CONTENTS I. FINANCIAL HIGHLIGHTS II. COMMON STOCK INFORMATION III. FINANCIAL SUMMARY IV. CONSOLIDATED FINANCIAL STATEMENTS V. SEGMENT INFORMATION

Transcription

1 Fact Fact Fact Book Book Book 2015 May 2015

2 2 2 CONTENTS I. FINANCIAL HIGHLIGHTS II. COMMON STOCK INFORMATION III. FINANCIAL SUMMARY IV. CONSOLIDATED FINANCIAL STATEMENTS V. SEGMENT INFORMATION VI. PRODUCTION CAPACITY *Each Fiscal year is from April 1 st to March 31 st

3 I. FINANCIAL HIGHLIGHTS Unit (Consolidated) Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Net sales 270, , , , ,524 Operating income 35,295 32,123 23,696 29,901 28,245 Ordinary income 33,623 31,487 25,212 32,561 31,098 Net income 18,303 19,127 14,750 19,650 19,080 Total assets 290, , , , ,512 Net Assets 118, , , , ,631 Net sales Consolidated Operating income Consolidated 23

4 II. COMMON STOCK INFORMATION Common Stock & Net Assets Stocks Major Shareholders Issued Stocks Common Stocks Tokyo (First Section) As of Mar. 31, Number of Stocks Issued Unit Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Common Stock 24,211 24,211 24,211 24,211 24,211 Net Assets 118, , , , ,631 As of Mar. 31, Number of Holding Shares Shareholder (thousand) Rate (%) (%) Yokohama Rubber Co.,Ltd. 22, Japan Trustee Services Bank, Ltd. (Trust Account) 11, Mizuho Bank, Ltd 11, NORTHERN TRUST CO. (AVFC) RE 15PCT TREATY ACCOUNT NORTHERN TRUST CO. (AVFC) RE 15PCT TREATY ACCOUNT 8, The Master Trust Bank of Japan, Ltd. (Trust Account) 7, Asahi Mutual Life Insurance Company 7, National Mutual Insurance Federation of Agricultural Cooperatives 7, Asahi Kasei Chemicals Corp. 6, Japan Trustee Services Bank, Ltd. (Trust Account 9) 5, CMBL S.A. RE MUTUAL FUNDS CMBL S.A. RE MUTUAL FUNDS 4, * Treasury stocks (15,286 thousand shares) are not included in the above list. 15,

5 II. COMMON STOCK INFORMATION Distribution of Stock Ownership As of Mar. 31, Financial Institutions 39.1% 39.1% UnitJPY Changes in Stock Prices & Stock Market Turnovers Stock Price UnitJPY, 1000shares Securities Companies 1.4% 1.4% Other corporate bodies 23.9% 23.9% Individuals & Others 16.4% 16.4% Foreign corporate bodies 19.2% 19.2% Stock Market Turnovers & The Nikkei Average Stock Market Turnovers ZEON s Stock Price The Nikkei Average 25

6 III. FINANCIAL SUMMARY Financial Indicator Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Stock Price (JPY,) ,110 EPS(JPY,) (Earnings Per Share) -/) PER(X,) (Price Earnings Ratio) /EPS CFPS(JPY,) (Cash Flow Per Share) P/CF(X,) (Cash Flow Ratio) /1 BPS(JPY,) (Book-value Per Share) -/) PBR(X,) (Price Book-value Ratio) /BPS Number of Employees UnitEmployees Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Consolidated 2,836 2,857 3,163 3,186 3,

7 III. FINANCIAL SUMMARY Capital Expenditures Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 10,329 22,995 23,489 27,111 28,516 Consolidated Depreciation & Amortization Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 21,125 19,885 18,122 17,068 19,439 Consolidated Research and Development Expenses Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 9,532 11,106 11,895 12,661 13,627 Consolidated 27

8 IV. CONSOLIDATED FINANCIALS STATEMENTS Consolidated Results Unit Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Net sales 270, , , , ,524 Operating income 35,295 32,123 23,696 29,901 28,245 Income before income taxes 30,244 31,404 23,423 32,528 29,791 Net income 18,303 19,127 14,750 19,650 19,080 Net income per Share ROE (%) (%) Total assets 290, , , , ,512 Net assets 118, , , , ,631 Equity Ratio (%) (%) 39.5% 42.5% 45.2% 47.9% 52.9% Net assets per share

