Slide 1: Kureha Corporation Reports Fiscal 2009 Results
Kureha Corporation Reports Fiscal 2009 Results Tokyo, Japan – May 2010 – Kureha Corporation (“Kureha”), a leading global supplier of specialty chemicals and plastics, has reported earnings for the fiscal year ended March 2010 (FY2009). On a consolidated basis, operating income declined by 39.7% year
Slide 2: Consolidated performance by segment
Consolidated performance by segment (¥ million, except where stated) Division March 2009 March 2010 March 2011 (Forecast) Advanced materials Sales 32,423 28,423 32,000 Operating income 678 -3,645 -1,800 Specialty chemicals Sales 33,898 35,831 33,000 Operating income 5,731 6,619 4,200 Specialty plast
Slide 3: Specialty chemicals and specialty plastics divisions
of capacity. Demand for carbon fibers is forecast to recover from the second half, with production levels set to reach around 60%. Specialty chemicals division Major product areas – industrial chemicals, agrochemicals, pharmaceuticals Specialty chemicals division sales were up 6% year-on-year to ¥35
Slide 4: Household products and fishing line sales
NEW Krewrap struggles amid competition Sales of household products were down by 6% to ¥21.5 billion. Despite product renewal and improvement efforts, New Krewrap sales and profitability declined due to increased material costs and severe competition in the market. Fishing line sales grow The timely
Slide 5: FY2010 Outlook
FY2010 Outlook (¥ million, except where stated) March 2010 March 2011 Change (Forecast) (%) Sales 134,606 140,000 4 Operating income 5,706 6,000 5.2 Recurring income 5,499 5,000 -9.1 Net income 1,571 2,400 53.0 Earnings per share (EPS) (¥) 8.77 13.39 52.7 For fiscal 2010 Kureha forecasts sales of ¥1
Slide 6: Appendix: Condensed Consolidated Balance Sheets and Income Statement
<Appendix> Condensed Consolidated Balance Sheets ( ¥ millions) 31 March 2010 31 March 2009 Assets Current assets 65,571 68,592 Cash and cash equivalents 7,213 7,264 Fixed assets 119,052 113,631 Property, plant and equipment 81,794 77,363 Intangible assets 1,030 1,108 Investments and other assets 36,
Slide 7: Results for the Year ended March 31, 2010
Results for the Year ended March 31, 2010 May 13, 2010
Slide 8: Contents
Contents 1. Consolidated Companies (2)～(3) 2. Fiscal 2009 Results and Fiscal 2010 Forecasts (4) ・Financial Highlights (5) ・Key Indicators (6) ・Balance Sheets (7) ・Analysis of Recurring Income (8)～(9) ・Breakdown of Extraordinary Income/Losses (10) ・Cashflow (11) 3． Consolidated Net Sales and Operatin
Slide 9: Consolidated Companies
１. Consolidated Companies （Unit :100million yen） FY2008 FY2009 Increase/Decrease Net sales Total assets Net sales Total assets Net sales Total assets Kureha Corporation 866 1,442 856 1,468 -10 26 Nishiki Trading Co., Ltd. and one group company 294 104 286 121 -8 17 Advanced Kureha Corporation 227 -
Slide 10: Consolidated Companies
１. Consolidated Companies （Unit: 100 million yen) FY2008 FY2009 Increase/Decrease Net sales Total assets Net sales Total assets Net sales Total assets Other Kureha Ecology Management Co., Ltd. 50 41 36 56 -14 15 Operations Kureha Special Laboratory Co., Ltd. 15 7 14 7 -2 -0 Kureha Engineering Co., L
Slide 11: Fiscal 2009 Results and Fiscal 2010 Forecasts
２. Fiscal 2009 Results and Fiscal 2010 Forecasts (4)
Slide 12: Financial Highlights
Financial Highlights （ unit： 100million yen ） FY2008 FY2009 FY2010(est.) 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 (620) (390) Net
