Kuraray Co., Ltd. Provides Consolidated Earnings Guidance for the Interim Period and for the Fiscal Year Ending Dec. 31, 2023
February 08, 2023 at 09:00 pm EST
Share
Kuraray Co., Ltd. provided consolidated earnings guidance for the interim period and for the fiscal year ending Dec. 31, 2023. For the interim period, The company expects net sales to be JPY 400,000 million, Operating income to be JPY 36,000 million, net income attributable to owners of parent to be JPY 21,000 million or JPY 62.74 per share.
For the year, The company expects net sales to be JPY 830,000 million, Operating income to be JPY 84,000 million, net income attributable to owners of parent to be JPY 51,000 million or JPY 152.38 per share.
Kuraray Co., Ltd. is the world's leader in the manufacturing and marketing of chemical products, resins and synthetic fibers. Net sales break down by family of products as follows:
- chemical and resin (45.6%): functional resins and films, elastometers, thermoplastics, adhesives, fine chemistry products, etc. primarily for cosmetic products, televisions and mobile phones screens, foot packaging and paper manufacturing;
- fibers and textile products (29.8%): synthetic fibers and man-made leather, polyester, nonwoven textile products, resins, etc. sold under the brands Kuralon, Clarino Vectran and Kuraflex;
- functional materials (18.8%): methacrylic resin, medical chemicals, carbon materials, etc.;
- other (5.8%): primarily dental treatment and water purifying products.
At the end of 2019, the group had 52 production worldwide.
Net sales break down geographically as follows: Japan (27.1%), China (13.8%), Asia (12.3%), Europe (23.6%), the United States (18.5%) and other (4.7%).
KURARAY CO., LTD 
