Kuraray Co., Ltd. Announces Dividend for the Fiscal Year Ended December 31, 2022 and Provides Dividend Forecast for the Second Quarter and Full Year Ending December 31, 2023
May 11, 2023 at 10:00 pm EDT
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Kuraray Co., Ltd. declared dividend of JPY 23.00 per share for the full year ended December 31, 2022 against JPY 20.00 paid a year ago.
For the second quarter ending June 30, 2023, the company expects to pay dividend of JPY 24.00 per share against JPY 21.00 per share paid a year ago.
For the full year ending December 31, 2023, the company expects to pay dividend of JPY 24.00 per share against JPY 23.00 per share paid a year ago.
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%).
Kuraray Co., Ltd. Announces Dividend for the Fiscal Year Ended December 31, 2022 and Provides Dividend Forecast for the Second Quarter and Full Year Ending December 31, 2023