Kuraray Co., Ltd. Provides Earnings Guidance for the Half Year Ending June 30, 2023, and Full Year December 31, 2023
May 11, 2023 at 10:00 pm EDT
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Kuraray Co., Ltd. provided earnings guidance for the half year ending June 30, 2023, and full year December 31, 2023. For the half year, the company expects Net sales of JPY 380,000 million, Operating income of JPY 36,000 million, Net income attributable to owners of parent of JPY 17,000 million, Basic earnings per share JPY 50.79.
For the year, the company expects Net sales of JPY 810,000 million, Operating income of JPY 84,000 million, Net Income attributable to owners of parent of JPY 47,000 million, Basic earnings per share JPY 140.43.
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 
