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Shin-Etsu Chemical (4063) investor relations material
Shin-Etsu Chemical Q4 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Net sales rose 0.5% year-over-year to ¥2,573.9 billion, while operating income fell 14% to ¥635.2 billion and net income attributable to owners of parent declined 11% to ¥474.4 billion.
Results aligned with prior forecasts despite global economic headwinds, including U.S. policy shifts, persistent Chinese oversupply, and the outbreak of war in the Middle East.
Focus remains on business growth, product development for AI and semiconductors, and continued capital investment.
Financial highlights
Operating income margin decreased to 24.7% from 29.0% year-over-year.
ROE dropped to 10.4% from 12.0%; ROIC fell to 14.6% from 18.2%.
Cash and cash equivalents at year-end decreased 36% to ¥562.0 billion, mainly due to share repurchases and capital investments.
Dividend payout ratio increased to 41.9% (annual dividend maintained at ¥106 per share).
Outlook and guidance
No forecast for FY2027 due to uncertainty from energy/raw material price fluctuations and geopolitical risks.
Management targets continued annual revenue and earnings growth, with a focus on resilience and agility in response to market changes.
- 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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