Operating profit decreased year on year due to the absence of gain on sale of fixed assets recorded in the previous fiscal year and reflecting a goodwill impairment loss of 7.6 billion yen at Kurita America, Inc.
Profit before tax and profit attributable to owners of parent rose due to the change in the net of finance income*1 and costs*2 accompanying the acquisition of additional shares in Pentagon Technologies Group, Inc.
*1
Finance income of 1.1 billion yen posted in this fiscal year from derivatives transactions
*2
Finance costs of 5.5 billion yen posted in previous fiscal year from the subsequent measurement of liabilities related to a forward contract concluded with non-
controlling shareholders
1
Results by Segment
FY ended
FY ended
Forecast
(Billions of Yen)
YoY Change
(Announced
03/2022
03/2023
on Feb. 2)
Orders
315.2
374.3
+ 59.0
375.0
Net Sales
288.2
344.6
+ 56.4
350.0
Total
Business Profit
32.9
38.6
+ 5.6
39.0
Business Profit
11.4%
11.2%
(0.2pp)
11.1%
Margin
Operating Profit
35.7
29.1
(6.7)
38.0
Orders
118.4
136.9
+ 18.5
136.5
Water
Net Sales
117.7
136.1
+ 18.5
136.0
Business Profit
13.6
16.3
+ 2.7
15.7
Treatment
Chemicals
Business Profit
11.5%
12.0%
+ 0.4pp
11.5%
Margin
Operating Profit
14.6
7.6
(7.0)
15.7
Orders
196.8
237.4
+ 40.6
238.5
Water
Net Sales
170.5
208.5
+ 37.9
214.0
Business Profit
19.4
22.4
+ 3.0
23.3
Treatment
Facilities
Business Profit
11.4%
10.7%
(0.6pp)
10.9%
Margin
Operating Profit
21.2
21.5
+ 0.4
22.3
Net sales and business profit in the Water Treatment Chemicals business increased year on year, mainly due to growth in overseas, and exceeded the forecast.
Orders in the Water Treatment Facilities business increased in overseas and the domestic general industries.
In the Water Treatment Facilities business, net sales rose year on year for the domestic electronics industry and overseas, but fell short of the forecast mainly in the precision tool cleaning in Japan and overseas.
Business profit in the Water Treatment Facilities business increased year on year as the impact of increased sales exceeded an increase in SG&A expenses and a worsening in the cost of sales ratio. The result did not reach forecast mainly due to the lower impact of sales.
2
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Kurita Water Industries Ltd. published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 07:47:15 UTC.
Kurita Water Industries Ltd. is a Japan-based company mainly engaged in the provision of water treatment-related products, technology and maintenance services. The Company operates in two business segments. The Water Treatment Chemical segment is engaged in the manufacture and sale of water treatment related chemicals and related equipment, as well as the provision of maintenance services. The Water Treatment Equipment segment is engaged in the manufacture and sale of equipment and facilities related to water treatment, the provision of ultra-pure water, the provision of chemical cleaning and precision cleaning services, the purification of soil and groundwater, as well as the provision of maintenance services such as operation and maintenance of water treatment facilities.
KURITA WATER INDUSTRIES LTD. 
