Supply of Advanced Materials to Four Priority Areas

「In the films business, demand related to electronic components and automotive capacitor applications increased, but sales of battery separator films remained sluggish. In the electronic information materials business, sales of new products for power inductors increased, but the business was affected by weak panel demand in China and intensifying competition for organic EL-related materials and circuit materials.」

「Demand related to electronic components increased in the films business, but sales of battery separator films remained sluggish. The electronic information materials business was affected by weak panel demand in China and intensifying competition for organic EL-related materials and circuit materials. As a result, for the functional chemicals business as a whole, revenue decreased 7.2% year on year to ¥443.3 billion, and business profit fell 15.3% to ¥28.8 billion.」

「Using proprietary polymer design and biaxial stretching technologies, the company created a high-voltage-resistant film for capacitors with heat resistance up to 150°C.」

「Clothing applications remained generally solid, although the effects of weak market conditions in Europe and intensifying competition from overseas products continued. Automotive applications in industrial uses showed signs of recovering demand, but were affected by misconduct issues at domestic automakers and intensifying competition in China's EV market. As a result, for the textiles business as a whole, revenue increased 7.1% year on year to ¥515.5 billion, and business profit rose 26.6% to ¥34.4 billion.」

「Aerospace applications recovered steadily, but wind turbine blade applications entered an adjustment phase, while demand for general industrial applications, including pressure vessels, softened.」

「Clothing applications remained sluggish due to deteriorating market conditions in Europe and the United States, while hygiene material applications remained sluggish due to worsening supply-demand conditions. Industrial applications continued to show signs of recovery, driven by recovering demand for automotive applications and expansion in EV-related applications. As a result, for the textiles business as a whole, revenue decreased 5.0% year on year to ¥745.4 billion, while business profit increased 10.7% to ¥43.8 billion.」

「Demand for organic EL-related materials and circuit materials in the electronic information materials business showed signs of recovery. As a result, for the functional chemicals business as a whole, revenue decreased 8.5% year on year to ¥433.1 billion, and business profit fell 42.2% to ¥14.5 billion.」

「Demand declined in optical applications and applications related to electronic components in the films business, and in circuit materials in the electronic information materials business, due to inventory adjustments across the supply chain. Although wind turbine blade applications entered an adjustment phase, demand for aerospace applications showed signs of recovery, while pressure-vessel applications in general industry expanded.」

「Demand declined in optical applications and applications related to electronic components in the films business, and in organic EL-related materials and circuit materials in the electronic information materials business, due to inventory adjustments across the supply chain.」

「The resins business was sluggish due to delayed recovery in domestic automotive applications and lower demand in the Chinese market. The films business was affected by slowing demand for polyester films in optical applications and applications related to electronic components. In the electronic information materials business, demand for organic EL-related materials and circuit materials declined. As a result, for the functional chemicals business as a whole, revenue increased 3.0% year on year to ¥698.3 billion, while business profit decreased 59.8% to ¥30.0 billion.」

「The resins business was sluggish due to delayed recovery in domestic automobile production and lower demand in the Chinese market. The films business was affected by inventory adjustments in optical applications and applications related to electronic components for polyester films. In the electronic information materials business, demand for organic EL-related materials and circuit materials declined. As a result, for the functional chemicals business as a whole, revenue increased 6.5% year on year to ¥473.3 billion, while business profit decreased 52.0% to ¥25.1 billion.」

「The resins business was sluggish due to lower automobile production and the impact of lockdowns in China. In the films business, automotive applications for battery separator films for lithium-ion secondary batteries remained sluggish. In the electronic information materials business, demand for circuit materials declined. As a result, for the functional chemicals business as a whole, revenue increased 10.1% year on year to ¥245.0 billion, while business profit decreased 39.5% to ¥16.9 billion.」

「For the two-axis-oriented polyphenylene sulfide (PPS) film “TORELINA®,” the company’s only globally developed product of its kind, the company created a transparent heat-resistant film with transparency comparable to polyethylene terephthalate (PET) film while retaining excellent heat resistance, flame retardancy and dielectric properties suitable for 5G communications.」

「In the films business, battery separator films for lithium-ion secondary batteries were affected by lower prices and reduced automobile production, while polyester films performed well in optical applications and applications related to electronic components. In the electronic information materials business, demand related to organic EL increased. As a result, for the functional chemicals business as a whole, revenue increased 30.4% year on year to ¥678.1 billion, and business profit rose 56.6% to ¥74.6 billion.」

