TYO:4063

3 stories mentioning TYO:4063Updated 4d ago

Every FINWIRES story that references TYO:4063, newest first.

Market Chatter: Shin-Etsu to Build New Rare-Earth Refinery in Japan

Shin-Etsu Chemical (TYO:4063) plans to build a new rare-earth refinery in Fukui Prefecture, its third such facility, to secure a stable supply of magnets and related products, Bloomberg News reported on Friday.The project will involve over $218 million in investment, with roughly half of the funding coming from government subsidies, the newswire said, citing an earlier report by Nikkei Asia.The move comes as China has halted exports of certain key materials since early 2026 amid tensions over Japanese Prime Minister Takaichi's comments on Taiwan, the publication said.Shin-Etsu Chemical did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:4063

Asia49d ago

Shin-Etsu Chemical's Net Income Falls 11% in Fiscal Year 2026

Shin-Etsu Chemical's (TYO:4063) net income attributable to owners of the parent fell by over 11% to 474.5 billion yen for the fiscal year 2026 from over 534 billion yen a year earlier.Japan's largest chemical company's net income per share declined to 252.49 yen from 269.28 yen a year ago, according to a Tokyo bourse filing on Tuesday.Net sales edged up 0.5% to 2.574 trillion yen for the full year ended March 31 from 2.561 trillion yen in the prior year.It declared a final dividend of 53 yen per share, payable from June 29.For the fiscal year 2027, the company has temporarily decided not to forecast business performance, including attributable profit, EPS, and net sales, due to difficulty in making reasonable predictions.

TYO:4063

Asia60d ago

Market Chatter: Shin-Etsu's $3.4 Billion US Investment Strengthens PVC Supply Resilience Amid Iran War

Shin-Etsu Chemical's (TYO:4063) additional $3.4 billion investment in its U.S. polyvinyl chloride operation in March has helped it withstand supply shocks better than many rivals who are raising prices or cutting output amid the Middle East turmoil, Nikkei Asia reported on Friday.While price competition in commodity-grade PVC remains fierce and massive output increases from Chinese suppliers have pushed numerous competitors into losses or plant closures, Shin-Etsu leverages its U.S. geographical advantage, the publication said.Through its American subsidiary Shintech, the company produces PVC using ethylene derived from U.S. shale gas, which exposes it to less geopolitical risk than oil-derived feedstocks from the Middle East, and enables stable, inexpensive procurement, the news agency said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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