Nippon Kayaku : Notice of Revision to the Business Results Forecasts
November 16, 2021 at 08:27 pm EST
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November 9, 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. has revised the business results forecasts which were announced on July 30, 2021.
1. Consolidated business results forecasts for the fiscal year ending March 31, 2022 (April 1, 2021 to March 31, 2022)
Profit
Profit
Net sales
Operating
Ordinary
attributable
attributable
income
income
to owners of
to owners of
parent
parent per
share
Previous forecast (A)
Million yen
Million yen
Million yen
Million yen
Yen
184,800
17,400
18,400
14,000
82.10
Current revised forecast (B)
184,000
18,900
20,100
15,200
89.60
Change (B-A)
(800)
1,500
1,700
1,200
Percentage change (%)
(0.4)
8.6
9.2
8.6
(Reference) Previous results
173,381
15,194
16,538
12,574
73.62
(the fiscal year ending March
31, 2021)
2. Reasons for the Revision
Although demand for semiconductor-related materials in the Functional Materials business is set to be higher than anticipated, net sales of automotive safety parts in the Safety Systems business and dye-based polarizing films in the Polatechno business are set to be lower than anticipated due to a shortage of semiconductors and a reduction in automobile industry production due to difficulties in parts procurement stemming from the spread of COVID-19 in Southeast Asia, and overall net sales are expected to fall short of the previously announced forecasts. Operating income, ordinary income, and net income attributable to owners of the parent are expected to exceed the previously announced forecasts mainly due to cost reductions resulting from an increase in the capacity utilization rate in the Functional Chemicals business.
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 17 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 November 2021 01:26:08 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. 
