FY2022 Financial Report

May 12, 2023

1

Contents

I.

FY2022 Financial Results

III.

Progress in Priority Measures

Financial summary

3-6

PVDF business

26

Segment performance

7-11

PGA business

27

Financial position

12

Returning to shareholders

28

Cash flow

13

IV. Supplementary Materials

II. FY2023 Financial Outlook

Consolidated Companies

30-31

Financial forecast

15-18

Key Performance Indicators

32-33

Segment performance forecast

19-23

Cash flow forecast

24

2

I. FY2022 Financial Results

(April 1, 2022 - March 31, 2023)

3

FY2022 Financial Summary (1)

(¥ billion)

FY2021

FY2022

Change

YOY

Revenue

168.3

191.3

22.9

(+13.6%)

Core operating profit

25.3

24.3

-1.0

(-3.9%)

Adjustments

0.1

-0.2

-0.2

Other income

1.2

1.2

-0.1

Other expenses

6.5

3.0

-3.5

Operating profit

20.1

22.4

2.2

(+11.0%)

Financial income

0.5

0.9

0.3

Financial expenses

0.3

0.2

-0.0

Profit before taxes

20.4

23.0

2.6

(+12.7%)

Profit attributable to

14.2

16.9

2.7

owners of Kureha Corp.

(+19.1%)

Profit per share (¥)

¥725.73

¥864.30

[References]Crude oil (US$/bbl)

$79

$96

FOREX ¥/USD:

¥112.4

¥135.5

¥/EUR:

¥130.6

¥141.0

¥/CNY:

¥17.5

¥19.8

Vs. FY2021

  • Revenue growth led by Advanced Materials, Specialty Chemicals, Specialty Plastics and Other Operation, partially offset by weakness in Construction
  • Core operating profit decreased primarily due to higher raw material and energy costs affecting Specialty Plastics
  • Operating profit improved due to a decrease in impairment charges from ¥5.3bn (FY21) to ¥2.1bn (FY22)
  • Profit before taxes increased on higher operating profit
  • Profit attributable to the Company increased on higher profit before taxes

4

FY2021 Financial Summary (2)

Revenue & Core Operating Profit by Segment

(¥ billion)

FY2021

FY2022

1H

2H

Full-year

1H

2H

Full-year

Revenue

79.1

89.3

168.3

101.8

89.5

191.3

Advanced materials

28.8

37.9

66.7

47.3

35.4

82.7

Specialty chemicals

12.8

13.4

26.2

17.5

14.3

31.8

Specialty plastics

22.9

21.8

44.8

23.8

23.0

46.8

Construction

5.5

6.7

12.2

4.2

7.1

11.3

Other operations

9.0

9.5

18.5

8.9

9.8

18.7

Core operating profit

11.1

14.2

25.3

16.6

7.7

24.3

Advanced materials

2.6

7.4

10.0

9.0

1.1

10.1

Specialty chemicals

1.2

0.3

1.4

1.6

0.2

1.8

Specialty plastics

5.1

4.7

9.9

4.3

4.3

8.6

Construction

0.4

0.6

1.0

0.3

0.6

0.9

Other operations

1.8

1.3

3.1

1.4

1.4

2.8

Adjustments

0.0

0.1

0.1

-0.0

-0.1

-0.2

Other income

0.5

0.8

1.2

0.5

0.6

1.2

Other expenses

0.2

6.2

6.5

0.4

2.6

3.0

Operating profit

11.4

8.8

20.1

16.7

5.6

22.4

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Disclaimer

Kureha Corporation published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 06:12:09 UTC.