Shin-Etsu Chemical Co., Ltd. (SHINETSU) income statement

JPX · Basic Materials · Chemicals · 27,852 employees · CEO Yasuhiko Saitoh

Price: ¥5,966.00 -0.73%
Market cap: ¥10.8T
Enterprise value: ¥9.48T
Last report: Q2 '27 filed 2026-09-30
Next report: 2027-01-28 EPS est. ¥80.61

Shin-Etsu Chemical Co., Ltd. (SHINETSU) reported revenue of ¥758B for Q2 '27 (+15.6% year on year), operating income of ¥212B (28.0% of revenue) and net income of ¥156B. Over the last four quarters revenue was ¥2.71T.

Income statement

Income statement	Q3 '24	Q4 '24	Q1 '25	Q2 '25	Q3 '25	Q4 '25	Q1 '26	Q2 '26	Q3 '26	Q4 '26	Q1 '27	Q2 '27
Revenue	¥628B	¥592B	¥598B	¥669B	¥663B	¥632B	¥629B	¥656B	¥649B	¥640B	¥662B	¥758B
Cost of revenue	¥397B	¥395B	¥355B	¥392B	¥423B	¥407B	¥403B	¥426B	¥426B	¥439B	¥433B	¥477B
Gross profit	¥230B	¥197B	¥243B	¥276B	¥240B	¥225B	¥226B	¥230B	¥224B	¥201B	¥230B	¥281B
Research & development	¥17.2B	¥16.9B	¥16.9B	¥16.9B	¥17.7B	¥21.6B	¥182M	¥19.1B	¥18.2B	¥22.3B	¥17B	¥18.3B
Other operating expenses	¥0	¥0	¥0	¥0	-¥23M	¥0	¥0	¥0	¥0	¥0	¥0	¥0
Operating expenses	¥52.5B	¥55.1B	¥51.6B	¥61.7B	¥61.6B	¥67.1B	¥59B	¥62.8B	¥59.6B	¥64.2B	¥56B	¥68.9B
Operating income	¥178B	¥142B	¥191B	¥215B	¥179B	¥158B	¥167B	¥167B	¥164B	¥137B	¥174B	¥212B
Interest income	¥18B	¥21.6B	¥21.3B	¥23.3B	¥21.3B	¥20.9B	¥17.4B	¥14.6B	¥15B	¥16B	¥14.8B	¥16.3B
Interest expense	¥1.12B	¥384M	¥0	¥0	¥0	¥0	¥0	¥0	¥914M	¥390M	¥0	¥0
Other non-operating income (gains on investments, FX ...)	¥1.78B	-¥40B	-¥29.7B	-¥14.8B	¥1M	-¥12.3B	-¥17.7B	-¥25.3B	-¥27.7B	-¥3.78B	¥0	¥0
Total non-operating income	-¥2.9B	¥39.6B	¥29.7B	¥14.8B	¥31.5B	¥8.07B	¥17.7B	¥25.3B	¥26.8B	¥3.39B	¥20.6B	¥14.8B
Income before tax	¥175B	¥181B	¥221B	¥229B	¥210B	¥166B	¥185B	¥192B	¥191B	¥141B	¥194B	¥227B
Income tax	¥55.9B	¥56.9B	¥66.1B	¥65.9B	¥59.8B	¥54.3B	¥49.9B	¥52.7B	¥56.4B	¥43.2B	¥57.3B	¥63.1B
Net income	¥105B	¥114B	¥144B	¥150B	¥138B	¥101B	¥126B	¥131B	¥126B	¥90.1B	¥131B	¥156B
EPS (basic)	¥52.65	¥56.93	¥72.21	¥75.62	¥69.92	¥51.76	¥66.47	¥70.16	¥67.51	¥48.56	¥70.39	¥85.32
EPS (diluted)	¥52.65	¥56.90	¥72.13	¥75.62	¥69.84	¥51.76	¥66.45	¥70.11	¥67.42	¥48.51	¥70.24	¥85.21
Shares (basic, weighted)	2B	2B	2B	1.98B	1.98B	1.96B	1.9B	1.87B	1.87B	1.86B	1.86B	1.83B
Shares (diluted, weighted)	2B	2B	2B	1.98B	1.98B	1.96B	2B	1.87B	1.87B	1.86B	1.86B	1.83B
Depreciation & amortization	¥57.6B	¥61.3B	¥52B	¥56.5B	¥62.9B	¥66B	¥57.4B	¥59.4B	¥61.4B	¥65.3B	¥57.6B	¥58.2B
EBITDA	¥233B	¥243B	¥273B	¥286B	¥242B	¥236B	¥242B	¥252B	¥253B	¥206B	¥231B	¥270B

