We will stay close to the market and customers to grow our business and develop differentiated and high value-added products to achieve our Medium-term Management Plan.

　

I would like to take this opportunity to thank you for your continued support. 

I would like to report the business summary and other details for the 64th fiscal year (from April 1, 2023 to March 31, 2024) of the Shin-Etsu Polymer Group.

 During the consolidated fiscal year under review, net sales totaled 104,379 million yen (down 3.6% year on year), operating profit was 11,050 million yen (down 13.3%), ordinary profit came to 11,530 million yen (down 11.2%), and profit attributable to owners of parent came to 8,674 million yen (up 1.7%).

 

The Shin-Etsu Polymer Group pushes forward with its businesses to achieve Shin-Etsu Polymer Global & Growth 2027, our medium-term management plan which will end in the fiscal year 2027. In this current year, the second year of the five-year plan, we will increase our sales capabilities and productivity in the basic domains and tap into new demand in the growth domains relating to semiconductors and automobiles domestically and globally. In this way, we will remain committed to achieving the Medium-term Management Plan.

 

Regarding the year-end dividend for the fiscal year under review, we have decided to pay dividends of 24 yen per share, comprehensively considering business results, future business development and dividend payout ratios. As a result, the annual dividend per share will be 46 yen, including an interim dividend of 22 yen per share, an increase of 8 yen per share compared to the previous fiscal year.

 

I look forward to the continued support and encouragement of all our shareholders in the future.

 

June 2024

 

Toshiaki Deto

President