Kuraray Q1 Report 2024

In the first quarter of fiscal 2024, the world economy overall grew only moderately, with the European and Chinese economies stagnating, despite the U.S. economy remaining firm backed by solid personal consumption. In addition, further escalation of geopolitical tensions, such as the prolonged conflict in Ukraine and the intensifying crisis in the Middle East, have become a risk factor for global economic activities, and the outlook remained uncertain.

Amid these circumstances, consolidated operating results for the first quarter of fiscal 2024 are as follows: net sales increased ¥7,217 million (3.9%) year on year to ¥192,183 million; operating income increased ¥7,468 million (35.0%) year on year to ¥28,793 million; ordinary income increased ¥7,471 million (36.6%) year on year to ¥27,861 million; and net income attributable to owners of the parent increased ¥13,461 million (165.1%) year on year to ¥21,614 million.

Highlights

2024 in YEN

• Net sales (Billion Yen) 192.2 (7.2 difference from previous year)
• Operating Income (Billion Yen) 28.8 ( 7.5 difference from previous year)
• Ordinary Income (Billion Yen) 27.9 ( 7.5 difference from previous year)