Daicel Corporation Reaffirms Earnings Guidance for the Year 2020 and Provides Earnings Guidance for the Years 2021, 2022, 2023 and 2024
March 11, 2021 at 12:30 am EST
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Daicel Corporation reaffirmed earnings guidance for the year 2020 and provided earnings guidance for the years 2021, 2022, 2023 and 2024. For the year 2020, the company expects sales of JPY 388.0 billion, operating income of JPY 28.0 billion and net income attributable to owners of the parent of JPY 18.0 billion.
For the year 2021, the company expects sales of JPY 395.0 billion, operating income of JPY 13.0 billion and net income attributable to owners of the parent of JPY 15.0 billion.
For the year 2022, the company expects sales of JPY 408.0 billion, operating income of JPY 21.0 billion and net income attributable to owners of the parent of JPY 18.0 billion.
For the year 2023, the company expects sales of JPY 436.0 billion, operating income of JPY 33.0 billion and net income attributable to owners of the parent of JPY 24.0 billion.
Daicel Corporation is mainly engaged in the manufacture and sale of cellulose products, organic synthetic products, synthetic resin products, pyrotechnic products and others. The Company operates in five business segments. The Cellulose segment is engaged in the manufacture and sale of cellulose acetate, acetate tow for cigarette filters, carboxymethyl cellulose (CMC) and hydroxyethyl cellulose (HEC). The Organic Synthesis segment is engaged in the manufacture and sale of acetic acid derivatives, epoxy compounds, semiconductor resist materials and others. The Synthetic Resins segment is engaged in the manufacture and sale of polyester resins, wrapping plastics and others. The Pyrotechnic segment is engaged in the manufacture and sale of propellant powder and emergency evacuation systems for aircraft passengers, among others. The Others segment is engaged in the provision of production innovation services and other businesses.
DAICEL CORPORATION 
