Shin-Etsu Polymer Co. Ltd. Reports Consolidated Earnings Results for the Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018
January 24, 2018
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Shin-Etsu Polymer Co. Ltd. reported consolidated earnings results for the nine months ended December 31, 2017. For the nine months, the company reported net sales of ¥59,290 million compared to ¥55,190 million a year ago. Operating profit was ¥5,398 million compared to ¥4,515 million a year ago. Ordinary profit was ¥5,641 million compared to ¥4,768 million a year ago. Income before income taxes was ¥5,641 million compared to ¥4,709 million a year ago. Profit attributable to the owners of the parent was ¥4,154 million or ¥50.48 per diluted share compared to ¥3,366 million or ¥41.00 per basic share a year ago. Net cash provided by operating activities was ¥3,269 million compared to ¥3,141 million a year ago. Purchase of property, plant and equipment was ¥1,910 million compared to ¥1,399 million a year ago.
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 income of ¥6,500 million, ordinary income of ¥6,800 million and profit attributable to the owners of the parent of ¥5,200 million or ¥63.33 per basic 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 Nine Months Ended December 31, 2017; Provides Earnings Guidance for the Year Ending March 31, 2018