Results for the Year ended March 31, May 13, 2010

Transcription

1 Results for the Year ended March 31, 2010 May 13, 2010

2 Contents 1. Consolidated Companies 2. Fiscal 2009 Results and Fiscal 2010 Forecasts Financial Highlights Key Indicators Balance Sheets Analysis of Recurring Income Breakdown of Extraordinary Income/Losses Cashflow 3. Consolidated Net Sales and Operating Income by Segment (2)~(3) (4) (5) (6) (7) (8)~(9) (10) (11) (12)~(16) (1)

3 1. Consolidated Companies (Unit :100million yen) FY2008 Increase/Decrease Net sales Total assets Net sales Total assets Net sales Total assets Kureha Corporation 866 1, , Nishiki Trading Co., Ltd. and one group company Advanced Kureha Corporation Materials Nishiki Trading Co., Ltd. and one group company Kakogawa Plastics Co., Ltd Kureha Extech Co., Ltd Nihon Extron Co., Ltd Kureha GmbH Kureha America Inc. and two group company Kureha Chemicals Shanghai Co., Ltd Consolidation adjustments Total Specialty Kureha Corporation Chemicals Nishiki Trading Co., Ltd Consolidation adjustments Total Specialty Kureha Corporation Plastics Nishiki Trading Co., Ltd Kureha Gosen Co., Ltd Kureha Plastics Co., Ltd Krehalon Industrie B.V. and four group company Kureha Vietnam Kureha Shanghai Trading Co., Ltd Consolidation adjustments Total (2)

4 1. Consolidated Companies (Unit: 100 million yen) FY2008 Increase/Decrease Net sales Total assets Net sales Total assets Net sales Total assets Other Kureha Ecology Management Co., Ltd Operations Kureha Special Laboratory Co., Ltd Kureha Engineering Co., Ltd Kurehanishiki Construction Co., Ltd. and 3 group companies Kureha Unyu Co., Ltd. and 6 group companies Nishiki Trading Co., Ltd Kureha Service Co., Ltd Kureha Staff Service Co., Ltd Consolidation Adjustments Total (Number of consolidated companies) (34) (33) Consolidation Total 1,437 1,822 1,346 1, Equity-method Nangtong SKT New Material Co., Ltd affiliates (3)

5 2. Fiscal 2009 Results and Fiscal 2010 Forecasts (4)

6 Financial Highlights FY2008 Non- Non- Year-on-year change Non- Consolidated consolidated Ratio Consolidated consolidated Ratio Consolidated Non-consolidated Consolidated consolidated Ratio ( unit: 100million yen ) FY2010(est.) (620) (390) Net sales 1, , % -10-1% 1, % 4 0.5% (13) (9) Operating income % % % % (10) (9) Recurring income % % % % (6) (22) Net income % -4-13% % % Total assets 1,822 1, ,846 1, % 26 2% ( ) Estimates for first-half results Shareholders' eqiuty % 18 2% Net income yen yen yen yen yen yen per share % % Shareholder's eqiuty yen yen yen yen yen yen per share(yen) % % % % % % Equity ratio Year-on-year change Consolidated Non-consolidated (5)

7 Key Indicators ( unit : 100 million yen ) FY2008 Non- Non- Year-on-year change Non- FY2010(est.) Year-on-year change Consolidated consolidated Ratio ConsolidatedonsolidateRatio Consolidated Non-consolidated ConsolidatedconsolidatedRatio Consolidated Non-consolidated Capital Expenditure % % % 24 36% Depreciation % 10 12% % -6-7% R&D expenses % 2 3% % -1-2% Interest-bearing debt % 1 0% % 51 15% Net interest expense % % Exchange rate yen/$ yen/EUR 93yen/$ 131yen/EUR 90yen/$ 125yen/EUR Dividend per share 10.0 yen/year 10.0 yen /year 10.0 yen/year Employees 3,972 1, ,101 1, % 102 8% 4,074 1, % -22-2% (6)

8 Balance Sheets 1. Assets (Unit: 100 million yen) As of Mar. 31, 2009 As of Mar. 31, 2010 Increase/decrease (7) Consolidated Consolidated Consolidated Cash and cash equivalents Accounts and notes receivable-trade Inventories Other current assets Sub total Property, plant and equipment Intangible assets Investments and other assets Sub total 1, , Total 1,822 1,442 1,846 1, Nonconsolidated Nonconsolidated Nonconsolidated 2. Liabilities and net assets (Unit: 100 million yen) As of Mar. 31, 2009 As of Mar. 31, 2010 Increase/decrease Nonconsolidated Non- Non- Consolidated Consolidated consolidated Consolidated consolidated Accounts and notes payable-trade Interest-bearing debt Reserves Other liabilities Sub total Common stock Capital reserves Retained earnings Treasuty stock, at cost Valuation and translaton adjustment Share warrant Minority interests Sub total Total 1,822 1,442 1,846 1,

