Kuraray Co., Ltd. Revises Earnings Guidance for the Interim Period and Full Year Ending December 31, 2024
May 14, 2024 at 12:00 am
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Kuraray Co., Ltd. revised earnings guidance for the interim period and full year ending December 31, 2024. For the interim period, the company expected net sales of JPY 410,000 million against the previous guidance of JPY 400,000 million, Operating Income of JPY 42,000 million against the previous guidance of JPY 42,000 million, Net Income Attributable to Owners of the Parent of JPY 25,000 million against the previous guidance of JPY 23,000 million and Net Income per Share of JPY 74.67 against the previous guidance of JPY 68.71.
For the full year period, the company expects net sales of JPY 840,000 million against the previous guidance of JPY 830,000 million, Operating Income of JPY 85,000 million against the previous guidance of JPY 83,000 million, Net Income Attributable to Owners of the Parent of JPY 49,000 million against the previous guidance of JPY 47,000 million and Net Income per Share of JPY 146.35 against the previous guidance of JPY 140.40.
Kuraray Co., Ltd. is the world's leader in the manufacturing and marketing of chemical products, resins and synthetic fibers. Net sales break down by family of products as follows:
- chemical and resin (45.6%): functional resins and films, elastometers, thermoplastics, adhesives, fine chemistry products, etc. primarily for cosmetic products, televisions and mobile phones screens, foot packaging and paper manufacturing;
- fibers and textile products (29.8%): synthetic fibers and man-made leather, polyester, nonwoven textile products, resins, etc. sold under the brands Kuralon, Clarino Vectran and Kuraflex;
- functional materials (18.8%): methacrylic resin, medical chemicals, carbon materials, etc.;
- other (5.8%): primarily dental treatment and water purifying products.
At the end of 2019, the group had 52 production worldwide.
Net sales break down geographically as follows: Japan (27.1%), China (13.8%), Asia (12.3%), Europe (23.6%), the United States (18.5%) and other (4.7%).
KURARAY CO., LTD 
