July 24, 2026 11:11 AM GMT Shin-Etsu Chemical (4063) | Japan M Update F3/27 1Q Results: Full-year Guidance Is Conservative AlphaSignals Earnings Reaction Impact to our thesis Financial results versus consensus Direction of next 12-month Unchanged In-line Modest revision lower consensus EPS Source: Company data, Morgan Stanley Research Key Takeaways Expect share price to face resistance for now: Shin-Etsu reported at 3:30pm on Jul 24 and held an evening call. 1Q OP +4% YoY at ¥173.8bn was a bit above our for ...