Shin-Etsu Chemical Co., Ltd. Provides Dividend Guidance for the Year-End of Fiscal 2015; Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2014; Provides Earnings Guidance for the Year Ending March 31, 2015
January 29, 2015 at 03:00 pm
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Shin-Etsu Chemical Co., Ltd. expects to pay year-end cash dividend of JPY 50.00 per share and a total of JPY 100.00 for fiscal 2015, unchanged against last year.
The company reported consolidated earnings results for the nine months ended December 31, 2014. For the period, the company reported a net income of JPY 100.022 billion, or JPY 234.93 per diluted share, compared to JPY 92.534 billion, or JPY 217.65 per diluted share, for the same period ended December 31, 2012. Net sales were JPY 929.530 billion, compared to JPY 872.009 billion for the same period ended December 31, 2013. Operating income was JPY 140.036 billion, compared to JPY 134.936 billion for the same period ended December 31, 2013. Ordinary income was JPY 152.537 billion, compared to JPY 141.339 billion for the same period ended December 31, 2013. Income before income taxes and minority interests was JPY 152.537 billion, compared to JPY 141.339 billion for the same period ended December 31, 2013.
For the year ending March 31, 2015, the company expected net sales of JPY 1,180 billion, operating income of JPY 183 billion, ordinary income of JPY 190 billion, net income of JPY 120 billion and net income per share of JPY 281.89.
Shin-Etsu Chemical Co., Ltd. is a chemical group organized around 3 products family:
- chemical products (52.8% of net sales): polyvinyl chloride, silicones, methanol, methane chloride, cellulose derivatives, caustic soda, silicon, etc.;
- materials for electronic products (40.7%): encapsulation materials made with silicone, resins, adhesives, etc. for semiconductors, LED products, etc.;
- other (6.5%).
Net sales break down geographically as follows: Japan (26.1%), Asia (34.2%), the United States (22.9%), Europe (10.2%) and other (6.6%).
Shin-Etsu Chemical Co., Ltd. Provides Dividend Guidance for the Year-End of Fiscal 2015; Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2014; Provides Earnings Guidance for the Year Ending March 31, 2015