Ube Industries, Ltd. Provides Earnings Guidance for the First Half and Year Ending March 31, 2021
July 31, 2020 at 04:00 am EDT
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Ube Industries, Ltd. provided earnings guidance for the first half and year ending March 31, 2021. For the first half, the company expects net sales of JPY 293,000 million, Operating profit of JPY 6,000 million, Profit attributable to owners of parent of JPY 2,500 million and earnings per share of JPY 24.73.
For the year, the company expects net sales of JPY 614,000 million, Operating profit of JPY 26,000 million, Profit attributable to owners of parent of JPY 14,000 million and earnings per share of JPY 138.47.
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 