9 Analysis of Recurring Income FY2008 (Unit:100 million yen) Change Kureha % % Recurring Consolidated subsidiaries % % -8.8 income Equity-method affiliates 3.1 4% 2.9 5% -0.1 Consolidation adjustments % % 0.6 計 % % Reason for eamings increase/decrease Kureha Reason for increase Reason for decrease Item Amount Item Amount Increased unit sales price 13 Decreased sales volume -25 Decreased unit price of purchased products, 15 Differing inventories levels -17 raw materials and fuels Increased manufacturing fixed costs -4 Decreased direct marketing costs 1 Increased general and adinistrative costs -1 Gain on foreign exchange 2 Increased R&D costs -2 Others -5 Total Consolidated subsidiaries Domestic advanced materials business 1 Overseas advanced materials business -10 Domestic chemicals buainess 1 Environmental engineering business -2 Domestic specialty plastics business 2 Construction-related business -4 Overseas specialty plastics business 2 Others (8)

10 Analysis of Recurring Income FY2010(est.) (Unit:100 million yen) Change Kureha % % -8.7 Recurring Consolidated subsidiaries % % 0.2 income Equity-method affiliates 2.9 5% 2.1 4% -0.8 Consolidation adjustments % % 4.3 計 % % -5.0 Reason for earnings increase/decrease Kureha Reason for increase Reason for decrease Item Amount Item Amount Increased sales volume 7 Decreased unit sales price -14 Differing inventories levels 16 Decreased unit price of purchased -7 Decreased R&D 1 Increased direct marketing costs -2 Increased general and administrative costs -4 Financial balance -4 Others -1 Total Consolidated subsitiaries Domestic advanced materials business 1 Others -5 Overseas specialty plastics business (9)

11 Breakdown of Extraordinary Income/Losses FY2008 (Unit:100 million yen) FY2010(est.) Amount Increase/Decrease Amount Increase/Decrease Non- Non- Non- Non- Non- Consolidated consolidated Consolidated consolidated Consolidatedconsolidated Consolidated consolidated Consolidatedconsolidated Extraordinary Income from sales of investment securities income Gain on sales of fixed assets Others Total Loss on elimination/ sales of fixed assets Environment-related provisions losses Appraisal loss on inventories Loss from write-down of securities Other appraisal losses Withdrawal loss business Others Total (10)

12 Cashflow FY2008 (Unit: 100 million yen) FY2010(est.) Consolidated Non-consolidated Consolidated Non-consolidated Consolidated Non-consolidated Pre-depreciation profit Increase/decrease in Cashflow from assets and liabilities Operating activities Payments of corporation tax Other-net Cashflow from investing activities Cashflow from financing activities Effect of exchange rate changes on cash and cash equivalents Increase in cash and cash equivalents due to newly consolidated subsidiaries Increase in cash and cash equivalents follwing merger Net increase/decrease in cash and cash equivalensts Cash and cash equivalents at beginning of year Cash and cash equivalents at end pf year (11)

13 3. Consolidated Net Sales and Operating Income by Segment (12)

14 Consolidated Net Sales and Operating Income by Segment <Advanced Materials> (Unit:100 million yen) FY2008 FY2010(est.) Amount Increase/decrease Amount Increase/decrease Carbon products % % Consolidated Kureha Advanced plastics % % net sales Others % % Total % % Consolidated subsidiaries % % Eliminations Total % % Consolidated operating income (13)

15 Consolidated Net Sales and Operating Income by Segment <Specialty Chemicals> ( Unit:100 million yen) FY2008 FY2010(est.) Amount Increase/decrease Amount Increase/decrease Industrial chemicals % % Consolidated Kureha Agrochemicals % % net sales Pharmaceuticals % % Total % % Consolidated subsidiaries % % Eliminations Total % % Consolidated operating income % % (14)

16 Consolidated Net Sales and Operating Income by Segment <Specialty Plastics> ( Unit:100 million yen) FY2008 FY2010(est.) Amount Increase/decrease Amount Increase/decrease Food packaging materials % % Household products % % Consolidated Kureha Fishing lines % % net sales Others % % Total % % Consolidated subsidiaries % % Eliminations Total % % Consolidated net incoma % % (15)

17 Consolidated Net Sales and Operating Income by Segment <Other Operations> ( Unit:100 million yen) FY2008 FY2010(est.) Amount Increase/decrease Amount Increase/decrease Environmental engineering business % % Construction-related business % % Consolidated Transport and warehousing business % % net sales Trading % % Others % % Total % % Eliminations Total % % Consolidated net incoma % % (16)

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