Q1 2020 Kuraray Co Ltd Earnings Presentation Transcript

May 14, 2020 / NTS GMT
Presentation
May 14, 2020 / NTS GMT

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Corporate Participants
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* Keiji Taga
Kuraray Co., Ltd. - Managing Executive Officer, GM of Corporate Management Planning Office & Director

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Keiji Taga - Kuraray Co., Ltd. - Managing Executive Officer, GM of Corporate Management Planning Office & Director

This is Taga. Thank you very much for joining our conference call at the expense of your very busy schedule. Now I would like to start the explanation of the FY 2020 Q1 Earnings Presentation.

Please go to Page 2. The performance of Q1 FY '20, with the economy decelerating worldwide, hit by the coronavirus, the sales declined. Along with this, the operating income and ordinary income declined year-on-year. As the slide indicates, the net sales decreased by 3.3% to JPY 136.9 billion. Operating income declined by 18.2% to JPY 12 billion. Ordinary income decreased by 11.6% to JPY 11.3 billion, net income increased by 10.2% to JPY 6.7 billion. Sales and profit decreased, however, net sales

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