Risks of demand decline, customer attrition, intensifying competition, and substitute products

「Revenue was ¥813.6 billion, down ¥76.8 billion, or 8.6%, from the previous interim consolidated accounting period. This was due to factors including lower selling prices accompanying declines in the prices of raw materials such as naphtha, and lower sales, primarily in the Basic & Green Materials segment.」

「The naphtha cracker operating rate remained weak, affected not only by lower demand for downstream products but also by the postponement of the production restart referred to above.」

「Revenue was ¥1,274.5 billion, down ¥154.4 billion, or 10.8%, from the same quarter of the previous year on a year-to-date consolidated basis. This was due to factors including lower sales volumes resulting from sluggish demand and the sale of subsidiaries.」

「Revenue was ¥823.7 billion, down ¥127.4 billion, or 13.4%, from the same quarter of the previous year on a year-to-date consolidated basis. This was due to factors including lower sales volumes resulting from sluggish demand and the sale of subsidiaries.」

「Revenue was ¥407.9 billion, down ¥68.2 billion, or 14.3%, from the same quarter of the previous year on a year-to-date consolidated basis. This was due to factors including lower sales volumes resulting from sluggish demand.」

「Sales of polyethylene and polypropylene were affected by slower demand. The operating rate of the naphtha cracker also declined from the same quarter of the previous year on a year-to-date consolidated basis, affected by weaker demand for downstream products.」

「The operating rate of the naphtha cracker declined from the same quarter of the previous year on a year-to-date consolidated basis, affected by weaker demand for downstream products. Sales of polyethylene and polypropylene were also affected by slower demand. Sales of industrial films declined mainly due to slower semiconductor demand, while terms of trade improved due to foreign exchange effects and other factors.」

「Sales in the elastomer, functional compound and PP compound businesses declined due to lower automotive production and other factors, but terms of trade improved as a result of price revisions and foreign exchange effects.」

「Delayed recovery in automotive demand and production due to the renewed spread of COVID-19 and shortages of semiconductors and other supplies」

「At the same time, conditions requiring close monitoring have emerged, including surging crude oil prices and moves by automakers to reduce production.」

「The elastomer, functional compound and overseas polypropylene compound businesses responded appropriately to the recovery in demand, and sales remained firm.」

「At present, concerns also include shortages of semiconductors and other items, which could pose a potential risk to the expected recovery in automotive demand and production.」

「Some major customers for the company's key products, including in the automotive sector, are reducing production. The company will continue to monitor the situation closely to minimize the impact.」

「As in the previous consolidated fiscal year, the spread of COVID-19 has affected each segment, including through lower sales volumes.」

「Sales of the elastomer, functional compound, overseas polypropylene compound and solutions businesses declined due to the spread of COVID-19.」

「The spread of COVID-19 has affected each segment, including through lower sales volumes.」

「Elastomers, primarily for automotive parts and resin modifiers, posted lower revenue as demand slowed, particularly in Asia. Functional compound products posted lower revenue due to the impact of slower automotive production in Europe, the United States and China.」

「Elastomers, primarily for automotive parts and resin modifiers, posted lower revenue as demand slowed, particularly in Asia. Functional compound products posted lower revenue due to the impact of slower automotive production in Europe, the United States and China.」

「Elastomers, primarily for automotive parts and resin modifiers, posted lower revenue as demand slowed, particularly in Asia.」

「The company faces the risk of lower earnings due to factors including declining market demand and customer attrition, a sharp, unexpected decline in sales volumes and market conditions caused by oversupply resulting from competitors expanding production capacity and an inflow of lower-priced products, and the emergence of substitute products.」

「During the nine-month consolidated period, there were no new business or other risks, and no material changes to the business or other risks described in the annual securities report for the previous fiscal year.」

「The company faces the risk of lower earnings due to factors including declining market demand and customer attrition, a sharp, unexpected decline in sales volumes and market conditions caused by oversupply resulting from competitors expanding production capacity and an inflow of lower-priced products, and the emergence of substitute products.」

「The company faces the risk of lower earnings due to factors including declining market demand and customer attrition, a sharp, unexpected decline in sales volumes and market conditions caused by oversupply resulting from competitors expanding production capacity and an inflow of lower-priced products, and the emergence of substitute products.」