Q1 2022 Kuraray Co Ltd Earnings Presentation Transcript

May 12, 2022 / NTS GMT

Release Date Price: $8.54

Transcript

Keiji Taga

Kuraray Co., Ltd. - Managing Executive Officer & Director

This is Keiji Taga of Kuraray. Thank you for joining our Fiscal Year 2022 First Quarter Earnings Overview Presentation Conference Call today. Let me share with you our financial results for the first quarter of the fiscal year ending December 31, 2022.

Page 2 is the overview of the first quarter results. In the first quarter of FY '22, despite the resurgence of COVID-19, the recovery trend continued as additional vaccinations were administered in many countries and restrictions on economic activities were eased. As a result, as is shown on the slide, net sales increased by JPY 23.2 billion year-on-year to JPY 167.6 billion. Operating income increased by JPY 5.4 billion to JPY 22.1 billion. Net income increased by JPY 7.4 billion to JPY 12.7 billion. Both sales and profits

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