Slide 1: Kureha Corporation Reports Fiscal 2012 Results
Kureha Corporation Reports Fiscal 2012 Results Tokyo, Japan – May 2013 – Kureha Corporation (“Kureha”), a leading global supplier of specialty chemicals and plastics, has reported earnings for the fiscal year ended March 31, 2013 (FY2012). On a consolidated basis, sales increased by 1.7% year-on- ye
Slide 2: Summary of consolidated full year results
Summary of consolidated full year results (¥ million, except where stated) March 2012 March 2013 Change (%) Sales 128,358 130,550 1.7 Operating income 8,472 8,458 -0.2 Recurring income 7,867 6,570 -16.5 Net income 1,460 3,212 120.0 Earnings per share (EPS) (¥) 8.51 18.71 120.0 Consolidated performan
Slide 3: Advanced materials division performance and outlook
steadily, while sales for electronic and electrical materials applications slowed. Sales of PVDF resin for industrial use recovered in comparison to the previous year. However, PVDF resin for use in lithium-ion battery binders, which experienced strong demand in recent years especially in the period
Slide 4: Specialty chemicals division
Specialty chemicals division Major product areas – industrial chemicals, agrochemicals, pharmaceuticals Specialty chemicals division sales were up 9% year-on-year to ¥32.8 billion from ¥30.2 billion. The division made an operating profit of ¥6.1 billion, up 30%, thanks to the receipt of settlement f
Slide 5: Specialty plastics division
Specialty plastics division Major product areas – food packaging materials for commercial use, household packaging products Specialty plastics division sales increased by 9% from ¥37.7 billion to ¥40.9 billion, while operating income for the division grew by 34% to ¥3.0 billion. Sales of consumer pr
Slide 6: Construction and Other Operations divisions
Construction and Other Operations divisions Major product areas – construction, environmental engineering, transport/warehousing, and trading related businesses Construction sales were down 8% from ¥16.3 billion to ¥15.0 billion, with operating profit of ¥1.0 billion. Sales of other operations incre
Slide 7: FY2013 Outlook
make further efforts to improve profitability in industrial waste related operations, specifically increasing micro-PCB (Polychlorinated Biphenyls) processing work. FY2013 Outlook (¥ million, except where stated) March 2013 March 2014 Change (Forecast) (%) Sales 130,550 140,000 7.2 Operating income
Slide 8: Depreciation, R&D and interest-bearing debt outlook
Depreciation declined from ¥9.6 billion to ¥8.9 billion in fiscal 2012, but is projected to increase slightly to ¥9.5 billion during the fiscal year 2013. R&D spending during fiscal 2012 was ¥4.4 billion, representing a decline from the previous year. R&D expenditure remains critical to Kureha’s ope
Slide 9: Appendix: Condensed Consolidated Balance Sheets
<Appendix> Condensed Consolidated Balance Sheets ( ¥ millions) 31 March 2013 31 March 2012 Assets Current assets 68,210 66,821 Cash and cash equivalents 9,954 8,857 Fixed assets Tangible assets 99,444 87,118 Intangible assets 1,463 840 Investments and other assets 36,166 31,443 Total Assets 205,284
Slide 10: Results for the Year ended March 31, 2013
Results for the Year ended March 31, 2013 Kureha Corporation May 16, 2013
Slide 11: Contents
Contents 1.Fiscal 2012 Results and Fiscal 2013 Forecasts (2) • Financial Highlights (3) • Key Indicators (4) • Balance Sheets (5) • Analysis of Recurring Income (6) • Breakdown of Extraordinary Income/Losses (7) • Cashflow (8) 2． Consolidated Net Sales and Operating Income by Segment (9) •Advanced M
Slide 12: 1. Fiscal 2012 Results and Fiscal 2013 Forecasts
1. Fiscal 2012 Results and Fiscal 2013 Forecasts (2)
Slide 13: Financial Highlights
Financial Highlights （ unit： 100million yen ） FY2011 FY2012 FY2013 Estimate Non- Non- Year-on-year change Non- Year-on-year change Consolidated consolidated Ratio Consolidated consolidated Ratio Consolidated Non-consolidated Consolidated consolidated Ratio Consolidated Non-consolidated Net sales 1,2