「As a result, for the functional chemicals business as a whole, revenue increased 35.8% year on year to ¥444.5 billion, and business profit rose 117.2% to ¥52.2 billion.」

「As a result, for the functional chemicals business as a whole, revenue increased 43.0% year on year to ¥222.6 billion, and business profit rose 244.2% to ¥27.9 billion.」

「The company also created a nonporous separator that contributes both to suppressing lithium dendrites and maintaining ionic conductivity in lithium-ion secondary batteries (LiBs) using metallic lithium as the anode, thereby achieving ultrahigh capacity and enhanced safety for LiBs.」

「The resins business was affected by stagnation in production activity due to COVID-19, but in the third quarter demand performed well as automakers' operating rates and the Chinese economy recovered. In the chemicals business, market conditions for basic raw materials showed signs of recovery. In the films business, battery separator films for lithium-ion secondary batteries were affected by falling market prices, while polyester films performed well in optical applications and applications related to electronic components. In the electronic information materials business, circuit materials remained sluggish, but demand related to organic EL increased in the third quarter. As a result, for the functional chemicals business as a whole, revenue decreased 10.7% year on year to ¥519.9 billion, while business profit increased 1.4% to ¥47.6 billion.」

「The functional chemicals business was affected by stagnation in production activity due to COVID-19. In the resins business, demand for automotive and general industrial applications declined both in Japan and overseas. The chemicals business was affected by falling market prices for basic raw materials. In the films business, demand for battery separator films for lithium-ion secondary batteries remained sluggish. The electronic information materials business was affected by lower production activity among organic EL-related customers. As a result, for the functional chemicals business as a whole, revenue decreased 16.9% year on year to ¥327.3 billion, and business profit fell 27.6% to ¥24.1 billion.」

「For the functional chemicals business as a whole, revenue decreased 21.2% year on year to ¥155.6 billion, and business profit fell 51.9% to ¥8.1 billion.」

「The company also created a world-leading ultrahigh water-production nanofiltration (NF) membrane with excellent selective separation performance for ions and organic substances, while increasing water-production capacity threefold.」

「Demand from the aerospace sector expanded, while general industrial applications related to the environment and energy, such as compressed natural gas tanks and wind turbine blades, also performed well, and demand for sports applications recovered. Overall, performance remained solid. As a result, total revenue from the carbon fiber composite materials business increased 16.8% year on year to ¥180.2 billion, while operating profit rose 98.5% to ¥16.6 billion.」

「In the Films business, shipments of battery separator film for lithium-ion secondary batteries expanded against a backdrop of growing demand, but polyester film was affected by inventory adjustments in optical applications and applications related to electronic components. Organic EL-related materials and circuit materials performed well in the Electronic Information Materials business. As a result, the Performance Chemicals business as a whole posted revenue of ¥397.7 billion, down 8.6% from the same period of the previous year, and operating profit of ¥33.7 billion, down 6.0%.」

「Demand for aircraft applications expanded, general industrial applications related to the environment and energy, such as compressed natural gas tanks and wind-turbine blades, performed well, and demand for sports applications recovered. Overall, business conditions remained firm. As a result, the Carbon Fiber Composite Materials business as a whole posted revenue of ¥61.5 billion, up 34.4% from the same period of the previous year, and operating profit of ¥5.9 billion, up 90.4%.」

「As a result, the Company developed a new carbon fiber, “TORAYCA® MX Series,” by pursuing both fiber strength and modulus, which are generally a trade-off, to the limit. The technology precisely controls and improves the orientation of graphite crystal structures inside the fiber at a finer nanoscale than before, increasing strength by approximately 30% while maintaining a modulus equivalent to that of conventional carbon fiber.」

「The Resins business expanded sales for automotive applications and promoted the pass-through of higher raw material prices, but was affected by the slowdown in the Chinese economy. Market conditions for basic raw materials improved in the Chemicals business, which also posted higher revenue from fine chemical products. In the Films business, shipments of battery separator film for lithium-ion secondary batteries expanded against a backdrop of growing demand, but higher raw material prices affected a broad range of products, including polyester film. The Electronic Information Materials business was affected by slower demand for organic EL-related materials. As a result, the Performance Chemicals business as a whole posted revenue of ¥654.9 billion, up 9.2% from the same period of the previous year, and operating profit of ¥52.0 billion, down 6.8%.」