Slide 13: Key Indicators
Key Indicators （ unit ： 100 million yen ） FY2008 FY2009 FY2010（est.) Non- Non- Year-on-year change Non- Year-on-year change Consolidated consolidated Ratio ConsolidatedonsolidateRatio Consolidated Non-consolidated ConsolidatedconsolidatedRatio Consolidated Non-consolidated Capital Expenditure 178 11
Slide 14: Balance Sheets
Balance Sheets 1. Assets (Unit: 100 million yen) As of Mar. 31, 2009 As of Mar. 31, 2010 Increase/decrease Non- Non- Non- Consolidated consolidated Consolidated consolidated Consolidated consolidated Cash and cash equivalents 73 44 72 47 -1 3 Accounts and notes receivable-trade 301 164 318 207 17 43
Slide 15: Analysis of Recurring Income
Analysis of Recurring Income (Unit:100 million yen) FY2008 FY2009 Change Kureha 68.9 80% 45.7 83% -23.2 Recurring Consolidated subsidiaries 27.6 32% 18.8 34% -8.8 income Equity-method affiliates 3.1 4% 2.9 5% -0.1 Consolidation adjustments -13.0 -15% -12.4 -23% 0.6 計 86.5 100% 55.0 100% -31.5 Reason
Slide 16: Analysis of Recurring Income
Analysis of Recurring Income (Unit:100 million yen） FY2009 FY2010(est.) Change Kureha 45.7 83% 37.0 74% -8.7 Recurring Consolidated subsidiaries 18.8 34% 19.0 38% 0.2 income Equity-method affiliates 2.9 5% 2.1 4% -0.8 Consolidation adjustments -12.4 -23% -8.1 -16% 4.3 計 55.0 100% 50.0 100% -5.0 Reas
Slide 17: Breakdown of Extraordinary Income/Losses
Breakdown of Extraordinary Income/Losses (Unit:100 million yen) FY2008 FY2009 FY2010(est.) Amount Increase/Decrease Amount Increase/Decrease Non- Non- Non- Non- Non- Consolidated consolidated Consolidated consolidated Consolidatedconsolidated Consolidated consolidated Consolidatedconsolidated Income
Slide 18: Cashflow
Cashflow (Unit: 100 million yen) FY2008 FY2009 FY2010(est.) Consolidated Non-consolidated Consolidated Non-consolidated Consolidated Non-consolidated Pre-depreciation profit 163 122 146 121 150 136 Increase/decrease in Cashflow from assets and liabilities -12 -23 16 4 -50 -22 Operating activities Pa
Slide 19: Consolidated Net Sales and Operating Income by Segment
３. Consolidated Net Sales and Operating Income by Segment (12)
Slide 20: Advanced Materials
Consolidated Net Sales and Operating Income by Segment ＜Advanced Materials＞ （Unit:100 million yen) FY2008 FY2009 FY2010(est.) Amount Increase/decrease Amount Increase/decrease Carbon products 78 54 -24 -31% 64 10 18% Consolidated Kureha Advanced plastics 118 128 10 8% 145 17 14% net sales Others 31
Slide 21: Specialty Chemicals
Consolidated Net Sales and Operating Income by Segment ＜Specialty Chemicals＞ （ Unit:100 million yen) FY2008 FY2009 FY2010(est.) Amount Increase/decrease Amount Increase/decrease Industrial chemicals 103 102 -1 -1% 100 -2 -2% Consolidated Kureha Agrochemicals 74 69 -5 -7% 80 11 15% net sales Pharmace
Slide 22: Specialty Plastics
Consolidated Net Sales and Operating Income by Segment ＜Specialty Plastics＞ （ Unit:100 million yen) FY2008 FY2009 FY2010(est.) Amount Increase/decrease Amount Increase/decrease Food packaging materials 100 108 8 8% 114 6 6% Household products 229 215 -14 -6% 198 -17 -8% Consolidated Kureha Fishing l
Slide 23: Other Operations
Consolidated Net Sales and Operating Income by Segment ＜Other Operations＞ （ Unit:100 million yen) FY2008 FY2009 FY2010(est.) Amount Increase/decrease Amount Increase/decrease Environmental engineering business 65 50 -15 -23% 65 15 31% Construction-related business 348 285 -63 -18% 270 -15 -5% Consol
Slide 24: 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