Sakai Chemical Industry : Full Year Financial Results Briefing for Fiscal Year Ending March 2023
June 02, 2023 at 04:09 am EDT
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Sakai Chemical Industry Co., Ltd.
Full Year Financial Results Briefing for
Fiscal Year Ending March 2023
May 23, 2023
Tokyo Stock Exchange, Prime Market Securities Code: 4078
Contents
Deviation from Initial Earnings Forecast
Topics
Business Alliance with IA Partners, Inc.
TOB for Shares of Sakai Trading Co., Ltd.
Summary of Financial Results and Results by Segment for the Fiscal Year Ending March 31, 2023
Forecast for FY 2024.3
Shareholder returns (dividend forecast)
SAKAI CHEMICAL INDUSTRY CO., LTD.
2
1. Differences between Initial Earnings Forecast and Actual Results
SAKAI CHEMICAL INDUSTRY CO., LTD.
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Summary of Results for FY 2023.3 (compared to initial forecast)
(1)
(2)
(3)
(million yen)
2022.3
2023.3
2023.3
Year-on-year
Initial estimate vs.
Comparison
actual result
Results
Initial estimate
Results
((3) - (1))
((3) - ((2))
Net sales
80,135
85,000
83,861
3,725
4.6%
(1,139)
(1.3%)
Operating
7,494
7,000
4,407
(3,086)
(41.2%)
(2,593)
(37.0%)
income
Net sales generally met the forecast.
Operating income was significantly below the initial forecast.
SAKAI CHEMICAL INDUSTRY CO., LTD.
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Factors causing operating income increase/decrease (year-on-year comparison)
(million yen)
20,000
(1,485)
(11,556)
* Decline in sales was the main
16,000
reason for poor performance.
12,000
8,000
11,901
(1,353)
(441) (153)
4,000
7,494
4,407
0
2022.3
Impact of price
Difference in
Impact of raw
Operating ratio
Personnel
Other
2023.3
Operating income
increases
sales volume
materials prices
difference
expenses
Operating
(including plant
Contract work
income
shutdown costs)
expenses
Effect on sales prices: Yes (+)
Effect on sales volume: Yes (-)
Operating ratio difference: Yes (-)
On a consolidated basis, the sharp
The decline in sales volume from
In response to declining market
increase in raw material and fuel costs
the second half of the year pushed down
conditions, the Company implemented
was largely offset by price revision efforts.
operating income significantly.
production adjustments to reduce
* Including correction of falling prices
inventories. From the second half of
the year, plant utilization rates were
reduced as needed, which pushed down
profits by a corresponding amount.
SAKAI CHEMICAL INDUSTRY CO., LTD.
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Disclaimer
Sakai Chemical Industry Co. Ltd. published this content on 02 June 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 June 2023 08:08:07 UTC.
SAKAI CHEMICAL INDUSTRY CO., LTD. is a Japan-based company principally manufactures and sells chemical industry products. The Company operates in two business segments. Chemical segment is involved in the manufacture and sale of chemical products. Main products include titanium products, resin additives, barium products, catalyst products, electronic materials, zinc products, functional materials, and other chemicals such as organophosphorus compounds, organic sulfur compounds, as well as water treatment agents, among others. Medical segment is involved in the manufacture and sale of pharmaceuticals and quasi drugs. Main products include barium X-ray contrast media, medical drugs for peptic ulcer & reflux esophagitis, general drugs such as cold and gastrointestinal drugs, functional foods, as well as other products such as medical devices, among others.
SAKAI CHEMICAL INDUSTRY CO., LTD. 
