Kuraray Co ( (KURRF) ) has released its Q1 earnings. Here is a breakdown of the information Kuraray Co presented to its investors.
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Kuraray Co., Ltd. is a Japanese company listed on the Tokyo Stock Exchange, primarily engaged in the manufacturing and sales of chemicals, synthetic fibers, and other materials, with a strong focus on innovation and sustainability.
In its latest earnings report for the first quarter of 2025, Kuraray Co. reported a modest increase in net sales by 1.4% year-on-year to ¥194,804 million. However, the company faced significant challenges with operating income decreasing by 35.2% to ¥18,650 million and net income attributable to owners of the parent dropping by 44.4% to ¥12,007 million.
The company’s performance varied across its business segments. The Vinyl Acetate segment saw a slight increase in sales but a significant drop in income due to rising raw material costs. The Isoprene segment showed strong growth, with a 14.8% increase in sales and a substantial improvement in segment income, attributed to stable operations in Thailand. Meanwhile, the Functional Materials segment faced setbacks due to production difficulties, and the Fibers and Textiles segment struggled with weak demand in Europe and the automotive sector.
Looking ahead, Kuraray Co. maintains its full-year forecast, anticipating a 4.0% increase in net sales and a 41.8% rise in net income attributable to owners of the parent, reflecting optimism despite the current economic uncertainties. The company plans to continue its focus on shareholder returns through dividends and share buybacks.