9 IV. CONSOLIDATED FINANCIALS STATEMENTS Consolidated Statements of Income Unit Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Net Sales 270, , , , ,524 Cost of sales 192, , , , ,887 Gross profit 77,692 76,546 70,139 83,120 82,636 SG&A 42,397 44,423 46,442 53,219 54,391 Operating income 35,295 32,123 23,696 29,901 28,245 Non operating income 1,551 1,796 3,949 4,430 4,297 Non operating expenses 3,224 2,432 2,434 1,770 1,443 Ordinary income 33,623 31,487 25,212 32,561 31,098 Extraordinary gains 70 1, ,126 Extraordinary losses 3,448 1,362 2, ,434 Income before income taxes 30,244 31,404 23,423 32,528 29,791 Income taxes 11,321 11,589 8,257 12,535 10,375 18,923 19,815 15,166 19,992 19,416 Minority interest in income of consolidated subsidiaries Net Income 18,303 19,127 14,750 19,650 19,080 29

10 22 IV. CONSOLIDATED FINANCIALS STATEMENTS Consolidated Balance Sheets Unit Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Assets Current assets 156, , , , ,609 Fixed assets 133, , , , ,903 Deferred charges Total assets 290, , , , ,512 Liabilities Current liabilities 105, , , , ,174 Long-term liabilities 66,691 56,133 53,891 55,789 64,707 Total Liabilities 171, , , , ,881 Net Assets Total shareholder's equity 121, , , , ,273 Accumlated Other Comprehensive Income -6,840-5,889 8,182 15,136 32,943 Stock acquisition right Minority interests 3,659 2,801 3,301 3,545 4,111 Total net assets 118, , , , ,631 Total Liabilities and net assets 290, , , , ,512 10

11 V. SEGMENT INFORMATION Segment Information (Current fiscal year From April 1, 2014 to March 31, 2015) I. Sales and operating income Elastomer Business Specialty Materials Business Sub Total Others Total Eliminations and corporate Unit Consolidated Sales (1) Sales to third parties 187,044 70, ,919 49, , ,524 (2) Inter-group sales and transfers 1,785-1, ,229-2,229 - Total Operating income 188,829 70, ,704 50, ,753-2, ,524 16,818 9,446 26,264 2,017 28, ,245 Elastomer Business Synthetic rubbers, Synthetic latices, Chemicals(C5 Petroleum resins, Thermoplastic elastomers, etc),packaging and Logistics materials C5 Specialty Materials Business Others Specialty chemicals (Synthetic aroma chemicals, Industrial chemicals, etc), Information materials (Electronic materials, Polymerized toners, etc), Specialty plastics (Cyclo-olefin polymers, Optical materials) Medical products RIM formulations, RIM Products,Paints Technology of the GPB process, etc RIMRIM On the basis of medium-term management plan, Packaging and Logistics Materials are reported as part of Elastomer Business and the Medical Products are reported as part of Specialty Material Business segment. Previously, both segments were reported as Other Business segment. However, reported results in previous fiscal 2010 do not reflect these segment changes. 211

12 22 V. SEGMENT INFORMATION Sales Unit Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Elastomer Business 173, , , , ,829 Specialty Materials Business 49,790 48,134 51,411 64,154 70,875 Others 48,494 39,057 37,508 50,798 50,049 Eliminations and corporate assets -1,336-1,896-2,185-2,876-2,229 Consolidated 270, , , , ,524 Operating income Unit: Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Elastomer Business 28,186 30,166 19,595 19,322 16,818 Specialty Materials Business 6, ,613 9,121 9,446 Others 587 1,435 1,489 1,488 2,017 Eliminations and corporate assets Consolidated 35,295 32,123 23,696 29,901 28,245 Total assets Unit 12 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Elastomer Business 147, , , , ,115 Specialty Materials Business 73,647 72,973 71,878 76,687 78,754 Others 23,468 20,056 29,199 28,021 26,919 Eliminations and corporate assets 46,308 50,486 69,634 73,460 97,723 Consolidated 290, , , , ,512 On the basis of medium-term management plan, Packaging and Logistics Materials are reported as part of Elastomer Business and the Medical Products are reported as part of Specialty Material Business segment. Previously, both segments were reported as Other Business segment. However, reported results in previous fiscal 2010 do not reflect these segment changes.

13 V. SEGMENT INFORMATION Depreciation & Amortization Unit Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Elastomer Business 7,880 7,313 6,681 7,378 8,902 Specialty Materials Business 11,342 11,028 9,720 7,380 8,144 Others Eliminations and corporate assets 1,493 1,476 1,648 1,985 2,114 Consolidated 21,125 19,885 18,122 17,068 19,439 Capital expenditures Unit: Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Elastomer Business 3,617 12,152 15,333 12,788 13,906 Specialty Materials Business 5,433 8,968 5,040 12,053 9,650 Others Eliminations and corporate assets 963 1,735 2,683 1,884 4,605 Consolidated 10,329 22,995 23,489 27,111 28,516 On the basis of medium-term management plan, Packaging and Logistics Materials are reported as part of Elastomer Business and the Medical Products are reported as part of Specialty Material Business segment. Previously, both segments were reported as Other Business segment. However, reported results in previous fiscal 2010 do not reflect these segment changes. 213

14 22 V. SEGMENT INFORMATION Elastomer Business Sales Operating income Total assets Depreciation & Amortization Capital expenditures 14 On the basis of medium-term management plan, Packaging and Logistics Materials are reported as part of Elastomer Business and the Medical Products are reported as part of Specialty Material Business segment. Previously, both segments were reported as Other Business segment. However, reported results in previous fiscal 2010 do not reflect these segment changes.

