Kuraray Co ( (KURRY) ) has released its Q4 earnings. Here is a breakdown of the information Kuraray Co presented to its investors.
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Kuraray Co., Ltd., a specialty chemical company listed on the Tokyo Stock Exchange, is renowned for its innovative materials and products, serving a global market across various industries including chemicals, textiles, and functional materials. In its latest earnings report for the fiscal year ended December 31, 2024, Kuraray Co., Ltd. highlighted a 5.9% increase in net sales, reaching ¥826,895 million. Despite this growth, the company’s net income attributable to owners of the parent decreased by 25.3% to ¥31,724 million due to extraordinary losses in some business areas, including impairments and business liquidations. Key financial metrics showed improvements in operating and ordinary income, with operating income up by 12.7% and ordinary income by 18.0%, attributed to strategic investments and increased sales in several business segments. However, the company faced challenges, such as increased depreciation costs and economic stagnation in certain markets. Looking ahead, Kuraray aims to expand its business portfolio and profitability by focusing on high-growth areas and maintaining strategic investments, as outlined in their medium-term management plan ‘PASSION 2026’. The management anticipates a 4.0% increase in net sales for fiscal 2025, with a significant expected rise in net income, suggesting a positive outlook despite the uncertain global economic environment.