Income statement	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	¥1.24T	¥1.44T	¥1.59T	¥1.54T	¥1.5T	¥2.07T	¥2.81T	¥2.41T	¥2.56T	¥2.57T
Cost of revenue	¥868B	¥963B	¥1.04T	¥988B	¥953B	¥1.21T	¥1.59T	¥1.5T	¥1.58T	¥1.69T
Gross profit	¥369B	¥478B	¥554B	¥556B	¥544B	¥868B	¥1.21T	¥911B	¥984B	¥881B
Research & development	¥49B	¥51.8B	¥56.4B	¥48.5B	¥51.3B	¥62.5B	¥67.2B	¥66.8B	¥4.64B	¥77.8B
Sales & marketing	¥34.5B	¥40.9B	¥44.1B	¥41.4B	¥44.5B	¥66.9B	¥75.4B	¥57.8B	¥0	¥0
General & administrative	¥79B	¥84.8B	¥88.1B	¥106B	¥104B	¥125B	¥137B	¥147B	¥0	¥0
Other operating expenses	-¥1.39B	-¥1.22B	-¥38.4B	-¥46.4B	-¥48.6B	-¥63.1B	-¥63.9B	-¥61.6B	¥236B	¥0
Operating expenses	¥130B	¥142B	¥150B	¥150B	¥151B	¥192B	¥216B	¥210B	¥242B	¥246B
Operating income	¥239B	¥337B	¥404B	¥406B	¥392B	¥676B	¥998B	¥701B	¥742B	¥635B
Interest income	¥4.71B	¥6.12B	¥9.09B	¥10.8B	¥5.02B	¥2.38B	¥16.6B	¥68B	¥86.7B	¥62.9B
Interest expense	¥529M	¥621M	¥746M	¥749M	¥728M	¥983M	¥1.49B	¥1.5B	¥0	¥2.71B
Other non-operating income (gains on investments, FX ...)	-¥1M	-¥4.11B	-¥12.4B	-¥20.7B	-¥10.7B	-¥20.8B	-¥23.5B	-¥96.1B	-¥84.1B	-¥76B
Total non-operating income	¥3.52B	¥3.49B	¥11.6B	¥20B	¥9.93B	¥19.8B	¥22B	¥94.6B	¥84.1B	¥73.3B
Income before tax	¥242B	¥340B	¥415B	¥426B	¥402B	¥696B	¥1.02T	¥796B	¥826B	¥708B
Income tax	¥63.8B	¥70.2B	¥101B	¥108B	¥103B	¥171B	¥257B	¥231B	¥246B	¥202B
Net income	¥176B	¥266B	¥309B	¥314B	¥294B	¥500B	¥708B	¥520B	¥534B	¥474B
EPS (basic)	¥82.57	¥124.86	¥145.20	¥151.03	¥141.35	¥240.76	¥347.84	¥259.41	¥269.52	¥252.68
EPS (diluted)	¥82.57	¥124.82	¥145.18	¥151.00	¥141.25	¥240.56	¥347.61	¥259.17	¥269.28	¥252.49
Shares (basic, weighted)	2.13B	2.13B	2.13B	2.08B	2.08B	2.08B	2.04B	2.01B	1.98B	1.88B
Shares (diluted, weighted)	2.13B	2.13B	2.13B	2.08B	2.08B	2.08B	2.04B	2.01B	1.98B	1.88B
Depreciation & amortization	¥93.1B	¥113B	¥138B	¥132B	¥144B	¥169B	¥214B	¥228B	¥238B	¥243B
EBITDA	¥332B	¥454B	¥554B	¥558B	¥547B	¥866B	¥1.24T	¥1.02T	¥1.06T	¥954B

Standardised by Financial Modeling Prep from the company's filings; outflows and costs keep the sign the provider reports. Hover a period for its end date. Amounts in JPY.

Revenue, operating income and growth

quarterly

Margins

quarterly

Costs as % of revenue

quarterly

The other statements

Balance sheetCash, investments, assets, debt, liabilities and equityOpen Cash flowOperating cash flow, capex, free cash flow, buybacks and dividendsOpen

Sources

Statements, segment revenue, metrics and estimates: Financial Modeling Prep.

Data as of 2026-11-01