Segment Information
Fiscal 2023 Results (2023 April 1 to 2024 March 31)
Advanced Materials
Advanced Plastics
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In the advanced plastics category, despite higher sales of polyphenylene sulfide (PPS) and polyglycolic acid (PGA) products used in the process of shale oil and gas fracking, lower sales of polyvinylidene fluoride (PVDF), used as a binder material for lithium-ion secondary batteries, and other processed plastics products caused revenue and operating profit to decline.
Carbon Products
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Revenue and operating profit rose in the carbon products category as sales of heat insulating material for high-temperature furnaces increased.
Specialty Chemicals
Agrochemicals and Pharmaceuticals
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In the agrochemicals and pharmaceuticals category, although revenue rose on higher sales of agricultural and horticultural fungicides and Kremezin, a treatment for chronic renal failure, operating profit declined due to higher R&D and other expenses.
Industrial Chemicals
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In the industrial chemicals category, sales of inorganic and organic chemicals increased, and both revenue and operating profit in this category increased.
Specialty Plastics
Consumer Products
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In the consumer goods category, both revenue and operating profit increased due to higher sales of New Krewrap plastic wrap for household use and Seaguar fluorocarbon fishing lines.
Food Packaging Materials
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In the commercial food packaging materials category, revenue and operating profit were flat year on year.
Construction and Other Operations
Construction
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In Construction, revenue and operating profit rose due to an increase in private-sector construction projects.
Other Operations
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In the environmental engineering category, revenue increased but operating profit declined mainly due to higher expenses. In the logistics category, revenue and operating profit declined. In the hospital operations category, revenue increased and operating loss declined.