DIC Corporation Full-Year Report 2023
- Operating income fell sharply. This was due largely to sinking shipments of high-value-added digital materials and materials for use in mobility solutions, as well as to the temporary suspension of operations at certain production sites in the United States and Europe, a move aimed at paring inventories of pigments.
- A steep increase in extraordinary losses, owing to a ¥19.7 billion impairment loss on goodwill related to the Colors & Effects pigments business, acquired in 2021, pushed results into the red.
- Fiscal year 2024 full-term forecasts are for net sales of ¥1,100 billion, operating income of ¥30 billion and net income attributable to owners of the parent of ¥10 billion.
- Pursue synergies with and accelerate rationalization efforts in newly acquired businesses.
- Emphasize measures that will yield swift and consistent results and prioritize the balanced allocation of management resources.
- Promote business transformation and generate cash by shrinking assets over the three years beginning in fiscal year 2024.
- Formulate policies for cash allocation from the perspectives of increasing corporate value and of maintaining sustainable growth and a healthy financial position.
