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Shin-Etsu Chemical (4063) · TargetOrdinary profit declined for the full year despite the profit growth target

Set double-digit growth in consolidated ordinary profit as the performance-linked compensation target

First written in FY2019. 4 of 8 entries say "Achieved", first in FY2019. Latest entry: FY2026.

8entries
8years
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How it moved
ProgressHeldSoftenedWorseAchievedFY2019SoftenedFY2020OtherFY2021AchievedFY2022 – FY2023OtherFY2024AchievedFY20252019: 120192020: 120202021: 120212022: 120222023: 120232024: 120242025: 120252026: 12026
Same theme, other companies
Setting Profit Targets for Performance-Linked CompensationA theme 182 companies write about · 2 as a headwind · 129 as a tailwind

The whole theme swung hardest in 2017: 2 of 15 companies on the "Worse" side.

44 other companies' latest entry also says "Other".

Ridges = years it wrote progress, valleys = years it wrote worse. Most hopeful companies at the back. Drag to turn, scroll to zoom, right-drag to pan. On a phone, two fingers turn and pinch to zoom; one finger scrolls the page.
Showing 14 of the 182 companies compared. The sentences above are computed from all 182.
Full recordFilings, disclosures and news, newest first
  1. FY2026Ordinary profit declined for the full year despite the profit growth targetAnnual report

    「The target for the performance-linked compensation metric for directors for the fiscal year was growth in consolidated ordinary profit from the previous fiscal year, but consolidated ordinary profit for the fiscal year was ¥708,281 million, a decrease of 13.7% from the previous fiscal year.」

    Against the target of year-on-year growth in consolidated ordinary profit, actual profit was ¥708,281 million, down 13.7% from the previous fiscal year.
  2. FY2025AchievedAnnual report

    「The target for the performance-linked compensation metric for directors for the fiscal year was growth in consolidated ordinary profit from the previous fiscal year. Consolidated ordinary profit for the fiscal year was ¥820,543 million, an increase of 4.2% from the previous fiscal year. The company posted a high level of profit compared with its industry peers, the second-highest profit in its history after the fiscal year ended March 2023, its 146th fiscal year.」

    Against the target of year-on-year growth in consolidated ordinary profit, actual profit was ¥820,543 million, up 4.2% from the previous fiscal year, achieving the target.
  3. FY2024Ordinary profit declined for the full year despite the profit growth targetAnnual report

    「The target for the performance-linked compensation metric for directors for the fiscal year was growth in consolidated ordinary profit from the previous fiscal year, but consolidated ordinary profit for the fiscal year was ¥787,228 million, a decrease of 22.8% from the previous fiscal year.」

    Against the target of growth in consolidated ordinary profit, actual profit was ¥787,228 million, down 22.8% from the previous fiscal year.
  4. FY2023AchievedAnnual report

    「The target for the performance-linked compensation metric for directors for the fiscal year was double-digit growth in consolidated ordinary profit from the previous fiscal year. Consolidated ordinary profit for the fiscal year was ¥1,020,211 million, an increase of 46.9% from the previous fiscal year.」

    Against the performance-linked compensation target of double-digit growth, consolidated ordinary profit increased 46.9% from the previous fiscal year, achieving the target.
  5. FY2022AchievedAnnual report

    「The target for the performance-linked compensation metric for directors for the fiscal year was double-digit growth in consolidated ordinary profit from the previous fiscal year. Consolidated ordinary profit for the fiscal year was ¥694,434 million, an increase of 71.4% from the previous fiscal year.」

    Against the performance-linked compensation target of double-digit growth from the previous fiscal year, consolidated ordinary profit was ¥694,434 million, up 71.4% from the previous fiscal year, and the target was achieved.
  6. FY2021Ordinary profit declined for the full year despite the profit growth targetAnnual report

    「The target for the performance-linked compensation metric for directors for the fiscal year was growth in consolidated ordinary profit from the previous fiscal year, but consolidated ordinary profit for the fiscal year was ¥405,101 million, a decrease of 3.1% from the previous fiscal year.」

    Against the performance-linked compensation target of growth in consolidated ordinary profit, actual profit was ¥405,101 million, down 3.1% from the previous fiscal year.
  7. FY2020The profit target for performance-linked compensation changed from double-digit growth to growthAnnual report

    「The target for the performance-linked compensation metric for directors for the fiscal year was growth in consolidated ordinary profit from the previous fiscal year. Consolidated ordinary profit for the fiscal year was ¥418,242 million, an increase of 0.7% from the previous fiscal year.」

    The target wording changed from "double-digit growth" in the previous fiscal year to "growth" for FY2020. Actual consolidated ordinary profit was ¥418,242 million, up 0.7% from the previous fiscal year.
  8. FY2019AchievedAnnual report

    「The target for the performance-linked compensation metric for directors for the fiscal year was double-digit growth in consolidated ordinary profit from the previous fiscal year. Consolidated ordinary profit for the fiscal year was ¥415,311 million, an increase of 22.0% from the previous fiscal year.」

    The target for the performance-linked compensation metric was double-digit growth in consolidated ordinary profit. Actual consolidated ordinary profit was ¥415,311 million, up 22.0% from the previous fiscal year.
Moved together

"¥180 billion Capital Investment Plan for the Next Fiscal Year" moved the same way as this thread, in the same document, in 4 of its 8 moves.

433333★123456
  1. ★This thread
  2. 1¥180 billion Capital Investment Plan for the Next Fiscal Year4×
  3. 2Incentives for Officers and Employees Through Stock Options3×
  4. 3Dividend policy of returning to shareholders the benefits of expanded business earnings and a stronger corporate foundation3×
  5. 4Achieving Sustained Revenue and Profit Growth3×
  6. 5Expansion and Rationalization of Vinyl Chloride Resin Facilities and Construction of New Ethylene Facilities at Shintech3×
  7. 6Silicone Capacity Expansion, Supply Infrastructure Enhancement and Use of the Technology Center3×

★ is this thread; numbers match the list above. The number on a line is how many documents both moved the same way in; lines between the other threads count the documents they moved together in too. Threads that move together often sit closer.

When this could move next
Shin-Etsu Chemical's next results are scheduled for 2026-10-27. Read the earnings preview
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Set double-digit growth in consolidated ordinary profit as the performance-linked compensation target | Shin-Etsu Chemical Co.,Ltd. (4063) | Komori