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TYO:4063

7 stories mentioning TYO:4063Updated 7d ago

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Asia

Shin-Etsu to Repurchase 197.3 Billion Yen in Shares

Shin-Etsu Chemical (TYO:4063) will acquire nearly 34.7 million of its own shares for 197.3 billion yen or 5,690 yen per share, through the Tokyo Stock Exchange's off-auction ToSTNeT-3 system on July 30.The repurchase represents 1.86% of total shares issued and outstanding, excluding treasury shares, according to a Tokyo bourse filing on Wednesday.The acquisition is part of a buyback mandate involving 45 million shares for up to 250 billion yen.

TYO:4063
Asia

Shin-Etsu Chemical's Net Income Rises 3.5% in Fiscal Q1

Shin-Etsu Chemical (TYO:4063) posted net income attributable to owners of the parent of 130.8 billion yen for the fiscal first quarter, up 3.5% from 126.4 billion yen a year earlier.Earnings per share rose to 70.24 yen from 66.45 yen a year earlier, according to a Tokyo bourse filing on Friday.Net sales increased 5.4% to 662.4 billion yen in the three months ended June 30 from 628.5 billion yen a year ago.The company raised its interim dividend forecast to 58 yen per share from 53 yen paid a year earlier and expects to pay a final dividend of 58 yen per share, bringing the projected annual payout to 116 yen.Shin-Etsu also raised its full-year forecast, projecting net income attributable to owners of the parent to rose 11% to 525 billion yen, earnings per share of 286 yen and net sales up 4.9% to 2.7 trillion yen for the fiscal year ending March 2027.

TYO:4063
Asia

Japan Shares Rebound as Tech Earnings Season Commences

Japanese shares rebounded when trading resumed after Monday's holiday, bucking broader regional declines, amid heightened tensions in the Middle East.The Nikkei 225 rose 402.9 points or 0.6% to open at 64,544.05.This week marks the start of megacap earnings, with Tesla and Alphabet reporting on Wednesday, followed by Microsoft, Meta, Apple, and Amazon next week, as investors demand clearer returns on massive AI spending.At home, Sumitomo Mitsui Financial Group (TYO:8316), Chugai Pharmaceutical (TYO:4519) and Shin-etsu Chemical (TYO:4063) are set to release earnings reports this week.

Nikkei 225TYO:4063TYO:4519TYO:8316
Asia

Shin-Etsu Chemical Completes Share Buyback via Tender Offer

Shin-Etsu Chemical (TYO:4063) has completed its tender offer to repurchase nearly 10.1 million of its own shares at 5,235 yen each, with the offer period running from May 21 to June 17.The offer was oversubscribed, with 10.15 million shares tendered, leading the company to apply a pro-rata allocation method for final purchases, according to a Tokyo bourse filing on Thursday.The buyback is part of a larger board-authorized program of up to 45 million shares and 250 billion yen, set to run through April 2027.Settlement for the tender offer is scheduled to begin on July 9 through Nomura Securities. No excess shares were purchased beyond the planned 10.1 million shares.

TYO:4063
Asia

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
Asia

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
Asia

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.)

TYO:4063

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