Shin-Etsu chemical reports mixed first half results, outlines strategic investments

Shin-Etsu Chemical reported consolidated net sales of ¥1,284,522m for the first half ended September 30, 2025, a 1.4% increase from the prior year. Operating income, however, decreased by 17.7% to ¥333,935m, and net income attributable to owners of parent fell by 12.3% to ¥257,844m. The company maintains its full-year fiscal 2026 forecast, projecting net sales of ¥2,400,000m and net income attributable to owners of parent of ¥470,000m, with an annual dividend of ¥106 per share.

In April 2025, Shin-Etsu Chemical announced a decision to repurchase up to 200m shares (10.2% of total outstanding shares) or a maximum of ¥500bn. ¥399,999m was used to acquire 87,393,400 shares by May 2025. The company is also advancing several capital investments, including a $1.25bn facility expansion for PVC in the USA, a ¥83bn semiconductor lithography material base in Japan, and ¥80bn to reinforce silicone advanced functional products.

As of September 30, 2025, Shin-Etsu Chemical reported total assets of ¥5,356,717m and net assets of ¥4,381,431m. The company's average exchange rate for April-September 2025 was ¥146.0 per US dollar.