TOKYO—Japanese materials supplier Shin-Etsu saw double-digit increases in sales and operating income at its silicones business.
In the nine-month report covering April-December 2017, the Japanese company reported a 14.7 percent rise in sales to $1.4 billion, compared to the same period last year.
Operating income performed more strongly with a 21.7 percent year-on-year increase to $351.8 million.
The company attributed the growth to firm sales for cosmetic, automotive and electronics products in Japan.
Globally, shipments of both general-purpose products and functional products for the U.S., Europe and Asia "did well," according to Shin-Etsu.