Shin-Etsu Chemical Co., Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016
January 28, 2016 at 03:00 pm
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Shin-Etsu Chemical Co., Ltd. reported consolidated earnings results for the nine months ended December 31, 2015. For the period, the company reported a net income attributable to owners of the parent was JPY 116.419 billion, or JPY 273.31 per diluted share, compared to JPY 100.022 billion, or JPY 234.88 per diluted share, for the same period ended December 31, 2014. Net sales were JPY 975.914 billion, compared to JPY 929.530 billion for the same period ended December 31, 2014. Operating income was JPY 162.427 billion, compared to JPY 140.036 billion for the same period ended December 31, 2014. Ordinary income was JPY 170.736 billion, compared to JPY 152.537 billion for the same period ended December 31, 2014. Income before income taxes and non-controlling interests was JPY 170.736 billion, compared to JPY 152.537 billion for the same period ended December 31, 2014.
For the year ending March 31, 2016, the company expected net sales of JPY 1,270 billion, operating income of JPY 197 billion, ordinary income of JPY 210 billion, net income attributable to owners of the parent of JPY 140 billion and net income per share of JPY 328.71.
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. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2015; Provides Earnings Guidance for the Year Ending March 31, 2016