Shin-Etsu Chemical Co., Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020; Provides Dividend Guidance for the Second Quarter of 2020 and Year Ending March 31, 2020
July 24, 2019 at 11:30 am IST
Share
Shin-Etsu Chemical Co., Ltd. reported consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported net sales of ¥386,211 million against ¥383,633 million a year ago. Operating income was ¥107,502 million against ¥95,405 million a year ago. Net income was ¥84,949 against ¥74,947 a year ago. Net income per share diluted was ¥201.95 against ¥172.78 a year ago. Net income per share was ¥201.96 against ¥172.82 a year ago.
For the year ending March 31, 2020, the company expects net sales of ¥1,550,000 million, operating income of ¥405,000 million, net income attributable to owners of parent of ¥314,000 million or ¥755.18 per share.
The company expected to pay a dividend of ¥110.00 per share for the second quarter of 2020.
The company expected to pay a dividend of ¥110.00 per share for the year ending March 31, 2020.
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 First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2020; Provides Dividend Guidance for the Second Quarter of 2020 and Year Ending March 31, 2020