Shin-Etsu Polymer (7970) Q3 2025 earnings summary

Executive summary

• Net sales for the nine months ended December 31, 2024, rose 4.0% year-over-year to ¥83,518 million, with operating profit up 21.7% to ¥10,860 million and profit attributable to owners of parent up 7.0% to ¥7,332 million.

• Strong demand in semiconductors and automotive sectors, especially for environmentally friendly vehicles and semiconductor-related containers, supported growth.

• The company expanded production capacity for semiconductor-related containers and began mass production of fire prevention cushions for EV batteries.

Financial highlights

• Operating profit margin improved, with operating profit up 21.7% year-over-year and ordinary profit up 12.9%.

• Basic earnings per share increased to ¥90.89 from ¥84.69 year-over-year.

• Comprehensive income decreased to ¥9,272 million from ¥11,443 million year-over-year, mainly due to lower foreign currency translation gains.

Outlook and guidance

• Full-year forecast for fiscal year ending March 31, 2025, remains unchanged: net sales of ¥106,000 million (+1.6% YoY), operating profit of ¥12,800 million (+15.8% YoY), and profit attributable to owners of parent of ¥8,800 million (+1.4% YoY).

• Annual dividend forecast raised to ¥50.00 per share from ¥46.00 in the previous year.