FY20211H Earnings Presentation

(Overview)

KURARAY CO., LTD.

Overview of FY2021 1H Results

(Billion yen)

FY2021 1H

FY2020 1H

Difference

Net Sales

302.3

262.0

40.3 ( 15.4%)

Operating Income

30.4

19.6

10.8 (55.0%)

Ordinary Income

28.5

17.6

10.9 (61.6%)

Net Income*

11.7

9.2

2.5 (27.8%)

Reference

JPY/USD

108

108

JPY/EUR

130

119

Domestic naphtha

41

37

(JPY 1,000/kl)

*Net Income Attributable to Owners of the Parent

2

Factors Affecting the Change in Operating Income

50.0

(Billion yen)

40.0

3.3

(8.5)

30.0

18.1

(2.1)

20.0

30.4

10.0 19.6

0.0

FY2020 1H

Volume

Selling Price/

Raw Materials and

Others

FY2021 1H

Product Mix

Fuel/ Exchange rate

FY2020 1H

FY2021 1H

Domestic naphtha

¥37

¥41

(JPY1,000/kl)

USD (average)

¥108

¥108

EUR (average)

¥119

¥130

3

Outcome of FY2021 Main Initiatives

FY2018 - FY2020

FY2021

FY2022 - 2026

New Medium-Term

Management

Plan

Management Plan

1. Steady implementation of capital investment decided on for the previous medium-term management plan "PROUD 2020"

→ We made steady progress on major projects, including a new isoprene plant in Thailand,

a new water-soluble poval film plant in Poland, and new equipment for Calgon Carbon (U.S.).

  1. Expansion of the Environmental Solutions Business
    • We integrated Calgon Carbon Division and the Carbon Materials Division, whose main product is activated carbon, and launched the Environmental Solutions Division. We built a centralized management system and accelerated initiatives to generate synergy.
  2. EVAL ™ Production Capacity Increase
    • We will make a decision in early stage of the next medium-term management plan period.
  3. New line for VECSTAR ™ FCCL
    • We monitor penetration of 5G carefully and will decide as demand increase.

5Promotion of digitalization in entire group

  • We launched the Global Digital Transformation (GDX) Promotion Team and accelerated our efforts to enhance added value strategies and reform operating processes.

4

Forecast for FY2021

(Billion yen)

FY2021 Revised

FY2021 Original

Difference

FY2020 Result

Difference

Forecast

Forecast

Net Sales

610.0

570.0

40.0

541.8

68.2

Operating

66.0

55.0

11.0

44.3

21.7

Income

Ordinary Income

61.0

50.0

11.0

39.7

21.3

Net Income*

33.0

30.0

3.0

2.6

30.4

Reference

JPY/USD

106

105

107

JPY/EUR

127

125

122

Domestic naphtha

47

35

34

(JPY1,000/kl)

5

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Kuraray Co. Ltd. published this content on 12 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2021 02:10:07 UTC.