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Business Results for FY ending March 2017

    The FY ended March 2017’s Results
  • The operating profit of the FY ended March 2017 decreased YoY mainly due to the negative impact of the stronger yen compared to the previous year. However, it was significantly higher than our revised target which we announced in October thanks to the recovery in the Petrochemicals market.
  • Petrochemicals Business: Both the sales and the profit of the Elastomer business increased YoY. The earnings jumped up in the second half of the fiscal year because of the recovery in the market condition and expansion in sales. The second phase of our SSBR plant in Thailand began full-scale operation.
  • Fine Chemicals and other Businesses: The profit decreased YoY due to the negative impact of the stronger yen even though the sales exceeded the previous year. In the Semiconductor materials business, the sales of the materials for cutting-edge processes grew steadily. In the Display materials business, the sales increased YoY in rapidly growing Chinese market even with intensified competition.

  • The FY ending March 2018’s Projection
  • We forecast that earnings of FY ending March 2018 will exceed the results of FY ended March 2017. Sales: 405.0 billion yen, Operating Profit: 35.0 billion yen.
  • Petrochemicals Business: We aim to gain benefits from the wider margin spread thanks to the recovery in the market condition and increase sales volume by full-scale operation in our SSBR plant in Thailand.
  • Fine Chemicals and other Businesses: In the Semiconductor materials business, we aim to expand sales of the materials for cutting-edge processes. In the Display materials business, we aim for further increase in our Chinese market share. In the Life Sciences business, we expect further growth in the fields related to antibody drugs.
  • The new medium-term management plan “JSR20i9” starts from FY ending March 2018. There willbe unforeseeable business condition for the time being, however, we aim for solid future growth.

Business Results for FY ending March 2016

  • The business results of FY March 2016 fell significantly below the annual guidance. This was attributable to slowdown of demands surrounding the company’s core businesses, especially rapid aggravation of the market demands and the yen’s appreciation in the 4th quarter gave impacts.

  • In the Petrochemicals business, both net sales and profit were down from the previous year. Even though Plastics business showed the solid performance through the year, deterioration of the Elastomers business exceeded it. This was due to the stagnation of domestic tire production, slowdown of demand growth in Asian market, and the worsening market conditions.

  • In the Fine chemicals and other businesses, net sales increased, but profit decreased from the previous year. Even though sales of the Life Sciences business substantially expanded, Display materials business plunged sharply due to the demand slowdown of our customers.

  • We forecast that earnings guidance for FY March 2017 will remain almost unchanged from FY March 2016, assuming that low growth of each business market and stronger yen trend will continue for the time being.

Business Results for FY ending March 2015

  • The business results of FY March 2015 didn't reach the annual guidance due to the slowdown of demand surrounding the company in the 2nd half, especially further deterioration of petrochemicals business environment. On the other hand, both net sales and profit surged from the previous year thanks to the significant progress of in Fine chemicals.

  • Earnings of the Petrochemicals business sharply dropped from the previous year because of the net sales decrease caused from a weakening of the market as well as the delay of our new S-SBR plant (JSR BST Elastomer Co., Ltd) in Thailand.

  • In the Fine chemicals and other businesses, both net sales and profit significantly surged from the previous year, driven by expanding net sales in our cutting?]edge products in Semiconductor materials business and steady performance in Display materials business.

  • Earnings guidance for FY March 2016 is likely to be below expectations. This is mainly due to a continuously sluggish market in the Petrochemicals business and the structural reform JSR implements. However, we expect net sales and profit in FY March 2016 will increase because of the further growth in the Fine Chemicals business.

Business Results for FY ending March 2014

  • Business results for FY Mar. 2014 were slightly below our earnings guidance. While our customer's industries in general performed poorly, we saw net income decrease from FY Mar. 2013 due to deterioration of non operating income/expenses, though we managed to exceed net sales and operating income for FY Mar. 2013.

  • In the Petrochemicals business, net sales and operating income grew from FY Mar. 2013 thanks to our efforts to expand sales, though synthetic rubber demand was slow to recover. Our new S-SBR plant in Thailand (JSR BST Elastomer) started commercial production in Mar. 2014, and its start-up expenses weighed on operating income FY Mar. 2014.

  • In the Fine Chemicals and Other Products business, net sales and operating income increased from FY Mar. 2013, supported by solid performance in the FPD materials business and the depreciation of the yen. Although the semiconductor market was sluggish, the launch of our cutting-edge semiconductor materials progressed steadily.

  • The business environment in the FY Mar. 2015 is likely to remain uncertain throughout the year. Under this circumstance, we will achieve a solid growth of operating income with the commitment of our new mid-term business plan "JSR20i6", which starts in April 2014.

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