Kumiai Chemical Industry Co., Ltd. · TSE:4996
Kumiai Chemical Industry — Q1 FY2023 Earnings Presentation
13 slides from Kumiai Chemical Industry's earnings presentation, Mar 24, 2023
Slide 1: First Quarter Financial Results for the Fiscal Year Ending October 31, 2023
First Quarter Financial Results for the Fiscal Year Ending October 31, 2023 March 24, 2023
Slide 2: Financial Results for the First Quarter of FY2023
Financial Results for the First Quarter of FY2023 1Q 2022 1Q 2023 YoY Unit: Billions of Yen Rate Results Results (Amount) Net Sales 32.8 42.8 ＋10.0 ＋30% Gross Profits 8.2 11.0 ＋2.9 ＋35% Operating Income 3.4 5.8 ＋2.4 ＋69% Ordinary Income 4.0 4.0 ＋0.1 ＋2% Net income attributable to owners of parent 2.
Slide 3: Factors Contributing to Change in Operating Income
Factors Contributing to Change in Operating Income （¥billion） Increase in sales Significant yen depreciation volume of AXEEV compared to corresponding period of previous fiscal year Implementation of increase in price Increase in SG&A expenses due to business expansion 3
Slide 4: Financial Results by Business Segment
Financial Results by Business Segment 1Q 2022 1Q 2023 YoY Unit: Billions of Yen Rate Results Results (Amount) Net Sales 32.8 42.8 ＋10.0 ＋30% Agricultural Chemicals and Agriculture-Related 25.1 35.1 ＋10.0 ＋40% Fine Chemicals 5.9 5.4 △0.5 △9% Other 1.8 2.3 ＋0.5 ＋24% Operating Income 3.4 5.8 ＋2.4 ＋69%
Slide 5: Agricultural Chemicals and Agriculture-Related Businesses
Agricultural Chemicals and Agriculture-Related Businesses Domestic Sales of Effeeda and box-treatment products such as DISARTA remained steady. Early shipments were made due to increase in rush demand before price revisions. Overseas Shipments of AXEEV to the U.S. increased significantly. Price incr
Slide 6: Fine Chemicals Business
Fine Chemicals Business Chlorination Demand for some chloroxylene-based chemical products decreased due to economic slowdown in China and the U.S.. Advanced Chemicals Demand for bismaleimides decreased due economic slowdown in China and the U.S.. Inventory adjustments were made across semiconductor
Slide 7: Overseas Sales and Ratio for the First Quarter of FY2023
Overseas Sales and Ratio Overseas Sales and Ratio for the First Quarter of FY2023 Agricultural Chemicals Overall Fine Chemicals and Agriculture-Related Overseas Ratio 70% Overseas Ratio Overseas Ratio Up 6 points YoY 61% 30% Up 6 points YoY Down 2 points YoY ¥24.5billion ¥26.1billion ¥1.6billion 7
Slide 8: Summary of the First Quarter of FY2023
Summary of the First Quarter of FY2023 Overall Net Sales 42.8billion（YoY＋¥10.0B） ✓Agricultural ¥ Chemicals and Agriculture-Related Business remained strong ✓As raw material costs are still on the rise, price increase was implemented Operating Income ¥5.8billion（YoY ＋¥2.4B） for agricultural chemicals
Slide 9: Earnings Forecast for the FY2023 (1H)
Earnings Forecast for the FY2023 (1H) 2Q 2022 2Q 2023 YoY Unit: Billions of Yen Rate Results Forecast (Amount) Net Sales 72.2 92.4 ＋20.2 ＋28% Operating Income 7.9 10.1 ＋2.2 ＋28% Ordinary Income 11.4 12.4 ＋1.0 ＋8% Net income attributable to owners of parent 8.0 9.0 ＋1.0 ＋13% Ref.) Average of exchange
Slide 10: Earnings Forecast for the FY2023
Earnings Forecast for the FY2023 2022 2023 YoY Unit: Billions of Yen Rate Results Forecast (Amount) Net Sales 145.3 167.9 ＋22.6 ＋16% Agricultural Chemicals and 112.4 134.5 ＋22.1 ＋20% Agriculture-Related Fine Chemicals 25.0 24.5 △0.5 △2% Other 7.9 8.9 ＋1.0 ＋13% Operating Income 12.7 14.5 ＋1.8 ＋14% Or
Slide 11: R&D expenses, Capital investment, Depreciation and amortization
R&D expenses, Capital investment, Depreciation and amortization R&D expenses FY2022 Results ¥ 5.1billion FY2023 Forecast ¥ 5.9billion (Factors) Increase in number of employees in R&D division, Increase in travel expenses relating to R&D activities Capital investment FY2022 Results ¥ 9.6billion FY202
Slide 12: Thank you for your attention.
Thank you for your attention.
Slide 13: Forward-looking statements and inquiries
Statements in this document regarding earnings forecasts and other forward- looking statements are expectations based on information available at the time the material was prepared and include potential risks and uncertainties. Actual results may differ from these earnings forecasts due to a variety
Kumiai Chemical Industry — Q1 FY2023 Earnings Presentation on 6ix