase from 202.23 yen a year ago, suggesting improved profitability on a per-share basis, which is often appealing to investors.

Revenue Growth: The company reported a 5.8% increase in net sales, reaching 1.93 trillion yen compared to last year's 1.82 trillion yen. This growth indicates strong demand for its products.

Operating Income: Operating income also saw an increase of 4.5%, reaching 584.44 billion yen, up from 559.53 billion yen in the prior year, which is a positive indicator of the company's operational efficiency.

Future Projections: Looking ahead, Shin-Etsu maintains a full-year net profit expectation of 533 billion yen, representing a growth of 2.5% from the previous year. Additionally, operating income is projected to rise by 4.8% to 735 billion yen, while annual sales are expected to grow by 3.5% year-on-year.

Dividend Increase: The expectation of a higher dividend payment of 106 yen per share compared to the previous year's 100 yen is likely to attract income-focused investors, further reflecting the company’s solid financial performance.

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