Slide 1: Kureha Corporation Reports Interim Results
Kureha Corporation Reports Interim Results Period April- September 2012 Tokyo, Japan – November 2012 – Kureha Corporation (“Kureha”), a leading global supplier of specialty chemicals and plastics, has reported earnings for the half-year period ended September 30, 2012. On a consolidated basis, opera
Slide 2: Update on PGA Resin and Consolidated Interim Performance
Update on PGA (polyglycolic acid) Resin Oil exploration firms are paying fresh attention to Kureha’s PGA for use in the extraction of shale gas resources, taking advantage of its hydrolytic properties at various temperatures. To extract gas from shale formations, pressurized fluid is applied to frac
Slide 3: Advanced Plastics, PGA and Specialty Chemicals Division
Sales of advanced plastics continued to decline from ¥7.3 billion to ¥7.0 billion. PPS resin used in automotive applications showed favorable sales growth, while earnings at the U.S. joint venture, Fortron Industries, also increased. At the same time, however, PVDF resin experienced a decline in bot
Slide 4: Specialty Plastics Division
Specialty Plastics Division Major product areas –food packaging materials, household products Specialty Plastics Division operating income showed significant improvement to reach ¥1.7 billion while sales increased by 18% YoY, from ¥17.1 billion to ¥20.2 billion. During the period the fishing line bu
Slide 5: Capital Expenditure and Outlook for the Full Year
(¥ billion) Sept. 2012 Sept. 2011 March 2013 (forecast) Capital expenditure 7.5 8.5 21.0 Depreciation 4.1 4.6 8.1 R&D 2.1 2.5 5.6 Interest-bearing debt 61.8 55.6 68.9 Capital expenditure dropped from ¥8.5 billion to ¥7.5 billion during the first half-year period due to a delay in construction work,
Slide 6: Full-year forecast and contact information
are forecast to improve to ¥135.0 billion and operating income is also expected to grow 6.2% YoY. Recurring income, however, is expected to deteriorate. Net income for the full year is projected to be ¥2.5 billion. ***** For further information, please contact: KUREHA CORPORATION Public Relations an
Slide 7: Condensed interim balance sheets and income statement
Condensed interim balance sheets As of 30 September 2012 and 2011 ¥ million Sept. 2012 Sept. 2011 Assets Current assets 66,821 58,563 Cash and cash equivalents 8,857 6,055 Fixed assets 119,402 118,746 Property, plant and equipment 87,118 87,422 Intangible assets 840 909 Investments and other assets
Slide 8: Interim Results for the Financial Year Ending March 31, 2013
Interim Results for the Financial Year Ending March 31, 2013 November 19, 2012
Slide 9: Contents
Contents 1. Interim Results for the Financial Year 2012 (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 10: 1. Interim Results for the Financial Year 2012
1. Interim Results for the Financial Year 2012 (2)
Slide 11: Financial Highlights
Financial Highlights (Comparison with same period in FY2011) (Unit:100 million yen) FY2011 Interim FY2012 Interim Increase/decrease (Ratio) Non- Non- Non- Consolidated Ratio Consolidated Ratio Consolidated Consolidated Consolidated Ccnsolidated Net sales 588.5 338.4 1.7 637.2 377.6 1.7 48.7 8.3% 39.
Slide 12: Advanced Materials
Consolidated Net Sales and Operating Income by Segment Advanced Materials (Unit:100 million yen) FY2011 Interim FY2012 Interim Increase/decrease results results (Ratio) Carbon products 35 23 -12 -34% Kureha Advanced plastics 73 70 -3 -4% Consolidated Others 1 2 1 104% net sales Total 109 95 -14 -13%
Slide 13: Specialty Chemicals
Consolidated Net Sales and Operating Income by Segment Specialty Chemicals (Unit:100 million yen) FY2011 Interim FY2012 Interim Increase/ decrease results results (Ratio) Industrial chemicals 43 47 3 7% Kureha Agrochemicals 36 41 5 14% Consolidated Pharmaceuticals 40 54 13 33% net sales Total 119 14
Slide 14: Specialty Plastics
Consolidated Net Sales and Operating Income by Segment Specialty Plastics (Unit: 100 million yen) FY2011 Interim FY2012 Interim Increase/ decrease results results (Ratio) Food packaging 41 39 -2 -5% Kureha Household products 56 89 34 60% Fishing lines 6 - -6 - Consolidated Others 8 14 6 77% net sale
Slide 15: Construction related and Other operations
Consolidated Net Sales and Operating Income by Segment Construction related (Unit: 100 million yen) FY2011 Interim FY2012 Interim Increase/ decrease results results (Ratio) Construction-related business 109 107 -2 -2% Consolidated Consolidation adjustments -59 -47 12 - net sales Total 50 60 10 21% C
Slide 16: Analysis of Recurring Income
