Q1 2021 Kuraray Co Ltd Earnings Presentation Transcript

May 12, 2021 / NTS GMT
Presentation
May 12, 2021 / 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

Good afternoon, everyone. This is Keiji Taga of Kuraray. Thank you for taking time out of your busy schedule to participate in our conference call.

Let me begin the presentation of the financial results for the first quarter of FY 2021. This is Page 2. In the first quarter of fiscal year 2021, sales expanded due to recovery from the global economic stagnation caused by the spread of COVID-19. As shown on the slide, the business results for the first quarter were as follows: net sales increased by 5.5% year-on-year to JPY 144.4 billion. Operating income increased by 40.2% to JPY 16.8 billion. Ordinary income increased by 43.9% to JPY 16.3 billion, and net income decreased by 21.2% to JPY 5.3

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