Kuraray Q3 Report 2022

Overview of Consolidated Business Results

In the third quarter of fiscal 2022 (January 1, 2022-September 30, 2022), the world economy continued to gradually recover as restrictions on economic activities were eased. However, the recent trend toward economic deceleration grew stronger due in part to a rise in interest rates in various countries amid rapid inflation and the prolonged Russia-Ukraine crisis, causing the future outlook to become even murkier. Amid these circumstances, consolidated operating results for the third quarter of fiscal 2022 are as follows: net sales were ¥553,150 million (¥459,159 million in the same period of the previous fiscal year); operating income was ¥70,846 million (¥54,318 million in the same period of the previous fiscal year); ordinary income was ¥70,078 million (¥51,001 million in the same period of the previous fiscal year); and net income attributable to owners of the parent was ¥47,174 million (¥28,602 million in the same period of the previous fiscal year). Furthermore, in the third quarter, we recorded an extraordinary loss of ¥5,429 million as costs related to the suspension of operations due mainly to the suspension of some production facilities at a U.S. subsidiary.