Resonac : Consolidated Financial Results, Second Quarter, 2023 (Presentation Material)
August 08, 2023 at 02:24 am EDT
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Consolidated Financial Results
Second Quarter, 2023
Hideki Somemiya, CFO
Director & Managing Corporate Officer
August 8, 2023
Key Takeaways
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2023 1H sales figures were 616.1 billion yen, a 39.9 billion yen decrease from 2022 1H
Semiconductor & Electronic Materials segment impacted from correction in semiconductor manufacturing and slowdown in data center demand
Chemicals segment, which had a scheduled shutdown of olefins & derivatives last year, saw an increase in sales
2023 1H operating income was 13.2 billion yen in loss, a 51.1 billion yen decrease from 2022 1H
Main reasons for the income drop are decreased sales in Semiconductor & Electronic Materials segment and the inventory valuation difference in Chemicals segment
In comparison with the earlier forecast, operating loss in 2023 1H was reduced by 6.8 billion yen, driven by the recovery in semiconductor back-end materials
For 2023 full-year forecast, sales figures expect to shrink to 1,270 billion yen, a 70 billion yen decrease compared to the earlier forecast, as lower oil price decreases Chemical segment sales
As for operating income, expected full-year figures are 20 billion yen in loss, unchanged from the earlier forecast; while there are changes in segment breakdown
2023 dividend payout expects to be 65 yen per share
Resonac Holdings Corporation published this content on 08 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 August 2023 06:22:58 UTC.
Resonac Holding Corporation (formerly Showa Denko KK) is a holding company organized around 7 family of products:
- materials (43.8% of net sales): electronics materials (epoxy molding compounds, die bonding materials, CMP slurries, anisotropic conductive films), printed wiring board materials (copper-clad laminates, photosensitive dry films), mobility components (plastic molded products, friction materials, powder metal products, carbon anode materials for LIBs), energy storage devices and systems (automotive and industrial batteries), and life sciences (diagnostics, contracted manufacturing of regenerative medicine products);
- petrochemical products (19.6%): olefins (polyethylene, polypropylene) and organic chemical products (vinyl acetate monomer, ethyl acetate and plastics);
- chemical products (12.9%): caustic soda, chlorine, liquid ammonia, amino acids, polymers, gas (oxygen, nitrogen, hydrogen), etc.;
- electronic components (8.3%): hard disks, semiconductors components, magnetic components, etc.;
- inorganic products (7.1%): ceramics and carbons (graphite electrodes);
- aluminum products (5.3%): aluminum foils, extruded products, forged products, cans, etc.;
- other (3%).
Net sales break down geographically as follows: Japan (53.4%), China (12%), Asia (20.6%) and other (14%).
RESONAC HOLDING CORPORATION 
