FX.co ★ Shin-Etsu Chemical 9M Results Rise; Confirms FY Outlook

Shin-Etsu Chemical Co., Ltd., based in Japan, announced on Wednesday that its profit for the first nine months of the year showed an increase compared to the previous year, driven by rising sales. The company also reiterated its annual forecast and planned dividend distribution.

During this period, the net income attributable to the parent company's shareholders rose by 6.4 percent, reaching 432.54 billion Japanese yen, up from 406.53 billion yen the previous year. Additionally, earnings per share climbed to 217.53 yen from 202.23 yen in the prior year.

Operating income saw a 4.5 percent increase, totaling 584.44 billion yen compared to 559.53 billion yen recorded last year.

Net sales experienced a growth of 5.8 percent, amounting to 1.93 trillion yen, up from 1.82 trillion yen the year before.

Looking ahead, for the full fiscal year, Shin-Etsu maintains its projection of a net profit attributable to shareholders to reach 533 billion yen, or 268 yen per share, which signifies a 2.5 percent rise from the last year. Operating income is anticipated to stand at 735 billion yen, reflecting a 4.8 percent increase.

The company is also forecasting an annual sales growth of 3.5 percent year-on-year, aiming to achieve sales of 2.50 trillion yen.

For the entire year, Shin-Etsu plans to distribute a total dividend of 106 yen per share, surpassing the previous year's dividend of 100 yen per share.