Kureha Corporation · TSE:4023
Kureha — H1 FY2010 Earnings Presentation
27 slides from Kureha's earnings presentation, Nov 16, 2010
Slide 1: Interim Results for the Financial Year Ending March 31, 2011
Interim Results for the Financial Year Ending March 31, 2011 November 16, 2010
Slide 2: Contents
Contents 1. Interim Results for the Financial Year 2010 (2) ・Financial Highlights (3)～(4) ・Consolidated Net Sales and Operating Income by Segment (5)～(8) ・Analysis of Recurring Income (9)～(10) ・Breakdown of Extraordinary Income/Losses (11) ・Key Indicators (12) ・Balance Sheets (13) ・Cash flow (14) 2．
Slide 3: 1. Interim Results for the Financial Year 2010
1. Interim Results for the Financial Year 2010 (2)
Slide 4: Financial Highlights (Comparison with same period in FY2009)
Financial Highlights (Comparison with same period in FY2009) (Unit:100 million yen) FY2010 Interim FY2009 Interim Increase/decrease (Ratio) Non- Non- Non- Consolidated Ratio Consolidated Ratio Consolidated Consolidated Consolidated Ccnsolidated Net sales 646.4 421.2 1.5 597.2 384.6 1.6 49.3 8.2% 36.
Slide 5: Financial Highlights (Comparison with estimates from May)
Financial Highlights (Comparison with estimates from May) (Unit:100 million yen) FY2010 Interim FY2010 Interim (as est. in September) increase/decrease (Ratio) Non- Non- Non- Consolidated Ratio Consolidated Ratio Consolidated consolidated consolidated consolidated Net sales 646.4 421.2 1.5 640 410 1
Slide 6: Advanced Materials
Consolidated Net Sales and Operating Income by Segment Advanced Materials (Unit:100 million yen) FY2010 Interim FY2009 Interim Increase/decrease results results (Ratio) Carbon products 33 31 2 7% Kureha Advanced plastics 75 57 18 31% Consolidated Others 17 12 5 43% net sales Total 125 100 25 25% Con
Slide 7: Specialty Chemicals
Consolidated Net Sales and Operating Income by Segment Specialty Chemicals (Unit:100 million yen) FY2010 Interim FY2009 Interim Increase/ decrease results results (Ratio) Industrial chemicals 52 48 4 8% Kureha Agrochemicals 29 22 7 31% Consolidated Pharmaceuticals 46 44 2 5% net sales Total 127 114
Slide 8: Specialty Plastics
Consolidated Net Sales and Operating Income by Segment Specialty Plastics (Unit: 100 million yen) FY2010 Interim FY2009 Interim Increase/ decrease results results (Ratio) Food packaging 57 53 5 9% Kureha Household products 96 108 -12 -11% Fishing lines 5 5 1 13% Consolidated Others 10 5 5 114% net s
Slide 9: Other Operations
Consolidated Net Sales and Operating Income by Segment Other Operations (Unit: 100 million yen) FY2010 Interim FY2009 Interim Increase/ decrease results results (Ratio) Construction- related business 86 105 -19 -18% Environmental engineering 29 22 7 35% Consolidated Construction- net sales Kureha re
Slide 10: Analysis of Recurring Income (Comparison with same period in FY2009)
Analysis of Recurring Income （Comparison with same period in FY2009) (Unit: 100million yen） FY2010 Interim FY2009 Interim Change Kureha 27.2 107% 12.8 316% 14.3 Recurring Consolidated subsidiaries 4.1 16% -1.9 -47% 6.0 income Equity-method affiliates 1.8 7% 1.5 36% 0.3 Consolidation adjustments -7.6
Slide 11: Analysis of Recurring Income (Comparison with estimates from May)
Analysis of Recurring Income (Comparison with estimates from May) (Unit:100 million yen) FY2010 Interim FY2010 Interim (as est. in May) Change Kureha 27.2 107% 9.0 90% 18.2 Recurring Consolidated subsidiaries 4.1 16% 4.6 46% -0.5 income Equity-method affiliates 1.8 7% 1.4 14% 0.4 Consolidation adjus
Slide 12: Breakdown of Extraordinary Income/Losses
Breakdown of Extraordinary Income/Losses (Unit:100 million yen） FY2010 Interim FY2009 Interim Increase/decrease Non- Non- Non- Consolidated Consolidated Consolidated Consolidated Consolidated Consolidated Income from sales of 2.1 0.0 2.0 5.4 0.1 -5.4 Extradinary investment securities income Others 0
Slide 13: Key Indicators (Comparison with same period in FY2009)
Key Indicators (Comparison with same period in FY2009) (Unit:100 million yen) FY2010 Interim FY2009 Interim Increase/decrease (Ratio) Non- Non- Non- Consolidated Consolidated Ratio Consolidated Consolidated Ratio Consolidated consolidated Capital expenditure 48 26 1.8 66 41 1.6 -18 -27% -15 -37% Dep
