Sumitomo Bakelite : Financial Results for 2nd Quater and Business Outlook
November 16, 2022 at 03:09 am EST
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Financial Results
for 2nd Quarter of FY2022
November 7, 2022
Sumitomo Bakelite Co., Ltd.
2021.5.12
Ver6.6
Outline of Financial Results
for 2nd Quarter of FY2022
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Copyright (C) 2022 Sumitomo Bakelite Co., Ltd.
Financial Results for 2nd Quarter of FY2022 (Y/Y)
［Unit: Billion yen］
【IFRS】
2Q of FY2021
2Q of FY2022
Variance (Y/Y)
【IRS】
(1)
(2)
(2)-(1)
Ratio
128.3
143.5
15.2
11.8%
Revenue
Business Profit
13.7
12.7
-1.0
-7.4%
Operating Profit
13.5
12.5
-1.0
-7.7%
Profit attributable to
10.3
9.2
-1.0
-10.2%
owners of parent
* "Business profit" is calculated by deducting "Cost of sales" and "Selling, general and administrative expenses" from "Revenue".
FOREX
2Q - FY2021
2Q - FY2022
JPY / USD
110.18
133.46
JPY / EUR
130.97
138.79
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Copyright (C) 2022 Sumitomo Bakelite Co., Ltd.
Revenue and Business Profit by Business Segment (Y/Y)
[Unit: Billion yen]
Revenue
60.0
41.8
45.3
50.8
46.2
50.5
45.0
36.5
30.0
15.0
0.0
0.3/ 0.3
Semiconductor Materials
High Performance Plastics
Quality of Life Products
Other / All
Business Profit
10.0
8.1
8.8
7.5
3.9
4.5
5.0
3.3
2.5
1.2
0.0
-1.7 /-1.8
Semiconductor Materials
High Performance Plastics
Quality of Life Products
Other / All
2Q of FY2021
2Q of FY2022
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Copyright (C) 2022 Sumitomo Bakelite Co., Ltd.
Quarterly Revenue by Business Segment
[Unit: Billion yen]
Semiconductor Materials
High Performance Plastics
Quality of Life Products
30.0
22.2 22.8 24.2 25.9 24.9
24.3 24.8 23.5 24.4 26.0
25.0
19.1
19.9 19.3 21.2 20.6
20.0
15.0
10.0
5.0
0.0
2Q
3Q
4Q
1Q
2Q
2Q
3Q
4Q
1Q
2Q
2Q
3Q
4Q
1Q
2Q
FY2021
FY2022
FY2021
FY2022
FY2021
FY2022
■ Semiconductor Materials
Sales for automotive IC applications were strong. However, the impact of
inventory adjustment in consumer applications remained steady.
■ High Performance Plastics Sales volume declined due to automobile production cutbacks and lockdown in China, as well as slumping demand for consumer applications.
■ Quality of Life Products Sales revenue remained strong due to continued strong performance in healthcare- related products such as blood collection kits exported to North America and films & sheets for pharmaceutical packaging . In addition, progress was made in passing on soaring raw material prices to selling prices.
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Copyright (C) 2022 Sumitomo Bakelite Co., Ltd.
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Sumitomo Bakelite Co. Ltd. published this content on 14 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2022 08:08:18 UTC.
Sumitomo Bakelite Company Limited is a Japan-based company mainly engaged in the manufacture and sale of semiconductor-related materials, high-functional plastic and quality of life related products. The Company operates in three segments. The Semiconductor-related Materials segment provides epoxy molding materials for semiconductor encapsulation, liquid resins for semiconductor uses and semiconductor substrate material. The High-Functional Plastic segment provides phenolic molding materials, industrial phenolic resins, molding products and synthetic resin-based adhesives, among others. The Quality of Life Product-related segment offers medical equipment, thermoplastic resins, vinyl resin sheets and melamine resin decorated sheets, among others. Other businesses include contract works of research and test and the leasing of land, etc.
SUMITOMO BAKELITE COMPANY LIMITED 
