UBE Corporation Revises Earnings Guidance for the First Half Ended September 30, 2022 and Full Year Ending March 31, 2023
November 01, 2022 at 11:00 pm EDT
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UBE Corporation revised earnings guidance for the first half ended September 30, 2022 and full year ending March 31, 2023. For the first half ended September 30, 2022, the company now expects net sales to be JPY 244.8 billion, operating profit to be JPY 8.5 billion, loss attributable to owners of parent to be JPY 0.3 billion or JPY 3.10 per share against previous forecast of net sales of JPY 261.0 billion, operating profit of JPY 10.0 billion, profit attributable to owners of parent of JPY 1.5 billion or JPY 15.49 per share.
For the full year ending March 31, 2023, the company now expects net sales to be JPY 547.0 billion, operating profit to be JPY 29.0 billion, profit attributable to owners of parent to be JPY 2.0 billion or JPY 20.63 per share against previous forecast of net sales of JPY 557.0 billion, operating profit of JPY 32.0 billion, profit attributable to owners of parent of JPY 15.0 billion or JPY 154.88 per share.
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 
