Q3 2022 Kuraray Co Ltd Earnings Presentation Transcript

Nov 09, 2022 / NTS GMT

Release Date Price: $7.04

Transcript

Keiji Taga

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

Hello, everyone. This is Taga speaking. Thank you for taking the time out of your busy schedule to attend our conference call.

Let me now turn to the earnings results for the third quarter FY 2022. Please turn to Slide 2. In the third quarter of FY 2022, economy continues to recover gradually as countries eased restrictions on economic activities. However, there are signs of a slowdown in the recent months and uncertainty over the future heightened.

Meanwhile, we revised our selling prices in response to rising raw material and fuel prices and logistics costs. As a result, as shown on the slide, our net sales was JPY 553.2 billion, an increase of JPY 94 billion year-on-year. Operating income was JPY 70.8 billion, higher by JPY 16.5 billion. And net income was JPY 47.2

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