Analysis of Recurring Income （Comparison with same period in FY2011) (Unit: 100million yen） FY2011 Interim FY2012 Interim Change Kureha 32.8 83% 49.4 133% 16.6 Recurring Consolidated subsidiaries 16.4 41% -3.6 -10% -20.0 income Equity-method affiliates 1.1 3% 1.3 4% 0.2 Consolidation adjustments -10
Slide 17: Breakdown of Extraordinary Income/Losses
Breakdown of Extraordinary Income/Losses (Unit:100 million yen） FY2011 Interim FY2012 Interim Increase/decrease Non- Non- Non- Consolidated Consolidated Consolidated Consolidated Consolidated Consolidated Compensation for damage - - 1.0 - 1.0 - Extradinary Subsidy income 1.0 - 0.7 - -0.3 - income Ga
Slide 18: Key Indicators
Key Indicators (Comparison with same period in FY2012) (Unit:100 million yen) FY2011 Interim FY2012 Interim Increase/decrease (Ratio) Non- Non- Non- Consolidated Consolidated Ratio Consolidated Consolidated Ratio Consolidated consolidated Capital expenditure 85 37 2.3 75 50 1.5 -10 -11% 13 36% Depre
Slide 19: Balance Sheets
Balance Sheets 1.Assets (Unit: 100 million yen) As of Mar.30,2011 As of Sep.30,2012 Increase/decrease Non- Non- Non- consolideted consolideted consolideted consolidated consolidated consolidated Cash and cash equivalents 89 34 99 30 10 -3 Accounts and notes receivable-trade 296 174 265 172 -31 -2 In
Slide 20: Cashflow
Cashflow (Unit: 100 million yen) FY2011 Interim FY2012 Interim Increase/decrease Non- Non- Non- Consolidated consolidated Consolidated consolidated Consolidated consolidated Pre-depreciation profit 42 26 79 79 37 53 Increase/decrease in 21 -5 -24 -31 -45 -27 Cashflow from assets and liabilities Oper
Slide 21: 3. Estimates for the Financial Year ending March 2013
３. Estimates for the Financial Year ending March 2013 (13)
Slide 22: Estimated Figures
Estimated Figures （ Unit: 100 million yen） FY2011 FY2012 Increase/decrease (Ratio) Non- Non- Non- Consolidated consolidated Ratio Consolidated consolidated Ratio Consolidated consolidated Net sales 1,284 731 1.8 1,350 780 1.7 66 5.2% 49 6.7% Operating income 85 61 1.4 90 70 1.3 5 6.2% 9 15.2% Recurr
Slide 23: Advanced Materials
Consolidated Net Sales and Operating Income by Segment Advanced Materials (Unit: 100 million yen) FY2011 FY2012 increase/decrease (Ratio) Carbon products 69 49 -20 -29% Kureha Advanced plastics 147 152 5 3% Consolidated Others 4 4 0 0% net sales Total 220 205 -15 -7% Consolidated subsidiaries 216 22
Slide 24: Specialty Chemicals
Consolidated Net Sales and Operating Income by Segment Specialty Chemicals (Unit: 100 million yen) FY2011 FY2012 increase/decrease (Ratio) Industrial chemicals 90 95 5 5% Kureha Agrochemicals 76 84 8 10% Consolidated Pharmaceuticals 80 96 16 20% net sales Total 246 275 29 12% Consolidated subsidiari
Slide 25: Specialty Plastics
Consolidated Net Sales and Operating Income by Segment Specialty Plastics (Unit: 100 million yen) FY2011 FY2012 increase/decrease (Ratio) Food packaging materials 96 92 -4 -4% Kureha Household products 140 175 35 25% Fishing lines 11 - -11 - Consolidated Others 18 33 15 84% net sales Total 265 300 3
Slide 26: Construction related and Other Operations
Consolidated Net Sales and Operating Income by Segment Construction related (Unit: 100 million yen) FY2011 FY2012 Increase/ decrease (Ratio) Construction-related business 292 230 -62 -21% Consolidated Consolidation adjustments -129 -80 49 - net sales Total 163 150 -13 -8% Consolideted operating inco
Slide 27: Key Indicators
Key Indicators (Unit: 100 million yen) FY2011 FY2012 Increase/decrease (Ratio) Non- Non- Non- Consolidated consolidated Ratio Consolidated consolidated Ratio Consolidated consolidated Capital expenditure 144 72 2.0 210 155 1.4 66 46% 83 116% Depreciation 96 80 1.2 81 64 1.3 -15 -15% -16 -20% R&D exp
Slide 28: Cashflow
Cashflow (Unit: 100 million yen) FY2011 FY2012 Increase/decrease Non- Non- Non- Consolidated consolidated Consolidated consolidated Consolidated consolidated Pre-depreciation profit 128 96 130 118 2 22 Increase/decrease in 8 -19 -15 -19 -23 0 Cashflow from assets and liabilities Operating activities
Slide 29: 3. Consolidated Companies
3. Consolidated Companies (21)
Slide 30: Consolidated Companies
Consolidated Companies （Unit :100million yen） FY2011 Interim FY2012 Interim Increase/decrease Net sales Total assets Net sales Total assets Net sales Total assets Kureha Corporation 338 1,460 378 1,547 39 87 Kureha Trading Co., Ltd. and one group company 138 120 138 128 -1 8 Advanced Kureha Corporat
Slide 31: Consolidated Companies
Consolidated Companies （Unit:100 million yen) FY2011 Interim FY2012 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 78 83 17 -2 rerated Kureha Engineering Co., Ltd. 48 51 29 3
Slide 32: 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