Shin-Etsu Chemical
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Shin-Etsu Chemical (4063) investor relations material

Shin-Etsu Chemical Q3 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2026 earnings summary27 Jan, 2026

Executive summary

  • Net sales for the first three quarters ended December 31, 2025, were ¥1,934.0 billion, up 0.2% year-over-year, with operating income at ¥498.0 billion, down 14.8% year-over-year, and net income attributable to owners at ¥384.3 billion, down 11.1% year-over-year.

  • Operating, ordinary, and net income achieved about 80% of the full-year forecasts announced in July, despite a challenging global economic and geopolitical environment.

  • The company maintained close customer communication, reliable supply, and agile sales, focusing on business growth and product development.

Financial highlights

  • Gross profit for the period was ¥679.4 billion, down from ¥759.3 billion year-over-year.

  • Operating income margin decreased to 25.8% from 30.3% year-over-year.

  • ROIC (annualized) was 15.3%, down from 19.5% year-over-year; ROE (annualized) was 11.4%, down from 13.3%.

  • Net assets per share as of December 31, 2025, were ¥2,304.

  • Cash and deposits decreased to ¥1,485.9 billion, mainly due to share repurchases and dividend payments.

Outlook and guidance

  • Full-year forecast for FY2025 (ending March 31, 2026): net sales ¥2,400.0 billion (down 6.3% year-over-year), operating income ¥635.0 billion (down 14.4%), net income attributable to owners ¥470.0 billion (down 12.0%), and annual dividend of ¥106 per share.

  • No revision to the previously announced forecast.

Impact of share repurchase on debt levels
How is Chinese oversupply affecting segment profits?
What specific investments support future growth targets?
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Frequently asked questions

Shin-Etsu Chemical Co. Ltd produces and sells a variety of chemical products, including polyvinyl chloride (PVC), silicones, semiconductor silicon, and rare earth magnets. It supplies materials for construction, electronics, and automotive industries. The company is headquartered in Tokyo, Japan, and its shares are listed on the TSE.

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