Kureha Corporation · TSE:4023
Kureha — H1 FY2011 Earnings Presentation
25 slides from Kureha's earnings presentation, Nov 15, 2011
Slide 1: Interim Results for the Financial Year Ending March 31, 2012
Interim Results for the Financial Year Ending March 31, 2012 November 15, 2011
Slide 2: Contents
Contents 1. Interim Results for the Financial Year 2011 (2) ・Financial Highlights (3) ・Consolidated Net Sales and Operating Income by Segment (4)～(7) ・Analysis of Recurring Income (8) ・Breakdown of Extraordinary Income/Losses (9) ・Key Indicators (10) ・Balance Sheets (11) ・Cash flow (12) 2．Estimates
Slide 3: 1. Interim Results for the Financial Year 2011
1. Interim Results for the Financial Year 2011 (2)
Slide 4: Financial Highlights
Financial Highlights (Comparison with same period in FY2010) (Unit:100 million yen) FY2011 Interim FY2010 Interim Increase/decrease (Ratio) Non- Non- Non- Consolidated Ratio Consolidated Ratio Consolidated Consolidated Consolidated Ccnsolidated Net sales 588.5 338.4 1.7 646.4 421.2 1.5 -57.9 -9.0% -
Slide 5: Advanced Materials
Consolidated Net Sales and Operating Income by Segment Advanced Materials (Unit:100 million yen) FY2011 Interim FY2010 Interim Increase/decrease results results (Ratio) Carbon products 35 33 2 7% Kureha Advanced plastics 73 75 -2 -3% Consolidated Others 1 17 -16 -93% net sales Total 109 125 -16 -13%
Slide 6: Specialty Chemicals
Consolidated Net Sales and Operating Income by Segment Specialty Chemicals (Unit:100 million yen) FY2011 Interim FY2010 Interim Increase/ decrease results results (Ratio) Industrial chemicals 43 52 -9 -17% Kureha Agrochemicals 36 29 7 24% Consolidated Pharmaceuticals 40 46 -6 -12% net sales Total 11
Slide 7: Specialty Plastics
Consolidated Net Sales and Operating Income by Segment Specialty Plastics (Unit: 100 million yen) FY2011 Interim FY2010 Interim Increase/ decrease results results (Ratio) Food packaging 41 57 -17 -29% Kureha Household products 56 96 -40 -42% Fishing lines 6 5 0 4% Consolidated Others 8 10 -2 -22% ne
Slide 8: Other Operations
Consolidated Net Sales and Operating Income by Segment Other Operations (Unit: 100 million yen) FY2011 Interim FY2010 Interim Increase/ decrease results results (Ratio) Construction-related business 109 86 23 27% Consolidated net sales Consolidation adjustments -59 -36 -23 - Total 50 50 -0 -1% Conso
Slide 9: Analysis of Recurring Income
Analysis of Recurring Income （Comparison with same period in FY2010) (Unit: 100million yen） FY2011 Interim FY2010 Interim Change Kureha 32.8 83% 27.2 107% 5.6 Recurring Consolidated subsidiaries 16.4 41% 4.1 16% 12.3 income Equity-method affiliates 1.1 3% 1.8 7% -0.7 Consolidation adjustments -10.7
Slide 10: Breakdown of Extraordinary Income/Losses
Breakdown of Extraordinary Income/Losses (Unit:100 million yen） FY2011 Interim FY2010 Interim Increase/decrease Non- Non- Non- Consolidated Consolidated Consolidated Consolidated Consolidated Consolidated Income from sales of 0.0 - 2.1 0.0 -2.1 0.0 Extradinary investment securities Licensee transfer
Slide 11: Key Indicators (Comparison with same period in FY2010)
Key Indicators (Comparison with same period in FY2010) (Unit:100 million yen) FY2011 Interim FY2010 Interim Increase/decrease (Ratio) Non- Non- Non- Consolidated Consolidated Ratio Consolidated Consolidated Ratio Consolidated consolidated Capital expenditure 85 37 2.3 48 26 1.8 37 79% 11 41% Depreci
Slide 12: Balance Sheets
