Kuraray Co., Ltd

3405

JP3269600007

Commodity Chemicals

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-04-26 am EDT			5-day change	1st Jan Change
1,720 ^JPY	+0.41%		+1.80%	+20.69%

Mar. 27	Kuraray to Disposes of 83,000 Shares as Restricted Stock Compensation for 133.96 Million Yen	MT
Mar. 26	Kuraray Co., Ltd. Announces Investment in Subsidiary Kuraray Asia Pacific Pte. Ltd. for EVALTM, EVOH resin	CI

Kuraray : Dec. 2023, Management briefing material (Dental Business) (923KB)

December 17, 2023

December 18, 2023

Management Briefing

KURARAY CO., LTD.

Today's Agenda

1. Introduction	Nobuhiko Takai
	Director and Managing Executive Officer
	President, Functional Materials Company
2. Dental Business and	Satoshi Yamaguchi
its Strategy	General Manager of Medical Division,
	President of Kuraray Noritake Dental Inc.

Introduction: Products that contribute to PSA

Kuraray Group Products that contribute to the Natural and Living Environments

Improving natural			Improving living environment

		Make dentists and patients life
environment
			easier

Asbestos substitutes	Water and air purification	Lower logistical burden/	Dental materials
KURALON		Food loss reduction	Shorten time of treatment
Activated		Long-lasting products reduce number of
		replacements
Help extend the life of cement materials	carbon	EVAL EVOH resin

Fewer GHG emission compared to		High-speed communication
competitive products		Recyclable (contributes to a
		circular economy)	VECSTAR
Bio-based or recycled raw		Reduces food loss

materials		Bio-based gas barrier	Realize high-speed
	communication
Liquid rubber made from
Easy to reactivate	material PLANTIC
bio-based materials	Reduce Scope３ GHG emission	Lightweight EVs
	Suitable for environmental
Environmentally friendly	regulation	Reduce food loss

polyester fiber and textile products			GENESTAR heat-resistant
Recycled raw material-used			polyamide resin
CLARINO™ man-made leather
		Improve durability of end-product

Reduce scope3 GHG emission

Introduction: Overview of Functional Material Segment

The segment have products and businesses that have high function

Functional Material Segment

Methacrylate	Medical Division
Division

Methacrylate resin	Dental material

	Synthetic bone

Environmental

Solutions Division

Activated carbon

KURANODE , hard carbon for lithium-ion battery anodes

Environmental

Business Development

and Promotion Division

Industrial fiber membranes

Dental Business and its Strategies

Overview of Kuraray Noritake Dental Inc.

Kuraray Noritake Dental Inc. commenced operations following the integration of Kuraray Medical Inc. and Noritake Dental Supply Co., Limited on April 1, 2012
Investment ratio: 66.7% from Kuraray Co., Ltd. and 33.3% from Noritake Company Ltd.
Principal businesses:

Development, production and sale of dental bonding agents, fillings, porcelains, CAD/CAM materials, etc.

Capital: ¥300 million
Representative: Mr. Satoshi Yamaguchi

Global Network

Producing and developingproducts at 2 sites in Japan.

Expanding global sales by leveraging Kuraray's sales network.

Europe

Amsterdam

Frankfurt

Shanghai		New York

Milan	Niigata	North
		America
Paris	Tokyo
Osaka		Sao Paulo
Miyoshi	Asia

Oceania

South

America

Production & Development Sites

Sales Offices

Global Dental Device Market

The entire market for dental devices is about ¥5 trillion. Of this, our target market is estimated to be ¥400 billion. The market is growing at an annual rate of about +3%. Developed countries such as the U.S., Europe and Japan account for 20-30% each of the market.

Dental device market total:		Our target market
¥5 trillion		(bonding agents, fillings, dental porcelains, CAD/CAM materials, etc.):
		¥400 billion (Kuraray estimates)
Others
JP	U.S.	Others	U.S.

Europe

Data Source: Fitch Solutions "Worldwide Medical Devices Market Factbook" (2023 April)

Our Strength

Synergy from the integration of Kuraray Medical Inc. and Noritake Dental Supply Co., Limited By having a wide range of resin and ceramic materials, we are able to provide a "total solution".

