Ube Industries, Ltd. Reports Consolidated Earnings Results for the First Half Ended September 30, 2015; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2016
October 29, 2015
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Ube Industries, Ltd. reported consolidated earnings results for the first half ended September 30, 2015. For the six months, the company reported net sales of ¥323.2 billion against ¥307.7 billion a year ago. Operating income was ¥20.5 billion against ¥6.2 billion a year ago. Ordinary income was ¥19.6 billion against ¥4.8 billion a year ago. Profit attributable to owners of parent was ¥13.7 billion or ¥13.7 per share against ¥0.0 billion or ¥0.04 per share a year ago. Cash flows from operating activities were ¥28.0 billion against ¥19.7 billion a year ago. Net debt as at September 30, 2015 was ¥198.9 billion against ¥222.5 billion a year ago.
For the fiscal year ending March 31, 2016, the company expects net sales of ¥670.0 billion, operating income of ¥39.0 billion, ordinary income of ¥38.5 billion, profit attributable to owners of parent of ¥21.0 billion or ¥19.85 per share, net debt of ¥192.0 billion, return on assets of 5.9% and return on equity of 7.8%.
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 Industries, Ltd. Reports Consolidated Earnings Results for the First Half Ended September 30, 2015; Provides Earnings Guidance for the Fiscal Year Ending March 31, 2016