Shin-Etsu Polymer (7970) Q4 2026 earnings summary

Executive summary

• Net sales increased 4.1% year-over-year to ¥115,116 million, with operating profit up 5.8% to ¥14,040 million and profit attributable to owners of parent rising 5.0% to ¥9,899 million.

• Growth was driven by strong demand in AI-related semiconductors, recovery in automotive and medical components, and robust semiconductor-related container sales, despite global economic uncertainties.

• Automobile-related sales were solid, especially for hybrid vehicles, and input devices showed a recovery trend.

Financial highlights

• Operating profit margin improved to 12.2% from 12.0% year-over-year.

• Basic earnings per share rose to ¥123.2, and dividend per share increased 19.2% to ¥62.0.

• ROA improved to 9.2%, while ROE slightly decreased to 7.9%.

• Overseas sales accounted for 55.3% of total sales.

• Gross profit increased to ¥34,569 million from ¥33,944 million year-over-year.

Segment performance

• Electronic Devices: Net sales grew 3.5% to ¥25,726 million, with operating profit up 43.9% to ¥1,713 million, driven by hybrid vehicle demand and new product uptake.

• Precision Molding Products: Net sales rose 6.7% to ¥59,773 million, but operating profit was flat at ¥10,218 million; strong semiconductor container sales offset weak OA device demand.

• Housing & Living Materials: Net sales declined 2.6% to ¥21,513 million, but operating profit increased 19.7% to ¥1,631 million, supported by high-value food wraps and functional compounds.

• Others: Net sales ¥8,103 million (+6.2%), operating profit ¥476 million (+0.6%).