Shin-Etsu Polymer Co. Ltd. announced consolidated earnings results for the first quarter ended June 30, 2016. For the quarter, the company announced net sales of JPY 17,937 million against JPY 18,140 million a year ago. Operating income was JPY 1,645 million against JPY 753 million a year ago. Income before income taxes was JPY 1,196 million against JPY 1,152 million a year ago. Profit attributable to owners of the parent company was JPY 827 million or JPY 10.08 per diluted share against JPY 782 million or JPY 9.55 per diluted share a year ago.

The company provided interim and year-end dividend guidance for the fiscal year ending March 31, 2017. The company expects to pay interim dividend of JPY 6.00 per share compared to JPY 4.50 per share paid a year ago. The company expects to pay year-end dividend of JPY 6.00 per share compared to JPY 4.50 per share paid a year ago.


The company provided consolidated earnings guidance for the six months and for the full year for the year ending March 31, 2017. For the six months, the company expects to report net sales of JPY 37,000 million, operating income of JPY 3,100 million, ordinary income of JPY 2,700 million and profit attributable to owners of the parent company of JPY 1,850 million or JPY 22.60 per basic share.
 
For the full year, the company expects to report net sales of JPY 76,000 million, operating income of JPY 5,300 million, ordinary income of JPY 5,000 million and profit attributable to owners of the parent company of JPY 3,400 million or JPY 41.53 per basic share.