Slide 14: Key Indicators
Key Indicators （ unit ： 100 million yen ） FY2011 FY2012 FY2013 Estimate Non- Non- Year-on-year change Non- Year-on-year change Consolidated consolidated Ratio Consolidated consolidated Ratio Consolidated Non-consolidated Consolidated consolidated Ratio Consolidated Non-consolidated Capital Expenditu
Slide 15: Balance Sheets
Balance Sheets 1. Assets (Unit: 100 million yen) As of Mar. 31, 2012 As of Mar. 31, 2013 Increase/decrease Non- Consolidated Non-consolidated Consolidated Non-consolidated Consolidated consolidated Cash and cash equivalents 89 34 100 49 11 15 Accounts and notes receivable-trade 296 174 275 162 -21 -
Slide 16: Analysis of Recurring Income
Analysis of Recurring Income Recurring Income (Unit:100 million yen） FY2011 FY2012 Change Kureha 62.1 79% 75.3 115% 13.3 Consolidated subsidiaries 28.2 36% -1.3 -2% -29.5 Equity-method affiliates 2.1 3% 2.8 4% 0.7 Consolidation adjustments -13.8 -17% -5.5 -8% 8.3 Total 78.7 100% 65.7 100% -13.0 Reas
Slide 17: Breakdown of Extraordinary Income/Losses
Breakdown of Extraordinary Income/Losses (Unit: 100 million yen) FY2011 FY2012 Amount Increase/Decrease Non- Non- Non- Consolidated consolidated Consolidated consolidated Consolidated consolidated Subsidy income - - 3.1 - 3.1 - Compensation income - - 1.5 - 1.5 - Gain on business transfer 7.0 7.0 -
Slide 18: Cashflow
Cashflow (Unit: 100 million yen) FY2011 FY2012 FY2013 Estimate Consolidated Non-consolidated Consolidated Non-consolidated Consolidated Non-consolidated Pre-depreciation profit 128 96 143 122 160 113 Increase/decrease in Cashflow from assets and liabilities 8 -19 -25 -32 -54 -32 Operating activities
Slide 19: 2. Consolidated Net Sales and Operating Income by Segment
2. Consolidated Net Sales and Operating Income by Segment (9)
Slide 20: Advanced Materials
Consolidated Net Sales and Operating Income by Segment ＜Advanced Materials＞ （Unit:100 million yen) FY2011 FY2012 FY2013 Estimate Amount Increase/decrease Amount Increase/decrease Carbon products 69 44 -26 -37% 52 8 19% Consolidated Kureha Advanced plastics 147 137 -11 -7% 154 17 13% net sales Others
Slide 21: Specialty Chemicals
Consolidated Net Sales and Operating Income by Segment ＜Specialty Chemicals＞ （ Unit:100 million yen) FY2011 FY2012 FY2013 Estimate Amount Increase/decrease Amount Increase/decrease Industrial chemicals 90 94 4 4% 100 6 6% Consolidated Kureha Agrochemicals 76 83 7 9% 93 10 12% net sales Pharmaceutica
Slide 22: Specialty Plastics
Consolidated Net Sales and Operating Income by Segment ＜Specialty Plastics＞ （ Unit:100 million yen) FY2011 FY2012 FY2013 Estimate Amount Increase/decrease Amount Increase/decrease Food packaging materials 96 79 -17 -18% 82 3 4% Household products 140 178 38 27% 180 2 1% Consolidated Kureha Fishing l
Slide 23: Construction-related and Other Operations
Consolidated Net Sales and Operating Income by Segment ＜Construction – related＞ （ Unit:100 million yen) FY2011 FY2012 FY2013 Estimate Amount Increase/decrease Amount Increase/decrease Construction-related business 292 247 -45 -15% 210 -37 -15% Consolidated Consolidated adjustments -129 -98 32 - -70
Slide 24: 3. Consolidated Companies
3. Consolidated Companies (14)
Slide 25: Consolidated Companies
Consolidated Companies As at March 31, 2013, the Kureha group consisted of Kureha Corporation, 39 subsidiaries (of which 37 were consolidated) and five affiliates (of which two were accounted for by the equity method).. （Unit :100million yen） FY2011 FY2012 Increase/Decrease Net sales Total assets Ne
Slide 26: Consolidated Companies
Consolidated Companies （Unit: 100 million yen) FY2011 FY2012 Increase/Decrease Net sales Total assets Net sales Total assets Net sales Total assets Kurehanishiki Construction Co., Ltd. and three group companies 193 96 190 92 -2 -4 Construction - Kureha Engineering Co., Ltd. 100 44 57 34 -43 -10 rela
Slide 27: 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