TOKYO (dpa-AFX) - Shin-Etsu Chemical Co., Ltd. (SHECF.PK, SHECY.PK), a
Japanese chemical company, on Friday posted a decline in earnings for the
nine-month period, amidst current negative macro-economic trends and market
fluctuations.

For the nine-month period, the company posted a net profit of 406.529 billion
yen or 202.23 yen per share, lesser than 578.519 billion yen or 283.14 yen per
share, registered for the same period in 2022.

Income before income taxes and non-controlling interests stood at 614.571
billion, compared with 824.217 billion yen a year ago.

Ordinary income was at 615.732 billion yen as against last year's 824.217
billion yen.

Operating income fell to 559.528 billion yen from 808.227 billion yen a year
ago.

Revenue was 1.823 trillion yen from previous year's 2.163 trillion yen.

Looking ahead, citing current global geopolitical issues, risk of economic
downturn in China, and economic recession in the U.S., Shin-Etsu said that it
expects a decline in earnings and sales for the full year.

For the full year, the company expects net profit of 520 billion yen or 258 yen
per share, a decline of 27 percent from last year, and sales of 2.300 trillion
yen, down 18 percent from the prior year.

For the full year, the company aims to pay a total dividend of 100 yen per
share, down from last year's 500 yen per share.



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