Balance Sheets 1.Assets (Unit: 100 million yen) As of Sep.30,2011 As of Mar.30,2011 Increase/decrease Non- Non- Non- consolideted consolideted consolideted consolidated consolidated consolidated Cash and cash equivalents 61 25 107 50 -47 -25 Accounts and notes receivable-trade 264 165 273 166 -9 -2
Slide 13: Cashflow
Cashflow (Unit: 100 million yen) FY2011 Interim FY2010 Interim Increase/decrease Non- Non- Non- Consolidated consolidated Consolidated consolidated Consolidated consolidated Pre-depreciation profit 42 26 74 87 -32 -61 Increase/decrease in 21 -5 2 4 19 -8 Cashflow from assets and liabilities Operatin
Slide 14: 3. Estimates for the Financial Year ending March 2012
３. Estimates for the Financial Year ending March 2012 (13)
Slide 15: Estimated Figures
Estimated Figures ＜Comparison with FY2011＞ （ Unit: 100 million yen） FY2012(as est in Nov.) FY2011 Increase/decrease (Ratio) Non- Non- Non- Consolidated consolidated Ratio Consolidated consolidated Ratio Consolidated consolidated Net sales 1,340 780 1.7 1,323 832 1.6 17 1.3% -52 -6.3% Operating incom
Slide 16: Advanced Materials
Consolidated Net Sales and Operatin Income by Segment Advanced Materials (Unit: 100 million yen) FY2012 FY2011 increase/decrease (as est. in Nov.) (Ratio) Carbon products 77 73 4 5% Kureha Advanced plastics 157 143 14 10% Consolidated Others 6 32 -26 -81% net sales Total 240 248 -8 -3% Consolidated
Slide 17: Specialty Chemicals
Consolidated Net Sales and Operatin Income by Segment Specialty Chemicals (Unit: 100 million yen) FY2012 FY2011 increase/decrease (as est. in Nov.) (Ratio) Industrial chemicals 94 99 -5 -5% Kureha Agrochemicals 80 72 8 11% Consolidated Pharmaceuticals 86 102 -16 -16% net sales Total 260 273 -13 -5%
Slide 18: Specialty Plastics
Consolidated Net Sales and Operatin Income by Segment Specialty Plastics (Unit: 100 million yen) FY2012 FY2011 increase/decrease (as est. in Nov.) (Ratio) Food packaging materials 98 110 -12 -11% Kureha Household products 150 175 -25 -14% Fishing lines 11 10 1 10% Consolidated Others 20 16 4 25% net
Slide 19: Other Operations
Consolidated Net Sales and Operatin Income by Segment Other Operations (Unit: 100 million yen) FY2012 FY2011 Increase/ decrease (as est. in Nov.) (Ratio) Construction-related business 260 208 52 25% Consolidated net sales Consolidation adjustments -105 -80 -25 - Total 155 128 27 21% Consolideted ope
Slide 20: Key Indicators
Key Indicators (Unit: 100 million yen) FY2012(as est in Nov.) FY2011 Increase/decrease (Ratio) Non- Non- Non- Consolidated consolidated Ratio Consolidated consolidated Ratio Consolidated consolidated Capital expenditure 165 115 1.4 141 62 2.3 24 17% 52 84% Depreciation 105 90 1.2 103 87 1.2 2 2% 3 4
Slide 21: Cashflow
Cashflow (Unit: 100 million yen) FY2012 FY2011 (as est. in Nov.) (results) Increase/decrease Non- Non- Non- Consolidated consolidated Consolidated consolidated Consolidated consolidated Pre-depreciation profit 110 79 120 122 -10 -43 Increase/decrease in -24 -23 10 22 -34 -45 Cashflow from assets and
Slide 22: 3. Consolidated Companies
3. Consolidated Companies (21)
Slide 23: Consolidated Companies
Consolidated Companies （Unit :100million yen） FY2011 Interim FY2010 Interim Increase/decrease Net sales Total assets Net sales Total assets Net sales Total assets Kureha Corporation 338 1,460 421 1,473 -83 -13 Kureha Trading Co., Ltd. and one group company 138 120 147 125 -9 -5 Advanced Kureha Corpo
Slide 24: 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 3 group companies 61 85 48 54 13 31 rerated Kureha Engineering Co., Ltd. 48 51 38 3
Slide 25: 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