Nippon Shokubai : Financial Results Briefing Materials Year ended March 2023 (FY 2022)

Financial Results Briefing Materials Year ended March 2023 (FY 2022)

2023/5/16 Kazuhiro Noda, President and CEO

This presentation material is solely a translation based on the Japanese original.

Copyright NIPPON SHOKUBAI CO., LTD. All rights reserved.

Financial highlights

FY2022 Results

(Billion yen)

Revenue	419.6
Year-on-Year	+ 50.3
Operating profit	23.5
Year-on-Year	-5.5

■Revenue

Increased year on year as sales prices increased due to rising raw material prices and weaker yen though sales volume decreased.

■Operating profit

Decreased year on year due to lower sales volume and higher freight costs although spreads widened.

FY2023 Forecast	■Revenue
	(Billion yen)
	The same level as the previous year. Sales volume increases but sales
Revenue	420.0	prices decline due to falling raw material prices.
Year-on-Year	+ 0.4	■Operating profit
Operating profit	18.0	Expect to decline year-on-year due to shrinking spereads, increases in
processing costs and SG&A expenses, and the impact of inventory
Year-on-Year	-5.5
valuation differences although sales volumes gradually increase in the

second half of the year.

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Agenda

1. FY2022 Results
2. FY2023 Forecast
3. Progress of Mid-term Management Plan (FY2022-2024)

Explanation of acronyms

SAP: Superabsorbent Polymers

AA: Acrylic Acid

AES: Acrylates

EO: Ethylene oxide

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1. FY2022 Results

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FY2022 Consolidated financial summary

					(Billion Yen)
	FY2021	FY2022	Change
Revenue	369.3	419.6	50.3	<	13.6% >
Operating profit	29.1	23.5	-5.5	<	-19.0% >
Share of profit of investments	3.4	1.9	-1.4	<	-42.7% >
accounted for using equity method
Finance income / Costs	1.3	0.7	-0.5	<	-42.3% >
Profit before tax	33.7	26.2	-7.5	<	-22.3% >
Profit attributable to owners of	23.7	19.4	-4.3	<	-18.2% >
the parent
ＲＯＥ	7.2%	5.5%	-1.7 point
ＲＯＡ	6.8%	5.0%	-1.8 point
					(yen/kL)
Domestic naphtha price	56,600	76,600	20,000

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