UBE CORPORATION October 15, 2015
Company name: Ube Industries, Ltd.
Security code: 4208 (shares listed on First Section of
Tokyo Stock Exchange and Fukuoka Stock Exchange)
Representative: Yuzuru Yamamoto,
President and Representative Director
Contact: Shinsuke Tokumitsu, General Manager, IR/PR Department Tel: +81-3-5419-6110
Ube Industries has revised its earnings forecasts previously announced on May 12, 2015. The changes are described below.
Revised Earnings Forecast for the First Two Quarters of the Fiscal Year ending March 31, 2016 (April 1, 2015 to September 30, 2015)
Consolidated (Unit: Billions of yen except per share data)
Net Sales
Operating Income
Ordinary Income
Profit for the period attributable to owners of the parent
Net Income per Share
(Yen)
Previous forecast (A)
330.0
14.0
12.0
7.0
6.62
Revised forecast (B)
325.0
20.0
21.0
13.5
12.76
Change (B-A)
-5.0
6.0
9.0
6.5
Percent change (%)
-1.5
42.9
75.0
92.9
Previous fiscal year
307.7
6.2
4.8
0.0
0.04
Revised Earnings Forecast for the Full Year of the Fiscal Year ending March 31, 2016(April 1, 2015 to March 31, 2016)
Consolidated (Unit: Billions of yen except per share data)
Net Sales
Operating Income
Ordinary Income
Profit attributable to owners of the parent
Net Income per Share
(Yen)
Previous forecast (A)
685.0
36.0
32.0
17.0
16.07
Revised forecast (B)
670.0
39.0
38.5
21.0
19.85
Change (B-A)
-15.0
3.0
6.5
4.0
Percent change (%)
-2.2
8.3
20.3
23.5
Previous fiscal year
641.7
24.1
23.2
14.6
13.85
Reasons for the Revision
(First Two Quarters Forecast)
Net sales are expected to be down slightly from the previous forecast. Operating income is projected to be higher than the previous forecast, due to improved market conditions for caprolactam (nylon raw material) in the first quarter of the fiscal year ending March 31, 2016, and lower prices for raw material and fuel such as for coal and crude oil. Both ordinary income and net income attributable to owners of parent are projected to be higher than the previous forecast, due to factors including an improvement in equity method profit in the affiliates.
(Full-Year Forecast)
There is increasing uncertainty surrounding economies in developing countries, as exemplified by the slowdown of the Chinese economy. Market conditions for caprolactam are projected to be sluggish in the third quarter of the fiscal year ending March 31, 2016, and beyond. However, the impact of lower prices for raw materials and fuel is expected to continue to a degree. As a result, net sales are projected to be down slightly from the previous forecast, while profits are expected to be higher than the previous forecast.
The dividend forecast is unchanged.
(Reference) Consolidated Net Sales and Operating Income by Segment
(Unit: Billions of yen)
Item | Segment | Fiscal Year Ending March 31, 2016 | The Previous Fiscal Year | ||||||
Previous Forecast (A) | Revised Forecast (B) | Change (B)-(A) | Results | ||||||
First Two Quarters | Full- Year | First Two Quarters | Full- Year | First Two Quarters | Full- Year | First Two Quarters | Full- Year | ||
Net Sales | Chemicals | 140.5 | 292.0 | 138.0 | 287.0 | -2.5 | -5.0 | 134.1 | 280.1 |
Pharmaceuticals | 3.5 | 9.5 | 3.5 | 9.5 | 0.0 | 0.0 | 3.5 | 7.8 | |
Cement & Construction Materials | 116.5 | 242.0 | 119.0 | 240.0 | 2.5 | -2.0 | 109.9 | 222.4 | |
Machinery & Metal Products | 38.0 | 83.5 | 34.0 | 76.0 | -4.0 | -7.5 | 35.2 | 78.9 | |
Energy & Environment | 38.0 | 72.5 | 37.0 | 72.0 | -1.0 | -0.5 | 30.7 | 66.7 | |
Others | 6.5 | 14.0 | 8.0 | 15.5 | 1.5 | 1.5 | 8.9 | 17.3 | |
Adjustment | -13.0 | -28.5 | -14.5 | -30.0 | -1.5 | -1.5 | -14.8 | -31.7 | |
Total | 330.0 | 685.0 | 325.0 | 670.0 | -5.0 | -15.0 | 307.7 | 641.7 | |
Operating Income | Chemicals | 2.0 | 9.5 | 6.2 | 11.0 | 4.2 | 1.5 | -3.3 | -0.9 |
Pharmaceuticals | 0.5 | 1.5 | 0.2 | 1.2 | -0.3 | -0.3 | 0.4 | 0.9 | |
Cement & Construction Materials | 8.0 | 17.5 | 9.5 | 19.0 | 1.5 | 1.5 | 7.1 | 17.0 | |
Machinery & Metal Products | 1.5 | 5.0 | 1.8 | 5.0 | 0.3 | 0.0 | 0.6 | 4.3 | |
Energy & Environment | 2.0 | 3.0 | 2.4 | 3.3 | 0.4 | 0.3 | 1.0 | 2.8 | |
Others | 0.5 | 1.0 | 0.4 | 1.0 | -0.1 | 0.0 | 0.4 | 1.1 | |
Adjustment | -0.5 | -1.5 | -0.5 | -1.5 | 0.0 | 0.0 | -0.1 | -1.1 | |
Total | 14.0 | 36.0 | 20.0 | 39.0 | 6.0 | 3.0 | 6.2 | 24.1 | |
Note: The above earnings forecasts are based on certain assumptions judged to be reasonable by the Company when preparing this document. Actual results can vary significantly from forecasts, due to changes in a wide variety of conditions.
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