Ultrafabrics Holdings Co.,Ltd. Reports Consolidated Earnings Results for the Period Ended December 31, 2020
February 15, 2021 at 01:00 am EST
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Ultrafabrics Holdings Co.,Ltd. reported consolidated earnings results for the period ended December 31, 2020. For the period, the company's net sales were JPY 10,000 million compared to JPY 11,439 million a year ago. Operating profit was JPY 406 million compared to JPY 933 million a year ago. Profit was JPY 35 million compared to JPY 365 million a year ago. Basic earnings per share was JPY 4.07 compared to JPY 43.70 a year ago. Diluted earnings per share was JPY 4.04 compared to JPY 40.54 a year ago.
Ultrafabrics Holdings Co.,Ltd., formerly Daiichi Kasei Co.,Ltd., is a Japan-based company engaged in manufacture and sale of polyurethane leather. There are four main uses for polyurethane leather products. Products for furniture are applied to chairs and other high-end office furniture mainly in North America, and the contract furniture used in hotels, restaurants, theaters. Automobiles products are sold as interior materials such as automobile gear shift boots and wear-resistant seats. Aircraft products are sold mainly as interior materials for private jets (business jets). Other products are sold mainly as interior materials of golf gloves, clothing materials, recreational vehicles (RVs), trucks and boats. The Company mainly sells products in Japan, North America, Europe and other regions.
ULTRAFABRICS HOLDINGS CO.,LTD. 
