Shin-Etsu Polymer Co. Ltd. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2017
October 26, 2016
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Shin-Etsu Polymer Co. Ltd. reported consolidated earnings results for the six months ended September 30, 2016. For the six months, the company reported net sales of ¥36,531 million compared to ¥37,233 million, operating income of ¥3,328 million compared to ¥1,904 million, ordinary income of ¥2,898 million compared to ¥2,181 million, income before income taxes and minority interests of ¥2,898 million compared to ¥2,128 million, profit attributable to the owners of the parent of ¥2,186 million or ¥26.69 per diluted share compared to ¥1,475 million or ¥18.01 per basic share, net cash provided by operating activities of ¥3,269 million compared to ¥3,141 million and purchase of property, plant and equipment of ¥1,910 million compared to ¥1,399 million for the last year.
The company provided consolidated earnings guidance for the year ending March 31, 2017. For the year, the company expects net sales of ¥76,000 million, operating income of ¥5,300 million, ordinary income of ¥5,000 million and profit attributable to the owners of the parent of ¥3,400 million or ¥41.53 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, 2016; Provides Consolidated Earnings Guidance for the Year Ending March 31, 2017