Ube Industries, Ltd. Provides Consolidated Earnings Guidance for the Six Months Ended September 2021 and Fiscal Year Ending March 31, 2022
May 12, 2021 at 04:00 am EDT
Share
Ube Industries, Ltd. provided consolidated earnings guidance for the six months ended September 2021 and fiscal year ending March 31, 2022. For the six months ended September 2021, the company expects net sales to be of JPY 270,000 million. Operating profit expected to be of JPY 13,500 million. Profit attributable to owners of parent expected to be of JPY 5,500 million. Net income per share expected to be of JPY 54.38.
For the Fiscal year ending March 31, 2022, the company expects net sales to be of JPY 570,000 million. Operating profit expected to be of JPY 37,000 million. Profit attributable to owners of parent expected to be of JPY 21,000 million. Net income per share expected to be of JPY 207.62.
UBE Corporation (formerly Ube Industries, Ltd.) specializes in manufacturing and marketing of chemical products. The group is also developing a production of building materials and industrial machines activity. Net sales break down by activity as follows:
- sale of basic chemical products (53%): polymers, polyamide resins, caprolactams, industrial chemical products, synthetic rubbers, elastomers, polyethylene films, etc.;
- manufacturing of molding machines and industrial equipments (21.7%);
- sale of specialty chemicals (10.8%): polyimides, membrane separation products, ceramics, boron trichloride, Tyranno type fibers, materials for lithium-ion batteries, phenol-formaldehyde resins, active pharmaceutical ingredients, etc., primarily for the electric vehicle, electronic components, semiconductor, biofuels and pharmaceutical industries;
- other (14.5%).
Net sales are distributed geographically as follows: Japan (63.4%), Asia (21.1%), Europe (8.7%) and other (6.8%).
UBE CORPORATION 
