Kuraray Co., Ltd. Revises Consolidated Earnings Guidance for the Fiscal Year Ending December 31, 2023
November 08, 2023 at 09:00 pm EST
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Kuraray Co., Ltd. revised consolidated earnings guidance for the fiscal year ending December 31, 2023. For the fiscal year, the company expects net sales of JPY 770,000 million compared to previous guidance of JPY 810,000 million, Operating income of JPY 78,000 million compared to previous guidance of JPY 84,000 million and net income attributable to owners of the parent of JPY 45,000 million or JPY 134.43 per share compared to previous guidance of JPY 47,000 million or JPY 140.43 per basic share.
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%).
KURARAY CO., LTD 
