Shin-Etsu Polymer raises its current fiscal-year ordinary profit forecast by 13%, increases record-high earnings forecast, and lifts dividend by ¥6

Shin-Etsu Polymer indicated that it expects to raise its full-year ordinary profit forecast by 13% and increase its record-profit forecast. It also announced plans to raise the dividend by ¥6.

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The story

Shin-Etsu Polymer announced that it would raise its full-year ordinary profit forecast by 13% from its previous plan. This will result in an upward revision to its full-year earnings outlook.

At the same time, the company indicated that it plans to increase its record-profit forecast, projecting earnings above its previous outlook.

It also plans to increase the dividend by ¥6, indicating stronger shareholder returns.

At a glance

DateRaised its full-year ordinary profit forecast by 13%, increased its record-profit forecast, and announced a ¥6 increase in the dividend

FigureOrdinary profit forecast revised 13% higher; dividend increased by ¥6

DescriptionRevision to the record-profit forecast and dividend

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