Nippon Kayaku : 【Delayed】Notice of Revision to the Business Results Forecasts
August 03, 2021 at 08:56 pm EDT
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July 30, 2021
To whom it may concern,
Name of company:
Nippon Kayaku Co., Ltd.
Name of representative:
Atsuhiro Wakumoto, President
Code No.:
4272
(First Section, Tokyo Stock Exchange)
Contact:
Tsutomu Kawamura, Director
General Manager of Finance &
Accounting Division, Financial Group
(Tel: +81-3-6731-5842)
Notice of Revision to the Business Results Forecasts
In light of recent trends in its business performance, Nippon Kayaku Co., Ltd. revised the business results forecasts which were announced on May 11, 2021.
1. Consolidated business results forecasts for the first half of the fiscal year ending March 31, 2022 (April 1, 2021 to September 30, 2021)
Profit
Profit
Net
Operating
Ordinary
attributable
attributable
sales
income
income
to owners of
to owners of
parent
parent per
share
Previous forecast (A)
Million yen
Million yen
Million yen
Million yen
Yen
84,500
5,300
5,500
4,500
26.35
Current revised forecast (B)
91,300
9,800
10,400
8,000
46.91
Change (B-A)
6,800
4,500
4,900
3,500
Percentage change (%)
8.0
84.9
89.1
77.8
(Reference) Previous 1H
80,518
6,976
7,341
4,883
28.59
results (April 1 to September
30, 2020)
2. Consolidated business results forecasts for the fiscal year ending March 31, 2022 (April 1, 2021 to March 31, 2022)
Profit
Profit
Net
Operating
Ordinary
attributable
attributable
sales
income
income
to owners of
to owners of
parent
parent per
share
Previous forecast (A)
Million yen
Million yen
Million yen
Million yen
Yen
176,000
12,400
13,000
10,100
59.14
Current revised forecast (B)
184,800
17,400
18,400
14,000
82.10
Change (B-A)
8,800
5,000
5,400
3,900
Percentage change (%)
5.0
40.3
41.5
38.6
(Reference) Previous results
173,381
15,194
16,538
12,574
73.62
(the fiscal year ending March
31, 2021)
3. Reasons for the Revision
Net sales are expected to exceed the previous forecast due to higher-than-expected demand for semiconductor-related materials and colorants for consumer inkjet printers against the backdrop of a recovery from sluggish global demand due to the impact of the spread of COVID-19, as well as a recovery in demand for such products as colorants for industrial inkjet printers, developers for thermal paper, materials for LCD projectors, and dye-based polarizing films. Operating income, ordinary income, and quarterly net income attributable to owners of the parent are expected to exceed the previously announced forecasts due to an increase in net sales, cost reductions due to an increase in the capacity utilization rate, and restraints on SG&A expenses.
Note: The business results forecasts were calculated based on information currently available on the date they were announced. Actual performance may differ from numerical forecasts due to various factors that may affect results in the future.
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Nippon Kayaku Co. Ltd. published this content on 04 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2021 00:55:09 UTC.
NIPPON KAYAKU CO., LTD. is primarily engaged in the manufacture and sale of functional chemical products. The Company has three business segments. The Functional Chemical segment manufactures and sells functional materials, such as epoxy resin, ultraviolet curable resin and high-performance chemicals; pigment materials, including functional dyes, pigment for inkjet printers and others; catalysts, such as catalysts for acrylic and methacrylic acid manufacturing, as well as coloring materials, such as dyes and special coloring materials for nonfibrous products, among others. The Pharmaceutical segment supplies pharmaceutical products, medical intermediates and diagnostic medicines, among others. The Safety Systems segment provides inflators for airbags and micro gas generators for seatbelt pretensioners. The Company is also engaged in the manufacture and sale of agricultural chemicals.
NIPPON KAYAKU CO., LTD. 
