Shin-Etsu Chemical Co., Ltd. announced consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, net sales were JPY 300,716 million against JPY 314,043 million a year ago. Operating income was JPY 60,027 million against JPY 51,410 million a year ago. Ordinary income was JPY 57,839 million against JPY 55,008 million a year ago. Income before income taxes and non-controlling interests was JPY 57,839 million against JPY 55,008 million a year ago. Profit attributable to owners of parent was JPY 45,309 million against JPY 37,630 million a year ago. Diluted earnings per share were JPY 106.36 against JPY 88.34 a year ago. Capital expenditures were JPY 24.4 billion.

The company provided consolidated earnings guidance for the full year and first half of fiscal year ending March 31, 2017. For the first half of fiscal year ending March 31, 2017, the company expects net sales of JPY 590,000 million, operating income of JPY 115,000 million, ordinary income JPY 115,000 million, profit attributable to owners of parent of JPY 82,000 million or JPY 192.50 per share.

The company expects for the year ending March 31, 2017, net sales of JPY 1,180,000 million, operating income of JPY 225,000 million, ordinary income JPY 230,000 million, and profit attributable to owners of parent of JPY 160,000 million or JPY 375.61 per share and capital expenditures of JPY 27.1 billion.