Results Highlights

Highlights: FY2017 3Q Results (As of February 5, 2018)

  • Net sales: Increased
    • Solid overall sales performance across all businesses
    • Positive impact from the consolidation of CSP* in composites
      * Continental Structural Plastics Holdings Corporation: Became a consolidated subsidiary in January 2017
  • Operating income: Increased
    • Strong sales of aramid fibers and plastics
    • The upfront payment from Merck.*
      * The impact of licensing out of an investigational antibody candidate targeting tau for a possible new treatment of Alzheimer’s disease
    • Reduced costs due to the withdrawal from the U.S. home healthcare business
  • Profit attributable to owners of parent: Increased
    • Due to increased operating income, and gain on sales of noncurrent assets

In the fiscal year 2017, ending March 31, 2018, consolidated net sales for the nine months ended December 31, 2017 amounted to 614.7 billion yen, increased 79.5 billion yen compared with 535.2 billion yen for the nine months ended December 31, 2016. Operating income for the nine months ended December 31, 2017 were 56.3 billion yen, increased 12.7 billion yen compared with 43.6 billion yen for the nine months ended December 31, 2016. Ordinary income for the nine months ended December 31, 2017 amounted to 56.8 billion yen, increased 11.0 billion yen compared with 45.8 billion yen for the nine months ended December 31, 2016. Profit attributable to owners of parent of 39.7 billion yen for the nine months ended December 31, 2017 increased 5.7 billion yen compared with 34.1 billion yen for the nine months ended December 31, 2016.

Total assets as of December 31, 2017, amounted to 978.6 billion yen, up 14.5 billion yen from the end of fiscal 2016 (as of March 31, 2017, 964.1 billion yen). Shareholders´ equity was 396.4 billion yen, up 58.0 billion yen from the end of fiscal 2016 (as of March 31, 2017, 338.4 billion yen.) Interest-bearing debt was down 28.7 billion yen, from 376.2 billion yen at the end of fiscal 2016 to 347.5 billion yen.

* Profit attributable to owners of parent