Sumitomo Bakelite : Financial Results for 3rd Quater and Business Outlook
February 06, 2023 at 03:30 am
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Financial Results
for 3rd Quarter of FY2022
February 6, 2023
Sumitomo Bakelite Co., Ltd.
2021.5.12
Ver6.6
Outline of Financial Results
for 3rd Quarter of FY2022
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Copyright (C) 2023 Sumitomo Bakelite Co., Ltd.
Financial Results for 3rd Quarter of FY2022 (Y/Y)
[Unit: Billion yen]
【IFRS】
3Q of FY2021
3Q of FY2022
Variance (Y/Y)
【IRS】
(1)
(2)
(2)-(1)
Ratio
195.9
216.6
20.7
10.6%
Revenue
Business Profit
21.2
20.3
-0.9
-4.2%
Operating Profit
21.0
20.0
-1.0
-4.6%
Profit attributable to
16.1
16.2
0.0
0.1%
owners of parent
* "Business profit" is calculated by deducting "Cost of sales" and "Selling, general and administrative expenses" from "Revenue".
FOREX
3Q - FY2021
3Q - FY2022
JPY / USD
111.38
135.40
JPY / EUR
130.85
140.42
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Copyright (C) 2023 Sumitomo Bakelite Co., Ltd.
Revenue and Business Profit by Business Segment (Y/Y)
[Unit: Billion yen]
Revenue
90.0
68.1
77.0
71.0
77.5
60.0
56.5
61.5
30.0
0.0
0.4/ 0.5
Semiconductor Materials
High Performance Plastics
Quality of Life Products
Other / All
Business Profit
15.0
12.7
12.7
10.0
6.3
7.5
4.7
5.0
2.9
0.0
-2.5 /-2.7
Semiconductor Materials
High Performance Plastics
Quality of Life Products
Other / All
3Q of FY2021
3Q of FY2022
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Copyright (C) 2023 Sumitomo Bakelite Co., Ltd.
Quarterly Revenue by Business Segment
[Unit: Billion yen]
Semiconductor Materials
High Performance Plastics
Quality of Life Products
30.0
22.8 24.2 25.9 24.9 26.2
24.8
23.5 24.4 26.0
27.1
19.9
19.3 21.2 20.6 19.7
20.0
10.0
0.0
3Q
4Q
1Q
2Q
3Q
3Q
4Q
1Q
2Q
3Q
3Q
4Q
1Q
2Q
3Q
FY2021
FY2022
FY2021
FY2022
FY2021
FY2022
■ Semiconductor Materials
Sales for automotive applications were strong. However, the impact of
inventory adjustment in consumer applications remained steady.
■ High Performance Plastics Sales volume recovered from 2Q. However, the impact of automobile production cutbacks, spread of COVID-19 in China, and slumping demand for consumer applications remained steady.
■ Quality of Life Products Sales revenue remained strong due to continued strong performance in healthcare- related products such as blood collection kits exported to North America and films & sheets for pharmaceutical packaging .
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Copyright (C) 2023 Sumitomo Bakelite Co., Ltd.
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Sumitomo Bakelite Co. Ltd. published this content on 06 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 February 2023 08:29:02 UTC.
Sumitomo Bakelite Company Limited is a Japan-based company mainly engaged in the manufacture and sale of semiconductor-related materials, high-functional plastic and quality of life related products. The Company operates in three segments. The Semiconductor-related Materials segment provides epoxy molding materials for semiconductor encapsulation, liquid resins for semiconductor uses and semiconductor substrate material. The High-Functional Plastic segment provides phenolic molding materials, industrial phenolic resins, molding products and synthetic resin-based adhesives, among others. The Quality of Life Product-related segment offers medical equipment, thermoplastic resins, vinyl resin sheets and melamine resin decorated sheets, among others. Other businesses include contract works of research and test and the leasing of land, etc.