Shin-Etsu Chemical Co., Ltd. <4063> saw a significant increase. They released their Q1 financial report last weekend; operating profit increased by 0.1% YoY to JPY 191 billion. Market consensus was slightly below JPY 170 billion, so this unexpected increase was quite a surprise. It is believed that increased shipments of wafers and other products exceeded expectations. The full-year plan is JPY 735 billion, 4.8% lower than the previous year, and lower than the consensus of around JPY 780 billion, but is considered extremely conservative. Rather, following the Q1 financial report, the consensus level is expected to move upward.
信越化---大幅続伸、第1四半期コンセンサス上振れで想定外の増益確保
Shin-Etsu Chemical Co., Ltd. significantly continued to increase profits beyond expectations in the first quarter with consensus above forecasted on sensors.
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