Kuraray Co., Ltd. Revises Year-End Dividend Forecast for the Fiscal Year Ending December 31, 2023
August 08, 2023 at 10:00 pm EDT
Share
Kuraray Co., Ltd. revised its year-end dividend forecast for the fiscal year ending December 31, 2023. For the period, the company expects to pay dividend of JPY 25.00 per share against JPY 24.00 per share previously forecasted (against JPY 23.00 per share paid last year).
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%).