Market Closed -
Japan Exchange
02:00:00 2024-06-07 am EDT
5-day change
1st Jan Change
1,830
JPY
+1.36%
-4.19%
+28.41%
Kuraray : 2Q FY2023 Earnings Announcement Presentation (978KB)
August 08, 2023 at 10:39 pm EDT
FY2023 1H
Earnings Presentation (Overview)
KURARAY CO., LTD.
© Copyright 2023 Kuraray Co., Ltd.
(Billion yen)
FY2023 1H
FY2022 1H
Difference
Net Sales
381.0
358.0
23.0
Operating Income
41.0
38.1
2.9
Ordinary Income
38.5
37.9
0.6
Net Income Attributable to
21.8
24.2
(2.4)
Owners of the Parent
Reference
JPY/USD (average)
135
123
JPY/EUR (average)
146
134
Domestic naphtha
68
72
(JPY 1,000/kl)
© Copyright 2023 Kuraray Co., Ltd.
2
Factors Affecting the Change in Operating Income
(Billion yen)
(-) Inventory valuation differences, SG&A, depreciation, etc.
FY2022 1H
FY2023 1H
JPY/USD (average)
123
135
JPY/EUR (average)
134
146
Domestic naphtha (JPY 1,000/kl)
72
68
© Copyright 2023 Kuraray Co., Ltd.
3
FY2022
Financial
KPIs
ROIC
7.0%
¥152.6 billion
EBITDA*
ROE
9.0%
EBITDA Margin reference
20.2%
*Operating income + depreciation and amortization
FY2023 1H
6.7%
¥77.7 billion
6.4%
20.4%
FY2026
Target
8%
¥170.0 billion
10%
23%
© Copyright 2023 Kuraray Co., Ltd.
4
Forecasts for FY2023 (vs FY2022)
(Billion yen)
FY2023 Forecasts
FY2022
Difference
(No change from May 12, 2023)
Net Sales
810.0
756.4
53.6
Operating Income
84.0
87.1
(3.1)
Ordinary Income
79.0
84.1
(5.1)
Net Income Attributable to
47.0
54.3
(7.3)
Owners of the Parent
Reference
JPY/USD (average)
138
132
JPY/EUR (average)
148
138
Domestic naphtha (JPY 1,000/kl)
66
75
© Copyright 2023 Kuraray Co., Ltd.
5
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Disclaimer
Kuraray Co. Ltd. published this content on 09 August 2023 and is solely responsible for the information contained therein. Distributed by Public , unedited and unaltered, on 09 August 2023 02:38:47 UTC .
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Duration Auto. 2 months 3 months 6 months 9 months 1 year 2 years 5 years 10 years Max.
Period Day Week
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Kuraray Co., Ltd. is the world's leader in the manufacturing and marketing of chemical products, resins and synthetic fibers. Net sales break down by family of products as follows:
- chemical and resin (45.6%): functional resins and films, elastometers, thermoplastics, adhesives, fine chemistry products, etc. primarily for cosmetic products, televisions and mobile phones screens, foot packaging and paper manufacturing;
- fibers and textile products (29.8%): synthetic fibers and man-made leather, polyester, nonwoven textile products, resins, etc. sold under the brands Kuralon, Clarino Vectran and Kuraflex;
- functional materials (18.8%): methacrylic resin, medical chemicals, carbon materials, etc.;
- other (5.8%): primarily dental treatment and water purifying products.
At the end of 2019, the group had 52 production worldwide.
Net sales break down geographically as follows: Japan (27.1%), China (13.8%), Asia (12.3%), Europe (23.6%), the United States (18.5%) and other (4.7%).
More about the company
Last Close Price
1,830
JPY
Average target price
1,911
JPY
Spread / Average Target
+4.40%
Consensus
1st Jan change
Capi.
+28.41% 3.9B +6.34% 106B -10.78% 59.59B +61.90% 45.4B +14.54% 38.12B +1.03% 31.28B +9.32% 19.67B +10.83% 16.52B +7.90% 13.8B -5.22% 12.96B
Other Commodity Chemicals
+951% of historical
More than 20 years
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