Slide 14: Balance Sheets
Balance Sheets 1.Assets (Unit: 100 million yen) As of Sep.30,2010 As of Sep.30,2009 Increase/decrease Non- Non- Non- consolideted consolideted consolideted consolidated consolidated consolidated Cash and cash equivalents 81 37 72 47 9 -10 Accounts and notes receivable-trade 272 180 318 207 -47 -27 I
Slide 15: Cashflow
Cashflow (Unit: 100 million yen) FY2010 Interim FY2009 Interim Increase/decrease Non- Non- Non- Consolidated consolidated Consolidated consolidated Consolidated consolidated Pre-depreciation profit 74 87 56 56 18 31 Increase/decrease in 2 4 6 4 -5 -0 Cashflow from assets and liabilities Operating ac
Slide 16: Estimates for the Financial Year ending March 2011
３. Estimates for the Financial Year ending March 2011 (15)
Slide 17: Estimated Figures
Estimated Figures ＜Comparison with FY2010＞ （ Unit: 100 million yen） FY2011(as est in Nov.) FY2010 Increase/decrease (Ratio) Non- Non- Non- Consolidated consolidated Ratio Consolidated consolidated Ratio Consolidated consolidated Net sales 1,400 860 1.6 1,346 856 1.6 54 4.0% 4 0.5% Operating income 6
Slide 18: Advanced Materials
Consolidated Net Sales and Operatin Income by Segment Advanced Materials (Unit: 100 million yen) FY2011 FY2011 increase/decrease FY2010 increase/decrease (as est. in Nov.) (as est. in May) (Ratio) (Ratio) Carbon products 71 64 7 11% 54 17 31% Kureha Advanced plastics 148 145 3 2% 128 20 16% Consolid
Slide 19: Specialty Chemicals
Consolidated Net Sales and Operatin Income by Segment Specialty Chemicals (Unit: 100 million yen) FY2011 FY2011 increase/decrease FY2010 increase/decrease (as est. in Nov.) (as est. in May) (Ratio) (Ratio) Industrial chemicals 100 100 0 0% 102 -2 -2% Kureha Agrochemicals 73 80 -7 -9% 69 4 6% Consoli
Slide 20: Specialty Plastics
Consolidated Net Sales and Operatin Income by Segment Specialty Plastics (Unit: 100 million yen) FY2011 FY2011 increase/decrease FY2010 increase/decrease (as est. in Nov.) (as est. in May) (Ratio) (Ratio) Food packaging materials 115 114 1 1% 108 7 6% Kureha Household products 192 198 -6 -3% 215 -23
Slide 21: Other Operations
Consolidated Net Sales and Operatin Income by Segment Other Operations FY2011 FY2011 increase/decrease FY2010 increase/decrease (as est. in Nov.) (as est. in May) (Ratio) (Ratio) Construction-related business 245 270 -25 -9% 285 -40 -14% Environmental kureha engineering business 60 65 -5 -8% 50 10 2
Slide 22: Key Indicators
Key Indicators (Unit: 100 million yen) FY2011(as est in Nov.) FY2010 Increase/decrease (Ratio) Non- Non- Non- Consolidated consolidated Ratio Consolidated consolidated Ratio Consolidated consolidated Capital expenditure 157 81 1.9 169 67 2.5 -12 -7% 14 21% Depreciation 105 89 1.2 111 90 1.2 -6 -5% -
Slide 23: Cashflow
Cashflow (Unit: 100 million yen) FY2011 FY2010 (as est. in Nov.) (results) Increase/decrease Non- Non- Non- Consolidated consolidated Consolidated consolidated Consolidated consolidated Pre-depreciation profit 145 138 146 121 -1 17 Increase/decrease in -7 -8 16 4 -23 -12 Cashflow from assets and lia
Slide 24: 3. Consolidated Companies
3. Consolidated Companies (23)
Slide 25: Consolidated Companies
Consolidated Companies （Unit :100million yen） FY2010 Interim FY2009 Interim Increase/decrease Net sales Total assets Net sales Total assets Net sales Total assets Kureha Corporation 421 1,473 385 1,463 37 10 Kureha Trading Co., Ltd. and one group company 147 125 139 119 8 6 Advanced Kureha Corporati
Slide 26: Consolidated Companies
Consolidated Companies （Unit:100 million yen) FY2010 Interim FY2009 Interim Increase/decrease Net sales Total assets Net sales Total assets Net sales Total assets Construction Kurehanishiki Construction Co., Ltd. and 4 group companies 48 54 46 74 2 -20 rerated Kureha Engineering Co., Ltd. 38 39 60 6
Slide 27: Disclaimer
Disclaimer • These materials are supplied to provide a deeper understanding of our company, and are not intended as a solicitation for investment or other actions • These materials ware prepared by our company based on the information available at this point in time, however actual performance may p