Fiscal 2022 Results (2022 April 1 to 2023 March 31)
In the advanced plastics category, revenue rose on higher sales of polyvinylidene fluoride (PVDF) used as a binder material for lithium-ion secondary batteries, polyglycolic acid (PGA) products used in the process of shale oil and gas fracking, polyphenylene sulfide (PPS), and other processed plastics products. However, operating profit declined in part due to such as energy and raw material cost increase.
Revenue and operating profit also rose in the carbon products category as sales of carbon fiber used in heat insulating material for high-temperature furnaces and sliding additive for automotive application increased.
Pharmaceuticals and Agrochemicals
In the agrochemicals and pharmaceuticals category, revenue rose on higher sales of agricultural and horticultural fungicides, but operating profit declined in part due to lower sales of Kremezin, a treatment for chronic failure.
The industrial chemicals category reported an operating profit, compared with an operating loss in the same period of the previous year, on increased sales of organic and inorganic chemicals.
In the consumer goods category, sales of Seaguar fluorocarbon fishing lines rose, but revenue and operating profit fell due to lower sales of New Krewrap plastic wrap for household use and the impact of soaring fuel and raw material prices.
Food Packaging Materials
In the packaging materials category, revenue and operating profit rose on the back of higher sales of polyvinylidene chloride (PVDC) film.
Construction and Other Operations
In Construction, revenue and operating profit declined due to decreases in public- and private-sector construction projects.
In the environmental engineering category, revenue was flat year on year, but operating profit declined. In the logistics category, revenue and operating profit declined. In the hospital operations category, revenue was flat year on year, and operating loss increased.
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