Kureha Corporation · TSE:4023
Kureha — H1 FY2009 Earnings Presentation
26 slides from Kureha's earnings presentation, Nov 17, 2009
Slide 1: Interim Results for the Financial Year Ending March 31, 2010
Interim Results for the Financial Year Ending March 31, 2010 November 17, 2009
Slide 2: Contents
Contents 1. Consolidated Companies (2)～(3) 2. Interim Results for the Financial Year 2009 (4) ・Financial Highlights (5)～(6) ・Key Indicators (7) ・Consolidated Net Sales and Operating Income by Segment (8)～(11) ・Balance Sheets (12) ・Analysis of Recurring Income (13)～(14) ・Breakdown of Extraordinary In
Slide 3: Consolidated Companies
Consolidated Companies （Unit :100million yen） FY2009 Interim FY2008 Interim Increase/decrease Net sales Total assets Net sales Total assets Net sales Total assets Kureha Corporation 385 1,463 453 1,512 -68 -49 Nishiki Trading Co., Ltd. and one group company 139 119 166 128 -27 -10 Advanced Kureha Co
Slide 4: Consolidated Companies
Consolidated Companies （Unit:100 million yen) FY2009 Interim FY2008 Interim Increase/decrease Net sales Total assets Net sales Total assets Net sales Total assets Other Kureha Ecology Management Co., Ltd. 16 38 27 45 -11 -7 Operations Kureha Special Laboratory Co., Ltd. 6 7 8 7 -2 0 Kureha Engineeri
Slide 5: Interim Results for the Financial Year 2009
２. Interim Results for the Financial Year 2009 (4)
Slide 6: Financial Highlights (Comparison with same period in FY2008)
Financial Highlights (Comparison with same period in FY2008) (Unit:100 million yen) FY2009 Interim FY2008 Interim Increase/decrease (Ratio) Non- Non- Non- Consolidated Ratio Consolidated Ratio Consolidated Consolidated Consolidated Ccnsolidated Net sales 597.2 384.6 1.6 736.5 452.5 1.6 -139.3 -18.9%
Slide 7: Financial Highlights (Comparison with estimates from May)
Financial Highlights (Comparison with estimates from May) (Unit:100 million yen) FY2009 Interim FY2009 Interim (as est. in May) increase/decrease (Ratio) Non- Non- Non- Consolidated Ratio Consolidated Ratio Consolidated consolidated consolidated consolidated Net sales 597.2 384.6 1.6 640.0 390.0 1.6
Slide 8: Key Indicators (Comparison with same period in FY2008)
Key Indicators (Comparison with same period in FY2008) (Unit:100 million yen) FY2009 Interim FY2008 Interim Increase/decrease (Ratio) Non- Non- Non- Consolidated Consolidated Ratio Consolidated Consolidated Ratio Consolidated consolidated Capital expenditure 66 41 1.6 85 48 1.8 -20 -23% -6 -13% Depr
Slide 9: Net Sales and Operating Income by Segment: Advanced Materials
Consolidated Net Sales and Operating Income by Segment Advanced Materials (Unit:100 million yen) FY2009 Interim FY2008 Interim Increase/decrease results results (Ratio) Carbon products 31 39 -9 -22% Kureha Advanced plastics 57 79 -22 -27% Consolidated Others 12 19 -7 -36% net sales Total 100 137 -37
Slide 10: Net Sales and Operating Income by Segment: Specialty Chemicals
Consolidated Net Sales and Operating Income by Segment Specialty Chemicals (Unit:100 million yen) FY2009 Interim FY2008 Interim Increase/ decrease results results (Ratio) Industrial chemicals 48 53 -5 -9% Kureha Agrochemicals 22 41 -19 -46% Consolidated Pharmaceuticals 44 46 -2 -5% net sales Total 1
Slide 11: Net Sales and Operating Income by Segment: Specialty Plastics
Consolidated Net Sales and Operating Income by Segment Specialty Plastics (Unit: 100 million yen) FY2009 Interim FY2008 Interim Increase/ decrease results results (Ratio) Food packaging materials 53 50 2 5% Kureha Household products 108 111 -4 -3% Fishing lines 5 5 -1 -11% Consolidated Others 5 7 -3
Slide 12: Net Sales and Operating Income by Segment: Other Operations
Consolidated Net Sales and Operating Income by Segment Other Operations (Unit: 100 million yen) FY2009 Interim FY2008 Interim Increase/ decrease results results (Ratio) Environmental engineering 22 35 -13 -38% Construction- related business 105 116 -11 -9% Consolidated Construction- net sales Kureha
Slide 13: Balance Sheets
Balance Sheets 1.Assets (Unit: 100 million yen) As of Sep.30,2009 As of Mar.31,2009 Increase/decrease Non- Non- Non- consolideted consolideted consolideted consolidated consolidated consolidated Cash and cash equivalents 75 31 73 44 2 -13 Accounts and notes receivable-trade 247 154 301 164 -55 -10 I
