Slide 1: Kureha Corporation Reports Interim Results
Kureha Corporation Reports Interim Results End of Q2 FY2012 (April - Sept. 2011) Tokyo, Japan – November 2011 – Leading specialty chemicals and plastic products company, Kureha Corporation (“Kureha”), has reported earnings for the half-year period ended September 30, 2011. On a consolidated basis, b
Slide 2: Consolidated interim performance
Consolidated interim performance (¥ million, except where stated) Division Sept. 20011 Sept. 2010 Change Advanced materials Sales 15,890 17,026 -1,135 Operating income 587 109 478 Specialty chemicals Sales 14,802 15,892 -1,089 Operating income 2,870 2,412 458 Specialty plastics Sales 17,110 20,813 -
Slide 3: Division performance and outlook (continued)
issues commercial products are not expected to be shipped until January next year, thus interim operational losses are relating to the product are expected to widen. Outlook: Divisional sales for the full-year are projected to be ¥34.5 billion, up from ¥33.4 billion, with operating income to reach ¥
Slide 4: Specialty Plastics and Other Operations
Sales of household products declined dramatically to ¥5.6 from billion from ¥9.6 billion, down 42% YoY, due to the cut in production. While the negative impact from March to August was partly offset by cost-cutting efforts, this business was the hardest hit by the earthquake. Outlook: For the full f
Slide 5: Outlook for the full year
R&D expenditure was down slightly from ¥2.6 billion to ¥2.5 billion, but is projected to be approximately ¥6.0 billion for the full fiscal year. Interest-bearing debt has increased, from ¥51.6 billion to ¥55.6 billion during the half- year period and is projected to reach ¥61.6 billion for the full
Slide 6: Condensed interim balance sheets
Condensed interim balance sheets As of 30 September 2011 and 2010 ¥ million Sept. 2011 Sept. 2010 Assets Current assets 58,563 62,720 Cash and cash equivalents 6,055 8,138 Fixed assets 118,746 114,815 Property, plant and equipment 87,422 81,124 Intangible assets 909 989 Investments and other assets
Slide 7: Interim Results for the Financial Year Ending March 31, 2012
Interim Results for the Financial Year Ending March 31, 2012 November 15, 2011
Slide 8: Contents
Contents 1. Interim Results for the Financial Year 2011 (2) ・Financial Highlights (3) ・Consolidated Net Sales and Operating Income by Segment (4)～(7) ・Analysis of Recurring Income (8) ・Breakdown of Extraordinary Income/Losses (9) ・Key Indicators (10) ・Balance Sheets (11) ・Cash flow (12) 2．Estimates
Slide 9: 1. Interim Results for the Financial Year 2011
1. Interim Results for the Financial Year 2011 (2)
Slide 10: Financial Highlights
Financial Highlights (Comparison with same period in FY2010) (Unit:100 million yen) FY2011 Interim FY2010 Interim Increase/decrease (Ratio) Non- Non- Non- Consolidated Ratio Consolidated Ratio Consolidated Consolidated Consolidated Ccnsolidated Net sales 588.5 338.4 1.7 646.4 421.2 1.5 -57.9 -9.0% -
Slide 11: Advanced Materials
Consolidated Net Sales and Operating Income by Segment Advanced Materials (Unit:100 million yen) FY2011 Interim FY2010 Interim Increase/decrease results results (Ratio) Carbon products 35 33 2 7% Kureha Advanced plastics 73 75 -2 -3% Consolidated Others 1 17 -16 -93% net sales Total 109 125 -16 -13%
Slide 12: Specialty Chemicals
Consolidated Net Sales and Operating Income by Segment Specialty Chemicals (Unit:100 million yen) FY2011 Interim FY2010 Interim Increase/ decrease results results (Ratio) Industrial chemicals 43 52 -9 -17% Kureha Agrochemicals 36 29 7 24% Consolidated Pharmaceuticals 40 46 -6 -12% net sales Total 11
Slide 13: Specialty Plastics
Consolidated Net Sales and Operating Income by Segment Specialty Plastics (Unit: 100 million yen) FY2011 Interim FY2010 Interim Increase/ decrease results results (Ratio) Food packaging 41 57 -17 -29% Kureha Household products 56 96 -40 -42% Fishing lines 6 5 0 4% Consolidated Others 8 10 -2 -22% ne
Slide 14: Other Operations
Consolidated Net Sales and Operating Income by Segment Other Operations (Unit: 100 million yen) FY2011 Interim FY2010 Interim Increase/ decrease results results (Ratio) Construction-related business 109 86 23 27% Consolidated net sales Consolidation adjustments -59 -36 -23 - Total 50 50 -0 -1% Conso
Slide 15: Analysis of Recurring Income
Analysis of Recurring Income （Comparison with same period in FY2010) (Unit: 100million yen） FY2011 Interim FY2010 Interim Change Kureha 32.8 83% 27.2 107% 5.6 Recurring Consolidated subsidiaries 16.4 41% 4.1 16% 12.3 income Equity-method affiliates 1.1 3% 1.8 7% -0.7 Consolidation adjustments -10.7
Slide 16: Breakdown of Extraordinary Income/Losses