「In the Films business, shipments of battery separator film for lithium-ion secondary batteries expanded against a backdrop of growing demand, but higher raw material prices affected a broad range of products, including polyester film. The Electronic Information Materials business was affected by slower demand for organic EL-related materials, although circuit materials produced by the Korean subsidiary performed steadily. As a result, the Performance Chemicals business as a whole posted revenue of ¥435.0 billion, up 11.3% from the same period of the previous year, and operating profit of ¥35.8 billion, up 0.3%.」

「The Resins business expanded sales of ABS and PPS resins and other products and promoted the pass-through of higher raw material prices. The Films business performed steadily, with shipments of battery separator film for lithium-ion secondary batteries expanding against a backdrop of growing demand. The Electronic Information Materials business was affected by slower demand for organic EL-related materials. As a result, the Performance Chemicals business as a whole posted revenue of ¥212.4 billion, up 11.1% from the same period of the previous year, and operating profit of ¥17.2 billion, up 3.4%.」

「The Company developed a new PET film that achieves both scratch-resistant hardness and a smooth surface through a high-performance organic-inorganic hybrid coating combining high-hardness nanoparticles with a functional polymeric dispersant.」

「The Resins business maintained generally steady shipments for automotive applications, mainly in Japan, and promoted sales expansion of ABS and PPS resins and other products for non-automotive applications. In the Films business, shipments of battery separator film for lithium-ion secondary batteries expanded against a backdrop of growing demand, while applications for electronic components, including smartphones, performed well. In the Electronic Information Materials business, shipments of related materials expanded as demand for organic EL panels grew. As a result, the Performance Chemicals business as a whole posted revenue of ¥599.7 billion, up 13.6% from the same period of the previous year, and operating profit of ¥55.7 billion, up 20.0%.」

「In the Films business, shipments of battery separator film for lithium-ion secondary batteries expanded against a backdrop of growing demand, while applications for electronic components, including smartphones, performed well. Shipments of organic EL-related materials also expanded in the Electronic Information Materials business. As a result, the Performance Chemicals business as a whole posted revenue of ¥390.7 billion, up 12.8% from the same period of the previous year, and operating profit of ¥35.7 billion, up 20.6%.」

「The Films business performed steadily in Japan and overseas, with shipments of battery separator film for lithium-ion secondary batteries expanding against a backdrop of growing demand. Shipments of organic EL-related materials also expanded in the Electronic Information Materials business. As a result, the Performance Chemicals business as a whole posted revenue of ¥191.2 billion, up 9.4% from the same period of the previous year, and operating profit of ¥16.6 billion, up 7.3%.」

「The Information & Telecommunications Materials and Equipment business as a whole posted revenue of ¥254.4 billion, up 1.3% from the previous consolidated fiscal year, and operating profit of ¥30.5 billion, up 16.7%.」

「For flat-panel displays, materials related to smartphones and tablets performed steadily, with shipments for organic EL applications expanding. Shipments of battery separator film for lithium-ion secondary batteries also expanded against a backdrop of growing demand. As a result, the Information & Telecommunications Materials and Equipment business as a whole posted revenue of ¥191.2 billion, up 2.0% from the same period of the previous year, and operating profit of ¥24.2 billion, up 24.7%.」

「As a result, the Information & Telecommunications Materials and Equipment business as a whole posted revenue of ¥128.6 billion, up 2.9% from the same period of the previous year, and operating profit of ¥15.9 billion, up 32.8%.」

「For flat-panel displays, materials related to smartphones and tablets performed steadily, with shipments for organic EL applications expanding, while some materials for large panels were weak due to sluggish television demand. In addition, shipments of battery separator film for lithium-ion secondary batteries expanded against a backdrop of growing demand.」

「The Group’s research and technological development, conducted by the Company and its consolidated subsidiaries, is based on the core technologies cultivated by the Company in organic synthetic chemistry, polymer chemistry, nanotechnology, and biotechnology. It works to strengthen and expand the stable earnings base of its core Fiber and Plastics & Chemicals businesses, while continuously supplying innovative advanced materials to the 4 growing priority fields: ① environment, water, and energy; ② information, communications, and electronics; ③ automobiles and aircraft; and ④ life sciences.」