Resin materials	Produced at Niigata Plant (formerly produced by Kuraray Medical Inc.
Ceramic materials	Produced at Miyoshi Plant (formerly produced by Noritake Dental Supply Co., Limited)

		Dentists

Milling

Porcelain, Zirconia	Cement	Treatment by crown


(Crown)	(Adhere crown)

			By providing main dental materials needed for

			treatment all together, contributing to improving
Bond		Composite Resin(CR)
	convenience for dentists	Treatment by filling
(Adhere filling)		(Filling)

Our Strength

Highly evaluated by REALITY, independent dental material evaluation agency in the U.S.

Number of products obtaining REALITY "FIVE STAR AWARD (Highest

Rating)" in Bond, Cement and Composite Resin category

Company G

Company F 1

Company E

Company D

Kuraray Noritake

Dental

Company C

310

Company B

Company A

Source:

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Disclaimer

Kuraray Co. Ltd. published this content on 18 December 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 December 2023 01:01:34 UTC.

Latest news about Kuraray Co., Ltd

Kuraray to Disposes of 83,000 Shares as Restricted Stock Compensation for 133.96 Million Yen	Mar. 27	MT
Kuraray Co., Ltd. Announces Investment in Subsidiary Kuraray Asia Pacific Pte. Ltd. for EVALTM, EVOH resin	Mar. 26	CI
Kuraray to Pay 25 Yen Per Share Dividend	Feb. 18	MT
Kuraray Co., Ltd. Provides Interim Dividend Guidance for the Half Year Ending June 30, 2024 and Full Year Ending Dec. 31, 2024	Feb. 07	CI
Kuraray Co., Ltd. Announces Dividend for the Fiscal Year Ended December 31, 2023	Feb. 07	CI
Kuraray Co., Ltd. Provides Earnings Guidance for the Half Year Ending June 30, 2024, and Full Year December 31, 2024	Feb. 07	CI
Shikoku Chemicals acquired Ballast Water Management System Business from Kuraray Co., Ltd.	Dec. 08	CI
Eight Texas chemical plant workers treated for toxic gas exposure	Dec. 04	RE
Eight Texas chemical plant workers treated for toxic gas exposure	Dec. 04	RE
Kuraray Co., Ltd. Announces Its Resolution Regarding Change in Its Representative Director	Nov. 22	CI
Kuraray's Nine-Month Attributable Net Income Falls After Reporting Fire Lawsuit-Related Loss	Nov. 09	MT
Kuraray Co., Ltd. Provides Year-End Dividend Forecast for the Fiscal Year Ending December 31, 2023	Nov. 08	CI
Kuraray Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023	Nov. 08	CI
China Property Woes Undercut Asian Stock Markets	23-08-18	MT
Kuraray Co., Ltd. Revises Year-End Dividend Forecast for the Fiscal Year Ending December 31, 2023	23-08-08	CI
Resol Co., Ltd. signed an agreement to acquire Iruma Country Club Co., Ltd from Kuraray Co., Ltd..	23-07-11	CI
Ex-Goldman Sachs banker stole merger details, prosecutor tells jury	23-06-12	RE
Kuraray Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023	23-05-12	CI
Kuraray Co., Ltd. Provides Earnings Guidance for the Half Year Ending June 30, 2023, and Full Year December 31, 2023	23-05-11	CI
Kuraray Co., Ltd. Announces Dividend for the Fiscal Year Ended December 31, 2022 and Provides Dividend Forecast for the Second Quarter and Full Year Ending December 31, 2023	23-05-11	CI
Kuraray to Grant Restricted Stock Compensation	23-03-29	MT
Federal Reserve Outlook, Softer Yen Roil Tokyo Stock Market	23-02-09	MT
Transcript : Kuraray Co., Ltd., 2022 Earnings Call, Feb 09, 2023	23-02-08
Kuraray Co., Ltd. Provides Consolidated Earnings Guidance for the Interim Period and for the Fiscal Year Ending Dec. 31, 2023	23-02-08	CI
Kuraray Co., Ltd. Provides Dividend Guidance for the Full Year Ending Dec. 31, 2023	23-02-08	CI

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Company Profile

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%).

Sector

Commodity Chemicals

Calendar

2024-05-13 - Q1 2024 Earnings Release

Related indices

Nikkei 225

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Ratings for Kuraray Co., Ltd

Trading Rating

Investor Rating

ESG Refinitiv

B+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

1,720 JPY

Average target price

1,904 JPY

Spread / Average Target

+10.69%

Consensus

EPS Revisions

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Other Commodity Chemicals

Kuraray Co., Ltd

Equities

3405

JP3269600007

Commodity Chemicals

Kuraray : Dec. 2023, Management briefing material (Dental Business) (923KB)

EPS Revisions