Translation
Note: This document has been translated from the Japanese original for reference purposes only.
In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
October 6, 2023
Presentation Materials for Financial Results
for the Third Quarter of the Fiscal Year
Ending November 30, 2023
(December 1, 2022 - August 31, 2023)
Our products are invisible, but used around you.
OSAKA ORGANIC CHEMICAL INDUSTRY LTD.
Tokyo Stock Exchange, Prime Market: 4187
3Q FY11/2023 Financial Summary | 2 | |
Operating environment | Net sales | Operating profit |
The economy is on a moderate recovery trend in line with the transition to after covid-19. However, the outlook remains uncertain due to the possibility of an economic downturn overseas, including in Europe, the United States, and China, as well as the persistently high prices of raw materials and energy.
Sales in the Chemicals and Electronic Materials segment decreased due to sluggish demand for displays, semiconductors, and other products. As a result, net sales decreased 10.5% year on year to ¥21.754 billion.
Operating prifit was ¥3.056 billion (down 32.5% from the same period last year) due to the impact of decreased sales and soaring raw material and fuel prices.
(million yen)
3Q FY11/22
results
Net sales | 24,317 |
3Q FY11/23
results
21,754
YoY change
Amount | % |
△2,562 △10.5%
Progress rate
FY11/23 | 3Q |
Forecast | Progress rate |
29,000 | 75.0% |
Operating profit | 4,531 | 3,056 | △1,474 | △32.5% |
Ordinary profit | 4,921 | 3,298 | △1,622 | △33.0% |
Profit attributable to | 3,417 | 2,682 | △734 | △21.5% |
owners of parent | ||||
Price of naphtha in | 77,400 | 66,000 | - | - |
Japan (Yen/KL) | ||||
Exchange rate | 125 | 137 | - | - |
(Yen/USD) | ||||
3,800 | 80.4% |
4,000 | 82.5% |
2,800 | 95.8% |
- | - |
- | - |
3Q FY11/23 Financial Summary | 3 |
Operating profit decreased by ¥1.47 billion from the same quarter of the previous fiscal year due to a decrease in sales in the Chemicals and Electronic Materials segment and an increase in electricity costs.
Decrease in net sales
-¥2.56 billion
Chemical products | -¥1.21 billion |
Electronics materials | -¥1.35 billion |
Specialty chemicals | +¥0.00 billion |
Decrease in cost of goods sold
-¥1.03 billion
Decrease in cost of raw materials | -¥1.14 billion |
Inventory write-down | +¥0.21 billion |
Increase in electricity costs | +¥0.11 billion |
Decrease in depreciation | -¥0.11 billion |
Others | |
Decrease in SG&A
-¥0.05 billion
Decrease in transportation | -¥0.04 billion |
expenses | Others |
Decrease in net sales
Blue / ↑: Positive factors | ||
Red / ↓: Negative factors | ||
Decrease in cost | Slight decrease | |
in SG&A | ||
of goods sold | ||
Operating | Operating | |
profit | profit | |
¥4.53 billion | ¥3.05 billion | |
Operating profit | -¥1.47 billion |
2022/3Q | Change in net sales | Change in cost of goods sold | Change in SG&A | 2023/3Q | ||
■ Chemical products | 4 |
3Q | FY11/23 Full-year | Progress ratio vs. | Net sales / operating margin | ||||||
Net sales | forecast | full-year forecast | |||||||
¥7.28 bn | ¥9.47 bn | 76.9% | 売上高 | 営業利益率(右軸) | |||||
(billion yen) | |||||||||
●Operating environment | 3.00 | 2.83 | 2.81 | 2.85 | 20 | ||||
2.70 | (%) | ||||||||
・Automobile production is on a recovery trend. | 2.53 | 2.70 | |||||||
・Inventory adjustments continued in TV and other display-related products, | 2.46 | ||||||||
The price is also in the direction of gradual recovery. | 2.11 | 2.35 | |||||||
2.31 | |||||||||
●OOC | |||||||||
・Sales for automotive coatings were solid. | 2.11 | ||||||||
10.6 | |||||||||
・Sales of adhesives for displays gradually recovered. | |||||||||
11.9 | |||||||||
・Sales of materials for UV inkjet inks were sluggish. | |||||||||
10 | |||||||||
●Market risks | 9.1 | 6.9 | |||||||
・Crude oil prices remain high. | 7.5 | ||||||||
・Higher cost of raw materials derived from natural resources. | 6.4 | ||||||||
・Sudden foreign exchange movements. | |||||||||
2.9 | |||||||||
0.00 | 0 | ||||||||
(Dotted line: Forecast) |
■ Electronics materials | 5 | |||
3Q | FY11/23 Full-year | Progress ratio vs. | Net sales / operating margin | |
Net sales | forecast | full-year forecast | ||
¥9.98 bn | ¥13.41 bn | 74.4% | 売上高 | 営業利益率(右軸) | ||||||
(billion yen) | ||||||||||
●Operating environment | 4.00 | 3.87 | 3.79 | 3.88 | 50 | |||||
(%) | ||||||||||
3.67 | ||||||||||
・Deterioration in market conditions in the semiconductor market materialized, | 3.32 | 3.45 | 3.50 | |||||||
and there are signs that recovery will lag behind initial expectations. | 3.23 | |||||||||
3.42 | ||||||||||
・Progress is continuing | with the practical use of | state-of-the-art EUV | 40 | |||||||
3.23 | ||||||||||
lithography. | 3.23 | |||||||||
・The display market is on a recovery trend. | ||||||||||
●OOC | 30 | |||||||||
・Sales of mainstay raw materials for ArF resists were sluggish due to weak | 27.9 | |||||||||
demand in the end-market. | ||||||||||
24.4 | ||||||||||
・Despite a recovery trend, the display materials group decreased year on year. | 26.9 | |||||||||
・Sales of EUV materials continued to be healthy. | 20 | |||||||||
20.7 | ||||||||||
●Market risks | 17.9 | 14.4 | 16.7 | |||||||
・Escalation of the U.S.-China economic confrontation. | 10 | |||||||||
・Delay in recovery of the semiconductor market. | ||||||||||
0.00 | 0 | |||||||||
(Dotted line: Forecast) |
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Osaka Organic Chemical Industry Ltd. published this content on 06 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 October 2023 09:29:10 UTC.