Growth in Global Markets Centered on Overseas Regional Headquarters Companies

「Amid expectations of petrochemical supply chain disruptions resulting from global fragmentation and the situation in the Middle East, the company will respond swiftly and resiliently by making maximum use of its local-production-for-local-consumption global business structure, one of its strengths. Centered on its Regional Headquarters, it will further strengthen its Adaptability to all crises and enhance its presence in global markets.」

「Demand for modified silicone polymer in Europe and the US has recovered from its trough in the first quarter. Sales expansion in Europe and replacement of other materials are progressing, and the company expects global demand to recover from the second half onward.」

「The capacity expansion facility for modified silicone polymer in Belgium began operations smoothly. Sales expansion and high-profitability momentum is expected to continue in the second half, following the first half.」

「Sales expansion in new regions and applications is progressing, and the company will proceed with the planned production capacity expansion in Belgium to meet growing global demand.」

「Modified silicone polymer returned from its trough in demand, expanded sales in new regions and applications, and generated higher profits. The company is expanding production capacity in Belgium to meet growing global demand.」

「Demand for modified silicone polymer temporarily slowed amid weak construction markets in Europe and the US, but underlying demand remains strong. Following the capacity expansion in Belgium decided last year, the company is accelerating consideration of its next capacity expansion in the Americas.」

「The company will steadily strengthen its sales structure in the large US market and accelerate the global expansion of its Medical business.」

「Modified silicone polymer sales expanded steadily in Europe and the US. As insulation retrofits and energy efficiency measures are promoted in Europe to achieve carbon neutrality, and the sealants and adhesives market is expected to expand, the company has decided to expand capacity in Belgium. It will consider further capacity expansions globally.」

「In the core businesses, amid soaring raw material prices, the company steadily captured overseas demand by leveraging its global network of sites and strengthened its earnings base in Performance Polymers Modifier, modified silicone polymer, Performance Fibers and other businesses.」

「Strong momentum continued in both the advanced and core businesses, primarily in overseas markets. On a quarterly basis, net sales reached a record high, while operating income exceeded the levels recorded in the consolidated accounting periods of the third and fourth quarters of the previous fiscal year. Compared with the year-earlier period, when the global economy faced a severe downturn due to the spread of COVID-19, all business segments reported higher sales and higher operating income.」

「From the third quarter onward, the network-based glocal platform linking the world through local production for local consumption was able to fully demonstrate the power of its diversity.」

「Net sales recovered from their first-quarter trough and exceeded the previous year's level in the third quarter as sales, primarily in overseas markets, recovered and expanded.」

「Demand for Performance Polymers Modifier recovered as economic activity resumed in Europe, the US and Asia. Sales volumes had recovered to the previous year's level from the latter half of the second quarter. For modified silicone polymer, demand recovered in Europe and the US in addition to construction applications in China, and second-quarter sales recovered to roughly the previous year's level.」

「Modified silicone polymer sales remained solid, and the capacity expansion facility in Belgium that began operating in December last year contributed to earnings. The company is developing the Asian market, the new frontier for this SV, and sales are expanding. It expects the new Malaysian production line to boost profits.」

「Global business expansion contributed to record net sales of ¥621,043 million for the year, up 4.2% year on year.」

「In Performance Polymers, Modifier applications expanded, resulting in solid sales and substantial business growth. Demand for modified silicone polymer, a one-of-a-kind global product, also expanded worldwide, and the new Malaysian facility made a full contribution. Going forward, the capacity expansion facility in Belgium that began operating in January this year will make a significant contribution to earnings.」

「Amid continued gradual growth in the global economy, consolidated net sales for the six months ended 30 September 2018 were ¥306,053 million, up 4.7% year on year, driven by growth in the global business, where production capacity was being expanded.」

「Consolidated net sales for the three months ended 30 June 2018 were ¥152,271 million, up 5.5% year on year, driven by growth in the global business, where production capacity was being expanded.」

「Consolidated net sales for the nine months ended 31 December 2017 rose to a record ¥445,931 million, up 9.3% year on year, driven by the overseas business.」

「Amid a continued gradual recovery in the global economy, consolidated net sales for the six months ended 30 September 2017 increased 8.2% year on year to a record ¥292,258 million, driven primarily by expanded sales in overseas markets.」

「Modified silicone polymer sales volumes steadily increased as applications expanded globally.」

「Modifier was affected by higher raw material prices in the second half of the fiscal year, but sales expanded in new applications, including non-PVC applications. Although supply capacity remained insufficient, the new production line in Malaysia began commercial operations as scheduled in March this year, establishing a structure capable of meeting strong demand.」

「Modifier sales volumes increased in both the domestic and overseas markets as the company expanded new applications, including non-PVC applications. Modified silicone polymer sales also increased in all domestic and overseas regions as its unique quality characteristics gained broad recognition and sales expanded in industrial applications as well as construction applications. Construction of a new Modifier production line in Malaysia, scheduled to begin operations in March 2017, and a new modified silicone polymer production facility, scheduled to begin operations in July 2017, progressed smoothly. Once operational, these facilities will enable the company to respond quickly to strong demand in the Asian market. The company is also pursuing various initiatives, primarily for overseas expansion, to generate synergies with Cemedine Co., Ltd., which became a consolidated subsidiary in January 2016. As a result, segment sales increased by ¥9,976 million, or 14.3%, year on year to ¥79,930 million, while operating income was ¥10,896 million, roughly unchanged from the previous year.」

「Modifier sales declined substantially under the strong impact of the stronger yen, but sales volumes steadily increased, particularly in overseas markets, as the company expanded new applications, including non-PVC applications, by improving product differentiation. For modified silicone polymers, sales volumes increased in Europe, the US and Asia as their unique quality characteristics gained broad recognition and they increasingly replaced other materials in industrial applications as well as construction applications.」

「Modifier sales volumes in Europe, the US and Asia steadily increased as the company globally improved product differentiation and expanded new products, including for non-PVC applications.」

「At its regional headquarters in the Americas, Europe and Asia, the company will strengthen regional headquarters functions and rapidly pursue new market development and the use of external resources by implementing regional strategies from a local perspective, further increasing overseas sales.」