Breakdown of Extraordinary Income/Losses (Unit:100 million yen） FY2011 Interim FY2010 Interim Increase/decrease Non- Non- Non- Consolidated Consolidated Consolidated Consolidated Consolidated Consolidated Income from sales of 0.0 - 2.1 0.0 -2.1 0.0 Extradinary investment securities Licensee transfer
Slide 17: Key Indicators
Key Indicators (Comparison with same period in FY2010) (Unit:100 million yen) FY2011 Interim FY2010 Interim Increase/decrease (Ratio) Non- Non- Non- Consolidated Consolidated Ratio Consolidated Consolidated Ratio Consolidated consolidated Capital expenditure 85 37 2.3 48 26 1.8 37 79% 11 41% Depreci
Slide 18: Balance Sheets
Balance Sheets 1.Assets (Unit: 100 million yen) As of Sep.30,2011 As of Mar.30,2011 Increase/decrease Non- Non- Non- consolideted consolideted consolideted consolidated consolidated consolidated Cash and cash equivalents 61 25 107 50 -47 -25 Accounts and notes receivable-trade 264 165 273 166 -9 -2
Slide 19: Cashflow
Cashflow (Unit: 100 million yen) FY2011 Interim FY2010 Interim Increase/decrease Non- Non- Non- Consolidated consolidated Consolidated consolidated Consolidated consolidated Pre-depreciation profit 42 26 74 87 -32 -61 Increase/decrease in 21 -5 2 4 19 -8 Cashflow from assets and liabilities Operatin
Slide 20: Estimates for the Financial Year ending March 2012
３. Estimates for the Financial Year ending March 2012 (13)
Slide 21: Estimated Figures
Estimated Figures ＜Comparison with FY2011＞ （ Unit: 100 million yen） FY2012(as est in Nov.) FY2011 Increase/decrease (Ratio) Non- Non- Non- Consolidated consolidated Ratio Consolidated consolidated Ratio Consolidated consolidated Net sales 1,340 780 1.7 1,323 832 1.6 17 1.3% -52 -6.3% Operating incom
Slide 22: Advanced Materials
Consolidated Net Sales and Operatin Income by Segment Advanced Materials (Unit: 100 million yen) FY2012 FY2011 increase/decrease (as est. in Nov.) (Ratio) Carbon products 77 73 4 5% Kureha Advanced plastics 157 143 14 10% Consolidated Others 6 32 -26 -81% net sales Total 240 248 -8 -3% Consolidated
Slide 23: Specialty Chemicals
Consolidated Net Sales and Operatin Income by Segment Specialty Chemicals (Unit: 100 million yen) FY2012 FY2011 increase/decrease (as est. in Nov.) (Ratio) Industrial chemicals 94 99 -5 -5% Kureha Agrochemicals 80 72 8 11% Consolidated Pharmaceuticals 86 102 -16 -16% net sales Total 260 273 -13 -5%
Slide 24: Specialty Plastics
Consolidated Net Sales and Operatin Income by Segment Specialty Plastics (Unit: 100 million yen) FY2012 FY2011 increase/decrease (as est. in Nov.) (Ratio) Food packaging materials 98 110 -12 -11% Kureha Household products 150 175 -25 -14% Fishing lines 11 10 1 10% Consolidated Others 20 16 4 25% net
Slide 25: Other Operations
Consolidated Net Sales and Operatin Income by Segment Other Operations (Unit: 100 million yen) FY2012 FY2011 Increase/ decrease (as est. in Nov.) (Ratio) Construction-related business 260 208 52 25% Consolidated net sales Consolidation adjustments -105 -80 -25 - Total 155 128 27 21% Consolideted ope
Slide 26: Key Indicators
Key Indicators (Unit: 100 million yen) FY2012(as est in Nov.) FY2011 Increase/decrease (Ratio) Non- Non- Non- Consolidated consolidated Ratio Consolidated consolidated Ratio Consolidated consolidated Capital expenditure 165 115 1.4 141 62 2.3 24 17% 52 84% Depreciation 105 90 1.2 103 87 1.2 2 2% 3 4
Slide 27: Cashflow
Cashflow (Unit: 100 million yen) FY2012 FY2011 (as est. in Nov.) (results) Increase/decrease Non- Non- Non- Consolidated consolidated Consolidated consolidated Consolidated consolidated Pre-depreciation profit 110 79 120 122 -10 -43 Increase/decrease in -24 -23 10 22 -34 -45 Cashflow from assets and
Slide 28: 3. Consolidated Companies
3. Consolidated Companies (21)
Slide 29: Consolidated Companies
Consolidated Companies （Unit :100million yen） FY2011 Interim FY2010 Interim Increase/decrease Net sales Total assets Net sales Total assets Net sales Total assets Kureha Corporation 338 1,460 421 1,473 -83 -13 Kureha Trading Co., Ltd. and one group company 138 120 147 125 -9 -5 Advanced Kureha Corpo
Slide 30: Consolidated Companies
Consolidated Companies （Unit:100 million yen) FY2010 Interim FY2009 Interim Increase/decrease Net sales Total assets Net sales Total assets Net sales Total assets Construction Kurehanishiki Construction Co., Ltd. and 3 group companies 61 85 48 54 13 31 rerated Kureha Engineering Co., Ltd. 48 51 38 3
Slide 31: Disclaimer
Disclaimer • These materials are supplied to provide a deeper understanding of our company, and are not intended as a solicitation for investment or other actions • These materials ware prepared by our company based on the information available at this point in time, however actual performance may p