Shin-Etsu Polymer Co. Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018
October 25, 2017
Share
Shin-Etsu Polymer Co. Ltd. reported consolidated earnings results for the six months ended September 30, 2017. For the six months, the company reported net sales of ¥38,991 million compared to ¥36,531 million, operating profit of ¥3,470 million compared to ¥3,328 million, ordinary profit of ¥3,637 million compared to ¥2,898 million, profit before income taxes of ¥3,637 million compared to ¥2,898 million, profit attributable to the owners of the parent of ¥2,553 million or ¥31.04 per diluted share compared to ¥2,186 million or ¥26.69 per diluted share, net cash provided by operating activities of ¥4,812 million compared to ¥3,269 million and purchase of property, plant and equipment of ¥1,663 million compared to ¥1,910 million for the last year.
The company provided consolidated earnings guidance for the year ending March 31, 2018. For the year, the company expects net sales of ¥76,000 million, operating profit of ¥6,500 million, ordinary profit of ¥6,800 million and profit attributable to the owners of the parent of ¥5,200 million or ¥63.33 per share.
Shin-Etsu Polymer Co.,Ltd. is a Japan-based company primarily engaged in the manufacture and sale of electronic devices, precision moldings, as well as dwelling environment and living materials. The Company operates in three business segments. The Electronic Device segment is engaged in the manufacture and sale of input devices, display related devices and component related products. The Precise Molded Item segment manufactures and sells semiconductor related containers and carrier tape related products, office automation equipment parts and silicon rubber molding products. The Dwelling Environment and Living Material segment provides exterior material related products, wrapping films, plastic sheets and functional compounds, among others. The Company is also engaged in the design and construction of buildings and stores, as well as the sale of other processed goods, among others.
Shin-Etsu Polymer Co. Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2017; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2018