15 V. SEGMENT INFORMATION Specialty Materials Business Sales Operating income Total assets Depreciation & Amortization Capital expenditures On the basis of medium-term management plan, Packaging and Logistics Materials are reported as part of Elastomer Business and the Medical Products are reported as part of Specialty Material Business segment. Previously, both segments were reported as Other Business segment. However, reported results in previous fiscal 2010 do not reflect these segment changes. 215

16 22 V. SEGMENT INFORMATION Others Sales Operating income Total assets Depreciation & Amortization Capital expenditures 16 On the basis of medium-term management plan, Packaging and Logistics Materials are reported as part of Elastomer Business and the Medical Products are reported as part of Specialty Material Business segment. Previously, both segments were reported as Other Business segment. However, reported results in previous fiscal 2010 do not reflect these segment changes.

17 VI. PRODUCTION CAPACITY Production Capacity by product and location (a) Total capacity of Tokuyama and Kawasaki Plants. NBR (b) Total capacity of Kawasaki and Kurashiki Plants. ACM Unit /y / Tokuyama Kawasaki Kurashiki Takaoka Mizushima USA UK Singapore Thailand Total Monomer Butadiene 180, , ,000 Isoprene 80,000 80,000 Synthetic Rubbers ESBR 80,000 80,000 SSBR 55,000 35,000 90,000 BR 65,000 65,000 NBR 60,000 (a) 15,000 15,000 90,000 HNBR 500 4,000 5,000 9,500 IR 40,000 40,000 ACM 8,500 (b) 8,500 17,000 Others 10,000 10,000 Synthetic Latices 92,500 (a) 92,500 Chemicals C5 fraction resin C5 40,000 40,000 80,000 DCPD resin DCPD 10,000 10,000 SIS 42,000 42,000 Specialty Chemicals Synthetic aroma 3,000 3,000 Specialty solvents 8,000 8,000 Cyclo-olefin Polymer 31,000 31,000 Polymerized toner 5,400 5,400 Optical Films Unit million /y / Takaoka Himi Tsuruga Total

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19 References *Each Fiscal year is from April 1 st to March 31 st

20 22 References Production for Major Petrochemicals(Japan) Basic Products Synthetic Rubbers Plastics (Source: Japan Petrochemical Industry Association) (Notes) ( Ethylene Propylene Butadiene Styrene Acrylonitrile Low-density Polyethylene Polystyrene Petroleum Resin Styrene-Butadiene Rubber(SBR) Butadiene Rubber(BR) Acrylonitrile-Butadiene Rubber(NBR) Polychloroprene Rubber(CR) Ethylene-Propylene Terpolymer(EPDM) Others Sub-Total The subjects of major petrochemicals are based on Chemical Industry Statistics from Ministry of Economy, Trade and Industry of Japan. Unit/y Quantity Quantity Quantity Quantity Quantity 6,912,627 7,017,554 6,689,349 6,145,182 6,695,723 5,590,487 5,985,539 5,624,736 5,239,333 5,646, , , , , ,384 2,996,462 2,938,613 2,739,045 2,392,007 2,592, , , , , , , , , , , , , , , ,617 85, , , , ,001 88, , , , , , , , , , , , , , ,050 1,300,343 1,595,244 1,611,209 1,627,366 1,643,618 1,604,820 1,704,076 1,664,221 1,477,334 1,539,314 High-density Polyethylene 985,767 1,015, , , ,938 Polypropylene 2,410,807 2,709,023 2,448,358 2,390,256 2,248,199 GP-HI 689, , , , ,767 FS 114, , , , ,038 SAN 92, ,925 77,885 85,171 89,726 ABS Resin ABS 348, , , , , , , , , ,440 20

