Shin-Etsu Chemical Co., Ltd. Reports Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2013
January 29, 2013
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Shin-Etsu Chemical Co., Ltd. reported consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the period, the company reported net income of ¥83,428 million or ¥196.49 per diluted share on net sales of ¥782,371 million compared to net income of ¥75,627 million or ¥178.12 per basic share on net sales of ¥791,435 million a year ago. Operating income was ¥121,133 million compared to ¥117,633 million a year ago. Ordinary income was ¥128,019 million compared to ¥125,429 million a year ago. Income before income taxes was ¥128,019 million compared to ¥118,875 million a year ago. Comprehensive income attributable to owners of the parent was ¥87,656 million compared to ¥37,784 million a year ago.
For the third quarter, the company reported net income of ¥27.7 billion on sales of ¥245.4 billion compared to net income of ¥24.6 billion on sales of ¥270.0 billion a year ago. Operating income was ¥37.5 billion compared to ¥37.2 billion a year ago. Ordinary income was ¥42.0 billion compared to ¥41.1 billion a year ago. Capital expenditures were ¥16.6 billion compared to ¥15.5 billion a year ago.
The company also provided earnings guidance for the fiscal year ending March 31, 2013. For the year, the company expects net sales of ¥1,060,000 million, operating income of ¥160,000 million, ordinary income of ¥170,000 million and net income of ¥105,000 million or ¥247.29 per share.
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 Third Quarter and Nine Months Ended December 31, 2012; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2013