Zeon : Presentation on the Financial Results for FY2022

Financial Results

FY2022 (Apr.1- Mar.31)

Answers beyond Challenges.

April 26, 2023

Content of Report

P.2 Summary and Segment Overview

P.3 Business Environment

(Trends in Exchange Rates and Prices of Raw Materials)

P.5 Performance Summary (Overall)

P.6 Performance Summary (By Segment)

P.9 Elastomer Business Overview

P.10 Elastomer Business Profit and Loss

P.11 Elastomer Business Operating Income Variance

P.14 Specialty Materials Business Profit and Loss

P.15 Specialty Materials Operating Income Variance

P.17 Specialty Chemicals Business: Battery Materials Situation

P.18 Specialty Plastics Business: Optical Plastics Situation

P.19 Specialty Plastics Business: Optical Films Situation

P.21 Balance Sheet Overview

P.22 Cash Flow Overview

P.24 FY2023 Business Environment

P.26 FY2023 Performance Forecast

P.27 FY2023 Dividend Forecast

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Q4 FY2022 Summary and Segment Overview

[Summary]

◆In Q4 consolidated results, sales were up, but profits were down YoY, while both sales and profits were down QoQ.

◆As for raw material prices, Naphtha was down, while Asian butadiene was up. Yen was appreciated.

◆Overall, market was lackluster due to sluggish demand caused by economic recession.

[Elastomer Business Overview]

◆Sales up but profits down YoY owing to selling price adjustments in response to raw material prices and impact of exchange rate, etc. Both sales and profits down QoQ.

◆Sales volume up QoQ, but market was lackluster.

[Specialty Materials Business Overview]

◆Sales of battery materials down due to customer inventory adjustments, but leveled off due to consolidation adjustments. Sales of large size films down YoY due to decreased shipments. Sales of specialty plastics up QoQ, but turned to down due to adjustments under the Accounting Standard for Revenue.

◆Profits down both YoY and QoQ due to increase in energy prices and new development costs.

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Q4 FY2022 Business Environment

(Trends in Exchange Rates and Prices of Raw Materials)

	[Exchange Rates]			[Raw Materials]

Q4	Q3	Q4	YoY(%) QoQ(%)
FY2021	FY2022	FY2022

JPY/US$	¥115.4	¥144.0	¥133.2	+15%	▲7%
JPY/€	¥129.5	¥144.5	¥142.5	+10%	▲1%
Naphtha(JPY/KL)	¥64,600	¥72,500	¥66,500	+3%	▲8%
Asian Butadiene(US$/MT)	$1,077	$778	$1,089	+1%	+40%

*Naphtha: Figures for Q4 FY2021 and Q3 FY2022 are confirmed, while the figure for Q4 FY2022 is our estimate.

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Content of Report

P.2 Summary and Segment Overview

P.3 Business Environment

(Trends in Exchange Rates and Prices of Raw Materials)

P.5 Performance Summary (Overall)

P.6 Performance Summary (By Segment)

P.9 Elastomer Business Overview

P.10 Elastomer Business Profit and Loss

P.11 Elastomer Business Operating Income Variance

P.14 Specialty Materials Business Profit and Loss

P.15 Specialty Materials Operating Income Variance

P.17 Specialty Chemicals Business: Battery Materials Situation

P.18 Specialty Plastics Business: Optical Plastics Situation

P.19 Specialty Plastics Business: Optical Films Situation

P.21 Balance Sheet Overview

P.22 Cash Flow Overview

P.24 FY2023 Business Environment

P.26 FY2023 Performance Forecast

P.27 FY2023 Dividend Forecast

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©ZEON CORPORATION. All rights reserved.