trending Market Intelligence /marketintelligence/en/news-insights/trending/GOq2wCUDtGMV7CLcpHDQFw2 content esgSubNav
In This List

Shin-Etsu Chemical fiscal Q4 profit climbs 13.2% YOY

Blog

Capital Markets Activity Infographic: SPAC Volume Rises in Q3; Equity Issuance Drops but Remains Strong in Several Sectors

Blog

Asset Owner Perspectives on Climate Change Measurement, Management, and Reporting in Australia

Blog

How Financial Institutions are Managing Exposure to U.S. Municipals

Blog

Insight Weekly: Global stock performance; hydrogen pilot projects; Powell's Fed future unsure


Shin-Etsu Chemical fiscal Q4 profit climbs 13.2% YOY

Shin-Etsu Chemical Co. Ltd. said its normalized net income for the fiscal fourth quarter ended March 31 was ¥83.92 per share, an increase of 13.0% from ¥74.23 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥35.78 billion, a gain of 13.2% from ¥31.62 billion in the year-earlier period.

The normalized profit margin increased to 11.4% from 10.4% in the year-earlier period.

Total revenue grew year over year to ¥315.18 billion from ¥303.89 billion, and total operating expenses totaled ¥257.66 billion, compared with ¥257.79 billion in the year-earlier period.

Reported net income rose 25.5% from the prior-year period to ¥40.68 billion, or ¥95.41 per share, from ¥32.42 billion, or ¥76.11 per share.

For the year, the company's normalized net income totaled ¥350.95 per share, compared to EPS of ¥321.16 in the prior year.

Normalized net income was ¥149.54 billion, a rise from ¥136.80 billion in the prior year.

Full-year total revenue declined year over year to ¥1.237 trillion from ¥1.280 trillion, and total operating expenses fell on an annual basis to ¥998.79 billion from ¥1.071 trillion.

The company said reported net income grew on an annual basis to ¥175.91 billion, or ¥412.83 per share, in the full year, from ¥148.83 billion, or ¥349.42 per share.

As of June 30, US$1 was equivalent to ¥112.37.