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Shin-Etsu Chemical (4063) investor relations material
Shin-Etsu Chemical Q1 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales rose 5.4% year-over-year to ¥662.4 billion, with operating income up 4.2% to ¥173.8 billion and net income attributable to owners of parent up 3.5% to ¥130.8 billion.
Growth was driven by strong demand in electronics materials, especially semiconductor-related products for AI, while infrastructure materials faced headwinds from declining demand and price pressures in Asia.
The company maintained a high equity ratio of 79.0% and increased net assets per share to ¥2,447.41.
Financial highlights
Gross profit increased to ¥229.8 billion from ¥225.8 billion year-over-year.
Operating income margin remained stable at 26.2% of net sales.
ROIC (annualized) improved to 16.0% and ROE (annualized) to 11.6%.
Cash dividends per share are forecast to rise to ¥116 for the year, up from ¥106.
Capital expenditures for the quarter were ¥91.7 billion, with depreciation and amortization at ¥57.5 billion.
Outlook and guidance
Full-year net sales are forecast at ¥2,700.0 billion (+4.9%), operating income at ¥700.0 billion (+10.2%), and net income attributable to owners of parent at ¥525.0 billion (+10.7%).
Net income per share is projected at ¥286, with a dividend payout ratio of 40.6%.
Management highlights ongoing uncertainty due to global economic conditions, market trends, and foreign exchange fluctuations.
- Operating income and net profit fell despite higher sales, with major share buybacks and investments.4063
Q4 202628 Apr 2026 - Operating and net income fell despite stable sales, with segment results mixed across markets.4063
Q3 202627 Jan 2026 - Sales up, profits down amid margin pressure and volatile global markets; guidance unchanged.4063
Q2 202624 Oct 2025 - Revenue rose 5% year-over-year, but profit margins and net income declined amid global headwinds.4063
Q1 202624 Jul 2025 - Sales and profits rose, but net income slipped on tax; full-year guidance and investments unchanged.4063
Q2 202513 Jun 2025 - Q1 FY2025 saw stable sales, strong electronics growth, and higher guidance amid global uncertainty.4063
Q1 202513 Jun 2025 - Earnings and cash flow hit record highs, with strong electronics growth and major share buybacks.4063
Q4 20256 Jun 2025 - Net sales and net income rose year-over-year, with robust segment growth and higher dividends.4063
Q3 20255 Jun 2025
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