Kurita Water Industries : Financial Results Presentation (276KB)

Kurita Water Industries Ltd.

Results Presentation for

the First Nine Months of the Fiscal Year Ending March 31, 2023

(Securities code: 6370)

February 3, 2023

Table of Contents

1 Consolidated Financial Results for the First Nine Months of

the Fiscal Year Ending March 31, 2023

p 1-10

2		Revision to Forecast for the Fiscal Year Ending March 31, 2023	p 11-13

1 Consolidated Financial Results for the First Nine Months of the Fiscal Year Ending March 31, 2023

Overview of Results

(Billions of Yen)	Nine months of	Nine months of
FY ended 03/2022	FY ending 03/2023	YoY Change

Orders		218.8		288.1	+31.6%
Net Sales		211.2		251.7	+19.2%
Business Profit		25.2		28.4	+12.6%
Net of Other Income and Expenses	0.3		(0.7)	-
Operating Profit		25.5		27.7	+8.3%
Profit Before Tax		20.8		29.0	+ 39.4%
Profit Attributable to Owners of Parent	12.0		20.1	+ 67.5%
Basic Earnings per Share (yen)	107.08		179.28	-
	USD (yen)	111.1		136.5
Foreign Exchange Rate	EUR (yen)	130.6		140.6
	CNY (yen)	17.3		19.9

• Profit before tax and profit below rose significantly due to the change in the net of finance income*1 and costs*2 accompanying the acquisition of additional shares in Pentagon Technologies Group, Inc.

*1 Finance income of 1.1 billion yen posted in this fiscal year from derivatives transactions

*2 Finance costs of 4.6 billion yen posted in previous fiscal year from the subsequent measurement of liabilities related to a forward contract concluded with non-controlling shareholders

1

Results by Segment

(Billions of Yen)	Nine months of	Nine months of	YoY Change
FY ended 03/2022	FY ending 03/2023

		Orders	218.8	288.1	+69.2
		Net Sales	211.2	251.7	+40.5
	Total	Business Profit	25.2	28.4	+3.2
		Business Profit	11.9%	11.3%	(0.7pp)
		Margin
		Operating Profit	25.5	27.7	+2.1
		Orders	87.6	102.5	+14.9
	Water	Net Sales	87.9	102.9	+15.1
	Business Profit	10.8	12.4	+1.6
	Treatment
	Chemicals	Business Profit	12.3%	12.1%	(0.3pp)
		Margin
		Operating Profit	11.1	12.3	+1.2
		Orders	131.2	185.5	+54.3
	Water	Net Sales	123.4	148.8	+25.4
	Business Profit	14.4	16.0	+1.6
	Treatment
	Facilities	Business Profit	11.7%	10.7%	(0.9pp)
		Margin
		Operating Profit	14.4	15.4	+1.0

• Both net sales and profit in the Water Treatment Chemicals business rose chiefly due to overseas business growth.
• Orders in the Water Treatment Facilities business increased, reflecting increases in orders for facilities and maintenance in Japan and overseas.
• Net sales in the Water Treatment Facilities business increased for the domestic electronics industry and overseas, while decreased for domestic general industries.
• Business profit in the Water Treatment Facilities business increased as the impact of increased sales exceeded an increase in SG&A expenses and a worsening in the cost of sales ratio.

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