Kuraray Co., Ltd. Reports Earnings Results for the First Quarter Ended March 31, 2023

Kuraray Co., Ltd. is the world's leader in the manufacturing and marketing of chemical products, resins and synthetic fibers. Net sales break down by family of products as follows: - chemical and resin (45.6%): functional resins and films, elastometers, thermoplastics, adhesives, fine chemistry products, etc. primarily for cosmetic products, televisions and mobile phones screens, foot packaging and paper manufacturing; - fibers and textile products (29.8%): synthetic fibers and man-made leather, polyester, nonwoven textile products, resins, etc. sold under the brands Kuralon, Clarino Vectran and Kuraflex; - functional materials (18.8%): methacrylic resin, medical chemicals, carbon materials, etc.; - other (5.8%): primarily dental treatment and water purifying products. At the end of 2019, the group had 52 production worldwide. Net sales break down geographically as follows: Japan (27.1%), China (13.8%), Asia (12.3%), Europe (23.6%), the United States (18.5%) and other (4.7%).