21 References Changes in Consumption of Rubber; Ratio of Synthetic Rubber(Japan) Unit/y / Rubber Manufactures Tires 1,179,050 1,190,780 1,160,070 1,140,260 1,135,400 Industrial use 242, , , , ,090 Footwear 1,369 1,100 1,050 1,050 1,080 Others 15,041 15,540 16,760 16,760 17,130 Sub-Total 1,438,200 1,441,400 1,419,900 1,398,200 1,393,700 Other Products 299, , , , ,700 Total 1,737,600 1,716,500 1,690,000 1,664,250 1,660,400 Change(%) (%) Synthetic Rubbers 987, , , , ,400 Rate of Usage(%) (%) (Source: The Japan Rubber Manufactures Association) Changes in Consumption of Raw Material for Tire and Tubes(Japan) (Source: The Japan Automobile Tyre Manufacturers Association, Inc.) Changes in Domestic Naphtha Prices UnitJPY/KL /KL Unit:/y New Rubber (A) 1,162,731 1,193,901 1,110,980 1,100,255 1,098, , , , , , (Source: Trade Statistics of Japan.) 221

22 22 References Domestic Capacity of Japan's Synthetic Rubber Manufacturers SBR EPM/ NBR BR IR IIR CR SBC Solid EPDM Solid Unit1000/y / JSR Corporation JSR Japan Buthyl KRATON JSR ELASTOMERS (JSR Group) JSR Total ZEON CORPORATION Asahi Kasei Chemicals Sumitomo Chemical Ube Industries Mitsubishi Chemical Mitsui Chemicals DENKA Japan Elastomer TOSOH Showa Denko Kuraray Total ,697 (Source: International Institute of Synthetic Rubber Producers / Worldwide Rubber Statistics 2014(table3-F)) International Institute of Synthetic Rubber Producers / Worldwide Rubber Statistics 2014 (table3-f) 22

23 References Synthetic Rubber Production Volume by Country (Source: The Japan Rubber Manufacturers Association.) Unit 1000/y / USA 2,322 2,498 2,311 2,234 2,312 UK Germany France Russia 1,379 1,460 1,398 1,469 1,328 China 3,100 3,490 3,820 4,090 5,314 Japan 1,595 1,616 1,622 1,638 1,599 Total 14,082 15,115 15,094 15,495 16,

24 22 References Synthetic Rubber Consumption by Country (Source: The Japan Rubber Manufacturers Association.) Unit 1000/y / USA 1,732 1,859 1,766 1,698 1,855 UK Germany France Russia China 4,442 4,464 5,039 5,471 6,646 Japan Total 14,086 14,926 14,925 15,483 16,769 24

25 References Capacity of Major World Synthetic Rubber Manufacturers Lanxess Brazil, Germany, France, Belgium, Netherlands, U.S.A., Canada, Singapore U.S.A. 1,751 (Source: International Institute of Synthetic Rubber Producers / Worldwide Rubber Statistics 2014(table19)) International Institute of Synthetic Rubber Producers / Worldwide Rubber Statistics 2014 (table19) Unit 1000/y / ESBR BR EPM/EPDM IIR NBR CR SSBR SBC Goodyear Tire & Rubber 725 SSBR BR IR ESBR ExxonMobil Chemical U.S.A., France, U.K. 736 EPDM IIR Versalis S.p.A. Italy, U.K. 518 BR SSBR EPDM NBR ESBR SBC JSR Corporation Japan, Thailand SSBR IIR SBC BR EPDM IR ESBR JSR 645 NBR ZEON CORPORATION Japan, U.S.A., U.K., Singapore 414 ESBR BR IR NBR SSBR SBC Dow Chemical U.S.A. 140 EPDM Styron Germany 370 BR ESBR SSBR Karbochem South Africa 95 SSBR BR IR ESBR Kumho Petrochemical Korea 1,198 ESBR BR NBR SSBR SBC EPDM SINOPEC China 1,445 ESBR BR IIR IR SSBR SBC Petro China China 1,236 BR SBC SSBR ESBR EPDM NBR Firestone Polymers LLC U.S.A. 319 SSBR BR DuPont Performance Elastomers U.S.A. 100 CR American Synthetic Rubber Co. U.S.A. 170 SSBR BR 225

26 22 References Global Automobile Production Unit thousand/y / Japan 9,626 8,399 9,943 9,630 9,775 Korea 4,272 4,657 4,558 4,521 4,525 China 18,265 18,419 19,272 22,117 23,722 U.S.A. 7,761 8,654 10,329 11,046 11,661 Canada 2,071 2,135 2,464 2,380 2,394 Mexico 2,345 2,680 3,002 3,070 3,365 Brazil 3,648 3,406 3,343 3,451 3,146 Germany 5,910 6,311 5,611 5,649 5,908 France 2,228 2,295 1,968 1,797 1,817 England 1,393 1,349 1,577 1,586 1,599 Italy Spain 2,388 2,354 1,979 1,941 2,403 Others 16,846 18,615 19,387 16,373 18,736 Total 77,610 80,064 84,141 84,072 89,747 (Source: ORGANISATION INTERNATIONALE DES CONSTRUCTEURS D'AUTOMOBILES) OICA 26

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