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Shin-Etsu Chemical (4063) investor relations material
Shin-Etsu Chemical Q2 2027 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 FY2027 net sales rose 11% YoY to ¥1,420.6bn; operating income increased 16% to ¥385.9bn and parent net income rose 11% to ¥286.9bn.
July–September operating income grew 27% YoY and ordinary income 20%, with management citing strong AI-related demand and continued focus on growth and operating performance.
Financial highlights
H1 gross profit was ¥510.9bn versus ¥455.7bn; operating income ¥385.9bn versus ¥333.9bn; ordinary income ¥415.1bn versus ¥367.3bn.
Parent net income was ¥286.9bn versus ¥257.8bn; EPS was ¥155.71 versus ¥136.61.
Comprehensive income was ¥407.1bn versus ¥78.8bn, including foreign-currency translation adjustments of ¥100.9bn versus a loss of ¥192.6bn.
Operating cash flow was ¥347.1bn versus ¥410.8bn; investing cash outflow was ¥300.7bn versus ¥256.6bn.
Outlook and guidance
FY2027 forecast unchanged: net sales ¥2,700bn (+5%), operating income ¥700bn (+10%), ordinary income ¥770bn (+9%) and parent net income ¥525bn (+11%).
Forecast EPS is ¥286; operating margin 25.9% versus 24.7% in FY2026, and parent net income margin 19.4% versus 18.4%.
Annual dividend forecast is ¥136/share, including a ¥20 anniversary dividend; interim ¥78 comprises ¥58 ordinary and ¥20 commemorative, with ¥58 expected at year-end.
Forecast exchange rates from October 2026: ¥157/$ and ¥176/€; actual results remain exposed to economic conditions, market trends and currency movements.
- Strong AI-driven electronics growth offset infrastructure headwinds, boosting outlook and dividends.4063
Q1 2027 - Operating income and net profit fell despite higher sales, with major share buybacks and investments.4063
Q4 2026 - Operating and net income fell despite stable sales, with segment results mixed across markets.4063
Q3 2026 - Sales up, profits down amid margin pressure and volatile global markets; guidance unchanged.4063
Q2 2026 - Revenue rose 5% year-over-year, but profit margins and net income declined amid global headwinds.4063
Q1 2026 - Sales and profits rose, but net income slipped on tax; full-year guidance and investments unchanged.4063
Q2 2025 - Q1 FY2025 saw stable sales, strong electronics growth, and higher guidance amid global uncertainty.4063
Q1 2025 - Earnings and cash flow hit record highs, with strong electronics growth and major share buybacks.4063
Q4 2025 - Net sales and net income rose year-over-year, with robust segment growth and higher dividends.4063
Q3 2025
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