Aug 08, 2023 / NTS GMT
Hideki Somemiya - Resonac Holdings Corporation - Managing Corporate Officer, CFO & Director
Hello, everyone. I am Hideki Somemiya, CFO of Resonac Holdings Corporation. Thank you very much for your continued interest in our business performance. I will present the financial results of the second quarter FY 2023. Page 2 shows 2 points as today's key takeaways. First is a summary of the second quarter business results. And the second is a full year forecast for FY 2023.
Total sales in the first half 2023 were JPY 616.1 billion, down JPY 39.9 billion year-on-year. In Chemicals segment, sales increased due to the shutdown maintenance in Olefins & Derivatives in the previous year, but sales in Semiconductor and Electronic Materials segment decreased due to the production adjustment of Semiconductors and a slowdown in data center demand and that led to the segment sales decrease.
Operating income decreased by JPY 51.1 billion year-on-year to JPY 13.2 billion in operating loss due to the declined sales in Semiconductors and Electronic Materials and inventory valuation difference in Chemicals
Q2 2023 Resonac Holdings Corp Earnings Net Conference Transcript
Feb 15, 2024
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