Kuraray Co Ltd (TSE:3405)

円 1912.5 -34.5 (-1.77%) Market Cap: 640.32 Bil Enterprise Value: 781.40 Bil PE Ratio: 11.46 PB Ratio: 0.84 GF Score: 80/100

Q3 2021 Kuraray Co Ltd Earnings Call Transcript

Nov 10, 2021 / NTS GMT

Release Date Price: 円1052 (+2.43%)

Transcript

Keiji Taga

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

Thank you for joining Kuraray earning report conference call. Let us now share with you all our fiscal year 2021 third quarter financial results.

This is Page 2. In fiscal year 2021 third quarter, the global economy showed recovery in general with the advancement of the COVID-19 vaccination provision and hence the revitalization of economic activities mainly in developed countries and China. As a result, as shown in this slide, net sales increased by JPY 65.4 billion to JPY 459.2 billion. Operating income increased by JPY 21.8 billion to JPY 54.3 billion, and net income increased by JPY 13.5 billion to JPY 28.6 billion. Sales and profits both increased significantly. The results of foreign exchange and raw materials and fuel costs are shown at the bottom of the page as reference.

Next on Page 3. This slide shows the third quarter results of net sales and operating income for each segment compared to the same period last year. Despite significant increases in raw material and

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