KH Neochem : Notice regarding the revisions of Financial Forecasts
May 12, 2021 at 11:16 am
Share
For immediate release
May 11, 2021
Notice regarding the revisions of Financial Forecasts
Tokyo, May 11, 2021 - KH Neochem Co., Ltd (TSE: 4189, President and CEO: Michio Takahashi, "KH Neochem") announced regarding the revisions of first half and full year consolidated financial forecasts for the fiscal year ending December 31, 2021 ("FY2021") previously announced on February 10, 2021.
1. Revision of the first half consolidated financial forecasts for FY2021 (January 1, 2021 through June 30, 2021)
(Millions of yen)
Net income
Net sales
Operating
Ordinary
attributable
Earnings per
income
income
to owners of
share (Yen)
parent
Previous forecasts (A)
41,700
3,200
3,300
2,300
61.95
Revised forecasts (B)
51,400
6,800
6,900
4,900
132.00
Change (B-A)
9,700
3,600
3,600
2,600
-
Change (%)
23.3%
112.5%
109.1%
113.0%
-
(Reference) Results of
the previous first half
37,245
2,389
2,421
1,693
45.72
of the year (2020 1H)
2. Revision of the full year consolidated financial forecasts for FY2021 (January 1, 2021 through December 31, 2021)
(Millions of yen)
Net income
Net sales
Operating
Ordinary
attributable
Earnings per
income
income
to owners of
share (Yen)
parent
Previous forecasts (A)
86,400
8,200
8,300
5,800
156.24
Revised forecasts (B)
104,000
11,800
12,100
8,400
226.28
Change (B-A)
17,600
3,600
3,800
2,600
-
Change (%)
20.4%
43.9%
45.8%
44.8%
-
(Reference) Results of
the previous full year
77,332
5,642
5,627
4,046
109.12
(FY2020)
1 / 2
3. Reasons for the revision
In the first quarter for FY2021 (January 1, 2021 through March 31, 2021), both sales and profits increased significantly on a YoY basis thanks to an increase in sales volume by demand recovery and thanks to product prices increase by a tight supply and demand. Demand for KH Neochem group's products is expected to remain strong in the second quarter for FY2021 (April 1, 2021 through June 30, 2021), the forecasts for the first half and the full year for FY2021 are expected to exceed the previous forecasts.
The exchange rate forecast for FY2021 is 107 yen per US dollar, and the domestic naphtha price is 44,600 yen / KL.
The situation of the spread of COVID-19 in the future may affect the product demand and business activities of KH Neochem group. The above forecasts will be revised if the KH Neochem group's business performance is expected to be significantly affected.
Financial forecasts and other forward-looking statements included in this document are based on the information currently available to KH Neochem and certain assumptions deems reasonable, and KH Neochem makes no commitments regarding their achievability. Actual business results may differ materially from the forecast due to variety of factors.
###
2 / 2
Attachments
Original document
Permalink
Disclaimer
KH Neochem Co. Ltd. published this content on 11 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2021 10:15:11 UTC.
KH Neochem Co Ltd is a Japan-based company engaged in the manufacture and sale of petrochemicals. The Company's business is divided into three business units. The basic chemical businessâs main products include butyl alcohols, octyl alcohols and butyl acetates. The business is involved in the provision for the manufacture of paints, inks, commodity resins, plasticizers, detergents and others. The performance material businessâs main products include isononanoic acids and octylic acids, among others. The business is involved in the provision of raw materials for surfactants, water-based paints, cosmetics, pesticides, as well as pharmaceutical products. The electronic material businessâs main products include propylene glycol methyl ether-pure (PM-P) and propylene glycol methyl ether acetate-pure (PMA-P). The business is involved in the provision for semiconductors, display materials and optical materials, among others.
KH NEOCHEM CO., LTD. 
