UBE Corporation Revises Consolidated Earnings Guidance for the First Half Ending September 30, 2022 and for the Fiscal Year Ending March 31, 2023
August 05, 2022 at 04:00 am EDT
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UBE Corporation revised consolidated earnings guidance for the first half ending September 30, 2022 and for the fiscal year ending March 31, 2023. For the first half, the company now expects net sales to be JPY 261.0 billion, operating profit to be JPY 10.0 billion, profit attributable to owners of parent to be JPY 1.5 billion and net income per share to be JPY 15.49 against net sales of JPY 247.0 billion, operating profit of JPY 12.5 billion, profit attributable to owners of parent of JPY 3.5 billion and net income per share of JPY 36.15 as previously forecasted.
For the fiscal year ending March 31, 2023, the company now expects net sales to be JPY 557.0 billion, operating profit to be JPY 32.0 billion, profit attributable to owners of parent to be JPY 15.0 billion and net income per share to be JPY 154.88 against net sales of JPY 510.0 billion, operating profit of JPY 34.5 billion, profit attributable to owners of parent of JPY 21.0 billion and net income per share of JPY 216.93 as previously forecasted.
UBE Corporation (formerly Ube Industries, Ltd.) specializes in manufacturing and marketing of chemical products. The group is also developing a production of building materials and industrial machines activity. Net sales break down by activity as follows:
- sale of basic chemical products (53%): polymers, polyamide resins, caprolactams, industrial chemical products, synthetic rubbers, elastomers, polyethylene films, etc.;
- manufacturing of molding machines and industrial equipments (21.7%);
- sale of specialty chemicals (10.8%): polyimides, membrane separation products, ceramics, boron trichloride, Tyranno type fibers, materials for lithium-ion batteries, phenol-formaldehyde resins, active pharmaceutical ingredients, etc., primarily for the electric vehicle, electronic components, semiconductor, biofuels and pharmaceutical industries;
- other (14.5%).
Net sales are distributed geographically as follows: Japan (63.4%), Asia (21.1%), Europe (8.7%) and other (6.8%).
UBE CORPORATION 