Slide 14: Analysis of Recurring Income (Comparison with same period in FY2008)
Analysis of Recurring Income （Comparison with same period in FY2008) (Unit: 100million yen） FY2009 Interim FY2008 Interim Change Kureha 12.8 316% 43.8 80% -31.0 Recurring Consolidated subsidiaries -1.9 -47% 14.8 27% -16.7 income Equity-method affiliates 1.5 36% 2.3 4% -0.8 Consolidation adjustments
Slide 15: Analysis of Recurring Income (Comparison with estimates from May)
Analysis of Recurring Income (Comparison with estimates from May) (Unit:100 million yen) FY2009 Interim FY2009 Interim(as est. in May) Change Kureha 12.8 316% 7.0 350% 5.8 Recurring Consolidated subsidiaries -1.9 -91% 1.0 50% -2.9 income Equity-method affiliates 1.5 36% 0.6 30% 0.9 Consolidation adj
Slide 16: Breakdown of Extraordinary Income/Losses
Breakdown of Extraordinary Income/Losses (Unit:100 million yen） FY2009 Interim FY2008 Interim Increase/decrease Non- Non- Non- Consolidated Consolidated Consolidated Consolidated Consolidated Consolidated Income from sales of 2.0 5.4 0.1 - 1.9 5.4 Extradinary investment securities income Others 1.4
Slide 17: Cashflow
Cashflow (Unit: 100 million yen) FY2009 Interim FY2008 Interim Increase/decrease Non- Non- Non- Consolidated consolidated Consolidated consolidated Consolidated consolidated Pre-depreciation profit 56 56 88 69 -32 -13 Increase/decrease in 26 4 -21 -20 47 23 Cashflow from assets and liabilities Opera
Slide 18: Estimates for the Financial Year ending March 2010
３. Estimates for the Financial Year ending March 2010 (17)
Slide 19: Estimated Figures
Estimated Figures ＜Comparison with FY2008＞ （ Unit: 100 million yen） FY2010(as est in Nov.) FY2009 Increase/decrease (Ratio) Non- Non- Non- Consolidated consolidated Ratio Consolidated consolidated Ratio Consolidated consolidated Net sales 1,320 860 1.5 1,437 866 1.7 -117 -8.2% -6 -0.7% Operating inc
Slide 20: Key Indicators
Key Indicators (Unit: 100 million yen) FY2010(as est in Nov.) FY2009 Increase/decrease (Ratio) Non- Non- Non- Consolidated consolidated Ratio Consolidated consolidated Ratio Consolidated consolidated Capital expenditure 180 89 2.0 178 117 1.5 2 1% -28 -24% Depreciation 113 90 1.3 103 80 1.3 10 10% 1
Slide 21: Net Sales and Operating Income by Segment: Advanced Materials
Consolidated Net Sales and Operatin Income by Segment Advanced Materials (Unit: 100 million yen) FY2010 FY2010 increase/decrease FY2009 increase/decrease (as est. in Nov.) (as est. in May) (Ratio) (Ratio) Carbon products 67 98 -31 -32% 78 -11 -14% Kureha Advanced plastics 116 106 10 9% 118 -2 -2% Co
Slide 22: Net Sales and Operating Income by Segment: Specialty Chemicals
Consolidated Net Sales and Operatin Income by Segment Specialty Chemicals (Unit: 100 million yen) FY2010 FY2010 increase/decrease FY2009 increase/decrease (as est. in Nov.) (as est. in May) (Ratio) (Ratio) Industrial chemicals 103 108 -5 -5% 103 0 0% Kureha Agrochemicals 67 64 3 5% 74 -7 -10% Consol
Slide 23: Net Sales and Operating Income by Segment: Specialty Plastics
Consolidated Net Sales and Operatin Income by Segment Specialty Plastics (Unit: 100 million yen) FY2010 FY2010 increase/decrease FY2009 increase/decrease (as est. in Nov.) (as est. in May) (Ratio) (Ratio) Food packaging materials 110 114 -4 -4% 100 10 10% Kureha Household products 222 225 -3 -1% 229
Slide 24: Net Sales and Operating Income by Segment: Other Operations
Consolidated Net Sales and Operatin Income by Segment Other Operations (Unit: 100 million yen) FY2010 FY2010 increase/decrease FY2009 increase/decrease (as est. in Nov.) (as est. in May) (Ratio) (Ratio) Environmental engineering business 50 59 -9 -15% 65 -15 -23% Construction-related Kureha business
Slide 25: Cashflow
Cashflow (Unit: 100 million yen) FY2009 FY2008 (as est. in Nov.) (results) Increase/decrease Non- Non- Non- Consolidated consolidated Consolidated consolidated Consolidated consolidated Pre-depreciation profit 148 120 163 122 -15 -2 Increase/decrease in -24 -24 -12 -25 -12 1 Cashflow from assets and
Slide 26: 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